We examine a production-based asset pricing model with an unobservable mean growth rate ollowing a two-state Markov chain and with an ambiguity averse representative agent. Our model requires a low coefficient of relative risk aversion to produce: (i) a high equity premium and volatile equity returns, (ii) a low and smooth risk-free rate, (iii) smooth consumption growth and volatile nvestment g…
Green human resources management memiliki peran dan dianggap sebagai alat dalam meningkatkan employee green behavior guna mencapai keberlanjutan pada suatu organisasi. Penelitian ini bertujuan untuk menguji pengaruh green human resources management terhadap employee green behavior melalui peran mediasi corporate social responsibility, green commitment, dan green physiological climate. Penelitia…
Laporan ini mengalisis kinerja portofolio investasi ekuitas unit link milik PT Asuransi Jiwa Manulife Indonesia, yaitu Portofolio EQUITY1 dan Portofolio EQUITY2. Analisis ini dilakukan dengan tujuan mencari tahu potensi realokasi dana di antara kedua portofolio core strategy PT Asuransi Jiwa Manulife Indonesia dengan jenis aset ekuitas tersebut. Penilaian kinerja dilakukan menggunakan tiga mode…
Tingginya minat masyarakat dalam mengkonsumsi kopi telah mengangkat kopi Flores sebagai salah satu kopi unggulan yang diminati masyarakat. Kopi flores dikenal dengan cita rasa coklat manis dan semerbak wangi. Kopi flores yang dikelola komunitas adat Flores khususnya di Manggarai Raya, proses pengolahannya masih bersifat tradisional. Permasalahan utama yang dihadapi adalah keterbatasan sarana da…
There is current worldwideoutbreak of new type of coronavirus (COVID-19) which originated from Wuhan in China and has now spread to 199 countries. Governments, business institutions, and consumers are under increased pressure to stop the outbreak spreading to global health emergency. Post COVID-19 pandemic, the healthcare industry is on the cusp of a transformation that will affect all stakehol…
Penelitian ini bertujuan merekomendasikan strategi dan tindak lanjut percepatan pengembangan pariwiata cerdas Labuan Bajo di kabupaten Manggarai Barat provinsi Nusa Tenggara Timur, sebagai salah satu dari lima destinasi wisata super prioritas Kementerian Pariwisata dan Ekonomi Kreatif. Metode penelitian yang digunanakan adalah riset deskriptif melalui wawancara dan kajian literatur terkait dest…
Includes bibliographies and tables
Based on Ministry of Energy and Mineral Resources (2017), Indonesia is one of the countries that have the largest bauxite reserves in the world, the number reaches 2.4 billion tons with reserves reaching 422 years. Bauxite whics is processed into alumina is the basic material for making aluminium metal required by the downstream industry. A large amount of bauxite reserves owned does not correl…
The study aimed to uncover the determinants of Islamic financial exclusion in Indonesia by gathering responses from financially-excluded respondents. A total of 110 respondents were surveyed, representing five provinces: West Java, South Sulawesi, Aceh, East Kalimantan, and North Maluku. The criteria of the selected participants included those who were financially-excluded, those who did not o…
Overreaction is a phenomenon caused by stock market inefficiencies and also a reaction to certain events. Das and Krishnakumar (2016) explain that some overreaction phenomena violate the theory of capital market efficiency. As experienced by other stocks, Islamic stocks also probably experience market inefficiencies. This study aims to analyse the phenomenon of overreaction in Islamic stocks, …
This study examines Islamic microfinance as an important contributor to both the economic and human development of India. We are aware that conventional microfinance products have flourished in India; however, these products do not fulfil the needs of all Muslim clients. Taking small glimpses of Islamic microfinance (IMF), we can say it is working successfully in Muslim countries. From the met…
The allocation of profit and loss to the unrestricted investment account holders (URIAHs) is a fundamental principle of Islamic banking where both the URIAHs and the Shareholders participate in funds mobilization through a risk-sharing arrangement. The study investigates the risk adjusted return received by both the unrestricted investment account holders and shareholders as well as t…
This study adds to the current body of research on economic growth by demonstrating how the interplay between financial development and entrepreneurship fosters economic advancement. By utilizing the two-step Generalized Moment Method (GMM), we have identified three primary outcomes. Firstly, entrepreneurship has a beneficial influence on economic growth. Secondly, financial development has a c…
This study examines the growth effects of Real Exchange Rate (RER) misalignment and capital flight in Turkey during the period 1981-2019. The World Bank’s residual method suggests that capital flight is a widespread problem in Turkey and the Single Equation Approach adopted to delineate the series of RER misalignment identifies that Turkey’s RER is significantly misaligned throughout the sa…
This paper investigates the impact of openness variables, i.e., Foreign Direct Investment (FDI), exports, and imports, on productivity and efficiency. By employing annual data from the 13 countries from 2001 to 2018, this study confirms that openness variables affect countries’ productivity and efficiency. Productivity will improve when FDI interacts with human capital and intra- and inter-re…
We examine whether Foreign Direct Investment (FDI) influences wage spillover in the manufacturing sector in Indonesia from the perspective of three recipients (dimensions): industry, province, and technology intensity. Annual data of Indonesian manufacturing firms from 2011 to 2015 is employed. Using the Fixed Effect Model, we found the spatial (province) dimension to matter the most as it cons…
This paper examines the systemic risk and its spillover between banking sectors of the Gulf Cooperation Council (GCC) region using the conditional value-at-risk framework. We construct country-specific banking indices using 11 large banks in the region that are systemically important (SIB). We report evidence of systemic risk spillovers from SIBs to the broad-based GCC market indices. The incre…
The rapid evolution of digital technologies is reshaping the marketing landscape, presenting unprecedented opportunities and complex challenges for businesses. This study explores the strategic implications of digital technology dynamics, focusing on their transformative impact on marketing strategies, consumer behaviour, and business practices by examining key technological advancements, inclu…
Manajemen perusahaan diharapkan dapat melakukan strategi-strategi baru secara inovatif, hal ini tentu saja berkaitan erat dengan kepemimpinan digital dapat mempengaruhi iklim dalam lingkungan dan otonomi kerja. Penelitian ini bertujuan untuk melihat dampak digital leadership terhadap innovative work behavior dengan fokus pada peran mediasi climate for initiative dan job autonomy. Penelitian ini…
Penelitian ini mengkaji pengaruh skor Environmental, Social, and Governance (ESG) terhadap kinerja saham perusahaan, dengan fokus pada return dan risiko, selama pandemi COVID-19 di negara-negara emerging market Asia. Dengan menggunakan data dari Refinitiv Eikon untuk periode 2019-2022, penelitian ini menerapkan model Fixed Effect serta Fama-French Three-Factor untuk menganalisis hubungan ESG de…