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 16 Documents
Search results for , issue "Vol. 2 No. 4 (2023)" : 16 Documents clear
DETERMINASI PROFITABILITAS DI PT INKA (PERSERO) SEBELUM DAN SELAMA PANDEMI COVID-19 Serdiliyani, Rochmanida Hana; Fadli, Faishal
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 4 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.02.4.4

Abstract

This research was conducted to determine the effect of capital structure (DAR), leverage (DER), liquidity (CR), and research time dummy (Dwp) on the profitability (ROA) of PT INKA (Persero) quarterly in 2013 – 2021 with inflation (TI) as control variable. The purposive sampling method used is as many as 36 data which have been processed using the interpolation method. The data analysis technique uses multiple linear regression with a second difference. The results obtained from this study are (1) DAR has no significant effect on ROA, (2) DER has no significant effect on ROA, (3) CR has a positive and significant effect on ROA, (4) Dwp has a positive and significant effect on ROA, (5) Simultaneously DAR, DER, CR, and Dwp with TI as the control variable have a significant effect on ROA.
PENGARUH ANOMALI PASAR TERHADAP RETURN SAHAM PERUSAHAAN FARMASI YANG TERDAFTAR PADA BURSA EFEK INDONESIA PERIODE 2018-2022 Palullungan, Fisca Fideline; Moh. Athoillah
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 4 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.02.4.12

Abstract

This study aims to determine whether the Week-Four Effect, Rogalski Effect, and The Day of the Week Effect exist and have an impact on the return of shares of pharmaceutical companies listed on the IDX. Ten pharmaceutical businesses listed on the IDX between 2018 and 2022 were a sample of the study. Financial Statements and www.yahoofinance.com provide research data. Descriptive analysis and regression of panel data are used to test hypotheses. The Day of the Week Effect and Week Four Effect factors had a positive and significant impact on the results of the study, while the Rogalski Effect variables did not have a significant impact. This research aligns with the Event Study theory and Signal theory, which will have a good impact on pharmaceutical companies in increasing returns because the information reflected is informative
THE INFLUENCE OF THE BANDWAGON EFFECT, DIGITAL PAYMENT, AND INCOME ON PURCHASE DECISIONS FOR THE KOREAN WAVE ASSOCIATED PRODUCT Lumban Gaol, Rachel Millenia; Wahyudi, Setyo Tri
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 4 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.02.4.8

Abstract

The number of enthusiasm about the Korean Wave is on the rise. This remains across Indonesia as well, allowing for a yearly public consumption of Korean Wave items to exceed 20 million rupiahs. This study aims to determine the influence of several factors considered to drive purchasing decisions, such as the bandwagon effect, digital payments, and income on purchasing decisions for products associated with the Korean Wave (Hallyu). This research is a descriptive quantitative research in which the data collection method was carried out by distributing questionnaires to individuals who were categorized as Generation Z. The data obtained were then processed and tested using the binary logistic regression method with the Wald test method to determine the partial effect and the statistical G test to determine the effect simultaneously. The results showed that the bandwagon effect (X1) and digital payments (X2) partially had a significant effect on purchasing decisions (Y), while income (X3) partially had no significant effect on purchasing decisions (Y). Then the bandwagon effect (X1), digital payments (X2), and income (X3) simultaneously influence purchasing decisions (Y).
PEMETAAN RISIKO SISTEMATIS & PEMBENTUKAN PORTOFOLIO OPTIMAL SAHAM INDEKS LQ45 DENGAN MODEL INDEKS TUNGGAL Chloe, Paquita Maria Angelina; Hascaryani, Tyas Danarti
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 4 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.02.4.3

Abstract

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.
ANALISIS CONTAGION EFFECT RESESI GLOBAL KE INDEKS PASAR MODAL ASEAN Ana Elisa; Satria, Dias
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 4 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.02.4.6

Abstract

The Covid-19 pandemic, the Russia-Ukraine war, and the increase in inflation in the United States have triggered a recession, leading to corrections in the global stock markets, including the ASEAN stock index. This research aims to examine how the relationships between stock markets in the ASEAN region mutually influence each other and seeks to identify which stock index exerts a dominant influence. This study employs the Vector Error Correction Mechanism (VECM) method, utilizing daily closing data from the stock indices of the Philippines (PSEi), Malaysia (KLCI), Indonesia (IHSG), Thailand (SET), and Singapore (STI) from 2018 to 2022. The findings indicate that in the short term, only STI influences PSEi, but in the long term, it is influenced by KLCI, IHSG, and STI. In the short term, KLCI is affected by PSEi, SET, and STI, while in the long term, it is influenced by PSEi, IHSG, and STI. In the short term, IHSG is impacted by PSEi, SET, and STI, while in the long term, it is influenced by PSEi, KLCI, and STI. In the short term, SET is influenced by PSEi and STI, while in the long term, it is influenced by PSEi, KLCI, IHSG, and STI. In the short term, PSEi, KLCI, IHSG, and SET do not influence STI, but in the long term, they are influenced by PSEi, KLCI, and IHSG. These five ASEAN stock indices are predominantly influenced by their respective stock indices.
PENGARUH GREEN BANKING TERHADAP KINERJA KEUANGAN PERBANKAN DI INDONESIA (PERIODE TAHUN 2018-2022) Mahardika, Putu Arya Diva; Fitanto, Bahtiar
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 4 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.02.4.9

Abstract

Environmental problems include climate change, and an increase in the frequency of natural disasters have become widespread phenomena. These harmful trends have been aided by the absence of environmental considerations in banking operations. The idea of "Green Banking" aims to lower carbon emissions both inside and outside of banks. This research aims to analyze the impact of implementing Green Banking on the profitability of banks listed on the Indonesia Stock Exchange during the period 2018-2022. Green Banking is measured using the Green Banking Disclosure Index (GBDI), along with M-Banking Transaction Frequency, Bank Efficiency, and CSR Funds as independent variables. Profitability is projected through the Return on Assets (ROA) as the dependent variable. This research found that partially, CSR funds have a positive and significant influence on ROA (Return on Assets). However, factors like GBDI, M-Banking transaction frequency, and bank efficiency have a negative and significant influence on ROA. Tested simultaneously, the implementation of green banking, including GBDI, M-Banking transaction frequency, bank efficiency, and CSR funds, has a positive and significant effect on profitability.

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