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All Journal Journal of Business and Management Jurnal Tata Kota dan Daerah Journal of Business Management Education (JBME) Sebatik Jurnal Riset Bisnis dan Investasi Jurnal Maps (Manajemen Perbankan Syariah) JATI EMAS (Jurnal Aplikasi Teknik dan Pengabdian Masyarakat) Journal of Tourism Sustainability Jurnal Transportasi Multimoda Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Journal Research of Social Science, Economics, and Management Prosiding Seminar Nasional Pengabdian Masyarakat Journal Integration of Social Studies and Business Development Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Jurnal Pengabdian UMKM Mandalika Journal of Business and Management Studies Jurnal Maps (Manajemen Perbankan Syariah) Journal Integration of Management Studies Journal of Tourism, Hospitality and Travel Management (JTHTM)
Afgani, Kurnia Fajar
School Of Business And Management Institut Teknologi Bandung
Arts Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Medicine & Pharmacology Public Health Social Sciences Transportation Other

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Utilizing AI In Indonesia's Financial Sector: Strategies For Inclusive Economic Development Rahadi, Raden Aswin; Afgani, Kurnia Fajar; Hakam, Dzikri Firmansyah; Anggoro, Yudo; Boediman, Alfred; Indrayana, Gun Gun; Susanto, Eko
Journal Integration of Social Studies and Business Development Vol. 3 No. 1 (2025)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jissbd.v3i1.286

Abstract

The paper explores the revolutionary potential of Artificial Intelligence (AI) in Indonesia's financial ecosystem, highlighting its capacity to improve operational efficiency, foster financial inclusion, and tackle specific socio-economic concerns. This study emphasizes Indonesia's varied demographic and digital environment, illustrating how AI-driven innovations like decentralized finance (DeFi), predictive analytics, and blockchain integration transform financial products to cater to disadvantaged people. This study utilizes over 20 scholarly publications and international case studies to highlight the strategic significance of promoting ethical AI practices, mitigating algorithmic bias, and closing infrastructural and talent disparities to achieve sustainable and inclusive economic growth. The results support implementable methods, such as public-private collaborations, strong regulatory structures, and AI-driven individualized financial solutions, to optimize the advantages of digital transformation in Indonesia's financial industry. Future research must emphasize empirical investigations into AI's capacity to mitigate financial inequalities and stimulate regional innovation, thereby establishing Indonesia as a frontrunner in AI-facilitated economic transformation.
Financial Management Behavior of Micro-Businesses in Tourism Destinations: A Qualitative Study Boediman, Alfred; Susanto, Eko; Afgani, Kurnia Fajar; Rahadi, Raden Aswin
Journal of Tourism, Hospitality and Travel Management Vol. 2 No. 1 (2024)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jthtm.v2i1.300

Abstract

This study explores the financial management behavior of micro-businesses in tourism destinations across West Java, Indonesia. Using a qualitative descriptive approach, data were collected through in-depth interviews and observations of eight micro-entrepreneurs operating in Pangandaran, Lembang, Ciwidey, Ciletuh Geopark, and Puncak. The findings reveal that financial management practices are predominantly informal, with minimal record-keeping, mixing personal and business finances, and reliance on daily cash flow. Low financial literacy, seasonal income fluctuations, and psychological biases such as loss aversion and overconfidence shape these behaviors. Micro-businesses tend to avoid formal financial institutions due to perceived complexity, fear of debt, and limited understanding of financial products, leading to a preference for informal financing sources. The study highlights that these factors weaken financial resilience and hinder business sustainability. Furthermore, limited financial literacy interventions have had minimal impact on changing financial behavior. The research recommends tailored financial literacy programs and access to simplified formal financial services to strengthen micro-business resilience. Addressing knowledge gaps and behavioral tendencies is essential to enhancing financial management practices and supporting micro-enterprises sustainable growth within West Java’s tourism sector.
Digging Companies Crucial Aspect Measurement: Risk Maturity Level, Assessment of XYZ Bank Vincentia; Kurnia Fajar Afgani; Marziana Marzuki
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.14

Abstract

Risk management is an important aspect to be owned by companies and measured through risk maturity level to utilize opportunity and minimize losses in processes with uncertainty or potential for two or more possibilities to happen. This research aims to measure one of the banking state-owned corporations' risk maturity levels to measure implementation, readiness, and maturity, and application of risk management according to Indonesia’s regulations from Otoritas Jasa Keuangan, Kementerian BUMN, and Bank Indonesia regarding risk management in the banking industry. The main framework used is risk maturity level from ISO 31000:2018, with five indicating levels: initial, managed, defined, quantitatively managed, and optimized. This study uses a mixed method in data collection. Primary data will be collected quantitatively through questionnaires for the company employees, and qualitatively through interviews with related divisions, which in this research is the Enterprise Risk Management Division and divisions which are working in the risk management implementation process. While the secondary data will be collected through documents related to risk management processes. All data will be measured through weighting and Analytical Hierarchy Method. To get the company’s risk maturity level, criteria from each level according to ISO 31000:2018 must be fulfilled. As a company in a high-regulated industry and high-risk level due to the trust-based business model and its impact to internal and external parties, the company is expected to have a high level of risk maturity level, which is in level four (quantitatively managed) or level five (optimized). The expected findings from this study are improvements and suggestions for companies who want to increase or maintain their maturity level, and for the next researchers.
The Effect of Liquidity, Leverage, Operating Capacity, Profitability, and Sales Growth as Predictors of Financial Distress : (Property, Real Estate, and Construction Services Companies Listed on the IDX) Agil Krisna Rivanda; Kurnia Fajar Afgani; Radia Purbayati; Marziana Madah Marzuki
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.15

Abstract

This paper begins with analyzing financial ratios by examining the effect of liquidity, leverage, operating capacity, profitability, and sales growth as predictors of firms' financial distress risk. The study employs a statistical method (logit model). Using 38 property, real estate, and construction services firms listed on the Indonesia Stock Exchange between 2016 and 2022, 646 observations were collected and analyzed using logistic regression. The results show that leverage, operating capacity, and profitability positively and significantly influenced predicting financial distress risk, while liquidity and sales growth do not affect predicting financial distress risk. The result of model calcification accuracy is 84%; this shows that the model can accurately predict the financial distress risk of property, real estate, and construction services companies in the study period of 543 observations from 646 observations or 84%. This study concludes that profitability, leverage, and operating capacity influence the financial distress risk on property, real estate, and construction services companies.
The Impact of Super Apps Usage on Financial Literacy and Financial Behavior of Generation Z in Indonesia: A Literature Synthesis Tabina Azzahra; Kurnia Fajar Afgani
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.32

Abstract

Based on a literature review, this study explores the relationship between financial technology, financial literacy, and financial behavior. The findings suggest that financial technology is interconnected with financial literacy and behavior. Future research using quantitative or qualitative studies is recommended to investigate this relationship further. The proposed conceptual model can be utilized to examine the impact of super apps on Generation Z's financial literacy and financial behavior in Indonesia. This study contributes to the existing body of knowledge by shedding light on the potential implications of financial technology on individuals' financial knowledge and behaviours, particularly among the younger generation.
Developing Sustainability Practices Reporting Measurement Framework For Islamic Banks in Indonesia: A Literature Synthesis Hanisfy, Ghanef Rayyan; Afgani, Kurnia Fajar
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.33

Abstract

This study aims to develop a theoretical model and measurement framework for reporting sustainability practices in Islamic banks in Indonesia. A survey of 58 selected works of literature was conducted to identify key concepts and insights related to sustainability, social, economic, and environmental dimensions. The theoretical model incorporates these sustainability values and aligns them with Maqasid Al-Sharia, the objectives and principles of Islamic law. By integrating these principles, the model ensures that Islamic banks' sustainability practices in Indonesia are socially, economically, and ethically responsible. The measurement framework facilitates assessing and reporting sustainability practices, enabling Islamic banks to evaluate their social, economic, and environmental impact. This study contributes to sustainable banking by providing a comprehensive model and framework tailored to Islamic banks, promoting transparency, accountability, and responsible finance in Indonesia.
The Identification of Potential Rafting Tourism Products in Citepok Village, Sumedang Regency, West Java Province Satriani Siti Nurlaila; Eko Susanto; Kurnia Fajar Afgani
Journal of Tourism Sustainability Vol. 1 No. 1 (2021): Volume 1 Number 1 (2021)
Publisher : Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/jtos.v1i1.3

Abstract

Sumedang Regency is a natural, historical and cultural tourist destination. There are still many tourism potentials that have not been built and developed optimally. The natural resources of the Sumedang regency in rivers can be used as unique interest tourism resources, namely rafting. These resources can support the vision and mission of tourism in Sumedang regency who want to build their territory as a natural, historical and cultural tourism destination and special interests that are well known both nationally and internationally. To find out the potential of research conducted with the title Of Analysis of Tourism Product Potential in Sumedang Regency. The method of research conducted is qualitative. Data collection methods include observation, interviews, documentation and library studies. While the data analysis techniques used are descriptive. The results showed that, especially in the Cipeles river, Citepok village could develop rafting tourism products. The unique attraction of the Cipeles river is that the river flow is in grade 2 rafting path and a line flanked by beautiful rock cliffs. Tourist facilities such as inns and restaurants are adequate. Additional services such as financial, security, health and rafting services are available around Citepok village.
ANALYZING THE FINANCIAL FEASIBILITY OF PT. CROWN TEKNOLOGI INDONESIA'S MEDICAL GLOVE PRODUCTION EXPANSION Dewi, Rahma Ilahi Sari; Afgani, Kurnia Fajar
Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Vol. 3 No. 1 (2024): Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi
Publisher : Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi

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

Abstract

This feasibility study examines the expansion of PT. Crown Teknologi Indonesia (CTI) into the production of medical gloves, a market segment showing significant growth due to increased global awareness of infection control and the rising demand for healthcare products. The study evaluates the financial viability, market potential, and associated risks of establishing a new production facility in Padang, Indonesia, scheduled to begin operations in 2028. The market analysis reveals strong demand for medical gloves in the Asia-Pacific region, projected to grow at a compound annual growth rate (CAGR) of 11.1% from 2022 to 2029, with Indonesia's market expected to expand from USD 40.951 million in 2022 to USD 70.100 million by 2029. CTI’s new facility will produce high-quality nitrile gloves, crucial for maintaining hygiene standards in healthcare settings. Financial projections indicate the project's attractiveness, with a net present value (NPV) of IDR 461.56 billion, an internal rate of return (IRR) of 25.30%, profitability index of 25.30%, a payback period of 7.15 years, and discounted payback period of 8.83 years, all of which affirm the project’s profitability and alignment with CTI's strategic goals. The study concludes that this expansion is not only financially feasible but also strategically beneficial, positioning CTI to capitalize on growing market opportunities while contributing to the enhancement of Indonesia's healthcare infrastructure.
Analisis Keuangan dan Risiko Perusahaan Transportasi Angkutan Darat Selama Pandemi COVID-19 Nainggolan, Yunieta Anny; Syaputri, Annisa Rizkia; Afgani, Kurnia Fajar; Purbayati, Radia; Subaryata, Subaryata
Jurnal Transportasi Multimoda Vol 21 No 2 (2023): Desember
Publisher : Sekretariat Badan Kebijakan Transportasi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25104/mtm.v21i2.2133

Abstract

Pandemi COVID-19 yang terjadi sejak awal tahun 2020 menyebabkan mobilitas masyarakat menurun secara drastis yang menyebabkan penurunan volume penumpang dan berdampak pada kelangsungan bisnis operator transportasi angkutan penumpang. Berbagai upaya dilakukan pemerintah untuk dapat mengendalikan penyebaran virus dengan anjuran berkegiatan di rumah. Selain anjuran tersebut, pemerintah juga mewajibkan penerapan protokol kesehatan yang ketat terutama di area public, termasuk transportasi umum. Hal tersebut berdampak pada biaya operasional kendaraan (BOK) operator bisnis transportasi. Penelitian ini bertujuan untuk mengidentifikasi kondisi keuangan dan risiko operator transportasi angkutan darat selama pandemi COVID-19 yang dilihat dari tiga aspek, yaitu struktur biaya, rasio keuangan dan risiko. Data yang dikumpulkan diperoleh melalui Focus Group Discussion (FGD) dan berbagai sumber daring. Hasil penelitian ini menunjukkan bahwa struktur biaya sangat memengaruhi pendapatan operator dikarenakan adanya biaya penerapan protokol kesehatan. Identifikasi rasio keuangan memprediksi terjadinya penurunan kinerja sebagai dampak pandemi. Hasil identifikasi risiko menunjukkan bahwa risiko paling tinggi adalah penurunan pendapatan dan terjadinya kredit macet serta meningkatnya biaya operasional. Hasil penelitian ini diharapkan dapat menjadi dasar bagi operator bisnis transportasi angkutan darat dalam menyusun strategi selama masa pendemi. Selain itu, penelitian ini diharapkan dapat menjadi dasar pertimbangan bagi pemerintah untuk memberikan stimulus agar operator dapat menjalankan bisnisnya. Adapun stimulus yang direkomendasikan adalah berupa subsidi biaya protokol kesehatan, subsidi perizinan serta keringanan pajak dan pinjaman.
REGENERATIVE CITIES: ECONOMIC MODELS AND FINANCIAL STRATEGIES FOR SUSTAINABLE URBAN GROWTH Rahadi, Raden Aswin; Ria, Poeti; Hapsariniaty, Alia Widyarini; Fajar Afgani, Kurnia; Firmansyah Hakam, Dzikri
Tata Kota dan Daerah Vol. 17 No. 2 (2025): Jurnal Tata Kota dan Daerah
Publisher : Department of Urban and Regional Planning, Faculty of Engineering, Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.takoda.2025.017.02.9

Abstract

As urbanization accelerates amidst the escalating climate crisis, the paradigm is shifting from reactive to proactive response through regenerative urbanism. However, while the technical and ecological foundations are standardized, the economic pathways, especially in developing economies, are fragmented. This study bridges that gap by synthesizing foundational theories with recent empirical evidence (2022 – 2025) to construct a cohesive strategic framework for financing regenerative cities. Findings indicate that regenerative urbanism has evolved from a theoretical ideal into a pragmatic economic strategy applicable across diverse urban contexts. By leveraging advanced technological tools—such as AI-assissted spatial analysis and standardized valuation models—cities can now quantify and monetize “hidden” ecosystem services, transforming them into bankable assets that attract global institutional investment. Both external and internal financial instruments, such as Green Bonds and Land Value Capture (LVC), are proven applicable towards diverse urban contexts. Crucially, the research emphasizes on strong alignment between financial innovation and regulatory framework to ensure a successful regenerative urbanism transition. Policymakers must harmonize regulatory frameworks to resolve policy incoherence, ensuring that regenerative initiatives achieve substantive outcomes rather than mere procedural compliance. Ultimately, this study positions regenerative cities not just as ecological necessities, but as competitive, self-sustaining economic hubs for the future.
Co-Authors Adam Aliya Silmi Adha, Augusta Agil Krisna Rivanda Agil Krisna Rivanda Alda Ricederia Ali, Qaisar Anggoro, Yudo Annisa Rizkia Syaputri Asep Darmansyah Astari, Airen Widhia Ayudiatri, Safira Boediman, Alfred Dematria Pringgabayu Desy Kharohmayani Dewi, Rahma Ilahi Sari Eko Susanto Firmansyah Hakam, Dzikri Fitria Rahayu Khaerani Fitria Rahayu Khaerani Fitriana Dewi, Emilia Fitrianda, Saldy Hakam, Dzikri Firmansyah Halim, Robbyson Hana, Felicia Hanisfy, Ghanef Rayyan Hapsariniaty, Alia Widyarini Hardjakaprabon, Raden Bayuningrat Hifzhan Frima Thousani, Hifzhan Frima Indrayana, Gun Gun Irawan, Gendis Ayu Satiti Januarti Jaya Ekaputri Kusbiantoro, Andri Laory, Irwanda Louis, Evannia Immanuel Marziana Madah Marzuki Marziana Marzuki Mega Fitriani Adiwarna Prawira Mirzanti, Isti Raafaldini Octaviani Ratnasari Santoso Pramuwidyatama, Muchammad Gumilang Purbayati, Radia Putri, Alya Indira Raden Aswin Rahadi Radia Purbayati Radia Purbayati Rahadi, Raden Aswin Raihani, Atika Fatka Rasyad, Rafi Kennaufal Ria, Poeti Ricederia, Alda Ricederia, Alda Rivanda, Agil Krisna Satriani Siti Nurlaila Satriani Siti Nurlaila Septyandi, Chandra Budhi Setiamarga, Davin H. E. Subaryata, Subaryata Suryana, Marceilla Sutardi, Acip Syaputri, Annisa Rizkia Syifaa Novianti Tabina Azzahra Tantuayo, Fairuuz Fawwas Alfarizi Vincentia Yani Pujiwati Yunieta Anny Nainggolan, Yunieta Anny