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All Journal Jurnal Minds: Manajemen Ide dan Inspirasi SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS EQIEN - JURNAL EKONOMI DAN BISNIS Jurnal Abdimasa Jurnal Ilmiah Ekonomi Global Masa Kini Jurnal Abdimas Mandiri INTEGRITAS : Jurnal Pengabdian Jurnal Akuntansi dan Keuangan Jurnal Bisnis, Manajemen, dan Ekonomi
Budi Setiawan
Fakultas Ekonomi, Universitas Indo Global Mandiri, Palembang PhD Student In Economic And Regional Science, MATE University, Godollo
Agriculture, Biological Sciences & Forestry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Journal : SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS

 1 
Does US-China Trade War Matter on ASEAN Stock Market: Event-study Approach Budi Setiawan
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 4 No. 3, September 2020
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v4i3.161-74

Abstract

The trade war between the US and China by imposing tariffs has the potential to affect global financial stability. As the largest economy in the world, the US and China had been trading goods and services globally. Then, when these countries have retaliated, the tariff war will affect the global supply chain, international trade, economy, and the stock market. This research examined the effect of the US-China trade war on ASEAN stock prices using an event-study approach. The result shows that the ASEAN stock market has positive abnormal returns during pre-event period (12%). In contrast, ASEAN stock markets shifted to negative abnormal return (-7.4%) in the short-term window, indicating that the stock market is efficient. Stock price reflects the information from the market quickly. However, the impact of the trade war on the ASEAN stock market is insignificant.
LASSO Technique Application in Stock Market Modelling: An Empirical Evidence in Indonesia Budi Setiawan
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 2 No. 1, March 2018
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1444.063 KB) | DOI: 10.29259/sijdeb.v2i1.%p

Abstract

The stock market has captured the attention of many investor communities and scholars. It has become one of the most crucial aspects of a modern market economy. This study aims to determine the LASSO technique applications on the stock market in Indonesia. Furthermore, this research also compare linear regression techniques using the least squares method and using the LASSO approach to find out which model is the most appropriate and simple in making the estimation. The data is composed of daily closing stock price over the period from January 1,2000 to December 31, 2014. The results suggest that the best model in Indonesia Stock Market data of 2000-2014 is using LASSO techniques due to more simpler and the result of estimation relatively similar with least square regression model.
Macroeconomic Indicators and Stock Market Development on Economic Growth: Empirical Evidence from ASEAN Countries Budi Setiawan; Endah Purnamasari; Muhammad Bahrul Ulum
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 3 No. 4, December 2019
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (226.569 KB) | DOI: 10.29259/sijdeb.v3i4.271-282

Abstract

ASEAN region takes benefit from a great financial integration; however, this region has been subjected to external economic shock. This study focused on analyzing the impact of macroeconomic indicators and stock market development on economic growth in ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, The Philippines, and Vietnam) for the period from 2008 to 2018. The panel data was employed to determine how market capitalization, turnover ratio, real interest rate, and inflation have impact on economic growth in ASEAN. This study revealed that all stock market development variables have positive impact on economic growth, but the correlation between real interest rate and inflation was negative. As a result, this study recommends that ASEAN authorities should focus on stock market development as well as control macroeconomic variables prudently to boost economic growth.
Descriptive Analysis of Financial Literacy: Evidence from Public and Private University Students Budi Setiawan
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 4 No. 1, March 2020
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v4i1.73-86

Abstract

Financial knowledge plays a pivotal role to survive in modern society. The study measures the financial literacy level of public and private university students in Palembang, Indonesia by distributing an online questionnaire to 608 respondents. The questions of financial literacy refer to the Standard & Poor’s Rating Services, which covered three subjects, namely numeracy and compound interest, inflation, and risk diversification. For this purpose, the level of financial literacy was conducted using descriptive statistics (Eviews). The result shows that there is 12% of the respondents from public universities answered all questions correctly, which is relatively high compared to private university students are at 10%. In addition, more than half of respondents are able to answer the question about numeracy and compound interest correctly, and inflation is 39%. On the other hand, the score is only 27% for the correct answer related to risk diversification. Financial illiteracy consequences are poor financial decisions that can impact their future finance.
Co-Authors Adil Saleem Amanj Mohamed Ahmed Deka Anggun Lestari Deni Nugraha Emilda, Emilda Endah Dewi Purnamasari Endah Purnamasari M Yunus Muhammad Bahrul Ulum Muhammad Hidayat Muhammad Yunus Priya Rani Bhagat Robert Jeyakumar Nathan