Article Per Year (5 Year)
p-Index From 2021 - 2026
3.561
P-Index
This Author published in this journals
All Journal Jurnal Keuangan dan Perbankan BAKI (Berkala Akuntansi dan Keuangan Indonesia) EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Jurnal Bisnis dan Manajemen JABM JOURNAL of ACCOUNTING - BUSINESS & MANAGEMENT International Journal of Economics Development Research (IJEDR) Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) Jurnal Manajemen dan Usahawan Indonesia International Journal of Islamic and Social Sciences (ISOS) Indonesian Capital Market Review The South East Asian Journal of Management Journal of Business, Social and Technology Eduvest - Journal of Universal Studies Jurnal Manajemen dan Usahawan Indonesia Journal of Finance and Islamic Banking
Dwi Nastiti Danarsari
Department Of Management, Faculty Of Economics And Business Universitas Indonesia
Religion Aerospace Engineering Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Health Professions Industrial & Manufacturing Engineering Neuroscience Social Sciences Other

Published : 25 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 25 Documents
Search

 1   2   3 
The Impact of Income Diversification and Liquidity Risk on Stability of Conventional Banks In Indonesia Abi Gustama; Dwi Nastiti Danarsari
Eduvest - Journal of Universal Studies Vol. 5 No. 9 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i9.51344

Abstract

This study aims to analyze the effect of income diversification and liquidity risk on the stability of conventional banks in Indonesia, the research of banks listed on Indonesia Stock Exchange during the periode 2014 – 2023 and using panel data regression methods. The results indicate that income diversification has a significant negative effect on bank stability. However, the moderating factors of KBMI 3 and KBMI 4 are able to strengthen the relationship between income diversification and bank stability. Liquidity risk doest not affect bank stability, While KBMI 1 and KBMI 4 are found waken the impact of liquidity risk on stability. In Contrast KBMI 2 strengthen effect of liquidity risk on bank stability. Banks need to carefully consider banking activities in diversifying income an take into account tier capital 1 in mitigating liquidity risk. KBMI as a moderating both income diversification and liquidity risk. To the best of the author's knowledge, KBMI as a moderating variable in the relationship between income diversification and liquidity risk has not been previously examined. The implication of this study highlights the importance of regulatory oversight regarding risk exposure arising from income diversification and the optimization of liquidity within each KBMI category.
The Impact of Digital Transformation and Income Diversification on Banking Stability in Asean-5 Emerging Countries Putri Adellia Oktafianti; Dwi Nastiti Danarsari
Dinasti International Journal of Economics, Finance & Accounting Vol. 6 No. 4 (2025): Dinasti International Journal of Economics, Finance & Accounting (September - O
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v6i4.4798

Abstract

This research aims to analyse the impact of digital transformation and income diversification on banking stability in the ASEAN-5 emerging countries for the period 2014-2023. In recent years, banks are dealing with digital transformation to enhance operational efficiency and offer more innovative financial services, while diversifying revenue through non-interest income sources to reduce their reliance on interest income, which is vulnerable to fluctuations in interest rates. The research employed a purposive sampling method for a sample of 80 institutions in the ASEAN-5 emerging countries (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) that fulfilled certain criteria. The estimation method employed is panel data regression utilizing the Dynamic System Generalized Method of Moments (GMM) —which allows researchers to address endogeneity issues in the relationships between variables— to examine the constructed model. The research results indicate that digital transformation has a negative impact on bank stability and takes time to show its positive impact. This result shows that the adoption of technology requires a significant investment at the beginning of implementation, but over time it will enhance bank's financial stability. Second, low-income diversification tends to decrease bank stability due to reliance on a single source of income, and when banks reach a certain level of income diversification, their stability will increase due to risk spreading. Finally, the moderating effect of income diversification on the relationship between digital transformation and bank stability, indicates that stability significantly increases when banks reach certain levels of income diversification and digital adoption.
THE INFLUENCE OF CSR DISCLOSURE ON DEBT MATURITY STRUCTURE: EVIDENCE FROM INDONESIAN NON-FINANCIAL FIRMS Ahmad Hakim; Dwi Nastiti Danarsari
Berkala Akuntansi dan Keuangan Indonesia Vol. 11 No. 1 (2026): Berkala Akuntansi dan Keuangan Indonesia
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/baki.v11i1.84033

Abstract

Corporate Social Responsibility (CSR) disclosure has become an essential element of modern corporate sustainability practices. Prior research, however, presents conflicting evidence regarding its influence on a firm's debt maturity structure. Some studies argue that CSR disclosure enhances reputation and transparency, strengthening creditor trust and enabling firms to secure more long-term financing. Conversely, other findings suggest that CSR disclosure may lead to overinvestment and unfavorable signaling, potentially prompting firms to rely more on short-term debt. Addressing this gap, this study examines how CSR disclosure influences debt maturity structure in non-financial firms listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023. CSR disclosure is measured using a Global Reporting Initiative (GRI) based index, while debt maturity structure is assessed through the long-term debt to total debt ratio. Using purposive sampling, panel data analysis is conducted through the fixed effect model (FEM) and the panel estimated generalized least squares (EGLS) estimator with cross-section weights, complemented with diagnostic tests. The findings reveal a significant positive relationship between CSR disclosure and debt maturity structure, supporting the view that CSR disclosure enhances credibility and information quality. Additional control variables like leverage, business risk, asset maturity, and interest rate term structure, also significantly influence debt maturity structure decisions. This study contributes to managerial and regulatory insights by demonstrating how CSR disclosure can function as a strategic financing tool to strengthen both sustainability and financial stability.
Oil Price Uncertainty, Market Fluctuations, and ESG on Energy Investment in ASEAN and East Asia Adinda Mayang Kesuma; Dwi Nastiti Danarsari
Journal of Business, Social and Technology Vol. 7 No. 3 (2026): Journal of Business, Social and Technology
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59261/jbt.v7i3.681

Abstract

Background: The energy sector is highly vulnerable to oil price uncertainty, financial market fluctuations, and sustainability demands, making investment decisions increasingly dependent on both economic factors and ESG performance. Objective: This study aims to examine the effects of oil price uncertainty, financial market fluctuations, and ESG performance on the investment policies of oil and gas companies in ASEAN and East Asia. Methods: This study employs a quantitative approach using panel data regression. The sample comprises 35 oil and gas companies listed on stock exchanges in Indonesia, Malaysia, Singapore, Thailand, Vietnam, Japan, China, and South Korea from 2016 to 2024, yielding 315 firm-year observations, of which 260 are available for models including ESG. Investment policy is measured using the ratio of capital expenditure to total assets. Results: Oil price uncertainty has a negative and statistically significant effect on investment policy, both partially (coefficient = −0.1602, p = 0.009) and in the full model (coefficient = −0.1464, p = 0.025). Financial market fluctuations are negative and significant when estimated separately (coefficient = −1.2011, p = 0.035) but become insignificant in the full model once oil price uncertainty is controlled for (coefficient = −0.2546, p = 0.679). ESG performance shows a positive but statistically insignificant coefficient across all specifications (full model: coefficient = 0.0003, p = 0.286). The full model yields a Wald χ² of 13.84 (p = 0.032) with an overall R² of 0.074. Conclusion: Oil price uncertainty is the most dominant and consistent factor constraining corporate investment among energy companies in ASEAN and East Asia, consistent with real options theory.
The Influence of Stock Market and Bond Market Performance on Mutual Fund Assets Under Management Growth in Indonesia Toufan Purnama Yamin; Dwi Nastiti Danarsari
Journal of Business, Social and Technology Vol. 7 No. 3 (2026): Journal of Business, Social and Technology
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59261/jbt.v7i3.683

Abstract

Background: The growth of the mutual fund industry in Indonesia over the last decade has shown significant development, driven by increased financial literacy, the development of financial technology, and the dominance of retail investors in the capital market. Objective: This study aims to analyze the effect of stock market and bond market performance on the growth of mutual fund assets under management in Indonesia, as well as identify the most dominant factor influencing this growth. Methods: The study uses a quantitative approach with monthly time series data from November 2010 to December 2025. The analysis was conducted using the Ordinary Least Squares (OLS) method with Newey-West correction and robustness checks through Robust Regression and Quantile Regression. Results: Stock market performance has a robust and significant effect on the growth of mutual fund assets under management, with an asymmetric response in which the negative return component is the most consistent channel across all three specifications. Bond market performance has a positive effect with moderate empirical support. Stock market volatility is consistently negative in sign but does not reach statistical significance, while bond market volatility shows no systematic effect. The relative dominance test indicates that the difference between the two markets is not statistically significant, so their contributions to the growth of assets under management are relatively balanced. Conclusion: This study contributes to the mutual fund literature in emerging markets through focus on the Indonesian market, which is dominated by retail investors within a fintech APERD ecosystem.
Co-Authors Abi Gustama Adinda Mayang Kesuma Ahmad Hakim Annisa Nuraini Tahir Azhany Rianda Santoso Batubara, Satya Rifansyah Dwi Anggi Novianti Fatwa Aulia Giofani, Fachrizal Husodo, Zaafri Ananto Juwanik Juwanik Kelvin Lily Lenny Suardi Muhammad Rifki Adiyat Novianti, Dwi Anggi Nukman Taufik Oktafianti, Putri Adellia Putri Adellia Oktafianti Ratih Dyah Kusumastuti Retno Ariani Riyan Dwi Saputro Setiadi, Robertus Setyo Nugroho Setyo Nugroho Soraya Rizfathanty Tarigan, Wina Febrianti Toufan Purnama Yamin Utami, Annisa Rianti Viverita Zaafri A. Husodo