Kinerja Arus Kas Operasi dan Tata Kelola Bank BJB Pascapandemi: Implikasinya terhadap Kebijakan Pengelolaan BUMD
DOI:
https://doi.org/10.36085/jmpkp.v8i2.10328Keywords:
Arus Kas, Kinerja Keuangan, Bank BJBAbstract
This study aims to analyze cash flow performance and its implications for organizational performance and Good Corporate Governance (GCG). Using a descriptive quantitative approach, secondary data were gathered from the financial statements of Bank BJB for the 2021-2023 period. The analysis evaluates three primary cash flow ratios: Operating Cash Flow (OCF) to Current Liabilities (CL), Total Debt (TD), and Net Profit (NP), integrated with trend analysis and public policy implications. The findings indicate annual fluctuations: in 2021, OCF recorded a surplus of IDR 11.649 trillion, followed by a deficit of IDR 9.870 trillion in 2022, and a limited recovery of IDR 612.359 billion in 2023. The sharp decline in the ratios in 2022 was triggered by the transmission of monetary tightening and inflation, which clashed with the company's strategic policy to expand regional productive credit, thereby creating an asymmetry between accrual profit growth and pure operating cash availability. In terms of organizational performance, these findings demonstrate that achieving Business Plan (RBB) targets is not necessarily supported by real cash availability. Consequently, local governments need to reformulate dividend targets in alignment with the organization’s cash capacity and consider cash flow ratios as complementary instruments in evaluating public sector performance
References
Anggela, B., Rosidin, & Adriadi, R. (2023). Implementasi Prinsip-Prinsip Good Governance Aparatur Pelayanan Publik di Kantor Dinas Kependudukan dan Catatan Sipil Kabupaten Lahat Provinsi Sumatera Selatan. JMPKP:Jurnal Manajemen Publik Dan Kebijakan Publik, 5(1). https://doi.org/10.36085/jmpkp.v5i1.4949
Argenis, G., & Halim, H. A. (2025). Analisis Kinerja Keuangan PT. Bank BJB Tahun 2019-2023. Jurnal Kajian Ekonomi Dan Bisnis Islam, 6, 1760. https://doi.org/10.47467/elmal.v6i3.6957
Arrofii, D. Y. T., & Muhammad, S. A. (2025). Implementasi Prinsip Good Corporate Governance dalam Pencegahan Tindak Pidana Korupsi di BUMN. Padjadjaran Law Review, 13(1), 47–59. https://doi.org/10.24198/plr.v13i1.2210
Bank BJB. (2022). Laporan tahunan 2021: Pertumbuhan melalui akselerasi digital, memberi makna untuk Indonesia. https://bankbjb.co.id/page/laporan-tahunan
Bank BJB. (2023). Laporan Tahunan 2022: Transformasi Tiada Henti untuk Mempersembahkan Kinerja Terbaik. https://ir.bankbjb.co.id/files//2024/07/annual-report-bank-bjb-2022-3.pdf
Bank BJB. (2024). Laporan Tahunan 2023: Tumbuh berkelanjutan, memberikan inovasi terbaik. https://ir.bankbjb.co.id/files//2024/07/ar-2023-bjbr-lengkap-100724-lr-compressed.pdf
BI. (2013). Peraturan Bank Indonesia Nomor 15/7/Pbi/2013 Tentang Perubahan Kedua Atas Peraturan Bank Indonesia Nomor 12/19/Pbi/2010 tentang Giro Wajib Minimum Bank Umum Pada Bank Indonesia Dalam Rupiah Dan Valuta Asing.
BPS. (2023). Tingkat Inflasi Harga Konsumen Nasional Tahunan (Y-on-Y) 1 (2022=100). https://www.bps.go.id/id/statistics-table/1/OTE1IzE=/annually-national-consumer-price-inflation-rate--y-on-y--sup1-sup--2022-100-.html
Cadbury, Adrian. (1992). Report of the Committee on the Financial Aspects of Corporate Governance. Gee.
Daulay, A. P., & Syafina, L. (2022). Analisis Laporan Arus Kas Dalam Menilai Kinerja Keuangan PT. Sumber Satwa Sejahtera. Balance: Jurnal Akuntansi Dan Manajemen. https://doi.org/10.59086/jam.v1i1.5
Fatmah, D. N. (2026). Analisis Laporan Arus Kas dalam Menilai Kinerja Keuangan Lembaga Keungan Syariah. Jurnal Kajian Ekonomi Dan Bisnis Islam, 7(8), 5274.
Giacomino, D. E., & Mielke, E. (1993). Cash flows: another approach to ratio analysis. Journal of Accountancy.
Hamzah, M., Syukur, M., Nur Salam, M., & Imam Junaidi, M. (2021). Dampak Pandemi Covid-19 Terhadap Perekonomian Indonesia: Analisis Terhadap Sektor Domestik dan Stabilitas Inflasi. Trilogi: Jurnal Ilmu Teknologi, Kesehatan, Dan Humaniora, 2(3), 382–388. https://doi.org/10.33650/trilogi.v2i3.3082
Hery. (2014). Analisis Kinerja Manajemen . PT Grasindo.
IAI. (2020). PSAK Pocket Guide 2020. https://www.pwc.com/id/en/publications/assurance/psak-pocket-guide-2023.pdf
Jauhara, G., Sitompul, K. W., Kegou, L., Malik, N. S., & Hasyim. (2025). Analisis Mengeringnya Likuiditas Perbankan sebagai Ancaman terhadap Denyut Perekonimian Indonesia. Pendas : Jurnal Ilmiah Pendidikan Dasar, 10(3), 2477–2143. https://doi.org/10.23969/jp.v10i04.36619
Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, (4), 305–360. http://hupress.harvard.edu/catalog/JENTHF.html
Locke, E. A., & Latham, G. P. (2002). Building a practically useful theory of goal setting and task motivation: A 35-year odyssey. American Psychologist, 57(9), 705–717. https://doi.org/10.1037/0003-066X.57.9.705
Mardiasmo. (2018). Akuntansi Sektor Publik. ANDI.
OJK. (2023). Laporan Surveillance Perbankan Indonesia 2021-2023. https://ojk.go.id/id/kanal/perbankan/data-dan-statistik/laporan-profil-industri-perbankan/default.aspx
Putri, A. P. S., & Prathama, A. (2025). Peran Pembinaan Terhadap Badan Usaha Milik Daerah Oleh Bagian Perekonomian Sekretariat Tuban. Jurnal Professional, 12(1), 17–28. https://doi.org/10.37676/professional.v12i1.7655
Putriani, J., Septia, R. D., Ramadani, I., Saputra, R., & Herawati, H. (2025). Analisis Rasio Profitabilitas Sebagai Indikator Kinerja Keuangan di PT Wilmar Cahaya Indonesia Tbk. Jurnal Ilmiah Metansi (Manajemen Dan Akuntansi), 8(2). https://doi.org/10.57093/metansi.v8i2.411
Rachmawati, D. (2021). Analisis Rasio Arus Kas PT Kereta Api Indonesia (Persero). CEMERLANG : Jurnal Manajemen Dan Ekonomi Bisnis, 1(2). https://doi.org/10.55606/cemerlang.v1i2.1003
Rahayu, R., Anwar, F., Kasman, & Darmi, T. (2023). Implementasi Kebijakan Pengelolaan Dana Desa. Https://Jurnal.Umb.Ac.Id/Index.Php/JMPKP/Article/View/4949, 5(1). https://doi.org/10.36085/jmpkp.v5i1.4963
Sitohang, M. Y., Siahaan, Y., Astuti, & Silaen, M. F. (2019). Laporan Arus Kas untuk Menilai Kinerja Keuangan pada PT Kalbe Farma, Tbk yang Terdaftar di Bursa Efek Indonesia. Financial: Jurnal Akuntansi, 5(2), 22–29. https://doi.org/10.37403/financial.v5i2.107
Wicaksono, K. Y., & Maunah, B. (2021). Peran Negara Dalam Ketahanan Perbankan Syariah di Masa Pandemi Covid-19. An-Nisbah: Jurnal Ekonomi Syariah, 08. https://doi.org/10.21274/an.v8i1.3600
Yuliana. (2022). Pemulihan Pascapandemi Covid-19 dari Perspektif Ilmu Sosial Kemanusiaan. Jurnal Masyarakat Indonesia, 48(2). https://doi.org/10.14203/jmi.v48i2.943
