Article Per Year (5 Year)
p-Index From 2021 - 2026
2.728
P-Index
This Author published in this journals
All Journal Jurnal Siasat Bisnis Jurnal Ilmu Manajemen (JIM) The Asian Journal of Technology Management (AJTM) Global Review of Islamic Economics and Business Journal of Islamic Monetary Economics and Finance MANAJEMEN DEWANTARA Sebelas Maret Business Review Proceeding of National Conference on Accounting & Finance Journal of Digital Marketing and Halal Industry SEMAR Journal of Management and Entrepreneurship Research Jurnal Manajemen dan Pemasaran Jasa
Tastaftiyan Risfandy, Tastaftiyan
Fakultas Ekonomi dan Bisnis Universitas Sebelas Maret
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Social Sciences

Published : 19 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 19 Documents
Search

 1   2 
BUSY COMMISSIONERS AND FIRM PERFORMANCE: DO SHARIAH-COMPLIANT FIRMS MATTER? Rahardjoputri, Rolina; Risfandy, Tastaftiyan; Utami, Ayu Dwi
Journal of Islamic Monetary Economics and Finance Vol. 10 No. 1 (2024)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v10i1.1995

Abstract

The empirical literature on a one-tier board system has recently focused on busy directors, defined as directors holding multiple similar positions in more than one firm simultaneously. In the same spirit, this paper investigates the impact of busy commissioners (instead of busy directors) on firms' performance for the case of Indonesia, a country adopting a two-tier board system. We find that busy commissioners do not impact accounting performance but are negatively associated with market performance. The markets tend to react negatively to the presence of busy commissioners, while actually the firms are also not advantaged financially by their presence. Interestingly, we also find that Shariah-compliant firms tend to have better accounting performance but not with market performance. Our analysis further reveals that the negative impact of busy commissioners on market performance diminishes in non-Shariah-compliant firms. Perhaps, the different characteristics of Shariah-compliant and non-Shariah-compliant companies, wherein Shariah-compliant firms tend to restrict leverage and cash level, account for the results. These findings are robust across various regressions. This research calls on policymakers to enforce the regulation regarding commissioners to reduce its detrimental impact on performance. The regulators should also collaborate with relevant agencies to educate and promote the existence of Shariah-compliant firms in Indonesia. Acknowledgment The authors would like to thank Universitas Sebelas-Maret, Indonesia, for the partial funding for this study.
Corporate Social Responsibility and financial performance: Evidence in Indonesia (basic industry and chemical sector) Istiyanto, Choirul; Risfandy, Tastaftiyan; Andriansa, Rama
Proceeding of National Conference on Accounting & Finance Volume 6, 2024
Publisher : Master Program in Accounting, Faculty of Economics, Universitas Islam Indonesia

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

Abstract

Research on corporate social responsibility on financial performance has had various results. Differences in models, objects and several other supporting variables add to the uniqueness of CSR research on financial performance. This research uses a sample of manufacturing companies in the basic industrial and chemical sectors listed on the IDX in 2019-2022. Using Tobin's Q as a measure of financial performance and using the KLD method as a CSR measurement.
Basic psychological needs and financial well-being among e-commerce outsourcing employees: The role of financial attitude Anindyastri, Ranty; Risfandy, Tastaftiyan; Arumsari, Septiana Lisa
Jurnal Siasat Bisnis VOL 30, NO 1 (2026)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol30.iss1.art3

Abstract

Purpose – This study investigates the relationship between basic psychological needs and financial well-being among outsourced employees in the e-commerce sector of Indonesia, with financial attitude as a mediating variable. Based on Self-Determination Theory (SDT), it aims to explore how the fulfillment of autonomy, competence, and relatedness contributes to positive financial outcomes.Design/methodology/approach – This research applied a quantitative method by collecting survey data from 422 outsourced employees in Indonesia’s e-commerce sector. Data were obtained through an online questionnaire distributed via Google Forms and analyzed using Structural Equation Modeling with the Partial Least Squares (SEM - PLS) technique, using SmartPLS version 4.0.9.9Findings – The research results show that basic psychological needs have a significant positive effect on financial attitude and financial well-being. Financial attitude was found to partially mediate the relationship between psychological needs and financial well-being. When the psychological needs of e-commerce outsourcing employees are fulfilled, they not only feel better emotionally and become more motivated but also exhibit more adaptive financial behaviors. Adaptive financial behavior, combined with positive financial attitudes, can help employees achieve greater financial well-being.Research limitations/implications – This study is limited by its cross-sectional design and narrow employment context, which may affect generalizability. Using self-report surveys alone may not capture the full experiences of outsourced employees. Future research should consider longitudinal methods and qualitative approaches, such as interviews, to explore psychological needs and financial well-being more deeply.Practical implications – Organizations should foster supportive work environments that meet employees’ psychological needs and integrate financial education into employee support programs. This holistic approach can enhance financial well-being, particularly in unstable or outsourced work settings.Originality/value – This study expands the application of Self-Determination Theory within financial behavior by emphasizing how psychological needs influence individuals’ financial attitudes and outcomes. It also highlights the essential role of psychological resources in supporting financial well-being, especially among workers in unstable or uncertain employment conditions.
Profit distribution management and Islamic banks market power Risfandy, Tastaftiyan
Sebelas Maret Business Review Vol 4, No 2 (2019): December 2019
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v4i2.36103

Abstract

Operating in the competitive dual banking market, Islamic banks’ behavior often mimics conventional banks. One of the ways to do this is by managing their earnings so that their deposit rate of return could be closely pegged to the conventional banks’ deposit interest rate. Farook et al. (2012) define this term as “profit distribution management” or PDM. This paper investigates whether PDM practice in Islamic banks is affected by their market power. Using a sample of Islamic banks from 2009 to 2013 from Indonesia, the most populous Muslim country adopting dual banking market, we find that bank with a high market power are less engage in PDM. This means that, when Islamic banks are able to set high price of their banking product in the competitive market, they are already reach specific market position. In this case, Islamic banks is observed manage their earnings but in the lower intensity. We also provide empirical evidence that other factors such as governance structure and market share of Islamic banks are also matter for the PDM. Some policy implications are discussed.
GCC entrepreneurs’ business expansion: A case study of Manchester City FC Aiman, Aiman; Risfandy, Tastaftiyan; Purnomo, Sabrina Najwa Putri; Suwardi, Zahraa orchidta
Sebelas Maret Business Review Vol 9, No 2 (2024): December 2024
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v9i2.97384

Abstract

This paper examines the business expansion of Gulf Cooperation Council (GCC) entrepreneurs by acquiring European football clubs, focusing on Manchester City as a case study from the 2008/2009 to 2020/2021 seasons. Football, having evolved from a mere sport into a profitable industry, attracts significant investments from stakeholders, including billionaires and global corporations. This research highlights the increasing trend of Middle Eastern investors acquiring renowned football clubs facilitated by substantial financial resources and strategic management. The analysis reveals that Sheik Mansour's acquisition of Manchester City in 2008 catalysed a remarkable transformation in the club's financial performance, leading to substantial revenue growth and competitive success in domestic and European leagues. By employing financial ratio analysis, the paper evaluates the club's performance pre- and post-acquisition, revealing significant improvements in revenue streams, operational profitability, and overall financial stability. The findings underscore the potential benefits and strategic advantages of such investments in the football industry, contributing to the growing body of literature on sports management and financial strategies in contemporary business.
When finances shake, do ethics break? The impact of financial instability on firm performance and CSR in Indonesian manufacturing Istiyanto, Choirul; Risfandy, Tastaftiyan
Sebelas Maret Business Review Vol 10, No 1 (2025): June 2025 (Article in progress)
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v10i1.100352

Abstract

This study examines the influence of corporate social responsibility on the company's financial performance during periods of financial instability. The sample of this study is manufacturing companies in the basic and chemical industries listed on the Indonesia Stock Exchange (IDX) for the 2014-2022 period. This study uses secondary data from the company's financial statements and annual reports. The test results show that during the period of financial instability, the relationship of corporate social responsibility to the company's financial performance weakens. This study proves that financial instability moderates the relationship between CSR and corporate financial performance. The results of this study show a linear and non-linear pattern in the relationship between CSR and financial performance during periods of financial instability. These findings emphasize the importance of managing CSR portfolios and prudence in resource allocation during periods of financial instability.
What are the determinants of non-performing financing in Islamic banks during Covid-19? Rahmadany, An Nisaa'; Risfandy, Tastaftiyan; Harahap, Burhanudin
Sebelas Maret Business Review Vol 8, No 1 (2023): June 2023
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v8i1.77185

Abstract

Several trading and banking sectors strive to survive the current pandemic. Despite the intense competition in the financial industry recently, Islamic banks have demonstrated remarkable growth. However, the issue of defaults in Islamic banks often arises, where debtors cannot repay the obtained financing, disrupting banking performance. This research investigates the factors influencing funding troubles in Islamic banks, especially during COVID-19. Specifically, this study examines whether factor-specific banks and macroeconomics in Islamic banks control troubled funding. The research utilizes quarterly data from Islamic banks in Southeast Asia (Malaysia and Indonesia) from 2020 to 2021. The findings indicate that liquidity risk, inefficiency, and economic growth do not significantly affect troubled financing in Islamic banks. At the same time, capital, profitability, and inflation significantly negatively impact funding troubles. These results recommend that Islamic banks increase their capital and profitability proportion to reduce the risk of funding trouble.
Memanfaatkan Media Sosial Untuk Pemasaran Digital Di UMKM Binaan OK OCE Indonesia Rany, Tarysha Aulya Putri; Saktiawan, Bimo; Wulandari, Trisninik Ratih; Risfandy, Tastaftiyan
SEMAR (Jurnal Ilmu Pengetahuan, Teknologi, dan Seni bagi Masyarakat) Vol 13, No 2 (2024): November
Publisher : LPPM UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/semar.v13i2.87587

Abstract

Di tengah persaingan para pebisnis menggunakan Instagram sebagai wadah promosinya, masih banyak pemilik bisnis lain yang belum bisa menggunakan media sosial Instagram secara baik salah satunya UMKM (Usaha Mikro Kecil dan Menengah). Maka dari itu, latar belakang dari kegiatan pendampingan ini bertujuan untuk membantu para UMKM terlebih yang terdampak pandemi Covid-19 untuk bisa menggunakan fitur-fitur pada Instagram secara efektif dalam memasarkan produk penjualannya dengan mengikuti kegiatan pendampingan yang dilakukan selama empat bulan. Pada proses kegiatan ini, objek yang akan diambil adalah beberapa UMKM yang berlokasi di Pulau Jawa dan mitra yang merupakan anggota binaan OK OCE Indonesia. Kami membagi kegiatan ke dalam tiga tahap yaitu sebelum pendampingan, saat pendampingan, dan setelah dilakukan pendampingan. Hasil dari pendampingan yang dilakukan terhadap masing-masing UMKM terkait dengan penggunaan Instagram sebagai tempat memasarkan produknya, mengalami progress yang signifikan terlebih dalam mengelola akun Instagram dan memanfaatkan fitur-fitur yang ada. Ini dibuktikan dimana UMKM binaan yang telah diberikan pendampingan atau treatment mengalami kenaikan followers Instagram dan komentar positif. Harapan ke depan, kegiatan pendampingan semacam ini dapat dilakukan secara rutin bisa tahunan ataupun bulanan. Sehingga UMKM dapat terbuka dengan teknologi baru dan tren yang sedang terjadi demi mendukung keberlangsungan kemajuan UMKM Indonesia. Kata kunci: Media Sosial, Pemasaran Digital, UMKM, Pengabdian
Pemberdayaan UMKM melalui pembentukan Komunitas Bisnis Ibu-Ibu Desa Lumbungkerep Pujianto, Eksal; Indarto, Irman; Mufid, Rizal Badarul; Darmadi, Najma Bintang Hati; Risfandy, Tastaftiyan; Saktiawan, Bimo
SEMAR (Jurnal Ilmu Pengetahuan, Teknologi, dan Seni bagi Masyarakat) Vol 13, No 1 (2024): Mei
Publisher : LPPM UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/semar.v13i1.80320

Abstract

Komunitas Bisnis Ibu-ibu Desa Lumbungkerep bertujuan untuk memberikan pemahaman dan keterampilan bisnis kepada ibu-ibu pelaku UMKM di Desa Lumbungkerep. Kegiatan ini dilaksanakan melalui metode sosialisasi, pelatihan, serta pendampingan dengan berkolaborasi dengan PKK. Partisipasi dan antusiasme 30 orang ibu-ibu terhadap komunitas ini sangat tinggi pada pengadaan pelatihan UMKM. Dari ketiga pelatihan yang telah terlaksana, ibu-ibu peserta komunitas mendapatkan pemahaman mengenai pengelolaan keuangan, pemasaran produk, dan perizinan berusaha. Komunitas Ibu-ibu Desa Lumbungkerep sangat berguna untuk memajukan UMKM di Desa Lumbungkerep melalui berbagai pelatihan serta pendampingan dalam mengelola bisnis mereka. Diharapkan komunitas ini dapat berjalan secara berkelanjutan. The contribution of Micro, Small, and Medium Enterprises (MSMEs) to the GDP at 60.51% is undeniable. The digital transformation and the COVID-19 pandemic emphasize the urgency for MSMEs to prosper. The challenge of the digital revolution in Lumbungkerep Village, Klaten Regency, Central Java, is the focus of this community service. The establishment of the Komunitas Bisnis Ibu-ibu Desa Lumbungkerep by KKN 154 Universitas Sebelas Maret aims to provide understanding and business skills to the women involved in MSMEs in the village. Activities include socialization, training, and mentoring in association with the Pemberdayaan Kesejahteraan Keluarga (PKK) community. The participation and enthusiasm of 30 women in this community are remarkably high in UMKM training. Through three guided training sessions, community members gained insights into financial management, product marketing, and business licensing. The Lumbungkerep Village Women's Community has proven to be a valuable platform for fostering collaboration and innovation, supporting local MSMEs to enhance product value and income, and promoting sustainable welfare and economic growth through various training and mentoring initiatives in managing their businesses.
Co-Authors Aiman, Aiman Andriansa, Rama Anindyastri, Ranty Arifin, Taufiq Arumsari, Septiana Lisa Ayu Dwi Utami Bahbry, Mohammed Abdullah Salem Bambang Sutrisno Burhanudin Harahap Darmadi, Najma Bintang Hati Deny Dwi Hartomo Dewi, Toifsa Rosita Indarto, Irman Irwan Trinugroho, Irwan Istiyanto, Choirul Kusumaningrum, Susana Diah Melati, Sophis Listy Mufid, Rizal Badarul Nugrahani, Isnaini Dyah Pratiwi, Desti Indah Pujianto, Eksal Purnomo, Sabrina Najwa Putri Purnomowati, Nasyi'ah Hasanah Rahardjoputri, Rolina Rahmadany, An Nisaa' Rany, Tarysha Aulya Putri Ratih Wulandari, Trisninik Saktiawan, Bimo Suliyono, Joko Suwardi, Zahraa orchidta Syaiful Amri Toro, Muh. Juan Suam Trisninik Ratih Wulandari, Trisninik Ratih