Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
P-Index
This Author published in this journals
All Journal Business Innovation and Entrepreneurship Journal International Journal of Accounting & Finance in Asia Pasific
Stephanus Remond Waworuntu
President University
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences Other

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Foreign Worker Governance in Indonesia: Institutional Challenges and Strategic Reform Pathways Zhu Xi; Stephanus Remond Waworuntu
International Journal of Accounting and Finance in Asia Pasific (IJAFAP) Vol 9, No 1 (2026): February 2026
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijafap.v9i1.4352

Abstract

Indonesia’s accelerating economic transformation has increased reliance on foreign workers, yet its governance system continues to face persistent institutional and implementation challenges. This study systematically analyzes the evolution, structural dilemmas, and strategic optimization pathways of Indonesia’s foreign worker management policy. Using a structured qualitative review grounded in Institutional Theory and Stakeholder Theory, the research synthesizes regulatory frameworks, government statistics, policy reports, and relevant academic literature. Findings reveal a sustained disconnect between regulatory intent and operational practice: although official work permit processing targets 12 working days, actual completion frequently extends to 30–60 days. A discrepancy of approximately 86,000 workers between registered and estimated actual figures indicates significant irregular employment. Rights protection mechanisms remain uneven, with documented wage arrears and occupational vulnerabilities in labor-intensive sectors. These issues reflect misalignment across regulative, normative, and cultural-cognitive institutional pillars, compounded by fragmented stakeholder interests. The study proposes an integrated governance model that combines digital coordination, strengthened enforcement, and structured socio-cultural integration initiatives. Such reforms align with SDG 8 (Decent Work) and SDG 10 (Reduced Inequalities), offering a strategic pathway toward more coherent, equitable, and sustainable labor migration governance
Assessing The Impact Of Financial Intelligence And Technology On Digital Investment Decision Stephanus Remond Waworuntu; Anastasya Tivani; Purwanto Purwanto; Erman Sumirat
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 8 No 1 (2026): Business Innovation and Entrepreneurship Journal (February)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35899/biej.v8i1.1163

Abstract

Abstract-The impact of the Internet on global society has been both rapid and transformative, bringing about significant changes in many aspects of life. Currently, Indonesia is dominated by Generation Z and Millennials, who are technologically proficient and comfortable using digital platforms. Technological advances have made it easier for these generations to invest, but this has also led to an increase in unlicensed and illegal investment schemes. The rise of illegal investment schemes in Indonesia is an indication that many Indonesians are not well-informed about the benefits and risks of investing. This study aims to examine the influence of financial intelligence such as financial literacy, financial behavior, financial experience and risk tolerance on digital investment decision with financial technology as a moderating variable. This study is a quantitative study using purposive sampling. The population consisted of millennials and Generation Z living in the Jakarta metropolitan area and the sample size was 165. The data were analyzed using moderated regression analysis. The result tells that financial literacy, financial behavior, financial experience has significant influence on digital investment decision, while risk tolerance has insignificant influence on digital investment decision. Financial technology weakens the influence of financial literacy, financial behavior, financial experience and risk tolerance on digital investment decision.
Co-Authors Anastasya Tivani Erman Sumirat Purwanto Purwanto Zhu Xi