Article Per Year (5 Year)
p-Index From 2021 - 2026
0.444
P-Index
This Author published in this journals
All Journal Jurnal Tata Kota dan Daerah Journal of Economics and Business UBS
Firmansyah Hakam, Dzikri
Unknown Affiliation
Civil Engineering, Building, Construction & Architecture Earth & Planetary Sciences Economics, Econometrics & Finance Environmental Science Social Sciences Transportation

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
The Impact of Russian-Ukraine Conflict on Profitability and Valuation of Indonesian Coal Stocks Sumirat, Erman; Firmansyah Hakam, Dzikri; Sihab Budin F, Irfan
Journal of Economics and Business UBS Vol. 12 No. 6 (2023): Special Issue
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/joeb.v2i6.853

Abstract

This research investigates the impact of the 2022 Russian invasion of Ukraine on the profitability and valuation of publicly listed Indonesian coal companies. Leveraging panel regression, the study offers empirically grounded perspectives on how an acute geopolitical conflict disrupted global energy trade flows to influence key financial metrics of a major exported commodity. Specifically, the analysis focuses on five leading Indonesian coal miners over 2019-2022. Profitability dynamics are examined through gross profit margins while valuations reliance on price-to-earnings ratios. Control variables capture coal prices, a conflict indicator, inflation, interest rates, and exchange rate fluctuations. Results reveal the global coal price spike had a statistically significant positive impact on profit margins, affirming the turmoil's commodity super-cycle upside. However, valuations diverged from earnings trends, suggesting more complex reassessments of long-term prospects. The conflict itself directly affected profitability but not valuations. This research contributes timely empirical insights on an understudied intersection of geopolitics, commodity markets, and emerging market equities. Evidence-based quantification of financial linkages and risk transmission inform both theory and practice. Strategic decision makers obtain granular clarity regarding exposures and opportunities during energy market turmoil.
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 Erman Sumirat Fajar Afgani, Kurnia Hapsariniaty, Alia Widyarini Rahadi, Raden Aswin Ria, Poeti Sihab Budin F, Irfan