Profile
Anggoro Budi Nugroho, MBA
Email: anggoro@sbm-itb.ac.id
Website: http://www.sbm.itb.ac.id/anggoro
Anggoro is a full-time lecturer in Bandung Institute of Technology (ITB) School of Business and Management. He finished his bachelor study in Finance, Gadjah Mada University (2003) with final project of state-owned enterprise corporate restructuring impact to financial performance in PT. Telekomunikasi Indonesia, Tbk, and MBA in business risk and finance with cum laude from ITB (2009). In 2003, he also received International Course on International Economics & Business Management from Fachohschule Schmalkalden, Thuringen, Germany.
His master thesis concerned with risk management in financial industry. His career stretched from junior economist in Penelitian dan Pengembangen Ekonomi (PPE) Gadjah Mada University (2004), Procurement Analyst in ConocoPhillips Indonesia (2009), expert staff of Indonesia President Unit for Development Monitoring and Oversight/UKP4 (2011) and ITB lecturer (2011-today). Today he is part of the Department of Finance in the faculty.
He has interest in corporate finance, economics and financial institutions such as capital market and banking issues. His papers such as “Modigliani-Miller Revisited: Capital Structure Impact on Indonesia’s Cigarette Companies Value” (2013), “Cointegration Analysis of Indonesian Money Market Term Structure: Testing for Expectation Hypothesis“ (2013) and "Advantages of Investing on Sharia Financial Instruments Using Modern Portfolio Theory Approach" (2014), accepted various Best Paper awards from international conferences he presented in.
He published a number of books, which are "History of Economic Thoughts" (2018), "Growth and Stability: A Collection of Essays in Public Media" (2016), both of which are in Indonesian language, and "Financial Intermediation and Market Discipline in Indonesian Banking Sector" (2014).
Teaching
MB1101 - Introduction to BusinessMB2108 - International Trade and Finance
MB3101 - Economics
MB4042 - Capital Market
MB4056 - Bank Management and Financial Services
MB5000 - Fundamentals of Corporate Finance
MB5002 - Fundamentals of Financial Knowledge
MM5006 - Business Economics
MM5007 - Financial Management
MM6023 - Capital Market Analysis
| 2008 | Master in Business Administration Institut Teknologi Bandung , Indonesia |
| 2003 | Bachelor in Economics Universitas Gadjah Mada, Indonesia |
| 2016 - Present | Nationally Certified Professional Lecturer-Ministry of Research, Technology, and Higher Education Issued by Indonesia Ministry of Research and Higher Education |
| 2016 - 2026 | Certified Internal Quality Auditor of ISO 19011:2011 Issued by QS Cert |
| 2017 - Present | Supervisor Committee for Ethics and Disciplinary Conduct SBM ITB |
| 2016 - 2019 | Board of Director MBA Business Review Publication Institut Teknologi Bandung |
| 2016 - 2018 | Member Ikatan Sarjana Ekonomi Indonesia (ISEI) Bandung chapter |
| 2016 - 2017 | Supervisor Internal Audit SBM ITB |
| 2011 - 2012 | Program Director Rectorate Education Clinics ITB |
| 2018 | Model of Inclusif Economics Development Base on Creative Industries Sector as Eforts Local Economics Empowerment Internal level research award/sponsorship granted by SBM ITB |
| 2018 | Asset allocation strategy to create superior portfolio from equity mutual funds Sylviana Maya Damayanti,Isrochmani Murtaqi,Rudy Bekti,Anggoro Budi Nugroho. International Journal of Monetary Economics and Finance. Vol. 11, No. 3, 2018. |
| 2017 | Equity Premium in Indonesian Capital Market: Sectoral Systematic Risk Calista Elvina Jesslyn,Anggoro Budi Nugroho. Australian Academy of Accounting and Finance Review. undefined. |
| 2015 | Market Discipline: Empirical Survey on Indonesia Government-Owned Domestic Bank Anggoro Budi Nugroho. World Journal of Social Science. Vol. 5. No. 3.. |
| 2013 | Proving Modigliani and Miller Theories of Capital structure: The Research on Indonesia’s cigarette companies Galuh Adika Alifani,Anggoro Budi Nugroho. International Journal of Economic Sciences. Vol II No. 3. |
| 2011 | Term Structure Examination of Indonesian Money Market: Some Efficiency Issue Anggoro Budi Nugroho. The Asian Journal of Technology Management. Vol 4, No 2 (2011). |
| 2011 | Macroeconomic Stress-Test and Sensitivity Analysis of Financial Industry Credit Risk: An Example from The US Market Anggoro Budi Nugroho. Jurnal Manajemen Teknologi. Vol 10 No 1. |
| 2017 | The Impact of Loan-to-Value Ratio Implementation on Bank’s Performance in Indonesia Loudy Alfathan Tuba,Anggoro Budi Nugroho. 2nd International Research Conference on Management and Business |
| 2017 | UNUSUAL MARKET ACTIVITY (UMA) AND ITS IMPACT ON INDONESIA MARKET RETURN PERIOD 2017 Muhammad Rafif Anas,Anggoro Budi Nugroho. 2nd International Research Conference on Management and Business |
| 2015 | Indonesia's Gasoline Subsidy Cut, Road Availability and Their Impact on Micro and Small Industry Productivity: A Panel Data Observation of 2010-2013 Anggoro Budi Nugroho. The 7th Indonesia International Conference of Innovation, Entrepreneurship and Small Business 2015 |
| 2015 | The Effect of Lot Size Reduction to Abnormal Return Toward The Ten Sectors in Indonesian Stock Exchange Ricky Simanjutak,Anggoro Budi Nugroho. http://library.uph.edu/ |
| 2015 | Indonesia’s Gasoline Subsidy Cut, Road Availability and Their Impact on Micro and Small Industry Productivity: A Panel Data Observation of 2010-2013 Fadil Wirawan,Anggoro Budi Nugroho. The 7th Indonesia International Conference of Innovation, Entrepreneurship and Small Business 2015 |
| 2015 | Feasibility Study of Acquisition Plan of PT Bank Tabungan Negara (Persero) Tbk by PT Bank Mandiri (Persero) Tbk Tesalonika Devi,Anggoro Budi Nugroho. International Conference on Economics and Business Management 2015 |
| 2014 | Financial Intermediation by Banking Sector: A Study of Indonesia's Banks Anggoro Budi Nugroho. APBR International Conference, Singapore |
| 2014 | The Impact of Profitability Ratios, Market Ratios and Leverage Ratio toward Stock Return of LQ45 during 2004-2013 Anggoro Budi Nugroho. 7th Asia-Pacific Business Research Conference |
| 2014 | Mergers and Acquisition: Testing the Semistrong Form of Efficiency in Indonesian Equity Market Faizil Ikram,Anggoro Budi Nugroho. International Conference on Business Strategy and Social Sciences 2014 |
| 2014 | Investigating Relationship Between Google Trend Data with Equity Return and Volume of Five Commercial Banks in Indonesia: a Study of Behavioral Finance.3 Zahra Azhalia,Anggoro Budi Nugroho. 7th Asia-Pacific Business Research Conference |
| 2014 | Correlation between Bankruptcy Score and Market Performance: Developing Altman’s Z-Score Model Rifa Intania,Anggoro Budi Nugroho. 7th Asia-Pacific Business Research Conference |
| 2014 | Pecking Order Theory of Non-Financial Firms in Indonesia Included at LQ-45 Index. 3 Aditya Dharma Andriano,Anggoro Budi Nugroho. 7th Asia-Pacific Business Research Conference |
| 2014 | Optimal Dividend Policy Analysis in Large Scale Indonesia Company Hans Reinaldi,Anggoro Budi Nugroho. 7th Asia-Pacific Business Research Conference |
| 2014 | Advantages of Investing in Sharia Financial Instruments Using Modern Portfolio Theory Approach Muhammad Rizki Ramadhan,Anggoro Budi Nugroho. 7th Asia-Pacific Business Research Conference |
| 2013 | Determination of Feasibility and Value of Synergy in Indosiar-SCTV Post Merger and Acquisition Anggoro Budi Nugroho. Asia-Pacific Management and Business Application (APMBA) International Conference on Management and Business Science 2013 |
| 2013 | Modigliani-Miller Revisited: Capital Structure Impact on Indonesia’s Cigarette Companies Value Anggoro Budi Nugroho. International Institute for Social and Economic Sciences, 7th International Academic Conference |
| 2013 | IPO and Underpricing in Indonesian Equity Market: 2007-2012 Anggoro Budi Nugroho. Asia-Pacific Management and Business Application (APMBA) International Conference on Management and Business Science 2013 |
| 2013 | Comparative Study between Capital Asset Pricing Model and Arbitrage Pricing Theory in Indonesian Capital Market During 2008-2012 Anggoro Budi Nugroho. Asia-Pacific Management and Business Application (APMBA) International Conference on Management and Business Science 2013 |
| 2013 | Initial Public Offering and Underpricing in Indonesian Equity Market Period 2012 R. Yayu Nadya Fitria Dewi R.,Anggoro Budi Nugroho. 2013 Asia-Pacific Management and Business Application International Management and Business Application |
| 2013 | Cointegration Analysis of Indonesian Money Market Term Structure: Testing for Expectation Hypothesis3 Anggoro Budi Nugroho. Society of Interdisciplinary Business Research 2013 International Conference |
| 2012 | Abnormal Returns and Stock Efficiency Testing in Comparative Southeast Asian Equity Markets: Before and After European Crisis 2007 – 2011 Aghnia Amalia Septiany,Anggoro Budi Nugroho. World Business Research Conference 2012 |
| 2012 | Strategic Valuation and Benchmarking Analysis of PT. Nusantara Turbin dan Propulsi Farid Aziz Saleh,Anggoro Budi Nugroho. 2012 3rd International Conference on E-business, Management and Economics |
| 2012 | The Effect of Macroeconomic Variables on Stock Return: Evidance from Jakarta Composite Index, Agriculture, and Basic Industry Sector Dhira Dwijayanti Yogaswari,Anggoro Budi Nugroho,Novika Candra Astuti. International Congress on Interdisciplinary Business and Social Science 2012 |
| 2012 | The UKP4 Case: Breakthrough Behind Indonesian Government Anggoro Budi Nugroho. Kellogg Business School Northwestern University, James L. Allen Center, Evanston, Illinois, US3 |
| 2012 | Effect of Macroeconomic Variables on Stock Performance: Evidence From Indonesian LQ-4, Basic and Manufacturing Sector Anggoro Budi Nugroho. 2012 2nd International Conference on Business and Economics Research |
| 2011 | Law and the Economy: Empirical Evidence on the Implication of Legal Framework in Capital Regulation and New Business Enterprises Establishment in Indonesia Anggoro Budi Nugroho. The 3rd Indonesia International Conference on Innovation, Entrepreneurship, and Small Business 2011 |
| 2018 | Depresiasi Rupiah 1 Anggoro Budi Nugroho. Article in Popular Media |
| 2018 | Kemandirian Bandung Anggoro Budi Nugroho. Article in Popular Media |
| 2018 | Serba-serbi Infrastruktur Anggoro Budi Nugroho. Article in Popular Media |
| 2018 | Pertumbuhan dan Stabilitas Anggoro Budi Nugroho. Published Professional Text, Manual, or Technical Guide |
| 2017 | "Menggaet Investasi Saudi" Anggoro Budi Nugroho. Article in Popular Media |
| 2017 | "Anomali Pembangunan Bandung" Anggoro Budi Nugroho. Article in Popular Media |
| 2017 | "Utilitarianisme" Anggoro Budi Nugroho. Article in Popular Media |
| 2017 | "Sulitnya Ekonomi Berbagi" Anggoro Budi Nugroho. Article in Popular Media |
| 2015 | Menjadi (Seperti) Yunani Anggoro Budi Nugroho. Article in Popular Media |
| 2015 | Peluang diambil Kelas Menengah Anggoro Budi Nugroho. Article in Popular Media |
| 2011 | Business in Political Economy: The Rise and Fall of Capitalism in Indonesia and Its Impact on 1998 Economic Crisis2 Anggoro Budi Nugroho. Article in Popular Media |
| 2018 | Tim Ahli Raperda Kewirausahaan DPRD Jabar DPRD Jabar |
| 2018 | Tim Seleksi Calon Komisioner Kabupaten/Kota Wil Jabar 1 KPU RI Komisi Pemilihan Umum Republik Indonesia |
| 2017 | Management Leadership Development Program - PT ISS Indonesia Training for Corporations provided by CCE SBM ITB |
| 2017 | Accelerated Development Program - Minamas Plantation Training for Corporations provided by CCE SBM ITB |
| 2016 | Management Leadership Development Program - PT ISS Indonesia Training for Corporations provided by CCE SBM ITB |
| 2016 | Young Leader Program - PT Dharma Guna Wibawa Training for Corporations provided by CCE SBM ITB |
| 2016 | Pelatihan Persiapan Ujian CFA - Telkom Profesional Certification Center Training for Corporations provided by CCE SBM ITB |
| 2016 | Managerial Excellence for Governmental Organization Training for Goverment Institutions provided by Ministerio da Defesa, Republic of Timor Leste - PT. LAPI ITB |
| 2016 | Cash Management for Property Industry Training for Public provided by PT Bank Tabungan Negara, Tbk. |
| 2013 | Charterd Financial Analysis - Angkatan 2 - PT. Telekomunikasi Indonesia (Persero), Tbk. Training for Corporations provided by CCE SBM ITB |
| 2013 | Charterd Financial Analysis - Angkatan 1 - PT. Telekomunikasi Indonesia (Persero), Tbk. Training for Corporations provided by CCE SBM ITB |
| 2013 | Estimating Corporate Value Training for Goverment Institutions provided by PT. Sidola Tech, Indonesia |
| 2013 | Application of Economics and Finance in Business & Government Entity Training for Goverment Institutions provided by PT. Sidola Tech, Indonesia |
| 2011 | Financial Statement Analysis Training for Public provided by Global Strategic Consultant |
| 2019 | 1 article(s) in Jurnal Manajemen Teknologi |
| 2017 | 1 article(s) in Jurnal Manajemen Teknologi |
| 2016 | 2 article(s) in Jurnal Manajemen Teknologi |
| 2015 | 2 article(s) in Jurnal Manajemen Teknologi |
| 2014 | 2 article(s) in The Asian Journal of Technology Management |
| 2014 | 1 article(s) in Jurnal Manajemen Teknologi |
| 2013 | 3 article(s) in Jurnal Manajemen Teknologi |
| 2012 - 2014 | The Asian Journal of Technology Management. Editorial Duties with Journal (Managing Editor) |
| 2016 | Indonesia and AEC: Some Opportunity & Challenges American Institute of Chemical Engineers (AIChE) |
| 2015 | Engineering Professionals Toward ASEAN Joint Economies ITB School of Environmental Engineering |