Index
Macroeconomic Risk and Growth in the Southeast Asian Countries: Insight from SEA
ISBN: 978-1-83797-285-2, eISBN: 978-1-83797-284-5
ISSN: 1571-0386
Publication date: 9 November 2023
This content is currently only available as a PDF
Citation
(2023), "Index", Barnett, W.A. and Sergi, B.S. (Ed.) Macroeconomic Risk and Growth in the Southeast Asian Countries: Insight from SEA (International Symposia in Economic Theory and Econometrics, Vol. 33B), Emerald Publishing Limited, Leeds, pp. 173-178. https://doi.org/10.1108/S1571-03862023000033B013
Publisher
:Emerald Publishing Limited
Copyright © 2024 William A. Barnett and Bruno S. Sergi
INDEX
Acid test ratio
, 29
Agency theory
, 11, 14, 28, 30, 66, 100–101
Airline companies, forecasting future of
, 57–60
Analisis Sensitifitas model
, 76–77
Annual reports
, 2, 14
ARIMA model
, 54–55, 60
procedure
, 56–57
ASEAN
countries
, 89, 94
hypothesis
, 141
literature review
, 139–140
research framework
, 141
research methodology
, 142–143
results
, 143–146
Asset correlation matrix
, 169
Attribution theory
, 11, 14
Audit Committee Ownership (ACO)
, 72
Augmented Dickey-Fuller unit root test (ADF unit root test)
, 55
Autocorrelation function test (ACF test)
, 55, 57
Aviation business
, 54
research method and design
, 55–56
result and implications
, 56–60
strategic preparation
, 60
Aviation industry
, 54
Bank risks
, 151
Banking system
, 150
Behavioural finance
, 119
Bibliometric analysis
compiling preliminary data
, 5–6
data analysis
, 7–11
initial search results
, 4–5
methodology
, 3–11
problem formulation
, 2
results
, 12–15
results after search refinement
, 5
search keywords
, 4
Bibliometric reviews
, 3
Bitcoin
, 54
Bloomberg
, 104
Board Size (BS)
, 29–30
effect on SR
, 34
Bretton Woods system
, 167
Business strategy
, 60
Buybacks
, 129
Cadbury Report
, 28
Capital
, 150
market investment
, 65
Capital Asset Pricing Model (CAPM)
, 65
Capital Market School
, 123–124, 132
Chief Executive Director (CEO)
, 13
Cholesky factorization
, 169
Classical assumption test
, 143
CO2 emission
, 138–139
Commodity price risk
, 167
Common effect
, 93
Company characteristics
, 13
Company size
, 47
Company’s transparency
, 2
Confidence
, 120
Consequentialism
, 119
Controlling
, 100
Corporate analysts
, 43
Corporate governance
, 26–28
Corporate leverage
, 73
Correlation
, 154
Corruption
, 140
Corruption Perception Index (CPI)
, 141
Country risk index
, 118
Covid-19
and investor behaviour
, 118–121
outbreak and impact
, 117–118
pandemic
, 116
Credit quality
, 150
Credit risk
, 150–152
CreditMetrics
, 167, 169
Creditors
, 68
Current Ratio (CR)
, 27–29
effect of CR on SR
, 33
Customers
, 45–46
Debt
, 37, 100
Debt funding
, 65
Debt policy
, 102–103
and dividend policy hypothesis
, 108–109
hypothesis
, 108
and risk hypothesis
, 109–110
Debt to asset ratio (DAR)
, 29, 33
effect on SR
, 34
Debt to equity ratio (DER)
, 29, 65, 72
effect on SR
, 34
Delta equity
, 168
Descriptive statistics
, 72–73, 154
analysis
, 32
Diagnostic check
, 156
Disease outbreak
, 117
Disposition effect
, 121
Disruptive innovation
, 43
Disruptive Innovation Disclosure (DID)
, 42
customers
, 45–46
employees
, 45
literature review
, 43
research methods
, 46–47
result
, 48
shareholders
, 44–45
stakeholders
, 43–44
suppliers
, 46
Dividend payout ratio
, 100
Dividend policy
, 100, 102–103
hypothesis discussion
, 107–108
Economic activities
, 138
Economic growth
, 90
Economic math equation
, 55
Economy
, 95–96, 129
Education
, 88–90
Efficient capital market theory
, 66
Efficient market hypothesis
, 65
Employees
, 45
Empowerment
, 94
Endowments
, 68
Environmental degradation
, 138
Equally Distributed Equivalent Percentage (EDEP)
, 90
Equity price risk
, 167
Equity risk premium
, 118
Estimation methods
, 93
Exchange rate risk
, 167
Exogenous variable test result
, 110–111
Expected risk reporting
, 2
Fear
, 119
Feedback Trading
, 121
Female average fertility rate (AF)
, 91
Female educational attainment (FEA)
, 91
Female labour force participation (FLFP)
, 90, 94
Female life expectancy (FLE)
, 91
Financial accounting standards
, 66
Financial behaviour
, 128
Financial decisions
, 100, 128
Financial forecasting
, 54
Financial intermediation
, 150
Financial leverage
, 26, 28
Financial liquidity
, 26
Financial markets
, 119
Financial performance
, 26–28
Financial performance
, 67
Financial reports
, 14
Financial risk index
, 118
Financial Soundness Indicators (FSI)
, 151–152
Firm age effect on SR
, 34–35
Firm growth (FG)
, 72
effect on SR
, 34–35
Firm performance
, 64
Firm size effect on SR
, 34–35
Firm value
, 64–65, 72
fundamental performance of company
, 66–67
good corporate governance and
, 68–71
leverage
, 67–68
literature review
, 65–66
methodology
, 71–72
result
, 72–80
Fixed-Effect (FE)
, 93, 142
panel regression result
, 143
Forecast error variance decomposition (FEVD)
, 151, 156–160
Forecasting
, 54
Fossil fuels
, 140
Free cash flow (FCF)
, 34
effect on SR
, 34–35
Fundamental analysis
, 124
Future Natural Gas (FNG)
, 54
Gamma equity
, 168
GARCH model
, 54
Garuda Indonesia Airlines (GIAA)
, 55–57
Gender Development Index
, 90
Gender Empowerment Index (IDG)
, 90
Gender equality
, 88
Gender Inequality Index (GII)
, 88
Gender mainstreaming
, 88
Globalization
, 123
Gold prices
, 54
Good corporate governance (GCG)
, 64, 68–71
Google Scholar
, 4
Government risk index
, 118
Greed
, 119–120
Gross domestic product (GDP)
, 118
Growth
, 64
Hausman test
, 143–144
Health policy index
, 118
Herding
, 121–123
behaviour
, 128
Heteroscedasticity
, 143, 145
High dividend distribution
, 108
High dividend policy
, 108
Histogram of loss distribution
, 169, 171
Human capital
, 90
theory
, 95
Human Development Report (HDR)
, 89
Human resource development
, 90
Hypothesis testing
, 104
Impulse response
, 156–160
Impulse-response function (IRF)
, 151
Independent Board of Commissioners (BOC)
, 29–30, 33
effect on SR
, 34
Independent Board of Commissioners Ownership (IBCO)
, 72
Indonesia capital market
, 123
Indonesia Stock Exchange Investment Gallery (GIBEI)
, 124
Information
, 43
Institutional hypothesis
, 109
Institutional ownership (IO)
, 64, 72
hypothesis
, 108
hypothesis discussion
, 107–108
interdependency of
, 102–103
Insurance Companies
, 68
Interest rate risk
, 167
International Accounting Standard Board (IASB)
, 66
International Finance Corporation (IFC)
, 28
International financial reporting standards (IFRS)
, 66
International Monetary Fund (IMF)
, 151
Investment Companies
, 68
Investment management
, 124–125
Investor behaviour
covid-19 and
, 118–121
literature review
, 117–123
research method
, 123
result
, 123–131
Investors
, 37, 43, 68
Irrational investors
, 128
k-nearest neighbours method
, 54
Labour force participation
, 89
Large-Scale Social Restrictions (PSBB)
, 116
Latin American and Caribbean countries (LCR)
, 123
Least Median Square estimation
, 35
Least Trimmed Square estimation
, 35
Legitimacy theory
, 11, 14
Leverage
, 67–68
Liquidity
, 36, 150–152
Literacy
, 90
Lockdown policy
, 116
M-estimation
, 35
Market Model
, 65
Market performance
, 26–28
hypothesis and research method
, 28–30
limitations and future research directions
, 38
literature review
, 27–28
research method
, 30–32
result
, 32–35
Market risk
, 166
methodology
, 166–167
research methodology
, 167–171
Maternal mortality ratio (MM)
, 91, 94
MM-estimation
, 35
Mean Adjusted Model
, 65
Media factors
, 120
Millennium development goals (MDGs)
, 88
Modified Wald Statistic
, 143
Moment Model Selection Criteria (MMSC)
, 153
Monte Carlo simulation
, 167–169
Mood
, 120
Muhammadiyah pension fund
, 166
Multicollinearity test
, 143–144
Multiple regression analysis
, 48
Mutual fund companies
, 68
My Bluebird application
, 42
Narrative statistics
, 32
New Growth Theory
, 89–90
Non-bank financial entities
, 68
Non-financial performance
, 64
Oil consumption
, 139, 142
Oil prices
, 54
Optimal capital structure
, 67–68
Organization of Economic Co-operation and Development (OECD)
, 28, 69
OSIRIS
, 104
Otoritas Jasa Keuangan (OJK)
, 104
Overconfidence
, 120, 127
Ownership structure
, 64
Panel regression model
, 143
Panel Vector Autoregression (Panel VAR)
, 150–151
data and methodology
, 152–154
estimation
, 154–156
literature review
, 151–152
result
, 154–162
Partial autocorrelation function test (PACF test)
, 55
Path analysis
, 75–80
Pension Fund Companies
, 68
Pension funds
, 165–166
Pension Institution
, 169
Per capita income
, 96
Perceptions of individual investors
, 120–121
Political/parliamentary participation
, 88–89
Population
, 139, 142
health
, 117
Portfolio theory
, 11, 14
Price earnings ratio (PER)
, 65, 71–72
Price to book value (PBV)
, 65, 71–72
Private Foundations
, 68
Probability default
, 168–169
Probability distribution function (PDF)
, 169
Probit model
, 90
Profitability
, 150
Public accountability
, 26
Purposive sampling technique
, 30, 46
Quantitative approach
, 55
Quick Ratio (QR)
, 27–29
effect of QR on SR
, 34
Random-Effect (RE)
, 93, 142–143
panel regression result
, 143
Rational investors
, 128
Raw materials
, 138
Real EDF
, 168
Regression results
, 32–33
Reproductive health
, 89
Research model
, 64
Return
, 28
Return on assets (ROA)
, 72
Return on equity (ROE)
, 64, 67, 72
Risk
, 2–3, 101–103
Risk disclosure
, 2
Risk hypothesis
, 109
debt policy and
, 109–110
dividend and
, 110
Risk management
, 2–3, 166–167
Risk reporting
, 2–3
Risk reports
, 14
RiskMetrics risk model
, 167
Robust regression
, 35
Robustness check
, 160–162
Robustness testing
, 35
S-estimation
, 35
SARS virus
, 122
SARS-CoV-2
, 117
Scopus database
, 3
Securities companies
, 124
Sekolah Pasar Modal (SPM)
, 123
Shareholders
, 44–45
Shareholding
, 100
Shares
, 28
Signaling theory
, 11, 14
Simultaneous equation
research method
, 104–106
results
, 107–111
theory and hypothesis development
, 101–103
Stability test
, 153
Stakeholders
, 43–44
theory
, 11, 14, 44
Stock exchanges
, 121
Stock prices
, 55, 57
Stock return (SR)
, 28–30, 32
BOC effect on
, 34
BS effect on
, 34
effect of CR on
, 33
DAR effect on
, 34
DER effect on
, 34
FCF effect on
, 34–35
effect of QR on
, 34
Structured or systematic literature study
, 3
Substitution effect
, 109
Suppliers
, 46
Supply chain
, 118
Sustainable development goals (SDGs)
, 88
materials and methods
, 89–91
result
, 91–96
Systematic literature review
, 7
T-Cash
, 42
t-tested value results
, 100
Technical analysis training
, 124
Tetta equity
, 168
Tobin’s Q
, 29–30, 65, 71, 74
Tourism
, 139–140
Traditional or narrative literature study
, 3
Transparency
, 26
Traveloka
, 42
Two-stage Least Square (2SLS)
, 101–102, 104, 106
U-shaped feminization hypothesis
, 90
Uncertainty
, 119
United Nations Development Program (UNDP)
, 69, 91
Value at Risk model (VaR model)
, 166–167
Variance inflation factors (VIF)
, 143
Volatility
, 55
Voluntary disclosures
, 43–44
Vos Viewer
, 8
Women’s empowerment
, 95–96
Women’s life expectancy
, 95
Women’s per capita income (WGP)
, 91
Women’s political representation (WPR)
, 91
Women’s reproductive health
, 94–95
Word risk reporting
, 9
World Bank
, 91
Yahoo Finance
, 104
- Prelims
- Chapter 1: A Bibliometric Analysis on Risk Reporting: A Systematic Literature Review
- Chapter 2: Financial Performance and Corporate Governance: Its Effect on Market Performance
- Chapter 3: Disruptive Innovation Disclosure Practices and Application of Stakeholder Theory
- Chapter 4: The Prospect and Volatility of Stock Prices in Aviation Business
- Chapter 5: Financial Performance and Ownership Structure: Influence on Firm Value Through Leverage
- Chapter 6: Achievement of Sustainable Development Goals in Gender Mainstreaming Through the Gender and Development Perspective
- Chapter 7: Institutional Ownership, Dividend Policy, Debt Policy, and Risk: An Analysis of Simultaneous Equation
- Chapter 8: Investor Behaviour During COVID-19 Pandemic: Do They Herding?
- Chapter 9: CO2 Emissions, Population, Tourism, Oil Consumption, and Corruption: Evidence from ASEAN 5 Developing Countries
- Chapter 10: Capital, Liquidity, Profitability, and Credit Risk Nexus: A Panel VAR Study on Selected Developing Countries
- Chapter 11: VaR Model for Managing Market Risk of Portfolio
- Index