Professor Niki Lukviarman
Niki Lukviarman
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Present Position
1. Professor of Corporate Governance, Faculty of Economics, Andalas University
(1990-present)
2. Executive Director, Center for Banking Research (CBR), Andalas University
(2006-present)
3. Program Director, Governance Research Program (GRP), the Management
Institute, Faculty of Economics Andalas University (2006-present)
4. Research Director, Governance Working Group (GWG), the Accounting
Development Center, University of Indonesia (2004-present)
Contact Details
Governance Research Program
Room 2225, Building 2 Faculty of Economics
Andalas University-Kampus UNAND Limau Manih,
Padang 25163, West Sumatra-INDONESIA
Email: Lukviarman@fekon.unand.ac.id
Telephone (office): + 62 751 71088
Facsimile (office): + 62 751 71089
Qualifications
1989 First Degree in Economics (SE), major in Accounting, Faculty of Economics,
Andalas University, Padang-Indonesia
1989 Registered Accountant (State Registered No. D-7546)
1993 Master of Business Administration (MBA), general management (electives in
finance), College of Business Administration, University of the Philippines,
Diliman-Philippines
2004 Doctor of Business Administration (DBA), thesis on Corporate Governance
Issues in Indonesia, Graduate School of Business, Curtin University of
Technology, Perth-Australia
2006 Professor of Corporate Governance, Faculty of Economics, Andalas University
(Ministry of National Education Decree No. 62707/A2.7/KP/2006).
Selected Training
• Shortcourse, Local Government Finance, Development Administration Group-the
University of Birmingham, Birmingham-United Kingdom (1996).
• Shortcourse, International Finance and Trade Mechanics, Portland State University-
Andalas University, Padang-Indonesia (1996).
• Shortcourse, Issues and Practices in Corporate Finance and Financial Markets,
Texas A& M University-University of Indonesia, Puncak-West Java(1994).
Research
Niki Lukviarman did post doctorate work as an Adjunct Senior Research Fellows in
Governance and Corporate Social Responsibility Centre at Curtin University of
Technology (2004-2006); the Governance Working Group-Accounting Development
Center, University of Indonesia, Jakarta; Center for Banking Research Andalas
University (2006-present); and Governance Research Program-the Management Institute
of Andalas University (2006-present). He has carried out research on: corporate
governance issues in publicly listed companies in Indonesia, particularly on the issue of
ownership structure, business groups, board of directors; on finance and banking through
Center for Banking Research, including credit allocation scheme, Islamic (Sharia)
banking, financial intermediaries, micro and small-business financing. He taught
Accounting and Finance, Strategic Management and Corporate Governance courses at
Andalas University from 1990-present.
Recent Research
• Micro Financing Pattern of Micro and Small Enterprises in West Sumatra, Center for
Banking Research -Bank of Indonesia (2007-on going).
• Behavior of Banking and its Consumers and the Impacts on Credit in West Sumatra,
Center for Banking Research -Bank of Indonesia (2007).
• The Parent-Subsidiaries Relationship of State-owned Enterprises: the Case of
Padang Portland Cement, the Management Institute Andalas University (2007).
• Accelerating Economic Growth and its Impact on Poverty Reduction in West
Sumatra, Faculty of Economics Andalas University-Bank of Indonesia, (2006).
• Consumer Decision’ Factors in Choosing Banking Institution in West Sumatra:
Syaria versus Conventional Banking, Center for Banking Research -Bank Indonesia,
(2006).
Research interests
• Corporate Governance issues in publicly listed firms (ownership structure, familybased
ownership; Board of Directors, compositions, genders issues; Business Groups
and financial “tunneling”; Corporate Strategy, Corporate values and culture;
Corporate Social Responsibility and Corporate Citizenship)
• Public Sector Governance and related Issues
• Business Ethics
• Finance and Banking (micro finance, Islamic/Sharia banking)
Teaching
Niki Lukviarman’ teaching has included Corporate and Business Strategy, Corporate
Finance, and Corporate Governance.
Employment History
1990-present : Lecturer, Faculty of Economics-Andalas University, Padang-
Indonesia
2002 : Tutor, MBA Program-Graduate School of Business, Curtin
University of Technology, Perth-Australia
2005-present : Lecturer, Graduate School, Islamic University of Indonesia,
Yogyakarta-Indonesia
Professional Experience
• Adjunct Senior Research Fellow, Governance and Corporate Social Responsibility
Centre, Curtin University of Technology, Perth-Australia (2004-2006).
• Research Assistant, Governance Research Program, Graduate School of Business-
Curtin University of Technology, Perth-Australia (2003).
• Executive Director and researcher, Center for Banking Research (CBR)- Andalas
University (in cooperation between Andalas University-Bank of Indonesia), Padang-
Indonesia (2006-present).
• Program Director and researcher, Governance Research Program (GRP)-the
Management Institute, Andalas University, Padang-Indonesia (2006-present).
• Adviser/resource person on the Development of New Good Corporate Governance
Code 2006 Republic of Indonesia, the National Committee on Governance, Jakarta-
Indonesia (2006).
• Research Director and researcher, Governance Working Group-the Accounting
Development Center, Faculty of Economics University of Indonesia [responsibility
includes; research, consultancy, training, and assessment on the implementation of
Corporate Governance and Balanced Scorecard for State-owned Enterprises, banking
isntitutions, public sector, other private sector], Jakarta-Indonesia (2004-present).
• Technical Adviser for (central) Bank of Indonesia on Corporate governance [Adviser
“Good Governance Initiative Taskforce-Bank of Indonesia” in developing the blue
print for “Good Governance of Bank of Indonesia” (2004-2005); Asessor for the
“Assessment on Corporate Governance Implementation in Bank of Indonesia”
(2006); Adviser “Good Governance Code of Bank Indonesia” (2006)], Jakarta-
Indonesia.
Publications 2001 – 2007
Editorial
• Editorial Board, Journal of Business and Accounting, Trisakti Scool of Business and
Economics, Jakarta-Indonesia (2006-present).
• Editorial Board, Journal of Business and Management, Faculty of Economics,
Andalas University, Padang-Indonesia (2006-present).
• Editorial Board, Journal of Research in Accounting and Auditing, Faculty of
Economics, Bung Hatta University, Padang-Indonesia (2007-present).
• Editorial Board, Journal of Economics and Business, Dharma Andalas School of
Economics, Padang-Indonesia (2006-present).
• Editorial Board, Journal of Economics and Management, Faculty of Economics,
Andalas University, Padang-Indonesia (1996-1998).
• Reviewer, the National Accounting Symposium IX, Padang-Indonesia (2006)
• Reviewer, the National Accounting Symposium X, Makassar-Indonesia (2007)
• Reviewer, the 1st International Accounting Conference, University of Indonesia,
Jakarta-Indonesia (2007)
Book Chapters 2003-2007
• Concentrated Ownership and Corporate Governance in Indonesia: The Impact of
Dominant Networks of Influence, Power and Competence on “Good Governance”, in
“Governance: By Accident or Design?” Callender, Jamieson & Williams (eds.),
Vineyard Publications, Perth-Australia, 2003.
• Bank of Indonesia’s Planning, Budgeting and Performance Management System: the
View of Governance, in “Towards High Performance Organization”, Aulia Pohan
and Bank Indonesia’s Team (eds.), Directorate of Strategic Planning and Public
Relations -Bank Indonesia, Jakarta-Indonesia, 2006.
• Towards Enhancing Corporate Governance Implementation in Indonesia; a Reform
Agenda, in “Strengthening the National Economy of Indonesia”, Syafruddin (eds.),
Andalas University Press, Padang-Indonesia, 2007.
Journal Articles 2004-2005
• The Strategic Role of Directors in Corporate Governance: Towards the New Agenda
of Board Governance, Journal of Business and Mangement (2005, Volume 5, No. 2),
Graduate Program-Sebelas Maret University, Surakarta-Indonesia.
• The Role of a Researcher’s Cultural Perspective in Cross-Cultural Research,
Perspective (2005, Volume 10, No.2), Faculty of Economics- Sebelas Maret
University, Surakarta-Indonesia.
• Shareholding Versus Stakeholding Perspectives in Corporate Governance
Phenomennon, Journal of Business Strategy (2005, Volume 10, No. 2), Faculty of
Economics-Islamic University of Indonesia, Yogyakarta-Indonesia.
• The Role of Corporate Director in Strategic Decision-Making: A Dialectical
Approach, Journal Business and Accounting (2005, Volume 7, No. 1), Trisakti
School of Business and Economics, Jakarta-Indonesia.
• The History of Philosophy and the Role of Islamic Ethics in Business, Journal of
Economics and Business (Volume 1-2005), Dharma Andalas School of Economics,
Padang-Indonesia.
• Business Ethics in Indonesia; the Role of Corporate Governance, Journal of Business
Strategy (2004, Volume 9, No. 4), Faculty of Economics-Islamic University of
Indonesia, Yogyakarta-Indonesia.
Other Publications 2001-2007
• Ownership Structure and Firm Performance: the Case of Indonesia, DBA Thesis,
Graduate School of Business-Curtin University of Technology, “Australian Digital
Thesis” (ADT)-Australia, accessible on www.curtin.edu.au/theses/available/adt-
WCU200441117.120911
• Key Characteristics of Corporate Governance: The Case of Indonesia, Working
Paper, no. 01-01, published by the Governance Research Program, Curtin University
of Technology, Perth-Australia, 2001.
• Corporate Governance and Firm Performance; the Case of Publicly Listed
Companies in Indonesia, unpublished manuscript, Graduate School of Business-
Curtin University of Technology, 2002.
• Performance Measurement: a Stakeholder Approach, unpublished manuscript,
Graduate School of Business-Curtin University of Technology, 2001.
• The Director’s Contribution to Strategic Decision-Making: a Critical Review,
unpublished manuscript, Graduate School of Business-Curtin University of
Technology, 2001.
• Towards a New Role of Corporate Director, unpublished manuscript, Graduate
School of Business-Curtin University of Technology, 2001.
• Ownership Structure and Corporate Governance: Research Opportunity in Australia
and Indonesia, unpublished manuscript, Graduate School of Business-Curtin
University of Technology, 2001.
Conferences 2003 – 2007
Invited plenary papers and Proceedings
• Does-one-Size-Fits-All? In Search of Indonesia’s Corporate Governance Model,
proceeding “the 2nd Asian Academy of Applied Business (AAAB) Conference”,
Padang-Indonesia (2005).
• Toward Continuous Reform of Corporate Governance in Indonesia, proceeding “the
29th Annual Conference of the Federation of ASEAN Economic Associations
(FAEA)-ASEAN Economic Cooperation: New Dynamics, New Paradigms”, Kuala
Lumpur-Malaysia (2004).
• Comparative Governance-An Exploration of Views of Corporate Governance
Convergence from the Perspective of Representative Economies of the EU and SE
Asia (co-author with Margaret Nowak), “New Directions in Governance Seminar”,
Governance and Corporate Social Responsibility Research Unit, Perth-Australia
(2004).
• Does One Size Fits All? The Case of Indonesia, “New Directions in Governance
Seminar”, Governance and Corporate Social Responsibility Research Unit, Perth-
Australia (2004).
• Family Ownership and Corporate Governance, proceeding, “The GSB 2003 Doctoral
Conference”, Perth-Australia (2003).
• Concentrated Ownership and Corporate Governance: The Case of Indonesia,
proceeding, “Pursuing One Best-Model for Governance Symposium”, Perth-Australia
(2003).
• Corporate Governance Implementation in Indonesia, “the 2nd Expert Meeting 2003”,
The Indonesian Teachers and Researchers’ Association in Australia (HPPIA), Perth-
Australia (2003).
• Consumer Decision’ Factors in Choosing Banking in West Sumatra: Syaria versus
Conventional Banking, National Seminar on Syaria Banking, Bank Indonesia, Jakarta
-Indonesia (2006).
• Board Monitoring Effectiveness and Financial Disclosure; the View of Corporate
Governance (co-Author with Lidya Utama Ningsi), proceeding, the 2nd Annual
Corporate Governance Conference-“Corporate Governance Issues in the Asia-Pacific
Region”, Jakarta-Indonesia (2006).
• Board Governance and Firms’ Performance (co-Author with Intan Novia Fatma
Nanda), proceeding, the 2nd Annual Corporate Governance Conference-“Corporate
Governance Issues in the Asia-Pacific Region“(recepient of conference best paper),
Jakarta-Indonesia (2006).
• Board Composition and Firm’s Performance (co-Author with Lady Jeanly),
proceeding, the 2nd Annual Corporate Governance Conference-“Corporate
Governance Issues in the Asia-Pacific Region“, Jakarta-Indonesia (2006).
• The Correlation of Catering Incentives to Stock Return-a Test of Catering Theory of
Dividend (co-Author with Ariana Restu Handary and Rahmat Febrianto), proceeding
“National Accounting Symposium IX; the Role of Accounting Education in
Strengthening Good Corporate Governance Implementation”, Padang-Indonesia
(2006).
• “Compliance Trap”, the Accounting Profession and Corporate Governance
Phenomenon: a Critical Review, proceeding, “2005 National Accounting
Conference; the Role of Accountant in the Development of Good Corporate
Governance”, Jakarta (recepient of conference best paper), (2005).
Invited Speech and Keynotes (2004-2006)
• Towards Strong and Professional State-owned Enterprises: the View of Corporate
Governance, Faculty of Economics, Sebelas Maret University (UNS), Surakarta-
Indonesia (2005).
• Good Corporate Governance Implementation in State-owned Enterprises; Towards
Enhancing SOE’s Performance, National Seminar on “Good Corporate Governance
Implementation in SOEs”, the Indonesian Institute of Accountant-South Borneo
Chapter, Banjarmasin, South Borneo-Indonesia (2005).
• Corporate Governance; Overview and Perspectives, “Bank of Indonesia-National
Seminar on Corporate Governance”, Jakarta-Indonesia (2004).
• Corporate Governance and Implementation in Publicly Listed Firms: the case of
Indonesia, Faculty of Economics-Islamic University of Indonesia, Yogyakarta-
Indonesia (2004).
• Aligning Governance: Corporate and Public Sector, Strategic Planning and
Governance Forum 2006, Bank Indonesia-National Committee on Governance, Bali-
Indonesia (2006).
• Corporate Governance Concepts and its Aplication in Banking Sector, Seminar on
Corporate Governance Implementation in Regional Development Bank of West
Sumatra, Padang-Indonesia (2006).
• Concept and Governance Model for Banking Sector, Line-manager (G VI) Bank
Indonesia-Meeting, Yogyakarta-Indonesia (2006).
• Governance Concept and Good Central Bank Governance, Bank of Indonesia
Executive Training (SESPIBI) XXVII, Padang-Indonesia (2006).
• The Accounting Profession and Corporate Governance: from Conformance to
Performance, the Governance Seminar of Forum for Indonesia’s Accounting
Students, Padang-Indonesia (2006).
• Corporate Governance and Firm’s Performance, Seminar of West Sumatra’s
Professional Development Program, Padang-Indonesia (2006).
• Investing in Capital Market; the Role of Corporate Governance, Capital Market
Seminar, Andalas University, Padang-Indonesia (2006).
• Public Sector Governance; Application for Public Sector in Indonesia, Workshop on
Developing of Good Governance Code for Public Sector, Bandung-Indonesia (2005).
• Corporate Governance: the Cultural Perspective, Corporate Culture Forum for
Indonesian Bankers, Padang-Indonesia (2005).
• Corporate Governance; Current Issues and Development, the Indonesian Institute of
Accountant-Central Sumatra Chapter, Padang-Indonesia (2004).
Professional Organizations
• Member, Asian Academy of Applied Business (AAAB), 2005-present.
• Committe Member, Academic Network of Indonesia on Governance (ANIG), 2005-
present.
• Member, Indonesian Public Sector Governance-Groups (IPSG), 2005-present.
• Member, Indonesia Economist Association (ISEI), Padang Chapter, 1990-present.
• Member, Indonesia Institute of Accountant (IAI), West Sumatra Chapter, 1990-
present (Secretary for Professional Development, 1995-2000).
Achievements
Awards
• College Scholar Award for Academic Achievement, awarded by the MBA program,
College of Business Administration-University of the Philippines, Philippines (1992).
• Andalas University Awards 2007 for Teaching Excellence, awarded by Board of
Trustee Andalas University, Padang-Indonesia (second prize)
• Best Lecturer Award 2007, awarded by Andalas University, Padang-Indonesia (first
prize)
• Best Lecturer Award 2007, awarded by Faculty of Economics, Andalas Univesity,
Padang-Indonesia (first prize)
• Best Paper Award, awarded by “the 2nd Annual Corporate Governance Conference”
(shared with Intan Novia FN), Trisakti University, Jakarta-Indonesia (second prize,
2006).
• The Most Inspiring Lecturer Award, awarded by the Alumni of Accounting
Department, Faculty of Economics, Andalas University, Padang-Indonesia (2005-
2006).
• Best Paper Award, awarded by the “2005 National Accounting Conference”, Trisakti
University, Jakarta-Indonesia (second prize).
• Lecture Notes Award, awarded by “the Quality for Undergraduate Education” (QUE)
Project (first prize-2001).
• Teaching Manual Award, awarded by “the Quality for Undergraduate Education”
(QUE) Project (first prize-2001).
• Best Lecturer Award 1995, awarded by Andalas University, Padang-Indonesia
(second prize).
• Best Lecturer Award 1995, awarded by Faculty of Economics, Andalas University,
Padang-Indonesia (first prize).
• Best Student Award 1987, awarded by Andalas University, Padang-Indonesia (second
prize).
• Best Student Award 1987, awarded by Faculty of Economics, Andalas University,
Padang-Indonesia (first prize).
• Best Student Award 1986, awarded by Faculty of Economics, Andalas University,
Padang-Indonesia (second prize).
Scholarships
• The World Bank-Quality for Undergraduate Education (QUE) Scholarship, provided
through Andalas University, Padang (2000-2004).
• The British Government-Official Development Assistance (ODA) Scholarship,
provided through Ministry of Finance-Republic of Indonesia (1996).
• The Japan-Indonesia Science and Technology Forum (JIF) Scholarship, provided
through National Development Planning Institute-Republic of Indonesia (1992-1993).
• PT. Unilever Indonesia Scholarship (1986/1987).
• The Supersemar Foundation Scholarship (1984 & 1985).