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Contemporary Studies in Economic, Finance and Banking (CSEFB)
Published by Universitas Brawijaya
ISSN : -     EISSN : 29633303     DOI : 10.21776/ub.csefb
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
Publish all forms of quantitative and qualitative research articles as well as other scientific studies related to the fields of Economics, Finance, and Banking.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 302 Documents
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The Effect of Company Fundmentals and Macroeconomics Factors on Stock Prices in the 2019-2023 Period (A Study on Banking Companies in the Infobank15 Index) Rafi, Izzan Ayman; Paksi, Girindra Mega
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.2025.04.3.05

Abstract

This study aims to analyze the factors that influence banking stock prices with large market capitalization, which impact the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange. The variables used include macroeconomic variables (interest rates) and company fundamental variables (ROA, PBV, DER). This research is quantitative and explanatory, using purposive sampling on 12 companies listed in the Infobank15 index for the 2019-2023 period. The analysis was conducted using multiple linear regression and classical assumption tests, including normality, multicollinearity, heteroscedasticity tests. The results show that PBV and interest rates have a significant positive effect on banking stock prices, while ROA and DER have no significant effect on banking stock price movements. This study recommends that investors focus more on interest rates and PBV indicators to predict banking stock price movements.
The Impact of NPL and LLP on Profitability of Digital and Conventional Banks Ronauli, Amelia Akiko; Pangestuty, Farah Wulandari
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.2025.04.3.04

Abstract

Profitability is the most important aspect of conventional and digital banks in Indonesia. This has also been emphasized and expected by regulators so that banking profitability in Indonesia continues to increase. In addition, NPL and LLP as part of credit risk in conventional and digital banks in Indonesia experienced fluctuating trends and tended to increase in the previous few years, so this could affect the profitability of each bank. The study continued with the aim of re-identifying the effect of NPL and LLP on the profitability of digital banks and conventional banks in Indonesia using the panel data regression estimation method. Researchers used digital banks and conventional banks in Indonesia according to predetermined criteria. The results found that, NPL and LLP in conventional banks were found to have a significant negative impact on profitability. While in digital banks in Indonesia, NPL was found to have no impact on profitability and LLP had a significant negative impact. Thus, these findings are expected to help the banking industry and other regulators in evaluating and making policies related to increasing profitability in the Indonesian banking industry.
The Effect of QRIS Implementation in Digital Banking Service on Bank Probality Indonesia Ahmad Kamal Assarif; Bintoro, Nugroho Suryo
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.2025.04.3.02

Abstract

Research objectives for determine the effect of Qris implementation on Digital Banking services on banking profitability in Indonesia, taking into account BOPO, M-Banking, and Fee Based Income as independent variables. The method used is panel data regression with secondary data obtained from bank annual reports during the 2020-2023 period and BI statistical data. This study found that the variables Qris, BOPO, M-Banking have a negative and significant influence on bank profitability. Meanwhile, the fee-based income variable has a positive but insignificant effect on bank profitability. However, when tested together, the variables Qris, BOPO, M-Banking. Fee Based Income has a positive and significant influence on bank profitability (ROA).
Comparative Analysis of Digital Banks’ Financial Performance Based on Profitability Ratios (A Case Study: Allo Bank and Bank Neo Commerce (BNC) in the 2021-2023 Period) Saswita Sianipar, Rica; Galuh, Ajeng Kartika
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.2025.04.4.08

Abstract

The digital banking industry has become the center of attention in the era of ever-growing digitalization. In this context, financial performance analysis is crucial for understanding the effectiveness and sustainability of digital banks. This research aims to analyze and compare the economic performance of two leading digital banks in Indonesia, namely Allo Bank and Neo Commerce Bank, based on profitability ratios. By utilizing financial report data for the 2021-2023 period, this research uses a comparative descriptive analysis method to evaluate the economic performance of the two banks. Data analysis uses 2 different tests,  the Independent Sample Test and the Mann Whitney-Test using SPPS 21. The research results show that Net Profit Margin (NPM), Return On Assets, Return On Equity, and Return On Investment (ROI) are partially different. Significant between 2 digital banks Allo Bank and Bank Neo Commerce (BNC).
Determination of Bank Financial Stability in Indonesia: An Analysis of Liquidity Creation, Profitability, and Credit Risk Sukarianto, Nanda Arifah; Pangestuty, Farah Wulandari
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.2025.04.3.08

Abstract

The resilience of the banking system is a fundamental prerequisite for maintaining financial system stability, especially amid increasing global pressures in the wake of the pandemic and geopolitical conflicts. This study aims to examine the factors influencing bank financial stability in Indonesia, highlighting the roles of liquidity creation (LC), profitability measured by return on equity (ROE), and credit risk, proxied by the non-performing loan (NPL) ratio. Bank financial stability in this study is measured using the Z-Score, based on quarterly panel data from four KBMI IV banks from 2020 to 2024. The analysis method used is panel data regression with a fixed-effects model approach. The results of the analysis indicate that ROE has a significant positive impact on stability, while LC and NPL have a significant negative impact. These findings confirm that increased liquidity creation without adequate risk management has the potential to cause financial instability. This study contributes to post-crisis empirical literature and offers policy recommendations to strengthen the resilience of the national banking sector.
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.
Monetary Policy and MSME Credit in the Perspective of ECM Nabila, Shofiya; Devia, Vietha
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.2025.04.3.06

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are a strategic sector in the national economy, but the stability of their financing is influenced by macroeconomic conditions and monetary policy. Studies on the relationship between monetary policy and MSME credit financing are still relatively limited. This study aims to analyze the effect of the benchmark interest rate, money supply, and inflation on MSME credit financing. Using monthly data from 2014 to 2024 and the Error Correction Model (ECM) approach, this study examines the short-term and long-term relationships between variables. The results show that the benchmark interest rate does not have a significant impact in the short term but has a significant positive impact in the long term. The money supply has a significant positive impact in both the short and long term, while inflation has a significant negative impact on both time horizons. These findings provide empirical evidence of the effectiveness of monetary policy in influencing SME financing. The implications of the study emphasize that the formulation of monetary policy needs to consider the differences in short-term and long-term dynamics to better align with the sustainable financing needs of SMEs.
The Influence of Macroeconomic Factors and Bank Health Ratios on Non-Performing Loan (A Case Study: Bank Rakyat Indonesia) Kurnia Firmansyah, M Rizky Indra; `Fadli, Faishal
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.2025.04.3.19

Abstract

This research seeks to examine the factors that influence the NPL level BRI, considering the NPL trend BRI has improved relatively compared to other KBMI IV Banks and has a large focus on lending to the UMKM sector which inherently has higher credit risk. The variables used in this research are inflation, GDP, CAR, LDR, NIM, & BOPO to the NPL level BRI uses a quantitative approach with models Error Correction Model (ECM). The research results show that in the short term inflation, LDR, and NIM has a significant effect on NPL, while GDP, CAR, and BOPO have no significant effect. However, in the long term inflation, CAR and NIM have a significant effect on NPL, while GDP, LDR, and BOPO are not significant. Thus, the implication of this research is that banks can focus on managing credit risk and debtors can understand the factors that can influence their ability to pay, thereby supporting better decision making for both parties.
Analysis of the Effects of Profitability Ratio and Macroeconomic Variables on the Stock Prices of Banking Companies Listed on the Indonesia Stock Exchange for the 2016-2023 Period Pratama, Alfito Dias; Indraswari, Citra
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.2025.04.3.03

Abstract

This study aims to analyze the effects of profitability variables and macroeconomic variables on stock prices in banking sector companies listed on the Indonesia Stock Exchange for the period 2016-2023. The data used is secondary data with the panel data regression analysis method. The results indicate that ROA has a positive impact on stock prices, NIM has a positive impact on stock prices, inflation has a negative impact on stock prices, and interest rates have a negative impact on stock prices in banking sector companies. While ROE has no effect on stock prices in banking sub-sector companies.
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.

Page 26 of 31 | Total Record : 302

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