Index
Quantitative Analysis of Social and Financial Market Development
ISBN: 978-1-80117-921-8, eISBN: 978-1-80117-920-1
ISSN: 1571-0386
Publication date: 3 October 2022
This content is currently only available as a PDF
Citation
(2022), "Index", Barnett, W.A. and Sergi, B.S. (Ed.) Quantitative Analysis of Social and Financial Market Development (International Symposia in Economic Theory and Econometrics, Vol. 30), Emerald Publishing Limited, Leeds, pp. 157-164. https://doi.org/10.1108/S1571-038620220000030012
Publisher
:Emerald Publishing Limited
Copyright © 2022 William A. Barnett and Bruno S. Sergi
INDEX
Note: Page numbers followed by “n” indicate notes.
Abnormal return
, 50–52
Academics
knowledge sharing activities among
, 111–112
motivation for knowledge sharing among
, 114–115
obstacles of knowledge sharing activities among
, 115
use of technology in knowledge sharing activities among
, 112–114
Accrual-based earnings management
, 2
Active diffusion of innovations
, 137
Agency cost theory
, 121, 122
Agency theory
, 2–3
Arbitrage pricing theory model (APT model)
, 50
Arrow–Romer model
, 138
ASEAN countries
, 18, 26
ASEAN-4
ERV of ASEAN-4 currencies vis-á-vis Malaysia Ringgit
, 20, 22
tourist arrivals from ASEAN-4 to Malaysia
, 19, 27, 29
Asosiasi Penyelenggara Jasa Internet Indonesia (APJII)
, 62
Asset Purchase Program
, 37
Asset tangibility
, 123–124
Assumption test
, 127–128
Audit quality (AQ)
, 2, 9
Augmented Dickey–Fuller test (ADF test)
, 38, 41, 51
Autoregressive Distributed Lagged model (ARDL model)
, 27
Bounds test
, 28–29
Average Variance Extracted (AVE)
, 72–73
Azzi–Ehrenberg model
, 146–147
Bank of Japan (BOJ)
, 36–37
non-traditional monetary policy
, 37–38
Banking system
, 136
Behavioral finance theory
, 48
Board of directors (BOD)
, 2, 8–9
and REM
, 4
Book leverage (BL)
, 122, 128–129
Bound cointegration test
, 29
Bounded rationality
, 2
BRIC countries
, 49
Capability
, 122
Capital market
, 48–50, 53–55
Capital structure
, 121
agency cost theory
, 122
assumption test
, 127–128
constructed during Covid-19 pandemic
, 121
data
, 124
dependent variables
, 124–125
effects of Covid-19 pandemic
, 124
Hausman test
, 126–127
hypotheses testing
, 128
independent variables
, 125
Lagrange multiple test
, 126
literature review and hypothesis development
, 121
model construction
, 125
pecking order theory
, 122
principles in financial management decisions
, 120–121
proxies
, 122–123
random effects regression results for model
, 128–131
research methodology
, 124
results
, 125
testing and model selection
, 125
theories
, 121
trade-off theory
, 121
Chaebol
, 90
China Household Income Survey
, 145
Chinese rural elderly people
, 144
data
, 147–148
empirical model
, 148–151
literature review
, 144–145
research design
, 146–147
results
, 151–153
Chow test
, 126
Codified knowledge
, 108
Coefficient of determination (R2)
, 74, 128
Coefficient significant level
, 75–76
Cointegration test
, 38–39, 42
Cointegration vector test
, 39–41, 42–43
Collinearity
, 74
Commercial Paper (CP)
, 37
Community
, 86
Composite reliability
, 72–73
Consumer behaviors
, 120
Consumer openness
, 63
Consumer price index (CPI)
, 25
Control methods
, 136
Control variables
, 10, 149
Coronavirus disease 2019 (COVID-19)
, 48
COVID-19 impact in sectoral index
, 56–57
impact of COVID-19-related events in Indonesia
, 48
data samples
, 50–51
efficiency market hypothesis
, 51–52
empirical result and analysis
, 53
event study
, 52–53
literature review
, 48–50
random walk test in JCI
, 53–54
research model
, 51
samples, variables, and models
, 50
variables
, 51
Corporate debt tax shield
, 124
Corporate social responsibility (CSR)
, 86, 91
Cost-benefit analysis
, 99
Covered interest parity condition (CIP condition)
, 36
Covid-19
, 120
pandemic effects on capital structure
, 124
Credit risk model
, 36
Crisis
, 140
Cronbach’s alpha
, 72–73
Cross-currency basis swap market
, 36
Cumulative abnormal return value (CAR value)
, 52
Cumulative distribution function
, 149
Customer satisfaction
, 63–64
and Delone McLean information system success model
, 65
information quality influences
, 71
Customers
, 86
Data collection process
, 109
Data literacy
, 104
Debt-to-equity ratio (DER)
, 122–123, 128, 130–131
Delone McLean information system success model
, 65
Dependent variables (DVs)
, 28
Descriptive statistics of variables
, 93–94
Development
of hybrid technical system
, 137–138
of innovative technologies
, 138
of production
, 137
of world economy
, 136
Dickey–Fuller test (DF test)
, 51
Diffusion of innovations
, 136–137, 140
Discretionary costs
, 2
Discriminant validity
, 72, 73–74
Dynamic OLS method
, 39
E-wallet
, 62–63, 64
analysis of structural model
, 74–76
customer satisfaction
, 63–64
customer satisfaction and Delone McLean information system success model
, 65–66
data analysis and findings
, 72
data collection
, 69
data processing
, 69
hypothesis testing
, 77–79
literature review
, 64
mediation analysis
, 76
methodology
, 66
model measurement
, 72–74
previous research
, 66, 67–68
proposed model and hypothesis
, 69–72
sampling instrumentation
, 66–69
service providers
, 62
trust
, 64–65
users
, 63
Earnings management
, 2, 7
Economic depression
, 136
Economic profit
, 139
effect size (f2)
, 74
Effectiveness
, 139
Efficiency market hypothesis
, 48, 51–52
Employees
, 86
Enterprises experience
, 136
Environmental, social, and governance performance activities (ESG activities)
, 86–88
performance as mediation of firm performance and firm value
, 91–92
relationship of ESG activity and firm’s value
, 90–91
relationship of firm performance and
, 89–90
Environmental performance
, 89
Error correction model
, 29
Ethical investment
, 50
Event study
, 52–53
Exchange rate
, 22
Exchange rate volatility (ERV)
, 18
ARDL model
, 27–28
data
, 26
empirical review
, 23–25
literature review
, 21
methodology
, 25
model specification
, 26–27
results
, 28–30
selection of variables
, 25–26
theoretical review
, 21–23
in tourism demand
, 18–19
tourist arrivals and
, 19–21
Exchange Traded Funds (ETFs)
, 37
Explanatory variables
, 149
Explicit knowledge
, 110
Extrinsic rewards
, 107
F-test
, 28, 126, 128
Family
, 146
chaebol
, 90
firms
, 89
involvement in religious activities
, 144
religious utility function
, 147
Financial crisis in Asian-Russian country
, 48
Financial management decisions
, 120
Financial performance
, 86, 98
descriptive statistics of variables
, 93–94
empirical results
, 93
ESG and stakeholder theory
, 87
ESG performance
, 86–87
ESG performance as mediation of firm performance and firm value
, 91–92
management
, 87–88
regression result
, 94–99
relationship of ESG activity and firm’s value
, 90–91
relationship of firm performance and ESG activity
, 89–90
research methods
, 92–93
theoretical framework and hypothesis development
, 87
Financial Stability Board
, 62
Financial statements
, 5
Financial technology (fintech)
, 62
Financial theory
, 124
Firm
ESG performance as mediation of firm performance and firm value
, 91–92
ESG’s components on firm value
, 99
performance on ESG’s components
, 98
relationship of ESG activity and firm’s value
, 90–91
relationship of firm performance and ESG activity
, 89–90
size of
, 123
Fixed capital generation model
, 136
Fornell–Larcker criterion
, 74
Fourth Industrial Revolution (4IR)
, 103
Generalized Autoregressive Conditional Heteroskedasticity (GARCH)
, 19
Generalized least squares method, (GLS method)
, 126, 127
Global COVID-19 pandemic
, 49
Global economic downturn (2008–2009)
, 49
Global supply chains
, 120
Good corporate governance
, 2, 4, 87
Governance
, 87
Government
, 63, 86
Group factors
, 107
Growth and capital structure
, 123
Happiness
, 144, 149
Hausman test
, 126–127
Heterotrait–Monotrait ratio (HTMT)
, 74
Higher education
, 104
impact on knowledge sharing activities in
, 104
knowledge sharing activities in
, 107–108
Hotel
Covid-19 pandemic in case of Indonesia
, 131
IDX in
, 121
Human life
, 104
Human literacy
, 104
Human resource management
, 137
Human resources (HR)
, 104
Hybrid technical system
, 139–140
Hybrid technologies
, 137–138
Hypothesis testing
, 77–79, 128
Income
, 25, 29
Independent variable (IV)
, 28
Individual factors
, 107
Individual variable
, 148
Indonesia rupiah
, 20
Indonesia Stock Exchange (IDX)
, 121
Indonesian capital market
, 48, 50, 52
Indonesian rupiah per ringgit (IDR/RM)
, 18
Indonesian Stock Market
, 86
Information
, 3
Information and communication technology (ICT)
, 103–104
Information asymmetry (IA)
, 2, 9
and REM
, 5
Information quality
, 71, 77–79
Information technology
, 63
Initial study of knowledge sharing policies
availability of Bureau promotes
, 111
conceptual and empirical studies on knowledge sharing
, 104–107
data analysis
, 109
dominant type of knowledge
, 110–111
importance of knowledge sharing activities among academics
, 111–112, 114
knowledge sharing activities in higher education
, 104
knowledge sharing activities in higher education
, 107–108
literature review
, 104
motivation for knowledge sharing among academics
, 114–115
obstacles of knowledge sharing activities among academics
, 115
organizational strategies and policies to support knowledge sharing activities
, 111, 113
research informants
, 109–110
research method
, 108–109
use of technology in knowledge sharing activities among academics
, 112–114
willingness to share knowledge among lecturers
, 111–112
Innovations
, 136, 139
Insiders
, 86
Institutional ownership (IO)
, 2
and REM
, 4–5
Institutional ownership (IO)
, 9
Institutional-based trust
, 64, 65
Internal consistency reliability
, 72–73
International tourism
, 25
International tourists
, 23
International trade, ERV impact on
, 21
Interpersonal-based trust
, 64
Investors
, 86, 90
Iraq war (2004)
, 48
Irrelevance theory of capital structure
, 121
Jakarta Composite Index (JCI)
, 48–49, 50
event study analysis of nine sectoral indices
, 55–58
JKSE composite index event study analysis
, 54–55
random walk test in
, 53–54
Jakarta Stock Industry Classification (JASICA)
, 55
Japan Bond Trading
, 38
Japanese Government Bonds (JGBs)
, 36–37
JKSE composite index event study analysis
, 51, 54–55
“Kartu Prakerja” [community assistance program]
, 63
Knowledge
, 104
Knowledge distribution
methods
, 136–138
results
, 138–140
Knowledge sharing activities
availability of Bureau promotes
, 111
conceptual and empirical studies on knowledge sharing
, 104–107
data analysis
, 109
dominant type of knowledge
, 110–111
in higher education
, 104
importance of knowledge sharing activities among academics
, 111–112, 114
knowledge sharing activities in higher education
, 107–108
literature review
, 104
motivation for knowledge sharing among academics
, 114–115
obstacles of knowledge sharing activities among academics
, 115
organizational strategies and policies to support
, 111, 113
research informants
, 109–110
research method
, 108–109
use of technology in knowledge sharing activities among academics
, 112–114
willingness to share knowledge among lecturers
, 111–112
Kwiatkowski–Phillips–Schmidt–Shin test (KPSS test)
, 38, 41–42
Labor market
, 138
Lagrange multiple test
, 126
Lecturers, willingness to share knowledge among
, 111
Legal enforcement
, 90
Leverage (LEV)
, 2, 122–123
Life satisfaction
, 144
Logits distribution in regression model
, 149
Long-term basis swap market
, 36
Long-term sustainability, strategy for
, 87
Macroeconomic theory
, 136
Malaysia
exchange rates of ASEAN-4 currencies vis-á-vis Malaysia ringgit
, 21–22
Ringgit
, 20
tourism demand models for
, 19
tourist arrivals from
, 24
tourist markets for
, 18
Malaysia Tourism Board
, 18
Management
, 2
Market efficiency test
, 51
Mediation analysis
, 76
Mexican tequila crisis (1994)
, 48
Ministry of Communication and Information Technology
, 62
Mobile ecosystem
, 66
Modified Delone and McLean model
, 66
Modigliani–Miller theorem
, 121
Monetary crisis (2005)
, 49
Monetary policies
, 37
Motivation for knowledge sharing
, 114–115
Multicollinearity
, 127
Multivariate conditional volatility regression model
, 24
National Medium-term Development Plan
, 120
National Non-Cash Movement
, 63
Negative interest rate
, 36–37
“Negative interest rate policy”
, 37, 38, 43
Net equity (NE)
, 122, 128–130
New rural cooperative medical system (NCMS)
, 145
New York Stock Exchange
, 49
“911” attack
, 48
Non debt tax shield
, 124
Non-financial reporting
, 86
Non-parametric tests
, 52
Non-traditional monetary policy regimes
BOJ’s non-traditional monetary policy
, 37–38
cointegration test
, 38–39, 42
cointegration vector test
, 39–41, 42–43
data
, 38
methodology
, 38
results
, 41
unit root test
, 38, 41
Normality
, 127
Null hypothesis
, 38
Operating cash flow
, 2
Order Logit model
, 148–149, 152
Ordinary least squares (OLS)
, 39
macroeconomic model
, 136
Organizational factors
, 107
Organizational strategies
, 111
Outer loadings
, 72
Outsiders
, 86
Overlapping generations of technology
, 136
Panel data estimation model
, 125–126
Parametric tests
, 52
Partial Least Square Structural Equation Model method (PLS–SEM method)
, 66
Path coefficient
, 75
Payment method
, 62
Pecking order theory (POT)
, 121, 122
Personal characteristics
, 107
Personality-based trust
, 64
Personnel training
, 140
Philippine Peso per ringgit (PHL/RM)
, 18
Philippines peso
, 20
Phillips–Perron tests (PP tests)
, 51
Policies to support knowledge sharing
, 111, 113
Political connections (POLCONs)
, 2, 4
Predictive relevance (Q2)
, 74
Private universities
, 109
Production costs
, 2
Profit
, 2
Profitability
, 123
Propensity Score Matching (PSM)
, 151, 153
Public Accounting Firm
, 5–6
Purposive sampling method
, 108
Quantitative and qualitative easing policy
, 37, 38
Questionnaire
, 69, 147
design
, 70
Quick Response Code Indonesian Standard (QRIS)
, 62
Random walk test in JCI
, 53–54
Real earnings management (REM)
, 2, 3–4, 7–8
agency theory
, 2–3
AQ and REM
, 5
audit quality
, 9
Board of Directors
, 8–9
BOD and
, 4
control variables
, 10
IA and REM
, 5
information asymmetry
, 9
institutional ownership
, 9
IO and
, 4–5
measurement of variables
, 7
POLCON and
, 4
political connection
, 8
related party transactions
, 8
research methods
, 6
research result
, 10–12
RPTs and
, 3
theoretical framework and hypotheses development
, 2
Regression of variables
, 97
Regulators
, 86
Related party transactions (RPTs)
, 2, 3, 8
Relative price of tourism
, 25
Religious beliefs in China
, 144–145
Religious economics
, 144, 146
“Religious fever”
, 144–146, 154n1
“Religious human capital” factor
, 146
Rencana Pembangunan Jangka Menengah Nasional (RPJMN)
, 120
Reputation
, 91
Research informants
, 109–110
Restaurant
Covid-19 pandemic in case of Indonesia
, 131
IDX in
, 121
Indonesia
, 121
Return on equity (ROE)
, 89
“Revitalization”
, 136
Ringgit Malaysia
, 20
Risk-averse tourist
, 23
Rural elderly
happiness of
, 151–152
life satisfaction of
, 149
religious beliefs of
, 145
self-selection between religion and happiness
, 151
Rural informal social security organization
, 144
Sample multi-stage systematic probability profiling sampling
, 147
Sampling
, 109
Satisfaction of life
, 149
Self-development of company
, 137–138
Self-efficacy
, 107
Service quality
, 78–79
Shareholder
, 86, 87–88
Shariah-compliant investments
, 50
Singapore dollar per ringgit (S$/RM)
, 18
Size of firm
, 123
Social networks
, 107
Social performance
, 89
Spillover effects of money market
, 36
Stakeholder theory
, 86–87, 89–90, 99
Stakeholders
, 88
Stock price movements
, 50
Strategies to support knowledge sharing
, 111, 113
Structural assurance
, 65, 71–72, 78–79
Structural model
analysis
, 74–76
path coefficients
, 74
Sustainability
, 88
System quality
, 65, 69–70, 77, 79
t-test
, 52, 128
Tacit knowledge
, 110
Task characteristics
, 72
Tax shield
, 124
Technology
, 63
in knowledge sharing activities
, 112–114
literacy
, 104
overlapping generations of
, 136
Thai Baht
, 20
Thai Baht per ringgit
, 18
Theory of Reasoned Action (TRA)
, 107
Time frame
, 50
Tourism
, 18, 120
Covid-19 pandemic in case of Indonesia
, 131
demand
, 25
IDX in
, 121
Tourist arrivals
, 25
and ERV
, 19–21
Trade theory
, 22
Trade-off theory (TOT)
, 121
Transparency
, 90
Travel & Tourism Competitiveness Index
, 120
Traveling cost
, 25
Trust
, 64–65, 76, 77, 79, 81
Two-way causality
, 145
Unit root test
, 38, 41
Unrestricted Error Correction Model (UECM)
, 27
US stock market
, 49
User satisfaction
, 66
Variable(s)
descriptive statistics of
, 93–94
regression of
, 97
selection
, 25–26
Vector auto-regression (VAR)
, 27
VIF value
, 74, 128
Volatility in exchange rate
, 23
Wald test
, 28
Willingness to share knowledge among lecturers
, 111–112
Work agreement
, 2
World Economic Forum
, 120
World Health Organization
, 120
Yield curve control policy (YCC policy)
, 37
Zero interest rate policy (ZIRP)
, 37
- Prelims
- Chapter 1: Effect of Related Party Transaction and Political Connection on Real Earnings Management: Study on Manufacturing Companies Listed in Indonesia Stock Exchange
- Chapter 2: Exchange Rate Volatility and Tourist Arrivals from Asean to Malaysia
- Chapter 3: The Impact of Long-term Cross-currency Basis Swap on Japanese Government Bonds: Analysis of Different Non-traditional Monetary Policy Regimes
- Chapter 4: The Impact of COVID-19-related Events on Indonesian Composite and Sectoral Index
- Chapter 5: Customer Satisfaction of E-wallet User: An Adoption of Information System Success Model
- Chapter 6: Stable Financial Performance as the Antecedent of ESG Activity and Firm Value Relationship: An Evidence from Indonesia
- Chapter 7: An Initial Study of Knowledge Sharing Policies in Higher Education
- Chapter 8: An Empirical Analysis of Firm-specific Determinants of Capital Structure Before and During COVID-19 Pandemic: Evidence from Listed Hotels, Restaurants, and Tourism Entities on the Indonesia Stock Exchange
- Chapter 9: Modern Concepts of Distribution of Knowledge and Their Influence on the Process of Diffusion of Innovations on Macro- and Microlevels of Economy
- Chapter 10: Are Unhappy People More Likely to be Religious? Evidence from Chinese Rural Elderly
- Index