My Research

• Brahmana, R. K., & Kontesa, M. (2025). Does self-congruity matter for virtual influencer’s non-fungible token (NFT) purchase intentions? The role of financial literacy. Information Technology & People. Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/ITP-05-2023-0445
• Brahmana, R. K., Kontesa, M., & Setiawan, D. (2025). Does digital transformation matter for international diversification? The role of product market competition. Critical Perspectives on International Business, 21(3), 391-416. https://doi.org/10.1108/cpoib-07-2024-0073
• Brahmana, R. K. (2025). What makes companies zombie? Detecting the most important zombification feature using tree-based machine learning. Expert Systems with Applications, 270, 126538. https://doi.org/10.1016/j.eswa.2025.126538
• Brahmana, R. K., & Setiawan, D. (2025). Does the corporate governance index matter for company zombification?. Asian Review of Accounting, 33(4), 650-677. https://doi.org/10.1108/ARA-03-2025-0083
• Brahmana, R. K., & Aslam, A. (2025). The impact of climate policy uncertainty on the dynamic connectedness among leading fish-exporting nations. Marine Policy, 179, 106760. https://doi.org/10.1016/j.marpol.2025.106760
• Aslam, A., & Brahmana, R. K. (2025). Systemic spillovers in high-growth private market sectors: determinants and portfolio implications. The North American Journal of Economics and Finance, 102579. https://doi.org/10.1016/j.najef.2025.102579
• Brahmana, R. K., & Kontesa, M. (2021). Does clean technology weaken the environmental impact on the financial performance? Insight from global oil and gas companies. Business Strategy and the Environment, 30(7), 3411-3423. https://doi.org/10.1002/bse.2810
• Brahmana, R. K., & Kontesa, M. (2023). Sea surface temperature anomalies and cash holdings: Evidence from fisheries companies. Marine Policy, 148, 105452. https://doi.org/10.1016/j.marpol.2022.105452
• Brahmana, R. K., You, H. W., & Lau, E. (2022). Does reputation matter for firm risk in developing country?. International Journal of Finance & Economics, 27(2), 2110-2123. https://doi.org/10.1002/ijfe.2262
• Brahmana, R. K., & You, H. W. (2022). Do Muslim CEOs and Muslim stakeholders prefer Islamic debt financing?. Global Finance Journal, 54, 100625. https://doi.org/10.1016/j.gfj.2021.100625

All the publications can be found at ResearchGate:

• https://www.researchgate.net/profile/Rayenda-Brahmana?ev=hdr_xprfn

• Ministry of Higher Education Fundamental Research Grant Scheme – 2014-2017
  • Project title: “Building the value of Survival Strategy on Public Listed Companies in Malaysia” (RM 98,550)
• Society for Advancement of Management Studies Professional Development Grant – 2018
  • Project title: “Borneo Business Research Week Professional Development” (MYR 42,000)
• CRAUN Sago Research Grant – 2020-2022
  • Project title: “Social Impact Study of Waste Management for Sago Smallholder Farmers” (Rm 80,000)
• UNIMAS Fintech Grant – 2019-2021
  • Project title: “Formulating Selection Criteria Framework in Venture Financing and Performance of Startup” (MYR15,000)
• UNIMAS MYRA Special Grant – 2018 2020
  • Project title: “Developing Sharia-Compliant Business Model of Fintech Companies” (MYR 7,000)
• UNIMAS Small Grant Scheme – 2014-2017
  • Project title: “Hierarchical Structure on the relationship between Financial Literacy, and Financial Planning”. (MYR 12,500)

• Banyak kebijakan batal karena viral: Merusak iklim investasi nasional (The Conversation Indonesia)
• Politikus dan pebisnis: perusahaan pun bertanggung jawab atas terbentuknya dinasti politik(The Conversation Indonesia)
• Berutang agar bisa kuliah: benarkah pinjol solusinya? (The Conversation Indonesia)
• Pemimpin narsis tidak selalu buruk–riset buktikan mereka bagus mencari pendanaan ‘startup’(The Conversation Indonesia)
• Kenapa penjudi slot percaya bisa menang meski pasti kalah? Ini bagaimana operator memanipulasi bias psikologi pemain. (The Conversation Indonesia)
• Investasi dana nasabah sebabkan bank-bank global ambruk. Apa dampaknya ke Indonesia? (The Conversation Indonesia)
• Memilih investasi yang tepat di tengah ketidakpastian ekonomi. (The Conversation Indonesia)
• Ketamakan hingga terjerat influencers, penipuan investasi Indonesia capai Rp 110 triliun. Bagaimana cara cegah investasi bodong? (The Conversation Indonesia)
• What you do not know about research publication: A note for education minister (The Jakarta Post)
• The stock market werewolves: Full moon transforms investment (The Jakarta Post)
• Market forecast: Buy cloudy, sell sunny (The Jakarta Post)
• Interviewed by Media: The Conversation, MoneyTalkJakarta Post, Sarawak Tribune, MalayMail, TRTWorld, RT.
• Interviewed in Podcast:
• The conversation Indonesia – Suar Akademia – Buy Now Pay Later: Why is important to regulate the responsible lending – https://open.spotify.com/episode/06qqyJUwCcqv7kDrzLqgV5?si=L4Z9AzfuSCWXmnjjuMZkmA
• The conversation Indonesia – Suar Akademia – Student Loans: Is it the solution for the increasing tuition fees ? – https://open.spotify.com/episode/2ISA1GNYMokldqPeLoH6RJ?si=44Yx_8JVSxy0owOV2VOIBw