The Faculty of Economics and Business (FEB), Universitas Sebelas Maret (UNS), in collaboration with the UNS Fintech Center, organized the Working Paper Rising Star Student in Finance on Friday, 26 July 2024, at Meeting Room 1, Soeharno TS Building, FEB UNS. The event featured three presenters: M. Yusuf Indra Purnama, newly graduated PhD student of National Central University, Taiwan, and a lecturer at FEB UNS; Bambang Sutrisno, a doctoral student of the Doctoral Program in Economics (PDIE) UNS; and Inas Nurfaida Futri, a master’s student in Management at FEB UNS. The session was discussed by Prof. Ahmet Faruk Aysan from Hamad Bin Khalifa University, Qatar.

Representing the FEB UNS leadership, Putra Pamungkas, S.E., M.Rech., Ph.D., Head of the Undergraduate Study Program in Digital Business, expressed his appreciation to Prof. Aysan and the three presenters. He conveyed his gratitude to Prof. Ahmet Faruk Aysan for his willingness to attend and share insights with the presenters, as well as to the presenters for contributing their working papers in the field of finance.

He further noted that the agenda provided a valuable opportunity for academic exchange, enabling participants to learn together and discuss approaches to developing existing research topics. Putra also extended his appreciation to all participants, emphasizing that the event was designed to benefit attendees through two sessions: the first featuring presentations by the three speakers, and the second providing an opportunity for participants to consult and discuss their research topics and challenges directly with Prof. Aysan.

The first presenter, M. Yusuf Indra Purnama, presented a paper entitled “Robot Deployment and Corporate Risk-Taking,” which examined the economic impact of robot adoption in the industrial sector. His study found that the implementation of robots in industrial firms is associated with a lower level of corporate risk-taking.

The second presenter, Bambang Sutrisno, delivered a paper entitled “Dividend Policy, Stock Price Crash Risk, and Islamic Label,” analyzing the effects of the presence of politically connected members of the Board of Commissioners within firms. The study identified differences between transactional and relational political connections, showing that commissioners with transactional political ties are associated with a higher risk of firm collapse.

The final presenter, Inas Nurfaida Futri, presented her study entitled “The Success of Social Projects in Online Crowdfunding in Indonesia.” Her research indicated that fundraising activities for social causes demonstrate a higher success rate compared to fundraising initiatives for other purposes.