JURNAL MANAJEMEN MOTIVASI
Vol 22 No 2 (2026): Jurnal Manajemen Motivasi

Konsentrasi Pasar Perbankan dan Kinerja Perusahaan Multidimensi di Indonesia: Kelonggaran Keuangan sebagai Kondisi Pembatas

Rudy Bayu Prasetyo (Unknown)
Arum Setyowati (Unknown)

Article Info

Publish Date
09 Oct 2026

Abstract

This study examines how banking market concentration relates to accounting and market-based performance and whether financial slack conditions these relationships. An unbalanced panel of 818 Indonesian non-financial listed firms produced 6,537 firm-year observations for 2015–2025. Firm fixed-effects models with clustered standard errors show that concentration is negatively associated with ROA and ROE but positively associated with Tobin’s Q. The concentration–slack interaction is negative for ROA and Tobin’s Q, but insignificant for ROE. Robustness estimates support the ROA interaction, while the valuation interaction is estimator-sensitive.

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Journal Info
JURNAL MANAJEMEN MOTIVASI
Website

Abbrev

jm_motivasi

Publisher

Universitas Muhammadiyah Pontianak

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Manajemen Motivasi (JMM) adalah Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Pontianak yang diterbitkan secara berkala 2 (dua) kali dalam satu tahun (Juni dan Oktober) sebagai sarana untuk menyebarluaskan hasil penelitian dan ilmu pengetahuan di bidang ilmu manajemen ...