Andrian Dolfriandra Huruta

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• Doctor of Philosophy - Chung Yuan Christian University (Taiwan)
• Assistant Professor at Satya Wacana Christian University

This research aims to explore disruptive credit innovation in Indonesia. This disruptive innovation creates a product or service that is not marketable, typically by creating new markets for various types of customers by decreasing prices in old markets and using innovations following health protocols during a pandemic outbreak. There are three typ...

UNESCO designated Borobudur as a World Heritage Site (WHS), a tourist and cultural destination capable of increasing visitor demand. However, the number of international tourists visiting the Borobudur Temple Park is still considered low compared to similar destinations in other countries, such as Angkor Wat in Cambodia. This study aims to identify...

This study examines how the green microfinance practices between both genders affect their social entrepreneurship. Purposive sampling was used in this study to gather samples from a women's microfinance group in Eastern Sumba. Partial least squares multigroup analysis (PLS-MGA) was employed for analysis in this study. Empirical evidence is present...

This study scrutinizes the potential of Environmental, Social and Governance (ESG) investment as hedge and safe haven instruments during the COVID-19 pandemic in the Indonesia Stock Exchange (IDX). This research was conducted using the daily return data of ESG indices and conventional indices collected for three years before the Covid-19 pandemic (...

This study aims to develop a dynamic portfolio model based on asset class, precious metals, world oil, and dollar index. This study performs a comparative test between the Dynamics Conditional Correlation (DCC) and Asymmetric Dynamics Conditional Correlation (ADCC) to determine the best method in forming a dynamic portfolio. Four big cap companies...

The relationship between sustainable agriculture, entrepreneurship, and innovation is an increasingly important global issue because sustainable agriculture contributes to a country's economy. This study aims to explore entrepreneurial literacy based on sustainable agricultural knowledge in agricultural SMEs and explore the application of sustainab...

This study aims to investigate the role of financial literacy in green microfinance investment in women's microfinance groups. It considers renewable energy efficiency and financial literacy as factors that influence green microfinance. The study's main goal is to examine the direct and indirect relationships among these three factors. The findings...

The aim of this research is to attempt to identify the impact of gender in the relationship between financial literacy and green microfinance practice in rural area. This research was set to add a comprehensive view to existing studies of green microfinance by observing gender. This research employed non-probability purposive sampling to collect sa...

This research aims to analyze the effects of community-based tourism and consumer satisfaction on tourism sustainability in Breksi Cliff Park, Yogyakarta, Indonesia. Statistical power and arrows were used to determine the minimum sample size. A total of 299 responses were collected for statistical analysis. A simple mediation model was employed, an...

This study aims to examine the spillover effects of return and volatility between three different assets (Bitcoin, Gold, and Nasdaq) using GARCH-ARMA models. The data is taken from monthly closing prices from January 2015 to February 2024 through Investing.com. The analysis focuses on understanding how these three assets interact regarding the spil...

Analiza determinanti siromaštva u centralnoj Javi generalizovanom metodom momenata Apstrakt: Svrha ove studije je da se ispitaju determinante siromaštva u regencijama/gradovima u centralnoj Javi. Ova studija je obuhvatila ispitivanje siromaštva, investicija, štednje i infrastrukture kao istraživačkih varijabli fokusirajući se na začarani krug sirom...

Country image, brand image, and warranty knowledge are essential for evaluation and decision-making. This study examines the effects of these three variables on the purchase intentions of a car as a high-involvement product with high-risk attributes. This study investigates the role of consumer knowledge of essential product external cues, namely p...

The objective of this study is to predict unemployment in Indonesia in the wake of the demographic dividend. The sample used in this study is the unemployment data from 1990 to 2022 from the Indonesian Central Bureau of Statistics database. Using non-seasonal ARIMA (Autoregressive Integrated Moving Average) modeling, this study projected unemployme...

COVID-19 has been of great concern since it broke out. Many countries have put more effort into securing vaccines and therapeutic medicines. In the meantime, there has been a large number of scholarly efforts in figuring out the relationship between smoking and new coronary pneumonia. This study firstly collected daily data (the number of people ho...

This research aims to examine the mediating role of microfinance governance in the relationship between financial literacy and microfinance sustainability. The research used the purposive sampling method to collect data from the Women Farmers Group (WFG) “Tapa Walla Badi” in Mbatakapidu village, East Sumba, Indonesia. The survey was conducted from...

This research aims to analyze the direct and indirect effect of green human resource management (HRM), employee green commitment, and employee job satisfaction on green creativity. This research employed a questionnaire to collect samples from companies in Indonesia committed to going green. A total of 200 responses were collected for statistical a...

Nowadays, the ESG-oriented portfolios are very popular. This study aims to study the performance of cross-asset portfolios between eco-friendly stocks (represented by Sri-Kehati index) with cryptocurrencies, bonds and gold. The data used in the study were the daily return of each instrument from January 2019 to December 2021, which was then analyze...

According to portfolio theory, diversifying investment to several stocks with negative correlations may reduce portfolio risk. In contrast, combining stocks with similar movement (co-movement) has no impact on portfolio risk reduction. This study aims to examine state-owned enterprise stock co-movement in Indonesia using orthogonal generalized auto...

Considering the importance of pro-environmental issues, this study aims to determine the impact of level of employee education and pro-environmental intention on pro-environmental behavior based on stimulus–organism–response theory. There was a total of 425 respondents participating in the survey. This study was conducted during the period of March...

The return and volatility spillover effects on Asian Dragons were investigated in this study. Yahoo Finance provided the monthly statistics (from August 1997 to December 2020). This study used a generalized autoregressive conditional heteroskedasticity-autoregressive moving average (GARCH-ARMA) model. The results showed that return spillover effect...

According to the theory of planned behavior, the goal of this research is to evaluate the connections between perceived entrepreneurial capacity, perceived social norm, attitude toward entrepreneurship, and entrepreneurial intention. It also examines the mediating effect of the educational environment on these connections. Based on the conceptual s...

Our study aims to analyze the impact of organizational and leader support on eco-friendly commitment and eco-friendly behavior. This study depends on a survey of 325 respondents from the government and private offices in Indonesia. Partial Least Squares-Structural Equation Modelling was employed to test the hypotheses. The results perform organizat...

Rural entrepreneurship is important to the growth and prosperity of local communities. This study aims to observe the views of women entrepreneurs and examine economic and organizational values influencing their entrepreneurship. The statistical analysis depends on fifty respondents from the women farmers group. We employed partial least squares-st...

Our research examines peasant families' entrepreneurial literacy and entrepreneurial behavior. The study was conducted in rural areas of North Morowali. This location is one of the agricultural bases in the Central Sulawesi Province (Indonesia). We employ a qualitative approach with a case study. The data were gathered through observation and in-de...

The aim of this study is to assess the relationships between each of three factors (perceived entrepreneurial capacity, perceived social norm, and attitude towards entrepreneurship) and entrepreneurial intention. Based on a conceptual model out of theory of planned behavior, this study was designed to examine how the model works in the case of Kore...

This study investigates the application of orthogonal generalized auto-regressive conditional heteroscedasticity (OGARCH) in predicting the co-movement of banking sector stocks in In-donesia. All state-owned banking sector stocks in Indonesia were studied using daily data from January 2013 to December 2019. The findings indicate that the OGARCH met...

Global dependence on fossil fuels remains high despite the rapid expansion of renewable energy initiatives, and fossil fuels extracted from the earth's crust are major contributors to greenhouse gasses. Unlike greenhouse gas studies in the downstream area, currently, few studies have investigated greenhouse gas in the upstream field, and there is n...

Local wisdom is increasingly crucial to preserve rural societies' self-confidence and solidarity spirits in boosting economic growth. Notwithstanding the success of microfinance groups in East Sumba, Indonesia, the problem related to a small capital base exists. In this respect, adhering to local wisdom likely develops social entrepreneurship to st...

Higher education institutions' contributions to environmental conservation are manifested in their commitments to develop Sustainable Campuses. Numerous studies have investigated higher education institutions' efforts to create Sustainable Campuses. Many studies on Sustainable Campuses have been completed partially. The analysis is carried out on t...

In the literature, the existence of the Phillips curve in every country has been extensively explored. The goal of this research is to investigate the inflation-unemployment trade-off in Indonesia. We used secondary data for 1977 through 2019 from the World Bank for analysis. The Structural Vector Autoregression (SVAR) results revealed a negative c...

This study investigated the role of financial literacy in the relationship between women’s empowerment and green microfinance. We set a conceptual model with green microfinance as an outcome variable, financial literacy as a mediating variable, and women’s empowerment as an exposure variable. Variance-based SEM was employed for analysis. The result...

The joint hypothesis test is a replicable interpretation of the quantity theory of money (QTM) when used as an inflation theory. This study examined the effect of money supply and gross domestic product (GDP) growth on inflation volatility. We used the crosscountry data of 40 countries, both in 2002 and 2014, from the World Bank publications. We an...

This study examined a mediating role of safety in the relationship between purchase power and quality of life based on cross-sectional data of twenty-eight Asian countries in 2020. For structural model analysis, this study set conceptual model with quality of life as an outcome variable, safety as a mediator variable, and purchasing power as a pred...

Higher education plays a significant role in shaping the future national competitiveness. In Indonesia, its governance drives a massive transformation and is more focused on the internal quality assurance over the external one. There are several changes from aspects related to the implementation of internal quality assurance system, especially on t...

Capital market integration has become an interesting research topic nowadays. Many studies have tried to explain this phenomenon using various methods. Here, we used sophisticated methods to explain capital market integration. This study aims to scrutinize the Association of Southeast Asian Nations (ASEAN) capital market integration. This study hop...

Background: Most Indonesians with hyperuricemia are less than 40 years old, which suggests an increasing gout risk in the country. Meanwhile, untreated hyperuricemia was also suggested to lead to hypertension. Yet, it is unclear whether blood pressure (BP) plays a mediating role between urate and gout. Objective: We investigated the mediating ef...

Women empowerment is counted as the fifth sustainable development goal known as gender equality (SDG 5), and it is affected by many factors. In East Sumba, renewable energy development as the seventh sustainable development goal (SDG 7: Affordable and clean energy) provides opportunities and challenges in empowering women. Rural microfinance instit...

This study aims to understand the effect of corporate social responsibility (CSR) on corporate value with profitability as an intervening variable. The corporate value (dependent variable), CSR (independent variable), and profitability were measured by Tobin's Q referring to the Global Reporting Initiative (GRI) G4, and the ratio of ROA and ROE res...

This study analyzes the spillover effect of markets' commodity, exchange rate, and stock price. Starting from July 1, 2009, the daily data to December 31, 2019, are conducted in our study. The GARCH-ARMA approach has been undertaken in this study. The results show that four pairs experience the unidirectional (positive) spillover effect of return....

Online business development ease consumers to make purchases. One marketplace that can be consumer choice to shop online is Akulaku. Online purchasing decisions at Akulaku can be influenced by various factors such as ease of transaction and e-service quality. This study aims to analyze the effect of ease of transaction and e-service quality on onli...

This study seeks to investigate the stock market reaction to football match results in different venues and competition types, especially for three major football clubs: Manchester United, Juventus FC, and Borussia Dortmund. We use a parametric paired sample t-test. The findings show that investors take not only match results but also venues and co...

Countries throughout the world, including Indonesia, are facing a complex problem with regards to HIV infection incidences and its prevalence. This is despite some local governments in some provinces of Indonesia working together with the Social Ministry of Indonesia to eradicate prostitution. There are high numbers of HIV sub-types in Indonesia su...

This study is aimed to investigates the shock of money supply and the interest rate in Indonesia. The Analysis was conducted by Structural Vector Autoregression (SVAR). The results proved the shock of the BI (Bank of Indonesia) Rate had a greater influence by itself than the shock of the money supply. In contrast, the shock of the money supply had...

Unemployment has been such a problem and a significant focus in several countries, especially in developing countries such as Indonesia. In its journey, the economic development process causes various impacts, such as economic structure, institutions, and community life patterns. This study aims to confirm the existence of Okun's coefficients in In...

In this paper, the effects of Foreign Direct Investments (FDIs) and exports on economic growth in the Association of Southeast Asian Nations Plus Three countries are explored. The panel data of a total of 13 countries pertaining to the period from 2008 to 2018 were analyzed. Based on the result of the Lagrange Multiplier (LM) test, the data fit to...

The previous studies have shown that capital market integration has increased in the ASEAN-5, implying that investors making investment diversification across ASEAN capital markets could only earn limited diversification advantages. To diversify their portfolios, equity investors must find other assets. The main focus of this research is to analyze...

This study aims to analyze the Keynes’ investment and saving model in Indonesia from 1981 to 2018. The researchers use the econometric test from the Granger causality test to find the short-run causal relationship and the Vector Error Correction Model to reveal both the short-run and long-run effects in the model. The result of Granger causality te...

Unemployment and gross domestic product are persistent challenges for every country, especially the developing ones. As a developing country, Indonesia aims simultaneously to reduce unemployment and to increase gross domestic product. Therefore, this study explains the presence of Okun's coefficient in Indonesia from 1985 to 2018. The econometric m...

Economic development constantly faces various macroeconomic issues such as achieving inflation targets, creating job opportunities, increasing economic growth, solving unemployment problems, and flattening income distribution. This study aims at analyzing the impact of provincial minimum wages, economic growth, and education level on female labor f...

Economic development constantly faces various macroeconomic issues such as achieving inflation targets, creating job opportunities, increasing economic growth, solving unemployment problems, and flattening income distribution. This study aims at analyzing the impact of provincial minimum wages, economic growth, and education level on female labor f...

Microfinance has been addressed as a mechanism to increase financial access to the poor as one of the sustainable development goals. Accordingly, a more comprehensive understanding of the determinant factors of microfinance sustainability is necessary to implement further these financial institutions in rural areas. This research seeks to develop s...

This research examines the influence between access to financing and performance through the mediation of entrepreneurial-oriented finance in batik SMEs. The structural equation modelling (SEM) analysis results of 265 SMEs reveal that entrepreneurial-oriented finance has an influence between financing access and SME performance. A positive direct e...

The Tirta Mandiri village-owned enterprises or BUMDes is one of the best village-owned enterprises in Indonesia. It has made these village-owned enterprises a learning center for others in Indonesia. Currently, Tirta Mandiri village-owned enterprises have the role of creating new business fields in Ponggok Village (Polanharjo District, Klaten Regen...

Microfinance has been widely used to alleviate poverty in rural areas. A comprehensive understanding of the determinant factors applicable to microfinance sustainability is required for the effective implementation of this type of finance in rural areas. This study aimed to contribute to the development of microfinance models and policy formulation...

Objective: Labor economics policy instruments, such as gross domestic product (GDP) and unemployment are persistent challenges for every country. As an emerging country, Indonesia seeks to reduce unemployment and increase gross domestic product. The aim of this study is to investigate the relationship between GDP and the open unemployment rate in I...

Objective: International trade plays a major role in increasing the output of each country. Crude Palm Oil (CPO) is one of Indonesia’s major export commodities. Facts show over the past two decades, CPO has become a fast-growing product. However, there are obstacles from one of Indonesia’s CPO importers, namely the European Union. The aim of this s...

This study aims to describe the implementation of public policy from the perspective of Dye's theory of spatial planning for housing in Semarang Regency. The primary data used in this study were obtained from ten informants as the representatives of each business activity who proposed location permits for housing activities. While the secondary dat...

The labor force participation rate in Indonesia has increased during the period from 2008 to 2017. This paper attempt to investigate the issue, three independent variables encompassing, gross regional domestic product per capita at current prices, male life expectancy, and the number of dependents were considered in this paper, to understand if the...

The Kedungsepur National Strategic Area was formed to realize urban areas as the center of national and international economic activities. In order to realize this goal, government expenditure and economic growth are important variables in the development process. Empirically, the study was conducted to analyze the relationship between government e...

Purpose: As the globalization has changed the working environment, organizations need more adaptable individuals who have the abilities to work effectively, deal with unpredictable work situations, and adapt to diverse social contexts. Individuals’ international experience such as being enrolled in a study exchange program has been extensively exam...

This study aims to determine the factors influencing the female workers' income in Central Java such as age, level of education, number of family dependents, marital status, business field, and type of area. study used a cross-sectional model with multiple linear regression analysis. The results showed that the variables of age and level of educati...

The short-term economic problems such as inflation and unemployment are among the most important macroeconomic problems at all times. Emprirical study was conducted with a purpose to analyze the causality of the inflation rate and the open unemployment rate of 33 provinces in Indonesia from 2013 to 2017. Indonesia's geographic condition which consi...

Developing microfinance in rural areas by considering local wisdom in Sumba-island becomes an urgent issue due to limited access to formal financial services experienced by the majority of the villagers. This study aims at describing the forms of local wisdom in rural microfinance to overcome problems of access to financial services. This is in lin...

Two closely watched indicators of economic performance are inflation and unemployment. This study empirically analyzes the causality between inflation and unemployment in Indonesia during 1984 to 2017. The data were gathered from the Indonesian Central Bureau of Statistics. Methodologically, this study employed the Granger Causality test and Vector...

The Central Bank held power to carry out a monetary policy through the setting of monetary targets such as the money supply or interest rates with the main objective of maintaining inflation at the level determined by the government. At the operational level, this monetary objective depends on the use of instruments, including open market operation...

The environment (nature) is one of the most important aspects of life that needs to be considered when referring to and regarding sustainable development. This article aims to describe environmental management based on local knowledge using the case study conducted focusing on Mbatakapidu. The environment, which is a space for people to create a su...

Conceptually and empirically, inflation volatility in Indonesia is a monetary and fiscal phenomenon. This study focuses on the macroeconomic policy and public policy especially causality between two variables namely inflation and money supply in Indonesia. This study uses Indonesian macroeconomic data of inflation and money supply from the Bank of...

Macroeconomic deals with the economy as a whole.It examines the behavior of economic aggregates such as gross domestic product, gross domestic product per capita, consumption, investment, inflation, exchange rate, money supply, export, import, unemployment, debt, interest rates, and so forth. Aggregate behavior refers to the behavior of households,...

Money and space were elements that continually contested. This article aimed to described the role of money and space to support development activity, using the case study of Mbatakapidu. “Money” in this article was referred to fund assistance from external parties such as government (central, province or regency), non-governmental organization (NG...

Money and space were elements that continually contested. This article aimed to described the role of money and space to support development activity, using the case study of Mbatakapidu. “Money” in this article was referred to fund assistance from external parties such as government (central, province or regency), non-governmental organization (NG...

Macroeconomic deals with the economy as a whole. It examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices. Aggregate behavior refers to the behavior both households and firms. This study aims to analyze influence of population growth, inflation, and unemployment towards econo...

This article aims to describe impact of fiscal transfer such as village funds allocation towards regional inequality in East Sumba. This article use data such as gross regional domestic product at 2000 constant prices and realization of village funds allocation from 2008 to 2010. The result shows that village funds allocation has a positive and sig...

Hasil dari penyusunan Kajian Potensi Retribusi Pelayanan Parkir di Tepi Jalan Umum Kota Salatiga dimaksudkan untuk memperoleh data atau informasi tentang potensi besarnya penerimaan retribusi daerah dari retribusi Retribusi Pelayanan Parkir di Tepi Jalan Umum yang dapat disumbangkan pada PAD Kota Salatiga melalui observasi perhitungan jumlah kendar...

This article aims to describe some efforts of every country worldwide to promote welfare of the society like economic, social, environment aspects without harming the environment or social life. There is an effort to support development thought some great event such as the UN conference on sustainable development (Rio+20). This effort creates mille...

Buku ini membahas tentang pengalaman orang Mbatakapidu dalam berperilaku ekonomi, sosial dan lingkungan, yang dibagi dalam sepuluh kasus seperti berladang, bertemak. berdagang. investasi, relasi orang Mbatakapidu dengan program pemerintah dan LSM, hubungan kekerabatan, dinamika organisasi warga, kelembagaan adat, menjaga mata air dan padang rumput....

This research aimed to understand about the development disparity among Regional Development Units in East Sumba Regency. The data was analyzed with Williamson