Irwan Trinugroho. SE., M.Sc, P.hD

The Department of Management

Irwan Trinugroho, S.E., M.Sc.


1st Building Fakultas Ekonomi dan Bisnis Universitas Sebelas Maret,
Jalan Ir. Sutami 36 A, Surakarta, Central Java, Indonesia
Post code: 57126
Phone: +62271 647481
Fax: +62271 638143



S1 Manajemen Universitas Sebelas Maret(UNS), Indonesia

S2 Manajemen Universitas Gadjah Mada (UGM), Indonesia

S3 Banking and Finance Universite de Limoges, France

Research Interest and Group

Research Interest: Banking and Finance


Research Group:

  1. Governance, Banking and Finance 
  2. Financial Management
  1. Financial Management Seminar
  2. Business Research Methodology

Professional Experience:

Organizational Experience:

  1. The Head of FEB UNS International Office
  2. The Head of Graduate Program Development


Postgraduate Supervision
Working Paper
  1. "A Recent A Literature Review on Corporate Political Connection", Jurnal Dinamika Manajemen, 2017.
  2. "CEO Turnover and Firm Performance in Indonesia" (with Doddy Setiawan, Lian Kee Phua, and Hong Kok Chee), Indonesian Capital Market Review, 2017.
  3. "Corporate Failure Prediction Model in Indonesia: Revisiting the Z-Core, Discriminant Analysis, Logistic Regression and Artificial Neural Network" (with Aurelius Aaron and Yunieta Anny Nainggolan), Journal of Global Business Advancement, 10 (2), 2017, 187-209.
  4. "Does Religiosity Matter For Islamic Banks' Performance: Evidence from Indonesia" (with Tastaftiyan Risfandy, M Doddy Arifianto, M Agung Prabowo, and Heru Purnomo), International Journal of Economic and Management, 11 (2), 2017.
  5. "Households, Financial Distress, and Predatory Lending: An Experimental Study" (with Ariyanto Adhi Nugroho, Harmadi, Joko Suyono, and Muh. Juan Suam Toro), Jurnal Keuangan dan Perbankan, 2017.
  6. "How Ready Are People for Cashless Society?" (with Hunik Sti Runing Sawitri, Muh Juan Suam Toro, Siti Khoiriyah, and Arief Budi Santoso), Jurnal Keuangan dan Perbankan, 2017.
  7. "Human Development, Banking Development and The Quality of Local Government: The Case of Indonesia" (with Dewanti Cahyaningsih), Journal of Economics, Business, and Accounting Ventura, 2017.
  8. "Islamic Banks' Market Power, State-Owned Banks, and Ramadan: Evidence from Indonesia" (with Tastaftiyan Risfandy, Harmadi, and Wahyu Trinarningsih), Singapore Economic Review, 2017.
  9. "Leverage, Firm Value and Competitive Strategy: Evidence from Indonesia" (with Bambang Hadinugroho, Tulus Haryono, and Payamta), International Journal of Economic Plicy in Emerging Economies, 2017.
  10. "Past Performance, Family Business and CEO Succession: The Case of Indonesia" (with Wisnu Untoro, Wulan Permatasari, and Doddy Setiawan), International Journal of Trade and Global Markets, 2017.
  11. "Politically Connected Banks: Some Indonesian Evidence" (with Bambang Sutopo ans Sylviana Maya Damayanti), International Journal of Business and Society, 2017.
  12. "Re-Examine Performance of Foreign Banks in Indonesia" (with Sylviana Maya Damayanti, Suryo Utomo, Sudarso Kaderi Wiyono, M. Doddy Ariefianto), International Journal Monetary Economics and Finance, 2017.
  13. "Regional Banks and Market Power: Evidence from Indonesia" (with Sutaryo, Sylviana Maya Damayanti, Sudarso kaderi Wiyono, and Linggar Ikhsan Nugroho), International Journal Monetary Economics and Finance, 2017.
  14. "The Disclosure Practices of Islamic Equity Funds" (with Yunieta Anny Nainggolan), Emerging Markets Finance and Trade, 2017.
  15. "The Importance of Synergy and Organization Culture to Accelerate University in the Global Environment: A Case Study" (with Ravik Karsidi, Sutarno, Muhammad Agung Prabowo), International Journal of Trade and Global Markets, Forthcoming, 2017.
  16. "Women in Top Management and Bank Performance: Evidence from Indonesia" (with Hunik Sri Runing and Wisnu Untoro), Indonesian Capital Market Review, 8, 2016, 23-31.
  17. "Organisational tenure and bank diversification: a replication" (with Wisnu Untoro and Arifin Angriawan), Inderscience, 9, 2016, 1.
  18. "ALM Behavior of Banks: Deposit Pricing Positioning, Managerial Risk Appetite, and Money Market" (with Doddy Setyawan, Muthmainah, Rahmawati), Virtus Interpress, 12, 2015, 91-102.
  19. "Policy Burdens of Development Banks: Evidence From Indonesia" (with Hasan Almutahar, Muhammad Agung Prabowo, Asri Laksmi Riani, and Tulus Haryono), Corporate Ownership and Control, 12, 2016, 2.
  20. "Depositors Behavior Under Different Deposit Insurance Coverage: Evidence From Indonesia" (with Mamduh M. Hanafi), Journal of Economics and Economic Education Research, 16, 2016, 183-195.
  21. "Deposit Insurance and Bank Liquidity: Does Ownership Structure Matter?" (with Muthmainnah, Mochamad Doddy Arifianto, Sutaryo, Agung Nur Probohudono), Indonesian Capital Market Review, 8 (2), 2016, 59-7123-31.
  22. "Determinants of Financial Literacy and Financial Inclusion Disparity within A Region: Evidence From Indonesia" (with Arief Budi Santoso, Santoso A.B., Linggar Ikhsan Nugroho, Nugroho Saputro, and Muhammad Yusuf Indra Purnama), Advanced Science Letter, 2016.
  23. "Diversification and Bank Performance: Do TMT Characteristics Matter?" (Wahyu Trinarningsih, Putri Permatasari Husa, Wisnu Untoro, and Sutaryo), Advanced Science Letter, 2016.
  24. "Financial Literacy and Engagement in Banking" (with Paramitha Her Astuti), Journal of Economics & Economic Education Research, 2016.
  25. "Is the Effect of A Political Event More Pronounced for Government Controlled Firms?" (with with Aurio Fajrin and Sutaryo), Ventura, 19 (2), 2016.
  26. "Local Institutional Development and Cost of Financial Intermediation: Evidence from Indonesia" (with Jamal Wiwoho), International Journal of Business, 2016.
  27. "Ownership Structure and Dividend Policy in Indonesia" (with Doddy Setiawan, Bandi, Lian Kee Phua), Journal of Asia Business Studies, 2016.
  28. "Political Cycles and Lending Behavior of State-Owned Banks: The Case of Indonesia"(with Sutaryo, Prakoso B.G, Muhammad Agung Prabowo, and Arif Rahman Hakim), Advanced Science Letter, 2016.
  29. "Revenue Diversivication, Performance, and Bank Risk: Evidence from Indonesia" (with Mutiara Nur Hafidiyah), Jurnal Dinamika Manajemen, 2016.
  30. "Why Households Borrow From Informal Predatory Lenders: Evidence From Indonesia" (with Ravik Karsidi, Linggar Ikhsan, Anto Prabowo), Journal of Economics and Economic Education Research, 16, 2015, 173-181.
  31. "Determinants of cross regional disparity in financial deepening: Evidence from Indonesian provinces" (with Agusman, Mochammad Doddy Ariefianto, Darsono, Amine Tarazi), Economics Bulletin, 35, 2015, 2.
  32. "Local Governance and Rent Seeking: Some Indonesian Evidence" (with Taufiq Arifin, Muhammad Agung Prabowo, Sutaryo, Muhtar), Corporate Ownership and Control, 12, 2015, 194-199.
  33. "Political Connections, Bank Deposits and Formal Deposit Insurance" (with Amine Tarazi), Journal of Financial Stability, 19, 2015, 2.
  34. "Executive Characteristics and Risk Taking Strategy" (with Salamah Wahyuni), 17th EBES Conference Venice, 2015.
  35. "Women and Access to Finance in Indonesia", 17th EBES Conference Venice, 2015.
  36. "Women in Top Management Team and Bank Performance", 17th EBES Conference Venice, 2015.
  37. "State-owned enterprises, efficiency and performance: The case of Indonesia" (with Muhammad Agung Prabowo, Wisnu Untoro, and Arifin Angriawan), International Business Management, 8, 2014, 2.
  38. "Why Have Bank Interest Margins Been so High in Indonesia since the 1997/1998 Financial Crisis?" (with Amine Tarazi), Elsevier/ Science Direct, 32, 2014, 2.
  39. "Finance, Governance and Economic Disparity in Indonesia", Economic Outlook for Indonesia in 2015, 2014.
  40. "Grabbing Hand, State-Owned Banks and Lending Behavior: Case of Indonesia", 2014 Asia Conference on Economics and Business Research, 2014.
  41. "Membangun Good Governance di OJK", Focus Group Discussion Good Governance Model & COmbines Assurance OJK, 2014.
  42. "Political Connections, Bank Performance and Cost of Funding: Evidence from Indonesia", 14th EBES Conference Barcelona, 2014.
  43. "The Efficiency of Public Service Obligation for Food Subsidy In Indonesia: Review of Cost Structure Analysis", Perspective of Innovations, Economics, and Business, 7, 2011, 45-47.
  44. "The Effect of Mispricing on Investment of Indonesian Firms: Do Financial Constraints Matter?", Middle Eastern
    Finance and Economics,
    8, 2011, 14-23.
  45. "Overconfidence and Excessive Trading Behavior: An Experimental Study", International Journal of Business and Management, 6, 2011, 147-152.
  46. "Psychographic and Investor behavior in Indonesia", IJCRB , 2, 2011, 296-302.
  47. "Performance of Family-Controlled Banks: Do Political Connection Matter?", Applied Economics Letters.
  48. "Local Governance and Corruption: Some Indonesian Evidence" (with Muhammad Agung Prabowo and Taufiq Arifin), Economics Bulletin.
  49. "Corporate Governance, Ownership and Performance of Indonesian Banks", Fokus Manajerial, 8, 2010, 2-20.