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Contact Name
Iwan Priyadi
Contact Email
editor.journal@lifescifi.com
Phone
+62 881-2723-330
Journal Mail Official
editor.journal@lifescifi.com
Editorial Address
St. Gedongkuning No.43, Rejowinangun, Subdistrict Kotagede, Yogyakarta City, Special Region of Yogyakarta 55171
Location
Kota yogyakarta,
Daerah istimewa yogyakarta
INDONESIA
Arthatama: Journal of Business Management and Accounting
ISSN : 2655786X     EISSN : 27745678     DOI : https://doi.org/10.54518/art
Core Subject : Economy,
The objective of the Arthatama is to promote the wide dissemination of the results of systematic scholarly inquiries into the broad field of business research. Arthatama accepts articles in any business management and accounting related subjects and any research methodology that meet the standards established for publication in the journal. The primary, but not exclusive, audiences are academicians, graduate students, practitioners, and others interested in business research. Arthatama invites manuscripts on various topics including functional areas of marketing management, management accounting, management control systems, information management systems, international business, business economics, business ethics and sustainability, entrepreneurship, financial management, strategic management, operations management, human resource management, e-business, knowledge management.
Articles 102 Documents
Strategic Financial Management for Performance Enhancement and Sustainable Growth Arda Lintang Marthanda Suherlan
Arthatama: Journal of Business Management and Accounting Vol. 8 No. 1 (2024)
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Abstract

Strategic financial management is fundamental to corporate success, ensuring performance enhancement and sustainable growth in an evolving business landscape. This study explores the interconnected roles of financial management, operational efficiency, capital structure, risk mitigation, and sustainability in driving business resilience. Effective financial planning and disciplined cost control are essential for maintaining liquidity and profitability. Additionally, optimizing capital structure minimizes financial risks while maximizing firm value. Robust risk management strategies help businesses navigate uncertainties and mitigate potential disruptions. Furthermore, the integration of financial technology and corporate social responsibility contributes to long-term stability and competitive advantage. Firms that embrace adaptive financial strategies can better respond to market fluctuations, regulatory changes, and emerging economic trends. This study offers valuable insights into best practices for achieving financial sustainability and resilience, emphasizing the importance of continuous innovation and strategic decision-making in financial management. Future research should focus on the impact of financial technology on corporate growth and risk management frameworks.
Accelerating Digital Transformation in Islamic Banking Julius Gofinda Prasta
Arthatama: Journal of Business Management and Accounting Vol. 8 No. 1 (2024)
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Abstract

The rapid advancement of digital technology has revolutionized the banking sector, necessitating the adoption of digital banking services to enhance operational efficiency and customer experience. This study examines the digital transformation process in Indonesia's Islamic banking industry, highlighting key challenges, regulatory frameworks, and the impact of technological innovation. Using a systematic literature review, the research identifies the factors influencing digital adoption, including trust, regulatory compliance, and customer satisfaction. Findings indicate that the Covid-19 pandemic has accelerated digital banking adoption, prompting Islamic banks to expand their digital services to remain competitive. The study underscores the importance of regulatory support, technological innovation, and customer trust in facilitating a seamless transition toward fully digital Islamic banking. Future research should explore the role of artificial intelligence, blockchain, and fintech collaborations in shaping the industry's trajectory.
Strategic Approaches for Business Sustainability in a Volatile Global Economy Pradwipa Mutianto
Arthatama: Journal of Business Management and Accounting Vol. 8 No. 1 (2024)
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In an era of persistent economic volatility, financial resilience is fundamental for business sustainability. This paper explores strategic approaches to enhancing financial resilience by integrating absorptive and adaptive capacities, financial literacy, and climate finance. Companies that develop robust financial structures, diversify revenue streams, and adopt effective risk management strategies are better positioned to navigate global uncertainties. Moreover, financial literacy enhances decision-making capabilities, fostering adaptive financial strategies that support long-term stability. The paper also highlights the growing relevance of climate finance in ensuring sustainability, particularly for businesses in developing economies. The interplay between geopolitical risks, economic fluctuations, and financial strategies underscores the necessity of dynamic financial planning. By examining existing literature and strategic frameworks, this study provides actionable insights for businesses seeking to fortify their financial resilience in an increasingly uncertain global landscape. The findings suggest that organizations must adopt a proactive approach, leveraging financial innovation, regulatory frameworks, and sustainability-focused investments to remain competitive.
Adaptive Financial Risk Management Strategies for Startup Sustainability: A Systematic Literature Review Fajrul Falah
Arthatama: Journal of Business Management and Accounting Vol. 8 No. 2 (2024)
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Abstract

Startups face significant financial risks due to constrained capital, volatile markets, and dependency on external funding. This study employs a Systematic Literature Review (SLR) to examine existing research on financial risk management (FRM) strategies tailored to startups across industries and regions. Key risk factors identified include liquidity constraints, investment uncertainties, and regulatory challenges. The findings suggest that adaptive risk management frameworks—such as capital diversification, financial technology integration, and strategic governance—are crucial in mitigating financial vulnerabilities. Furthermore, financial literacy and managerial competency play pivotal roles in enhancing FRM effectiveness. This study contributes to the literature by presenting an evidence-based approach to optimizing startup FRM, emphasizing flexibility and proactive assessment. The research concludes with practical recommendations for startup founders, investors, and policymakers to implement robust and dynamic financial risk management strategies for long-term sustainability.
Strategic Managerial Economics: Enhancing Financial Resilience and Business Growth Noercholis Farizy
Arthatama: Journal of Business Management and Accounting Vol. 8 No. 2 (2024)
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Abstract

Managerial economics plays a crucial role in guiding businesses toward financial sustainability and competitive advantage. This study conducts a systematic literature review to explore best practices in financial planning, investment strategies, and risk management within the context of managerial economics. By analyzing 20 studies published between 2012 and 2024 across multiple industries, key financial planning strategies such as budgeting, risk diversification, and technological investment are identified as essential for sustained growth. The findings highlight the importance of proactive economic management, digital transformation, and strategic decision-making in mitigating financial uncertainties. This review provides valuable insights for practitioners and researchers seeking to optimize business performance through effective economic managerial practices.
Venture Capital Impairments and Their Impact on Indonesia’s Startup Ecosystem Ibnu Hamdan; Muhammad Tajuddin
Arthatama: Journal of Business Management and Accounting Vol. 8 No. 2 (2024)
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SoftBank's significant venture capital investments have played a crucial role in shaping Indonesia's startup ecosystem, enabling rapid business expansion and technological advancements. However, recent investment impairments have raised concerns regarding sustainability and long-term viability. This study explores the causes and consequences of SoftBank's portfolio impairments, examining both external factors such as market volatility, regulatory uncertainties, and shifting consumer preferences, as well as internal issues like weak business models and inefficient financial management. The findings indicate that these impairments not only affect investors but also pose financial and operational challenges for startups reliant on continuous funding. In response, strategic measures such as risk diversification, improved governance, and adaptive business models are essential for mitigating the negative impacts. Additionally, investors must adopt more rigorous due diligence processes, while startups should enhance financial transparency and innovation strategies. Policymakers also play a key role in establishing a stable investment climate. By addressing these challenges, stakeholders can foster a more resilient and sustainable startup ecosystem in Indonesia.
Enhancing Risk Management Strategies in the Financial Sector Muhammad Wildanul Atqiya
Arthatama: Journal of Business Management and Accounting Vol. 8 No. 2 (2024)
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Risk management is a critical component in ensuring the stability and sustainability of the financial sector. With the rapid digital transformation and increasing global economic uncertainties, financial institutions face heightened risks related to cybersecurity, regulatory compliance, and economic fluctuations. This study examines contemporary risk management challenges, explores innovative mitigation strategies, and highlights emerging opportunities such as Artificial Intelligence (AI), big data analytics, and sustainability-driven financial practices. A mixed-methods approach is employed, integrating qualitative insights from industry professionals with quantitative analysis of risk trends. The findings underscore the necessity for adaptive risk management frameworks that leverage technological advancements while aligning with regulatory and environmental considerations. This study contributes to the discourse on financial risk management by offering strategic recommendations for enhancing resilience in an increasingly volatile financial landscape.
The Impact of Digital Transformation on MSME Competitiveness and Economic Growth Aisyah Chusnul Jurnalita
Arthatama: Journal of Business Management and Accounting Vol. 8 No. 2 (2024)
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Micro, Small, and Medium Enterprises (MSMEs) play a vital role in economic development by driving job creation and contributing to GDP growth. The rapid advancement of digital technology has transformed the business landscape, providing MSMEs with opportunities to enhance their competitiveness. This study examines the impact of digital transformation on MSMEs, focusing on the adoption of e-commerce platforms, financial technology (fintech), and digital marketing strategies. The findings indicate that digital tools enable MSMEs to expand their market reach, improve operational efficiency, and respond effectively to changing consumer behavior. However, challenges such as limited digital literacy, inadequate internet infrastructure, and high adoption costs hinder full digital integration. To optimize the benefits of digital transformation, policymakers and stakeholders must support MSMEs through financial assistance, training programs, and improved digital infrastructure. This study highlights the need for a collaborative approach between government, industry, and academia to foster a sustainable digital ecosystem for MSMEs, ensuring their resilience and long-term growth in an increasingly digital economy.
Exploring the Relationship Between Leadership and Job Satisfaction of Bank Mandiri Employees Annisa Findarty
Arthatama: Journal of Business Management and Accounting Vol. 9 No. 2 (2025)
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Abstract

Leadership significantly influences employee job satisfaction, shaping a productive work environment and supporting organizational success in the competitive banking sector. This study aims to examine the relationship between leadership styles and employee job satisfaction at Bank Mandiri, a leading Indonesian bank, by analyzing how leadership practices impact employee well-being and retention. The research employed a Systematic Literature Review, analyzing 30 peer-reviewed journal articles published between 2019 and 2024, sourced from databases like Scopus and ScienceDirect. The findings reveal a strong positive correlation between transformational and participative leadership styles and employee job satisfaction, driven by open communication, recognition, and employee involvement in decision-making. In contrast, authoritarian leadership often reduces satisfaction due to limited autonomy. These results highlight the importance of adaptive leadership in fostering a motivated workforce. The study concludes that Bank Mandiri should prioritize leadership training programs focusing on transformational and participative approaches to enhance employee satisfaction and organizational performance. By addressing these leadership practices, the bank can strengthen its human resource management strategies, ensuring a balance between achieving business goals and promoting employee well-being in a dynamic industry.
Environmental, Social, and Governance Disclosure’s Impact on Return on Equity in Asian Banks Berliana Citra Hapsari; Nessa Rifdahwati Kusuma; Hersugondo Hersugondo
Arthatama: Journal of Business Management and Accounting Vol. 9 No. 1 (2025)
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Global awareness of sustainability, social responsibility and Good Corporate Governance (ESG) is increasingly driving investor attention towards sustainable business practices, including in the Asian banking sector. However, empirical findings related to the influence of ESG on financial performance still vary. This study aims to systematically analyze the effect of ESG disclosure on the financial performance of banks in the Asian region, as measured using Return on Equity (ROE). The Systematic Literature Review (SLR) method is used to synthesize relevant empirical studies on the relationship between ESG and financial performance on relevant indexed journals in the Asian banking sector. The SLR results show that most studies have found a positive and significant influence of ESG on ROE. This study contributes to strengthening the ESG literature in the Asian financial sector and provides practical implications for banks, investors, and regulators to encourage ESG integration as a strategy to improve profitability and long-term stability.

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