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Tujuan Penelitian: Covid-19 (coronavirus) secara signifikan mempengaruhi komunitas dan industri usaha, termasuk juga industri mikro dan kecil. Berkaitan dengan hal tersebut, perlu dilakukan transformasi perilaku di dalam berwirausaha dari Lembaga Keuangan Mikro (LKM) untuk menghadapi persaingan yang ketat di tengah situasi kondisi pemulihan sosial-ekonomi karena perubahan yang dramatis. Oleh ka…
Tujuan penelitian ini adalah untuk menguji pengaruh orientasi kewirausahaan terhadap kinerja sosial dan pengaruh kinerja sosial terhadap kinerja keuangan dalam lembaga keuangan mikro (LKM) di Indonesia. Penelitian ini menggunakan dinamika lingkungan sebagai anteseden, aliansi stratejik dan kapabilitas dinamik sebagai mediasi. Penelitian dilakukan terhadap sampel 235 pimpinan puncak LKM yang ter…
Includes bibliographies and index.
Printed Journal
Temporary deviations of trade prices from fundamental values impart bias to estimates of mean returns to individual securities, to differences in mean returns across portfolios, and to parameters estimated in return regressions. We consider a number of corrections, and show them to be effective under reasonable assumptions. In an application to the Center for Research in Security Prices monthly…
Spot power prices are volatile and since electricity cannot be economically stored, familiar arbitrage-based methods are not applicable for pricing power derivative contracts. This paper presents an equilibrium model implying that the forward power price is a downward biased predictor of the future spot price if expected power demand is low and demand risk is moderate. However, the equilibrium …
In an increasingly advanced economy with very diverse and broad investment possibilities, cryptocurrencies' characteristics as alternative investments have been widely studied. The studies are predominantly around the pro-cons in managing these cryptocurrencies. The Covid- 19 pandemic has provided a natural laboratory to study the extent of cryptocurrencies' consistency and strength as hedging …
Tujuan utama dari penelitian ini adalah untuk menganalisa orientasi lembaga keuangan mikro yang menggunakan pendekatan group lending dan faktor-faktor idiosyncratic apa saja yang berperan penting. Group lending memiliki mekanisme yang menjadi insentif (set of dynamic incentive) bagi lembaga keuangan untuk menyalurkan kredit kepada usaha mikro kecil dan masyarakat miskin berupa bentuk-bentuk mit…
Marjin intermediasi bank dikenal dengan sebutan net interest margin (NIM) yaitu selisih pendapatan bunga pinjaman dan bunga tabungan. NIM masih merupakan sumber utama pendapatan bank di kawasan ASEAN. Marjin yang tinggi akan berdampak pada tingginya biaya sosial bagi masyarakat, bahkan bisa menghambat laju pertumbuhan ekonomi suatu negara. Sebaliknya marjin bunga yang rendah diharapkan memberik…
Juli 2011
CEOs Under Fire: The Effects of Competition from Inside Directors on Forced CEO Turnover and CEO Compensation (669 ? 698), Contracting with Nonfinancial Stakeholders and Corporate Capital Structure: The Case of Product Warranties (699 ? 727), The Shareholder Base and Payout Policy (729 ? 760), A First Look at Mutual Funds That Use Short Sales (761 ? 787), Debt Maturity and Asymmetric Informatio…
Volatility Trading: What Is the Role of the Long-Run Volatility Component? (pages 273-307), Stocks, Bonds, and Long-Run Consumption Risks (pages 309-332), Asset Liquidity and Stock Liquidity (pages 333-364), The Dividend Initiation Decision of Newly Public Firms: Some Evidence on Signaling with Dividends (pages 365-396), Corporate Governance and Innovation (pages 397-413), Clean Sweep: Informed…
Inefficient Labor or Inefficient Capital? Corporate Diversification and Productivity around the World (pages 1-22), An International Comparison of Capital Structure and Debt Maturity Choices (pages 23-56), Sources of Gains in Corporate Mergers: Refined Tests from a Neglected Industry (pages 57-89), Survival of Overconfidence in Currency Markets (pages 91-113), The Cross Section of Expected Retu…
The Desire to Acquire and IPO Long-Run Underperformance (pages 493-510), A New Method to Estimate Risk and Return of Nontraded Assets from Cash Flows: The Case of Private Equity Funds (pages511-535), The Performance of Investment Bank-Affiliated Mutual Funds: Conflicts of Interest or Informational Advantage? (pages 537-565), Do Pension-Related Business Ties Influence Mutual Fund Proxy Voting? E…
It Pays to Follow the Leader: Acquiring Targets Picked by Private Equity (pages 901-930), ?Preparing? the Equity Market for Adverse Corporate Events: A Theoretical Analysis of Firms Cutting Dividends (pages 933-972), The Optimal Use of Return Predictability: An Empirical Study (pages 973-1001), Dividend Growth, Cash Flow, and Discount Rate News (pages 1003-1028), Shareholders in the Boardroom: …