Article Per Year (5 Year)
p-Index From 2020 - 2025
4.158
P-Index
This Author published in this journals
All Journal Narra X Journal of Computing Theories and Applications Leuser Journal of Environmental Studies Ekonomikalia Journal of Economics Journal of Educational Management and Learning Infolitika Journal of Data Science Indatu Journal of Management and Accounting The International Journal of Financial Systems Grimsa Journal of Business and Economics Studies Journal of Future Artificial Intelligence and Technologies
Hardi, Irsan
Unknown Affiliation
Agriculture, Biological Sciences & Forestry Biochemistry, Genetics & Molecular Biology Chemistry Computer Science & IT Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Energy Engineering Environmental Science Immunology & microbiology Languange, Linguistic, Communication & Media Materials Science & Nanotechnology Mathematics Medicine & Pharmacology Physics Public Health Social Sciences Other

Published : 31 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 10 Documents
Search
Journal : Indatu Journal of Management and Accounting

 1 
Credit Card Fraud Detection for Contemporary Financial Management Using XGBoost-Driven Machine Learning and Data Augmentation Techniques Noviandy, Teuku Rizky; Idroes, Ghalieb Mutig; Maulana, Aga; Hardi, Irsan; Ringga, Edi Saputra; Idroes, Rinaldi
Indatu Journal of Management and Accounting Vol. 1 No. 1 (2023): September 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v1i1.78

Abstract

The rise of digital transactions and electronic payment systems in modern financial management has brought convenience but also the challenge of credit card fraud. Traditional fraud detection methods are struggling to cope with the complexities of contemporary fraud strategies. This study explores the potential of machine learning, specifically the XGBoost (eXtreme Gradient Boosting) algorithm, combined with data augmentation techniques, to enhance credit card fraud detection. The research demonstrates the effectiveness of these techniques in addressing imbalanced datasets and improving fraud detection accuracy. The study showcases a balanced approach to precision and recall in fraud detection by leveraging historical transaction data and employing techniques like Synthetic Minority Over-sampling Technique-Edited Nearest Neighbors (SMOTE-ENN). The implications of these findings for contemporary financial management are profound, offering the potential to bolster financial integrity, allocate resources effectively, and strengthen customer trust in the face of evolving fraud tactics.
Assessing the Linkage Between Sustainability Reporting and Indonesia’s Firm Value: The Role of Firm Size and Leverage Hardi, Irsan; Idroes, Ghalieb Mutig; Hardia, Natasha Athira Keisha; Fajri, Irfan; Furqan, Nurul; Noviandy, Teuku Rizky; Utami, Resty Tamara
Indatu Journal of Management and Accounting Vol. 1 No. 1 (2023): September 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v1i1.79

Abstract

Sustainability reporting is widely regarded as an essential factor in enhancing a firm's value. In light of its importance, this study examines the impact of three sustainability reporting indicators - sustainability reporting disclosure, sustainability reporting index, and sustainability reporting score - on firm value, as well as determining the role of firm size and leverage. Utilizing a sample of 200 companies listed on the Indonesia Stock Exchange (IDX) during the research period from 2013 to 2021, the results of panel data regression reveal that two of the three indicators have a significant impact on firm value. Specifically, the sustainability reporting index exerts a positive impact, while the sustainability reporting score has a negative effect on firm value. Furthermore, path analysis estimations reveal that sustainability reporting mediates the positive relationship between firm size and firm value. This study's empirical findings underscore that sustainability reporting plays a pivotal role in shaping a firm's value, and these insights can be valuable for businesses and investors seeking to understand the financial implications associated with sustainability reporting.
Dynamic Impact of Inflation and Exchange Rate in Indonesia's Top 10 Market Capitalization Companies: Implications for Stock Prices Hardi, Irsan; Idroes, Ghalieb Mutig; Utami, Resty Tamara; Dahlia, Putri; Mirza, Muhammad Alfin Falha; Humam, Rais Aulia; Chairunnisa, Rizka; Hardia, Natasha Athira Keisha; Mahdani, Rimal
Indatu Journal of Management and Accounting Vol. 1 No. 2 (2023): December 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v1i2.110

Abstract

Macroeconomic factors are widely believed to have a crucial role in affecting a company's financial health and, ultimately, its stock price. The study addresses this important issue by investigating the long-term impact of inflation and exchange rates on firm stock prices. This study adopts both panel and cross-firm modeling, along with a dynamic approach, which no prior study has ever conducted in Indonesia’s top 10 market capitalization companies. It utilizes monthly data spanning from September 2008 to August 2023. To generate insights into long-term effects, the study applies the Dynamic Ordinary Least Squares (DOLS) method, with a robustness check using the Fully-Modified Ordinary Least Squares (FMOLS) method. The econometric estimations yield results that are consistent with the hypotheses, indicating that the rise in inflation levels has a negative effect, while the strengthening of the domestic currency in exchange rates positively influences firm stock prices in the long term. This implies that investors should carefully assess and navigate inflationary environments, consider diversifying their portfolios across industries and international markets, and maintain a long-term perspective when making investment decisions in the unique context of Indonesia's market landscape.
Refining ESG Disclosure's Role in Corporate Economic, Environmental, and Social Sustainability Performance Ray, Samrat; Hardi, Irsan
Indatu Journal of Management and Accounting Vol. 2 No. 1 (2024): June 2024
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v2i1.144

Abstract

This research examines the complexities of corporate sustainability, exploring the interconnections between environmental, social, and governance (ESG) disclosure, corporate governance frameworks, investor engagement in ESG practices, and sustainability performance improvements. Regression analysis were employed to analyze data collected from 121 participants across various professions in India. The findings indicate that ESG disclosures have an impact on the Sustainability Performance Transformation Index (SPTI), suggesting that disclosures alone may not necessarily lead to improved sustainability. Additionally, SPTI was found to be correlated with company management practices and investor engagement in ESG issues. The model demonstrates strong explanatory power (R2 = 0.979), underscoring the importance of adopting multidisciplinary methodologies for achieving lasting transformation. The conclusions drawn from this study offer insights that businesses, investors, and policymakers can leverage to strike a balance between long-term sustainability objectives and economic development.
Business Confidence in Indonesia: Which Macroeconomic Factors Have Long-Term Impact? Hardi, Irsan; Ali, Najabat; Duwal, Niroj; Devi, N. Chitra; Mardayanti, Ulfa; Idroes, Ghalieb Mutig
Indatu Journal of Management and Accounting Vol. 2 No. 1 (2024): June 2024
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v2i1.203

Abstract

Business confidence refers to the level of optimism or pessimism that business owners have about the prospects of their companies and the overall economy. Thus, the focus of this study is to examine the long-term impact of various macroeconomic factors—economic growth, government expenditure, interest rates, inflation, exchange rates, and the composite stock price index—on the business confidence index in Indonesia by utilizing monthly data from January 2009 to December 2022. We employ Dynamic Ordinary Least Squares (DOLS) and Fully-Modified Ordinary Least Squares (FMOLS) as the main methods, with Canonical Cointegrating Regressions (CCR) as a robustness check method. The study also utilizes pairwise Granger causality tests for a comprehensive analysis. The findings indicate that all macroeconomic factors significantly impact the business confidence index in the long term across all methodologies. Specifically, economic growth, inflation, and the composite stock price index exert a positive impact, while government expenditure, interest rates, and exchange rates indicate a negative impact on the business confidence index. This evidence emphasizes the importance for businesses to diligently monitor macroeconomic trends and understand the patterns in these indicators so that companies can better anticipate changes in business sentiment. Taking a long-term perspective when making strategic decisions and investments is also advisable, recognizing that the influence of macroeconomic factors on business confidence may be more pronounced over time.
Consumer Confidence and Economic Indicators: A Macro Perspective Hardi, Irsan; Ray, Samrat; Duwal, Niroj; Idroes, Ghalieb Mutig; Mardayanti, Ulfa
Indatu Journal of Management and Accounting Vol. 2 No. 2 (2024): December 2024
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v2i2.241

Abstract

This study examines the impact of the determinants of consumer confidence in Indonesia, one of the largest consumer markets in the world. Various macroeconomic factors are assessed, including economic growth, government expenditure, the consumer price index, interest rates, unemployment, and stock price index, using monthly data from January 2009 to December 2022. The study employs the Autoregressive Distributed Lag (ARDL) model as the primary method, with robustness checks using Fully Modified Ordinary Least Squares (FMOLS) and Canonical Cointegrating Regressions (CCR). The results indicate that all selected factors significantly influence consumer confidence, particularly from a long-term perspective. Economic growth and unemployment have a positive impact, while government expenditure, the consumer price index, interest rates, and stock prices exert a negative effect. These findings suggest that businesses should align their strategies with economic trends to capitalize on periods of strong consumer sentiment and mitigate risks during downturns. Simultaneously, policymakers should prioritize effectively managing key macroeconomic factors to sustain and enhance overall consumer confidence.
Starting a Business: A Focus on Construction Permits, Electricity Access, and Property Registration Hardi, Irsan; Nghiem, Xuan-Hoa; Suwal, Sunil; Ringga, Edi Saputra; Marsellindo, Rio; Idroes, Ghalieb Mutig
Indatu Journal of Management and Accounting Vol. 2 No. 2 (2024): December 2024
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v2i2.245

Abstract

Efficient processes for construction permits, electricity access, and property registration are critical to fostering entrepreneurship and economic growth. Delays, high costs, and bureaucratic inefficiencies in these areas pose significant barriers to business start-ups. This study examines the impact of these factors on starting a business, highlighting their role in shaping formal economic activity and business dynamics. By applying methods such as the Generalized Linear Model (GLM), Robust Least Squares (RLS), and Quantile Regressions (QR) to data from 213 countries and cities featured in the World Bank’s Doing Business 2019 (DB19) and Doing Business 2020 (DB20) reports, this paper demonstrates that all three factors significantly and positively impact starting a business. Notably, a comparison of results between DB19 and DB20 reveals that the magnitude of these influences decreased in DB20, with some effects becoming less significant or even insignificant compared to DB19. This phenomenon is most apparent in countries with middle-to-high starting a business scores. The findings suggest that shocks like the COVID-19 pandemic may have reduced the relevance of these factors in DB20, as the increased risks associated with starting a business during the pandemic likely overshadowed these considerations. Overall, the results indicate that streamlining construction permits, improving electricity access, and simplifying property registration processes could significantly enhance entrepreneurial activity, drive economic growth, and foster a more dynamic business environment.
The Impact of Credit Access on Economic Growth in SEA Countries Idroes, Ghalieb Mutig; Maulidar, Putri; Marsellindo, Rio; Afjal, Mohd; Hardi, Irsan
Indatu Journal of Management and Accounting Vol. 2 No. 2 (2024): December 2024
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v2i2.256

Abstract

Access to credit serves as a vital catalyst for economic growth, allowing individuals, enterprises, and governments to fund investments, maintain consumption stability, and encourage productive endeavors. Economic growth is fundamental to sustainable development, enhancing living standards, and promoting innovation. This study investigates the impact of credit access on economic growth in Southeast Asia (SEA) countries using monthly data from 2014 to 2020. By applying the Fully Modified Ordinary Least Squares (FMOLS) method, along with robustness checks using the Dynamic Ordinary Least Squares (DOLS) technique, this study includes essential control variables such as capital, labor, and technology. The results reveal that credit access has a positive impact on economic growth, while capital and technology also contribute positively to economic growth. Conversely, labor shows a negative impact on economic growth within the region. These results are consistent across both the FMOLS and DOLS analyses. Based on these findings, Southeast Asian policymakers ought to facilitate credit accessibility by making loan applications more straightforward, minimizing bureaucratic obstacles, and providing lower interest rates, especially for small enterprises and marginalized communities. Moreover, encouraging financial institutions to lend more liberally and utilizing digital platforms can expand access. Additionally, investing in technology, improving capital formation, and tackling labor market challenges will more effectively align with the region's growth path.
Do Business Conditions Drive FDI Inflows? A Decomposition Analysis Using B-READY Indicators Hardi, Irsan; Çoban, Mustafa Necati; Maulana, Ar Razy Ridha; Idroes, Ghalieb Mutig; Mardayanti, Ulfa
Indatu Journal of Management and Accounting Vol. 3 No. 1 (2025): June 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v3i1.303

Abstract

Foreign direct investment (FDI) is essential for economic development and business sustainability, and understanding the business conditions that attract it remains a key policy concern. This study adopts a decomposition approach by examining the impact of various B-READY indicators on FDI inflows in separate models, using cross-sectional data from 45 countries. To ensure methodological rigor, it applies three Robust Least Squares (RLS) estimation techniques: M-type, S-type, and MM-type. The findings reveal that six out of ten B-READY indicators exert a positive and statistically significant influence on FDI inflows. The significant B-READY indicators, such as business insolvency, dispute resolution, international trade, labor, market competition, and taxation, highlight critical factors that businesses consider when entering or expanding in foreign markets. These insights offer valuable guidance and practical implications not only for policymakers seeking to strengthen national investment environments, but also for businesses evaluating market readiness and investment risks in foreign economies.
Firm-Level and Public-Sector Corruption Perceptions: The Nexus Hardi, Irsan; Adam, Muhammad; Ringga, Edi Saputra
Indatu Journal of Management and Accounting Vol. 3 No. 1 (2025): June 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v3i1.310

Abstract

Understanding how firm-level corruption shapes national corruption perceptions is crucial for both policymakers and businesses, as it provides evidence to strengthen governance frameworks and foster integrity-driven corporate environments. This study investigates the relationship between firm-level corruption experiences and the Corruption Perceptions Index (CPI), a widely used measure of perceived public-sector corruption. Three indicators from the World Bank Enterprise Surveys are used to capture firm-level corruption: firms’ bribery incidence, gifts to tax officials, and informal payments to public officials. The analysis covers data from 36 countries and employs a rigorous methodological approach, including mean-based estimation techniques such as Gaussian Generalized Linear Models (Gaussian GLM) and Robust Least Squares (RLS), as well as Bootstrap Quantile Regression (BQR). The Gaussian GLM and RLS results indicate that all three indicators have a significant negative impact on the CPI, meaning that more frequent occurrences of these firm-level corrupt practices are associated with lower CPI scores, which reflect higher perceived levels of corruption. The BQR analysis further reveals that the negative impact of two firm-level corruption indicators, bribery incidence and gifts to tax officials, is concentrated in the lower quantiles, indicating a stronger effect in countries with low CPI scores or higher apparent corruption. These findings underscore the importance of strengthening institutional oversight and promoting business integrity at the firm level, as reducing routine corruption in business interactions can meaningfully enhance a country’s overall corruption perception and institutional credibility.
Co-Authors Afjal, Mohd Al-Gunaid , Hala T. Ali, Najabat Amalina, Faizah Attari, Muhammad Umer Quddoos Bani, Nor Yasmin binti Mhd Bozkaya, Seyma Chairunnisa, Rizka Çoban, Mustafa Necati Dahlia, Putri Devi, N. Chitra Duta, Teuku F. Duwal, Niroj Eddy Gunawan, Eddy Emran, Talha Bin Fajri, Irfan Fazli, Qalbin Salim Fijay, Ade Habya Fumey, Michael Provide Furqan, Nurul Hadiyani, Rahmilia Hafizah, Iffah Hamoud, Lama MA. Hapzi Ali Hardia, Natasha Athira Keisha Hilal, Iin Shabrina HUMAM, RAIS AULIA Idroes , Ghalieb M. Idroes, Ghalieb Mutig Idroes, Ghazi M. Idroes, Ghifari Maulana Idroes, Rinadi Kadri, Mirzatul Khairun Nisa Kusumo, Fitranto Lala, Andi Majid, M. Shabri Abd Majumder, Shapan Chandra Mardayanti, Ulfa Marsellindo, Rio Maulana, Aga Maulana, Ar Razy Ridha Maulidar, Putri Mirza, Muhammad Alfin Falha Mose, Naftaly Muhammad Adam, Muhammad Nghiem, Xuan-Hoa Noviandy, Teuku R. Ray, Samrat Rimal Mahdani Rinaldi Idroes Ringga, Edi Saputra Salimullah, Abul Hasnat Muhammed Saputra, Jumadil Sasmita, Novi Reandy Sikdar, Asaduzzaman Siregar, Muhammad Ilhamsyah Sofyan Syahnur Sofyan, Rahmi Souvia Rahimah Sugeng, Santoso Suriani Suriani Suwal, Sunil T. Zulham Tanchev, Stoyan Teuku Rizky Noviandy Utami, Resty Tamara Zahriah, Zahriah