Does Wealth imply secularization and longevity?

We develop a simple life cycle model with endogenous longevity where religious firms influence religious beliefs using donations as an input. The model suggests that either wealth and economic development or competition by religious firms can explain cross-country variation in religious beliefs, but to explain cross-country variation in religious beliefs, longevity, and consumption both develop…

Wealth distribution, inflation tax, and societal benefits of illiquid bonds

Illiquid nominal government bonds are shown to have two opposing effects on welfare. First, the relatively poor choose to top-up money balances for future consumption by purchasing nominal bonds at a discount. The wealth distribution becomes more centered with a smaller consumption deviation from the first best. Second, the higher inflation tax on monetary wealth to finance interest payments ma…

Wealth, warmth, and well-being: whether happiness Is relative or absolute dep…

A central question in consumer and happiness research is whether happiness depends on absolute or relative levels of wealth and consumption. To address this question, the authors evaluate a finer level than overall happiness and distinguish three specific types of happiness: with money, with the acquisition of an item, and with the consumption of an item. They find that happiness with money and…

Menggagas Neraca Syaria'ah Berbasis Maal: kontekstualisasi " kekayaan altruis…

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Stock repurchases and the EPS enhancement fallacy

A common belief among practitioners and academics is that the increased EPS associated with a stock repurchase creates value for a firm's shareholders. This belief is flawed. With the use of a numerical example and an analysis of ExxonMobil's recent stock repurchases, this article demonstrates the magnitude of the distortion that arises from using EPS to make such repurchase decisions. The effe…

Strategic entrepreneurship, collaborative innovation, and wealth creation

Strategic entrepreneurship refers to firms' pursuit of superior performance via simultaneous opportunity-seeking and advantage-seeking activities. Both small and large firms face impediments while pursuing strategic entrepreneurship. While small firms' opportunity-seeking skills may be strong, their limited knowledge stocks and lack of market power inhibit their ability to enact the competitive…

Marketing initiatives, expected cash flows, and shareholders' wealth

It is widely accepted that marketing initiatives help firms acquire and retain customers. However, the link between the cash flows generated by customers' purchases and shareholders' wealth is not fully understood, and the literature is increasingly advocating the need for greater "marketing accountability." In this interdisciplinary research, the authors adapt the theory of firm valuation from…

A Theory of pyramidal ownership and family business groups

We provide a new rationale for pyramidal ownership in family business groups. A pyramid allows a family to access all retained earnings of a firm it already controls to set up a new firm, and to share the new firm's nondiverted payoff with shareholders of the original firm. Our model is consistent with recent evidence of a small separation between ownership and control in some pyramids, and can…

Marketing, business processes, and shareholder value: An organizationally emb…

A study is presented that develops a framework for understanding the integration of marketing with business processes and shareholder value. The framework redefines marketing phenomena as embedded in 3 core business processes that generate value for customers - product development management, supply chain management, and customer relationship management - which in turn create shareholder value.…

Customer satisfaction and shareholder value

This article examines the association between customer satisfaction and shareholder value. The authors begin by developing a theoretical framework that specifies how customer satisfaction affects future customer behavior and, in turn, the level, timing, and risk of future cash flows. To test the hypotheses, the authors employ the American Customer Satisfaction Index (ACSI) database. They review…

Will succession planning increase shareholder wealth? evidence from investor …

This study examines investor reactions to a specific form of succession planning - relay succession. Theory predicts that both the initiation and the outcome of a relay CEO succession process will influence shareholder wealth. Results show that investors generally do not react to the initiation of the process as indicated by heir apparent appointment; but react negatively when the process ends …

Customer satisfaction, cash flow, and shareholder value

In this article, the authors strengthen the chain of effects that link customer satisfaction to shareholder value by establishing the link between satisfaction and two characteristics of future cash flows that determine the value of the firm to shareholders: growth and stability. Using longitudinal American Customer Satisfaction Index and COMPUSTAT data and hierarchical Bayesian estimation, the…

Wealth and executive compensation

Using new data on the wealth of Swedish CEOs, I show that higher wealth CEOs receive stronger incentives. Since high wealth (excluding own-firm holdings) implies low absolute risk aversion, this is consistent with a risk aversion explanation. To examine whether wealth is likely to proxy for power, I use lagged wealth (typically measured before the CEO was hired) and the results remain for one o…

Money change everything: how global prosperity is reshaping our needs, values…

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Deskripsi Fisik

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No. Panggil

MA 306.3 Mar m

Religiusitas dan kesejahteraan di Indonesia : analisis data Indonesian Family…

Kekayaan yang merupakan salah satu unsur kesejahteraan adalah hal yang mendasar untuk tiap individu. Namun demikian, distribusi kekayaan tidak merata pada tiap penduduk baik di dunia maupun di Indonesia. Tren positif pertumbuhan pendapatan per kapita justru diiringi dengan makin tingginya Gini Ratio yang mengindikasikan bahwa ketimpangan yang semakin melebar antara penduduk kaya dan miskin. Sec…

How consumer confidence affect the impact of housing market and stock market …

Studi ini mengeksplorasi pengaruh kepercayaan konsumen terhadap wealth effect dari pasar perumahan dan pasar saham terhadap tingkat konsumsi di 10 negara Asia. Studi ini menggunakan data triwulanan dari 2010 kuartal pertama hingga 2017 kuartal keempat dan menggunakan metode panel FMOLS untuk melihat hubungan jangka panjang antar variabel. Hasil studi menunjukkan bahwa kepercayaan konsumen mengu…

Anak bekerja di Indonesia: Bukti empiris terhadap wealth paradox

Banyak penelitian mengungkapkan bahwa keluarga yang semakin miskin akan menyebabkan kejadian anak bekerja lebih banyak (luxury axiom). Akhir-akhir ini, peneliti sudah mulai melihat adanya kondisi dimana keluarga yang mempunyai banyak tanah (keluarga yang lebih kaya), justru membuat fenomena anak bekerjanya lebih banyak (wealth paradox). Kondisi wealth paradox dibayangkan menjadi paradox dari ko…

Child Labor and Household Wealth in Indonesia

Kebijakan mengenai pekerja anak adalah agenda penting di Negara berkembang. Dalam studi sebelumnya, hubungan antara pekerja anak dan kekayaan rumah tangga adalah positif atau negatif yang dijelaskan dalam teori "wealth paradox" dan "luxury axiom".

Pengaruh nilai pabean, kompetensi, religiusitas, dan kekayaan auditor terhada…

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Deskripsi Fisik

xii, 138 hal. : 30 cm

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No. Panggil

IA 0115

Anak bekerja di Indonesia bukti empiris terhadap wealth paradox

Banyak penelitian mengungkapkan bahwa keluarga yang semakin miskin akan menyebabkan kejadian anak bekerja lebih banyak (luxury axiom). Akhir-akhir ini, peneliti sudah mulai melihat adanya kondisi dimana keluarga yang mempunyai banyak tanah (keluarga yang lebih kaya), justru membuat fenomena anak bekerjanya lebih banyak (wealth paradox). Kondisi wealth paradox dibayangkan menjadi paradox dari ko…