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<![CDATA[SPILLOVER VOLATILITAS HARGA MINYAK DUNIA PADA PASAR MODAL INDONESIA PERIODE TAHUN 2017-2022 ]]>
<![CDATA[Adam Zain]]>;
<![CDATA[Tyas Danarti Hascaryani]]>
<![CDATA[ Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 3 (2023) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/csefb.2023.02.3.06
<![CDATA[World crude oil prices as represented by Brent Crude and West Texas Intermediate (WTI) have decreased in line with the decline in the Indonesia Composite Index (ICI) during the Covid-19 outbreak. Many countries implemented lockdown policies during the Covid-19 period, thereby hampering the pace of Indonesia's economy as a crude oil importing country. Therefore, this study aims to explain the difference in volatility spillover from world crude oil in ICI "before" and "during" the Covid-19 crisis. This study uses ARIMAX-GARCH as a tool to obtain results from the volatility spillover of world oil prices on the Indonesian capital market in 2017-2022. Furthermore, the use of ARIMAX-GARCH in this study resulted in findings of differences in crude oil spillover in ICI in the "before" and "during" Covid-19 periods. The results before Covid-19 show that there is a negative spillover from world oil price volatility on ICI volatility. Meanwhile, when Covid-19 showed that world oil volatility did not denote spillovers to ICI volatility. This shows a change in the perspective of investors towards crude oil as a consideration for investing in the stock market in Indonesia.]]>
<![CDATA[Strengthening Creative Local Human Resources In The Field Of Business Models And Marketing Of Coffee Ecotourism In Sukodono Village, Malang District ]]>
<![CDATA[Satria, Dias]]>;
<![CDATA[Hascaryani, Tyas Danarti]]>
<![CDATA[ Journal of Innovation and Applied Technology Vol 10, No 1 (2024) ]]>
Publisher : <![CDATA[Lembaga Penelitian dan Pengabdian Kepada Masyarakat Universitas Brawijaya ]]>
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DOI: 10.21776/ub.jiat.2024.10.01.003
<![CDATA[Sukodono Village in Malang Regency has rich resource potential, but faces branding and optimization challenges. The level of community literacy related to science and technology is still low, affecting the development of a sustainable coffee ecotourism business model. Assistance in community empowerment in Sukodono Village, by developing a coffee ecotourism business model through a business model canvas (BMC), can be a solution to this problem. Coffee ecotourism development begins with a branding process through existing promotional media, including village maps, websites, and taglines to increase the popularity of Sukodono Village as a coffee ecotourism destination. Improving the quality of creative local human resources must also be encouraged so that they can apply modern business models in an effort to increase the competitiveness of the area.]]>
<![CDATA[ANALISIS RETURN SAHAM DAN TVA PADA SEKTOR KESEHATAN SEBELUM DAN SELAMA PANDEMIK COVID-19 ]]>
<![CDATA[Fissholah, Qurrota Aini]]>;
<![CDATA[Hascaryani, Tyas Danarti]]>
<![CDATA[ Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 1 (2022) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/csefb.2022.01.1.05
<![CDATA[The existence of the COVID-19 pandemic at the end of 2019 greatly affected various sectors, one of which affected the conditions on the capital market sector in Indonesia. This research aims to determine and analyze comparisonal in stock return and Trading volume activity (TVA) between before and during the covid-19 pandemic in Indonesia. The research was carried healthcare sector issuers listed on the Indonesia Stock Exchange (IDX). This research is a comparative quantitative. The members of the sample have been selected using purposive sampling and obtained 15 companies as samples. Data were analyzed using Wilcoxon Rank Test. The result shows that there is significant difference in stock return between before and during the covid-19 pandemic, this is supported by an increase in the profits of healthcare sector companies during the pandemic, meanwhile the TVA variable there is also a significant difference between before and during the covid-19 pandemic, this can be seen from the increase in transaction volume which shows investor interest in health-sector stock.]]>
<![CDATA[FAKTOR-FAKTOR YANG MEMENGARUHI MINAT PENGGUNAAN FINTECH SEBAGAI ALAT PEMBAYARAN DIGITAL ]]>
<![CDATA[Putu Emy Trimisyantari Putri]]>;
<![CDATA[Hascaryani, Tyas Danarti]]>
<![CDATA[ Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 4 (2022) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/csefb.2022.01.4.10
<![CDATA[The growth of the fintech ecosystem in Indonesia has been rapidly increasing in the past five years, until Q2 2020 362 fintech companies are members of the Indonesian Fintech Association (AFTECH). The increase in the adoption of fintech by the public can also be seen from the increase in the value of digital payment transactions by 122,89% from 2017 to 2021. The community began to turn into a cashless society during the Covid-19 pandemic. This research aims to determine the effect of variables from the Technology Acceptance Model (TAM) and consumer knowledge on the interest in transacting using e-wallets. This study uses a quantitative approach with multiple linear regression method. Data were obtained through questionnaires distributed to 96 respondents from generation X and 96 respondents from generation Z who had transacted using e-wallets and lived in Denpasar City. Statistical tests were carried out using the help of SPSS software version 26. The results showed that the variable perceived usefulness, perceived ease of use, and consumer knowledge partially and simultaneously proved to have a positive and significant influence on the intention to transact using e-wallets as a digital payment in both generation X and generation Z.]]>
<![CDATA[FIRM SPESIFIC FACTORS SEBAGAI DETERMINAN NILAI PERUSAHAAN SEBELUM DAN SELAMA PANDEMI COVID-19 ]]>
<![CDATA[Putri, Dewi Santika]]>;
<![CDATA[Hascaryani, Tyas Danarti]]>
<![CDATA[ Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 1 (2023) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/csefb.2023.02.1.08
<![CDATA[The Covid-19 pandemic has affected investors' judgments in determining indicators to make investment decisions. This study analyzes firm specific factors that affect firm value before and during the Covid-19 pandemic in LQ-45 companies on 2018-2021. Firm specific factors are measured by leverage, profitability, liquidity, and company size. Meanwhile, firm value is measured by Price Earning Ratio (PER). The analytical method used is Panel Data Regression Analysis with the Covid-19 Pandemic as a Dummy variable. The results of this study indicate that company size and liquidity have a significant positive effect on firm value, the profitability and leverage variables show a significant negative effect on firm value before the Covid-19 pandemic. Meanwhile, during the Covid-19 pandemic, different results were obtained on the profitability variable, which had a significant positive effect and company size had no effect on firm value. And the Covid-19 pandemic variable has a significant negative effect on company value. This research becomes a reference for investors in determining indicators to make investment decisions and becomes the basis for companies to improve company performance.]]>
<![CDATA[PEMETAAN RISIKO SISTEMATIS & PEMBENTUKAN PORTOFOLIO OPTIMAL SAHAM INDEKS LQ45 DENGAN MODEL INDEKS TUNGGAL ]]>
<![CDATA[Chloe, Paquita Maria Angelina]]>;
<![CDATA[Hascaryani, Tyas Danarti]]>
<![CDATA[ Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 4 (2023) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/csefb.2023.02.4.3
<![CDATA[Systematic risk is one of the most important aspects of portfolio investment. The market uncertainty has led to systematic risk changes, especially during the Covid-19 outbreak. Systematic risk might not be diversified but it is possible to avoid high systematic risk by choosing low systematic risk stocks. By knowing the beta (systematic risk) distribution, investors can choose low systematic risk stocks for their portfolio. The aim of this research is to build optimal portfolio by considering systematic risk distribution among LQ45 index. This research found that the Financial sector has the highest systematic risk while the Consumer Goods sector has the lowest systematic risk. This study also finds that portfolio risk can be reduced by choosing low-systematic risk stocks.]]>
<![CDATA[ANALYSIS OF CREDIT DISBURSEMENT OF NATIONAL PRIVATE BANKS IN 2011-2021 PERIOD (CASE STUDY OF NATIONAL PRIVATE BANKS WITH UNHEALTHY LIQUIDITY) ]]>
<![CDATA[Putu Devi Agustina Prayoga]]>;
<![CDATA[Hascaryani, Tyas Danarti]]>
<![CDATA[ Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 1 (2024) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/csefb.2023.03.1.01
<![CDATA[Bank is an institution with an intermediary function as collecting public funds and channeling them in the form of credit. According to its function in extending credit, bank liquidity conditions are very important in order to minimize the risk of default and other systemic risks. Private banks, which are the most common type of bank in Indonesia, have several banks with unhealthy levels of liquidity because they exceed Bank Indonesia's liquidity provisions. This research was conducted to find out how the influence of sources of funds, profitability, credit risk, monetary and macroeconomic policies affect private bank lending with unhealthy liquidity. This study consists of 8 samples which will be processed using panel data regression on E-Views with data sourced from secondary sources. The results show that sources of funds and credit risk have a significant effect on lending and profitability, monetary policies and macroeconomic have no effect on it.]]>
<![CDATA[ANALISIS REAKSI PASAR TERHADAP SAHAM BLUE CHIP DAN NON-BLUE CHIP YANG MENGALAMI STOCK SPLIT ]]>
<![CDATA[Handayani, Nadila Dwi]]>;
<![CDATA[Hascaryani, Tyas Danarti]]>
<![CDATA[ Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 2 (2024) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/csefb.2023.03.2.08
<![CDATA[A stock split corporate action usually provokes a market reaction. You can see reactions through volume activity and abnormal returns. This quantitative study aims to examine the market reaction to Blue Chips and non-Blue Chips splitting between 2013 and 2022. The population used consisted of 86 strains consisting of 12 elite and 74 non-elite strains. These shares are listed on the Indonesia Stock Exchange. The survey data is secondary data consisting of the average trading volume before and after the stock split and the average abnormal return before and after the stock split. The methods used are the Wilcoxon Signed Rank Test with normality test and significance level a = 5%. The results of the study explain that there was no significant difference in Trading Volume Activity before and after the stock split for both Blue Chips and non-Blue Chips. On the other hand, when there was no abnormal return, a significant difference was seen for blue-chip stocks, but a significant difference was seen for non-blue-chip stocks before and after the stock split.]]>
<![CDATA[PENGARUH LEVERAGE, PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN ]]>
<![CDATA[reyhan el aziz, dennis]]>;
<![CDATA[Hascaryani, Tyas Danarti]]>
<![CDATA[ Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 3 (2024) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/csefb.2024.03.3.01
<![CDATA[The economic conditions in the era of globalization have rapidly evolved, leading to fierce competition among companies operating in various business sectors. Competition in the business world drives every company to continually improve its performance to survive and grow, making the company's value a crucial factor for investors in allocating their capital. With the existence of the capital market, entities with surplus funds can invest them, while companies can utilize these funds for investments without waiting for revenue from operational activities. The aim of this research is to determine the influence of leverage, profitability, and dividend policy on company value. The purposive sampling method is employed by selecting companies listed in the IDX30 index on the Indonesia Stock Exchange and consistently listed during the period of 2018-2020, which also consistently issue dividends annually. Data is analyzed using panel data regression. The research findings demonstrate that leverage and profitability significantly affect company value, whereas dividend policy does not significantly influence company value.]]>
<![CDATA[PENINGKATAN KESEJAHTERAAN PENERIMA MANFAAT YAYASAN BAITUL MAAL (YBM) PLN PERSPEKTIF MAQASHID SYARIAH ]]>
<![CDATA[Firly Intan Putih Ramadhan]]>;
<![CDATA[Hascaryani, Tyas Danarti]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 3 No. 1 (2024) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2024.03.01.09
<![CDATA[This study aims to analyze the empowerment of gerobak cahaya which is one of the flagship programs of YBM PLN Malang City in distributing and utilizing zakat funds in the form of productive zakat, linked to aspects of maqashid sharia. The reason this research is important is because no previous research has been found with similar objects, so new findings are needed that can be used as material for further research. This research uses a qualitative research method with a case study approach based on interviews, observation and documentation. From this research it is known that YBM PLN Malang City has made efforts to help improve the welfare of the community, especially the beneficiaries of the YBM PLN Malang City gerobak cahaya through the implementation of empowering gerobak cahaya. The resulting welfare impact shows that the beneficiaries of the Malang City gerobak cahaya are not yet fully prosperous according to maqashid sharia, because one of the elements of maqashid sharia, namely reason (al-aql) is not fulfilled.]]>
