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Understanding Financial Risk Dynamics: A Qualitative Inquiry into Credit, Market, and Operational Risks in Banking, Investment, and Corporate Sectors Sapiri, Muhtar
Golden Ratio of Data in Summary Vol. 5 No. 2 (2025): February - April
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grdis.v5i2.719

This qualitative study explores the dynamics of financial risk management, specifically focusing on credit, market, and operational risks within the banking, investment, and corporate sectors. The research investigates the interconnected nature of these risks, their implications for risk management practices, and their impact on systemic stability. The research methodology involves a comprehensive review of existing literature and qualitative interviews with experts in the field. Thematic analysis is employed to identify recurring themes and patterns within the data. The findings highlight the intricate interconnections between different types of risks and underscore the importance of adopting integrated risk management frameworks. The analysis shows that events associated with one kind of risk can have far-reaching implications for others, amplifying overall risk exposures and vulnerabilities. The study emphasizes the need for a holistic approach to risk management that considers the interdependencies between credit, market, and operational risks. The implications for risk management practices, regulatory frameworks, and systemic stability are discussed, highlighting the significance of enhancing operational resilience and promoting collaboration between academia, industry, and regulatory bodies. Overall, the research contributes to a deeper understanding of financial risk dynamics and provides insights for enhancing risk management practices within the economic system.

Understanding Financial Risk Dynamics: A Qualitative Inquiry into Credit, Market, and Operational Risks in Banking, Investment, and Corporate Sectors Sapiri, Muhtar
Golden Ratio of Data in Summary Vol. 5 No. 2 (2025): February - April
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grdis.v5i2.719

This qualitative study explores the dynamics of financial risk management, specifically focusing on credit, market, and operational risks within the banking, investment, and corporate sectors. The research investigates the interconnected nature of these risks, their implications for risk management practices, and their impact on systemic stability. The research methodology involves a comprehensive review of existing literature and qualitative interviews with experts in the field. Thematic analysis is employed to identify recurring themes and patterns within the data. The findings highlight the intricate interconnections between different types of risks and underscore the importance of adopting integrated risk management frameworks. The analysis shows that events associated with one kind of risk can have far-reaching implications for others, amplifying overall risk exposures and vulnerabilities. The study emphasizes the need for a holistic approach to risk management that considers the interdependencies between credit, market, and operational risks. The implications for risk management practices, regulatory frameworks, and systemic stability are discussed, highlighting the significance of enhancing operational resilience and promoting collaboration between academia, industry, and regulatory bodies. Overall, the research contributes to a deeper understanding of financial risk dynamics and provides insights for enhancing risk management practices within the economic system.

Studi Kelayakan Pengembangan Kawasan Industri Perikanan Terpadu (KIPT) di Kabupaten Kepulauan Selayar Sapiri, Muhtar
AL-MIKRAJ Jurnal Studi Islam dan Humaniora (E-ISSN 2745-4584) Vol. 4 No. 02 (2024): Al-Mikraj, Jurnal Studi Islam dan Humaniora
Publisher : Pascasarjana Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/almikraj.v4i02.7069

Penelitian ini bertujuan untuk mengkaji kelayakan pengembangan Kawasan Industri Perikanan Terpadu (KIPT) di Kabupaten Kepulauan Selayar sebagai upaya strategis dalam mendorong pertumbuhan ekonomi maritim dan optimalisasi pemanfaatan potensi sumber daya perikanan daerah. Metode penelitian yang digunakan adalah studi kelayakan dengan pendekatan multidisipliner yang mencakup aspek teknis, pasar, yuridis, sosial-ekonomi, lingkungan, dan finansial. Pengumpulan data dilakukan melalui studi literatur, survei lapangan, wawancara dengan pemangku kepentingan, serta analisis data sekunder dari berbagai instansi terkait. Hasil penelitian menunjukkan bahwa Kabupaten Kepulauan Selayar memiliki potensi perikanan tangkap dan budidaya yang sangat besar, terutama untuk komoditas ikan pelagis dan rumput laut. Lokasi yang direncanakan untuk KIPT di Desa Lowa, Kecamatan Bontosikuyu, dinilai layak secara teknis dan sesuai dengan rencana tata ruang wilayah. Dari sisi finansial, pengembangan KIPT menunjukkan nilai NPV positif, IRR yang kompetitif, dan Payback Period yang efisien, menandakan bahwa proyek ini layak untuk direalisasikan secara ekonomi. Aspek sosial menunjukkan bahwa kawasan ini mampu menciptakan lapangan kerja dan meningkatkan kesejahteraan masyarakat lokal, sementara aspek lingkungan dirancang untuk memenuhi prinsip pembangunan berkelanjutan melalui pengelolaan limbah dan konservasi. Secara keseluruhan, studi ini menyimpulkan bahwa pembangunan KIPT di Kabupaten Kepulauan Selayar sangat layak dan strategis untuk dikembangkan sebagai pusat pertumbuhan industri perikanan di kawasan timur Indonesia. Rekomendasi utama dari penelitian ini adalah perlunya percepatan penyusunan dokumen teknis lanjutan, pembentukan lembaga pengelola kawasan, serta promosi investasi secara aktif untuk menarik mitra strategis dari sektor swasta.

Penerapan Model Konsep Digital Marketing dalam Meraup Segmentasi Pasar Melalui Smart Digital Content Marketing Indrayani nur; Muhtar Sapiri; Nurhidayanti Nurhidayanti
Journal of Economics and Business UBS Vol. 12 No. 2 (2023): Regular Issue
Publisher : UniSadhuGuna Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/joeb.v12i2.202

Tujuan penelitian ini untuk mendeskripsikan konsep Digital Marketing berbasis Smart Digital Content Marketing (SDCM) dalam strategi pemasaran. Metode penelitian menggunakan penelitian deskriptif kualitatif dengan teknik pengumpulan data menggunakan studi kepustakaan. Smart Digital Content Marketing merupakan cara baru untuk meningkatkan pertumbuhan pelanggan salah satunya adalah menggunakan teknik SDCM. Content Marketing merencanakan dan membuat serta membagikan konten tentang perusahaan. Hal tersebut untuk menarik pembaca mengetahui bisnis dan memotivasi mereka untuk menjadi pembeli. Konten ini dapat dibuat dalam bentuk unggahan blog, media sosial, artikel, e-book, indografis serta brosur online.

The Role of Taxes in Supporting Sustainability: An Integration of Economic and Environmental Perspectives Sapiri, Muhtar
Golden Ratio of Taxation Studies Vol. 5 No. 1 (2025): December - May
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grts.v5i1.614

This qualitative literature review explores the intersection of taxation and sustainability, aiming to provide a comprehensive understanding of the role of taxes in promoting environmental stewardship and economic efficiency. The research methodology involves systematic search, selection, and thematic analysis of relevant scholarly articles, books, and reports. Key findings indicate that environmental taxation serves as a pivotal policy tool for internalizing externalities, incentivizing innovation, and driving behavioral change towards sustainable practices. Carbon taxes and eco-taxes on pollutants have demonstrated effectiveness in reducing emissions and pollution levels while generating revenues for environmental conservation. However, challenges persist in addressing distributional impacts and safeguarding industrial competitiveness. Behavioral insights suggest that framing tax policies in terms of social norms and incorporating behavioral nudges can enhance compliance and foster pro-environmental behavior. Institutional contexts play a critical role in shaping the effectiveness of environmental tax policies, highlighting the need for holistic policy frameworks that balance environmental objectives with economic considerations. Future research should focus on evaluating the long-term impacts of environmental taxation, exploring innovative tax instruments, and adopting interdisciplinary approaches to address sustainability challenges comprehensively.

PENGARUH KREATIVITAS, INOVASI TERHADAP KINERJA PEMASARAN MELALUI KEUNGGULAN BERSAING PADA BPJS KETENAGAKERJAAN DI KOTA MAKASSAR Adinda, Adinda; Chahyono, Chahyono; Sapiri, Muhtar
Indonesian Journal of Business and Management Vol. 7 No. 2 (2025): Indonesian Journal of Business and Management, Juni 2025
Publisher : Postgraduate Bosowa University Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35965/jbm.v7i2.5287

Tujuan penelitian adalah menganalisis pengaruh kreativitas terhadap keunggulan bersaing, pengaruh inovasi terhadap keunggulan bersaing, pengaruh kreativitas terhadap kinerja pemasaran, pengaruh inovasi terhadap kinerja pemasaran, pengaruh keunggulan bersaing terhadap kinerja pemasaran, pengaruh kreativitas terhadap kinerja pemasaran melalui keunggulan bersaing, serta pengaruh inovasi terhadap kinerja pemasaran melalui keunggulan bersaing pada BPJS Ketenagakerjaan di Kota Makassar. Metode penelitian menggunakan pendekatan kuantitatif dengan jumlah samapel 100 orang peserta BPJS Ketenagakerjaan kota Makassar. Teknik pengumpulan data melalui: observasi dan kuesioner, sedangkan teknik analisis data menggunakan SmartPLS 4. Hasil temuan bahwa kreativitas berpengaruh positif dan signifikan terhadap keunggulan bersaing, inovasi berpengaruh positif dan signifikan terhadap keunggulan bersaing, kreativitas berpengaruh positif dan signifikan terhadap kinerja pemasaran, inovasi berpengaruh positif dan signifikan terhadap kinerja pemasaran, keunggulan bersaing berpengaruh positif dan signifikan terhadap kinerja pemasaran. Keunggulan bersaing dapat memediasi kreativitas dan inovasi terhadap kinerja pemasaran pada BPJS Ketenagakerjaan di kota Makassar. The purpose of the study was to analyze the influence of creativity on competitive advantage, the influence of innovation on competitive advantage, the influence of creativity on marketing performance, the influence of innovation on marketing performance, the influence of competitive advantage on marketing performance, the influence of creativity on marketing performance through competitive advantage, and the influence of innovation on marketing performance through competitive advantage at BPJS Ketenagakerjaan in Makassar City. The research method used a quantitative approach with a sample size of 100 BPJS Ketenagakerjaan participants in Makassar City. 0Data collection techniques through: observation, and questionnaires, while data analysis techniques used SmartPLS 4. The findings showed that creativity had a positive and significant effect on competitive advantage, innovation had a positive and significant effect on competitive advantage, creativity had a positive and significant effect on marketing performance, innovation had a positive and significant effect on marketing performance, competitive advantage had a positive and significant effect on marketing performance. Competitive advantage can mediate creativity and innovation on marketing performance at BPJS Ketenagakerjaan in Makassar City.

Analisis Kinerja Keuangan Pada PT Pelabuhan Indonesia (Persero) Regional 4 Rachman, Abdul; Sapiri, Muhtar; Setiawan, Adil
ACCESS: Journal of Accounting, Finance and Sharia Accounting Vol. 3 No. 1 (2025): ACCESS: Journal of Accounting, Finace and Sharia Accounting, April 2025
Publisher : Program Studi Akuntasi Universitas Bosowa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56326/access.v3i1.2546

Penelitian ini bertujuan untuk menganalisis kinerja keuangan PT Pelabuhan Indonesia (Persero) Regional 4 Makassar periode 2018–2021 berdasarkan standar penilaian kinerja BUMN. Analisis dilakukan melalui delapan rasio keuangan utama yang mencakup aspek profitabilitas, likuiditas, efisiensi, dan struktur permodalan. Hasil penelitian menunjukkan bahwa secara umum kinerja keuangan perusahaan berada dalam kategori cukup baik dan stabil, meskipun terdapat fluktuasi pada beberapa indikator seperti ROI dan TATO. Likuiditas dan efisiensi pengelolaan aset menunjukkan hasil optimal, sementara struktur permodalan memerlukan penguatan. Temuan ini memberikan gambaran bahwa perusahaan telah memenuhi sebagian besar standar kinerja BUMN, namun diperlukan strategi lanjutan untuk meningkatkan daya saing dan keberlanjutan. This study aims to analyze the financial performance of PT Pelabuhan Indonesia (Persero) Regional 4 Makassar for the period 2018–2021 based on the State-Owned Enterprises (SOE) performance assessment standards. The analysis was carried out through eight key financial ratios covering profitability, liquidity, efficiency, and capital structure aspects. The results show that, in general, the company's financial performance is in a fairly good and stable category, although there were fluctuations in several indicators such as ROI and TATO. Liquidity and asset management efficiency showed optimal results, while the capital structure requires strengthening. These findings indicate that the company has met most of the SOE performance standards; however, further strategies are needed to improve competitiveness and sustainability.

Navigating the Uncharted: Identifying Theoretical Gaps in Global Financial Strategies and Their Strategic Implications Sapiri, Muhtar
Golden Ratio of Data in Summary Vol. 5 No. 3 (2025): May - July
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grdis.v5i3.1519

This study explores the theoretical misalignments in contemporary global financial strategies amid rapidly evolving digital, geopolitical, and sustainability-driven dynamics. The objective is to identify where and why classical financial theories—such as the Capital Asset Pricing Model, agency theory, Modigliani–Miller propositions, and mean-variance portfolio optimization—fail to account for the strategic behaviors observed in today's financial ecosystems. Employing a qualitative, literature-based research design, the study integrates 142 scholarly and institutional sources published between 2015 and 2025. Through a reflexive thematic analysis, the research identifies four critical domains of theory–practice divergence: digital disequilibrium, geopolitical asymmetry, sustainability valuation gaps, and behavioral–algorithmic reflexivity. The findings demonstrate that digital finance introduces endogenous structural risks unmodeled in traditional frameworks; geopolitical fragmentation has shifted capital structure choices away from open-market logic; ESG integration significantly influences firm valuation and cost of capital, challenging existing models; and the rise of machine learning and behavioral feedback loops undermines rational-agent assumptions. These insights reveal the necessity for a paradigm shift in financial theory—toward models that are adaptive, multi-dimensional, and reflective of technological and systemic complexity. The study concludes that without theoretical evolution, strategic financial decisions risk being anchored to outdated assumptions, leading to suboptimal risk management and value creation. The implications extend to scholars, managers, and regulators seeking to realign financial strategy with emerging global realities.

Smart Financial for Moms: Meningkatkan Literasi Keuangan Ibu Rumah Tangga demi Keuangan Keluarga yang Sehat Sapiri, Muhtar; Hasanah, Nurul; Rahmawati, Herni Utami; Budiastuti, Susanti; Guntoro, Guntoro
JIPITI: Jurnal Pengabdian kepada Masyarakat Vol. 2 No. 3 (2025): Agustus 2025 - JIPITI: Jurnal Pengabdian kepada Masyarakat
Publisher : PT. Technology Laboratories Indonesia (TechnoLabs)

Show Abstract | Download Original | Original Source | Check in Google Scholar

Kegiatan pengabdian kepada masyarakat ini bertujuan untuk meningkatkan literasi keuangan ibu rumah tangga melalui program edukatif bertajuk Smart Financial for Moms. Rendahnya pemahaman ibu rumah tangga terhadap pengelolaan keuangan keluarga menjadi salah satu faktor utama ketidakstabilan ekonomi rumah tangga, terutama di kalangan masyarakat menengah ke bawah. Kegiatan ini dilaksanakan di Kecamatan Purwokerto, dengan melibatkan 40 ibu rumah tangga sebagai peserta utama. Metode pelaksanaan meliputi penyuluhan interaktif, pelatihan pencatatan keuangan sederhana, simulasi perencanaan anggaran, dan pendampingan evaluatif selama dua minggu pasca-pelatihan. Materi yang disampaikan mencakup prinsip dasar literasi keuangan, pengelolaan pemasukan dan pengeluaran, pengenalan produk keuangan dasar (seperti tabungan dan asuransi), serta strategi menghadapi kondisi darurat finansial. Hasil kegiatan menunjukkan peningkatan signifikan dalam pemahaman peserta terhadap konsep literasi keuangan. Selain itu, sebagian besar peserta menyatakan telah menerapkan pencatatan keuangan harian dan menyusun anggaran belanja keluarga secara mandiri. Program ini menunjukkan bahwa edukasi finansial yang terstruktur dan aplikatif mampu memberdayakan ibu rumah tangga dalam mengelola keuangan keluarga secara lebih bijak, serta mendukung terciptanya ketahanan ekonomi rumah tangga.

Analisis Dampak Penerapan Tarif Perhitungan Pajak Pertambahan Nilai Menurut Undang-Undang Nomor 7 Tahun 2021 tentang Harmonisasi Peraturan Perpajakan terhadap Kinerja Keuangan pada Pt Aria Jasa Konsultan Hidayatullah, Rahmat; Sapiri, Muhtar; karim , Abdul
ACCESS: Journal of Accounting, Finance and Sharia Accounting Vol. 3 No. 2 (2025): ACCESS: Journal of Accounting, Finace and Sharia Accounting, Agustus 2025
Publisher : Program Studi Akuntasi Universitas Bosowa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56326/access.v3i2.2545

Penelitian ini bertujuan untuk menganalisis dampak substansial dari implementasi tarif Pajak Pertambahan Nilai (PPN) yang diatur dalam Undang-Undang Nomor 7 Tahun 2021 tentang Harmonisasi Peraturan Perpajakan (UU HPP) terhadap kinerja keuangan PT Aria Jasa Konsultan. Dengan menggunakan pendekatan analisis kualitatif deskriptif, studi ini menelaah data-data primer dan sekunder, termasuk laporan pajak dan wawancara mendalam dengan pihak internal perusahaan, untuk memahami secara holistik bagaimana perubahan regulasi ini memengaruhi operasional dan profitabilitas. Temuan utama menunjukkan bahwa penerapan tarif PPN sebesar 11% yang mulai berlaku pada 1 April 2022 telah secara langsung berdampak signifikan pada struktur pendapatan dan laba perusahaan. Perhitungan PPN oleh PT Aria Jasa Konsultan telah sesuai dengan peraturan perundang-undangan yang baru, dan pencatatan akuntansinya konsisten dengan Standar Akuntansi Keuangan yang berlaku. Namun, kenaikan tarif ini mengakibatkan penurunan data penjualan dan laba bersih pada tahun 2022 dibandingkan tahun sebelumnya, terutama karena adanya pekerjaan yang dikontrak dengan tarif lama (10%) tetapi pembayarannya diterima setelah tarif baru berlaku. Meskipun demikian, perusahaan berhasil mengatasi tantangan ini melalui komunikasi yang efektif dengan klien. Hasil penelitian ini menggarisbawahi pentingnya adaptasi strategis perusahaan terhadap perubahan kebijakan fiskal untuk menjaga keberlanjutan kinerja keuangan. Penelitian ini juga memberikan kontribusi empiris dalam memahami respons sektor swasta terhadap harmonisasi peraturan perpajakan di Indonesia, serta implikasinya pada praktik manajemen keuangan dan pengambilan keputusan strategis di tingkat korporasi. Implikasi praktis dari temuan ini relevan bagi para manajer keuangan dan pembuat kebijakan. This study aims to analyze the substantial impact of the implementation of the Value Added Tax (VAT) rate regulated by Law Number 7 of 2021 concerning the Harmonization of Tax Regulations (UU HPP) on the financial performance of PT Aria Jasa Konsultan. Using a descriptive qualitative analysis approach, this study examines primary and secondary data, including tax reports and in-depth interviews with internal company parties, to holistically understand how this regulatory change affects operations and profitability. The main findings show that the application of the 11% VAT rate, which came into force on April 1, 2022, has a direct and significant impact on the company's revenue and profit structure. VAT calculations by PT Aria Jasa Konsultan have been in accordance with the new laws and regulations, and its accounting records are consistent with applicable Financial Accounting Standards. However, this rate increase resulted in a decrease in sales and net profit data in 2022 compared to the previous year, especially due to work contracted with the old rate (10%) but payment was received after the new rate came into effect. Even so, the company managed to overcome this challenge through effective communication with clients. The results of this study underscore the importance of strategic corporate adaptation to fiscal policy changes to maintain sustainable financial performance. This research also provides an empirical contribution to understanding the private sector's response to the harmonization of tax regulations in Indonesia, as well as its implications for financial management practices and strategic decision-making at the corporate level. The practical implications of these findings are relevant for financial managers and policymakers.

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