Prelims

Recent Developments in Asian Economics International Symposia in Economic Theory and Econometrics

ISBN: 978-1-83867-360-4, eISBN: 978-1-83867-359-8

ISSN: 1571-0386

Publication date: 1 March 2021

Citation

(2021), "Prelims", Barnett, W.A. and Sergi, B.S. (Ed.) Recent Developments in Asian Economics International Symposia in Economic Theory and Econometrics (International Symposia in Economic Theory and Econometrics, Vol. 28), Emerald Publishing Limited, Leeds, pp. i-xxx. https://doi.org/10.1108/S1571-038620210000028026

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Emerald Publishing Limited

Copyright © 2021 Emerald Publishing Limited


Half Title Page

RECENT DEVELOPMENTS IN ASIAN ECONOMICS

Series Page

International Symposia in Economic Theory and Econometrics

Series Editor: William A. Barnett

Recent Volumes:

Volume 14: Economic Complexity
Edited by W. A. Barnett, C. Deissenberg & G. Feichtinger
Volume 15: Modelling Our Future: Population Ageing, Social Security and Taxation
Edited by Ann Harding & Anil Gupta
Volume 16: Modelling Our Future: Population Ageing, Health and Aged Care
Edited by Anil Gupta & Ann Harding
Volume 17: Topics in Analytical Political Economy
Edited by Melvin Hinich & William A. Barnett
Volume 18: Functional Structure Inference
Edited by William A. Barnett & Apostolos Serletis
Volume 19: Challenges of the Muslim World: Present, Future and Past
Edited by William W. Cooper & Piyu Yue
Volume 20: Nonlinear Modeling of Economic and Financial Time-Series
Edited by Fredj Jawadi & William A. Barnett
Volume 21: The Collected Scientific Works of David Cass – Parts A–C
Edited by Stephen Spear
Volume 22: Recent Developments in Alternative Finance: Empirical Assessments and Economic Implications
Edited by William A. Barnett and Fredj Jawadi
Volume 23: Macroeconomic Analysis and International Finance
Edited by Georgios P. Kouretas and Athanasios P. Papadopoulos
Volume 24: Monetary Policy in the Context of the Financial Crisis: New Challenges and Lessons
Edited by William A. Barnett and Fredj Jawadi
Volume 25: Banking and Finance Issues in Emerging Markets
Edited by William A. Barnett and Bruno S. Sergi
Volume 26: Asia-Pacific Contemporary Finance and Development
Edited by William A. Barnett and Bruno S. Sergi
Volume 27: Advanced Issues in the Economics of Emerging Markets
Edited by William A. Barnett and Bruno S. Sergi

Title Page

International Symposia in Economic Theory and Econometrics Volume 28

Recent Developments in Asian Economics International Symposia in Economic Theory and Econometrics

Edited by

William A. Barnett

University of Kansas, USA, and Center for Financial Stability, USA

Bruno S. Sergi

Harvard University, USA, and University of Messina, Italy

United Kingdom – North America – Japan – India – Malaysia – China

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Emerald Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2021

Copyright © 2021 Emerald Publishing Limited

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ISBN: 978-1-83867-360-4 (Print)

ISBN: 978-1-83867-359-8 (Online)

ISBN: 978-1-83867-361-1 (Epub)

ISSN: 1571-0386 (Series)

Contents

List of Figures ix
List of Tables xi
About the Editors xv
About the Contributors xvii
List of Contributors xxix
Introduction 1
Chapter 1 The Impact of Online Market toward Social Welfare on Fourth Industrial Revolution Era: A Case at Bulan Terang Utama Online Market Malang
Ermita Yusida, Vika Annisa Qurrata, Vidya Purnamasari and Wen-Chi Huang 3
Chapter 2 Structural Equation Model on Triple Bottom Line Performance of Large Manufacturing Companies in Region XII, Philippines
Vergil Joseph I. Literal and Eugenio S. Guhao 13
Chapter 3 Determinants of Students’ Perceptions of the Green University
Sylvia Veronica Siregar and Bayu Tenoyo 39
Chapter 4 Analysis on Sources of Inefficiency in the Construction Sector: High Cost of Infrastructure Development in Indonesia
Anang Muftiadi, Rivani and Dian Fordian 53
Chapter 5 Can Re-election Strengthen the Relationship Between Local Government Spending and Financial Performance?
Hidayah Asfaro Saragih and Dyah Setyaningrum 69
Chapter 6 Integrating Interdisciplinary Studies with the HCMA Certificate to Reach the Milestone of Finalizing Post-crisis Reforms (Basel III) Considering the Aggravating Effect of the COVID-19 Deficit
John P. Koeplin and Pascal Lélé 83
Chapter 7 A Vulnerability Spillover Index for the Indian Financial System
Indrani Manna 129
Chapter 8 Is Inflation Targeting Successful in Emerging Economies?
Vidhi Agarwal and Taniya Ghosh 143
Chapter 9 Impact of Economic Policy Uncertainty on FDI inflows: Evidence from India
Aishanee Sinha and Taniya Ghosh 157
Chapter 10 Consumption Life and Satisfaction of Chinese Rural Residents
Liying Xia, Jianbo Zhang and Xuelin Ma 169
Chapter 11 The Impact of Institutional Quality on Stock Market Performance in Emerging Economy: Evidence from the ARDL Bound Approach
Woon Leong Lin, Aneeq Inam and Siong Hook Law 187
Chapter 12 Herding Behavior: Evidence from Southeast Asian Stock Markets
Harjum Muharam, Aditya Dharmawan, Najmudin Najmudin and Robiyanto Robiyanto 207
Chapter 13 Private Information from Extreme Price Movements (Empirical Evidences from Southeast Asia Countries)
Usman Arief and Zaäfri Ananto Husodo 221
Chapter 14 The Impacts of Divisia Money on MYR/USD Exchange Rate Determination in Malaysia
Choi-Meng Leong, Chin-Hong Puah, Venus Khim-Sen Liew and Matviychuk-Soskina Nadiya 243
Chapter 15 Modeling Exchange Market Pressure in East Asian Economies
Evan Lau, Jenny Yong and Nurul Bariyah 263
Chapter 16 The Impact of Equity Historical Market Price on Capital Structure
Miswanto Miswanto 281
Chapter 17 Sharia Disclosure, Sharia Supervisory Board and the Moderating Effect of Regulatory Framework: The Impact on Soundness of Islamic Banking
Siti Khomsatun, Hilda Rossieta, Fitriany and Mustafa Edwin Nasution 291
Chapter 18 Implementation of Green Banking and Financial Performance on Commercial Banks in Indonesia
Tria Ratnasari, Arni Surwanti and Firman Pribadi 323
Chapter 19 The Implementation of Human Capital Disclosures on the Financial Statements of Local Governments in Indonesia based on the Institutional Theory
Henny Murtini, Djoko Suhardjanto, Djuminah and Agung Nur Probohudono 337
Chapter 20 Disclosure, Information Asymmetry and The Cost of Equity Capital: Evidence from Indonesia
Erna Setiany and Djoko Suhardjanto 351
Chapter 21 Financial Technology and Bank Risk: A Cross Country Study
Nugroho Saputro, Ariyanto Adhi Nugroho and Irwan Trinugroho 367
Chapter 22 The Use of Discretionary Spending as an Opportunistic Motive to Win the Election
Dewi Darmastuti and Dyah Setyaningrum 377
Chapter 23 The Dynamic Impacts of Financial Determinants and Ownership Concentration towards Firm Survival in Malaysia
Suzaida Bakar and Bany Ariffin Amin Noordin 397
Chapter 24 Heterogeneity of Inflation Expectations: An Analysis using IESH data
Ashima Goyal and Prashant Parab 423
Index 439

List of Figures

Chapter 1
Fig. 1. Impact of BTU Online Market on the Level of Social Welfare. 10
Chapter 2
Fig. 1. The Conceptual Paradigm of the Study. 22
Fig. 2. Best Fit Model of TBL Performance (Model 4). 29
Chapter 4
Fig. 1. Time Series of Construction Sector Level of Efficiency in Indonesia. 59
Chapter 6
Fig. 1. Overview of the Internal Financial Performance Piloting Technology. 97
Fig. 2. CEO’s Scheme for HR Asset Decision-making. 97
Fig. 3. Operational Management Vector: Top-down and Bottom-up Interaction Diagram of HCMA’s Interdisciplinary Cross-cutting Expertise to Run Business in an Organizational Team. 98
Fig. 4. Diagram of a Company for Which the Driving Axis (Vertical Axis) of HR Financial Performance is Equipped. 99
Fig. 5. Concomitant Improvement in Financial Performance and Working Conditions. 101
Fig. 6. Interfacing Diagram Through Fintech HR (IRM) of Operational Risk Management Systems of Banks with CCR Dashboards. 118
Fig. 7. Diagram of lack of cross-cutting skills needed for collective performance or collective bargaining. 124
Chapter 9
Fig. 1. Comparison of India and Global EPU Index. 159
Fig. 2. Stability Tests. 165
Chapter 11
Fig. 1. IQ (%), and MC of Listed Domestic Company in Malaysia (1984–2017). 189
Fig. 2. Institutions–Stock Market Performance Nexus. 192
Fig. 3. Cumulative Sum. 193
Fig. 4. Cumulative Sum Squares. 201
Chapter 13
Fig. 1. Jump and Private Information. 227
Fig. 2. The Probability of Jump and Macroeconomic Events. 235
Chapter 14
Fig. 1. Growth Rate of M2 and Divisia M2 Monetary Aggregates for United States and Malaysia. 245
Fig. 2. Plots of the Variables. 252
Chapter 16
Fig. 1. Research Model (Weigl, 2011). 284
Chapter 17
Fig. 1. Research Design. 302
Chapter 18
Fig. 1. Capital Adequacy Ratio. 330
Fig. 2. Non-performing Loan. 331
Fig. 3. Bank Efficiency. 332
Fig. 4. Bank Liquidity. 333
Chapter 19
Fig. 1. The Interplay of Coercive, Mimetic and Normative Forces Influencing Evolutionary Compliance, Offset by Dysfunctional Culture at Offending Firms (Burdon & Sorour, 2020). 343
Chapter 24
Fig. 1. CPI (Industrial Workers) Inflation and Household Inflation Perceptions and Expectations. 427

List of Tables

Chapter 1
Table 1. Statistical Result of 3SLS Regresssion. 9
Chapter 2
Table 1. Significance on the Relationship Between Sustainable Management Practices and TBL Performance. 25
Table 2. Significance on the Relationship Between Strategic Orientation and TBL Performance. 26
Table 3. Significance on the Relationship Between Organizational Culture and TBL Performance. 27
Table 4. Summary of Fit Measures. 29
Chapter 3
Table 1. Demographics of Respondents. 44
Table 2. Descriptive Statistics. 44
Table 3. Mean Difference Test. 45
Table 4. Correlation Matrix. 47
Table 5. Regression Results. 48
Table 6. Regression Results – Additional Test. 49
Chapter 4
Table 1. Methods of Efficiency Measurement. 55
Table 2. Variables and Efficiency Level. 59
Table 3. High Determining Sector of the Construction Sector Inefficiency in Indonesia. 60
Table 4. Determinant Subsectors of the Efficiency of Indonesia’s Construction Sector. 61
Table 5. Quadrants of Construction Sector Efficiency Determinant in Indonesia 2010–2015. 62
Table 6. Intermediate Input Composition of 26 Subsectors Determinating Inefficiency in the Construction Sector in Indonesia, Year 2015. 63
Table 7. Main Determinant Subsectors on the Construction Sector Inefficiency in Indonesia. 64
Chapter 5
Table 1. Variables Measurement. 76
Table 2. Descriptive Statistics. 76
Table 3. Regression Results. 77
Chapter 7
Table 1. Threshold Values for Sectoral Vulnerability Indicators. 139
Chapter 8
Table 1. List of Sample Countries. 147
Table 2. Two-sample t-test for Means of Inflation and Inflation Volatility. 148
Table 3. Panel Data Regression Results. 151
Table 4. RE Panel Data Regression Results. 152
Table 5. Robustness Checks for Models 1–3. 153
Table 6. Robustness Checks for Model 4. 154
Chapter 9
Table 1. Results of Unit Root Tests. 161
Table 2. ARDL Bounds Test. 162
Table 3. Short-run Dynamics. 163
Table 4. Long Run Results. 164
Chapter 10
Table 1. Summary of Individual Variable. 176
Table 2. Description of Variables and Statistics. 177
Table 3. Result of Ordered Logistics Model Regression. 178
Table 4. Least Square Method Regression Results. 183
Chapter 11
Table 1. Political Risk Components and its Weightage. 189
Table 2. Unit Root Test Results. 199
Table 3. The Result of ARDL Bound Test. 199
Table 4. ARDL Long-run Coefficient. 200
Table 5. Short-run Dynamic Model. 200
Table 6. Results of Pairwise Granger Causality Test. 202
Chapter 12
Table 1. Descriptive Statistics of CSAD and Market Returns (Rm) for Indonesia, Singapore, Malaysia, the Philippines, and Thailand. 214
Table 2. Regression Estimates of Herding Behavior for Indonesia, Singapore, Malaysia, the Philippines, and Thailand. 216
Table 3. Regression Estimates of Herding Behavior as a Whole. 217
Chapter 13
Table 1. Summary Statistics of Private information (Full Sample Frequencies). 230
Table 2. Private Information in the Jakarta Stock Exchange. 231
Table 3. Private Information in (FTSTI). 232
Table 4. Private information in (KLSE). 233
Table 5. Private information in (SETI). 233
Table 6. Private information and Macroeconomic Announcements. 237
Table 7. Regression Results, Full Sample Frequencies. 238
Chapter 14
Table 1. Summary of Variables. 251
Table 2. Unit Root Tests Results. 253
Table 3. Results of Bounds Test for Cointegration. 254
Table 4. Error Correction Representation of ARDL Results. 255
Table 5. ARDL Estimation Results. 256
Table 6. Diagnostic Tests for ARDL Estimation Results. 256
Table 7. Granger Causality Test Results. 257
Chapter 15
Table 1. VAR Granger Causality. 268
Table 2. Decomposition of Variance. 273
Chapter 16
Table 1. Notation and Definition of Variables. 284
Table 2. Hypotheses Testing Result. 287
Chapter 17
Table 1. Islamic Governance System at the Country Level. 298
Table 2. Sample Selection Procedure. 302
Table 3. Soundness of Islamic Bank: The Result of PCA. 305
Table 4. Descriptive Statistic. 306
Table 5. Regression Results of Association Sharia Disclosure with Soundness of Islamic Bank. 308
Table 6. Regression Result of Indirect Effect of SSB with Soundness of IB Through Sharia Disclosure. 310
Table 7. Moderation Effect of Regulatory Framework on the Association Sharia Disclosure with Soundness of Islamic Bank. 311
Table 8. Moderation Effect of Regulation Framework on the indirect effect of SSB on Soundness of Islamic Bank Trough Sharia Disclosure. 313
Chapter 18
Table 1. The Determinant of Bank Profitability. 329
Table 2. R2 Test. 334
Chapter 19
Table 1. Mechanisms/Structures of Institutionalization. 340
Table 2. Summary of Meta-analysis of the Relationship Between Institutional Theory and Disclosure. 345
Table 3. The Summary of Meta-analysis on the Relationship Among Institutional Theory, Contextual Setting, and Disclosure. 347
Chapter 20
Table 1. The Result of Regression Analysis. 360
Table 2. The Results of Path Analysis. 362
Chapter 21
Table 1. Variable Definitions. 369
Table 2. Descriptive Statistics. 370
Table 3. Regression Result Model 1. 371
Table 4. Regression Result Model 2. 372
Table 5. Robustness Test Model 1: Include income_class. 373
Table 6. Regression Result Model 2: Include income_class*mma. 374
Chapter 22
Table 1. Sample Selection Process. 385
Table 2. Variables Description. 386
Table 3. Statistic Description. 387
Table 4. Frequency Detail. 388
Table 5. H1 and H2 Testing. 389
Table 6. Descriptive Statistics (A Year After the Election Period). 389
Table 7. H3 Testing. 392
Chapter 23
Table 1. Distributions of Firms in Financial Distress. 407
Table 2. Descriptive Statistics for Financial Determinants and Ownership Concentration. 412
Table 3. Hazards Model Estimates for Financial and Ownership Concentration Symptoms. 414
Table 4. Forecast Accuracy with the AUROC. 416
Chapter 24
Table 1. Descriptive Statistics of Inflation Perceptions and Expectations. 428
Table 2. Speed of Adjustment of Indian Households. 430
Table 3. Heterogeneity in Expectations Across Gender, Profession, and Age. 433
Table 4. Heterogeneity in Expectations Across Cities. 434

About the Editors

William A. Barnett is the Oswald Distinguished Professor of Macroeconomics at the University of Kansas, Director of the Center for Financial Stability in New York City, Founder and First President of the Society for Economic Measurement, and Editor of the Cambridge University Press journal, Macroeconomic Dynamics. His book, Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy, published by MIT Press, won the American Publishers’ Award for Professional and Scholarly Excellence for the best book published in economics during 2012. With Nobel Laureate Paul Samuelson, he also co-authored the book, Inside the Economist’s Mind, translated into seven languages.

Bruno S. Sergi is an Instructor on the Economics of Emerging Markets and the Political Economy of Russia and China at Harvard University and an Associate of the Harvard’s Davis Center for Russian and Eurasian Studies and the Harvard Ukrainian Research Institute. He also teaches Political Economy and International Finance at the University of Messina, Italy. He is the Series Editor of Cambridge Elements in the Economics of Emerging Markets, an Editor of Emerald Publishing book series Entrepreneurship and Global Economic Growth, a Co-series Editor of the Emerald Publishing book series Lab for Entrepreneurship and Development, and an Associate Editor of The American Economist. He is a Co-Founder and Scientific Director of the International Center for Emerging Markets Research at RUDN University in Moscow. He has published several articles in professional journals and many books as an author, co-author, editor, or co-editor.

About the Contributors

Vidhi Agarwal completed MSc Economics from Indira Gandhi Institute of Development Research, Mumbai and BA (Hons) Economics from Daulat Ram College, Delhi University. She worked as an intern at Department of Economic and Policy Research, Reserve Bank of India. Her topics of interest are monetary policy and international economics. She is currently working as an Associate in PwC US Advisory firm.

Usman Arief is a lecturer and researcher in finance at the Department of Management, Gadjah Mada University (UGM), where he has been a faculty member since 2020. He earned his Bachelor’s degree in Management at the Faculty of Economic and Business, Universitas Gadjah mada, Indonesia. He did his Master’s degree in Finance at Graduate School of Management, the University of Indonesia, Indonesia. His research interests are asset pricing, market microstructure, financial econometrics, and financial stability. Courses tought are Financial Management 1, Financial Management 2, Business and Management. He has collaborated actively with other researchers from other universities and published his papers in high-quality journals namely: Bulletin of Monetary Economic and Banking, and International Journal of Islamic and Middle Eastern Finance and Management, the Indonesian Capital Market Review, Journal of Indonesian Economy and Business, and the Indonesian Accounting and Financial Research.

Dr. Suzaida Bakar is a Senior Lecturer in the Department of Finance and Economics at University Tenaga Nasional, Malaysia and has been a member of the research faculty since 2007. She received a BBA. (Hons) degree in Finance (2001), MSc in Management from University Utara Malaysia (2003) and PhD in Finance from Putra Business School, University Putra Malaysia (2018) (AACSB Accredited and QS Top University 2018 Rank 229). Prior to joining the faculty she was an Assistant Programme Director (Student Affairs) at IKIP College, Pahang State Foundation, Malaysia from 2003, a Research Assistant at Faculty of Computer Sciences, University Utara Malaysia (2002–2003) and a Spot Trader at Equinox Resources International Limited, Kuala Lumpur (2001). Her research interests in finance are in the areas of financial engineering and financial innovation, stock market behaviour, energy security, and artificial intelligence. She is the author of over 45 papers and technical reports and is an active consultant for government and industry in these areas. She serves on the Reviewer Board of the Journal of IBIMA and others conferences and journals. She also serves as a Head of Best Paper Award Committee for International Symposium and Exhibitions in Business and Accounting (2015 and 2018) and Deputy Chairman II for IEBMC 2019 and ISEBA 2020. Currently, her H-index citation is 4.

Nurul Bariyah is a lecturer in Faculty of Economics and Business in Universitas Tanjungpura, Pontianak, Indonesia, and also serves as Head of Department of Economics and Development Study in the same university. Nurul graduated with Ph.D in International Economics from Universiti Malaysia Sarawak, Malaysia. During her career, she has served in numerous positions and accomplished many things, such as: becoming the JICA West Kalimantan consultant in economics and business development (2004-2005), in 2013 to 2017 becoming an expert team member of Bappenas (National Board of Development and Planning-Ministry of National Development Planning of Indonesia) for Provincial Development Evaluation, becoming the expert team member of Kalimantan Barat’s House of Representatives for evaluating performance of the namesake provincial government (2013-2018), and becoming West Kalimantan Regional Economist for the Board of Fiscal Policy that is under the auspices of the Republic of Indonesia’s Ministry of Finance. She’s also acquiring a research grants from“7-in-1” Project sponsored by the Islamic Development Bank and published in numerous national and international journals/ proceedings and in 2017-2019 becoming co-author in publication by Asia Competitiveness Institute Lee Kuan Yew School of Public Policy in the topic of West Kalimantan Performance.

Dewi Darmastuti is a Lecturer in Universitas Pembangunan Nasional Veteran Jakarta, Indonesia. She finished her bachelor and master degree in accounting from Universitas Indonesia. Her research interest is in accounting and auditing field mainly in public sector. She published several articles in scopus-indexed journals. She was formerly an auditor at KPMG Indonesia and an analyst at Bank Indonesia.

Aditya Dharmawan is a student at the Faculty of Economics and Business, Universitas Diponegoro, Indonesia.

Fitriany is a lecturer in Accounting at the Faculty of Economics and Business, University of Indonesia (FEB-UI), Indonesia. Fitri graduated with a PhD degree in Accounting from the University of Indonesia. He has published many papers in several journals including Asian Journal Of Business And Accounting, American Journal of Economics, The International Journal Of Business In Society, International Journal of Economics and Management, International Journal of Applied Business and Economic Research, Jurnal Akuntansi dan Keuangan Indonesia, Advances in Economics, Business and Management Research, and others.

Dian Fordian is a Lecturer and Researcher in the Study Program of Business Administration, Faculty of Social and Political Sciences, Universitas Padjadjaran, specialised in Business Finance, Operation Management, and Statistica.

Prof. Ashima Goyal is a Professor at Indira Gandhi Institute of Development Research, Mumbai. She is a member of the Monetary Policy Committee (MPC) at the Reserve Bank of India and a former member of Prime Minister’s Economic Advisory Council (PM-EAC). She is also a co-editor of a Routledge publications’ journal, Macroeconomics and Finance in Emerging Market Economies.

Dr. Taniya Ghosh is a faculty member at the Indira Gandhi Institute of Development Research (I.G.I.D.R), a research institute founded by the Reserve Bank of India. She is a Ph.D. in Economics from the University of Kansas. Her research interests are in the fields of macroeconomics, international economics, development economics and time series. Her research focuses on topics in theoretical and applied macroeconomics with special interests in growth models, monetary policy, fiscal policy and vector autoregression models. Her current work also includes topics in chaos and bifurcation, and nonlinear optimal control in macroeconomics. Her recent work has appeared in Economic Modelling, International Journal of Finance and Economics, Bulletin of Economic Research, Journal of Behavioral Finance, International Review of Economics and Finance, Computational Economics, Open Economies Review, Economic Theory Bulletin and the Journal of Economic Asymmetries.

Eugenio S. Guhao, Jr is a Licensed Agricultural Engineer and earned a degree in Doctor of Management major in Human Resources Management. He is an Author of seven mathematics textbooks used by various tertiary schools in Davao. As a resource speaker in local, national and international venues, his specializations are leadership, educational management, strategic plan, and global issues. He has published and presented several types of research in national and international conferences.

Wen-Chi Huang is a Senior Lecturer in National Pingtung University of Science and Technology (NPUST), Taiwan. She received her PhD degree in Agricultural Economics, The Pennsylvania State University, USA. Her current position is Professor and Chair of Department of Agribusiness Management at the NPUST. Her research interests are resource and environmental economics, small holder issues in agriculture, and also agricultural product marketing. She is the Council of the leaders of Asian Partnership for Human Resource Development in Rural Area (ASIA DHRRA).

Zaäfri Ananto Husodo is a lecturer in Finance and Banking at Department of Management, Faculty of Economics and Business, Universitas Indonesia since 2000. He holds Ph.D. in Finance and Banking from Australian School of Business, University of New South Wales, Australia. His current research covers topics of Frictions in Financial System and Financial System Stability. Courses taught are Applied Financial Econometrics, Risk Modeling and Investment. He has been securing research grants from Central Bank of Indonesia, Financial Service Authority, Debt Management Office of the Republic of Indonesia and the World Bank. He has published in Research in Business and Finance, Financial Research Letter, Global Finance Journal, Computational Economics and Pacific-Basin Finance Journal. He also served as invited reviewer in many reputable academic journals.

Aneeq Inam is a Ph.D. scholar in Universiti Putra Malaysia. He did MS in Management Sciences from Air University Multan, Pakistan. He has published many papers in reputable journals including Journal of Economic and Administrative Sciences, Sustainability, Sage-Open, and Cogent Business & Management. He served as a lecturer in public institutes in Pakistan including Air University and National University of Modern Languages (NUML). His research areas include Management, Ethics, Organizaitonal Behavior, Leadership, HRM, and Sustainability.

Siti Khomsatun is a post-graduate student in Accounting Science at the Faculty of Economics and Business, University of Indonesia (FEB-UI), Indonesia. Khomsatun also is a lecturer in Accounting at Institut Tazkia, Indonesia. She is interested in Sharia Governance and Accounting, and also Zakah Accounting. She has published some papers in accredited or non-accredited Indonesian journals including Jurnal Akuntansi dan Keuangan Islam, Jurnal Dinamika Akuntansi, Jurnal Dinamika Akuntansi dan Bisnis, Jurnal Keuangan dan Perbankan, and Jurnal Riset Akuntansi Keuangan. While she is being a post-doctoral student, she has been attending and presenting several international conferences.

Dr. John Koeplin, PhD, has been teaching financial accounting, managerial accounting, cost accounting, and a course on becoming principled business leaders, for over 20 years. His research interests include combining accounting data linked with human resource data using FinTech for reporting purposes, as well as investigating analysis of HR issues such as LCR compliance, absenteeism and presenteeism. He has also published several articles on Jesuit and ethical values related to educating future business leaders.

Evan Lau, serves as the Associate Professor and Managing Editor for International Journal of Business and Society (IJBS) in Faculty of Economics and Business, Universiti Malaysia Sarawak (UNIMAS). Evan speaks at numerous international conferences in countries like Indonesia, UAE, Sri Lanka, Italy and Malaysia and also an active workshop instructor. He provides lectures, consultations and supervisions to students. He often shares his life story and research findings in class. As today, his journal articles publications stand at 95 and he has 88 research papers published as chapters in books, conference proceedings, working papers, newsletters and newspaper articles. His excellence in research has brought him several award winnings includes Young Researcher Award in UNIMAS, Excellent Service Award, research medals from Research Expos, best papers and Highest Impact Journal Paper Award. To date, he has 64 post-graduate students under his supervision. He has examined 55 postgraduate thesis and 136 undergraduate research projects. He was listed among the Top 10% economists in Malaysia since 2008 and the Top 12% in Asia since 2012 by the Research Papers in Economics (RePEc) database. He is among the highly cited authors in UNIMAS. Apart from the academia journey, he joined numbers of running events and enjoy travelling around the world.

Siong-Hook Law is currently a Professor in the Economics Department of Universiti Putra Malaysia (UPM). He holds a PhD in economics from the University of Leicester, United Kingdom. He was a visiting scholar at Department of Economics, University of California Santa Cruz. He was a visiting scholar at Division of Economics, Nanyang Technological University of Singapore. He has published more than 120 articles in refereed journals, including 48 in journals indexed by Web of Science (WoS). Most of his published papers utilize panel estimation methods and time series analysis to address issues in economics and finance.

Dr Pascal Lélé, PhD, occupies a unique and exceptional position in research in enterprise risk management (ERM) and its structural relationships with management accounting processes. He holds three PhDs with expertise on the foundations of a transdisciplinary or interdisciplinary approach to transversal dynamics of organizations. These studies were supported in two French universities (Institute of Psychology of the University of Paris V and the Sorbonne University) and in one Canadian university (University Laval in Quebec). His work began before COSO 2, which following the first COSO framework in 1992 introduced in 2004 the concept of “risk appetite” which is the level of risk that the company is ready to face; the “tolerance threshold” being the acceptable variation of the risk level compared to the defined appetite level. From 2013, he began coordinating the work of integrating HR Finance processes as reflected by authoring a series of articles, in the prestigious ISACA Journal, with experts and academicians from three European universities (Frankfurt, Malta, and Cambridge) and two US universities (Georgia and New Jersey).

Choi-Meng Leong is a lecturer in economics at the Faculty of Business and Management, UCSI University, Malaysia. Leong graduated with a Ph.D. degree in financial economics from the Universiti Malaysia Sarawak, Malaysia. Leong has published few papers in Scopus journals from 2017 to 2020 and has also presented papers in international and local conferences. She has received awards from conferences such as Outstanding Paper Award and Best Paper Award. In addition to publication, Leong also received internal and external research grants in financial economics. Leong also has been invited as reviewers for journals such as Applied Economics, International Review of Economics, British Food Journal and Young Consumers.

Venus Khim-Sen Liew studied Mathematics (BSc.) and Financial Economics (Master and PhD) at Universiti Putra Malaysia. Venus joint the Faculty of Economics and Business, Universiti Malaysia Sarawak as an Associate Professor. Venus has been doing research since 2000 and he applies linear and nonlinear econometric modelling and forecasting, bootstrapping, technical analysis technics in studying issues related to international economics, financial economics, and macroeconomics. As for research output, Venus has to date published numerous articles in refereed international journals including those indexed in WOS/Social Sciences Citation Index (15 articles), SCOPUS (52) and ERA (7). He has also contributed about 20 articles to Malaysian-based refereed journals. Currently, he is the English and Malay Editor of Munich Paper of RePEc Archive (MPRA, maintained in Munich University Library, Germany) (2006 to present). Venus received UNIMAS Special University Research Achievements Award in 2010, Excellent Academic Service in 2013, Best Publication in Impact Factor Journal Award (Social Science Cluster) in 2012 and 2014. Earlier on, he was the recipient of UMS Outstanding Academic Service Award (2006,2007,2008) and Excellent Teacher Award from Ministry of Education (1997).

Woon Leong Lin is a senior lecturer at the Faculty of Economics and Administration of University of Malaya. Since completing his Ph.D. from Universiti Putra Malaysia, and his MBA from East Anglia University, UK, He also a professional consultants with the CMI Level 7 Qualifications in Professional - Chartered Management Institute (CMI) (UK) in cooperation with the Institute of Consulting (IC)(London). Lin’s research focus has been in the areas of corporate political strategy, business ethics, and corporate social responsibility. Within ethics, he explores factors influencing business and organizational ethics, and ethical behavior. His other key research area in corporate social responsibility focuses on green environmental practices and its relationship to organizational practices and performance. He has published more than 21 articles in refereed journals, including journals indexed by Thomson Web of Science (SSCI) and Scopus. His publications include Business Strategy and Environment, Corporate Social Responsibility and Environmental Management, The North American Economics and Finance, Sustainability, International Journal of Economics and Management, International Financial Study, Industrial Marketing Management, Administrative Sciences, Journal of Cleaner Production, Geojournal, and Environmental Science and Pollution Research.

Vergil Joseph I. Literal is a Certified Public Accountant and has recently earned a degree in Doctor of Business Administration at University of Mindanao. He has been in the academe for more than eight years teaching basic accounting, financial accounting, auditing, and taxation in the College of Business, Development Economics and Management at University of Southern Mindanao.

Xuelin Ma is a PhD candidate of investment economics in Shanghai University of Finance and Economics. He also has MEc degree from Nanjing University of Finance and Economics in Trade and Economic and BEc from Jiangsu normal University in Economics. His research focuses on the relationship between investment and market economy, the impact of farmers’ individual characteristics on investment preferences, applications of AI in farmers’ investment choices.

Dr. Indrani Manna is Director, Research with the Reserve Bank of India. She has been working with the central bank of India for the past 14 years. She has a doctorate in economics from the University of Kansas, USA and Masters in economics from the Delhi School of Economics. Her research interests include macroeconomics and econometrics.

Miswanto Miswanto is a senior lecturer. He graduated with a Ph.D in financial management from the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), Yogyakarta, Indonesia. He has published several papers in reputable national and international journals. He is currently a member of the board of the Indonesian Finance Association (IFA).

Harjum Muharam is Associate Professor at the Faculty of Economics and Business, Universitas Diponegoro, Indonesia. Harjum holds Ph.D. degree in finance from the Universitas Diponegoro, Indonesia. He has publisher many papers in reputable journals including Business: Theory and Practice, Journal of International Studies, Organizations and Markets in Emerging Economies, Journal of Applied Economic Sciences. Harjum is also currently the Head of Management Program in the Faculty of Economics and Business, Universitas Diponegoro, Indonesia.

Matviychuk-Soskina Nadiya is the Associate Professor at the National Academy of Management. She graduated with a Ph.D. degree in the area of IT in marketing management from the National Academy of Management. She teaches Economics, Economics of Foreign Countries, Trans-National Corporations, International Organizations, International Economy, International Management, International Marketing, Innovations in Foreign Business. She has published numerous articles in reputable journals. She also has conducted several international projects. She is currently the Editor-in-Chief of the international research journal – Economic Annals-XXI.

Najmudin Najmudin is Assistant Professor at the Faculty of Economics and Business, Universitas Jenderal Soedirman, Indonesia Najmudin holds Ph.D. degree in finance from the Universitas Diponegoro, Indonesia. He has publisher many papers in reputable journals including Economic Annals-XXI, Journal of International Studies, Journal of Applied Economic Sciences.

Anang Muftiadi is a Lecturer and Researcher in the Study Program of Business Administration, Faculty of Social and Political Sciences, Universitas Padjadjaran, specialised in Economics, Political Economics, Management System, Operation Research, and Operation Management, etc. He was a Senior Consultant in UNICEF, UNDP, ICRAF, Ministry of Public Works, Ministry of Trade, Ministry of Tourism, and business sectors.

Mustafa Edwin Nasution is a senior lecturer in Islamic economics at the university of Indonesia. Mustafa is a graduate with a PhD degree in public finance, international trade and organization from University Colorado Boulder. He has written many books including Pengenalan Eksklusif Ekonomi Islam (2017), Invetasi pada Pasar Modal Syariah (2016), Current Issues Lembaga Keuangan Syariah (2014), Ekonomi Makro Islam: Pendekatan Teoritis (2009), and Proses Penelitian Kuantitatif (2008). He also has published many papers in several journals including Jurnal Ekonomi dan pembangunan Indonesia, Journal of King Abdulaziz University: Islamic Economics, IQTISHODUNA, Jurnal Akuntansi dan Keuangan Indonesia, Journal of Islamic Monetary Economics and Finance. Mustafa is sharia supervisory board in several institutions and also a member of national sharia board council. He is a founding father of several Islamic economic organization in Indonesia including Badan Wakaf Indonesia, Ikatan Ahli Ekonomi Indonesia, Masyarakat Ekonomi Syariah and others.

Dr. Bany Ariffin Amin Noordin is an Associate Professor at the School of Business and Economics, Universiti Putra Malaysia. He has more than 18 years of teaching experience. He is currently a member of the Asian finance association, Malaysia Finance association, and a research scholar with the Asian Institute of Finance. Dr.Bany holds a Doctor of Business Administration (DBA) qualification in the area of Corporate Finance from the National University of Malaysia in 2006. He has a Master degree in Finance and Bachelor of Business Administration majoring in Finance and Economics from University of Oklahoma, USA. His scholarly articles have been published in reputable international and local academic journals, among them Journal of International Financial Markets, Institutions and Money, Management Decision, Emerging Market Review, Managerial Finance, International of Managerial Finance, Studies in Economics and Finance, Journal of Economics and Finance, International Review of Financial Analysis Journal, Asian Economics Review, Asia Pacific Journal of Economics and Business. His current research interests include corporate finance, firm’s internationalization process, ownership structure, asset valuation, and corporate governance. He has successfully graduated 8 Ph.D. students. And his current H index is 8.

Prashant Parab is a PhD Research Scholar at Indira Gandhi Institute of Development Research, Mumbai.

Firman Pribadi is lecturer in Finance at Master Management Department Post Graduate Program Universitas Muhammadiyah Yogyakarta. He earned a degree in Doctor of Management at University of Gadjah Mada. Her research interest on Corporate Finance, Credit Risk and Value at Risk. He has published in several national and international journal, such as Information Journal.

Chin-Hong Puah is an Associate Professor cum Chief Executive Officer at the UNIMAS Business School, Universiti Malaysia Sarawak (UNIMAS). He obtained his PhD degree majoring in Financial Economics. Puah has been actively involved in Financial Economics and Macroeconomics studies in the past 20 years. Until now, he had received more than 50 research grants and consultancy projects with totaling amount more than RM14 million. He has supervised more than 100 postgraduate students at CMBA (Corporate MBA), Master by research and PhD levels. At present, he has published more than 140 refereed journal articles in various international journals. Based on his excellent performance, he had received some significant academic awards from UNIMAS which include Best Researcher Award, Young Researcher Award, and Highest Impact Factor Journal Article Award (Social Sciences Category).

Vidya Purnamasari started her bachelor study in Brawijaya University and then continue her master in Gadjah Mada University Yogyakarta. Having interest on monetary and international economic major since the beginning of the studies, now she is concerning her teaching and research activities in that field. Now she is currently working as a Junior Lecturer in Economics Development Departments in Universitas Negeri Malang, Indonesia.

Vika Annisa Qurrata joins Universitas Negeri Malang as a Junior Lecturer in the Department of Economic Development in the Faculty of Economic and Business. Prior to coming to Universitas Negeri Malang, she was an Assisstant Lecturer at the Universitas Brawijaya, Malang and a Visiting Lecturer at the Universitas Islam Negeri Maulana Malik Ibrahim, Malang. She received her SE in Malang from Universitas Brawijaya and her two ME from Universitas Brawijaya and Universitas Islam Negeri Maulana Malik Ibrahim as well. Her teaching interests include Islamic economics, social and economic welfare and institutional theory on economics.

Tria Ratnasari is a lecturer assistant in Corporate Finance at Master Management Department Post Graduate Program Universitas Muhammadiyah Yogyakarta. She earned a degree in Master Management at Universitas Muhammadiyah Yogyakarta. Her research interest on Banking.

Robiyanto Robiyanto is Assistant Professor at the Faculty of Economics and Business, Satya Wacana Christian University, Indonesia. Robiyanto holds Ph.D. degree in finance from the Universitas Diponegoro, Indonesia. He has published many papers in reputable journals including Business: Theory and Practice, Journal of International Studies, Organizations and Markets in Emerging Economies, Gadjah Mada International Journal of Business, International Journal of Business Studies, Sage Open etc. He is also serves as reviewer in some top tier journals such as IEEE Access, Journal of Economics Business and Management, Applied Economics, International Journal of Business and Society, etc.

Hilda Rossieta is an associate professor in Accounting at the Faculty of Economics and Business, University of Indonesia (FEB-UI), Indonesia. Hilda graduated with a PhD degree in Accounting and Finance from Manchester Business School, UK. She has published many papers in reputable journals including International Journal of Public Sector Performance Management, Gadjah Mada International Journal of Business, Asian Journal of Business and Accounting, Corporate Ownership and Control, Journal of Management and Governance, International Journal of Islamic and Middle-Eastern Finance and Management, Social Responsibility Journal, International Journal of Economics and Management, Jurnal Akuntansi dan Keuangan Indonesia and others. Hilda was Independent commissioner at PT Tugu Pratama, Indonesia. She was head of the postgraduate program in Accounting FEB-UI for 2007–2013.

Rivani is a Lecturer and Researcher in the Study Program of Business Administration, Faculty of Social and Political Sciences, Universitas Padjadjaran, specialised in Entrepreneurship, and Management, among others. He leads a division in Oorange, a Business Incubator in Universitas Padjadjaran.

Hidayah Asfaro Saragih is a Government Auditor at Supreme Audit Board of Indonesia. As government auditor, she is responsible to conduct audit of government institutions, including financial statement audit, performance audit, and special purpose audit. She finished her bachelor and master degree in accounting from Universitas Indonesia. Her research interest is in accounting and auditing field mainly in public sector.

Erna Setiany is Lecturer of Accaounting in Universitas Mercu Buana (UMB), Indonesia. She obtained her Doctoral Degree in accounting from Universitas Sebelas Maret, Indonesia. Her research interests are financial accounting, management accounting, and corporate governance. She often writes articles in national and internationally reputable journals.

Dr. Dyah Setyaningrum is an Assistant Professor at the Faculty of Economics and Business Universitas Indonesia. She obtained a PhD degree from the Post Graduate Program in Accounting Universitas Indonesia. Currently, she serves as the Head of Undergraduate Program in Accounting in Faculty of Economics and Business Universitas Indonesia. She published several papers in scopus-indexed journals in the field of public sector accounting and corporate governance.

Aishanee Sinha has completed her post graduation in Economics from the Indira Gandhi Institute of Development and Research, Mumbai in July 2020. She completed her graduation in engineering from Jadavpur University, Kolkata. She has worked as a summer research intern in the Department of Statistics and Information Management, Reserve Bank of India. She is currently working as a financial analyst at Citi. Her research interest is in econometrics, macroeconomics and finance.

Sylvia Veronica Siregar is an Associate Professor at the Faculty of Economics and Business, Universitas Indonesia. She teaches several accounting subjects for undergraduate and graduate programs, such as financial accounting theory, corporate governance, and accounting research method. Her research interests are in the area of financial accounting and corporate governance. She has published several papers in reputable international journals. She is also the Co-author of several financial accounting books and Author of corporate governance book chapters.

Djoko Suhardjanto is a Senior Lecturer at Sebelas Maret University in Surakarta (UNS), Indonesia. He obtained his PhD in Accounting, Curtin University Perth, Australia. His current position is Professor and Dean of the Faculty of Economics and Business at UNS. His research interests are financial accounting, public accounting, management accounting, and accounting theories. He often writes articles in national and internationally reputable journals.

Arni Surwanti is lecturer in Finance at Master Management Department Post Graduate Program Universitas Muhammadiyah Yogyakarta. She received her Doctoral degree in Financial Management University of Gadjah Mada. Her research interest on Corporate Finance. She has published in national and international journal, such as International Journal of Management and Economics Invention.

Bayu Tenoyo was a Lecturer at Faculty of Engineering, Universitas Bhayangkara Jakarta Raya. He got his doctoral degree from Faculty of Computer Science, Universitas Indonesia in 2018. His research interests are in the area of reverse engineering and computer education. He has presented his papers in several international conferences and also published papers in the conference proceedings and international journal.

Liying Xia is a PhD candidate of investment economics in Shanghai University of Finance and Economics. Her research interests are: the study of the relationship between economy development and rural people’s life, the impact factors of farmers’ subjective well-being, applied econometrics.

Jenny Yong is a research analyst at London Stock Exchange Group (LSEG) Malaysia. She covers reports for a variety of industries like industrial metals, telecommunications and biotechnology. Prior to her role as research analyst, she was a part-time tutor at Universiti Malaysia Sarawak (UNIMAS), serving the Faculty of Economics and Business a 3 years tutorship in several quantitative courses. She has her Bachelor of International Economics and Master of Science in Economics from UNIMAS. Her research interests include international economics, applied econometrics, macroeconomics and international finance.

Ermita Yusida is a Lecturer of Economic Development Department in Faculty of Economic and Business, Universitas Negeri Malang. She graduated as ME and MBA from Double Degree Program in Economic Department of Brawijaya University, Indonesia, and Agribusiness Management Department of National Pingtung University of Science and Technology, Taiwan in 2014. Her current research interest is economics development, especially in social welfare, regional planning and industrial economics.

Jianbo Zhang is an associate professor of Economics at the University of Kansas, he obtained his MA and Ph D in Economics from Penn State University. His research interests are economic theory, industry organization, economic growth theory.

List of Contributors

Vidhi Agarwal Indira Gandhi Institute of Development Research (IGIDR), India
Usman Arief Department of Management, Faculty of Economics and Business, Gadjah Mada University, Indonesia
Suzaida Bakar Universiti Tenaga Nasional Muadzam Shah, Malaysia
Nurul Bariyah Universitas Tanjungpura, Indonesia
Dewi Darmastuti Universitas Pembangunan Nasional Veteran Jakarta, Indonesia
Aditya Dharmawan Universitas Diponegoro, Indonesia
Djuminah Sebelas Maret University, Indonesia
Fitriany University of Indonesia, Indonesia
Dian Fordian Universitas Padjadjaran, Indonesia
Taniya Ghosh Indira Gandhi Institute of Development Research (IGIDR), India
Eugenio S. Guhao, Jr. University of Mindanao, Philippines
Wen-Chi Huang National Pingtung University of Science and Technology, Taiwan
Zaäfri Ananto Husodo Department Management, Faculty of Economics and Business, Universitas Indonesia, Indonesia
Aneeq Inam Universiti Putra Malaysia, Malaysia
Siti Khomsatun University of Indonesia and Tazkia Institut, Indonesia
John P. Koeplin University of San Francisco, USA
Evan Lau Universiti Malaysia Sarawak, Malaysia
Siong Hook Law Universiti Putra Malaysia, Malaysia
Pascal Lélé Lelecorp, Inc., France
Choi-Meng Leong UCSI University, Malaysia
Venus Khim-Sen Liew Universiti Malaysia Sarawak, Malaysia
Woon Leong Lin University of Malaya, Malaysia
Vergil Joseph I. Literal University of Southern Mindanao, Philippines
Xuelin Ma Shanghai University of Finance and Economics, China
Indrani Manna Reserve Bank of India, India
Miswanto Miswanto Sekolah Tinggi Ilmu Ekonomi (STIE) YKPN Business School, Yogyakarta, Indonesia
Anang Muftiadi Universitas Padjadjaran, Indonesia
Harjum Muharam Universitas Diponegoro, Indonesia
Henny Murtini Universitas Negeri Semarang, Indonesia
Matviychuk-Soskina Nadiya Institute of Society Transformation, Ukraine
Najmudin Najmudin Universitas Jenderal Soedirman, Indonesia
Mustafa Edwin Nasution University of Indonesia, Indonesia
Bany Ariffin Amin Noordin Universiti Putra Malaysia, Malaysia
Ariyanto Adhi Nugroho Universitas Sebelas Maret, Indonesia
Agung Nur Probohudono Sebelas Maret University, Indonesia
Vidya Purnamasari Universitas Negeri Malang, Malang
Vika Annisa Qurrata Universitas Negeri Malang, Malang
Rivani Universitas Padjadjaran, Indonesia
Firman Pribadi Universitas Muhammadiyah Yogyakarta, Indonesia
Chin-Hong Puah Universiti Malaysia Sarawak, Malaysia
Tria Ratnasari Universitas Muhammadiyah Yogyakarta, Indonesia
Robiyanto Robiyanto Satya Wacana Christian University, Indonesia
Hilda Rossieta University of Indonesia, Indonesia
Nugroho Saputro Universitas Sebelas Maret, Indonesia
Hidayah Asfaro Saragih Supreme Audit Board of Indonesia, Indonesia
Erna Setiany Universitas Mercu Buana, Indonesia
Dyah Setyaningrum Faculty of Economics and Business Universitas Indonesia, Indonesia
Aishanee Sinha Indira Gandhi Institute of Development Research (IGIDR), India
Sylvia Veronica Siregar Universitas Indonesia, Indonesia
Djoko Suhardjanto Sebelas Maret University, Indonesia
Arni Surwanti Universitas Muhammadiyah Yogyakarta, Indonesia
Bayu Tenoyo Universitas Bhayangkara, Indonesia
Irwan Trinugroho Universitas Sebelas Maret, Indonesia
Liying Xia Shanghai University of Finance and Economics, China
Jenny Yong London Stock Exchange Group (LSEG) Malaysia
Ermita Yusida Universitas Negeri Malang, Indonesia
Jianbo Zhang Department of Economics, University of Kansas, USA
Prelims
Introduction
Chapter 1: The Impact of Online Market toward Social Welfare on Fourth Industrial Revolution Era: A Case at Bulan Terang Utama Online Market Malang
Chapter 2: Structural Equation Model on Triple Bottom Line Performance of Large Manufacturing Companies in Region XII, Philippines
Chapter 3: Determinants of Students’ Perceptions of the Green University
Chapter 4: Analysis on Sources of Inefficiency in the Construction Sector: High Cost of Infrastructure Development in Indonesia
Chapter 5: Can Re-election Strengthen the Relationship Between Local Government Spending and Financial Performance?
Chapter 6: Integrating Interdisciplinary Studies with the HCMA Certificate to Reach the Milestone of Finalizing Post-crisis Reforms (Basel III) Considering the Aggravating Effect of the COVID-19 Deficit
Chapter 7: A Vulnerability Spillover Index for the Indian Financial System
Chapter 8: Is Inflation Targeting Successful in Emerging Economies?
Chapter 9: Impact of Economic Policy Uncertainty on FDI Inflows: Evidence from India
Chapter 10: Consumption Life and Satisfaction of Chinese Rural Residents
Chapter 11: The Impact of Institutional Quality on Stock Market Performance in Emerging Economy: Evidence from the ARDL Bound Approach
Chapter 12: Herding Behavior: Evidence from Southeast Asian Stock Markets
Chapter 13: Private Information from Extreme Price Movements (Empirical Evidences from Southeast Asia Countries)
Chapter 14: The Impacts of Divisia Money on MYR/USD Exchange Rate Determination in Malaysia
Chapter 15: Modeling Exchange Market Pressure in East Asian Economies
Chapter 16: The Impact of Equity Historical Market Price on Capital Structure
Chapter 17: Sharia Disclosure, Sharia Supervisory Board and the Moderating Effect of Regulatory Framework: The Impact on Soundness of Islamic Banking
Chapter 18: Implementation of Green Banking and Financial Performance on Commercial Banks in Indonesia
Chapter 19: The Implementation of Human Capital Disclosures on the Financial Statements of Local Governments in Indonesia Based on the Institutional Theory
Chapter 20: Disclosure, Information Asymmetry and the Cost of Equity Capital: Evidence from Indonesia
Chapter 21: Financial Technology and Bank Risk: A Cross Country Study
Chapter 22: The Use of Discretionary Spending as an Opportunistic Motive to Win the Election
Chapter 23: The Dynamic Impacts of Financial Determinants and Ownership Concentration Toward Firm Survival in Malaysia
Chapter 24: Heterogeneity of Inflation Expectations: An Analysis Using IESH Data
Index