Dr. Tastaftiyan Risfandy
Senior Researcher
Dr. Tastaftiyan Risfandy is a Lecturer at the Faculty of Economics and Business, Universitas Sebelas Maret (UNS), specializing in banking and finance. He obtained his Ph.D. from Université de Limoges, France, and completed a postdoctoral research program at the University of New Orleans, USA. His research focuses on Islamic banking, digital financial inclusion, corporate governance, and systemic risk. He has secured numerous research grants from institutions such as Bank Indonesia, OJK, and IDIC, and has published widely in reputable international journals. Dr. Tastaftiyan is also an active peer reviewer for Scopus-indexed journals and a frequent speaker at national and international academic forums.
Publications
- Saktiawan, B., Risfandy, T., & Toro, J. S. (2025). Firm characteristics and environmental performance: Evidence from ASEAN-5 countries. IOP Conference Series: Earth and Environmental Science, 1438(1). https://doi.org/10.1088/1755-1315/1438/1/012069
- Ismanto, H., Atmaji, A., Suhari, E., & Risfandy, T. (2025). The role of sales and investment on the environmental performance of publicly listed firms in Indonesia. International Journal of Trade and Global Markets, 21(2), 115–139. https://doi.org/10.1504/IJTGM.2025.146649
- Rahmadany, A. N., Risfandy, T., Achsanta, A. F., & Rifai, B. (2024). Liquidity and credit risks during the COVID-19 pandemic: evidence from a dual banking system. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-11-2023-0407
- Rahardjoputri, R., Risfandy, T., & Utami, A. D. (2024). BUSY COMMISSIONERS AND FIRM PERFORMANCE: DO SHARIAH-COMPLIANT FIRMS MATTER? Journal of Islamic Monetary Economics and Finance, 10(1), 93–110. https://doi.org/10.21098/JIMF.V10I1.1995
- Fachrudin, A., Setiawan, D., Djuminah, D., & Risfandy, T. (2024). Exploring the recent development of management control systems study. Cogent Business and Management, 11(1). https://doi.org/10.1080/23311975.2024.2357709
- Putri, V. A., Futri, I. N., Risfandy, T., Reniati, R., & Fazlurrahman, H. (2024). How Does Fintech Lending Affect Islamic Local Banks’ Efficiency During COVID-19 Pandemic in Indonesia? International Journal of Economics and Management, 18(1), 127–143. https://doi.org/10.47836/IJEAM.18.1.09
- Rahmadany, A. N., Risfandy, T., Achsanta, A. F., & Rifai, B. (2024). Liquidity and credit risks during the COVID-19 pandemic: evidence from a dual banking system. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-11-2023-0407
- Trinugroho, I., Risfandy, T., Hanafi, M. M., & Sukmana, R. (2023). Busy commissioners and firm performance: evidence from Indonesia. International Journal of Emerging Markets, 18(11), 5028–5048. https://doi.org/10.1108/IJOEM-01-2020-0007
- Harahap, B., Risfandy, T., & Futri, I. N. (2023). Islamic Law, Islamic Finance, and Sustainable Development Goals: A Systematic Literature Review. Sustainability (Switzerland), 15(8). https://doi.org/10.3390/SU15086626
- Syahfitri, A. R., & Risfandy, T. (2023). Female directors, the institutional environment and dividend policy: evidence from ASEAN-5 commercial banks. Studies in Economics and Finance, 40(4), 591–605. https://doi.org/10.1108/SEF-12-2022-0568
- Susamto, A. A., Octavio, D. Q., Risfandy, T., & Wardani, D. T. K. (2023). Public ownership and local bank lending at the time of the Covid-19 pandemic: Evidence from Indonesia. Pacific Basin Finance Journal, 80. https://doi.org/10.1016/J.PACFIN.2023.102072
- Safitri, R. D., Risfandy, T., Futri, I. N., & Yudaruddin, R. (2023). REAL EARNINGS MANAGEMENT IN FAMILY FIRMS IN INDONESIA. International Symposia in Economic Theory and Econometrics, 33A, 35–46. https://doi.org/10.1108/S1571-03862023000033A003
- Wardhani, D. K., Risfandy, T., Nainggolan, Y. A., & Setiyono, B. (2023). Generalist CEO and Firm Performance: Evidence from Indonesia. 171–179. https://doi.org/10.1108/S1571-03862023000033A012
- Aryani, Y. A., Gantyowati, E., Nurrahmawati, A., Arifin, T., & Sutaryo, S. (2023). WOMEN’S POLITICAL REPRESENTATION IN LOCAL GOVERNMENT: ITS IMPACT ON PUBLIC SERVICE QUALITY. Corporate Governance and Organizational Behavior Review, 7(3 Special issue), 375–384. https://doi.org/10.22495/CGOBRV7I3SIP12
- Risfandy, T., Tarazi, A., Trinugroho, I. (2022). Competition in dual markets: Implications for banking system stability. Global Finance Journal, Volume 52, May, 100579.
- Trinugroho, I., Risfandy, T., Hanafi, M.M., Raditya Sukmana (2022). Busy commissioners and firm performance: Evidence from Indonesia. International Journal of Emerging Markets, Feb.
- Purba, S.D., Risfandy, T., Nugroho, M.M. & M.R. (2022). Foreign institutional investors and dividend policy in Indonesia. Journal of Asset Management, 23, 235–245.
- Harahap, B., Risfandy, T. (2022). Islamic organization and the perception of riba (usury) and conventional banks among Muslims: Evidence from Indonesia. SAGE Open, 12(2), May.
- Hassan, M.K., Karim, M.S., Lawrence, S., Risfandy, T. (2022). Weathering the COVID-19 storm: The case of community banks. Research in International Business and Finance, 60, April, 101608.
- Achsanta, A.F., Risfandy, T., Pamungkas, P., Trinugroho, I. (2021). Related bank deposits: Good or bad for stability? Eurasian Economic Review.
- Syakir, M.F., Risfandy, T., Trinugroho, I. (2021). CEOs social capital and performance of zakat institutions: Cross-country evidence. Journal of Behavioral and Experimental Finance, 31.
- Radika, T., Risfandy, T., Wardhana, A.L.I. (2021). Women in a dual board system and dividend policy. Bulletin of Monetary Economics and Banking.
- F, G.A., Suhardjanto, D., S., A.A., Risfandy, T. (2021). Board remuneration and risk-taking in Islamic banks. International Journal of Economics and Management, 5(1).
- Trinugroho, I., Risfandy, T., Harahap, B., Hakim, A.R., Nugroho, S.A.L.I. (2020). Equity financing at Islamic banks: Do competition and bank fundamentals matter? Emerging Markets Finance and Trade.
- Santoso, W., Trinugroho, I., Risfandy, T. (2020). What determines loan rate and default status in financial technology online direct lending? Evidence from Indonesia. Emerging Markets Finance and Trade.
- Meslier, C., Risfandy, T., Tarazi, A. (2020). Islamic banks equity financing, shariah supervisory board, and banking environments. Pacific-Basin Finance Journal, Vol. 62.
- Risfandy, T., Pratiwi, D.I. (2022). The performance of Indonesian Islamic rural banks during COVID-19 outbreak: The role of diversification. Journal of Islamic Monetary Economics and Finance, Vol. 8 No. 3, August.
- Risfandy, T., Tarazi, A., Trinugroho, I. (2020). Dual market competition and deposit rate setting in Islamic and conventional banks. Global Finance Journal.
