
Rangga Handika
Professor of Finance
Ph.D. – Macquarie University
Education
2015 Ph.D Applied Finance and Actuarial Studies, Macquarie University
2014 Dr.rer.pol. Economics, Georg-August-Universität Göttingen
2009 MCom Accounting and Finance, Macquarie University
2005 SE Economics: Accounting, Universitas Indonesia
Teaching & Research Interests
Corporate Finance, Investments, Financial Accounting, Managerial Accounting, Principles of Economics, Quantitative Finance, Risk Management, Financial Economics and Financial Econometrics
Academic Appointments
2025 – now Professor, Tokyo International University
2020 – 2025 Associate Professor, Tokyo International University
2017 – 2020 Assistant Professor, Tokyo International University
2015 – 2017 Assistant Professor, Abu Dhabi University
2014 – 2015 Lecturer, Universitas Indonesia
Fellowships & Grants
Tokyo International University Special Grants-in-aid for Research Work for AY2025 (2025)
Tokyo International University Special Grants-in-aid for Research Work for AY2024 (2024)
Abu Dhabi University Faculty Research Grant (2017)
SKK Migas – STEI ITB Applied Research Awards (2014-2015)
Tanoto Foundation – LPEM FEUI Research Grantee (2014)
Macquarie University Post Graduate Research Fund (2013)
Selected Publications/Conference Papers
“Crypto goes East: analyzing Bitcoin, technological and regulatory contagions in Asia–Pacific financial markets using asset pricing” (with G. Soepriyanto and S. A. H. Havidz), International Journal of Emerging Markets, Vol. 20, No. 7 (2025): 2794–2815, doi: https://doi.org/10.1108/IJOEM-07-2022-1127.
“Investments transformation and stock price behavior: empirical evidence from the Japanese firms” (with J. Zhou), Managerial Finance, (2025), doi: https://doi.org/10.1108/MF-06-2024-0436.
“Cryptocurrency Contagion: How Does It Differ From the Commodity Contagion?”, KINERJA, Vol. 29, No. 1 (2025): 57-71 doi: https://doi.org/10.24002/kinerja.v29i1.10043.
“How do firms’ characteristics affect risks? ASEAN firms panel data analysis” (with I.R. Bawono and E. S. Rahmajati), Cogent Business & Management, Vol. 12, No. 1 (2025): 1-24 doi: https://doi.org/10.1080/23311975.2024.2436646.
“Accounting Policy Changes and Firm Debts: Evidence from Japan” (with F. Siagian), Accounting, Finance & Governance Review, Vol. 32 (2024): 1-27, doi: https://doi.org/10.52399/001c.124602.
“Cryptocurrencies: hedging or financialization? behavioral time series analyses” (with D.A. Chalid), Cogent Business & Management, Vol. 11, No. 1 (2024): 1-20 doi: https://doi.org/10.1080/23311975.2024.2394581.
“How do accounting records affect corporate financial performance? Empirical evidence from the Indonesian public listed companies” (with I.R. Bawono), Heliyon, Vol. 9, No. 4 (2023): 1-17 doi: https://doi.org/10.1016/j.heliyon.2023.e14950.
“Commodity hedging benefits: analyses among different financial assets” (with D.A. Chalid), Journal of Economic Studies, Vol. 50, No.2 (2023): 109-128.
“Comovement and contagion in commodity markets” (with D.A. Chalid), Cogent Economics & Finance, Vol. 10 (2022): 1-27 doi: https://doi.org/10.1080/23322039.2022.2064079.
“Contagions in interconnected power markets”, Journal of Risk Finance, Vol. 22, No. 3 / 4 (2021): 296-311.
“Are Cryptocurrencies Contagious to Asian Financial Markets?” (with G. Soepriyanto and S.A.H. Havidz), Research in International Business and Finance, No. 50 (2019): 416-429.
“The Predictive Power of Log-likelihood of GARCH Volatility” (with D.A. Chalid), Review of Accounting and Finance, Vol. 17, No. 4 (2018): 482-497.
“Price Change, Volatility And Accurate VaR: An Evidence From NSW And QLD Power Markets” (with Y. Khudri), The Journal of Alternative Investments, Vol. 20, No. 4 (2018): 82-95.
“Commodities Returns’ Volatility in Financialization Era” (with I.S. Putra), Studies in Economics and Finance, Vol. 34, No. 3 (2017): 344-362.
Modelling Price Spikes In Electricity Markets: The Impact Of Load, Weather And Capacity (with C. Truong, S. Trück and R. Weron, edited by M. Prokopczuk, Energy Pricing Models: Recent Advances, Methods and Tools, Chapter 7, USA: Palgrave Macmillan 2014)