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 262 Documents
PENGARUH PENGUMUMAN DIVIDEN TERHADAP ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY PADA PASAR MODAL INDONESIA TAHUN 2020-2021 Pratama, Laode Ivan; David Kaluge
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.1.16

Abstract

The Covid-19 pandemic has had a broad impact on all sectors in Indonesia. Many investors responded by selling their shares to minimize potential losses that could be caused by continued economic uncertainty. Market conditions that continue to experience significant decline have triggered a crisis in the capital market. In an effort to calm panic in the market, dividend announcements are considered an effective strategy because they have a positive signal that can provide confidence to investors and act as a counterweight to market volatility. Therefore, this research aims to determine the effect of dividend announcements on abnormal returns and trading volume activity in the Indonesian capital market in 2020-2021. This research uses the event study method which studies the capital market's reaction to an event whose information is published as an announcement. The research results show that there is an influence of dividend announcements on abnormal returns in the Indonesian capital market, especially in the energy and consumer cyclicals sectors and there is an influence of dividend announcements on trading volume activity in the Indonesian capital market, especially in the basic materials and technology sectors. "Pengumuman dividen ; Abnormal return ; Trading volume activity ; Covid-19"
ANALISIS PENGARUH DIGITAL BANKING TERHADAP PROFITABILITAS BANK haryono, jesselyn julia; Widiyanti, Dwi Retno
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.1.18

Abstract

The objective of this research is to identify the effects of digital banking on the profitability of banks by examining 71 Indonesian commercial banks that have published their Q1 financial statements during the 2019-2023 period. The profitability was measured using ROA (Return on Assets). The factors believed to affect the commercial banks’ profitability that are incorporated in this study are digital banking index, bank size, bank age and NPL. The digital banking index was acquired by measuring eleven facilities of digital banking. Using panel data regression, this study finds that digital banking index negatively and significantly influences the banks’ ROA, that bank size positively and significantly affects the banks’ROA, and that bank size and NPL do not have any impact on the banks’ ROA.
PENGARUH LEMBAGA KEUANGAN MIKRO TERHADAP PENGEMBANGAN UMKM (Studi Pada Pinjaman Koperasi di Kabupaten Mojokerto, Jawa Timur) Arini, Silvia Nurfita; Nurul Badriyah
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.1.20

Abstract

This research aims to find out how microfinance institutions, especially cooperatives, influence the development of MSMEs with variables, namely the amount of financing and cooperative interest rates, influencing the development of MSMEs from the perspective of business profits. This research uses quantitative research methods with multiple linear regression analysis tools. The data used in this research is primary data obtained using questionnaires from respondents, namely 55 MSMEs in Mojokerto Regency. In this research, research results found that the variables of the amount of financing and interest rates set by cooperatives had an effect on the development of MSMEs (in terms of increasing turnover). From the results of this research, it is recommended that MSME players make more use of cooperatives as a place to obtain financing with the aim of developing MSMEs. And MSME players must be more able to distribute their business funds so that capital problems do not become an obstacle in developing their business.
PENGARUH RISIKO SUKU BUNGA THE FED, RISIKO INFLASI, DAN RISIKO KURS RUPIAH TERHADAP IHSG Monica, Aurenshia; Fitanto, Bahtiar
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.1.17

Abstract

There are external (macro) factors such as monetary and fiscal policies that companies can’t control. The rise in interest rates, the depreciation of exchange rates, and the inflation would cause high fluctuations in capital markets. This research aims to analyze the impact of interest rates, Rupiah exchange rate risk against the Dollar, and inflation rates on Composite Index. The approach used is a quantitative approach with the Error Correction Model (ECM) analysis method during the period 2017 – 2022. Independent variables include The Fed's interest rate risk, inflation risk, and Rupiah exchange rate risk, while the dependent variable is stock prices. The research results show that the risk of the Fed interest rate and the risk of the Rupiah exchange rate against the Dollar had a negative and significant effect, while inflation risk had no significant effect on the Composite Index.  This research is expected to provide benefits for investors, policy makers, stock regulators, and readers to see the analysis of changes in stock prices due to changes in macroeconomic variables.
PENGARUH LITERASI KEUANGAN, HERDING, DAN HEURISTIK TERHADAP KINERJA INVESTASI MAHASISWA DI INDONESIA Karimah, Haifa Asma; Suman, Agus
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.1.19

Abstract

This study aims to analyze the influence of financial literacy, herding, and heuristics on the investment performance of university students in Indonesia. The first issue in this study is the small number of investors caused by the motivation and return of investment, and the second issue is the discovery of anomalies in the capital market. The main theory used as a reference in this research is Behavioral Finance theory.  This type of research is quantitative with primary data using a Likert scale, tested by the Partial Least Square method. The results in this study indicate that financial literacy and heuristics have a positive and significant effect on investment performance. In addition, herding has a positive but insignificant influence on investment performance. This research has a contribution as a source of new information and reference in the development of science, especially with studies related to investment, capital markets, financial behavior, and other related topics.
ANALISIS KOMPARASI PENGARUH RISIKO SISTEMATIS TERHADAP RETURN SAHAM SEKTORAL DI INDONESIA PADA MASA PERANG RUSIA-UKRAINA DAN KRISIS PROPERTI CHINA Pradani, Amaretta Hanindya; David Kaluge
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 2 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.2.07

Abstract

The study aimed to find out a comparison of the influence of systematic risk on 11 sectoral stock returns in the time of the Russian-Ukrainian war and the Chinese property crisis. This study uses quantitative research methods with linear regression analysis tools using dummy variables. The data used in this study are secondary data in the form of time series with weekly time periods from 2021 to 2023. The study found that systematic risk values during the Russian-Ukrainian war and the Chinese property crisis were lower than in normal times. In wartime systematic risk had a significant impact only on the stock returns of the primary consumer goods sector. Meanwhile, during the Chinese property crisis systematic risk did not have a significant effect on all sectoral stock returns. In addition, in normal times systematic risks do not have a significant effect on the return of shares of the technology sector as well as property and real estate.
IDENTIFIKASI FAKTOR PENENTU PROFITABILITAS BPR DI PROVINSI NUSA TENGGARA TIMUR (NTT) Saputri, Kristiani Hilda; Al Muizzuddin Fazaalloh
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 2 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.2.06

Abstract

This study aims to determine the effect of CAR, LDR, and NPL on the profitability of Rural Banks in East Nusa Tenggara Province for the period 2017 – 2022. The purpose of this study is to determine the effect of capital adequacy, credit risk, liquidity risk, and operating costs on BPR profitability with a research sample of 11 banks. The research method used in this research is purposive sampling method. The data analysis technique uses panel data regression with a random effect model.
ANALISIS DETERMINAN INTERNAL YANG MEMENGARUHI PROFITABILITAS BANK-BANK DENGAN ASET TERBESAR TAHUN 2015-2022 Sitanggang, Yohana Damaris; Wildana, Muhammad Dandy Alif
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 2 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.2.10

Abstract

Covid-19 had raised concerns among investors, leading to a decline on the stock price. Banks had successfully restored investors confidence by maintaining their profitability. This research aims to see how banks manage internal banking resources to achieve optimal profits by determining the influence of assets, capital, deposits, loans, and Operational Efficiency Ratio (BOPO) on Return on Assets (ROA) of banks during the Covid-19 Pandemic. The data used in this study are Bank BRI, Mandiri, BNI, BCA, BTN, and BSI’s quarterly financial reports  from 2015-2022.  The research method employed is panel data analysis using random effect model. The result of the analysis indicates that capital and BOPO significantly affect ROA, while assets, loans, and deposits do not significantly influence ROA. Simultaniously, the variables of assets, capital, deposits, loans, and BOPO collectively affect ROA.
THE MAIN FACTORS THAT ESTABLISH THE WELFARE OF CORPORATE SOCIAL RESPONSIBILITY’S BENEFICIARIES OF PERTAMINA FOUNDATION Gema, Alfatira; Pangestuty, Farah Wulandari
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 2 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.2.01

Abstract

Social welfare has grown to be a crucial component of national development policies. At the same time, important to aware that less prosperous communities, including the homeless, street children, child labourers, and migrant workers, are the primary recipients of social assistance. Social welfare is a condition of human life created when various social problems can be managed properly. This understanding places social welfare as the goal of development activities. Corporate social responsibility is one of the programs considered as one that can contribute to the welfare of society. This research aims to analyse, confirm, and then conduct research to gather facts and conclusions regarding the main factors that establish the welfare of corporate social responsibility beneficiaries of the Pertamina Foundation. This quantitative research using surveys through google form to Pertamina Foundation's beneficiaries using a Likert scale. This research also uses SEM methods with LISREL as a tool. The result shows that CSR- Economic Aspect (X1), CSR-Social Aspect (X2) and CSR-Environmental Aspect (X3) positively and significantly influences the welfare of Pertamina Foundation’s beneficiaries.
THE EFFECT OF GOVERNMENT EXPENDITURE ON EDUCATION, HEALTH SECTOR, AND GROSS REGIONAL DOMESTIC PRODUCT ON HUMAN DEVELOPTMENT INDEX Al Fian, Muhammad Ilham N.; Bintoro, Nugroho Suryo
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 2 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.2.09

Abstract

The pursuit of social welfare stands as a paramount objective of any given nation, with the underlying social system playing a pivotal role in its realization. To effectively achieve this goal, governments must enhance human well-being, exemplified by increased investments in education and healthcare. These domains inherently contribute significantly to the amelioration of human quality, subsequently leading to the augmentation of overall societal welfare. The focal point of this study is to ascertain the impact of governmental expenditures on education, healthcare, and the gross regional domestic product on the general populace's well-being, as gauged by the Human Development Index (HDI). The empirical data employed for this study comprises secondary data procured from pertinent sources such as the Ministry of Finance, the Indonesian Central Bureau of Statistics, the Ministry of Health, and the Ministry of Law and Human Rights. This research constitutes a quantitative inquiry encompassing 29 regencies and 9 cities situated in East Java during the 2015-2019 timeframe. The analytical approach employed herein hinges on panel data regression analysis.