Arianto Muditomo - Academia.edu (original) (raw)
Papers by Arianto Muditomo
Journal of Agricultural and Rural Economy
Even though many researchers and campuses have agricultural technology study programs, various te... more Even though many researchers and campuses have agricultural technology study programs, various technological and agricultural research in Indonesia still needs to be fully integrated. The author believes that technological advancements, particularly in Artificial Intelligence and Machine Learning, provide substantial advantages in various industries, including agriculture. This paper will examine the opportunities for using machine learning algorithms in precision agricultural research to inspire Indonesian agricultural researchers.
Advances in economics, business and management research, 2023
The purpose of this study is to evaluate the effect of payment system innovation on retailer effi... more The purpose of this study is to evaluate the effect of payment system innovation on retailer efficiency because of the implementation of the National Payment Gateway in Indonesia. We use a two-stage approach at the individual and national levels by adopting an efficient frontier approach using the Malmquist Productivity Index (MPI) based on data envelopment analysis (DEA) to measure the productivity of 5 Indonesian retailers during 2015-2020. Total assets, total expenses, and number of outlets are considered as inputs while net income, profit, and earnings per share (EPS) are considered as outputs. Result indicated that there was no significant improvement after GPN implementation in 2017. There was a lower improvement in MPI (1,0085971) during 2018-2020 as a period after GPN implementation as compared to MPI (1,0834615) during 2015-2017 as a period before GPN implementation. This study, however, is unable to prove that the implementation of GPN can improve retailer efficiency in Indonesia. The study's findings can help in our understanding of the efficient frontier, which can explain the relationship between payment system innovation and retailer efficiency. This will provide information for payment system policymakers to consider retail industry impact when setting up and/or initiating payment system innovations in the future.
International Journal of Research in Business and Social Science (2147- 4478)
An increase in population with various activities and lifestyles of a community has an impact on ... more An increase in population with various activities and lifestyles of a community has an impact on increasing volume, type, and characteristics of waste. The increase in the amount of waste needs to be balanced with the government and the ability to manage waste, so it is necessary to involve the community. This study aims to measure community participation in managing household waste that will support the agricultural sector. This study was carried out in Takalar Regency because Takalar is one of Indonesia’s regencies that has been successfully awarded the Community-Based Total Sanitation (STBM) from the Indonesian Ministry of Health and the Sustainable STBM Award in waste management. The method used in this study was a descriptive analysis of questionnaire data which was filled by 1011 villages of Takalar Regency. The study found that most of the Takalar citizens have participated in the waste management program initiated by the government of Takalar Regency. However, only a small n...
Jurnal Reviu Akuntansi dan Keuangan
Artikel ini bertujuan meneliti respon pasar modal terhadap penerapan Gerbang Pembayaran Nasional ... more Artikel ini bertujuan meneliti respon pasar modal terhadap penerapan Gerbang Pembayaran Nasional Indonesia, untuk membuktikan bahwa interkoneksi dan interoperabilitas transaksi di merchant akan meningkatkan penerimaan kartu debit dan uang elektronik pada sisi permintaan, mendorong lebih banyak transaksi di merchant dan mengurangi biaya pertukaran sehingga akan meningkatkan pendapatan pedagang pada sisi penawaran. Hasil penelitian menunjukkan bahwa pasar modal merespon positif dampaknya terhadap kinerja saham bank penerbit tetapi memberikan respon negatif terhadap saham pengecer. Penelitian ini melengkapi literatur penelitian event-study terdahulu di pasar modal Indonesia serta memberikan literatur baru tentang dampak model pasar dua sisi pembayaran ritel elektronik dari sudut pandang eksternalitas jaringan antara bank penerbit dan pengecer. Penelitian ini dilakukan hanya pada pasar modal Indonesia dan hanya pada implementasi kartu debit GPN.
Proceedings of International Conference on Economics Business and Government Challenges
This study aims to examine how the Indonesia’s card market reacted to National Payment Gateway (G... more This study aims to examine how the Indonesia’s card market reacted to National Payment Gateway (GPN) implementation. The GPN governs the interconnectivity, interoperability, and integration of the Indonesian payment network. Despite being included in the innovation management stage, the effectiveness of this GPN's implementation was not further evaluated due to its gradual implementation and the COVID-19 pandemic. We use data from the Indonesian card market and macroeconomic indicators from 2013 to 2021and employs a modified ARIMA model. This study is unable to prove empirically that GPN implementation has a significant impact on the growth of the card payment market. The past performance of the card payment market has a statistically significant influence on its future growth. The findings of this study will assist regulators and industry participants in implementing policies and strategies to increase the customer base and effectiveness of Indonesia's card payment business...
Jambura Equilibrium Journal
The purpose of this study is to explain the digital transformation of Indonesian micro and medium... more The purpose of this study is to explain the digital transformation of Indonesian micro and medium enterprises (SMEs) through descriptive data analysis on the implementation of the Indonesian quick response standard (QRIS) through the end of 2021. The implementation of QRIS in Indonesia increases literacy and electronic financial inclusion among Indonesian SMEs, attempting to make it easier for the government to conduct better monitoring of SME transactions. The development of QRIS, which began in 2019, has proven to be capable of improving the documentation of digital financial inclusion of SMEs with 14.78 million merchants, the majority of whom are SME merchants, specifically micro business merchants (UMI), small business merchants (UKE), and medium business merchants (UME). Similarly, SMEs dominate in terms of volume and nominal transactions. This descriptive analysis will provide an overview of the evolution of SME digitization in Indonesia, which market players and regulators ca...
Jurnal Keuangan dan Perbankan, 2021
The purpose of this study is to identify factors that can encourage an increase in profitsharing ... more The purpose of this study is to identify factors that can encourage an increase in profitsharing financing. These factors are third-party funds in the form of mudharabah deposits, non-performing financing, equivalent rate, operational efficiency ratio, economic growth, and inflation. The research method uses a co-integration and error correction model (ECM) with a sample of the Islamic banking industry in Indonesia from the first quarter of 2015 to the third quarter of 2020. The results show that the factors that encourage profit-sharing financing are the growth of third-party funds in the form of mudharabah deposits, nonperforming low funding, low equivalent rate, operational efficiency, and economic growth. These factors are the key to driving the growth of profit-sharing financing. This research contributes to providing various alternative strategies in encouraging the growth of profitsharing financing, such as increasing retained earnings from profit, providing attractive profit-sharing incentives, transparency of financial reports to attract people to invest in Islamic banks, prevention and supervision of non-performing financing, be careful in determining the ratio by taking into account several internal and external aspects, as well as paying attention to the movements of existing economic growth.
2020 International Conference on Information Management and Technology (ICIMTech), 2020
The purpose of this paper is to examine the role of information technology to response COVID-19 p... more The purpose of this paper is to examine the role of information technology to response COVID-19 pandemic. By drawing on an understanding of research synthesis as the interpretation of qualitative evidence gained from literature review of previous articles, journals, and research. The main research question of this paper is “What is the role of information technology in the successful handling of the COVID-19 pandemic?”. From this research we can conclude that during the COVID-19 pandemic there was a clear evidence that technology played an important role in the success of pandemic handling.
Kondisi ketidakpastian dan volatilitas perekonomian di awal tahun 2020 diluar perkiraan dan perhi... more Kondisi ketidakpastian dan volatilitas perekonomian di awal tahun 2020 diluar perkiraan dan perhitungan pelaku ekonomi. Wabah pandemi Covid-19 merubah wajah perekonomian global. Model-model ekonomi yang telah dikembangkan sebelumnya tidak lagi secara independent mampu memprediksi indikator-indikator perekonomian secara akurat. Salah satu indikator perekenomian yang patut dicermati kerena mampu memberikan indikasi kesejahteraan bangsa adalah konsumsi rumah tangga dan investasi. Artikel ini bertujuan untuk menyajikan sebuah model alternatif indikator nowcasting konsumsi rumah tangga dan investasi yang dapat digunakan sebagai input bagi model makroekonomi di Indonesia. Metodologi penulisan artikel ini adalah tinjauan kritis atas penelitian sebelumnya yang memberikan masukan model makroekonomi Indonesia sebagaimana rutin dilakukan Bank Indonesia dan tinjauan pusataka dari penelitian lain terkait. Hasil tinjauan kritis ini merupakan penjelasan atas model alternatif konsumsi rumah tangga ...
Journal of Accounting and Strategic Finance, 2021
An initial public offering (IPO) refers to the process of offering shares of a private corporatio... more An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. An IPO allows a company to raise capital from public investors. This study aims to prove the sectoral impact of the Covid-19 pandemic in Indonesia. Qualitative identification through content analysis on public online media and report documents on the results of analysis by research institutes and consultants identifies potential negative impacts on several industrial sectors as a result of the Covid-19 pandemic throughout 2020, but on the other hand, IPO action on the Indonesian capital market in 2020 still ongoing. Previous research has not been found specifically that analyzes the relationship between the impact of Covid-19 on industry and the performance of IPO actions per industrial sector, then through the IPO under-pricing phenomenon approach, empirical evidence is carried out. This research uses secondary data for the initial returns of 315...
Jurnal Keuangan dan Perbankan, 2021
The purpose of this study was to explain the IPO underpricing phenomenon and to find out whether ... more The purpose of this study was to explain the IPO underpricing phenomenon and to find out whether the decision tree algorithm model was able to predict the IPO performance during the Covid-19 pandemic in the Indonesian capital market. The model developed uses the IPO performance classification target variables, namely overpricing, zero, underpricing level-1 or underpricing level-2. Through the modeling of the decision tree algorithm using 149 IPO action data for 2017-2019 and tested on 45 IPO action data in 2020, the results of the study found that the decision tree algorithm was able to explain IPO performance based on the specified classification range. The use of the decision tree algorithm model to explain the IPO performance can be an alternative to the linear regression econometric model that has been widely used in previous studies to provide input for investors in making investment decisions.
Journal of Accounting and Investment, 2021
Research aims: COVID-19 Pandemic happens all over the world. Pandemic impact hits almost all elem... more Research aims: COVID-19 Pandemic happens all over the world. Pandemic impact hits almost all elements of life, one of the affected real sectors is finance especially the stock market. This research is aimed to present the reaction of the equity market in Indonesia towards the COVID-19 pandemicDesign/Methodology/Approach: The research method that is used is the study to examine market reaction towards the pandemic and abnormal return around the occurrence by using two methods; mean-adjusted abnormal return and market model.Research findings: From the research conducted over the 10 indicators of the stock market index in Indonesia, it is concluded that 8 industrial sectors that have tenacious reaction toward the COVID-19 pandemic hit in Indonesia, where it is also found that the agriculture sector; basic and chemical industry; miscellaneous, consumer goods; property and real estate; transport and infrastructure; finance; trade, service, and investment, give stronger reactions compar...
BASKARA : Journal of Business and Entrepreneurship, 2021
Digital transformation is one that has been accelerated in response to the COVID-19 pandemic that... more Digital transformation is one that has been accelerated in response to the COVID-19 pandemic that has hit the world since the end of 2019. As a sector that has proven reliable in facing the SME crisis, it is encouraged to accelerate its digital transformation process due to the distance limitation policy imposed during the pandemic. This article aims to assess the importance of understanding the right digital transformation model for each SME, especially in taking advantage of the accelerated momentum due to the social restriction policies imposed during the COVID-19 pandemic, because choosing the right model will provide a better probability of successful transformation. This research is qualitative research through content analysis to produce a theoretical model construction of the digital transformation model for SMEs in Indonesia which we call the reasonable digital transformation model for SME (R-DT for SME). The conclusion obtained is that based on the mapping of the digital t...
2020 International Conference on Information Management and Technology (ICIMTech), 2020
This research aims to analyze the differences in the number of cash, shop, intrabank, interbank, ... more This research aims to analyze the differences in the number of cash, shop, intrabank, interbank, and electronic transactions in normal conditions and at the time of the COVID-19 pandemic, and see if there is an increase or decrease in the number of transactions during the pandemic in 2020. It was an empirical study in which the survey was conducted using secondary data between January to March 2019 and January to March 2020, which collected from the Indonesia Central Bank (BI) Statistics Data and Financial Services Authority (OJK) Statistics Data. The data collected were analyzed with paired sample t-tests (95% significance level) by presenting several factors influencing customer perception. The research finds out that there is a statistically significant difference between the numbers of Electronic money transactions before and after COVID-19, while there are no statistically significant differences for other electronic retail payment transaction instruments, such as credit cards,...
Journal of Agricultural and Rural Economy
Even though many researchers and campuses have agricultural technology study programs, various te... more Even though many researchers and campuses have agricultural technology study programs, various technological and agricultural research in Indonesia still needs to be fully integrated. The author believes that technological advancements, particularly in Artificial Intelligence and Machine Learning, provide substantial advantages in various industries, including agriculture. This paper will examine the opportunities for using machine learning algorithms in precision agricultural research to inspire Indonesian agricultural researchers.
Advances in economics, business and management research, 2023
The purpose of this study is to evaluate the effect of payment system innovation on retailer effi... more The purpose of this study is to evaluate the effect of payment system innovation on retailer efficiency because of the implementation of the National Payment Gateway in Indonesia. We use a two-stage approach at the individual and national levels by adopting an efficient frontier approach using the Malmquist Productivity Index (MPI) based on data envelopment analysis (DEA) to measure the productivity of 5 Indonesian retailers during 2015-2020. Total assets, total expenses, and number of outlets are considered as inputs while net income, profit, and earnings per share (EPS) are considered as outputs. Result indicated that there was no significant improvement after GPN implementation in 2017. There was a lower improvement in MPI (1,0085971) during 2018-2020 as a period after GPN implementation as compared to MPI (1,0834615) during 2015-2017 as a period before GPN implementation. This study, however, is unable to prove that the implementation of GPN can improve retailer efficiency in Indonesia. The study's findings can help in our understanding of the efficient frontier, which can explain the relationship between payment system innovation and retailer efficiency. This will provide information for payment system policymakers to consider retail industry impact when setting up and/or initiating payment system innovations in the future.
International Journal of Research in Business and Social Science (2147- 4478)
An increase in population with various activities and lifestyles of a community has an impact on ... more An increase in population with various activities and lifestyles of a community has an impact on increasing volume, type, and characteristics of waste. The increase in the amount of waste needs to be balanced with the government and the ability to manage waste, so it is necessary to involve the community. This study aims to measure community participation in managing household waste that will support the agricultural sector. This study was carried out in Takalar Regency because Takalar is one of Indonesia’s regencies that has been successfully awarded the Community-Based Total Sanitation (STBM) from the Indonesian Ministry of Health and the Sustainable STBM Award in waste management. The method used in this study was a descriptive analysis of questionnaire data which was filled by 1011 villages of Takalar Regency. The study found that most of the Takalar citizens have participated in the waste management program initiated by the government of Takalar Regency. However, only a small n...
Jurnal Reviu Akuntansi dan Keuangan
Artikel ini bertujuan meneliti respon pasar modal terhadap penerapan Gerbang Pembayaran Nasional ... more Artikel ini bertujuan meneliti respon pasar modal terhadap penerapan Gerbang Pembayaran Nasional Indonesia, untuk membuktikan bahwa interkoneksi dan interoperabilitas transaksi di merchant akan meningkatkan penerimaan kartu debit dan uang elektronik pada sisi permintaan, mendorong lebih banyak transaksi di merchant dan mengurangi biaya pertukaran sehingga akan meningkatkan pendapatan pedagang pada sisi penawaran. Hasil penelitian menunjukkan bahwa pasar modal merespon positif dampaknya terhadap kinerja saham bank penerbit tetapi memberikan respon negatif terhadap saham pengecer. Penelitian ini melengkapi literatur penelitian event-study terdahulu di pasar modal Indonesia serta memberikan literatur baru tentang dampak model pasar dua sisi pembayaran ritel elektronik dari sudut pandang eksternalitas jaringan antara bank penerbit dan pengecer. Penelitian ini dilakukan hanya pada pasar modal Indonesia dan hanya pada implementasi kartu debit GPN.
Proceedings of International Conference on Economics Business and Government Challenges
This study aims to examine how the Indonesia’s card market reacted to National Payment Gateway (G... more This study aims to examine how the Indonesia’s card market reacted to National Payment Gateway (GPN) implementation. The GPN governs the interconnectivity, interoperability, and integration of the Indonesian payment network. Despite being included in the innovation management stage, the effectiveness of this GPN's implementation was not further evaluated due to its gradual implementation and the COVID-19 pandemic. We use data from the Indonesian card market and macroeconomic indicators from 2013 to 2021and employs a modified ARIMA model. This study is unable to prove empirically that GPN implementation has a significant impact on the growth of the card payment market. The past performance of the card payment market has a statistically significant influence on its future growth. The findings of this study will assist regulators and industry participants in implementing policies and strategies to increase the customer base and effectiveness of Indonesia's card payment business...
Jambura Equilibrium Journal
The purpose of this study is to explain the digital transformation of Indonesian micro and medium... more The purpose of this study is to explain the digital transformation of Indonesian micro and medium enterprises (SMEs) through descriptive data analysis on the implementation of the Indonesian quick response standard (QRIS) through the end of 2021. The implementation of QRIS in Indonesia increases literacy and electronic financial inclusion among Indonesian SMEs, attempting to make it easier for the government to conduct better monitoring of SME transactions. The development of QRIS, which began in 2019, has proven to be capable of improving the documentation of digital financial inclusion of SMEs with 14.78 million merchants, the majority of whom are SME merchants, specifically micro business merchants (UMI), small business merchants (UKE), and medium business merchants (UME). Similarly, SMEs dominate in terms of volume and nominal transactions. This descriptive analysis will provide an overview of the evolution of SME digitization in Indonesia, which market players and regulators ca...
Jurnal Keuangan dan Perbankan, 2021
The purpose of this study is to identify factors that can encourage an increase in profitsharing ... more The purpose of this study is to identify factors that can encourage an increase in profitsharing financing. These factors are third-party funds in the form of mudharabah deposits, non-performing financing, equivalent rate, operational efficiency ratio, economic growth, and inflation. The research method uses a co-integration and error correction model (ECM) with a sample of the Islamic banking industry in Indonesia from the first quarter of 2015 to the third quarter of 2020. The results show that the factors that encourage profit-sharing financing are the growth of third-party funds in the form of mudharabah deposits, nonperforming low funding, low equivalent rate, operational efficiency, and economic growth. These factors are the key to driving the growth of profit-sharing financing. This research contributes to providing various alternative strategies in encouraging the growth of profitsharing financing, such as increasing retained earnings from profit, providing attractive profit-sharing incentives, transparency of financial reports to attract people to invest in Islamic banks, prevention and supervision of non-performing financing, be careful in determining the ratio by taking into account several internal and external aspects, as well as paying attention to the movements of existing economic growth.
2020 International Conference on Information Management and Technology (ICIMTech), 2020
The purpose of this paper is to examine the role of information technology to response COVID-19 p... more The purpose of this paper is to examine the role of information technology to response COVID-19 pandemic. By drawing on an understanding of research synthesis as the interpretation of qualitative evidence gained from literature review of previous articles, journals, and research. The main research question of this paper is “What is the role of information technology in the successful handling of the COVID-19 pandemic?”. From this research we can conclude that during the COVID-19 pandemic there was a clear evidence that technology played an important role in the success of pandemic handling.
Kondisi ketidakpastian dan volatilitas perekonomian di awal tahun 2020 diluar perkiraan dan perhi... more Kondisi ketidakpastian dan volatilitas perekonomian di awal tahun 2020 diluar perkiraan dan perhitungan pelaku ekonomi. Wabah pandemi Covid-19 merubah wajah perekonomian global. Model-model ekonomi yang telah dikembangkan sebelumnya tidak lagi secara independent mampu memprediksi indikator-indikator perekonomian secara akurat. Salah satu indikator perekenomian yang patut dicermati kerena mampu memberikan indikasi kesejahteraan bangsa adalah konsumsi rumah tangga dan investasi. Artikel ini bertujuan untuk menyajikan sebuah model alternatif indikator nowcasting konsumsi rumah tangga dan investasi yang dapat digunakan sebagai input bagi model makroekonomi di Indonesia. Metodologi penulisan artikel ini adalah tinjauan kritis atas penelitian sebelumnya yang memberikan masukan model makroekonomi Indonesia sebagaimana rutin dilakukan Bank Indonesia dan tinjauan pusataka dari penelitian lain terkait. Hasil tinjauan kritis ini merupakan penjelasan atas model alternatif konsumsi rumah tangga ...
Journal of Accounting and Strategic Finance, 2021
An initial public offering (IPO) refers to the process of offering shares of a private corporatio... more An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. An IPO allows a company to raise capital from public investors. This study aims to prove the sectoral impact of the Covid-19 pandemic in Indonesia. Qualitative identification through content analysis on public online media and report documents on the results of analysis by research institutes and consultants identifies potential negative impacts on several industrial sectors as a result of the Covid-19 pandemic throughout 2020, but on the other hand, IPO action on the Indonesian capital market in 2020 still ongoing. Previous research has not been found specifically that analyzes the relationship between the impact of Covid-19 on industry and the performance of IPO actions per industrial sector, then through the IPO under-pricing phenomenon approach, empirical evidence is carried out. This research uses secondary data for the initial returns of 315...
Jurnal Keuangan dan Perbankan, 2021
The purpose of this study was to explain the IPO underpricing phenomenon and to find out whether ... more The purpose of this study was to explain the IPO underpricing phenomenon and to find out whether the decision tree algorithm model was able to predict the IPO performance during the Covid-19 pandemic in the Indonesian capital market. The model developed uses the IPO performance classification target variables, namely overpricing, zero, underpricing level-1 or underpricing level-2. Through the modeling of the decision tree algorithm using 149 IPO action data for 2017-2019 and tested on 45 IPO action data in 2020, the results of the study found that the decision tree algorithm was able to explain IPO performance based on the specified classification range. The use of the decision tree algorithm model to explain the IPO performance can be an alternative to the linear regression econometric model that has been widely used in previous studies to provide input for investors in making investment decisions.
Journal of Accounting and Investment, 2021
Research aims: COVID-19 Pandemic happens all over the world. Pandemic impact hits almost all elem... more Research aims: COVID-19 Pandemic happens all over the world. Pandemic impact hits almost all elements of life, one of the affected real sectors is finance especially the stock market. This research is aimed to present the reaction of the equity market in Indonesia towards the COVID-19 pandemicDesign/Methodology/Approach: The research method that is used is the study to examine market reaction towards the pandemic and abnormal return around the occurrence by using two methods; mean-adjusted abnormal return and market model.Research findings: From the research conducted over the 10 indicators of the stock market index in Indonesia, it is concluded that 8 industrial sectors that have tenacious reaction toward the COVID-19 pandemic hit in Indonesia, where it is also found that the agriculture sector; basic and chemical industry; miscellaneous, consumer goods; property and real estate; transport and infrastructure; finance; trade, service, and investment, give stronger reactions compar...
BASKARA : Journal of Business and Entrepreneurship, 2021
Digital transformation is one that has been accelerated in response to the COVID-19 pandemic that... more Digital transformation is one that has been accelerated in response to the COVID-19 pandemic that has hit the world since the end of 2019. As a sector that has proven reliable in facing the SME crisis, it is encouraged to accelerate its digital transformation process due to the distance limitation policy imposed during the pandemic. This article aims to assess the importance of understanding the right digital transformation model for each SME, especially in taking advantage of the accelerated momentum due to the social restriction policies imposed during the COVID-19 pandemic, because choosing the right model will provide a better probability of successful transformation. This research is qualitative research through content analysis to produce a theoretical model construction of the digital transformation model for SMEs in Indonesia which we call the reasonable digital transformation model for SME (R-DT for SME). The conclusion obtained is that based on the mapping of the digital t...
2020 International Conference on Information Management and Technology (ICIMTech), 2020
This research aims to analyze the differences in the number of cash, shop, intrabank, interbank, ... more This research aims to analyze the differences in the number of cash, shop, intrabank, interbank, and electronic transactions in normal conditions and at the time of the COVID-19 pandemic, and see if there is an increase or decrease in the number of transactions during the pandemic in 2020. It was an empirical study in which the survey was conducted using secondary data between January to March 2019 and January to March 2020, which collected from the Indonesia Central Bank (BI) Statistics Data and Financial Services Authority (OJK) Statistics Data. The data collected were analyzed with paired sample t-tests (95% significance level) by presenting several factors influencing customer perception. The research finds out that there is a statistically significant difference between the numbers of Electronic money transactions before and after COVID-19, while there are no statistically significant differences for other electronic retail payment transaction instruments, such as credit cards,...