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The Role of Credit and Operational Risk on Banking Performance in State-Owned Banks: Empirical Insights from Indonesia Ginna Novarianti Dwi Putri Pramesti; Agus Rohmat Hidayat
Journal of Sharia Micro Enterprise and Cooperation Vol. 3 No. 1 (2026): Journal of Sharia Micro Enterprise and Cooperation
Publisher : Sekolah Tinggi Agama Islam Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59784/pb5vwh76

Abstract

Backround: Banking performance influenced by various factor risks, in particular risk credit and risk operational, which has implications significant for stability banking finance and the economy national research​. Objective: This aim analyze role risk credit and risk operational to performance of state-owned banks in Indonesia through review literature empirical and systematic from various studies national and international. Method: The methods used is systematic literature review (SLR), reviewing publication between 2012–2026 which discusses management risk, bank profitability, return on assets (ROA), and mitigation strategies risk in context state banking. Results: Analysis results show that risk high credit​ impact directly on bank profitability and quality portfolio loans, while risk operational, including weakness internal systems and processes, potentially lower efficiency and stability institutions. Effective mitigation strategies covers strengthening core capital, implementation standard management strict risk, as well as innovation digital technology for support credit monitoring and management operational. Conlusion: Research This conclude that management risk credit and operations in a way integrated important For guard performance of state-owned banks, increasing resilience financial, and support growth economy national.
Sharia Banking Perspectives on Inflation And Economic Stability: Qualitative Insights And Policy Implications Feri Hardiyanto; Agus Rohmat Hidayat; Rudi Ferdiansah
Journal of Sharia Micro Enterprise and Cooperation Vol. 3 No. 1 (2026): Journal of Sharia Micro Enterprise and Cooperation
Publisher : Sekolah Tinggi Agama Islam Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59784/kb78wb61

Abstract

Background: Inflation and economic instability remain major concerns in developing economies, including Indonesia. Inflation reduces purchasing power, increases production costs, affects household welfare, and creates uncertainty for financial institutions.. Indonesia’s Islamic banking sector has grown significantly, with assets exceeding IDR 800 trillion and a market share of approximately 7.5% of total national banking assets as of 2023, underscoring its increasing relevance as a stabilizing financial force in an inflation-prone economy.Objective: This study aims to examine inflation and economic stability from the perspective of sharia banking and to identify relevant policy implications for strengthening financial resilience in Indonesia.Methods: This study uses a qualitative literature review approach by synthesizing previous studies related to inflation, Islamic finance, monetary policy, sharia banking, digital finance, MSMEs, and macroeconomic uncertainty.Results: The findings show that inflation weakens purchasing power, increases business uncertainty, and affects financial performance. Sharia banking can contribute to economic stability through third-party fund mobilization, productive financing, ethical financial governance, and support for MSMEs. Eight thematic clusters were identified: inflation and welfare, banking performance risk, sharia banking and economic growth, MSME resilience, exchange rate dynamics, monetary policy coordination, digital financial transformation, and the Islamic finance ecosystem.Conclusion: Sharia banking can serve as a complementary pillar in Indonesia’s economic stability framework. Policy integration between monetary authorities, Islamic financial institutions, and real-sector development is needed to reduce inflationary pressure and strengthen inclusive economic resilience. This study contributes an integrative policy-relevant framework positioning sharia banking as an institutional actor in inflation mitigation and inclusive financial development in Indonesia.
Integrating Islamic Business Ethics And Digital Transformation To Enhance Msme Competitiveness Nur Alifah; Agus Rohmat Hidayat
Journal of Sharia Micro Enterprise and Cooperation Vol. 3 No. 1 (2026): Journal of Sharia Micro Enterprise and Cooperation
Publisher : Sekolah Tinggi Agama Islam Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59784/mj9xat76

Abstract

Background: The convergence of Islamic business ethics and digital transformation represents a critical but underexplored determinant of Micro, Small, and Medium Enterprise (MSME) competitiveness in Muslim-majority economies. Objective: This study investigates the individual and interactive effects of Islamic business ethics and digital transformation on MSME competitiveness in Indonesia. Method: Using a quantitative approach with moderated multiple regression analysis, data were collected from 215 MSME owners/managers across five Indonesian provinces through stratified random sampling.Results: Islamic business ethics (β = 0.387, p < 0.001) and digital transformation (β = 0.341, p < 0.001) each significantly and positively affect competitiveness. Their interaction term is also significant (β = 0.148, p = 0.002), indicating a synergistic moderating effect. The integrated model explains 64.1% of variance in competitiveness.Conclusion: MSMEs that simultaneously embed Islamic ethical principles and embrace digital transformation achieve superior and more sustainable competitiveness. Policymakers should design integrated halal-digital ecosystem programs, while sharia financial institutions should expand ethics-based digital literacy support for MSMEs.
Monetary Policy and Macroeconomic Stability in Indonesia: A Systematic Literature Review Agus Rohmat Hidayat
Return : Study of Management, Economic and Bussines Vol. 5 No. 3 (2026): Return: Study of Management, Economic and Business
Publisher : PT. Publikasiku Academic Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57096/return.v5i3.469

Abstract

Monetary policy has a strategic role in maintaining a country's macroeconomic stability, including Indonesia, by influencing inflation, interest rates, and economic growth. Global economic uncertainty and market volatility demand a deep understanding of the effectiveness of various monetary policy instruments and their impact on national economic stability. This study aims to explore how monetary policy affects macroeconomic stability in Indonesia through a systematic literature review (SLR) with a qualitative approach, to obtain comprehensive insights regarding monetary policy practices, challenges, and implications. The study uses a qualitative approach with SLR, reviewing national and international literature from 2010–2025 related to monetary policy, inflation, exchange rates, interest rates, and economic growth in Indonesia. The data were analyzed thematically to identify patterns, strategies, and implementation challenges of monetary policy, as well as its impact on macroeconomic stability. Findings show that monetary policy, including interest rate settings, liquidity intervention, and credit policy, plays an important role in maintaining Indonesia's economic stability. Adaptive implementation of monetary policy to global volatility increases market confidence, reduces inflation, and supports economic growth. The review results also identify challenges such as slow response to external changes, inter-institutional coordination, and limited policy instruments. Specifically, the findings recommend: (1) accelerating real-time economic monitoring systems to reduce institutional policy response lags; (2) establishing formal inter-institutional coordination frameworks between Bank Indonesia and the Ministry of Finance; and (3) expanding macroprudential instruments to complement conventional monetary tools, strengthening national economic resilience to global shocks.
Digital Payment Systems (Qris) And Financial Transaction Efficiency: A Qualitative Review Of Implementation Practices Agus Rohmat Hidayat
Return : Study of Management, Economic and Bussines Vol. 5 No. 4 (2026): Return: Study of Management, Economic and Business
Publisher : PT. Publikasiku Academic Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57096/return.v5i4.470

Abstract

System digital payments in Indonesia are growing fast, one of them through QRIS (Quick Response Code Indonesian Standard), which is designed For make things easier transaction finance, improve digital inclusion, and accelerate efficiency MSME operations and institution finance. However, the effectiveness QRIS implementation in practice real and its impact to efficiency transaction Still need understanding deep. Study This aim For explore practice QRIS implementation in various sector and assess its influence to efficiency transaction finance, using approach qualitative based studies literature and analysis document. Study This use approach qualitative with review literature systematic, interview with MSMEs, banks, and fintech players, as well as observation practice transaction QRIS- based. Data analyzed in a way thematic For extracting pattern use, obstacles, and benefits of QRIS for efficiency transactions. Research results show that QRIS improves efficiency transactions, speed up the payment process, reduce cost administration, and improve accuracy recording. Challenges encountered covering digital literacy, limitations internet network, and resistance users beginning. The use of QRIS is also encouraging transparency finance and integration with system digital banking. Research This give guide for banks, fintech, and MSMEs in maximize utilization of QRIS, as well as give recommendation policy For expand use system digital payments to increase efficiency transactions and inclusion finance.
Employee Wellbeing Programs and Their Impact on Organizational Productivity in the Digital Era Nur Alifah; Agus Rohmat Hidayat; Kyra Kholilah Wardaniyah
Jurnal Syntax Admiration Vol. 7 No. 1 (2026): Jurnal Syntax Admiration
Publisher : Syntax Corporation Indonesia

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Abstract

The digital era has fundamentally transformed the nature of work, creating new demands on employee health, engagement, and cognitive capacity while simultaneously offering unprecedented technological tools to address these challenges. This study investigates the relationship between structured Employee Wellbeing Programs (EWPs) and organizational productivity across ASEAN economies, drawing on secondary panel data from 10 ASEAN member states (2015–2023) and an integrative review of 20 empirical studies. Employing a Composite Wellbeing Index (WBI) constructed via Principal Component Analysis (PCA) and a two-stage fixed-effects panel regression model, the study finds that EWP adoption is a significant and robust predictor of organizational productivity (β = 0.43, p < 0.001), with the technology and services sectors reporting the highest productivity gains (14.6% and 13.2% respectively) from wellbeing investment. Digital tool integration, mental health support, and physical wellness programs collectively account for 75% of explained productivity variance. Governance quality and HRM strategic orientation significantly moderate the EWP–productivity relationship. The mean ASEAN Composite Productivity Index (CPI) rose from 58.1 in 2015 to 68.0 in 2023, with high-WBI firms consistently outperforming low-WBI counterparts by 15–20 index points throughout the observation period. The findings advance theoretical understanding of the human capital–productivity nexus in digital-era organizations and provide actionable recommendations for ASEAN policymakers and corporate HR practitioners.
Sustainable Business Practices Supporting SDGs Across ASEAN Economies Agus Rohmat Hidayat; Nur Alifah; Kyra Kholilah Wardaniyah
Jurnal Syntax Admiration Vol. 7 No. 1 (2026): Jurnal Syntax Admiration
Publisher : Syntax Corporation Indonesia

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Abstract

This study examines the role of sustainable business practices in advancing the United Nations Sustainable Development Goals (SDGs) across ASEAN economies. Drawing on a systematic review of recent empirical literature and secondary data from 10 ASEAN member states for the period 2015–2023, the study evaluates how environmental, social, and governance (ESG) frameworks, green investments, renewable energy consumption, circular economy strategies, creative economy, and human resource management (HRM) contribute to SDG attainment. Using a Composite Sustainability Index (CSI) and panel regression analysis, the findings reveal that ASEAN countries achieving higher ESG alignment scores demonstrate significantly greater progress toward SDG targets, with a mean CSI score of 62.4 out of 100 as of 2023. The results further indicate that renewable energy adoption and green economic growth are the strongest predictors of sustainability performance (β = 0.47, p < 0.001), while governance quality and corporate ESG disclosure amplify these effects. Sectoral analysis highlights heterogeneity in SDG progress, with the manufacturing and logistics sectors lagging relative to the services and technology sectors. The study contributes to the theoretical understanding of sustainable business-SDG linkages in developing regional economies and offers actionable policy recommendations for ASEAN governments and corporate actors.
IMPLEMENTATION OF CHANGE MANAGEMENT IN BUMDES: A CASE STUDY OF A FAMILY-BASED VILLAGE BUSINESS Agus Rohmat Hidayat
Journal of Economic Development and Village Building Vol. 3 No. 1 (2025): Journal of Economic Development and Village Building
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59261/jedvb.v3i1.28

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In the era of economic disruption and digitalization, public sector organizations and local communities such as Village-Owned Enterprises (BUMDes) are faced with significant challenges in adopting change to remain relevant and competitive. This research aims to examine the implementation of change management in BUMDes that run family-based village businesses, focusing on adaptation strategies, leadership, community participation, and institutional structure. The case study was conducted on one of the BUMDes in Indonesia that has undergone structural and operational transformation after the COVID-19 pandemic. The research method used was descriptive qualitative with a case study approach, involving in-depth interviews, participatory observation, and document analysis. The results show that the success of change management is strongly influenced by the commitment of the village head, the involvement of family business actors, and community support. This research provides theoretical contributions in strengthening community-based change management models as well as practical benefits in the formulation of BUMDes development policies at the local level.
Sharia-Based Financial Literacy and Digital Innovation in Strengthening MSME Business Performance Ginna Novarianti Dwi Putri Pramesti; Agus Rohmat Hidayat
Journal of Management Economic and Financial Vol. 4 No. 2 (2026): Journal of Management, Economic and Financial
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59261/jmef.v4i2.199

Abstract

Sharia-based financial literacy and digital innovation are increasingly recognised as pivotal yet under-studied co-determinants of MSME business performance in Muslim-majority emerging economies. This study examines the individual and interactive effects of sharia-based financial literacy and digital innovation on MSME business performance in Indonesia. A quantitative approach with moderated multiple regression analysis was applied to primary data from 248 Muslim-owned MSMEs across West Java, Central Java, and East Java, selected through stratified random sampling. Variables were operationalized across nine dimensions and 27 indicators on a five-point Likert scale. Sharia-based financial literacy (B = 0.421, p < 0.001) and digital innovation (B = 0.318, p < 0.001) each significantly and positively affect MSME business performance. Their interaction is significant (B= 0.171, p = 0.002), indicating a synergistic effect with a Cohen's f² = 0.090 (small-to-medium). The integrated model accounts for 63.4% of variance in business performance. MSMEs that simultaneously develop Islamic financial literacy and embrace digital innovation achieve disproportionately higher business performance. Sharia financial institutions, digital ecosystem architects, and policymakers should design integrated halal-digital capacity programs targeting this synergistic pathway.
Job Description Transformation in Cirebon: Adapting Human Resource Needs with Artificial Intelligence Agus Rohmat Hidayat; Nur Alifah
Advances In Social Humanities Research Vol. 4 No. 1 (2026): Advances In Social Humanities Research
Publisher : Sahabat Publikasi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/adv.v4i1.549

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The development of artificial intelligence (AI) has raised the urgent need to revise job descriptions in government agencies, especially in Cirebon City. This study examines how the implementation of AI changes the competencies needed in the functional positions of state civil servants (ASN), as well as the necessary HR planning adjustment strategies. Using a systematic literature review approach, the study identifies several key dimensions of transformation, including the shift from purely technical competencies toward human–AI collaboration, the redefinition of workloads in functional positions such as translators and analysts, the increasing role of AI in talent recruitment and development, the emergence of digital output-based performance indicators, and the growing urgency of AI competency development policies in the public sector. The results of the analysis show that job description transformation is not merely an administrative revision, but a strategic restructuring that requires synergy between human resource planning, bureaucratic reform, and well-planned technology adoption. In conclusion, the integration of AI into public sector human resource management necessitates a comprehensive and adaptive redesign of job descriptions to ensure alignment with evolving technological demands. This transformation is essential to enhance organizational effectiveness, improve workforce competencies, and support sustainable bureaucratic performance in the digital era.
Co-Authors Abdurokhim Abdurokhim Ades Sugita Adil Barus Agis Ahmad Rodiansjah Agis Ahmad Rodiansjah Agis Ahmad Rodiansjah Ahmad Rodiansjah, Agis Aisyah Nurjanah Aisyah Nurjanah Ajeng Nurmala Sari Al-Amin Aldo Hermaya Aditiya Nur Karsa Aldo Hermaya Aditiya Nur Karsa Amelia Amelia Amelia Amelia Annisa Wibawanthi APRIANI Arif Rohman Hakim Astuti, Aurelia Widya Baharuddin Yusuf Budiwidodo, Sidik Chandrasari, Farika Difa Ameliora Pujayanti Dwi Putri Pramesti, Ginna Novarianti Ela, Nur Elan Maulani, Isma Eli Suherli Fahad Khan Afridi Fahira, Siti Hafsah Fajar Siddiq, Muhammad Farika Chandrasari Farika Chandrasari Feri Hardianto Feri Hardiyanto Feri Hardiyanto Fitriani, Renita Ginna Novarianti Dwi Putri Pramesti Hanipah Hanipah Hardiyanto , Feri Ibnu Ubaidillah, Suwi Imam Mutakin Irwan Rachmiadji Karsa, Aldo Hermaya Aditiya Nur Komarudin Komarudin Kyra Kholilah Wardaniyah Lestari, Anisa Ayu Dwi Mahendra, Agus Mohammad Ridwan Mohammad Ridwan Muhamad Zaenal Asikin Muhammad Fajar Siddiq Muhammad Zaenal Asikin Mukhlisin Mukhlisin Mutakin, Imam Najah, Neneng Putri Nendi, Ikhsan Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Saebah Nurjanah, Aisyah Nurmala Sari, Ajeng Nuroh Najmi Oga Laksana, Medika Oksyalia, Dean Otih Yuningsih Oxy Prabowo Prabowo, Oxy Putra, Rifky Pratama Rafi Farizki Rani, Vita Raodatul Jannah Ridzki, Mohamad Maulana Rodiansjah, Agis Ahmad Rosdiansjah, Agis Ahmad Rudi Ferdiansah Santika, Rani Saona, Saona Savandha, Septien Dwi Septien Dwi Savandha Septien Dwi Savandha Septien Dwi Savandha Sidik Budiwidodo Sidik Budiwidodo Siti Hapsah Pahira Sri Intan Wulandari Suherli, Eli Sukmawati A. Damiti Suntoda, Andi Supandji, Wahyu Suwi Ibnu Ubaidillah Suwi Suwi Suwi, Suwi Taufik Ridwan Taufik Ridwan, Taufik Vita Rani Wahyuni, Ani Wahyuning Febriyanti Wibawanthi, Annisa