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The Effect Of Family Ownership And Control On Dividend Policy Of Publicly Listed Firms In Indonesia And Malaysia, Laras Ayu, Viverita Viverita
The Effect Of Family Ownership And Control On Dividend Policy Of Publicly Listed Firms In Indonesia And Malaysia, Laras Ayu, Viverita Viverita
The Indonesian Capital Market Review
The purpose of this study is to determine the influence of family ownership and family control ona firm’s dividend policy of publicly listed firms in Indonesia and Malaysia. This study applied thegeneralized least square panel data over 2003-2016 and considering the period of global financialcrisis 2008-2010. The results show that a firm with a higher percentage of family ownership paysmore dividend compared to non-family firms. The same effect applies to the percentage of familycontrol. In contrast, we found that higher debt levels will reduce the dividend payment. These findingsindicate that dividend distribution can be used as a policy to lessen …
Systemically Important Banks In Indonesia: Findings From Multivariate Garch Conditional Value At Risk, Usman Arief, Zäafri Ananto Husodo
Systemically Important Banks In Indonesia: Findings From Multivariate Garch Conditional Value At Risk, Usman Arief, Zäafri Ananto Husodo
The Indonesian Capital Market Review
We investigate the systemically important banks in the Indonesian financial system usingMultivariate GARCH Conditional Value at Risk (CoVaR). The systemic risk measurement, ΔCoVaR,defined as the change from CoVaR in its benchmark state as a one-standard-deviation event to itsCoVaR under financial distress. We estimate the systemic risk contribution using 21 commercialbanks from January 2007 to December 2018. Our study reveals that the top five ranking systemicbanks are dominated by state-owned banks, and its ranking is consistently the same in the periodbefore, during, and after the global financial crisis. Finally, we empirically find that systemic riskin Indonesia is strongly affected by external …