Indonesian Capital Market Review最新文献_第8页

Cointegration and Causality between Financial Development and Economic Growth: Evidence from Morocco 金融发展与经济增长的协整与因果关系:来自摩洛哥的证据

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Indonesian Capital Market Review Pub Date : 2014-11-03 DOI: 10.21002/ICMR.V6I1.2983

Abdellatif Chatri, Abdelouahab Maaruf

引用次数: 2

The Determinant Factors of Real Estate Investment Trust (REIT)’s Performance: Evidence from Asian REITs 房地产投资信托基金业绩的决定因素:来自亚洲房地产投资信托基金的证据

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Indonesian Capital Market Review Pub Date : 2014-11-03 DOI: 10.21002/ICMR.V6I1.2987

N. Mohamad, Ilyas Ariefin Bin Zolkifli

{"title":"The Determinant Factors of Real Estate Investment Trust (REIT)’s Performance: Evidence from Asian REITs","authors":"N. Mohamad, Ilyas Ariefin Bin Zolkifli","doi":"10.21002/ICMR.V6I1.2987","DOIUrl":"https://doi.org/10.21002/ICMR.V6I1.2987","url":null,"abstract":"Real Estate Investment Trust (REIT) is one of the asset class investment options that come into view among investors whose searching for an alternative investment. It was considered as less risky as opposed to equities, bond, property, trust fund and others related investments materials with potential for earnings enhancement. REIT is a company or a trust that pools fund from individual investors, acquires and operates income-generating real estate, and distributes the income derived from their own properties as dividends. Securities Commissions (SC) has defined REITs as “property trust fund” or as an investment trust investment vehicle that invests or proposes to invest at least 50% of its total assets in real estate. An investment in real estate may be by way of direct ownership or a shareholding in a single-purpose company whose principal assets comprise real estate (SC, 2005). The development of REITs in Asian began with the introduction of Japan REITs in 2001, and then followed by Singapore, Hong Kong, South Korea, Taiwan, and Malaysia. Likewise, not with standing global economic uncertainties, Asia real estate investment trusts (REITs) were highly sought-after by investors. As according to Professor Graeme Newell in a report by the Asia Pacific Real Estate Association (APREA), most Asia REIT markets achieved higher returns, lower risk and superior risk-adjusted performance than their respective stock markets, especially since the Global Financial Crisis (APREA, 2012). Hence, Asian REITs had become an attractive alternative for global investors thus examining REIT’s performance is the vital factor that investors consider when they allocate capitals for their investments (Yu, The Determinant Factors of Real Estate Investment Trust (REIT)'s Performance: Evidence from Asian REITs","PeriodicalId":40640,"journal":{"name":"Indonesian Capital Market Review","volume":"6 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2014-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68240329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 16

Searching for Determinants of Pay or Not to Pay Cash Dividend in Indonesia 印尼是否支付现金股利的决定因素研究

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Indonesian Capital Market Review Pub Date : 2014-11-03 DOI: 10.21002/ICMR.V6I1.2984

Triasesiarta Nur, Kresnohadi Ariyoto Karnen

{"title":"Searching for Determinants of Pay or Not to Pay Cash Dividend in Indonesia","authors":"Triasesiarta Nur, Kresnohadi Ariyoto Karnen","doi":"10.21002/ICMR.V6I1.2984","DOIUrl":"https://doi.org/10.21002/ICMR.V6I1.2984","url":null,"abstract":"One of the primary subjects of corporate finance is the firm’s dividend policy, which has usually been considered in association with a firm’s financing and investment decisions. The relation amongst these two decisions has arised essential questions: Should companies pay cash dividend? How much should they pay as cash dividend? What are the variables that affect pay or not to pay cash dividend? Researchers have attempted to provide answers to those questions but still, consistent answers remains undiscovered. Lintner (1956) claims that firms target their dividend payout ratio in consequence of current earnings and past dividends, so that firms have stable dividend policies. Miller and Modigliani (1961) on the contrary state that dividend policy is irrelevant to firm value based on rigid assumptions of market perfections, zero transaction costs, and indifferent behaviour of investors. However, Miller and Scholes (1982) argue that in the real world, dividend decision is determined more by high taxes on dividends than capital gains and the imperfections of capital market. This research becomes an alternative research for studies of deteminant of dividend policy, that have been done in several emerging countries. Boanyah et al. (2013) evaluates variables that affect dividend pay out policy for all 10 manufacturing companies listed on Searching for Determinants of Pay or Not to Pay Cash Dividend in Indonesia","PeriodicalId":40640,"journal":{"name":"Indonesian Capital Market Review","volume":"6 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2014-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68239880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

The Impact of Pre-closing Implementation to Price Efficiency in Indonesia Stock Exchange 印尼证券交易所收盘前执行对价格效率的影响

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Indonesian Capital Market Review Pub Date : 2014-11-03 DOI: 10.21002/icmr.v6i1.2986

Gilang Praditiyo

引用次数: 0

Month of the Year and Pre- Holiday Effects In Indonesia and Malaysia Shari’ah Compliance 一年中的月份和假期前的影响，在印度尼西亚和马来西亚的伊斯兰教法遵守

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Indonesian Capital Market Review Pub Date : 2014-11-03 DOI: 10.21002/ICMR.V6I1.2985

H. Malini, M. Jais

引用次数: 3

Performance Measurement Model for the Consumer Industry Listed on Indonesia Stock Exchange: DEA and SFA Approaches 印尼证券交易所上市消费行业绩效评估模型:DEA与SFA方法

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Indonesian Capital Market Review Pub Date : 2014-08-26 DOI: 10.21002/ICMR.V2I1.3658

Teguh Prabowo, Emilyn C. Cabanda

{"title":"Performance Measurement Model for the Consumer Industry Listed on Indonesia Stock Exchange: DEA and SFA Approaches","authors":"Teguh Prabowo, Emilyn C. Cabanda","doi":"10.21002/ICMR.V2I1.3658","DOIUrl":"https://doi.org/10.21002/ICMR.V2I1.3658","url":null,"abstract":"This research attempts to provide performance measurement model for the consumer industry listed on Indonesia Stock Exchange (IDX) by using the data envelopment analysis (DEA) and the stochastic frontier analysis (SFA). There were 36 panel irms analyzed over the period of 2000-2005 or 216 pooled observations. The output variable was total sales and input variables were labor, inventory, ixed assets and capital. Z-variables are age of the irm, size of the irm, market share and time period. Empirical indings reveal that the average technical eficiency (mean TE) for consumer industry was 0.6630. The study indicates the existence of output slacks (output deicits) and input slacks (input wastages) in the consumer industry's operation. The study also shows that the joint effect of four z-variables on the technical ineficiencies of the consumer industry was signiicant although the individual effects of one or more variables might not be statistically signiicant. \");} \u0000// --> activate javascript","PeriodicalId":40640,"journal":{"name":"Indonesian Capital Market Review","volume":"2 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2014-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68238724","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Market Integration and Financial Crisis: New Evidence from Asian Paciic Markets 市场一体化与金融危机:来自亚太市场的新证据

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Indonesian Capital Market Review Pub Date : 2014-08-26 DOI: 10.21002/ICMR.V2I1.3657

A. Atmadja, Yanhui Wu, Wang Juli

引用次数: 1

The Relationship between the Movements of Capital Markets in Developed Economies and Their Emerging Market Counterparts in The Asian Paciic Region 亚太地区发达经济体和新兴市场资本市场变动的关系

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Indonesian Capital Market Review Pub Date : 2014-08-26 DOI: 10.21002/ICMR.V1I2.3651

N. A. Azizan, Zamri Ahmad

引用次数: 1

Financial Transmission Mechanism between Financial Centers and Peripheries 金融中心与周边金融传导机制

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Indonesian Capital Market Review Pub Date : 2014-08-26 DOI: 10.21002/ICMR.V2I1.3656

Yuki Masujima

引用次数: 0

Determinants of Financial Behaviours among Malaysians 马来西亚人金融行为的决定因素

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Indonesian Capital Market Review Pub Date : 2014-08-26 DOI: 10.21002/ICMR.V2I2.3663

Z. Ahmad, Maimun Simun, Md. Shukor Masuod

{"title":"Determinants of Financial Behaviours among Malaysians","authors":"Z. Ahmad, Maimun Simun, Md. Shukor Masuod","doi":"10.21002/ICMR.V2I2.3663","DOIUrl":"https://doi.org/10.21002/ICMR.V2I2.3663","url":null,"abstract":"The importance of inancial literacy in promoting good inancial behaviour has been established in previous studies. Nonetheless, a study that speciically analyses Malaysian or Asian general public is very rare, despite various cases involving bankruptcies, suicides and harassment that result from improper inancial decisions within the region. This study focuses on Malaysians' inancial literacy and inancial behaviour. It is hypothesized that inancial behaviour is signiicantly correlated with inancial literacy. It is also expected that Malaysians' inancial behaviour and inancial literacy vary signiicantly among those from different education and income levels. A quantitative approach was adopted for this study, utilizing questionnaire survey as the main research instrument. Results showed signiicant, positive correlation between inancial literacy and inancial behaviour. Moreover, less educated individuals and lower income earners were found to have lower inancial literacy. This paper provides a discussion on educational programmes that could be conducted in order to enhance the public's inancial literacy and promotes good inancial practices, especially among these groups of individuals. \");} \u0000// --> activate javascript","PeriodicalId":40640,"journal":{"name":"Indonesian Capital Market Review","volume":"2 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2014-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68239016","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 10