Welcome! My name is Budi Wahyono.
I serve as an Assistant Professor of Finance at the Department of Economics Education, Universitas Sebelas Maret, Indonesia.
I earned my Ph.D. in Finance from the Graduate School of East Asian Studies, Yamaguchi University, Japan. Prior to that, I completed my Bachelor's and Master's degrees in Economics Education at the Department of Economics Education, Universitas Sebelas Maret, Indonesia.
My research interests lie in the fields of Islamic finance, corporate finance, and financial markets.
For further details, feel free to download my CV [Here]
Recent publications:
- “Coup d'état in Africa and stock market returns: The case of French companies” with Whelsy Boungou and Praveen Gupta. Economics Letters, 2024, 237. https://doi.org/10.1016/j.econlet.2024.111654
- “Do political connections affect the environmental performance of Sharia-compliant and non-Sharia-compliant firms? Evidence from Indonesia's PROPER program” Economics Bulletin, 2023, 43(4), 1771–1779.
- “Unleashing the wordsmith: Analysing the stock market reactions to the launch of ChatGPT in the US Education sector” with Subroto Rapih and Whelsy Boungou. Finance Research Letters, 2023, 58. https://doi.org/10.1016/j.frl.2023.104576
- “The relative impact of traditional and digital financial inclusion on economic growth: a threshold regression-based comparative analysis” with Subroto Rapih. International Review of Applied Economics, 2023, 37(6). https://doi.org/10.1080/02692171.2023.2281460
- “Financial openness and fintech credit” with Subroto Rapih, Susantiningrum, Jorge Tavares Borges, and Somesanook Phongsounthone. Finance Research Letters, 2023, 56. https://doi.org/10.1016/j.frl.2023.104134
- “Do political connections affect the market reaction to firms’ inclusion in or exclusion from the Sharia index?” Eurasian Business Review, 2023, 13, 835–854. https://doi.org/10.1007/s40821-023-00249-0
- “The value of political connections and Sharia compliance during the COVID-19 pandemic” Eurasian Economic Review, 2022, 12(1), 1–28. https://doi.org/10.1007/s40822-021-00197-y
- “Dataset on political connections, Sharia, and abnormal returns surrounding M&A announcement in the Indonesian stock market” Data in Brief, 2021, 38. https://doi.org/10.1016/j.dib.2021.107378
- “Political connections, Sharia and M&A performance: Evidence from Indonesia” Journal of East Asian Studies, 2021, 19, 105–120