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All Journal BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi
Ikasari, Novita
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Economics, Econometrics & Finance Social Sciences

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Reformulation of the Role of Regional Development Banks as Agents of Regional Catalyst: The Case of Indonesia Umanto, Umanto; Ikasari, Novita
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi
Publisher : UI Scholars Hub

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Regional development banks (RDB) in Indonesia are constitutionally mandated to be the economic and social catalyst for local development, a role which requires banks to finance ‘unprofitable’ projects. The incompatible functions are resulted in reservations within RDB to maximize their resource allocation potential. This paper is aimed at evaluating RDB’s catalyst role and at proposing a refinement to the current role which would enable RDBs to achieve their expected goals. This research uses descriptive statistics of RDBs’ loan performance from 2012 to 2017 to establish RDBs’ performance in economic and social areas. Accounts included in this research are third-party funds, productive loans, loan deposit ratio and small business loans. It is evident from the secondary data that RDBs have issues in contributing to local economy generator. Next, data from interviews with senior management team of four RDB’s are analysed to identify critical pillars for formulation of RDBs’ role. Referring to Thorne’s and Du Toit’s framework for development banks (2009) the reformulation of RDBs’ catalyst role starts from stipulating their role in an exclusive and well-defined operating environment. This will allow RDBs to synergize their operations with local development programs. From governance and financial performance perspectives, RDBs can prepare efforts to make an initial public offering as part of a strategy for increasing capital, structuring corporate governance, and enhance corporate value.
Unveiling The Impact of Covid-19 And The Policy Implications On Indonesian Small Businesses: Where Do They Hurt The Most? Wahyuni, Sri; Ikasari, Novita
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi
Publisher : UI Scholars Hub

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Abstract

The catastrophic impact of COVID-19 Pandemic on micro, small and medium enterprises (MSMEs) is well-presented across countries featured on a helicopter view. However, studies on business activities as proxies to business functions that are exclusively affected by the pandemic are scarcely found, which in turn might cause ineffective recovery policy. Using Indonesia as a case in point, this study aims at codifying the particular business activities to proxy the functions that have been impacted across the sectors and business owners’ perception on the government’s policy. The study uses indicators for three business functions that are qualitatively constructed from previous studies to ensure their robustness. Data from the 220 respondents across Indonesia are collected using a non-probability sampling technique and the questionnaire is distributed online. The results are presented in descriptive statistics along with Kruskal-Wallist test to detect any difference across industries and duration of business. The study finds that production is the most severely impacted on creative sectors, whilst human resources issues are rampant for manufacturing and financial issues remain the center of the conundrum for all sectors. Notwithstanding the fatalistic result of downfall in demand of goods and services, the second most impacted business activity is productivity due to the reduced working hour of employees. In terms of COVID-19 Pandemic policy, financing facilities and health protocol are equally impactful for small businesses. These findings provide unambiguous evidence on specific business activities that are impacted, that is beneficial for evidence-based policy making.
Co-Authors Sri Wahyuni Umanto, Umanto