We are very grateful to God Almighty for his grace that the 11th Indonesian Finance Association (IFA) International Conference was held successfully on October 14-15, 2025. The 11th IFA International Conference was held virtually, supported by our generous host, the Indonesian Stock Exchange (IDX).
The theme of this conference is “Digital Finance, Market Resilience, and Investor Protection in Indonesia’s Capital Market”. The rapid advancement of digital technology has fundamentally transformed the landscape of capital markets, reshaping how investors transact, access information, and engage with financial instruments. This digital transformation brings both significant opportunities and complex challenges, as markets must adapt swiftly while maintaining stability and safeguarding the interests of investors. Indonesia, as one of the fastest-growing economies in the region, faces the dual task of fostering innovation in its capital market while strengthening resilience against emerging risks and vulnerabilities. Regulators, market participants, and policymakers alike must work collaboratively to build robust frameworks that ensure investor protection without stifling the dynamism that digital finance offers.
The conference presents a valuable platform to exchange knowledge, share experiences, and explore strategies that have proven effective in navigating this evolving landscape. We hope this conference can shed light on the pressing issues surrounding digital finance and market resilience that Indonesia and other emerging markets continue to grapple with.
This event will not be a success without the close collaboration between the Indonesian Finance Association and the Self-Regulatory Organization of Indonesia’s Capital Market as the main sponsor.
Finally, we would like to thank all participants and presenters who have been supporting the Indonesian Finance Association conference. We have a total of 86 submitted papers from 9 countries: Australia, Cyprus, Egypt, Indonesia, India, Macau, Thailand, Taiwan, and United Kingdom. After a process of double-blind review, we hand-picked 68 high-quality articles to be presented at the conference. From these 68 articles, there were 24 articles, from four countries, have agreed to include their full paper in the proceedings.
We sincerely hope that these proceedings will benefit all the participants and readers. We welcome any suggestions and constructive feedback to improve the next IFA conference and proceedings, and we look forward to seeing you again.