Rico Nur Ilham is Expert Assistant Lecturer Department of Management Economics and Business Universitas Malikussaleh, work as Finance Manager of PT. Mekar Karya Agung, member of Young Lecturer of the College of Economics (STIE) Bina Karya Tebing Tinggi, Director of CV. Mangapul Sejati, Broker-Dealer Representatives in Indonesian Stock Exchange. He has some small business owner of The King Coffee Dolok Masihul, The King Coffee Tebing Tinggi, and Barona Unimal Lhokseumawe Canteen, Investors and Traders of the Indonesia Stock Exchange. Rico nur Ilham is Founder of CV. Express Consulting (Research Planer), Founder of and Founder of (Financial Analytics and Forecasting Platform). He was graduated from Doctoral degree Of Finance Management from Universitas Sumatera Utara. His research interests include Financial sector, Stock Exchange, Small and medium enterprise and Artificial Intelligence platform.
EDUCATION
Doctor of International Financial Management from Universitas Sumatera Utara
RESEARCH INTERESTS
Imternational Financial Management, Financial Behaviour, Small and Medium Enterprise, Stock Market and Cryptocurrency.
Cryptocurrency Prospect in the International Market: Present Value Management and Islamic Perspective Rico Nur Ilham, Arliansyah Arliansyah, Reza Juanda, Irada Sinta, Frengki Putra Ramansyah, et al. International Journal of Engineering Science and Information Technology, 2025 Cryptocurrency is an investment commodity that can generate returns and already has a license to trade in exchange. This study aims to examine the prospects of digital cryptocurrency assets more deeply by summarising the results of literature studies in various countries. As a result of this study, it is known that many countries whose governments make strict regulations on support for legality and allow cryptocurrency transactions include: European Union members, namely Germany and Italy, and non-member countries of the European Union, such as Gibraltar. Furthermore, in the Americas, there are Canada and Venezuela. In East Asia and the Asia Pacific, Australia and Japan support the existence of Cryptocurrency. Meanwhile, in Southeast Asian countries, there are contradictions between several countries, including Indonesia, Malaysia, Vietnam, and the Philippines, that reject cryptocurrency transactions because they are considered threats to money laundering and the problem of terrorism. Of course, this is a prospect that cryptocurrency transactions can meet the expectations of all users in the world by making regulations regarding the legality of Cryptocurrency so that the transaction model can be integrated between users, both as an asset and a substitute for international payment currencies.
The Miracle of Cryptocurrency: Opportunity at Global Transaction Management, Future Market and Present Value Reality Reza Juanda, Falahuddin Falahuddin, Muttaqien Muttaqien, Rico Nur Ilham, Frengki Putra Ramansyah, et al. International Journal of Engineering Science and Information Technology, 2025 Cryptocurrency is an investment commodity that can generate returns and already has a license to trade in exchange. This study aims to examine the prospects of digital cryptocurrency assets more deeply by summarising the results of literature studies in various countries. In each of the continents scattered in the world, some countries support the existence of cryptocurrency as an investment asset and a means of payment. As a result of this study, it is known that many countries whose governments make strict regulations on support for legality and allow cryptocurrency transactions include: European Union members, namely Germany and Italy, and non-member countries of the European Union, such as Gibraltar. Furthermore, in the Americas, there are Canada and Venezuela. In East Asia and the Asia Pacific, Australia and Japan support the existence of cryptocurrency. Meanwhile, in Southeast Asian countries, there are contradictions between several countries, including Indonesia, Malaysia, Vietnam, and the Philippines, that reject cryptocurrency transactions because they are considered threats to money laundering and the problem of terrorism. However, Singapore and Thailand will protect cryptocurrency investors in their countries and ensure legal regulations for cryptocurrency transactions as investment assets and legal means of payment transactions. Investments in digital currencies or cryptocurrencies are increasingly prevalent worldwide and are supported by significant price increases. Of course, this is a prospect that cryptocurrency transactions can meet the expectations of all users in the world by making regulations regarding the legality of cryptocurrency, so that the transaction model can be integrated between users, both as an asset and a substitute for international payment currencies.
The Influence of Blue Accounting, Corporate Social Responsibility, and Stakeholders Influence Capacity on Financial Performance MUAMMAR KHADDAFI, MUNANDAR ., CHALIRAFI ., NAZARUDDIN ., MIRANDA ., et al. Journal of Ecohumanism, 2024 This study aims to determine the effect of green accounting, blue accounting, corporate social responsibility (CSR), and stakeholders influence capacity on financial performance. The sample in this study was the Maritime sector companies listed on the Indonesia Stock Exchange in 2021-2022. In drawing samples, the author used a purposive sampling technique, namely a sample selection method based on certain criteria. The data used were obtained from the Indonesia Stock Exchange publication and the official website of each company. This study used 24 samples with 2 years of observation so that the total was 48 observations with multiple linear regression estimation of panel data. The results showed that the green accounting variable was negative and insignificant on financial performance, blue accounting had a positive and insignificant effect on financial performance, corporate social responsibility had a positive and insignificant effect on financial performance, stakeholders influence capacity had a positive and significant effect on financial performance.
Investigating the canonical correlation of global capital, index, exchange rate and golden price in two selected ASEAN countries Proceedings of the International Conference on Industrial Engineering and Operations Management, 2021
Does social media affect banking industry financial performance in Indonesia Proceedings of the International Conference on Industrial Engineering and Operations Management, 2021
Factors that affect competence and affective commitment and its implication on job performance: a case study of Stie Medan, Indonesia Proceedings of the International Conference on Industrial Engineering and Operations Management, 2021
RECENT SCHOLAR PUBLICATIONS
Beyond Efficiency: Governing Human–Generative AI Decision Symbiosis in Global Organizations KF Ferine, RN Ilham Journal of Management Dynamics 1 (1), 1-8 , 2026 2026
FINANCIAL REPORT ANALYSIS: Empirical Study of Aneka Tambang Tbk Company In 2023 M Sinurat, RN Ilham, M Heikal Accounting Progress 4 (2), 94-102 , 2025 2025
Implementation of Carbon Emission Disclosure on Market Reaction with Green Investment as a Mediating Variable in Companies Listed on the Indonesian Carbon Exchange (IDX Carbon) RN Ilham, M Khaddafi, M Sinurat, I Sinta, IA Reshi Inkubis: Jurnal Ekonomi dan Bisnis 7 (2), 144-152 , 2025 2025
The Influence of Brand Image and Service Quality on Service User Decisions J&T Express in the Community Lhokseumawe City S Sufi, N Ritonga, N Nursanjaya, RN Ilham, S Munawiroh PKM-P 9 (2), 367-374 , 2025 2025
FACTORS AFFECTING FINANCIAL DISTRESS IN FINANCIAL SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2019-2023 BA Putra, RN Ilham, G Syamni Journal of Accounting Research, Utility Finance and Digital Assets 4 (2 … , 2025 2025
THE EFFECT OF CARBON EMISSION DISCLOSURE, RETURN ON INVESTMENT, AND ENVIRONMENTAL PERFORMANCE ON THE RETURN OF COMPANY SHARES IN THE INDONESIAN ENERGY SECTOR FOR THE 2019-2024 … MF Akbar, RN Ilham Journal of Accounting Research, Utility Finance and Digital Assets 4 (2 … , 2025 2025
THE EFFECT OF INFLATION, INTEREST RATES, AND EXCHANGE RATES ON STOCK PRICES IN BANKING SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2019-2024 FP Siregar, RN Ilham Journal of Accounting Research, Utility Finance and Digital Assets 4 (2 … , 2025 2025
THE EFFECT OF RETURN ON ASSETS, NET PROFIT MARGIN, AND DEBT TO EQUITY RATIO ON STOCK PRICES OF BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2019-2023 SR Ramadana, RN Ilham Journal of Accounting Research, Utility Finance and Digital Assets 4 (2 … , 2025 2025
THE EFFECT OF GREEN BANKING, CORPORATE SOCIAL RESPONSIBILITY AND PROFITABILITY ON COMPANY VALUE IN THE BANKING SECTOR LISTED ON THE IDX S Salsabila, D Muchtar, RN Ilham Journal of Accounting Research, Utility Finance and Digital Assets 4 (2 … , 2025 2025
MARKETING INNOVATION: BAGAIMANA MENINGKATKAN KUNJUNGAN WISATAWAN SE Mohd Heikal, WV Siregar, MM ST, DF Putra, SE Muammar Khaddafi, ... Greenbook Publisher , 2025 2025
PERDAGANGAN KOMODITI DUNIA DAN PROSPEKTUS CRYPTOCURRENCY RN Ilham, MMRSA SE, ME Isfenti Sadalia, SE Muammar Khaddafi, ... Greenbook Publisher , 2025 2025 Citations: 1
MENGUNGKAP TABIR KESEHATAN KEUANGAN PERUSAHAAN BUMN SE Muammar Khaddafi, AS Pane, RN Ilham, SE Falahuddin, ... Greenbook Publisher , 2025 2025
INFLUENCE OFTHIRD PARTY FUNDS (TPF), MUDHARABAH, AND MUSYARAKAH FINANCING ON PROFITABILITY AT BANK MUAMALAT INDONESIA FOR THE PERIOD 2019–2024 CT Tarigan, M Muttaqien, RN Ilham, R Ristati Jurnal Intelek Dan Cendikiawan Nusantara 2 (4), 7103-7110 , 2025 2025
The Effect of Working Capital Management and Leverage on the Value of Manufacturing Companies Listed on Big Four ASEAN Country Stock Exchange: Special Report on Simultaneous … I Sinta, RN Ilham, M Muttagien, R Juanda, FP Ramansyahs, ... Calitatea 26 (208), 204-213 , 2025 2025
THE EFFECT OF PRICE EARNING RATIO, DIVIDEND POLICY AND FUNDING DECISIONS ON COMPANY VALUE IN THE PROPERTY AND REAL ESTATE SECTOR LISTED ON THE IDX W Hartanti, RN Ilham, C Akhyar Journal of Accounting Research, Utility Finance and Digital Assets 4 (1), 90-96 , 2025 2025 Citations: 1
THE EFFECT OF RISK BASED CAPITAL, CLAIMS EXPENSE AND PREMIUM INCOME ON THE PROFIT OF CONVENTIONAL INSURANCE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2019-2023. Y Wahyuni, RN Ilham Journal of Accounting Research, Utility Finance and Digital Assets 4 (1) , 2025 2025
Strategic Intelligence And Organization Development Through Entrepreneurial Behavior Mediation I Sadalia, N Irawati, I Syahfitri, N Erisma, RN Ilham Calitatea 26 (207), 398-401 , 2025 2025
Pengaruh Dana Perimbangan, Pendapatan Asli Daerah dan Belanja Daerah terhadap Kesejahteraan Masyarakat di Provinsi Aceh Tahun 2021-2024 H Listyaningtyas, M Muttaqien, RN Ilham, C Ahyar Jurnal Intelek Dan Cendikiawan Nusantara 2 (3), 2283-2299 , 2025 2025 Citations: 2
Pengaruh Pengeluaran Pemerintah Sektor Pendidikan, Pengeluaran Sektor Kesehatan Dan Dana Otonomi Khusus Terhadap Kinerja Keuangan Kabupaten/Kota Di Provinsi Aceh Tahun 2020-2023 FY Lubis, M Muttaqien, RN Ilham, G Syamni Jurnal Intelek Insan Cendikia 2 (6), 11010-11018 , 2025 2025 Citations: 1
PENGARUH CURRENT RATIO, RETURN ON ASSETS DAN TOTAL ASSETS TURNOVER TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR (SUBSEKTOR KOSMETIK DAN KEPERLUAN RUMAH TANGGA) YANG … BPP Adelia Universitas Malikussaleh , 2025 2025
MOST CITED SCHOLAR PUBLICATIONS
The effect of career development and work environment on employee performance with work motivation as intervening variable at the office of agriculture and livestock in Aceh EY Iis, W Wahyuddin, A Thoyib, RN Ilham, I Sinta International Journal of Economic, Business, Accounting, Agriculture … , 2022 2022.0 Citations: 423
Juridical analysis of victims of the economic exploitation of children under the age to realize legal protection from human rights aspects: Research study at the office of … I Geovani, S Nurkhotijah, H Kurniawan, F Milanie, R Nur Ilham International Journal of Educational Review, Law And Social Sciences … , 2021 2021.0 Citations: 330
Regional financial management system of regency/city regional original income in aceh province period year 2016-2020 B Bustani, M Khaddafi, R Nur Ilham International Journal of Educational Review, Law And Social Sciences … , 2022 2022.0 Citations: 323
Investigation of the bitcoin effects on the country revenues via virtual tax transactions for purchasing management RN Ilham, KAF Erlina, AS Silalahi, J Saputra, W Albra Int. J Sup. Chain. Mgt Vol 8 (6), 737 , 2019 2019.0 Citations: 286
Comparative of the Supply Chain and Block Chains to Increase the Country Revenues via Virtual Tax Transactions and Replacing Future of Money RN Ilham, KAF Erlina, AS Silalahi, J Saputra Int. J Sup. Chain. Mgt Vol 8 (5), 1066 , 2019 2019.0 Citations: 274
Relationship between budget participation, job characteristics, emotional intelligence and work motivation as mediator variables to strengthening user power performance: an … H Sandi, N Afni Yunita, M Heikal, R Nur Ilham, I Sinta Morfai Journal 1 (1), 36-48 , 2021 2021.0 Citations: 268
Product Quality On Consumer Purchase Interest With Customer Satisfaction As A Variable Intervening In Black Online Store High Click Market: Case Study on Customers of the … M Sinurat, M Heikal, A Simanjuntak, R Siahaan, R Nur Ilham Morfai Journal 1 (1), 13-21 , 2021 2021.0 Citations: 261
THE INFLUENCE OF ENTREPRENEURSHIP ASPECTS ON THE SUCCESS OF THE CHIPS INDUSTRY IN MATANG GLUMPANG DUA AND PANTON PUMP Rahmaniar, Subhan, Saharuddin, Rico Nur Ilham, Khairil Anwar International Journal of Social Science, Educational, Economics, Agriculture … , 2022 2022.0 Citations: 224
The effect of technical analysis on cryptocurrency investment returns with the 5 (five) highest market capitalizations in Indonesia RN Ilham, I Sinta, M Sinurat Jurnal Ekonomi 11 (02), 1022-1035 , 2022 2022.0 Citations: 207
Application Of Good Corporate Governance Principles In Improving Benefits Of State-Owned Enterprises (An Emperical Evidence From Indonesian Stock Exchange At Moment Of Covid-19) RN Ilham, A Arliansyah, R Juanda, I Sinta, M Multazam, L Syahputri International Journal of Economic, Business, Accounting, Agriculture … , 2022 2022.0 Citations: 200
Factors that affect competence and affective commitment and its implication on job performance: a case study of Stie Medan, Indonesia CC Cen, W Cahyadi, L Cahyadi, L Candrasa, M Sinurat, R Nur Ilham, ... 11th Annual International Conference on Industrial Engineering and … , 2021 2021.0 Citations: 72
Accelerate Economic Growth of Lhokseumawe City with Application of Supply Chain and Main Strategic Commodity Model Based on Sharia During the Covid-19 Pandemic. M Heikal, RN Ilham, M Khaddafi Quality-Access to Success 23 (191) , 2022 2022.0 Citations: 70
MSMEs in Medan City during the new normal Y Absah, I Sadalia, T Yuliaty, RN Ilham Calitatea 24 (193), 322-327 , 2023 2023.0 Citations: 68
Kebijakan dividen sebagai pemediasi pengaruh antara leverage dan profitabilitas terhadap nilai perusahaan pada perusahaan indeks Lq 45 EP Sari, RN Ilham, DE Putri, A Syahputri Jurnal Akuntansi dan Pajak 22 (2), 676-686 , 2022 2022.0 Citations: 68
Transformational leadership in organizational transformation M Maisyura, T Aisyah, RN Ilham Jurnal Ekonomi 11 (03), 478-488 , 2022 2022.0 Citations: 65
Analyzing the relationship of work environment and quality of work life on employee performance: The mediating role of organizational commitment S Karoso, R Riinawati, RN Ilham, RGP Rais, D Latifa Journal of Madani Society 1 (3), 167-173 , 2022 2022.0 Citations: 65
Analyzing the banks’ performance through financial statements: An application of the modified du pont method T Mahdawi, S Sinaga, D Collyn, RS Zalukhu, J Saputra, RN Ilham, ... Proceedings of the International Conference on Industrial Engineering and … , 2021 2021.0 Citations: 64
A Structural Relationship of Entrepreneurial Orientation and Innovation through Supply Chain Management on Competitive Advantage of SMEs in North Sumatera, Indonesia: The … RNI Isfenti Sadalia, Harjum Muharam, Asep Mulyana, Jumadil Saputra International Journal of Supply Chain Management 9 (09), https://ojs … , 2020 2020.0 Citations: 61
The Effect of Inflation, Exchange Exchange, Interest Rate On Stock Price In The Transportation Sub-Sector, 2018-2020 ST Amanda, C Akhyar, RN Ilham Journal of Accounting Research, Utility Finance and Digital Assets 1 (4 … , 2023 2023.0 Citations: 60
AS, & Saputra, J.(2019). Comparative of the supply chain and block chains to increase the country revenues via virtual tax transactions and replacing future of money RN Ilham, F Erlina, S KA International Journal of Supply Chain Management 8 (5), 1066-1069 , 0 Citations: 58