cover
Contact Name
Safrilia Ayu Nani
Contact Email
bpjfeb@ub.ac.id
Phone
+6285708508515
Journal Mail Official
csefb@ub.ac.id
Editorial Address
Jl. MT Haryono No 165 Malang Fakultas Ekonomi dan Bisnis Universitas Brawijaya
Location
Kota malang,
Jawa timur
INDONESIA
Contemporary Studies in Economic, Finance and Banking (CSEFB)
Published by Universitas Brawijaya
ISSN : -     EISSN : 29633303     DOI : 10.21776/ub.csefb
Core Subject : Economy, Social,
Publish all forms of quantitative and qualitative research articles as well as other scientific studies related to the fields of Economics, Finance, and Banking.
Articles 15 Documents
Search results for , issue "Vol. 1 No. 3 (2022)" : 15 Documents clear
PENG ARUH VARIABEL MONETER DAN HARGA MIN YAK DOMESTIK TERHADAP INFLASI DI INDONESIA PERIODE 2009 2019 Nur Shomita Hidayati; Maski, Ghozali
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 3 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2022.01.3.01

Abstract

Inflation is one of the references that can be used as a tool to measure or see the economic stability of a country. To maintain stability from inflation, it is necessary to implement monetary policy. This study intends to determine the effect of variables that can affect inflation in Indonesia in 2009-2019. The main variables used in this study are the money supply, interest rates, exchange rates and domestic oil prices due to the finding of gaps between factual data and theory in these variables. The method used is the Partial Adjustment Model (PAM). The results of this study indicate that the money supply, exchange rate, and domestic oil prices have no significant effect on inflation in Indonesia in 2009-2019. Meanwhile, interest rates have a positive and significant impact on inflation in Indonesia in 2009-2019.
PERBANDINGAN PENGUKURAN STRUKTUR PERSAINGAN HERFINDAHL-HIRSCHMAN INDEX DAN CONCENTRATION RATIO INDUSTRI PERBANKAN INDONESIA Khansa, Ken Ayu; Shofwan
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 3 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2022.01.3.08

Abstract

This study aims to determine, measure and analyze and compare the structure of banking competition in Indonesia.This study used a sample of 9 banks, each consisting of 4 State-Owned Commercial Banks (BUMN) and 5 National Private Commercial Banks (BUSN) with market share gains based on the largest Third Party Funds in Indonesia. The data analysis method used is concentration ratio analysis using Herfidahl-Hirschman Index (HHI) and Concentration Ratio (CR). The results of the analysis show that there is a difference in results between the ratio of HHI and CR, the HHI ratio shows that the Indonesian banking market is in a monopolistic competition market, while based on the CR ratio, Indonesian banks are in a perfectly competitive market, further analysis shows an increasing level of market concentration and the suitability of the Indonesian banking market with characteristics in the monopolistic market.In addition, based on each group of banks, the group of state-owned banks is in the market of loose oligopoly competition / monopolistic competition, in the Group of National Private Commercial Banks is in the structure of effective / monopolistic competition, while in the group of banks that are classified as large (BUKU IV) it is in the structure of loose oligopoly competition or monopolistic competition.
PENGARUH JUMLAH UANG BEREDAR, NILAI TUKAR, FOREIGN DIRECT INVESTMENT, DAN INDEKS HARGA PERDAGANGAN BESAR TERHADAP EKSPOR INDONESIA TAHUN 2009-2021 Radifan, Fadhil; Saputra, Putu Mahardika Adi
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 3 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2022.01.3.15

Abstract

This study aims to determine the effect of the money supply, exchange rate, foreign direct investment and wholesale trade price index on exports in Indonesia. This study uses a quantitative approach. The method used is Error Correction Model (ECM). The data obtained are secondary data published by the Central Statistics Agency (BPS) in the form of money supply, the wholesale and export price index, the Ministry of Trade in the form of exchange rates and the Investment Coordinating Board (BKPM) in the form of foreign direct investment. The results of this study indicate that the money supply has a positive and significant effect on Indonesian exports in the short and long term. Meanwhile, the exchange rate and foreign direct investment have a negative and significant impact on Indonesia's exports in the short and long term. Also, the wholesale price index has a positive and significant impact on Indonesian exports in the short term.
ANALISIS RASIO UNTUK MENGUKUR KINERJA KEUANGAN PEMERINTAH PROVINSI JAWA TIMUR PER-KABUPATEN/KOTA TAHUN ANGGARAN 2012-2021 Siagian, Ester Katerina P.; Fadjar, Nurman Setiawan
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 3 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2022.01.3.07

Abstract

This research, which was conducted in East Java, attempts to identify and analyze the financial performance of regional government during the 2012-2021 fiscal years. This descriptive quantitative research uses secondary data, summarized from the 2012-2021 period budget. The population are 38 regencies and cities in East Java. This study finds that 5.2% of the regions are independent (i.e. Surabaya city and Sidoarjo regency), 2.6% are toward independency (i.e. Gresik regency), 26% are in consultative relationship pattern (i.e. Tulungagung regency, Pasuruan regency, Mojokerto regency, and Madiun city), while the rest are having low independency or in instructive relationship pattern. This study also finds that the local financial management of the 38 regencies and cities in the province is very effective; the ration between the targeted and realized local own-source revenues is higher than 100%. The financial efficiency of the regencies and cities during the research period is not quite efficient. In fact, Pacitan regency, Sidoarjo regency, and Pamekasan regency are inefficient in the said matter. Furthermore, it was also found that the local budgets of the 38 local governments during the 2012-2018 were mostly allocated to direct expenditures. However, during the 2019-2021 period, following the enactment of government regulation number 12 of 2019 concerning the changes in local own-source revenue realization format, the local governments’ expenditures were dominated by employee expenditures. Finally, this study also finds that, during the last decade, the local own-source revenues of the said local governments were not stable and tended to decline.
ANALISIS HERDING BEHAVIOR PADA SEKTOR SEKTOR YANG TERDAFTAR DI BURSA EFEK INDONESIA DAN BURSA SAHAM MALAYSIA TAHUN 2015 2021 Ivan Purnama Putera; David Kaluge
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 3 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2022.01.3.14

Abstract

The growth of investors in the Indonesian capital market has grown significantly over the past five years. However, this was followed by a fairly slow growth in financial literacy, especially in the capital market sector. The existence of inequality in the growth of these two things can lead to irrational investors because investors who have good literacy will make better investment decisions by doing analysis. One of the irrational behavior as a result of this inequality is herding behavior. In addition, the COVID-19 pandemic which caused panic among investors in the capital market also encouraged herding behavior. This study aims to analyze and detect herding behavior on the Indonesia Stock Exchange and the Malaysia Stock Exchange by dividing it into three different periods, namely before the pandemic, during the pandemic, and after the COVID-19 pandemic. The method used to detect herding behavior in this study is Cross. Sectional Absolute Deviation (CSAD) introduced by Chang et al. (2000) using the rolling regression method. The results showed that the intensity level of herding behavior was very high during the COVID-19 pandemic or in 2020 on the Indonesia Stock Exchange and the Malaysian Stock Exchange. In addition, for the entire study period, the intensity level of herding behavior on the Malaysian Stock Exchange is higher than the Indonesian Stock Exchange.

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