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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 282 Documents
Impact of the 2024 United States’ Presidential Election on the DJIA Index Putra, Aditia Dwi; Fadli, Faishal
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.2025.04.4.16

Abstract

Major global political shifts, such as the United States Presidential Election, inevitably trigger waves of economic uncertainty worldwide. Because of this inherent volatility, it becomes absolutely essential for market participants to deeply understand how capital markets respond to such high-stakes events. This research is dedicated to examining the specific impact of the 2024 US Presidential Election on the major companies listed within the Dow Jones Industrial Average (DJIA). Focusing on two critical variables, which is Average Abnormal Return (AAR) and Average Trading Volume Activity (ATVA), this study adopts a quantitative event study methodology. By applying a Paired Sample t-Test, the research analyzes data across a specific observation window, comparing the 14 days immediately preceding the election against the 14 days following it. The analysis yields a compelling insight. There was a statistically significant shift in AAR values, there was no corresponding significant change in ATVA. This distinction highlights that the market’s reaction is primarily visible through price adjustments rather than spikes in transaction volume. Ultimately, this suggests that investors holding blue-chip stocks manage political risk strategically through efficient asset revaluation rather than engaging in impulsive trading, proving the market's resilience.
Comparative Analysis of The Influence of Bank Financial Performance on Loan Distribution for MSME in Indonesia Sipayung, Alya Anggreani; Fitanto, Bahtiar
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.2025.04.4.17

Abstract

This study aims to examine a comparative analysis of the effect of the financial performance of conventional state-owned banks, reflected in the Capital Adequacy Ratio (CAR), Return on Assets (ROA), Non-Performing Loans (NPL), and Loan to Deposit Ratio (LDR), on MSME credit distribution during the periods January 2016-December 2019 and January 2021-December 2024. The analysis was conducted using Multiple Linear Regression. The results for the 2016–2019 period show that, individually, only ROA had a significant effect on MSME credit distribution. Simultaneously, the independent variables did not significantly affect MSME credit distribution. The analysis results for the 2021–2024 period demonstrate that CAR and LDR had no significant effect. On the other hand, ROA and NPL had a significant effect on MSME credit distribution. Simultaneously, all variables had a significant influence on MSME credit distribution. The study results indicate a significant difference in the financial performance of state-owned conventional banks in relation to MSME credit distribution in Indonesia between the 2016–2019 and 2021–2024 periods