Macroeconomic Risk and Growth in the Southeast Asian Countries
Insight from Indonesia
1st Edition
Published on 9. November 2023
208 pages
978-1-83797-042-1 (ISBN)
Description
Emerging markets offer a unique financial setting, contrasting with developed markets: for example, in the significant contribution of small family-owned businesses to the economy, and the considerable social and economic transformations that profoundly affect businesses.
In Indonesia, the authors find family firms are more likely to be involved in real earnings management than non-family firms by reducing operating cash flow to report higher income than non-family firms. Further findings demonstrate institutional ownership significantly reduces firm risk in emerging economies. The authors also consider the impact of the Covid-19 pandemic on systemic risk in the frame of a dual banking system where Islamic and conventional banks coexist.
ISETE-33A gives fresh insight into financial and economic issues in Indonesia and ASEAN countries, written by authors from diverse backgrounds. This is essential reading for anyone interested in the financial evolution of these fast-moving economies.
In Indonesia, the authors find family firms are more likely to be involved in real earnings management than non-family firms by reducing operating cash flow to report higher income than non-family firms. Further findings demonstrate institutional ownership significantly reduces firm risk in emerging economies. The authors also consider the impact of the Covid-19 pandemic on systemic risk in the frame of a dual banking system where Islamic and conventional banks coexist.
ISETE-33A gives fresh insight into financial and economic issues in Indonesia and ASEAN countries, written by authors from diverse backgrounds. This is essential reading for anyone interested in the financial evolution of these fast-moving economies.
More details
Series
Language
English
Place of publication
Bingley
United Kingdom
Target group
Professional and scholarly
File size
4,63 MB
ISBN-13
978-1-83797-042-1 (9781837970421)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
William A. Barnett is the Oswald Distinguished Professor of Macroeconomics at the University of Kansas, Director at the Center for Financial Stability in New York City, and Founder and First President of the Society for Economic Measurement.
Bruno S. Sergi is an instructor at Harvard University, where he is also a faculty affiliate at the Center for International Development and the Institute for Quantitative Social Science, and an Associate at the Davis Center for Russian and Eurasian Studies.
Bruno S. Sergi is an instructor at Harvard University, where he is also a faculty affiliate at the Center for International Development and the Institute for Quantitative Social Science, and an Associate at the Davis Center for Russian and Eurasian Studies.
Content
Chapter 1. Business Specific Risks and Stock Market Volatility as Indonesian Macroeconomic Risk Estimators; Ezra Valentino Purba and Zaaefri Ananto Husodo
Chapter 2. The Impact of Financial Literacy on Sustainability of Small Businesses: Government Policy Perspective; Kusdi Raharjo, Saparila Worokinasih, and Nur Imamah
Chapter 3. Real Earnings Management in Family Firms in Indonesia; Reny Damayanti Safitri, Tastaftiyan Risfandy, Inas Nurfadia Futri, and Rizky Yudaruddin
Chapter 4. How Bank Market Power and Diversification Affect Bank Stability? Evidence from Indonesia; Diyan Lestari, Andi Nurhikmah Daeng Cora, and Edwin Arojado Balila
Chapter 5. Chasing Daily Return of Socially Responsible Portfolio: Evidence from Indonesian Stock Exchange; Alyta Shabrina Zusryn, Muhammad Rofi, and Rizqi Umar Al Hashfi
Chapter 6. Systemic Risk: The Impact of Covid-19 on the Dual Banking System in Indonesia; Muh Rudi Nugroho and Akhmad Syakir Kurnia
Chapter 7. Assessing the Impact of Lockdown in Jakarta on the Economy: An Input-Output Approach; Achmad Rifa'i
Chapter 8. The Implementation of Financial Inclusion for Indonesian Migrant Workers Post Placement (Best Practice of Permanent Income Life Cycle Hypothesis); Nurul Istiqomah and Izza Mafruhah
Chapter 9. Profitability and Firm Value: the Role of Industry Competition, Market Value of Equity, and Debt Levels; Dany Adi Saputra and Doddy Setiawan
Chapter 10. The Effect of Moral Global Leadership Moderation on the Relationship between Achievement Motivation, Smart Work and Performance; Rahman El Junusi, Heru Sulistyo, Fadjar Setiyo Anggraeni, and Ferry Khusnul Mubarok
Chapter 11. Testing the Discriminant Validity and Heterotrait-Monotrait Ratio of Correlation (HTMT): A Case in Indonesian SMEs; Yong Dirgiatmo
Chapter 12. Generalist CEO and Firm Performance: Evidence from Indonesia; Diyah Kusuma Wardhani, Tastaftiyan Risfandy, Yunieta Anny Nainggolan, and Bowo Setiyono
Chapter 2. The Impact of Financial Literacy on Sustainability of Small Businesses: Government Policy Perspective; Kusdi Raharjo, Saparila Worokinasih, and Nur Imamah
Chapter 3. Real Earnings Management in Family Firms in Indonesia; Reny Damayanti Safitri, Tastaftiyan Risfandy, Inas Nurfadia Futri, and Rizky Yudaruddin
Chapter 4. How Bank Market Power and Diversification Affect Bank Stability? Evidence from Indonesia; Diyan Lestari, Andi Nurhikmah Daeng Cora, and Edwin Arojado Balila
Chapter 5. Chasing Daily Return of Socially Responsible Portfolio: Evidence from Indonesian Stock Exchange; Alyta Shabrina Zusryn, Muhammad Rofi, and Rizqi Umar Al Hashfi
Chapter 6. Systemic Risk: The Impact of Covid-19 on the Dual Banking System in Indonesia; Muh Rudi Nugroho and Akhmad Syakir Kurnia
Chapter 7. Assessing the Impact of Lockdown in Jakarta on the Economy: An Input-Output Approach; Achmad Rifa'i
Chapter 8. The Implementation of Financial Inclusion for Indonesian Migrant Workers Post Placement (Best Practice of Permanent Income Life Cycle Hypothesis); Nurul Istiqomah and Izza Mafruhah
Chapter 9. Profitability and Firm Value: the Role of Industry Competition, Market Value of Equity, and Debt Levels; Dany Adi Saputra and Doddy Setiawan
Chapter 10. The Effect of Moral Global Leadership Moderation on the Relationship between Achievement Motivation, Smart Work and Performance; Rahman El Junusi, Heru Sulistyo, Fadjar Setiyo Anggraeni, and Ferry Khusnul Mubarok
Chapter 11. Testing the Discriminant Validity and Heterotrait-Monotrait Ratio of Correlation (HTMT): A Case in Indonesian SMEs; Yong Dirgiatmo
Chapter 12. Generalist CEO and Firm Performance: Evidence from Indonesia; Diyah Kusuma Wardhani, Tastaftiyan Risfandy, Yunieta Anny Nainggolan, and Bowo Setiyono
