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All Journal Humano: Research Journal IJIS - Indonesian Journal On Information System JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi) JMS : Jurnal Manajemen Sinergi International Journal of Business, Law, and Education Jurnal Ekonomi dan Manajemen Indonesia Jurnal WIDYA LAKSMI (Jurnal Pengabdian Kepada Masyarakat) Agrikan: Jurnal Agribisnis Perikanan Journal of Indonesian Economy and Business International Journal of Applied Business and International Management Journal of the Community Development in Asia Asia Pacific Journal of Management and Education Journal of International Conference Proceedings Madani: Multidisciplinary Scientific Journal Jurnal Pertanian Khairun (JPK) GEMBIRA (Pengabdian Kepada Masyarakat) International Journal of Economics, Business and Innovation Research
Fahri, Johan
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Journal : Journal of International Conference Proceedings

 1 
The Fiscal Illusion: A Regional Paradox of Mining Resources (Study on Regencies/Cities in North Maluku) Reza, Muhammad Dwi; Fahri, Johan; Amiro, Suratno; Ahmad, Abdul Chalid
Journal of International Conference Proceedings Vol 7, No 2 (2024): 2024 ICSM Thailand & AIC Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v7i2.3749

Abstract

This study aims to determine the fiscal illusion of the mining area paradox in North Maluku Regency/City which is affected by  the flypaper effect by regression on Regional Original Revenue, General Allocation Fund and Revenue Sharing Fund on Regional Expenditure. The data collection method uses census techniques. There are 10 districts/cities in this study with a total of 50 observations from 2018-2022. The technique used in this study is a multiple linear regression analysis technique using the E-Views  12 statistical test tool. The results of this study Fiscal illusions in North Maluku can include a variety of aspects related to perceptions or beliefs that may not correspond to the actual economic reality. Revenue from the mining sector, dependence on central transfer funds, increased revenue from massive investment are gaps in the occurrence of fiscal illusions in districts/cities in North Maluku Province. Regional Original Revenue, General Allocation Fund and Profit Sharing Fund affect regional expenditure and there is a flypaper effect symptom in districts/cities in North Maluku province.
Effectiveness of Reward and Punishment Systems in Enhancing Employee Motivation and Performance: A Human Resource Management Case Study at Medika Clinic, Lelilef Village, North Maluku, Indonesia Qussayn, Muhammad; Jabid, Abdullah W.; Fahri, Johan; Sukur, Putri Ayunnisa
Journal of International Conference Proceedings Vol 8, No 5 (2025): ICEBAT Manado 2025
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i5.4362

Abstract

This study explores the effectiveness of the reward and punishment system at Medika Pratama Perkasa Clinic, a private healthcare facility located in the remote mining area of Lelilef Village, Central Halmahera, North Maluku. Operating with limited human resources and high workloads, the clinic applies a qualitative exploratory case study approach, using interviews, observations, and document analysis, validated through source and method triangulation. The findings show that rewards—such as financial incentives, certificates, additional leave, and training—positively improve staff motivation and loyalty. Meanwhile, punishments including verbal and written warnings and incentive reductions help enforce discipline, although they generate psychological pressure for some employees. The remote context intensifies challenges related to limited facilities, referral constraints, and stressful work conditions. The study concludes that the system works adequately but requires greater consistency, clearer criteria, and stronger non-financial support through mentoring and coaching. These results contribute to understanding human resource management in healthcare organizations operating in remote areas
The effect of Stablecoin on the Jakarta Composite Index (JCI) Umar, Thaifur K.; Fahri, Johan; Rusandry, Rusandry
Journal of International Conference Proceedings Vol 8, No 5 (2025): ICEBAT Manado 2025
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i5.4315

Abstract

This study investigates the effect of stablecoins, particularly Tether (USDT), on the Indonesian capital market represented by the Jakarta Composite Index (JCI). Rooted in blockchain technology evolution and the growing effect of crypto-asset on global markets, this research seeks to examine whether the relatively stable characteristics of stablecoins produce different impacts compared to volatile crypto-asset such Bitcoin (BTC). Using monthly time-series data from October 2018 to October 2024 and applying multiple linear regression analysis, the findings reveal that Stablecoin Price has a negative and significant effect on the JCI, whereas Stablecoin Volume exhibits insignificant effect. This implies that a decrease in stablecoin prices corresponds with an increase in stock index performance, indicating investors’ preference to shift from crypto-assets to equities when stablecoin prices fall. The absence of volume effects further suggests that investors do not perceive stablecoin trading activity as an investment signal due to its low volatility and value stabilization mechanisms pegged to the USD. The study contributes theoretically to the literature on digital asset integration into traditional financial systems and provides practical insights for policymakers and investors in designing regulatory frameworks and diversification strategies in the Indonesian financial market. Keywords: Stablecoin; Tether (USDT); Bitcoin (BTC); Jakarta Composite Index (JCI); Crypto-asset; Blockchain Technology; Capital Market; Portfolio Diversification; Indonesia
Co-Authors Abdul Chalid Ahmad Abubakar, Karim Albaar, Nurjanna Amiro, Suratno Arilaha, Muhammad Asril Aswar, Muhammad Buamonabot, Irfandi Darmin, Fardin Dudi Amarullah Fatmawati, Mila FATMONA, SARIFFUDIN Gunawan Gunawan Hadady, Hartaty Hamidin Rasulu Hardi, Syientani Salwa Hasbullah Hasbullah Hasyim, Wahab Hidayanti, Ida Jabid, Abdullah W. Jannang, Abdul Rahman Kamaluddin, Abdul Kadir Karim, Wahid Abd Muhsin N Bailusy Mutmainah Mutmainah Nurhasanah Nurhasanah Onso, Tamsil La Pollack, Julien Pratama, Rheza Qussayn, Muhammad Reza, Muhammad Dwi Rusandry, Rusandry Siswahyudianto Sofyan Senen Sukur, Putri Ayunnisa Sulfi Abdul Haji Syahdan, Rinto Tuasamu, Hadi Umar, Thaifur K. Yusri Sapsuha