This study evaluates volatility forecasts and systemic-risk indicators for four Indonesian state-owned banks (BBRI, BBTN, BMRI, and BBNI) from January 2010 to December 2025. Random Forest (RF) and Gradient Boosting (GB) models use information available at each forecast origin and are tuned by expanding-window validatio...
Nono Heryana, N. Nugraha, Maya Sari et al.· Statistics, Optimization &am...· 0 citations
This study aims to analyze the Indonesian capital market's response to the launch of Indonesian Wealth Fund (Danantara) as a strategic initiative of the government's fiscal digitalization on February 24, 2025, focusing on the shares of major state-owned banks, namely BBRI, BMRI, BBNI, and BBTN. This study examines five...
C. Wijayangka, N. Nugraha, Maya Sari et al.· Dinasti International Journa...· 0 citations
Background: ASEAN capital markets exhibit persistent return volatility that is inconsistent with macroeconomic fundamentals, suggesting the influence of behavioral and structural factors beyond the Efficient Market Hypothesis (EMH).
Objective: This study examines the direct effect of investor sentiment on stock returns...
Hadi Ahmad Sukardi, N. Nugraha, Toni Heryana et al.· Inkubis Jurnal Ekonomi dan B...· 0 citations
Background: Digital investment services have expanded retail participation in Indonesia's capital market, but easier market access does not necessarily produce more rational investor behavior. Psychological tendencies continue to shape individual choices, and prior evidence remains inconsistent regarding whether financ...
Duduh Sujana, N. Nugraha, Dismam Dismam et al.· Inkubis Jurnal Ekonomi dan B...· 0 citations
Financial sustainability is a decisive condition for small and medium-sized enterprises (SMEs) because it determines whether firms can maintain liquidity, generate stable profitability, absorb shocks, and finance growth. Drawing on Dynamic Capability Theory and the Resource-Based View, this study examines how manageria...
Duduh Sujana, N. Nugraha, D. Disman et al.· Jurnal Ilmiah Manajemen Kesa...· 0 citations
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