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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
The Effects of Macroeconomic, Fundamental, and Technical Variables on the Infobank15 Stock Price Index During the January 2020 – December 2024 Period Suwandi, Bryan Zelig; Sakti, Rachmad Kresna
Contemporary Studies in Economic, Finance and Banking Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

This study aims to analyze the effects of Macroeconomic Variables, namely Inflation and Interest Rates, Fundamental Variable namely Net Interest Margin, and Technical Variable namely Exponential Moving Average 21 on The INFOBANK15 Stock Price Index in the range January 2020 to December 2024. This research uses a quantitative approach, using secondary data sourced from Otoritas Jasa Keuangan, Bank Indonesia, Bursa Efek Indonesia, and Yahoo Finance. The data analysis tool uses Panel Data Regression and is processed with Stata 17 software. The results showed that the Inflation, Net Interest Margin, and Exponential Moving Average 21 Variables had a positive and significant effect on The INFOBANK15 Stock Price Index, while the Interest Rate Variable had a negative and significant effect on The INFOBANK15 Stock Price Index.
Comparative Analysis of Investment Performance Between Conventional and Islamic Stocks (A Study of the Jakarta Islamic Index (JII) and Bisnis27 Index in the 2020-2024 Period) Widiawati, Farradila Echa; Tyas Danarti Hascaryani
Contemporary Studies in Economic, Finance and Banking Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

The rapid expansion of the Islamic capital market in Indonesia has heightened public interest in sharia-compliant investments. The purpose of this research is to compare the investing performance of conventional stocks with Islamic stocks from 2020 to 2024. The measurement used is using the risk adjusted performance method which consists of the sharpe ratio, treynor ratio, and alpha jensen ratio. This research uses samples of JII index as a representatives of sharia stocks and Bisnis27 index as representatives of conventional stocks. The method of analysis uses the mann-whitney u test. The result of this research showed that there is no difference in stock investment performance between conventional stocks and Islamic stocks as measured using the sharpe ratio and treynor ratio. While the alpha jensen ratio there is a difference in stock investment performance between conventional stocks and Islamic stocks.