Nafis Dwi Kartiko
Directorate General of Taxes, Ministry of Finance of the Republic of Indonesia

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Honest Growth Pays Off: Understanding the Powerful Impact of Corruption Control on Businesses Amrie Firmansyah; Nafis Dwi Kartiko
Jurnal Dinamika Akuntansi dan Bisnis Vol. 13 No. 1 (2026): March 2026
Publisher : ccounting Department, Universitas Syiah Kuala, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jdab.v13i1.785

Abstract

This study examines the impact of state-level corruption control on firm growth in the Indonesian energy sector. Using 82 energy firms listed on the Indonesia Stock Exchange during 2002-2023, this study applies Ordinary Least Squares (OLS) regression with robust standard errors and fixed-effects estimation. Firm-level financial data are obtained from corporate financial statements, while corruption control indicators are sourced from the World Bank's Worldwide Governance Indicators. The results show that stronger corruption control is consistently associated with higher firm growth across multiple proxies. These findings indicate that improved institutional quality reduces uncertainty and supports more efficient resource allocation.
DAMPAK BELANJA MODAL TERHADAP NILAI TAMBAH SEKTOR EKONOMI DI PULAU SUMATERA: STUDI EMPIRIS DARI PERSPEKTIF SPASIAL M. Silahul Mu’min; NAFIS DWI KARTIKO; Muhammad Syariful Anam
JURNAL INFO ARTHA Vol 10 No 1 (2026): Edisi Juli 2026
Publisher : Polytechnic of State Finance STAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31092/jia.v10i1.3867

Abstract

This study examines how government capital expenditure shapes the value added of three leading sectors in Sumatra: agriculture, mining, and manufacturing. A panel dataset covering all districts and municipalities on the island over the 2010 to 2022 period is analyzed through Geographically Weighted Panel Regression (GWPR) to capture spatial heterogeneity. The estimation reveals that capital expenditure exerts a positive and significant influence on agricultural value added in nearly all localities, whereas its influence on mining and manufacturing differs considerably across space. These findings indicate that well-directed capital budget allocation strengthens sectoral productivity, particularly in agriculture, although its effectiveness is conditioned by local economic characteristics and the quality of budget management in each sector. Local governments are therefore advised to prioritize infrastructure investment that reinforces strategic sectors in order to sustain regional economic growth.