The Measurement of Efficiency : Study Case LQ45 Companies in Indonesia

Abdullah Haidar

doi:10.32350/ibfr.111.05

Abdullah Haidar Tazkia Islamic University College

DOI: https://doi.org/10.32350/ibfr.111.05

Keywords: Covid-19, Efficiency, LQ45 Company, Productivity

Abstract

Abstract Views: 0

During the five-year observation period, this study intends to assess the efficiency of LQ45 companies published between August 2021 and January 2022 during five years (2016-2020). Using Data Envelopment Analysis (DEA), this study employs the Constant Return to Scale (CRS) and Variable Return to Scale (VRS) method to assess the efficiency and productivity of an organization. According to the findings of this study, the average efficiency of each LQ45 companies in Indonesia has not yet attained maximum efficiency, and the trend varies from year to year. Variable output, including Net Income After Tax, is the primary reason for the LQ45 company's inefficiency. Other findings from this study reveal that sharia LQ45 companies are more efficient than non sharia LQ45 companies. In addition, this study evaluates the efficiency of LQ45 companies during the Covid-19 epidemic, which demonstrates a drop in efficiency as evidenced by the majority of companies having a substantial decline in output.

Downloads

Download data is not yet available.

References

Al-Nuaimi, S. M., & Al-Batat, M. F. (2022). Measuring and analyzing the relationship between the quality of earning and the efficiency of investment in Iraq industrial companies. Enterpreneurship Journal For Finance And Business.
Amrullah, E., & Eriandani, R. (2013). Pengaruh Good Corporate Governance Terhadap Efisiensi Perusahaan Berdasarkan Dea Pada Bumndan Non Bumn Yang Terdaftar di BEI Periode 2009- 2011. . Sustainability National Conference.
Arianto, B. (2021). Dampak Pandemi Covid-19 terhadap Perekonomian Dunia. Jurnal Ekonomi Perjuangan, 106–126.
Ascarya. (2012). Efficiency using data envelopment analysis. Working Paper Center for Central Banking Education and Studies.
Banker, R. D., Charnes, A., & Cooper, W. W. (1984). Some models for estimating technical and scale inefficiencies in data envelopment analysis. . Management Science, 30(9).
Bartol, K. M., & Martin, D. C. (1991). Management. McGraw Hill.
Berger, A., & Berger, D. (1997). Efficiency of Financial Institutions: International Survey and Directions for Future Research. International Survey and Directions for Future Research.
Charnes, A., Cooper, W. W., & Rhodes, E. (1978). Measuring the efficiency of decision-making units. European Journal of Operational Research, 429–444.
Farida, N., & Azhari, M. (2018). Efficiency Measurement Using Dea And Its Effect Towards Stock Return. Sikap, 2(2).
Fathony, M. (2013). Analisis Efisiensi Pebankan Nasional Berdasarkan Ukuran Bank: Pendekatan Data Envelopment Analysis. . Finance and Banking Journal.
Gu, H., & Yue, J. (2011). The Relationship berween Bank Efficiency and Stock Returns: Evidence from Chinese Listed Banks. . World Journal of Social Sciences , 95–106.
Hidayat, T. (2006). Perbandingan Pengaruh EVA dan Pengukuran Kinerja Lainnya Terhadap Imbal Hasil Saham di Indonesia. Jurnal Akuntansi Dan Keuangan Indonesia Vol 3.
Kasman, S., & Kasman, A. (2021). Efficiency, Productivity, and Stock Performance: Evidence From The Turkish Banking Sector. . Panoecomonicus, , 355–372.
Kumar, J. (2022). Evidence of Manufacturing Productivity using TPM in Indian industry: a survey. . International Journal of Latest Engineering Science (IJLES).
Ling, O. P., Kamil, A. A., & Awang, M. N. (2009). Data Envelopment Analysis For Stocks Selection On Bursa Malaysia. . Journal Of Quantitative Methods.
Nasution, A. H. (2006). Manajemen Industri. Andi Offset.
Naufal, F. M., & Firdaus, A. (1996). Analisis Efisiensi Bank Pembiayaan Rakyat Syariah (Bprs) Wilayah Jabodetabek Dengan Pendekatan Two Stage Data Envelopment Analysis (Dea). Equilibrium. Jurnal Ekonomi Syariah, 5–2.
Ozcan, Y. (2008). Health care benchmarking and performance evaluation: An assessment using data envelopment analysis. . Boston: Springer.
Prativi, Y. P., Dewi, D. M., & Lubis, C. (2020). Analisis Komparatif Pengukuran Kinerja Entitas Syariah Dengan Balance Scorecard Dan Maslahah Scorecard. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(1), 106–113.
Purnama, I. D. (2021). IDX Channel.COM. Https://Www.Idxchannel.Com.Cdn.Ampproject.Org.
Sadikin, F. X. (2005). Tip dan Trik Meningkatkan Efisiensi Produktivitas dan Profitabilitas. Andi.
Sánchez, M. D., & Fonfría, A. (2022). Measuring Productivity of the Spanish Defence Industry. Sample Our Economics, Finance, Business & Industry Journal.
Soory, A. (2022). Measuring Technical Efficiency in Mining Stocks by Using Nonparametric Method (Data Envelopment Analysis). . Iranian Journal of Mining Engineering.
Stević, Z., Miškić, S., Vojinović, D., Huskanović, E., Stanković, M., & Pamučar, D. (2022). Development of a Model for Evaluating the Efficiency of Transport Companies: PCA–DEA–MCDM Model. . Axioms.
Sufian, F. (2007). The Efficiency of Islamic Banking Industry in Malaysia: Foreign vs Domestic Banks. . Humanomics, 23(3), 174–192.
Zheng, C., & Zhang, J. (2020). The COVID-19 resource centre is hosted on Elsevier Connect, the company ’ s public news and information. Elsevier.