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, financial technology, financial literacy, and financial markets.
For further details, feel free to download my CV [Here]
Recent publications:
- “Financial literacy and savings: Cross-country evidence” with Richa Angelia Selbi. Economics Bulletin, 2025, 45(4).
- “Circular economy in education: Determinants of school recycling intentions and behaviors for inorganic waste” with Dewi Kusuma Wardani, Fransisca Rachmawati Indira, Diya Rofika Rahmawati, and Rizka Andriyati. Cleaner Waste Systems, 2025, 12. https://doi.org/10.1016/j.clwas.2025.100420
- “Digital innovation in education: a study of e-procurement technology acceptance models” with Harnowo Susanto, Trisno Martono, Dewi Kusuma Wardani, and Khresna Bayu Sangka. Information Technology for Development, 2025, 31(4). https://doi.org/10.1080/02681102.2025.2523878
- “Nobody (even stock markets) likes war: Evidence from the Israel-Hamas war” with Whelsy Boungou, Subroto Rapih, and Khresna Bayu Sangka. Economics Bulletin, 2025, 45(1), 188-195.
- “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
- “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