Matches in SemOpenAlex for { <https://semopenalex.org/work/W3201412801> ?p ?o ?g. }
Showing items 1 to 100 of
100
with 100 items per page.
- W3201412801 abstract "This study aims to study macro-finance empirical connections within the framework of financial system stability (SSK) in Indonesia through market-based variables namely mispricing on the stock market, distress risk (PoD) of public companies and financial friction. This study uses alpha from the Fama-French 3-Factor Model through a rolling regression estimation to measure the period of mispricing. Distress-risk is measured using the Merton (1974) structural model according to the framework of Campbell, Hilscher and Szilagyi (2008). Meanwhile, financial friction is measured based on the difference between Return on Invested Capital (ROIC) and risk-free interest rates (Hall, 2013). The results of the market-based variables estimation have a significant relationship with the SSK indicator i.e the Financial System Stability Index (ISSK), credit growth and the Credit to GDP gap. In combination, mispricing, PoD and friction show information contributions above 50% of the SKK indicator. These findings indicate an empirical macro-finance connection. The results of robustness check show that distress risk as measured by probability of default firms provides additional information contribution of 18% to 41% on the SSK indicators and credit indicators. This is empirical evidence that shows one macro-finance connection path can be explained through distress risk of public companies." @default.
- W3201412801 created "2021-09-27" @default.
- W3201412801 creator A5001138326 @default.
- W3201412801 creator A5003427925 @default.
- W3201412801 creator A5012325530 @default.
- W3201412801 creator A5052930069 @default.
- W3201412801 creator A5053525747 @default.
- W3201412801 creator A5056819627 @default.
- W3201412801 creator A5086689850 @default.
- W3201412801 date "2018-01-01" @default.
- W3201412801 modified "2023-10-07" @default.
- W3201412801 title "Mispricing And Risk Taking In The Indonesian Stock Market" @default.
- W3201412801 cites W1560849420 @default.
- W3201412801 cites W1933529014 @default.
- W3201412801 cites W1974449776 @default.
- W3201412801 cites W1995834279 @default.
- W3201412801 cites W2093927160 @default.
- W3201412801 cites W2105973145 @default.
- W3201412801 cites W2113305199 @default.
- W3201412801 cites W2123931028 @default.
- W3201412801 cites W2149170345 @default.
- W3201412801 cites W2570834760 @default.
- W3201412801 cites W3122639747 @default.
- W3201412801 cites W3124083041 @default.
- W3201412801 cites W3124534080 @default.
- W3201412801 hasPublicationYear "2018" @default.
- W3201412801 type Work @default.
- W3201412801 sameAs 3201412801 @default.
- W3201412801 citedByCount "0" @default.
- W3201412801 crossrefType "posted-content" @default.
- W3201412801 hasAuthorship W3201412801A5001138326 @default.
- W3201412801 hasAuthorship W3201412801A5003427925 @default.
- W3201412801 hasAuthorship W3201412801A5012325530 @default.
- W3201412801 hasAuthorship W3201412801A5052930069 @default.
- W3201412801 hasAuthorship W3201412801A5053525747 @default.
- W3201412801 hasAuthorship W3201412801A5056819627 @default.
- W3201412801 hasAuthorship W3201412801A5086689850 @default.
- W3201412801 hasConcept C10138342 @default.
- W3201412801 hasConcept C104317684 @default.
- W3201412801 hasConcept C106159729 @default.
- W3201412801 hasConcept C143910263 @default.
- W3201412801 hasConcept C144133560 @default.
- W3201412801 hasConcept C149782125 @default.
- W3201412801 hasConcept C151730666 @default.
- W3201412801 hasConcept C162118730 @default.
- W3201412801 hasConcept C162324750 @default.
- W3201412801 hasConcept C178350159 @default.
- W3201412801 hasConcept C185592680 @default.
- W3201412801 hasConcept C200870193 @default.
- W3201412801 hasConcept C2780299701 @default.
- W3201412801 hasConcept C2780762169 @default.
- W3201412801 hasConcept C55493867 @default.
- W3201412801 hasConcept C63479239 @default.
- W3201412801 hasConcept C73858035 @default.
- W3201412801 hasConcept C86803240 @default.
- W3201412801 hasConceptScore W3201412801C10138342 @default.
- W3201412801 hasConceptScore W3201412801C104317684 @default.
- W3201412801 hasConceptScore W3201412801C106159729 @default.
- W3201412801 hasConceptScore W3201412801C143910263 @default.
- W3201412801 hasConceptScore W3201412801C144133560 @default.
- W3201412801 hasConceptScore W3201412801C149782125 @default.
- W3201412801 hasConceptScore W3201412801C151730666 @default.
- W3201412801 hasConceptScore W3201412801C162118730 @default.
- W3201412801 hasConceptScore W3201412801C162324750 @default.
- W3201412801 hasConceptScore W3201412801C178350159 @default.
- W3201412801 hasConceptScore W3201412801C185592680 @default.
- W3201412801 hasConceptScore W3201412801C200870193 @default.
- W3201412801 hasConceptScore W3201412801C2780299701 @default.
- W3201412801 hasConceptScore W3201412801C2780762169 @default.
- W3201412801 hasConceptScore W3201412801C55493867 @default.
- W3201412801 hasConceptScore W3201412801C63479239 @default.
- W3201412801 hasConceptScore W3201412801C73858035 @default.
- W3201412801 hasConceptScore W3201412801C86803240 @default.
- W3201412801 hasLocation W32014128011 @default.
- W3201412801 hasOpenAccess W3201412801 @default.
- W3201412801 hasPrimaryLocation W32014128011 @default.
- W3201412801 hasRelatedWork W1508873697 @default.
- W3201412801 hasRelatedWork W1668801163 @default.
- W3201412801 hasRelatedWork W2029843874 @default.
- W3201412801 hasRelatedWork W2077862266 @default.
- W3201412801 hasRelatedWork W2090281615 @default.
- W3201412801 hasRelatedWork W2097683804 @default.
- W3201412801 hasRelatedWork W2107389920 @default.
- W3201412801 hasRelatedWork W2114736801 @default.
- W3201412801 hasRelatedWork W2532984585 @default.
- W3201412801 hasRelatedWork W2609571393 @default.
- W3201412801 hasRelatedWork W2611883941 @default.
- W3201412801 hasRelatedWork W2760704626 @default.
- W3201412801 hasRelatedWork W2924702186 @default.
- W3201412801 hasRelatedWork W2937328779 @default.
- W3201412801 hasRelatedWork W3121664129 @default.
- W3201412801 hasRelatedWork W3123638189 @default.
- W3201412801 hasRelatedWork W3125774665 @default.
- W3201412801 hasRelatedWork W3174580985 @default.
- W3201412801 hasRelatedWork W2212866481 @default.
- W3201412801 hasRelatedWork W3106594918 @default.
- W3201412801 isParatext "false" @default.
- W3201412801 isRetracted "false" @default.
- W3201412801 magId "3201412801" @default.
- W3201412801 workType "article" @default.