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Novi Swandari Budiarso
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The Contrarian: Finance, Accounting, and Business Research
Published by Yayasan Widyantara Nawasena Raharja
ISSN : 29639743     EISSN : 2986190X     DOI : https://doi.org/10.58784/cfabr
Core Subject : Economy, Science, Social,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences
The Contrarian: Finance, Accounting, and Business Research (CFABR) is a double peer-reviewed journal published by the Yayasan Widyantara Nawasena Raharja. The Contrarian: Finance, Accounting, and Business Research (CFABR) will publish the articles bi-annually. The article submitted to The Contrarian: Finance, Accounting, and Business Research (CFABR) is written in English and it is not under consideration or published by other publishers.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 5 Documents
 1 
Search results for , issue "Vol. 2 No. 1 (2023)" : 5 Documents clear
The effect of NIKKEI and crude oil on market indices during COVID-19 in Indonesia Dila Anike Pagora; Inka Sefrani Supu; Prisilia Yulia Memah; Rosiyani Manangkabo
The Contrarian : Finance, Accounting, and Business Research Vol. 2 No. 1 (2023)
Publisher : Yayasan Widyantara Nawasena Raharja

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (192.905 KB) | DOI: 10.58784/cfabr.18

Abstract

Several world economic indicators that are interrelated and affected by the COVID-19 pandemic are IHSG, NIKKEI, and the world oil price. The sample of this study is taken from 9 June 2020 to 7 June 2021 in objective to analyze the impact of oil price and NIKKEI on IHSG. This study finds that increasing in oil prices and the NIKKEI have significant positive impact on the IHSG on the Indonesia Stock Exchange. This study indicates that the COVID-19 pandemic does not always result for negative impact on world economy. Moreover, the movement of the market index tends to be responded positively by investors which indicate optimism about economic growth in Indonesia.
The effect of gold price and NIKKEI on market return in Indonesia Dea Dengah; Isabela Doda; Aslan Aslan
The Contrarian : Finance, Accounting, and Business Research Vol. 2 No. 1 (2023)
Publisher : Yayasan Widyantara Nawasena Raharja

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1.44 KB) | DOI: 10.58784/cfabr.19

Abstract

The great economic growth in 2021 has a positive impact on the capital market in Indonesia. The Japanese capital market and world gold prices are important indicators of the world economy. The purpose of this study is to examine the impact of movements in returns from gold and NIKKEI on market returns in Indonesia. The sample is taken during observation period from January 2021 to December 2021. This study finds that GOLD has insignificant effect on IHSG but NIKKEI has a significant positive effect. The findings indicate that investor neutral and positively to market conditions.
The return response on gold and crude oil during global geopolitical issues Azarya Putra Ari; Jordy Siwu; Merlyn Sari Sambur; Sisilia Kristiana Kawulur
The Contrarian : Finance, Accounting, and Business Research Vol. 2 No. 1 (2023)
Publisher : Yayasan Widyantara Nawasena Raharja

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (197.405 KB) | DOI: 10.58784/cfabr.20

Abstract

The geopolitical issues together with the COVID-19 pandemic in earlier of 2022 triggered instability in the world economy. The objective of this study is to analyze the correlation and response of the returns of firms in the energy sector to changes in gold and crude oil prices. The observed data is drawn over the period June 2021 to June 2022 on the monthly basis for 68 listed firms in the energy sector, gold prices, and crude oil prices. This study finds that the changes in gold returns tend not to affect the changes in returns of firms in the energy sector. Reversely, the changes in returns of crude oil significantly affect the changes in returns of firms in the energy sector.
The CPO's returns and multi-events in Indonesia Perlita Sari Rette; Leony Tipaka; Vania Sinambela; Stien Manggopa
The Contrarian : Finance, Accounting, and Business Research Vol. 2 No. 1 (2023)
Publisher : Yayasan Widyantara Nawasena Raharja

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58784/cfabr.21

Abstract

During the period from January 2022 to June 2022, several events in Indonesia tend to have an impact on the palm oil business. This study aims to examine the relationship between CPO's return and market return with 24 firms as the sample. The findings show that the relationship between the returns of CPO's stocks and market returns is weak and unidirectional. It is also found that the systematic risk and return of CPO's stocks tend to be similar between event periods The findings also imply that the events do not result in a significant difference in returns and systematic risk.
The contrarians: Are they really the winner? Novi Budiarso; Winston Pontoh
The Contrarian : Finance, Accounting, and Business Research Vol. 2 No. 1 (2023)
Publisher : Yayasan Widyantara Nawasena Raharja

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58784/cfabr.22

Abstract

Several new global issues information (including the COVID-19 pandemic) tends to have an impact on the capital market in Indonesia but big-cap stocks show good performance compared to small-cap stocks. Employing 766 listed firms as sample with 246 market days, this study examines whether the contrarians are really the winner. This study finds that the contrarians succeed to beat the market by violating the efficient market hypothesis. However, the success of the contrarian strategy does not seem to indicate that they are the real winners as they are only thin-winning.

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