Susy Muchtar

Retained-Earnings Capacity and Risk-Adjusted Bank Performance: Evidence from Indonesian Banks

Esti Wiyandari, Bahtiar Usman & Susy Muchtar · Journal of Economics, Management and Trade · 2026

Aims: To evaluate the association between retained earnings relative to equity (retained-earnings capacity) and Risk-Adjusted Return on Capital (RAROC) among listed Indonesian conventional banks. Study Design: Quantitative longitudinal study using balanced panel data. Place and D...

Open access Research Article 10.9734/jemt/2026/v32i111481

Determinants of the Capital Structure of Non-financial Firms Moderated by Financial Market Development

Peni Rahmadani, Farah Margaretha & Susy Muchtar · Journal of Economics, Management and Trade · 2026

Objective: Previous studies have reported inconsistent findings regarding the determinants of capital structure, with limited evidence on the moderating role of financial market development in emerging markets. Therefore, this study aims to examine the effects of goodwill assets,...

Open access Research Article 10.9734/jemt/2026/v32i81454