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The Impact of Decentralized Finance (DeFi) on Traditional Banking Systems: A Novel Approach Hadi, Syukri; Renaldo, Nicholas; Purnama, Intan; Veronica, Kristy; Musa, Sulaiman
International Conference on Business Management and Accounting Vol 2 No 1 (2023): Proceeding of International Conference on Business Management and Accounting (Nov
Publisher : Institut Bisnis dan Teknologi Pelita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35145/icobima.v2i1.4376

Abstract

This research explores the transformative impact of Decentralized Finance (DeFi) on traditional banking systems. DeFi, leveraging blockchain technology and smart contracts, has emerged as a significant disruptor in the financial industry by offering decentralized, transparent, and accessible financial services. This study aims to assess how DeFi challenges conventional banking models and the implications for the future of financial services. Through a mixed-methods approach, combining quantitative analysis of financial data and qualitative insights from industry experts, this research identifies key components of DeFi and examines its effects on traditional banking operations, customer experiences, and financial stability. The findings reveal a significant increase in DeFi transaction volumes and user engagement, accompanied by a reduction in certain traditional banking activities. While DeFi offers benefits such as lower transaction costs and enhanced accessibility, it also introduces challenges related to security, regulatory uncertainty, and market volatility. The study concludes that DeFi presents both opportunities and risks for traditional banking systems. To remain competitive, traditional banks may need to adopt blockchain technologies and explore strategic partnerships with DeFi platforms. Policymakers are advised to develop clear regulatory frameworks to manage associated risks while fostering innovation. This research provides valuable insights for financial institutions, regulators, and investors navigating the evolving landscape of financial services.
Balancing Offshore Renewable Energy and Marine Conservation in the Blue Economy Renaldo, Nicholas; Junaedi, Achmad Tavip; Suhardjo, Suhardjo; Jahrizal, Jahrizal; Yovita, Indri; Musa, Sulaiman; Cecilia, Cecilia
Journal of Applied Business and Technology Vol. 5 No. 2 (2024): Journal of Applied Business and Technology
Publisher : Institut Bisnis dan Teknologi Pelita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35145/jabt.v5i2.168

Abstract

The Blue Economy represents a sustainable approach to harnessing ocean resources for economic growth while preserving marine ecosystems. This study explores the intersection of offshore renewable energy development, particularly wind and tidal energy, and marine conservation. It highlights the significance of adopting innovative technologies, such as floating wind turbines, and emphasizes the role of Marine Spatial Planning (MSP) and Ecological Modernization Theory (EMT) in balancing economic activities with environmental protection. Using qualitative research methods, including semi-structured interviews with stakeholders from renewable energy companies, conservation NGOs, policymakers, and local fishing communities, this study reveals key themes related to policy gaps, innovative solutions, and the necessity of stakeholder collaboration. Findings indicate that existing regulatory frameworks often inadequately address ecological impacts, creating inconsistencies between energy development and conservation efforts. However, advancements in technology and collaborative approaches show promise for minimizing environmental disruption. The research underscores the need for stronger regulatory frameworks that integrate marine conservation into energy development plans. It advocates for community involvement in decision-making processes and the adoption of eco-friendly technologies. By aligning regulatory practices with sustainable development principles, the study presents a pathway toward achieving a balanced Blue Economy, ensuring both economic prosperity and the health of marine ecosystems for future generations. Future research areas are identified to further enhance understanding of the long-term impacts and effective management strategies in this critical field.
Blue Innovation, Value Creation, and Decision-making on Digital Performance and Sustainability Renaldo, Nicholas; Junaedi, Achmad Tavip; Suhardjo, Suhardjo; Veronica, Kristy; Augustine, Yvonne; Musa, Sulaiman; Cecilia, Cecilia
Journal of Applied Business and Technology Vol. 5 No. 3 (2024): Journal of Applied Business and Technology
Publisher : Institut Bisnis dan Teknologi Pelita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35145/jabt.v5i3.189

Abstract

This study proposed model framework introduces a novel approach by positioning Blue Innovation as a primary driver of Value Creation and Decision-Making, which in turn mediate the relationship between Digital Performance and Sustainability. In this quantitative research, data will be collected using a structured questionnaire. The sample size will be 155 respondents. This study uses Structural Equation Modeling (SEM) analysis to analyze the influence of independent, intervening, and control variables on the dependent variable. The findings provide significant insights into how these variables interact and influence one another, summarized as blue innovation significantly enhances digital performance, value creation has a strong positive impact on digital performance, decision-making significantly improves digital performance, blue innovation positively influences sustainability, value creation cannot directly increase sustainability, decision-making has a significant positive impact on sustainability, digital performance significantly enhances sustainability, blue innovation increases sustainability through digital performance, value creation indirectly increases sustainability through digital performance, decision-making positively influences sustainability through digital performance.
Implementation of Digital Accounting on the Effectiveness of Corporate Social Responsibility and Environmental, Social, and Governance Reporting Suhardjo, Suhardjo; Wati, Yenny; Renaldo, Nicholas; Musa, Sulaiman; Cecilia, Cecilia
Interconnection: An Economic Perspective Horizon Vol. 2 No. 1 (2024): Interconnection: An Economic Perspective Horizon
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/interconnection.v2i1.90

Abstract

This study delves into the role of digital accounting systems in enhancing the quality and effectiveness of Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) reporting. Findings indicate that digital accounting substantially improves reporting accuracy, timeliness, and transparency, enabling organizations to meet stringent regulatory standards and foster trust among stakeholders. Tools such as blockchain, ERP systems, and AI-driven analytics have streamlined the collection and processing of sustainability data, making reports more actionable and aligned with global benchmarks like GRI and SASB. Nevertheless, challenges such as high costs, data security issues, and organizational resistance were identified as barriers to widespread adoption. Addressing these challenges can further unlock the potential of digital accounting systems in driving sustainable business practices and enhancing corporate accountability.
A Qualitative Study of Harnessing Entrepreneurial Leadership for Sustainable Growth Renaldo, Nicholas; Suhardjo, Suhardjo; Musa, Sulaiman; Cecilia, Cecilia; Veronica, Kristy
Nexus Synergy: A Business Perspective Vol. 1 No. 4 (2024): Nexus Synergy: A Business Perspective
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/nexus.v1i4.87

Abstract

The primary aim of this qualitative study is to explore the mechanisms through which entrepreneurial leadership can be leveraged to promote sustainable growth within organizations. This study contributes to the existing literature in several novel ways: Focused Qualitative Inquiry, Contextualized Exploration, Practical Implications, and Development of variable dimensions and indicators. Given the exploratory nature of the research questions and the need to understand complex phenomena in-depth, a qualitative research design is adopted. Organizations are selected purposively based on their reputation for entrepreneurial leadership and commitment to sustainability. Qualitative data from interviews, focus groups, and document analysis are analyzed thematically to identify recurring patterns, themes, and categories related to entrepreneurial leadership and sustainability (Thematic Analysis). The findings underscore the importance of visionary leadership, strategic alignment, and stakeholder engagement in advancing sustainability goals and fostering resilience in the face of evolving challenges. By leveraging their creativity, resilience, and strategic acumen, entrepreneurial leaders can navigate complex sustainability landscapes, driving innovation, and value creation while balancing competing priorities and stakeholder interests.
Use of AI-based Banking Applications for Customer Service Junaedi, Achmad Tavip; Suhardjo, Suhardjo; Andi, Andi; Putri, Novita Yulia; Hutahuruk, Marice Br; Renaldo, Nicholas; Musa, Sulaiman; Cecilia, Cecilia
Luxury: Landscape of Business Administration Vol. 2 No. 2 (2024): Luxury: Landscape of Business Administration
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/luxury.v2i2.100

Abstract

This paper explores the state-of-the-art advancements in AI-based banking applications and their impact on customer service, focusing on their capabilities, benefits, and potential challenges. The descriptive qualitative method is used to examine real-world applications of AI in banking, focusing on their operational mechanisms and influence on customer experiences. The data analysis process involves the following steps: Thematic Analysis, Comparative Analysis, and Content Analysis. AI technologies such as chatbots, virtual assistants, and fraud detection systems enhance operational efficiency, provide personalized experiences, and improve security in banking. AI-based banking applications have significantly enhanced customer service by improving operational efficiency, personalization, and security, leading to higher customer satisfaction. Future research can investigate frameworks for ensuring fairness, transparency, and accountability in AI-driven customer service systems.
Social Accounting in Sustainability Reporting for Digital Banking Suhardjo, Suhardjo; Junaedi, Achmad Tavip; Andi, Andi; Putri, Novita Yulia; Renaldo, Nicholas; Musa, Sulaiman; Cecilia, Cecilia
Nexus Synergy: A Business Perspective Vol. 2 No. 1 (2024): Nexus Synergy: A Business Perspective
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/nexus.v2i1.96

Abstract

This research explores the role of social accounting in sustainability reporting for digital banking, highlighting its importance, current practices, and potential improvements to enhance accountability and transparency. This study aims to bridge the gap between theory and practice by proposing a comprehensive framework for integrating social accounting into sustainability reporting for digital banking. The descriptive qualitative approach is suitable for examining complex phenomena. The qualitative data is analyzed using thematic analysis to identify recurring patterns and insights. The steps include data organization, thematic coding, pattern identification, and interpretation. The integration of social accounting into sustainability reporting for digital banking represents a critical step toward ensuring transparency, accountability, and alignment with global sustainability goals. This study highlights that leading digital banks are adopting social accounting practices to address financial inclusion, green financing, and community engagement.
Shariah Governance, Reputation and Customer Loyalty of Islamic Banks Suryadi, Nanda; Albahi, Muhamad; Gisatriadi, Norman; Musa, Sulaiman
INVEST : Jurnal Inovasi Bisnis dan Akuntansi Vol. 6 No. 1 (2025): INVEST : Jurnal Inovasi Bisnis dan Akuntansi
Publisher : Lembaga Riset dan Inovasi Al-Matani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55583/invest.v6i1.1189

Abstract

This study aims to analyze the influence of sharia governance and reputation on customer loyalty at Bank Riau Kepri Syariah, both partially and simultaneously. In an effort to maintain customer loyalty, Islamic banks must continuously improve their corporate governance systems to remain competitive compared to other banks. Additionally, Islamic banks are obligated to comply with sharia principles in their instruments, products, operations, practices, and management. This research employs a quantitative approach by distributing questionnaires to 100 customers. The data were analyzed using linear regression methods with the assistance of IBM-Statistic software. The results indicate that both sharia governance and reputation variables, individually and collectively, have a positive and significant impact on customer loyalty. These findings suggest that the implementation of good sharia governance and a positive reputation can enhance customer loyalty at Bank Riau Kepri Syariah.
Talent Management Strategies in the Gig Economy: Challenges and Opportunities for Modern Organizations Mulyadi, Mulyadi; Amang, Andi; Permata Sari, Dewi; Musa, Sulaiman
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 1 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i1.6572

Abstract

This study explores the challenges and opportunities in talent management strategies for the gig economy, where short-term, flexible work arrangements are increasingly prominent. The research employs a qualitative approach, utilizing an extensive literature review of journal articles, to examine key themes related to managing gig workers. Findings reveal that while the gig economy offers significant benefits to organizations—such as cost efficiency, access to diverse expertise, and operational flexibility—it also presents challenges, including high turnover rates, difficulties in worker retention, and the integration of gig workers into organizational culture. The study emphasizes the need for adaptive talent management strategies tailored to the unique demands of gig work, such as flexible onboarding processes, project-based engagements, competitive compensation, and opportunities for skill development. Practical recommendations include fostering engagement through transparent communication and the use of digital collaboration tools to enhance remote worker cohesion. Given the study’s reliance on literature review, future research is encouraged to incorporate empirical data, such as interviews or surveys with gig workers and employers, to further validate and enrich the findings. This study contributes to the growing body of knowledge on talent management within the gig economy and provides actionable insights for organizations seeking to effectively engage and manage gig talent.
Open Unemployment Rate Based on Education Level at 2015-2018 Tanjung, Amries Rusli; David, David; Renaldo, Nicholas; Putra, Rizaldi; Musa, Sulaiman
Reflection: Education and Pedagogical Insights Vol. 2 No. 1 (2024): Reflection: Education and Pedagogical Insights
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/reflection.v2i1.109

Abstract

The research aims to examine the relationship between education levels and the Open Unemployment Rate (TPT) in Indonesia from 2015 to 2018. This study employs a quantitative research approach using secondary data analysis. A descriptive and inferential statistical approach will be used to identify trends and correlations between education and unemployment. While vocational education shows promising results in reducing unemployment, general high school graduates face higher unemployment risks due to a lack of specialized skills. However, statistical analysis suggests that education alone is not the sole determinant of unemployment, and other factors such as economic conditions, skill mismatches, and technological changes must also be considered. The analysis covers only 2015-2018 data, which may not fully capture long-term employment trends or the impact of recent economic and technological shifts. Future research can expand the research period beyond 2015-2018 to analyze how unemployment trends change over time, especially in response to economic crises or technological advancements.