Strategic Complementarity, Fragility, and Regulation

The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure (precisions of public and private information), and the level of stress indicators in the market impin…

Exploration and Long-Run Organizational Performance: The Moderating Role of T…

This study considers how cross-sectional differences and intertemporal variations in interdependencies between productive activities at the industry level moderate the contribution of exploration to long-run organizational performance. We use patent data to measure interdependencies between productive activities at the industry level and computer-assisted content analysis to derive firms’ ori…

When Prime Depositors Run on the Banks: A Behavioral Approach

This paper examines the effect of two psychological attributes, namely an individual’s risk and time preference, on withdrawal decisions. Our sample is a pool of prime depositors in Indonesia, mainly due to the country’s deposit market being heavily concentrated on such depositors. We find that most of the prime depositors are risk averse long-term depositors. The regression results show th…

Kebijakan Pemerintah dalam Rangka Pemulihan Ekonomi dan Keterkaitannya dengan…

Penyakit flu burung merebak di Indonesia sejak tahun 2003 dan menyebar di hampir seluruh tinggi pada unggas tetapi juga menyebabkan berbagai kerugian ekonomi yang luas, yaitu terjadi penurunan produktivitas pada berbagi sektor ekonomi, khususnya sektor yang terkait langsung dengan perunggasan yaitu sektor daging unggas (tradisional dan menengah-besar). Dampak tersebut juga dirasakan oleh indust…

Model dan estimasi dalam riset manajemen dan keuangan

Buku ini disusun dengan pemikiran adanya praktek, teori dan penelitian yang sebelumnya belum terlihat pada buku-buku yang sudah ditulis dalam bidang Keuangan Perusahaan. Adapun buku ini membahas Pengenalan Lingkungan Perusahaan, Analisis Laporan Keuangan termasuk Arus Kas Perusahaan, Manajemen Likuiditas, Manajemen Persediaan, Kebijakan Kredit. Buku ini diharapkan dapat menjadi pegangan bagi me…

Peran Brand Community Experience terhadap Brand Trust dan Brand Loyalty pada …

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ISBN/ISSN

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Deskripsi Fisik

xii, 153 p. ; diagr. ; 30 cm

Judul Seri

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No. Panggil

T 033/23

Pengaruh Profitabilitas dalam Memoderasi Dampak Credit Crunch terhadap Kemung…

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ISBN/ISSN

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Deskripsi Fisik

x, 88 p. ; diagr. ; 30 cm

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No. Panggil

T 022/23

Credit Crunch dan Kebijakan Moneter selama Pandemi Covid-19

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ISBN/ISSN

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Deskripsi Fisik

xi, 46 p. ; diagr. ; 30 cm

Judul Seri

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No. Panggil

T 118/23

Measuring “Dark Matter” in Asset Pricing Models

We formalize the concept of “dark matter” in asset pricing models by quantifying the additional informativeness of cross-equation restrictions about fundamental dynamics. The dark-matter measure captures the degree of fragility for models that are potentially misspecified and unstable: a large dark-matter measure indicates that the model lacks internal refutability (weak power of optimal sp…

The Golden Mean : The Risk-Mitigating Effect of Combining Tournament Rewards …

The rewards received by financial managers depend on both relative performance (e.g., fund inflows based on fund rankings, promotions based on peer comparisons) and absolute performance (e.g., bonus payments for meeting accounting targets, hedge-fund incentive fees). Both relative and absolute performance rewards engender risk-taking. In this paper, we show that these two sources of risk-taking…

A Model of Systemic Bank Runs

We develop a tractable model of systemic bank runs. The market-based banking system features a two-layer structure: banks with heterogeneous fundamentals face potential runs by their creditors while they trade short-term funding in the asset (interbank) market in response to creditor withdrawals. The possibility of a run on a particular bank depends on its assets' interim liquidation value, and…

Evaluasi Penghitungan Risiko Cost Overrun untuk Proyek Jalan Tol di Jawa Timu…

Laporan magang ini membahas evaluasi terkait proses penghitungan risiko pembengkakan biaya (cost overrun) pada proyek pembangunan jalan tol di Jawa Timur yang dilakukan oleh PT HEX Advisory, sebagai entitas usaha PT HEX Indonesia, yang berfokus pada layanan konsultasi keuangan. PT HEX Indonesia merupakan kantor akuntan publik yang menyediakan jasa audit dan asurans, konsultasi keuangan, konsult…

Signifikansi Social Media Marketing Activities, Brand Equity dan Brand Loyalt…

Pada konteks social media marketing activities (SMMA), diperlukan strategi yang meliputi lima dimensi entertainment, interactivity, trendiness, customization dan electronic word of mouth. Penelitian ini akan berfokus untuk memahami peranan social media marketing activities dalam memberikan dampak secara positif terhadap brand equity pada produk premium running watch Garmin, yang didasari oleh p…

Credit crunch dan kebijakan moneter selama Pandemi Covid-19

Dalam kondisi krisis menurunnya pertumbuhan kredit perbankan yang cukup signifikan berasosiasi dengan fenomena credit crunch. Kemampuan sistem perbankan menyediakan kredit dalam perekonomian terbatas dibandingkan dengan permintaan kredit. Ketika terjadi pandemic covid-19, pertumbuhan kredit di Indonesia mencapai titik terendah jika dibandingkan dengan periode pre-covid 19. Namun, f…

Oil and Economic Development Issue in Brunei

Edisi

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ISBN/ISSN

9971901206

Deskripsi Fisik

hal. 39 p. : ill. ; 30 cm.

Judul Seri

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No. Panggil

338.959 55 Ham o

Convertible bond calls: resolution of the information content puzzle

Hardcopy

Repo Runs: Evidence from the Tri-Party Repo Market

The repo market has been viewed as a potential source of financial instability since the 2007 to 2009 financial crisis, basedin part on findings that margins increased sharply in a segment of this market. .Printed Journal

Antecedents of settlement on a new institutional practice negotiation of the …

In contrast to theory and research on institutionalized forms, less attention has been given to the creation of new institutional practices and arrangements. Researchers have recently argued that new institutional practices reflect settlements or truces reached by organizations embedded within fields but, to date, there is a dearth of research on how these settlements are negotiated. Based on a…

Embedding ethical leadership within and across organization levels

We develop and test a model linking ethical leadership with unit ethical culture, both across and within organizational levels, examining how both leadership and culture relate to ethical cognitions and behaviors of lower-level followers. The data were collected from 2,572 U.S. Army soldiers representing three organizational levels deployed in combat. Findings provide limited support for simple…

The Desire to Acquire and IPO Long-Run Underperformance

We analyze a sample of 4,795 IPOs that went public between 1985 and 2003 to determine the impact of acquisition activity on long-run stock performance. After controlling for relevant factors, we find that IPOs that acquire within a year of going public significantly underperform for three-year holding periods following the first year, whereas non-acquiring IPOs do not significantly underperform…