Budi Wahyono

• Doctor of Philosophy
• Assistant Professor of Finance at Sebelas Maret University

The Indonesian Ministry of Education and Culture launched a new e-procurement system for schools, known as SIPLah, in June 2019. This paper introduces a dataset comprising responses from middle school principals to a questionnaire focusing on the quality dimensions of the newly implemented e-procurement system and their acceptance of this technolog...

This article studies the impact of recent coups d'état in French-speaking Africa on the stock market performance of French companies. Using the stock prices of 197 French companies over the period September 2020 to September 2023, our results highlight a negative impact of coups d'état on the stock market performance of French companies. We also hi...

This study offers novel evidence by investigating the impact of political connections on the environmental performance of both Sharia-compliant and non-Sharia-compliant firms. We use a unique sample of firms covered by Indonesia's PROPER program over the 2013–2019 period. We find that political ties are less (more) valuable for Sharia-compliant fir...

Pada tahun ajaran 2022/2023 pemerintah memberikan opsi terkait dengan implementasi kurikulum merdeka. Pada tahun ajaran 2022/2023 lebih dari 140 ribu sekolah memilih opsi mandiri berubah, artinya sekolah menerapkan kurikulum merdeka dengan menggunakan perangkat yang disediakan oleh pemerintah. Sekolah yang memilih opsi mandiri berubah, secara mandi...

Previous studies have clearly documented the shareholder advantages and disadvantages of political connections. However, evidence of the role of political connections in ethical investment is scarce. This study investigates the relationship between political connections and the reconstructions of the Sharia index in Indonesia. Using the event study...

To achieve the principle of good university governance, the use of state finances must be managed orderly, regulatory, efficiently, economically, effectively, transparently, responsibly and having fair sense and properly from the planning, implementation and its accountability process. In reality, not all universities are able to achieve the good u...

The relationship between the COVID-19 pandemic and the stock market has been well documented in other studies. However, thus far, researchers have shown little interest in the role of political connections and Sharia compliance during the pandemic. This study offers novel evidence by investigating the value of both political connections and Sharia...

This article presents a dataset on political connections, Sharia, and abnormal returns surrounding the M&A announcement of listed firms on Indonesia Stock Exchange (IDX) during the period 2010–2016. The dataset provides both short-run and long-run abnormal returns. Using an event study methodology, I calculate cumulative abnormal returns (CAR) as s...

Political connections play a significant role in creating value for firms. However, political connections are often translated as easier access to government and interpreted similar to bribery and corruption. In contrast, Islamic law prohibits bribery and corruption. Contributing to the literature about the interaction between political connections...

The purpose of implementing this research is to determine the implementation of online-based new student admissions in the city of Surakarta, and the effectiveness of the implementation of online-based new student admissions in Surakarta. In the implementation this research using descriptive research with a qualitative approach. Technique for searc...

The purpose of this study is to describe the management of the internationalization process of higher education in the form of self-governance, strategic plans (vision, mission, and objectives), institutional management, curriculum and learning processes, and quality assurance. The research applied a qualitative approach. The scope of the research...

The ADEM repatriation program is one of the government's commitments to address the education problems of children of Indonesian migrant workers (TKI) abroad who have difficulty obtaining access to education services. This study aims to determine the effectiveness of the implementation of the Repatriation ADEM program in the provinces of Central Ja...

SME funding needs have not been fully met. IPO is one of the efforts that can be done by SMEs to meet these funding needs. However, it is not yet known whether the financial performance of SMEs will increase after conducting an IPO. This study aims to analyze the financial performance of SMEs before and after the IPO. The sample of this study is SM...

This paper examines the effect of entrepreneurial orientation on the performance of companies, with market orientation that consists of competitor orientation and customer orientation as the mediating variable. This research uses 100 samples of MSMEs in Sukoharjo Regency, Central Java Indonesia. The hypothesis testing is carried out using Structura...