My Research

1. Aslam, A., & Brahmana, R. K. (2026). The dynamic relationship among private and public markets and its most important features. Research in International Business and Finance, 103490. https://doi.org/10.1016/j.ribaf.2026.103490 ; ABDC rank: A; ABS rank: 3, Impact Factor (IF) 2025: 7.6
2. Brahmana, R. K., Yeap, X. W., & Lean, H. H. (2026). Where Informal Institutions Lead, Innovation Follows: Role of Local Creative Culture on Bank Financial Innovation. Kyklos; https://doi.org/10.1111/kykl.70065; ABDC rank B; ABS rank: 2, IF 2025: 1.7
3. 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; ABDC rank A; ABS rank: 3, IF 2025: 5.6
4. 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, ABDC rank B; ABS rank: 2, IF 2025: 2.4
5. 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, IF 2025: 9.4
6. 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, ABDC rank: B; ABS rank: 2, IF 2025: 1.9
7. 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; ABDC rank A; ABS rank: 2, IF 2025: 4.3
8. 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; ABDC rank: A; ABS rank: 3, IF 2025: 3.8
9. Aslam, A., Brahmana, R. K., & Yeap, X. W. (2025). The feature importance of quantile connectedness among islamic sectoral indices and meme assets. Asia-Pacific Financial Markets, 1-46. https://link.springer.com/article/10.1007/s10690-025-09558-y ; ABDC rank: C; ABS rank: 2, IF 2025: 2.3
10. Brahmana, R. K., Yeap, X. W., & Lean, H. H. (2025). Time–Frequency Connectedness Among NFT Assets. Computational Economics, 1-27. https://link.springer.com/article/10.1007/s10614-025-10878-4 ;ABDC rank: B; ABS rank: 1, IF 2025: 2.1
11. Aslam, A., & Brahmana, R. K. (2025). Connectedness and investment strategies of volatile assets: DCC-GARCH R2 analysis of cryptocurrencies and emerging market sectors. Borsa Istanbul Review, 25(4), 649-660. https://doi.org/10.1016/j.bir.2025.03.004 ;ABDC rank: B; IF 2025: 3.3
12. Brahmana, R. K., & Yau, J. T. H. (2025). Popular movie effects on advanced finance course performance: flipped classroom vs in-class view. Higher Education, Skills and Work-based Learning, 15(3), 529-547. https://doi.org/10.1108/HESWBL-04-2024-0115 ; ABDC rank: C; ABS rank: 1, IF 2025: 2.3
13. You, H. W., & Brahmana, R. K. (2024). The role of digital orientation in moderating the relationship between innovation and internationalization. International journal of emerging markets, 19(12), 4409-4430. https://doi.org/10.1108/IJOEM-03-2022-0464; ABDC rank: B; ABS rank: 1, IF 2025: 3.4
14. Brahmana, R. K., Kontesa, M., & Yau, J. T. H. (2024). Does information seeking moderate the relationship between financial loan inclusion and Fintech P2P lending?. Journal of Financial Services Marketing, 29(1), 171-185. https://link.springer.com/article/10.1057/s41264-022-00192-7 ; ABDC rank: B; ABS rank: 1, IF 2025: 5.2
15. 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; ABDC rank: A; ABS rank: 2, IF 2025: 4.3
16. Brahmana, R. K., & Kontesa, M. (2023). ‘No better fund without me!’Do narcissistic start-up entrepreneurs succeed in venture funding?. The Journal of Entrepreneurship, 32(3), 638-666. https://journals.sagepub.com/doi/abs/10.1177/09713557231210697 ;ABDC rank: C; ABS rank: 1, IF 2025: 2.5
17. 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; ABDC rank: A; ABS rank: 3, IF 2025: 3.7
18. 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; ABDC rank: A; ABS rank: 3, IF 2025: 5.2
19. 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; ABDC rank: A; ABS rank: 3, IF 2025: 13.2
20. Gyan, A. K., Brahmana, R., & Bakri, A. K. (2017). Diversification strategy, efficiency, and firm performance: Insight from emerging market. Research in International Business and Finance, 42, 1103-1114. https://doi.org/10.1016/j.ribaf.2017.07.045 ABDC rank: A; ABS rank: 3, Impact Factor (IF) 2025: 7.6

Full publications can be found at:

• 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)
• 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)

• Unfiltered BigAlpha.ID – AS Tekan Indonesia, PR Menkeu Purbaya Jadi Makin Banyak? – https://www.youtube.com/watch?v=WHkz10P0S8E&t=642s
• 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

• The Conversation
• MoneyTalk
• Sarawak Tribune
• MalayMail
• TRTWorld
• RT

Note that Rayenda is available for media interviews.