Article Per Year (5 Year)
p-Index From 2021 - 2026
2.633
P-Index
This Author published in this journals
All Journal Jurnal Keuangan dan Perbankan Jurnal Ekonomi Syariah Teori dan Terapan Ecces: Economics, Social, and Development Studies Jurnal Pengabdian kepada Masyarakat Nusantara Jurnal Inovasi Pengabdian dan Pemberdayaan Masyarakat Journal of Finance, Economics, and Business Journal of Development Economic and Social Studies (JDESS) Contemporary Studies in Economic, Finance and Banking (CSEFB)
Citra Rahayu Indraswari, Citra Rahayu
Airlangga University
Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Public Health Social Sciences

Published : 17 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 17 Documents
Search

 1   2 
The Influence of P2P, TPF and Size on the Profitability of Rural Banks Rizki Amelia Cahyaningrum; Indraswari, Citra Rahayu
Contemporary Studies in Economic, Finance and Banking Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2025.04.3.12

Abstract

Rural Banks play a vital role in supporting the Indonesian economy by providing credit to MSMEs and rural communities. However, the emergence of financial technology, particularly peer-to-peer (P2P) lending, presents challenges to the profitability and competitiveness of BPRs. This study aims to analyze the impact of P2P lending loan volume, Third Party Funds (DPK), and bank size on the profitability of Rural Banks, as measured by net income, during the 2022–2024 period. Using an associative quantitative approach and purposive sampling, the sample includes the largest-asset ural Bank in each of Indonesia’s 34 provinces. The study employs panel data, combining time series and cross-sectional data. The results show that DPK and bank size have a positive effect on profitability, while P2P lending has no significant impact.
The Effects of Short Selling Bans on the Stock Price Volatility of LQ45 Banking Companies in Indonesia Mustapha Bayu Firdaush; Indraswari, Citra Rahayu
Contemporary Studies in Economic, Finance and Banking Vol. 4 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2025.04.2.17

Abstract

The COVID-19 pandemic has significantly impacted the stability of Indonesia's financial markets. The ensuing economic recession has led to high volatility in the stock market, particularly for banking stocks included in the LQ45 index. One of the policy implemented by regulator to mitigate market volatility was a wide ban on short selling. This study aims to analyze the impact of the short selling ban imposed by the Indonesian Stock Exchange in March 2020 on the volatility of LQ45-indexed banking stocks in Indonesia during the COVID-19 pandemic. Secondary data will be used, and the analysis will employ a panel data regression method. The results of this study indicate that the short selling bans had a statistically significant positive effect on the volatility of LQ45-indexed banking stocks in Indonesia.
Optimizing ZISWAF as a Social Safety Nets: A Lesson from COVID-19 Pandemic Paksi, Girindra Mega; Indraswari, Citra Rahayu; Kadji, Dzuliyati; Aulia, Dynda Fadhlillah
Journal of Finance, Economics and Business Vol. 3 No. 1 (2024): JFEB, May 2024
Publisher : Laboratorium Riset Ekonomi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59827/jfeb.v3i1.118

Abstract

Introduction: Safety nets are needed in the economic and non-economic sectors to overcome the adverse effects of the disaster. The past COVID-19 pandemic has shown the importance of a safety net to prevent extreme poverty due to disasters. In this case, ZISWAF assets should be used as a safety net to prevent a decline in people's welfare due to various disasters that will occur in the future. Therefore, this study aims to explore the potential of ZISWAF assets as a safety net in the future Methods: This study uses the Literature Review method, comparing various result from researches to form a comprehensive review Results: The study results show that ZISWAF assets in the past have been used to improve people's welfare. However, there seems to be a paradigm shift today where ZISWAF, particularly in Indonesia, is only used to fulfill worship purposes, not to encourage people's welfare. Several potential method is available to be used as choices to optimize ZISWAF Conclusion and suggestion: It is hoped that innovations will be made to utilize ZISWAF assets to be used as a social safety net in the future to optimize ZISWAF
Pelatihan Akses Finansial Teknologi: Akselerasi Permodalan Digital Umkm di Desa Kebobang, Kec. Wonosari, Kab. Malang Syafitri, Wildan; Indraswari, Citra Rahayu
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 6 No. 1.1 (2024): Jurnal Pengabdian kepada Masyarakat Nusantara (JPkMN) SPECIAL ISSUE
Publisher : Lembaga Dongan Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Pelatihan fintech ini diselenggarakan di Desa Kebobang, Kecamatan Wonosari, Kabupaten Malang, dengan tujuan untuk mengakselerasi permodalan digital bagi pelaku usaha mikro, kecil, dan menengah (UMKM). Kegiatan ini bertujuan untuk meningkatkan literasi digital masyarakat desa, mendukung peningkatan ekonomi lokal, dan pengembangan UMKM di era globalisasi. Para mahasiswa dan dosen fakultas ekonomi bisnis universitas Brawijaya dalam kegiatan ini memberikan wawasan langsung mengenai manfaat dan tantangan yang dihadapi selama pelatihan serta pengalaman praktis yang relevan. Pelatihan ini mencakup berbagai topik penting, mulai dari pemahaman dasar teknologi finansial, akses dan penggunaan platform fintech untuk permodalan, hingga strategi pemasaran digital yang efektif. Para peserta belajar bagaimana menggunakan aplikasi dan perangkat digital untuk memudahkan transaksi, mengelola keuangan, dan memperluas jaringan usaha. Diharapkan hasil dari pelatihan ini dapat meningkatkan kapasitas usaha para pemangku kepentingan UMKM, memperluas akses pasar, dan meningkatkan kesejahteraan ekonomi seluruh masyarakat Desa Kebobang. Pelatihan ini diharapkan menjadi langkah strategis dalam mendukung pertumbuhan ekonomi desa melalui digitalisasi UMKM, dengan harapan desa dapat menjadi contoh sukses dalam penerapan teknologi keuangan untuk memberdayakan warga desa dalam menjalankan ekonomi kerakyatan.
Investor Sentiment Toward Puma Stock Performance During the #Boycottpuma Campaign: A Case Study From Börsennews Lestari, Novri Ayu; Indraswari, Citra Rahayu
Contemporary Studies in Economic, Finance and Banking Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2025.04.4.07

Abstract

Political and ethical boycott movements increasingly influence investor sentiment in global financial markets. The #BoycottPuma campaign, targeting Puma’s ties to Israeli institutions, is a key example. This study aims to examine the impact of the campaign on investor sentiment toward Puma’s stock by analyzing user discussions on Börsennews using sentiment analysis and NLP techniques. Findings reveal that despite Puma’s stable financials, negative sentiment dominated due to reputational concerns.
The Impact of Digital Payments on Inflation in G20 Countries Lie, Clara Faustine; Indraswari, Citra Rahayu
Contemporary Studies in Economic, Finance and Banking Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2025.04.4.19

Abstract

A digital payment system is a transaction or payment method that uses digital means without involving cash, offering various benefits, such as transaction effectiveness and efficiency, and promoting financial inclusion. By 2021, 76 percent of adults worldwide will have an account at a bank, other financial institution, or electronic money service provider. Several previous studies have included digital payment system variables, but these were limited to Indonesia and over varying time periods. This study aims to analyze the impact of digital payment systems on inflation in G20 countries, thereby providing an empirical picture of the interaction between technology, monetary policy, and price stability. The study used panel data regression involving digital payment instruments such as debit, credit, and electronic money. The analysis shows that digital payment systems play a significant role in influencing inflation, with varying effects depending on the type of instrument and country characteristics. These findings provide several important implications regarding monetary policy and digital payment system regulations, which must be adapted to the conditions and level of technological development in each country.
Sentiment Analysis of Unilever Stock Performance During the Palestine-Israel Boycott Crisis: A Study on the Stockbit Platform Firdausa, Annisya Zahro; Indraswari, Citra Rahayu
Contemporary Studies in Economic, Finance and Banking Vol. 5 No. 1 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to examine investor sentiment regarding Unilever stock performance following the implementation of the Boycott, Divestment, and Sanction (BDS). Amid the intense air and ground assaults by the Israel Defense Forces (IDF) since October 7, 2023, resulting in thousands of casualties, global outrage has sparked calls for boycotts against companies associated with or supporting Israel. This research identifies a gap in understanding how such geopolitical shape investor sentiment. Analysis of Stockbit discussions highlights a shift in investor perspectives, with geopolitical concerns influencing their decisions on Unilever’s stock.
Co-Authors AA Sudharmawan, AA Aghata Christy Cahya Widhi Andini Anggraeni, Puspitasari Wahyu Aulia, Dynda Fadhlillah Aurellia, Patricia Juan Dewi Regita Cahyanti Dias Satria Firdausa, Annisya Zahro Jayawarsa, A.A. Ketut Kadji, Dzuliyati Lestari, Novri Ayu Lie, Clara Faustine Muhammad Nafik HR, Muhammad Mustapha Bayu Firdaush Paksi, Girindra Mega Pramadya, Dika Afrian Putra Purwanto, Muhammad Rizqy Putra Abrianto, Andika Bimantara Putri, Anastasya Azzahra Maharani Rizki Amelia Cahyaningrum Sukriyah, Sukriyah Wildan Syafitri Wu, Cherrin Nathania