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ANALISIS PENGARUH SENTIMEN INVESTOR, TINGKAT SUKU BUNGA, NILAI TUKAR DAN CONTAGION EFFECT TERHADAP IHSG
Salsabila Nasyiha Al Sakinah;
Vietha Devia SS
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 4 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2022.01.4.06
Investment is an activity to delay consumption, with the aim of getting added value in the future. Currently, the development of investment in Indonesia has increased greatly, as seen from the movement of the Jakarta Stock Exchange Composite Index (JKSE) which has occurred during the last 5 years has experienced a significant increase. The movement of the Jakarta Stock Exchange Composite Index (JKSE) is influenced by several factors. This study aims to determine how the influence of investor sentiment, exchange rate, BI Rate and Contagion Effect on the Jakarta Stock Exchange Composite Index (JKSE). The research method used in this research is Multiple Regression Analysis and Vector Error Correction Model. The results of this study indicate that there is a positive influence between Investor Sentiment and Jakarta Stock Exchange Composite Index (JKSE), Exchange Rates have a negative effect on Jakarta Stock Exchange Composite Index (JKSE), while the BI Rate has no effect on the Jakarta Stock Exchange Composite Index (JKSE). The ASEAN Stock Exchange Index has a long-term relationship with the Jakarta Stock Exchange Composite Index (JKSE) and is integrated with each other.
PENGARUH STRUKTUR KEPEMILIKAN SAHAM, CSR, INFLASI DAN SDM TERHADAP KINERJA KEUANGAN PERBANKAN
Sari, Indah Purnama;
susilo
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 4 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2022.01.4.03
The banking industry is currently facing intense competition. Therefore, banking companies need to pay attention to their financial performance for the survival of the company. This study aims to determine the effect of share ownership structure, corporate social responsibility, human resources and inflation on banking financial performance (a study at commercial banks listed on the IDX. The data used in this research is secondary data. This research includes population research, because all samples used met the criteria used.The samples used were 41 commercial bank companies.The data analysis used was multiple linear regression analysis.Based on the results of the research conducted, the results obtained were that both in 2018 and 2021 partially the share ownership structure has no effect on banking financial performance.Corporate social responsibility, inflation and human resources, partially have an influence on financial performance.Simultaneously, the structure of share ownership, corporate social responsibility, inflation and human resources have an influence on financial performance.In In 2018 and 2021, human resources are the most dominant variable affecting financial performance.
PENGARUH DELIVERY CHANNEL, UKURAN PERUSAHAAN DAN LIKUIDITAS TERHADAP KINERJA KEUANGAN PERBANKAN DI INDONESIA
Dita Saragih, Gabriella Johana;
Wahyudi, Setyo Tri
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 4 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2022.01.4.08
Financial Performance is a key indicator for banks in evaluating and identifying the role of financial ratio in supporting their operational performance development. The purpose of this research is to identify the effect of delivery channel, firm size, and liquidity on banks’ financial performance using panel data regression analysis. This study finds that delivery channel does not influence Non-Performing Loan (NPL) and Return on Assets (ROA), but it affects Return on Equity (ROE) and Capital Adequacy Ratio (CAR). Then, firm size affects all ratios that are used as the proxy of financial performance, while liquidity does not influence them. Furthermore, delivery channel, firm size, and liquidity simultaneously affect the financial performance of Indonesian banks. This research can be used by banks as a foundation to evaluate their future financial performance and to inform the public about their revenues from delivery channel transactions with their customers. In addition, it can be used by the public to support banks’ financial performance through the use of their financial products and services and by the government to make correct decisions for their policies.
FAKTOR-FAKTOR YANG MEMENGARUHI MINAT PENGGUNAAN FINTECH SEBAGAI ALAT PEMBAYARAN DIGITAL
Putu Emy Trimisyantari Putri;
Hascaryani, Tyas Danarti
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 4 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2022.01.4.10
The growth of the fintech ecosystem in Indonesia has been rapidly increasing in the past five years, until Q2 2020 362 fintech companies are members of the Indonesian Fintech Association (AFTECH). The increase in the adoption of fintech by the public can also be seen from the increase in the value of digital payment transactions by 122,89% from 2017 to 2021. The community began to turn into a cashless society during the Covid-19 pandemic. This research aims to determine the effect of variables from the Technology Acceptance Model (TAM) and consumer knowledge on the interest in transacting using e-wallets. This study uses a quantitative approach with multiple linear regression method. Data were obtained through questionnaires distributed to 96 respondents from generation X and 96 respondents from generation Z who had transacted using e-wallets and lived in Denpasar City. Statistical tests were carried out using the help of SPSS software version 26. The results showed that the variable perceived usefulness, perceived ease of use, and consumer knowledge partially and simultaneously proved to have a positive and significant influence on the intention to transact using e-wallets as a digital payment in both generation X and generation Z.
ANALISIS PENGARUH ENVIRONMENT, SOCIAL, GOVERNANCE (ESG) SCORE TERHADAP RETURN SAHAM YANG TERDAFTAR DI INDEX IDX30
Aditama, Fahreza
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 4 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2022.01.4.05
This study aims to examine the effect of the environmental, social, and governance (ESG) score on the company's stock returns. This study uses a sample of companies listed on the IDX30 Index from 2017-2020. The analysis technique used is in the form of multiple linear analysis using ESG score as the independent variable and stock return as a dependent variable and analyzed with the application of E-views 10. The results show that only the environmental score influences the company's stock returns. In further analysis, the social score and governance score do not affect the company's stock returns. Environmental score has a negative effect on stock returns. Companies must increase investment and assets if they want to reduce and limit the number of emissions issued in their business processes. This will affect the company's profitability so that it can influence investors' decisions.
ANALISIS FAKTOR – FAKTOR YANG MEMPENGARUHI PENGANGGURAN TERDIDIK LULUSAN PERGURUAN TINGGI JAWA TIMUR
Faramadina, Dinda amalia;
Fadjar, Nurman Setiawan
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 4 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2022.01.4.02
One of the characteristics of unemployment in Indonesia is the large number of unemployed with a higher education background which is called educated unemployment. There was an increase in educated unemployment in Indonesia and East Java Province during 2018 – 2020. This study aims to analyze the factors of educated unemployment for East Java university graduates. With primary data and binary logit regression model to determine the effect of age, gender, level of education, reservation wage, and work skills on unemployed educated East Java university graduates. Which causes age to have a negative effect on educated unemployment, while wages have a positive effect on educated unemployment. In addition, two factors of job skills, career development learning and problem solving skills have a negative influence on educated unemployment. The results of the study indicate that unemployed youth are men and women with college education, and expect high levels of wages.
PENGARUH DEBT RATIO, TOTAL ASSET TURNOVER, DAN CURRENT RATIO TERHADAP RETURN SAHAM SEKTOR INFRASTRUKTUR TAHUN 2015-2021
Fauzan Aryaputra;
Kaluge, David
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 2 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2023.02.2.15
This study aims to examine the effect of Debt ratio, Total asset turnover, and Current ratio on the company’s stock return. This study uses a sample of 15 companies from infrastructure sector from 2015-2021. The analysis technique used is in the form of multiple linear analysis using Debt ratio, Total asset turnover, and Current ratio as the independent variable and stock return as a dependent variable and analyzed with the application of E-views 12. The results show that Total asset turnover, and Current ratio influences the company's stock return. In further analysis, debt ratio do not affect the company's stock returns. Companies must maintain it’s leverage and liquidity to increase company’s performance financially This will affect the credibility of the company so that it can affect investors' perceptions of companies in the infrastructure sector.
KONDISI BANK BUMN PERIODE SEBELUM DAN SESUDAH PENGUMUMAN PROGRAM PENEMPATAN UANG NEGARA
Bhaktiyana, Arif Kiyat;
Fadli, Faishal
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 1 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2023.02.1.11
This study aims to analyze the impact of the State Money Placement Program on company value, stock prices, and stock abnormal returns at state-owned banks, which is based on the various effects of PEN policies on the economy. The method in this study is the Event Study and also performs a T-test to see the differences in the variables before and after the event period. The variables used are firm value from Tobin's Q calculations, daily closing stock prices, and daily stock abnormal returns. This study found that there was an impact of the State Money Placement program on company value, stock prices, and abnormal returns on shares of BUMN Banks. Where the impact resulted in differences in company value and stock prices in the period before and after. However, there is no difference in abnormal returns, this is due to significant daily abnormal returns that recur before the day of the event, which indicates that investors have responded and rated it as a good signal before the day of the event. This investor response was made possible due to the news that has been circulating regarding government policies to overcome the economic crisis due to the Covid-19 pandemic.
REAKSI INVESTOR TERHADAP INFORMASI PENINGKATAN KASUS HARIAN COVID-19 PADA EMITEN PENYEDIA JASA KESEHATAN BEI
Fathoni, Imam;
Fadli, Faishal
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 1 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2023.02.1.13
COVID-19 pandemic have impact on the economy, We can see from the IDX stock market crash, that can be observed from january 2020 untill march 2020. When COVID-19 pandemic occur, there was an increase demand for health product. That can be showed by how the company revenue increased on health service company, then how the investor respond to that?. This study aims to observe the investor reactions, on increasing COVID-19 cases to returns, abnormal returns and trading volume activity of Health Service Providers based company, with a period of 10 days before and after the announcement of the event. This study uses an Event Study approach. The result of this study is that there are significant differences in the before and after period on return and abnormal return, and not significant on trading volume activity variables. There are three implications obtained from this study, the first is that this research confirms that information affects stock prices. The second implication is that the significant increase in returns and abnormal returns does not mean that trading volume activity has also increased significantly. The final implication of this research is that the alleged inclination of investors irrationality.
ANALISIS PENGARUH INKLUSI KEUANGAN TERHADAP KEMISKINAN DI INDONESIA
Prakarsa, Daffa Yudha;
Bintoro, Nugroho Suryo
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 1 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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DOI: 10.21776/csefb.2023.02.1.03
Poverty still a major problem in developing countries, including Indonesia. Various efforts have been made to alleviate poverty, one of which is through financial inclusion. This research attempts to identify and analyze the effect of financial inclusion on poverty in Indonesia. This research uses panel data from 34 provinces in Indonesia during 2018-2021. The regression model used is panel data regression. Testing the hypothesis with t test and F test. The results showed that the financial inclusion dimension of accessibility has a negative and significant effect, the financial inclusion dimension of availability has a negative and insignificant effect, and GRDP per capita has a negative effect although not significant on poverty in 34 provinces in Indonesia. Meanwhile, the financial inclusion dimension of use has a positive and significant effect on poverty in 34 provinces in Indonesia. This indicates that the use of financial services can actually increase poverty in 34 provinces in Indonesia. Financial inclusion dimensions of the use of financial services are still minimal for the poor. So that increasing the use of financial services must pay attention to the poor. The government also needs to pay attention to increasing financial inclusion which is more evenly distributed between provinces.