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

S1571-038620210000028001
	Chapter 1: The Impact of Online Market toward Social Welfare on Fourth Industrial Revolution Era: A Case at Bulan Terang Utama Online Market Malang*
		Introduction
		Literature Review
			Social Welfare in Digital Economy
			Industri 4.0 Era
		Methodology
			Data Analysis
			Analysis Method of 3SLS
			Definition of Variable Operations
				Dependent Variable
				Control/Independent Variable
				Dummy PO Variable
		Result and Discussion
			Statistical Result
		Discussion
		Conclusion and Recommendation
		References
S1571-038620210000028002
	Chapter 2: Structural Equation Model on Triple Bottom Line Performance of Large Manufacturing Companies  in Region XII, Philippines
		1. Introduction
			1.2 Research Objective
			1.3 Hypothesis
			1.4 Review of Related Literature
				1.4.1 TBL Performance
				1.4.2 Sustainable Management Practices
				1.4.3 Strategic Orientation
				1.4.4 Organizational Culture
			1.5 Theory Base
			1.6 Research Framework
		2. Method
			2.1 Research Design
			2.2 Research Locale
			2.3 Population and Sample
			2.4 Research Instrument and Data Collection
			2.5 Statistical Treatment
		3. Results and Discussions
			3.1 Significance on the Relationship Between Sustainable Management Practices and TBL Performance
			3.2 Significance on the Relationship between Strategic Orientation and TBL Performance
			3.3 Significance on the Relationship between Organizational Culture and TBL Performance
			3.4 Establishing the Best Fit Model of TBL Performance
				3.4.1 Generated Model 4
		4. Conclusion and Recommendations
			4.2 Recommendations
		References
S1571-038620210000028003
	Chapter 3: Determinants of Students’ Perceptions of the Green University
		Introduction
		Literature Review
			Previous Studies
		Research Method
		Results
		Conclusion
		References
S1571-038620210000028004
	Chapter 4: Analysis on Sources of Inefficiency in the Construction Sector: High Cost of Infrastructure Development in Indonesia
		A. Introduction
		B. Theoretical Review
			Efficiency Measurement
		C. Research Method
			Data
		D. Analysis
		E. Conclusion and Recommendation
			Recommendation
		References
S1571-038620210000028005
	Chapter 5: Can Re-election Strengthen the Relationship Between Local Government Spending and Financial Performance?
		1. Introduction
		2. Literature Review
			Hypothesis Development
		3. Method
		4. Results and Discussion
			The Impact of Local Government Spending on Local Government Financial Performance
			The Impact of Local Government Spending on Financial Performance of Local Government with Political Dynasty
			The Impact of Re-election on Strengthening the Relationship Between Local Government Spending and Local Government Financial Performance
			The Impact of Re-election on Weakening the Relationship Between Local Government Spending and Financial Performance of Local Government with Political Dynasty
			Additional Test
		5. Conclusion
		References
S1571-038620210000028006
	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
		Introduction
		I. Background
		II. Method and Cross-Cutting Interdisplinary Skills Acquired through HCMA
		III. Results Obtained from the Interdisciplinary HCMA Integration
		1. Microeconomic Results of Interdisciplinary Integration Through HCMA
			1.1. Economic Capital Accounts When the HCMA Takes Over From Financial Reporting
				1.1.1. Banking Sector (A Bank with 73,941 Employees)
				1.1.2. An Industry With 188,654 Employees
				1.1.3. A Local Authority with 32,506 Employees
		2. Macroeconomic Outcomes of Interdisciplinary Integration through HCMA
			2.1. Purpose
			2.2. Catastrophic Outlook for the Global Economy Over Which Human Capital Has the Power to Act as a Driving Force
			2.3. Country Loans to Companies to Cope With the Disaster
			2.4. Outlook for Countries’ Human Capital Macroeconomic Impact on the COVID-19 Deficit, and Growth and Competitiveness
			2.5. Countries Dashboard for the Workforce EC Absorbing COVID-19 Deficit, Boosting Employment and Strengthening Employees Well-being
		IV. Theoretical Basis for Improving Traditional Concepts of Capital and ERP
		Conclusion
		References
S1571-038620210000028007
	Chapter 7: A Vulnerability Spillover Index for the Indian Financial System
		I. Literature Review
		II. Data and Methodology
		III. Trends in Vulnerability Indicators
		IV. Ranking of Institutions
			(ii) Ranking by Strength of Spillover
		V. Threshold Estimation
		VI. Conclusion
		References
S1571-038620210000028008
	Chapter 8: Is Inflation Targeting Successful in Emerging Economies?
		1. Introduction
		2. Literature Review
		3. Data and Methodology
		4. Results
		5. Conclusion
		References
S1571-038620210000028009
	Chapter 9: Impact of Economic Policy Uncertainty on FDI Inflows: Evidence from India
		Introduction
		Literature Review
		Data and Methodology
		Results
		Conclusion
		References
S1571-038620210000028010
	Chapter 10: Consumption Life and Satisfaction of Chinese Rural Residents
		1. Introduction
		2. Literature Review
			(2) The Impact of Consumption on Life Satisfaction
			(3) The Impact of Other Factors on Life Satisfaction
		3. Empirical Model, Data Sources and Variables
			(2) Data Sources and Variable Descriptions
		4. Empirical Results and Analysis
			(2) Difference Between High Consumption and Low Consumption of Rural Elderly
			(3) Robustness Test
		5. Conclusions
		References
S1571-038620210000028011
	Chapter 11: The Impact of Institutional Quality on Stock Market Performance in Emerging Economy: Evidence from the ARDL Bound Approach
		1.0. Introduction
		2.0. Literature Review
			2.2. Institutional Quality
			2.3. IQ and Stock Market Performance
			2.4. Other Variables on Stock Market Performance
		3.0. Econometric Methodology and Model
			3.1. Data
		4.0. Estimation Results
			4.2. Autoregressive Distributed Lag
			4.3. Long-run Coefficient Estimation
			4.4. ECM Short-run Dynamic ARDL Estimations
			4.5. Model Stability
			4.6. Causality Test (Granger Causality)
		5. Conclusion and Policy Recommendations
			Policy Recommendations
		References
S1571-038620210000028012
	Chapter 12: Herding Behavior: Evidence from Southeast Asian Stock Markets
		Introduction
		Literature Review
			Herding Behavior
		Research Methods
			Data
		Empirical Results
			Estimates of Herding Behavior in Each Market
			Estimates of Herding Behavior as a Whole Market
		Conclusion
		References
S1571-038620210000028013
	Chapter 13: Private Information from Extreme Price Movements (Empirical Evidences from Southeast Asia Countries)
		Introduction
		Literature Reviews
			Disentangling of Realized Volatility
			Realized Outlyingness-weighted Variation
		Methodology
			Price Discovery Process
			Calculation of the Impact of Private Information on Individual Stocks
			Robustness Statistics and Model
				a. Robust Estimation of Intraday Periodicity
				b. Consistency Factor
		Data
		Result
			Jump Variance Under Macroeconomics’ Announcements
			The Impact of Private Information on Individual Stock Return
		Conclusion
		References
S1571-038620210000028014
	Chapter 14: The Impacts of Divisia Money on MYR/USD Exchange Rate Determination in Malaysia
		1. Introduction
		2. Literature Review
		3. Model Specification and Methodology
		4. Data Description
		5. Results and Discussion
		6. Conclusion
		References
S1571-038620210000028015
	Chapter 15: Modeling Exchange Market Pressure in East Asian Economies
		1. Intoduction
		2. Theory and Related Literatures
		3. Data and Methodology
			3.2 Methodology
			3.3 The Measurement of EMP
		4. Empirical Results
			Malaysia
			Hong Kong
			Indonesia
			Japan
			Korea
			Philippines
			Singapore
			Malaysia
			Hong Kong
			Indonesia
			Japan
			Korea
			Philippines
			Singapore
		5. Conclusion
		References
S1571-038620210000028016
	Chapter 16: The Impact of Equity Historical Market Price on Capital Structure
		Introduction
		Literature Review
		Methods
			Operational Definition and Measurement of Variables
			Hypotheses Testing Model
			H1 and H2 Testing Model
		Results and Discussion
			Results
			Discussion
		Robustness Test
		Conclusion
		References
S1571-038620210000028017
	Chapter 17: Sharia Disclosure, Sharia Supervisory Board and the Moderating Effect of Regulatory Framework: The Impact on Soundness of Islamic Banking
		1. Introduction
		2. Literature Review and Hypothesis Development
			2.2 Sharia Disclosure and Sharia Accounting Standard
			2.3 SSB and Regulation of Sharia Governance
			2.4 Hypotheses Development
				2.4.1 Sharia Disclosure and Soundness of Islamic Bank
				2.4.2 SSB, Sharia Disclosure, and Soundness of Islamic Bank
				2.4.3 SSB, Sharia Disclosure, and Soundness of Islamic Bank in the Different Regulatory Framework
		3. Research Design
			3.2 Research Model Specification
			3.3 Research Variable
		4. Results and Discussion
			4.2 Descriptive Analysis
			4.3 Multivariate Analysis and Discussion
				4.3.1 Sharia Disclosure and Soundness of Islamic Bank
				4.3.2 Sharia Disclosure, SSB Characteristic Strength and Soundness of Islamic Bank
				4.3.3 Moderation Effect of Regulatory Framework
		5. Conclusion
		References
S1571-038620210000028018
	Chapter 18: Implementation of Green Banking and Financial Performance on Commercial Banks in Indonesia
		1. Introduction
		2. Literature Review and Hypothesis Formulation
		3. The Determinants of Bank Profitability
			3.1.2 Capital Adequacy, NPL, Bank Efficiency, Liquidity and Bank Profitability
		3. Research Model
		4. Method
		5. Measurement
		6. Result and Discussion
			6.2. Discussion (Interpretation)
				6.2.1. The Impact of Green Banking Daily Operation on Bank Profitability
				6.2.2.The Impact of GBP on Bank Profitability
				6.2.3. The Impact of Capital Adequacy to Bank Profitability
				6.2.4.The Impact of Bad Debt on Bank Profitability
				6.2.5. The Impact of Bank Efficiency on Bank Profitability
				6.2.6.The Impact of Bank Liquidity on Bank Profitability
		7. Conclusion
		References
S1571-038620210000028019
	Chapter 19: The Implementation of Human Capital Disclosures on the Financial Statements of Local Governments in Indonesia Based on the Institutional Theory
		Introduction
		Institutional Theory: Coercive, Normative, and Mimetic Isomorphism
		The Relationship Between (Normative) Isomorphism and Human Capital Disclosure
		The Relationship between Legal System and Human Capital Disclosure
		Conclusion, Limitations, and Future Research
		References
S1571-038620210000028020
	Chapter 20: Disclosure, Information Asymmetry and the Cost of Equity Capital: Evidence from Indonesia
		1. Introduction
		2. Literature Review and Hypotheses
			2.2. Disclosure and the COEC
			2.3. Disclosure, ASYM, and the COEC
		3. Data and Variable Measurement
			3.2. Variable Measurement
				3.2.1. Dependent Variable: COEC
				3.2.2. Independent Variables
					3.2.2.1. CSR Disclosure.
					3.2.2.2. Intellectual Capital Disclosure.
					3.2.2.3. Enterprise Risk Management Disclosure.
				3.2.3. Mediating Variable: ASYM
				3.2.4. Control Variable
					3.2.4.1. Earnings Quality.
					3.2.4.2. Firm Size (TA).
					3.2.4.3. Leverage (LEV).
					3.2.4.4. Year.
		4. Empirical Analysis
			4.1. The Direct Effect
			4.2. The Indirect Effect
		5. Conclusion
		References
S1571-038620210000028021
	Chapter 21: Financial Technology and Bank Risk: A Cross Country Study
		1. Introduction
		2. Research Methods
		3. Empirical Results
			Regression Results
		4. Conclusion
		References
S1571-038620210000028022
	Chapter 22: The Use of Discretionary Spending as an Opportunistic Motive to Win the Election
		1. Introduction
		2. Literature Review
			2.2 Discretionary Spending and Related Issues
			2.3 Public Choice Theory
			2.4 Political Monitoring to Overcome the Agency Problem
			2.5 Hypothesis Development
				2.5.1 The Effect of Re-election on Discretionary Spending
				2.5.2 The Effect of Political Monitoring on the Discretionary Spending Proportion Ahead of the Election
				2.5.3 The Effect of Incumbent Victory With the Discretionary Spending Proportion
		3 Methodology
			3.2 Methods and data analysis
		4 Results and Discussion
			4.1 Ahead of the Election Period
				4.1.1 Descriptive Statistics (Ahead of the Election Period)
				4.1.2 H1 Testing
				4.1.3 H2 Testing
			4.2 A Year After the Election Period
				4.2.1 Descriptive Statistics (A Year After Election Period)
				4.2.2 H3 Testing
		5 Conclusion
		References
S1571-038620210000028023
	Chapter 23: The Dynamic Impacts of Financial Determinants and Ownership Concentration Toward Firm Survival in Malaysia
		1. Introduction
		2. Theoretical Framework
			2.1. Balance Sheet Decomposition Theory
			2.2. Agency Theory
			2.3. Entrenchment Theory
			2.4. Variables Selection
				2.4.1. Liquidity Ratios
				2.4.2. Profitability Ratios
				2.4.3. Leverage and Solvency Ratios
				2.4.4. Corporate Governance Variables
		3. Methodology
			3.1. Sampling Techniques and Unit of Analysis
			3.2. Data Analysis
			3.3. Proposed Model Equations
		4. Empirical Results
			4.2. Results from CPH Regression (Financial and Ownership Concentration Indicators)
			4.3 Model Validation
		5. Discussion and Conclusion
		References
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	Chapter 24: Heterogeneity of Inflation Expectations: An Analysis Using IESH Data
		1. Introduction
		2. Brief Review of Literature
		3. Data and Descriptive Statistics
		4. Modeling Heterogeneity using Carroll-type Epidemiological Models
		5. Detecting the Presence of Heterogeneity: A Unit-level Analysis
		6. Conclusions
		References
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	Index