Journal – UNS Fintech Center

Affiliate Journal Publication

Dive into a repository of cutting-edge research that drives global financial innovation. Our Journal Publications feature peer-reviewed studies published in Q1-Q3 Scopus-indexed journals, addressing topics such as fintech regulation, Islamic finance stability, and digital MSME empowerment. Notable works include:

Is Spin-Off Policy an Effective Way to Strengthen Islamic Banks? (Research in International Business and Finance, Q1)
The Non-Linear Impact of Transparency on Economic Growth (Journal of Economic Policy Reform, Q1)
Human Capital and Income Inequality in Indonesia (Cogent Economics & Finance, Q3)

These publications are cited by policymakers, academia, and institutions like the Indonesia Financial Service Authority (OJK) and the European Central Bank.

International Publication

2025

Pamungkas, P., Septianto, F., Trinugroho, I., Ab-Rahim, R., Ridhwan, M. M., & Sergi, B. S. (2025). Monetary Policy via Bank Lending Channel: Evidence from Lending Decomposition. Journal of Risk and Financial Management, 18(5). https://doi.org/10.3390/jrfm18050249
Trinugroho, I., Achsanta, A. F., & Pamungkas, P ., Sajidan. (2025). The impact of investment on environmental quality: evidence from Indonesian Provinces. International Journal of Trade and Global Markets, 21(1), DOI : https://doi.org/10.1504/IJTGM.2025.146310
Trinugroho, I., Septianto, F., Karyani, E., Hanafi, M. M., Alfitman, Salim, A., & Sergi, B. S. (2025). Non-Performing Loans and Bank Performance: Does Institutional Quality Matter? International Journal of Economics and Management, 19(1), 85–98. https://doi.org/10.47836/IJEAM.19.1.06
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
Tang C.F., Qi Z., Trinugroho I. Tourism-Led Growth in Shandong, China: A Comparison of Inbound and Domestic Tourism (2025) Tourism, 73 (2), pp. 227 – 239, DOI: https://doi.org/10.37741/t.73.2.3
Trinugroho I., Septianto F., Karyani E., Hanafi M.M., Alfitman, Salim A., Sergi B.S. Non-Performing Loans and Bank Performance: Does Institutional Quality Matter? (2025) International Journal of Economics and Management, 19 (1). 85 – 98, DOI: https://doi.org/10.47836/ijeam.19.1.06
Anam, M. C., Setyowati, A., & Achsanta, A. F. (2025). Country’s development and renewable energy adoption. IOP Conference Series: Earth and Environmental Science, 1438(1). https://doi.org/10.1088/1755-1315/1438/1/012082
Aryani, Y. A., Hubbuddiena, I. L., Setiawan, D., Arifin, T., & Gantyowati, E. (2025). Carbon and financial performance: the role of women on board as moderator variable from masculine country. Discover Sustainability, 6(1). https://doi.org/10.1007/S43621-025-01391-7
Budianto, Setiawan, D., Widarjo, W., & Arifin, T. (2025). Influence of Corporate Sustainability Committees, Environmental Performance, and Environmental Costs on Carbon Disclosure in Energy, Mining, and Transportation Companies in Indonesia. Journal of Asian Energy Studies, 9, 91–110. https://doi.org/10.24112/JAES.090006
Octavio, M. F. R., Setiawan, D., Aryani, Y. A., & Arifin, T. (2025a). Corporate Governance as a Driver: Enhancing ESG Performance in ASEAN Companies. Business Strategy and Development, 8(2). https://doi.org/10.1002/BSD2.70104
Octavio, M. F. R., Setiawan, D., Aryani, Y. A., & Arifin, T. (2025b). The relationship between corporate governance and sustainability performance: the moderating role of public attention. Asian Review of Accounting. https://doi.org/10.1108/ARA-01-2025-0009
Putri, E., Bandi, B., Widarjo, W., & Arifin, T. (2025). The value of cloud accounting for MSMEs: a Technology-Organization-Environment (TOE) framework perspective. Cogent Business and Management, 12(1). https://doi.org/10.1080/23311975.2025.2494712

2024

Goh, L. T., Trinugroho, I ., Law, S. H., & Rusdi, D. (2024). Institutional quality, FDI inflows, human capital development and poverty: a case of Indonesia. International Journal of Social Economics, 51(11). DOI : https://doi.org/10.1108/IJSE-09-2023-0733
Trinugroho, I., Pamungkas, P., Wiwoho, J., Damayanti, S,M., Pramono, T., Adoption of digital technologies for micro and small business in Indonesia, Finance Research Letters, Volume 45, 2022, ISSN 1544-6123, https://doi.org/10.1016/j.frl.2021.102156
Pamungkas P., Arifin T., Trinugroho I., Lau E., Sergi B.S. COVID-19, stability and regulation: evidence from Indonesian banks (2024) Studies in Economics and Finance, 41 (4), 741 – 750, DOI: https://doi.org/10.1108/SEF-12-2022-0569
Saputro N., Pamungkas P., Trinugroho I., Mahulette Y.C., Sergi B.S., Thye G.L. Google Trends, bank popularity and depositors’ fears in Indonesia (2024) Managerial Finance, 50 (6), 1089 – 1100, DOI: https://doi.org/10.1108/MF-03-2023-0144
Yusgiantoro I., Pamungkas P., Trinugroho I. The sustainability and performance of Bank Wakaf Mikro: waqf-based microfinance in Indonesia (2024) International Journal of Islamic and Middle Eastern Finance and Management, 17 (1), pp. 86 – 101, DOI: https://doi.org/10.1108/IMEFM-06-2022-0233
Trinugroho, I., Achsanta, A. F., Pamungkas, P., Saputro, N., & Yuniarti, S. (2023). Democracy, economic growth, and income inequality: Evidence from province level data. In Cogent Economics and Finance (Vol. 11, Issue 1). Cogent OA. https://doi.org/10.1080/23322039.2023.2220244
Mohd Daud S.N., Ahmad A.H., Trinugroho I. Financial inclusion, digital technology, and economic growth: Further evidence (2024) Research in International Business and Finance, 70. https://doi.org/10.1016/j.ribaf.2024.102361
Affandi Y., Ridhwan M.M., Trinugroho I., Hermawan Adiwibowo D. Digital adoption, business performance, and financial literacy in ultra-micro, micro, and small enterprises in Indonesia (2024) Research in International Business and Finance, 70, art. no. 102376 https://doi.org/10.1016/j.ribaf.2024.102376
Doddy Ariefianto M., Trinugroho I., Yustika A.E. Diversification, capital buffer, ownership and credit risk management in microfinance: An investigation on Indonesian rural banks (2024) Research in International Business and Finance, 69, art. no. 102268, DOI: https://doi.org/10.1016/j.ribaf.2024.102268
Wiwoho J., Trinugroho I., Kharisma D.B., Suwadi P. Islamic crypto assets and regulatory framework: evidence from Indonesia and global approaches (2024) International Journal of Law and Management, 66 (2),. 155 – 171,. DOI : https://doi.org/10.1108/IJLMA-03-2023-0051
Ariefianto M.D., Trinugroho I. Bank’s loan loss provisioning in large emerging countries: the role of motivation, capital buffer, business cycle and governance (2024) International Journal of Monetary Economics and Finance, 16 (6), pp. 481 – 504,. DOI: https://doi.org/10.1504/IJMEF.2023.136088
Md Jamil, A. R., Law, S. H., Khair-Afham, M. S., & Trinugroho, I. (2024). Financial inclusion and income inequality in developing countries: The role of aging populations. Research in International Business and Finance, 67, 102110. https://doi.org/10.1016/J.RIBAF.2023.102110
Wiwoho J., Trinugroho I., Kharisma D.B., Suwadi P. Cryptocurrency mining policy to protect the environment (2024) Cogent Social Sciences, 10 (1), art. no. 2323755. DOI: https://doi.org/10.1080/23311886.2024.2323755
Md Jamil, A. R., Law, S. H., Khair-Afham, M. S., & Trinugroho, I. (2024). Financial inclusion and income inequality in developing countries: The role of aging populations. Research in International Business and Finance, 67, 102110. https://doi.org/10.1016/J.RIBAF.2023.102110
Mortadza, N. S., Purwaningsih, Y., Trinugroho, I., & Mulyaningsih, T. (2024). DO INSTITUTIONAL ACTS AS ‘BULLET-PROOF’ FOR DUAL BANKING SECTOR DURING COVID-19 PANDEMIC? EMPIRICAL EVIDENCE FROM SELECTED HIGH-AND MIDDLE-INCOME COUNTRIES. International Journal of Business and Society, 25(3), 947–972. https://doi.org/10.33736/ijbs.8553.2024
Mortadza, N. S., Purwaningsih, Y., Trinugroho, I., Mulyaningsih, T., & Hakim, L. (2024). Interplay of Institutional Quality, Efficiency, and Stability in The Islamic Banking Sector of Malaysia. International Journal of Economics and Management, 18(1), 73–90. https://doi.org/10.47836/IJEAM.18.1.05
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
Viverita, V., Danarsari, D. N., Bustaman, Y., & Septianto, F. (2024). “The effect of banks’ cost efficiency and competition on liquidity creation”. Banks and Bank Systems, 19(1), 48–57. https://doi.org/10.21511/BBS.19(1).2024.05
Arifin, T., & Kabir, R. (2024). Does it cost to be politically connected? An examination of the grabbing hand hypothesis using corporate taxes. Financial Markets, Institutions and Instruments. https://doi.org/10.1111/FMII.12209
Aryani, Y. A., Mahendrastiti, A. E., Setiawan, D., Arifin, T., & Gantyowati, E. (2024). Women director characteristics and earnings quality: evidence from banking industry in Indonesia. Cogent Business and Management, 11(1). https://doi.org/10.1080/23311975.2024.2304371
Putra, F., Setiawan, D., Hartoko, S., & Arifin, T. (2024). Board Remuneration, Remuneration Committee, and Earnings Management in a Two-Tier System for Company Sustainable Development. Business Strategy and Development, 7(4). https://doi.org/10.1002/BSD2.70046

2023

Trinugroho, I., Achsanta, A. F., Pamungkas, P., Saputro, N., & Yuniarti, S. (2023). Democracy, economic growth, and income inequality: Evidence from province level data. In Cogent Economics and Finance (Vol. 11, Issue 1). Cogent OA. https://doi.org/10.1080/23322039.2023.2220244
Achsanta A.F., Pamungkas P., Trinugroho I., Gunarto, Goestjahjanti F.S. How Do Banks Set Their Propping Behavior Through Related Party Transactions During a Bail-In Regime? Evidence From an Emerging Market (2023) International Journal of Economics and Management, 17 (1), pp. 53 – 59, DOI: https://doi.org/10.47836/IJEAM.17.1.04
Wiwoho J., Trinugroho I., Kharisma D.B., Suwadi P. Islamic crypto assets and regulatory framework: evidence from Indonesia and global approaches (2024) International Journal of Law and Management, 66 (2),. 155 – 171,. DOI : https://doi.org/10.1108/IJLMA-03-2023-0051
Ariefianto M.D., Trinugroho I. Bank’s loan loss provisioning in large emerging countries: the role of motivation, capital buffer, business cycle and governance (2024) International Journal of Monetary Economics and Finance, 16 (6), pp. 481 – 504,. DOI: https://doi.org/10.1504/IJMEF.2023.136088
Md Jamil, A. R., Law, S. H., Khair-Afham, M. S., & Trinugroho, I. (2024). Financial inclusion and income inequality in developing countries: The role of aging populations. Research in International Business and Finance, 67, 102110. https://doi.org/10.1016/J.RIBAF.2023.102110
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
Anggraeni, V., Achsanta, A. F., & Purnomowati, N. H. (2023). Measuring opportunities: Transforming Indonesia’s economy through utilizing natural resources for sustainable development through green economy indicators. IOP Conference Series: Earth and Environmental Science, 1180(1). https://doi.org/10.1088/1755-1315/1180/1/012011
Arifin, T., Achsanta, A. F., & Trinugroho, I. (2023). Do academics in the boardroom create value for firms? Entrepreneurial Business and Economics Review, 11(2), 157–170. https://doi.org/10.15678/EBER.2023.110208
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
Fitriani, N., Setiawan, D., Aryani, Y. A., & Arifin, T. (2023). Does social media affect performance in e-commerce business? The role of customer management. Journal of Open Innovation: Technology, Market, and Complexity, 9(4). https://doi.org/10.1016/J.JOITMC.2023.100171
Maheresmi, M., Probohudono, A. N., Arifin, T., & Widarjo, W. (2023). DO TAX AVOIDANCE AND FIRM OWNERSHIP MATTER FOR SUSTAINABLE FINANCE DISCLOSURE? EVIDENCE FROM THE LISTED BANKS IN ASEAN COUNTRIES. International Journal of Professional Business Review, 8(4). https://doi.org/10.26668/BUSINESSREVIEW/2023.V8I4.1559
Aryani, Y. A., Gantyowati, E., Nurrahmawati, A., Arifin, T., & Sutaryo, S. (2023). DETERMINANTS OF LOCAL GOVERNMENT PUBLIC SERVICE QUALITY: EVIDENCE FROM THE DEVELOPING ECONOMY. Journal of Governance and Regulation, 12(1 Special Issue), 218–229. https://doi.org/10.22495/JGRV12I1SIART2

2022

Brahmana, R.K., Setiawan, D., Trinugroho, I. (2022). The impact of government nonmarket policy on a firm’s financial performance: a lesson from covid-19 pandemic lockdown’s policy. Asia-Pacific Journal of Business Administration.
Trinugroho, I., Pamungkas, P., Wiwoho, J., Damayanti, S.M., Pramono, T. (2022). Adoption of digital technologies for micro and small business in indonesia. Finance Research Letters Article in Press.
Hwang, J.Y.T., Arifin, T., Setiawan, D., Aryani, Y.A. (2022). How has the indonesian stock market performed during covid-19 outbreaks?. International Journal of Business and Society Vol. 22, No 3.
Sumarta, N.H., Prabowo, M.A., Amidjaya, P.G., Supriyono, E., Prameswari, A.P. (2022). Ceo characteristics and environmental performance: evidence from indonesian banks. International Journal of Business and Society Vol. 22, No 3.
Suryanto, Kumalasari, R., Guritno, D.C., Saputro, N., Marniyati, S. (2022). Do social-economy vulnerability indeks and poverty index have correlation?. International Journal of Business and Society Vol. 22, No 3.
Wiwoho, J., Saputro, N., Pamungkas, P., Trinugroho, I., Ariefianto, M.D., Goestjahjantie, F.S. (2021). Rural bank and regional economic development: evidence from indonesia. International Journal of Business and Society Vol. 22, No 3.
Arifin, T., Kabir, R., Marthon, K., Sutaryo, S. (2022). Is transactional political connection more valuable to firms than relational political connection?. Economic and Political Studies.
Tye, G.L., Law, S.H., Trinugroho, I. (2022). Do oil price fluctuations affect the inflation rate in indonesia asymmetrically?. Singapore Economic Review, 67(4), pp. 1333-1353.
Risfandy, T., tarazi, A., Trinugroho, I. (2022). Competition in dual markets: implications for banking system stability. Global Finance Journal Volume 52, May, 100579.
Chia, P.S., Law, S.H., Trinugroho, I., Wiwoho, J., Damayanti, S.M., Sergi, B.S. (2022). Dynamic linkages among transparency, income inequality and economic growth in developing countries: evidence from panel vector autoregressive (pvar) model. Research in International Business and Finance, 60, 101599.
Trinugroho, I., Risfandy, T., Hanafi, M.M., RadityaSukmana (2022). Busy commissioners and firm performance: evidence from indonesia. International Journal of Emerging Market, 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, pages 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 Volume: 12, issue: 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 Volume 60, April, 101608.
Latifah, L., Setiawan, D., Aryani, Y.A., Sadalia, I., Arif, M.N.R.A. (2022). Human capital and open innovation: do social media networking and knowledge sharing matter?. Journal of Open Innovation: Technology, Market, and Complexity, 8(3), 116.
Kiswanto, Setiawan, D. (2022). The impact of characteristics of the board of directors on the timelines of corporate internet reporting index of companies in indonesia. Indian Journal of Corporate Governance, 8(3), 116.
A, A., Setiawan, D. (2022). Determinants of factors affecting the amount of fees for audit services. Quality – Access to Success, 23(187), pp. 271-279.
Gantyowati, E., Rohman, A., Achmad, T., Setiawan, D. (2022). Reputation-based disclosure and cost of capital: the role of controlling ownership. International Journal of Business and Society, 23(1), pp. 359-370.
Setiawan, D., W, A.P. (2022). Water disclosure in the agriculture industry: does stakeholder influence matter?. Journal of Cleaner Production, 337, 130605.
Setiawan, D., Winarna, J. (2022). The determinants of local government performance. Quality – Access to Success, 23(186), pp. 93-97.
Setiawan, D., Asrihapsari, A., Brahmana, R., Rizky, H.P. (2022). Role of family ownership in the relationship between corporate social responsibility and firm performance. Complexity, 1318875.
Wijaya, I.F., Setiaji, B., Nugroho, L.I. (2022). Micro and small business risk-taking behaviour: does religion matter?. International Journal of Entrepreneurship and Small Business 45.
Thakur, O.A., Noordin, B.A., Matemilola, B.T., Alam, M.K., Setiawan, D. (2022). Impact of goodwill on capital structure and the moderating role of investors’ education. Managerial and Decision Economics 25/01.
Arifin, T., Kabir, R., Marthon, K., Sutaryo, S. (2022). Are transactional political connections more valuable to firms than relational political connections?. Economic and Political Studies 01/07.
Sutaryo, Sahari, S.b., Jakpar, S.b., Balia, S.S.b. (2022). Timeliness of local government budgeting in indonesia: do internal audit function and political factors matter?. International journal of Econimics and Management Volume 16(1), 65-81.
Achsanta, A.F., Lepetit, L., Tarazi, A. (2022). Government ownership of banks: implication for minority shareholder. Economic Modelling 16 (1): 83-94.
Saragih, J.J., Achsanta, A.F. (2022). Does high market power benefit government banks? evidence from an emerging country. International Journal of Economic and Management Volume 112, July, 105842.
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, Augustus.
Sutaryo, Sahari, S.b., Jakpar, S.b., Balia, S.S.b. (2022). Internal audit function and public service quality: evidence from indonesian local governments. Public Administration Issues, (5), pp. 110-133.
Chia, P.S., Law, S.H., Trinugroho, I., Wiwoho, J., Damayanti, S.M., Sergi, B.S. (2022). Dynamic linkages among transparency, income inequality and economic growth in developing countries: evidence from panel vector autoregressive (pvar) model. Research in International Business and Finance 60.

2021

Trinugroho, I., Law, S.H., Lee, W.C., Wiwoho, J. (2021). Effect of financial development on innovation: roles of market institutions. Economic Modelling 103.
Trinugroho, I., Santoso, W., Irawanto, R., Pamungkas, P. (2021). Is spin-off policy an effective way to improve performance of islamic. Research in International Business and Finance 56.
Ariefianto, M.D., Trinugroho, I., Lau, E., Sergi, B.S. (2021). Banks liquidity management dynamics: evidence from indonesia. International Journal of Emerging Markets.
Achsanta, A.F., Risfandy, T., Pamungkas, P., Trinugroho, I. (2021). Related bank deposits: good or bad for stability?. Eurasian Economic Review.
Saputro, N., Nugroho, A.A., Trinugroho, I. (2021). Financial technology and bank risk: a cross country study. International Symposia in Economic Theory and Econometrics 28.
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.
Muhtar, Arifin, T., Sutaryo (2021). Performance accountability in indonesian local governments: does monitoring really work?. International Journal of Accounting, Auditing and Performance Evaluation Volume 2 (2).
Setiawan, D., Brahmana, R.K., Maisaroh, A.A.a.S. (2021). Does a foreign board improve corporate social responsibility?. Sustainability 13.
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., Pamungkas, P., Wiwoho, J., Damayanti, S.M., Pramono, T., (2021). Adoption of digital technologies for micro and small business in indonesia. Finance Research Letters Vol 45 56, March 2022.
Saputro, N., Trinugroho, I., Purwaningsih, Y., Soesilo, A., Pamungkas, P. (2021). How rural banks respond to monetary transmission via bank lending channel?. International Journal of Economics and Management.
Winarna, J., Muhtar, Sutaryo (2021). Government internal control system and local government administration performance: evidence from indonesian local governments. Public Finance Quarterly.

2020

Trinugroho, I., Pamungkas, P., Tarazi, M.D.A.a.A. (2020). Deposit structure, market discipline, and ownership type: evidence from indonesia. Economic Systems Vol 44.
Trinugroho, I., Ariefianto, M.D., Abdurachman, R.W.a.E. (2020). The effect of competition and capacity on intermediation cost: a cross country study. International Journal of Economics and Management.
Law, S.H., Lau, W.T., M, a.N.N.A., Trinugroho, I. (2020). Can innovation improve income inequality? evidence from panel data. Economic Systems.
Soedarmono, W., Sobarsyah, M., Yudhi, W.S.A., Trinugroho, I., Warokka, A., Pramono, a.S.E. (2020). Loan growth, capitalization, and credit risk in islamic banking. International Economics Vol 163.
DeglInnocenti, M., Fiordelisi, F., Trinugroho, a.I. (2020). Competition and stability in the credit industry: banking vs. factoring industries. British Accounting Review Vol 52.
Alamsyah, H., Ariefianto, M.D., Saheruddin, H., Wardono, S., Trinugroho, I. (2020). Depositors trust: some empirical evidence from indonesia. Research in International Business and Finance Vol 54.
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, a.T. (2020). What determine 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.A. (2020). Islamic banks equity financing, shariah supervisory board, and banking environments. Pacific-Basin Finance Journal Vol. 62.
Risfandy, T., Tarazi, A., Trinugroho, a.I. (2020). Dual market competition and deposit rate setting in islamic and conventional banks. Global Finance Journal.
Latifah, L., Setiawan, D., Aryani, R.a.Y.A. (2020). Business strategys – msme performance relationship: innovation and accounting information systems as mediators. Journal of Small Business and Enterprise Development.
Setiawan, D., Taib, F.M., Chee, L.K.P.a.H.K. (2020). Ifrs, family ownership and earnings management in indonesia banking industry. International Journal of Economics and Management Vol 14.
Yulianti, R., Widagdo, A.K., Sutopo, D.S.a.B. (2020). Value relevance of realized gains and losses on available-for-sale securities. Journal of International Studies Vol 13.
Setiawan, D., Phua, L.K., Chee, H.K., Trinugroho, a.I. (2020). The effect of audit committee characteristics on earnings management: the case of indonesia. Afro-Asian Journal of Accounting and Finance Vol 10.
Setiawan, H.M.d.D. (2020). Could risk, corporate governance, and corporate ethics enhance social performance? evidence from islamic bank in indonesia. Indian Journal of Finance Vol 14.
Trinugroho, I., Law, S.H., Setiawan, D., Prabowo, a.M.A. (2020). Introduction to symposium: recent development in finance and banking in emerging market. Emerging Market Finance and Trade Vol 56.
Arifin, T., Hasan, I., Kabir, a.R. (2020). Transactional and relational approaches to political connections and the cost of debt. Journal of Corporate Finance.
Arifin, T., Hwang, J.Y.T., Setiawan, D., Aryani, a.Y.A. (2020). Impact of goodwill on capital structure and the moderating role of investors’ education. International Journal of Business and Society.
Hastuti, S., Sutopo, B., Setiawan, A.K.W.a.D. (2020). Motives for fixed assets revaluations: empirical study in indonesian stock exhange. International Journal of Economics, Business and Management Research Vol 4.
Setiawan, P.A.L.P.a.D. (2020). Gender and conservatism: a cross-countries study. PSU Research Reviews.
Ratnaningrum, Aryani, Y.A., Setiawan, a.D. (2020). Balance scorecard: is it beneficial enough? a literature review. Asian Journal of Accounting Perspective Vol 13.