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All Journal SEGMEN Jurnal Manajemen dan Bisnis Jurnal Minds: Manajemen Ide dan Inspirasi Dinar: Jurnal Ekonomi dan Keuangan Islam Jurnal Geocelebes Jurnal Mirai Management JURNAL MANAJEMEN MOTIVASI Journal of Economic, Bussines and Accounting (COSTING) al-Afkar, Journal For Islamic Studies JMM (Jurnal Masyarakat Mandiri) Journal TEPAT: Teknologi Terapan untuk Pengabdian Masyarakat Patria Artha Management Journal EQIEN - JURNAL EKONOMI DAN BISNIS Atma Jaya Accounting Reseach (AJAR) JURNAL EKONOMI SAKTI (JES) International Journal of Religious and Cultural Studies Didaktik : Jurnal Ilmiah PGSD STKIP Subang Jurnal Ilmu Manajemen Profitability Journal of Community Service and Empowerment International Journal of Community Service Jurnal Riset Ilmu Ekonomi Jurnal Ar-Ribh INVOICE : JURNAL ILMU AKUNTANSI Wiga : Jurnal Penelitian Ilmu Ekonomi AJARCDE (Asian Journal of Applied Research for Community Development and Empowerment) Ekombis Sains: Jurnal Ekonomi, Keuangan dan Bisnis Journal of Artificial Intelligence and Digital Business Eduvest - Journal of Universal Studies Perbal: Jurnal Pertanian Berkelanjutan Indonesian Journal of Multidisciplinary on Social and Technology Jurnal Kajian Dan Penalaran Ilmu Manajemen Jurnal Bimbingan dan Konseling Pendidikan Islam Journal of Community Service and Society Empowerment Revenue Journal: Management and Entrepreneurship IIJSE International Journal of Economic Research and Financial Accounting Jurnal Social Society Indonesian Journal of Management Studies Indonesian Journal of Innovation Multidisipliner Research
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Analysis of Volatility and Liquidity Before and After Broker ID Anonymization Hasan Wahid; Asri Jaya; Sahabuddin Nanda
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.9855

Abstract

This study aims to analyze the impact of Broker ID's anonymization policy on stock price volatility and market liquidity in LQ45 index companies on the Indonesia Stock Exchange. This study uses a comparative quantitative method with an event study approach during the three-month observation period before and after the policy (September 2021- February 2022). Based on the results of the Wilcoxon signed-rank test, significant differences were found in the two variables between the period before and after the implementation of the policy. The results show that the average volatility has decreased sharply by 171.72%, which indicates that the market has become more stable and price fluctuations are more controlled in the absence of signals from the broker's identity. In contrast, market liquidity decreased by 4.36%, reflecting reduced speculative activity and herding behavior due to the loss of information transparency. In conclusion, this policy is effective in reducing price volatility and creating stability, but it has an impact on liquidity contraction as investors become more cautious in transactions.
How Do Fintech and Digital Banking Affect Indonesia Digital Bank Share Prices and Trading Volumes? Asri Jaya
Revenue Journal: Management and Entrepreneurship Vol 2 No 2 (2024): Revenue Journal: Management and Entrepreneurship
Publisher : CV. Bimbingan Belajar Assyfa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61650/rjme.v2i2.222

Abstract

This research highlights the influence of Fintech and digital banking on the share prices and trading volumes of digital banks in Indonesia. It is an empirical study aimed at exploring the relationship between technological advancements in the financial sector and the performance of digital bank stocks. Through a comprehensive assessment of market data, the study investigates how innovations in Fintech and digital banking services impact investor behavior and market dynamics. The study employs a quantitative approach, analyzing data from various digital banks listed on the Indonesian stock exchange. The participants in this research include publicly traded digital banks with significant market capitalization and trading volumes. The data set spans over a period of five years, providing a robust basis for examining trends and patterns. This research reveals a notable gap in the literature regarding the direct effects of Fintech innovations on digital bank performance metrics, such as share prices and trading volumes. Moreover, the study identifies several deficiencies in the current market analysis frameworks, such as the lack of real-time data integration and the underestimation of Fintech's disruptive potential. To address these gaps, the research suggests the adoption of advanced analytics and real-time monitoring tools. The findings also indicate a significant increase in trading volumes and stock price volatility correlated with the introduction of new Fintech products and services. This underscores the critical role of technological innovation in shaping the future landscape of digital banking in Indonesia.
Co-Authors A Ifayani Haanurat A. M. Imran A. Tenri Syahriani A. Tenri Syahriani Abbas, Akmal Hidayah Abdul Khaliq Abdul Khaliq Abdul Muttalib Abdul Wahab Achmad Abubakar Aeni, Nur’ Akhmad, Akhmad Alimuddin, Fauziah Amelia, Ingrid Amina Ananda Saputri Andi Jam’an Andi Mappatompo Andi Nila Sari Angrayani A Apriliani Sukwar Asriati Asriati Azizah Saban Bahrul Hidayah Busthan Azikin dadang nuryadi Dahlan Lama Bawa Danil Maulana Devi Azra Yunus Dian Anggraini Dian Anugrah Eka Febrianti Erwin Wirawan Evi Nurul Husna Fakhira Irwan Fauzi Arifin Fenny Hasanuddin Firman Syah Fitri Handayani Alnur Haerany Sirajuddin Harry Hasan Wahid Hendra Pachri Humaida Tuzzahra Indo Santalia Irwansyah, Nur Fadiyah Ifa Putri Ismawati Ismawati J, Jusriadi Kaharuddin . Kasmita Kasmita Khaliq, Abd. Lilis, Lilis M. Yusuf K M. Yusuf K M. Yusuf. K M.Amin Mahmud Nuhung Meily Meliyani Muchriana Muchran Muchriana Muchran Muchriana Muchran Muh. Alfian Muh. Nur Muhammad Adil Muhammad Adil Muhammad Ihsanul Muhammad Khaedar Sahib Muhammad Umar Muhammad Yusuf Muhammad Yusuf Mukhtar Lutfi Mutiara Mutiara Mutya Khaerunnisa Nadia Zhabila Yusuf Nasrullah Nasrullah Nasrullah Nasrullah Nining Triani Thamrin Nur Ainun Nur Alisa Nurlina Nurlina Nurlina Nurlina Nurlina Nurlina Nurlina Nurlina Nurlina Nurlina Nurlina Nurlina Nurlina Nurul Fauzia Ishak Nurul Imana Nuryanti Mustari Rahmawati Muin Ratna Husain Riris Ode Antea Risaldi, Muh Risna Aulia Rohaya Langkoke Rusydi Khalid S. Sukmawati Saeful Saeful Safri Burhanuddin Sahabuddin Nanda Sahabuddin Nanda Sahabuddin Nanda Sahabuddin Nanda Sahrullah, Sahrullah Sakaria Sakaria Samsul Bahari Selmi Selmi Sri Wahyuni Pratiwi Yusran St. Nurpadila Sukmawati - Sukmawati S Sukmawati Sukmawati Syahriani, A. Tenri Ullah, Nasrullah Vikram Singh Wa Ode Rayyani Wa Ode Rayyani Wa Ode Rayyani Wa Ode Rayyani Wa Ode Rayyani Wa Ode Sufiati Wahyudi Malik Wahyudin G Yulia Yulia Zalkha Soraya Zalkha Soraya Zalkha Soraya