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All Journal Arus Jurnal Sosial dan Humaniora Proceeding National Conference Business, Management, and Accounting (NCBMA) Journal of Management Studies and Development Rashid
Okta Eka Putra
Universitas Informatika dan Bisnis Indonesia
Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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Sentimen Politik dan Volatilitas Pasar: Reaksi Indeks Pefindo 25 terhadap Pemilu Presiden 2024 Hendi Wijaya; Tarisa Nur Asyifa; Kania Aini Salmabila; Tasya Bella Oktaviani; Dinan Maolana Ibrahim; Okta Eka Putra
Rashid : Journal of Economic Vol. 1 No. 1 (2025): Rashid : Journal of Economic
Publisher : Jaanur Elbarik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65065/nzqp3063

Abstract

This study aims to determine whether or not there are changes in stock returns and trading volume before and after the election. This study uses a quantitative method with an event study approach to analyze market reactions to the 2024 Presidential Election. The results of the study showed that there was no significant difference in stock returns and trading volume of the Pefindo 25 Index. This finding indicates that investors consider fundamental factors more than short-term political sentiment. This study concludes that the 2024 Presidential Election does not have a significant impact on stock returns and trading volume of the Pefindo 25 Index. Market stability indicates that investors have anticipated this political event in advance. This finding confirms the importance of fundamental factors in investment decision making compared to short-term political sentiment.
MARKET REACTION TO INTEREST RATE CUT ANNOUNCEMENTS: AN EVENT STUDY ON THE INDONESIA STOCK EXCHANGE Meli Yuniar; Shahran Khairana Sofyan; Alex Pintu Batu; Okta Eka Putra
Proceeding National Conference Business, Management, and Accounting (NCBMA) 9th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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Abstract

This study aims to analyze the differences in the performance of all stock indices listed on the Indonesia Stock Exchange (IDX) before and after the implementation of a rate cut policy. A rate cut is a monetary policy instrument used to stimulate economic growth by increasing liquidity, lowering borrowing costs, and encouraging consumption and investment. Such policy changes may affect capital market movements; however, each stock index may respond differently depending on its characteristics and sectoral composition. This research employs a quantitative approach with a paired-sample comparative design. The population consists of all IDX stock indices, including IHSG, FTSE Indonesia, LQ45, Kompas 100, Bisnis-27, IDX30, IDX Islamic, IDX Main Board, IDX Syariah, IDX Sri-Kehati, IDX Banking, SMinfra18, MNC36, Investor33, Jakarta Islamic 70 (JII70), and IDX80. A saturated sampling technique was applied, with observation periods of 15 trading days before and 15 trading days after the rate cut announcement. Data were analyzed using normality tests (Shapiro–Wilk), followed by either the Paired Sample T-Test or the Wilcoxon Signed Rank Test depending on data distribution. The findings indicate that statistically there are no significant differences in the performance of most stock indices before and after the rate cut policy (p-value > 0.05). This suggests that the Indonesian capital market responds efficiently to monetary policy changes, and that the rate cut information may have been anticipated by investors. The results provide implications for investors, regulators, and policymakers in understanding market dynamics following monetary policy adjustments and serve as empirical evidence for investment decision-making and economic policy evaluation.
Analisis Determinan Internal terhadap Penyaluran Green Credit pada Bank Milik Negara di Indonesia Aurelia Larasati; Mutiara Oliviani Iq Rizal; Zulfa Salsabila; Okta Eka Putra
Arus Jurnal Sosial dan Humaniora Vol 6 No 1: April (2026)
Publisher : Arden Jaya Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57250/ajsh.v6i1.2245

Abstract

Penelitian ini bertujuan untuk menganalisis faktor-faktor yang memengaruhi penyaluran Green Credit pada bank milik negara (Bank BUMN) di Indonesia sebagai bagian dari implementasi keuangan berkelanjutan dan upaya mendukung pembangunan ekonomi rendah karbon. Penelitian ini menggunakan pendekatan kuantitatif dengan metode regresi data panel serta memanfaatkan data sekunder yang diperoleh dari laporan tahunan dan sustainability report Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Mandiri, dan Bank Tabungan Negara (BTN) selama periode 2020–2024. Variabel independen yang digunakan meliputi Loan to Deposit Ratio (LDR), Gross Non-Performing Loan (NPL), Corporate Social Responsibility (CSR), dan Environmental, Social, and Governance (ESG), sedangkan Green Credit diproksikan sebagai variabel dependen. Hasil penelitian menunjukkan bahwa variabel keuangan dan non-keuangan memiliki pengaruh yang beragam terhadap penyaluran Green Credit, yang mencerminkan kompleksitas implementasi pembiayaan hijau pada bank BUMN. Temuan ini diharapkan dapat memberikan kontribusi bagi pengembangan literatur green finance serta menjadi bahan pertimbangan bagi perbankan dan regulator dalam merumuskan kebijakan pembiayaan berkelanjutan di Indonesia.
IC-LEE Model: A Financial Inclusion Framework for Strengthening Coastal Tourism Economies Based on Local Wisdom Okta Eka Putra; Elan Rusnendar; Fillah Maulana Akbar
Journal of Management Studies and Development Vol. 5 No. 02 (2026): Journal of Management Studies and Development
Publisher : The Indonesian Institute of Science and Technology Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56741/IISTR.jmsd.001548

Abstract

This study aims to examine the influence of local wisdom, financial innovation ecosystem, and financial inclusion on the development of the creative economy and local economic empowerment in coastal tourism at Benan Island, Lingga Regency. The research employed a quantitative approach using a model development study design. Data were analyzed through Structural Equation Modeling (SEM) using SmartPLS 4, and questionnaires were distributed to creative business actors and local communities. The results indicate that all proposed hypotheses were supported, showing that local wisdom, financial innovation ecosystem, and financial inclusion significantly affect the creative economy and local economic empowerment, both directly and indirectly through the mediation of financial inclusion and creative economy. The Adjusted R² values confirm that the model adequately explains the variance of the constructs, while the high Goodness of Fit demonstrates strong model suitability. These findings highlight the critical role of integrating local cultural values with financial innovation and creative economy development as an effective strategy to enhance sustainable community economic empowerment. The study provides practical implications for government, academics, and business actors to optimize collaboration in supporting the growth of a creative economy grounded in local wisdom.
Co-Authors Alex Pintu Batu Aurelia Larasati Dinan Maolana Ibrahim Elan Rusnendar Fillah Maulana Akbar Hendi Wijaya Kania Aini Salmabila Meli Yuniar Mutiara Oliviani Iq Rizal Shahran Khairana Sofyan Tarisa Nur Asyifa Tasya Bella Oktaviani Zulfa Salsabila