Purpose -The purpose of this study was to analyze the effect of Bank Age, Loan to Assets Ratio (LAR), Net Interest Margin (NIM), and non-interest margin (Non NIM) on bank efficiency, especially in ASEAN-5 countries (Indonesia, Singapore, Thailand, Malaysia and Philippines). In this research, bank size was used as a control variable. Design/methodology/approach -The sample of the research was taken form general banking entities listed in each country over the period of 2014-2018. Purposive sampling method was used to select 58 banks as the sample population. We use two-stage methodology in this research by using Data Envelopment Analysis (DEA) to calculate bank efficiency and Multiple Regression Analysis (MRA). Findings-The result showed that capitalization and bank age had a negative significant effect on bank efficiency, while the variable of Loan to Asset Ratio (LAR), Net Interest Margin (NIM) and No-NIM had a positive significant effect on bank efficiency. Originality/value -The measurement of bank efficiency was conducted by utilizing DEA in this study to examine the bank efficiency in ASEAN 5.
Various studies have been carried out in relation to the behavior of dual listing stock prices, unfortunately, study on the effects of changes in dual listing stock prices on the Indonesia Stock Exchange (IDX) is still limited. Differences in trading time and stock exchange class between one stock exchange with another in different countries raise an opportunity for the accumulation of information when one of the exchanges is experiencing a closing trading period. Indonesian companies such as PT. Telekomunikasi Indonesia (Persero) Tbk. (TLKM) whose shares are listed on the New York Stock Exchange (NYSE) and IDX experience the difference in time of their transaction which can affect the shares on the NYSE and on the IDX. This study conducted by using daily data from January 2018 to December 2018. This study found that there is a significant effect of changes in TLKM stock prices on the NYSE in (t-1) period to changes in TLKM stock prices on IDX in t-period. This finding proves that there was the existence of transmission of information between the stock exchanges utilized by investors.
The purpose of this study is to analyze the influence of capitalization, bank size, bank age, and loan to asset ratio (LAR) to bank efficiency in ASEAN-5 countries (Singapore, Indonesia, Thailand, Malaysia, and the Philippines). Net interest margin (NIM) and non-net interest income (Non-NIM) were used as control variables. There was a total of 58 banks used as a sample using a purposive sampling technique. There were two stages of the analytical method used: data envelopment analysis (DEA) approach – to provide estimates of bank efficiency, and multiple regression linear – consists of the statistical F-test and t-test, coefficient of determination (R2) test and the classic assumption test. The results show that capitalization and bank age affect bank efficiency negatively, while bank size and LAR affect bank efficiency positively. The banks are suggested to consider optimizing their capital to continue to operate efficiently, increase their assets to be more efficient, the older banks are expected to be able to adjust to technological developments, and the banks are also expected to increase the amount of credit by monitoring its quality to be efficient.
This research aims to analyze the influence of corporate social responsibility (CSR) disclosure, leverage, and ownership structure – consisting of institutional ownership, managerial ownership and concentrated ownership – on cost of equity with book-to-market ratio and firm size as control variables. The population was non-financial public companies listed in ASEAN. There was a total of 76 companies obtained using a purposive sampling technique. The data was analyzed using the multiple regression technique. The results show that the data is normally distributed and has met the requirements for using the multiple linear regression models. The findings indicate that the CSR and leverage have a positive and significant influence on cost of equity. Similarly, the institutional ownership also has a positive and significant influence on cost of equity. However, the managerial ownership and concentrated ownership have a negative and significant influence on cost of equity. Meanwhile, the book-to-market ratio has a negative and significant influence on cost of equity. In contrast, the firm size has a positive and significant influence on cost of equity.
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