Raden Aswin Rahadi

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Verified

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• Doctor of Science in Management
• Professor (Assistant) at Bandung Institute of Technology

Corporate financial distress is a recurring challenge, particularly during economic downturns and sector-specific crises. In Indonesia, the Penundaan Kewajiban Pembayaran Utang (PKPU) framework offers a legal mechanism to facilitate debt restructuring. This study applies a systematic literature review (SLR) combined with a case study of PT Rejekite...

This study aims to analyse the effect of credit risk and internal bank factors on profitability in the Indonesian banking sector, focusing on institutions categorised under KBMI (Kelompok Bank berdasarkan Modal Inti) Groups 3 and 4, which are considered systemically important due to their large core capital. The research covers 2019-2023 and utilis...

In Indonesia, local dwellers used to obtain their clean water by conducting land drilling and pump the clean water which they could find. If this action were allowed to be done by most of Indonesian people, especially people in Bandung, then the availability of clean water will reduced dramatically, if not exhausted. Water conservation become very...

Artificial Intelligence (AI) is transforming Indonesia's financial sector by enhancing operational efficiency, expanding financial inclusion, and addressing key socioeconomic challenges. As a rapidly growing digital economy with over 202 million internet users, Indonesia presents significant opportunities for AI-driven innovations in banking, finte...

The global music industry has evolved into a significant economic and cultural force, with K-pop playing a leading role in digital innovation, brand monetization, and global fan engagement. This study examines the intangible value and economic impact of K-pop groups, using NewJeans as a 54 case study to assess how artist branding, digital economies...

Chronic kidney disease (CKD) poses significant medical and economic challenges, particularly in pediatric patients, with steroid-resistant nephrotic syndrome (SRNS) being a major contributor. Despite the financial support provided by Indonesia’s BPJS health insurance system, the rising prevalence of SRNS necessitates a reassessment of treatment str...

The COVID-19 pandemic created changes in the telecommunications industry in Indonesia. During the pandemic, demand for digital services increased as people relied on online platforms for work, education, and daily activities. This led to an increase in demand for telecom companies. However, after the pandemic ended and people returned to normal phy...

This study discusses the analysis of financial performance and potential bankruptcy of all publicly listed pharmaceutical companies in Indonesia during and after the COVID-19 pandemic. This study uses financial ratio analysis such as Liquidity, Solvency, Profitability, and Activity Ratio as well as bankruptcy potential assessment with the Altman Z-...

The planned termination of coal-fired power plants (PLTU) and the ongoing energy transition are set to significantly reshape Indonesia's energy sector. This shift is expected to lead to a marked decrease in coal demand. In response to these changes, several coal companies in Indonesia are diversifying their operations into green energy enterprises....

Climate change is a global challenge with far-reaching consequences, prompting the establishment of the Paris Agreement in 2015 under the United Nations Framework Convention on Climate Change (UNFCCC). As a signatory since 2016, Indonesia has demonstrated its commitment to addressing climate change through an enhanced Nationally Determined Contribu...

Red mud is a byproduct of Bayer process in alumina refinery which become a major problem in the industry. The waste causes alumina refinery to spend significant amount of capital and operational expenditure to handle and was historically have caused environmental damage to its surrounding environment. To fill the research gap, this work is design t...

The Digital Era is related to the development of Financial Technology (Fintech), and the COVID-19 pandemic boosted this development. With this rapid development, a new crucial phenomenon like being trapped in many lending and investments using their daily money happens. In the digital age, financial literacy is increasingly important things. Unfort...

Indonesia, with a population of over 270 million, offers a growing vaccine market, driven by strong immunization programs and post-COVID awareness. CZBP proposes a joint venture with PT BVS to establish a vaccine facility focusing on downstream processes. A financial feasibility study will evaluate investment costs, expected revenue, risks, and the...

Indonesia, with over 100 million active workforces, faces unique challenges in youth progression. Path to progress, in various forms of socioeconomic dimensions, is crucial for society with an enormous size of youths population. This "large demand" for progression is now colliding with two forces: the digital technology revolution and increasing tr...

PT Gunung Raja Paksi faces significant challenges in maintaining profitability, which impacts its overall financial health. Key risk factors include the volatility of raw material prices, intense competition within the steel industry, and economic downturns. Fluctuations in raw material prices affect production costs and profit margins. Rising raw...

VC investment has undergone a substantial transition, particularly in emerging countries, where there is a growing entrepreneurial culture. Southeast Asia (SEA) has emerged as an image of trust due to its remarkable accomplishments in venture capital funding. Notwithstanding, the VC success rate is quite low, with up to 75 percent of venture-backed...

4PACT, which was established in 2021, is an innovative startup operating in both the Food & beverage industry and the waste management industry. Its main objective is to address Sustainable Development Goal (SDG) number 12 by offering edible cutlery as a solution to reduce plastic waste and provide a distinctive value proposition to customers. At p...

This study examines the correlation between fundamental financial metrics and stock returns of Indonesia's LQ45 Index over a 10-year period (2014-2023). The study aims to provide actionable insights for investors and companies by identifying the most critical financial metrics in predicting stock price movements. By analyzing data from 16 consisten...

This research explores the future trends of K-pop by analyzing the genre's trajectory in the context of globalization, technological innovations, cultural dynamics, and sustainability. The study provides a comprehensive understanding of the factors influencing K-pop's global expansion and the implications for various stakeholders, including music i...

The increasing Initial Public Offerings (IPO) trend in Indonesia has created many investment opportunities for institutional and retail investors. However, multiple valuation methods often result in varying IPO price predictions, leading to uncertainty and confusion among investors. This study aims to assess the effectiveness of relative valuation...

Indonesia's drone industry is expanding rapidly, fueled by significant investments and the growing necessity of drone technology in agriculture, offshore mining, and aerial photography. The global and Asian drone markets are also on the rise, with a projected 7.1% CAGR increase driven by industrial use and substantial investments. However, valuing...

This research investigates the strategic adoption of Bitcoin as a corporate asset in Indonesia, focusing on its potential as an inflation hedge and its impact on enhancing shareholder value. Employing a mixed-method approach combining qualitative interviews and the Analytical Hierarchy Process (AHP), the study explores the challenges, risks, and op...

This study investigates the interconnections between the rising instances of illegal online loans, illegal online gambling, and the prevalence of sugar daddy relationships in Indonesia. The research aims to explore how financial desperation, exacerbated by the COVID-19 pandemic, drives individuals towards these activities and the resulting socio-ec...

This study aims to identify consumer behavior towards the development of business models carried out by showrooms and dealers, especially Carro Indonesia which is based on digital startups, and create a strategic position to gain a competitive advantage in the car buying and selling industry. To analyze the environmental factors of this business ex...

Despite being exceptionally regulated financial institutions, risk management practices (RMPs) of Islamic banking (IBs) have always remained under the limelight due to their impact on financial performance (FP) and the influence of digitalization (DT). This study aims to investigate the impact of RMPs on FP through the mediating effect of DT. To an...

This research investigates the strategic adoption of Bitcoin as a corporate asset in Indonesia, focusing on its potential as an inflation hedge and its impact on enhancing shareholder value. Employing a mixed-method approach combining qualitative interviews and the Analytical Hierarchy Process (AHP), the study explores the challenges, risks, and op...

This study explores the financial management behavior of micro-businesses in tourism destinations across West Java, Indonesia. Using a qualitative descriptive approach, data were collected through in-depth interviews and observations of eight micro-entrepreneurs operating in Pangandaran, Lembang, Ciwidey, Ciletuh Geopark, and Puncak. The findings r...

As a foundation engaged in education, XYZ Foundation seeks to provide the availability and quality of education in Indonesia by establishing Islamic boarding schools consisting of various education levels. XYZ Junior High School is one of the school units formed by the XYZ Foundation, which has increased the interest of new students in recent years...

The COVID-19 pandemic has fundamentally altered societal dynamics, particularly in the realm of residential preferences. This thesis investigates the shifting trends in post-pandemic housing preferences and their impact on residential decision-making. Key factors such as size, layout, amenities, location, outdoor spaces, and technological advanceme...

This study examines Indonesian State-Owned Enterprises (SOEs) asset management methods, problems, and financial and operational performance effects. The report synthesizes case studies and academic research on how large organizations manage their huge and diverse asset portfolios and how governance, regulatory frameworks, and human resource practic...

The value of MSMEs can be seen from their contribution to the national economy. More than 99% of Indonesia's current business units are MSMEs, contributing about 61% of GDP and providing all 97% of all jobs (Damuri, 2020). The research is conducted using the OECD framework (2018) to determine the financial literacy rate implications on MSMEs' compa...

PT. Langit Biru make investment project plan in biomedical implant production to grab the attractive market potential of biomedical implant and to diversify the business footprint in medical segment. Investment decision is made by considering the impacts of discrete risks using scenario analysis, and montecarlo simulations analysis for exploring th...

Financial literacy is the knowledge, skills, and beliefs that influence attitudes and behavior to improve the quality of decision-making and financial management to achieve prosperity. Based on that, this research will examine the relationship between financial literacy level and the retirement readiness of Indonesian Oil and Gas expatriates in Sau...

The Indonesian real estate market has shown promising development in recent years, attracting investors seeking lucrative opportunities. This research aims to increase the success rate of real estate investments in Indonesia by examining the connection between macroeconomic factors and consumer behavior. This study employs vector autoregression (VA...

PT. Langit Biru membuat rencana proyek investasi di bidang produksi implan biomedis untuk menangkap potensi pasar yang menarik dari implan biomedis dan untuk mendiversifikasi jejak bisnis di segmen medis. Keputusan investasi dibuat dengan mempertimbangkan dampak dari risiko diskrit dengan menggunakan analisis skenario, dan analisis simulasi monteca...

The "winter tech" phenomenon, marked by employee layoffs and technology usage decline in leading Indonesian digital startups like Go To and Traveloka, is exacerbated by the COVID-19 pandemic, causing a widespread economic downturn, and revealing financial instability. Despite government support, persistent challenges, notably the correlation betwee...

The rapid development of financial technology (Fintech) is happening in this digital age and become the reason why individuals should be equipped with digital financial literacy. Fintech will help our financial activities but will become a big risk if we don't have the basics of Digital Financial Literacy. Many phenomena happen in Indonesia, such a...

The "winter tech" phenomenon, marked by employee layoffs and technology usage decline in leading Indonesian digital startups like Go To and Traveloka, is exacerbated by the COVID-19 pandemic, causing a widespread economic downturn, and revealing financial instability. Despite government support, persistent challenges, notably the correlation betwee...

The building industry significantly impacts environmental degradation due to its reliance on conventional materials such as cement and concrete, which are associated with high carbon emissions and substantial energy consumption. This study explores the socioeconomic impacts of substituting fly ash and agricultural waste for traditional construction...

Indonesia's rattan industry, a major contributor to the Indonesian economy, faces significant challenges, such as fluctuating raw material supply, rising production costs, and competition from synthetic furniture products. CV Tropica Rattan, a mid-sized company in Cirebon, faces the challenges of declining export performance and limited innovation....

This study examines the financial due diligence for the proposed merger between PT XL Axiata Tbk and PT Smartfren Telecom in Indonesia's competitive telecommunications industry. This research provides a detailed analysis of financial performance, liquidity, solvency, synergy value, and valuation using Discounted Cash Flow (DCF) methodology. The fin...

Security in Operational Technology (OT) networks faces different challenges when compared with traditional networks. In OT environments, availability and visibility are prioritized over data integrity, leading to unique cybersecurity concerns. The start-up narrowin offers a digital twin software solution with which companies can scan their existing...

Halal entrepreneurship is relevant for national economic growth, with the application of the AAOIFI transaction standard (ATS) having diverse impacts on halal digital entrepreneurship engagement. Despite the significant halal market value, ATS influence on business practices presents significant opportunities and challenges for halal digital entrep...

This paper investigates the relationship between macroeconomic factors, firm financial position, and firm value in Indonesia's property and real estate sector from 2017 to 2022. The property and real estate sectors significantly influence Indonesia's economic growth. Nevertheless, the real estate sector has encountered significant obstacles in rece...

This study examines how external auditors respond to the disclosure of cyber exposures by commercial banks and how the COVID-19 pandemic period accentuates the effect of voluntary cyber risk disclosures (CRDs) on audit fees. Our study is a preliminary study analysing the CRD of the financial industry in emerging economies in the Association of Sout...

The market size of medical implant in Indonesia is estimated around US$ 20 million in 2021 and will reach a value US$ 36,67 million by 2026 with 15.2% CAGR. Furthermore, the total medical implant market size in Asia was estimated US$ 7.302 million and is expected to growth become US$ 10,610 million in 2026. Those number bring medical implant busine...

Digitalization has transformed the monetary system more radical for many years. This study aims to investigate the effect of digital payments on macroeconomic stability. Electronic money is used as a proxy for digital payment. The macroeconomic stability is calibrated using exchange rate volatility and inflation rate. This study uses monthly da...

Entrepreneurship growth in a country is one of the nation's welfare indicators. For a variety of reasons, individuals decide to engage in entrepreneurial activities. This study aims to propose a new conceptual framework for halal entrepreneurship engagement in digital halal business. This fills the gap in the entrepreneurship engagement research th...

Indonesia is the world's top producer and exporter of palm oil, generating 46 million tonnes of crude palm oil. PT SMART Tbk (SMAR) is one of Indonesia's big palm oil companies, with a plantation area of 136,402 hectares. The Indonesian government implemented the B35 biodiesel policy in February 2023, indicating there is potential for growth in the...

Korean pop (KPop) is a part of the hallyu (Korean wave) movement which has significantly become a cultural export from South Korea. Renowned for its intricate music videos, choreographed performances, and carefully chosen imagery, but has come under fire for its obsession with physical attractiveness and rigid control, these are built solely to gai...

Joko Widodo, the president of Indonesia has emphasized the construction and improvement of Indonesia's infrastructure ever since he is elected as president in 2014. The numerous infrastructure construction demand to support the development of Indonesia could potentially lead to high amount of demand in concrete structure. The current challenge of P...

Over the past few decades, telecommunication in Indonesia has experienced enormous growth and development, playing a crucial role in supporting the advancement of society, economic prosperity, and human connectivity. A couple major companies dominate the market including PT Telekomunikasi Indonesia and private firms like PT Indosat Ooredoo and PT X...

The development of an Indonesia new national capital requires a significant workforce, with over 260,000 construction workers needed for the phase 1 construction between 2022 and 2024. To support this massive undertaking, PT. XYZ received an opportunity to provide catering services for 4,500 employees involved in building the nation’s capital, know...

This thesis explores the feasibility study and potential revitalization of underutilized commercial buildings in Bandung, focusing specifically on the case of XYZ Hotel. The argument contends that many commercial buildings in Bandung remain underutilized, missing out on opportunities to generate higher income by utilizing their full potential. The...

The Pongkor Gold mine is under Production Operation Permit until 2031 while existing feasibility study stated that Pongkor gold Mine only have economical number until 2025 with ore volume in 1.5 million wmt and ore grades above 4 gpt. Pongkor Gold Mine has resources in low-grade gold ore (below 4 gpt) in 1.9 million wmt with the grades is 3.61 gpt....

In 2019 the pandemic Covid-19 caused sharp decline on Indonesian economy, yet in 2021 the economic condition started to recover, indicated by 7% increase in Gross Domestic Product and Consumer Confidence Index. One sector influenced by strong economic recovery is property industry, furthermore government gave stimulus to boost property industry gro...

The objective of this study is to determine the best debt-equity combination to fund the Public-Private Partnership (PPP) project applying the Build-Operate-Transfer (B-O-T) scheme for the total renovation of Karebosi Field in Makassar City, Indonesia. To assess the feasibility of the project, the financial feasibility study methodology is conducte...

The Russia-Ukraine Crisis in 2022 adversely affected the business performance of PT Indofood CBP Sukses Makmur Tbk (ICBP), the largest noodle manufacturer in Indonesia, due to volatile wheat prices. During Q2, ICBP witnessed a 16% growth in net revenue but a substantial 40.1% decline in profit, primarily attributed to escalating commodity prices. T...

The rise of digital streaming and investing in Indonesia has been exacerbated by the COVID-19 pandemic. One company involved in this unprecedented scenario is PT Global Mediacom TBK (BMTR). The everchanging digital streaming landscape and its massive growth create both an opportunity and threat for the company’s growth. The study aims to analyse st...

This paper presents a research study focusing on investor behaviour patterns and decision-making processes when selecting investment products and exploring alternative options, P2P lending and gold saving. The study also explores the potential attractiveness of banking as an investment option if banks can offer alternative products that are current...

Pemberdayaan Kesejahteraan Keluarga (PKK) merupakan organisasi kemasyarakatan yang melibatkan partisipasi perempuan dalam upaya mewujudkan kesejahteraan keluarga. Berdasarkan survei OJK tahun 2019, indeks literasi keuangan perempuan tergolong rendah dibandingkan dengan laki-laki. Literasi keuangan akan menentukan tingkat inklusi keuangan dan sangat...

The technological advancement of Industry 4.0 embarked on a trend of digital payment in Indonesia to promote a cashless society. However, the rapid advancement of financial digitalization in the world should be prepared for the changes of a well-literate society. In Indonesia, a cashless society has been intensively promoted. But the low level...

Using a Literature Review methodology, this study focuses on identifying the methods used in the startup company valuation process and the characteristics of startup company valuation. Design/methodology/approach – Literature review based on previously conducted research studies in order to identify previously observed phenomena and cases. To gain...

The development of e-commerce in Indonesia is now showing a positive trend. Many users have taken advantage of e-commerce in shopping for various kinds of products, including building material products. The purpose of this study is to explain the motivational factors for shopping for building material products through e-commerce. The case study was...

Bubble tea is a popular drink among Generation Z in Indonesia. However, the quality of bubble tea varies depending on intrinsic and extrinsic factors to make it more appealing. On the basis of consumers' final economic activity, it is crucial to examine what factors influence consumer purchase decision behavior. Due to the bubble tea shop, owners w...

Jangkat coffee or Merangin Robusta coffee is a variety of Robusta coffee that is one of the leading commodities from the highlands of Merangin district, Jambi province. Jangkat robusta coffee has high potential because it already has its own geographical indication area and has a very good taste score if proper post-harvest processing is carrie...

Real estate typically relies on their experience to price property products. Pricing is subjective and controlled only by property developers, creating an imbalance for property consumers. This study aims to get the optimal price for actual Estate-based estate-based behaviour. This study reaches the data using mix method approach, qualitative by co...

Purpose – This paper aims to present studies related to cryptocurrency, highlight its adoption factors and supply applied methodology from recent research across various fields. Design/methodology/approach – In this review article, state-of-the-art of cryptocurrency adoption research are presented by merging literature from the subject of blockc...

This research aims to assess the valuation of Pertamina post restructuring using the Sum of The Part (SOTP) valuation method of each sub-holdings and subsidiaries. Internal and external analysis of each sub-holdings and subsidiaries used as the input of the valuation process. Intrinsic valuation method using FCFF and relative valuation method us...

Introduction: In 2022, the market capitalization of some publicly traded technology companies is declining. This period is commonly referred to as "winter" because it is more challenging for startups to get funding from investors. The study seeks to understand the impact of winter 2022 on the valuation and strategy of privately funded startups, foc...

Introduction: Internet penetration in Indonesia has reached 77%, with 21.6% of Indonesian users using mobile payments, and this shows that the use of QRIS has growth potential. Many variables are affected by QRIS, so this research aims to determine and analyze the influence of Financial and Digital literacy on QRIS. Method: This study used quantita...

The Pension Fund of PT Pos Indonesia (Dapenpos) is considering cutting off all its stock from the portfolio and trying to find the optimal portfolio to increase the funding ratio level. This research is using Modern Portfolio Theory (MPT) by Markowitz to solve the current issue faced by the company by optimizing company’s current portfolio, company...

The community can use various alternative modes of transportation, and the train is still the choice for most Indonesian people. PT Kereta Api Indonesia (Persero), the object of this research, has 2 main businesses, namely the railroad and the non-railroad businesses. A company’s business processes do not stop until the company benefits from the bu...

Indonesia is home to 22% of the world’s nickel deposits, and its restriction on nickel ore exports since 2020 has resulted in significant changes to the supply chains of vital items such as electric vehicles and the stainless steel sector. Approximately 75% of nickel is used in the manufacturing of stainless steel, the most common use of nickel. Ho...

The Covid-19 pandemic has brought an immense impact on Indonesia’s economy. Indonesia officially went into recession after the Central Statistics Agency (BPS) announced negative GDP growth for two consecutive quarters, namely in the second quarter (-5.32%) and the third quarter (-3.49%) of 2020. Indonesia’s contracted economy has caused depression...

Owing to frequent tectonic activities, the Lembang Fault area in Java Island is highly vulnerable to disasters. Encompassing 51 villages along the fault, this region has witnessed rapid economic growth, transforming it into a sought-after tourist destination. The objective of this research is to map the levels of economic activity in the area and o...

This study aims to identify the critical factors of shipping success and courier services in Indonesia. The study uses a survey questionnaire in Indonesia on the consumer preferences of logistics service consumers, using the location of Jakarta, Bogor, Depok, Tangerang, and Bekasi (Jabodetabek) as the locational preferences. The critical factors co...

The Covid-19 pandemic is causing the digital economy to expand quickly. The development of Islamic finance employing Islamic financial technology should see this technology and the burgeoning digital economy as a problem and an opportunity. One of the most sophisticated acceleration development products is blockchain, and become Islamic finance’s m...

This study examines the willingness of young people to become farmers, typically by analyzing their intention to work in the agriculture sector. The study is based on primary data using questionnaires distributed online to 200 respondents. The descriptive analysis, Mann-Whitney and Kruskal-Wallis's rank were used to assess demographic factors assoc...

Bank Indonesia operates as a central bank in Indonesia. Bank Indonesia acts as a regulator and has authority over the whole Indonesian payment system. One of the newest innovations in the payment system is the Quick Response code Indonesia Standard (QRIS). Furthermore, this study aims to evaluate the implementation of payment systems through digita...

Indonesia's financial literacy index does not match the financial inclusion index, which means that more people have access to financial products and services than people with the skills to make sound financial decisions. These people who do not have enough knowledge to make sound financial decisions can impact the individual and the whole econo...

Customer experience has been emphasized to be significant aspect in business transaction. Research in this topic has been widely executed from different and ranging results has been documented. As business adopt new technology, it has altered how customer experience work. When customer encounter new transaction method, their experience also shifted...

The mass adoption of paylater is a result of more accessibility and an easier requirement to request consumer loans compared to credit cards. In addition, paylater allows users to take credit or pay installments, which is useful for fulfilling needs. However, the ease and usefulness provided by paylater may lead to potential problems related to exc...

Financial security plays an important role in the company’s sustainability. Property is one of the financial security mediums and at the same time also as the investment medium. Not only the medium but also the investment destination is very influential in the result. Therefore, Jakarta as the capital city of Indonesia and as the centre of economic...

The emergence of technology 4.0 as a solution provider for economic development in the midst of the COVID-19 pandemic. Financial literacy variable, which has a positive influence on attitudes in non�cash transactions, attitudes, which have a positive influence on intentions in non-cash transactions. This study aims to analyze the synthesis lite...

Objective – There are three primary focuses of this study, namely: to understand past literature on sovereign wealth fund (SWF) pattern of development, the impact of SWF investment on target firm financial performance, and how SWF fosters infrastructure development in Indonesia Methodology/Technique – The methodologies of this study are descriptive...

Indonesian Investment Authority (INA) which is considered as the Indonesia's sovereign wealth fund was established under government regulation (PP) No.74/2020. This regulation is derived from Act No.11/2020 regarding the employment creation. INA is formed to build wealth for future generations and contribute to Indonesia's sustainable economic deve...