Index
Contemporary Issues in Financial Economics: Evidence from Emerging Economies
ISBN: 978-1-80117-839-6, eISBN: 978-1-80117-838-9
ISSN: 0196-3821
Publication date: 23 August 2023
This content is currently only available as a PDF
Citation
(2023), "Index", Biswas, R. and Michaelides, M. (Ed.) Contemporary Issues in Financial Economics: Evidence from Emerging Economies (Research in Finance, Vol. 37), Emerald Publishing Limited, Leeds, pp. 135-139. https://doi.org/10.1108/S0196-382120230000037009
Publisher
:Emerald Publishing Limited
Copyright © 2023 Rita Biswas and Michael Michaelides
INDEX
ABC Bank
, 41, 43, 50
ABC sustainable finance practices
using POJK 51 parameters
, 51–52
using Soppe (2004) parameters
, 48–51
Accrual earnings management
, 99
Additional tests
, 111–113
Agency theory
, 99–100
Agriculture
, 16
Analisis Mengenai Dampak Lingkungan (AMDAL)
, 42–43
Audit committee independence (AIND)
, 6, 9
Augmented Dickey Fuller test (ADF test)
, 85
Awards
, 20
Awareness of rule
, 19
Bank Central Asia (Bank BCA)
, 72
Bank Rakyat Indonesia (Bank BRI)
, 72
Banking sector
, 16–17
Banks
, 23, 29, 64
country-level and firm-level governance quality and sustainability performance
, 27–31
descriptive statistics
, 26–27
literature review and hypothesis development
, 17–23
research methodology
, 23–26
result
, 26–31
robustness test
, 31
sensitivity test
, 31
Bar codes for reporting
, 100
Best Company to Work For
, 121
Bi-directional causality
, 84
Big4 auditors
, 103
Board independence (BIND)
, 6, 9
Board meeting (BMEETINGS)
, 6, 9, 21
Board of directors
, 3
Board size (BSIZE)
, 6, 9, 18
Breusch and Pagan Lagrangian Test
, 24
BUKU
, 66
BUKU 4
, 43
Bureaucratic system
, 19
Business information
, 98
Carbon-free sector
, 17
Cash flows from operations (CFO)
, 105
Centre for Monitoring Indian Economy (CMIE)
, 5
Co-integration test
, 85
Co-integration tests
, 87–89
Collaboration
, 19
Commercial banks
, 43
Companies Act (2013)
, 2–4
Comparison regression
, 30
Control of corruption (CC)
, 19
Corporate governance
, 2
Companies Act (2013)
, 3–4
data and methodology
, 5–9
empirical results
, 9–11
of large corporations
, 102
literature review and objectives of study
, 4–5
mechanisms
, 2, 5
policy implications
, 12
women directors
, 3–4
Corporate social responsibility (CSR)
, 19, 22, 65
Correlation analysis
, 9
Corruption
, 20
Country-level governance (CGGOV)
, 31
Countrylevel governance as determinant of sustainability performance
, 18–20, 22–23
Debt-to-equity ratio (DER)
, 69
Demand following
, 83
Deregulation
, 83
Descriptive analysis
, 108
Descriptive statistics
, 72–73
Developed countries
, 123
Disclosure management solution (DMS)
, 99, 103
Discretionary accruals (DA)
, 103
Discretionary expenditures, reducing
, 105–106
Discretionary expenses (DISCEXP)
, 106
Dividend decisions
, 2
Dividend payouts
, 3
Dividend policy
, 2, 4
Earnings management
, 99–102
ECO
, 84–85
Eco-friendly program
, 46
Economic freedom
, 119
Economic Freedom Index
, 118
Education
, 19
Energy
, 16
Engel–Granger co-integration test
, 88
Environment and social
, 16
Equilibrium error
, 90
Error correction model (ECM)
, 90
Error terms (ET)
, 90
Ethical framework
, 44, 50
Ethics theory
, 43
Exploratory factor analysis (EFA)
, 24
eXtensible Business Reporting Language (XBRL)
, 98, 100–101
design and data
, 104–108
findings and analysis
, 108–113
literature review
, 100–104
Female directors
, 2
on corporate boards
, 3
Financial assistance
, 20
Financial development
, 83
Financial institutions
, 42, 82–84
Financial intermediaries
, 82–83
Financial liberalization
, 82
Financial market
, 82
development in China
, 83
reforms
, 82
Financial MF
, 82
data and methodology
, 85–86
data and sample period
, 86
literature review
, 83–85
stationarity tests
, 86–92
Financial openness
, 84
Financial sector
, 16
Financial Services Authority
, 43
Financial Services Authority Regulation Number
, 43
Financial slack
, 64, 67, 69
on green banking practices
, 74
Financing model
, 40
Firm size (SIZE)
, 106
Firm-level governance (CGFIRM)
, 29, 31
as determinant of sustainability performance
, 20–23
Firm’s dividend policy
, 2
Foreign banks
, 43
Gender diversity
, 6
Global Reporting Initiative (GRI)
, 27, 51
Globalization
, 83, 118
Governance
, 17–18 (see also Corporate governance)
dimensions
, 17
Government effectiveness (GE)
, 19
Green banking
, 64–65
activities
, 66
data and sample
, 70
hypothesis development
, 69–70
literature review and hypothesis development
, 66–70
research method
, 70–72
results and analysis
, 72–75
theoretical framework
, 68
theoretical perspectives
, 67–68
variables
, 70
Green banking disclosure (GBD)
, 66
Green Banking Disclosure Index
, 71
Green bond market
, 41
Gross domestic product (GDP)
, 125
Growth domestic product (GDP)
, 23–24
Hausman Test
, 24, 27, 30
Hedge funds
, 120
Human nature of economic actor
, 44, 49
Hypothesis formulation
, 102–104
Independent boards
, 18, 21
Index of Economic Freedom
, 85
India
, 2–3, 83
Indian Companies Act (2013)
, 2, 12
Indonesia
, 40–41, 64
Indonesia Authority of Financial Services
, 41
Indonesia Regulation POJK 51
, 42–43
Indonesia Stock Exchange (IDX)
, 66
Indonesia Sustainable Finance Initiative
, 41
Indonesian context
, 101–102
Indonesian law
, 65
Information asymmetry
, 82
Institutional ownership
, 4–5, 18
Institutional theory
, 29
Integrated reporting (IR)
, 98
International Finance Corporation (IFC)
, 64
Labor markets
, 118
Labor rights
, 118
changes in
, 123
cross-country differences
, 121–122
data and methodology
, 124–125
empirical results
, 126–131
hypotheses development
, 122–123
negative impact
, 121
positive impact
, 120–121
related literature
, 119–122
Labor Rights Index
, 118
Legitimacy theory
, 66–68
Less developed countries
, 123
Less-developed countries (LDCs)
, 83
Leverage (LEV)
, 6, 106
Liberalization
, 82–83
Liquidity
, 6
Logit model
, 5
Logit regression analysis
, 9–10
Management
, 100
Managers
, 2
Mandelker and Rhee degree of operating leverage (MRDOL)
, 121
Manufacturing
, 16
Market to book ratio (MTB)
, 30, 106–107
Maternity leave
, 123
Media
, 19
Middle Eastern and North African (MENA)
, 119
Millennium development goals (MDG)
, 16
Minimum wage laws
, 123
Mining
, 16
Modified-Jones model
, 104
Monetary stability
, 82
Multinational corporations
, 118
Multivariate analysis
, 108–111
National Aeronautics and Space Administration (NASA)
, 64
National Stock Exchange (NSE)
, 5
New Economic Policy
, 83
New investment funds (NIF)
, 120
Nonexecutive boards
, 18
Openness of democracy
, 19
Ordinary least square (OLS)
, 24
Otoritas Jasa Keuangan (OJK)
, 41
Overproduction, engaging in
, 105
Ownership paradigm
, 44, 49
Ownership structure
, 5, 12
Paid time off (PTO)
, 123
Panel data regression analysis
, 24
Parliament of India
, 2
Partnership and Community Development Programme (PKBL)
, 48
Pearson correlations
, 74
People, planet, and profit concept (3P concept)
, 64
POJK 51
, 41, 43
Political stability (PS)
, 17, 19
Potential slack
, 64, 66, 69
on green banking practices
, 74–75
Pressure-insensitive institutional investors
, 4–5
Pressure-sensitive institutional investors
, 3–4
Private equity
, 120
Private property rights model
, 43–44
Production cost (PROD)
, 106
Propensity
, 12
PT Bank Rakyat Indonesia (BRI)
, 67
Qualitative analysis
, 46
Real earnings management
, 99, 101
Regression models
, 107–108
Regulatory quality (RQ)
, 19
Return on Assets (ROA)
, 6, 30, 106
Robustness test
, 26, 31
Rule of law (RL)
, 19
Sales manipulation
, 105
Securities and Exchange Board of India (SEBI)
, 2
Selling, general administrative (SGA)
, 106
Sensitivity test
, 26, 31
Shareholders
, 100
Signaling theory
, 68
Size of company (SIZE)
, 30
Slack resources
, 66–68, 76
Stakeholders
, 18
theory
, 44, 66–67
State-owned bank
, 42
State-owned enterprises (SOEs)
, 41
Stationarity tests
, 86
causal relationship
, 92
co-integration tests
, 87–89
findings from VECM
, 91–92
results of VECM coefficients estimation
, 91
VECM
, 89–91
Stock market
, 82
Supervisory board
, 20
Supply leading
, 83
Sustainability
, 16, 40
on board effectiveness
, 18
report
, 45, 51
Sustainability performance of economic aspect (SDGE)
, 31
Sustainability performance of environmental aspect (SDGL)
, 31
Sustainability performance of social aspect (SDGS)
, 31
Sustainable development
, 40–42, 48
Sustainable development goals (SDG)
, 18–19
Sustainable finance
, 16, 40, 64
action plan
, 44, 51
analysis of ABC sustainable finance practices using POJK 51 parameters
, 51–52
analysis of ABC Sustainable Finance Practices using Soppe (2004) parameters
, 48–51
economic, social, and environmental context of ABC
, 45–46
implementation challenges
, 52–53
Indonesia Regulation POJK 51 and
, 42–43
in Indonesian context
, 41
principles
, 44
rationales
, 42–46
research method
, 46–47
state-owned bank and
, 42
theoretical perspective
, 43–45
Tax relief
, 20
Technology
, 118
Theory of firm
, 43, 48
Tobin’s Q (TQ)
, 6
Tobit model
, 5
Tobit regression analysis
, 9, 11
Tokenism
, 12
Trade openness
, 84
Unionization
, 121
United Nations (UN)
, 16
United Nations and International Finance Corporation
, 40
Unused debt capacity
, 69, 75
VAR-VECM technique
, 85
Variable measurement
, 104
dependent variable
, 104–106
independent and control variable
, 106–107
Variance Inflation Factor (VIF)
, 9, 27
VBI Financing and Investment Impact Assessment Framework (VBIAF)
, 23
VEC Granger causality test
, 92
Vector Error Correction Model (VECM)
, 89–91
findings from
, 91–92
results of VECM coefficients estimation
, 91
Voice and accountability (VA)
, 19
Wealth funds
, 120
Women directors
, 3–4
World Bank index
, 17
World Governance Index (WGI)
, 17, 19, 24
World Wildlife Fund (WWF)
, 41
- Prelims
- Chapter 1: Corporate Board Gender Diversity and Dividend Decisions: Evidence from India
- Chapter 2: Do Country-Level and Firm-Level Governance Quality Influence Bank Sustainability Performance?
- Chapter 3: Exploring a State-owned Bank's Adoption of Sustainable Finance: Evidence from a Developing Country
- Chapter 4: How Green Is Green Banking? An Analysis of Slack and Green Practices in the Banking Industry
- Chapter 5: Relationship Between Financial Market Freedom and Economic Growth: An Empirical Evidence from India
- Chapter 6: The Effect of eXtensible Business Reporting Language (XBRL) Adoption on Earnings Management: Empirical Evidence from an Emerging Country
- Chapter 7: The Impact of Labor Rights on Equity Market Returns: A Cross-Country Analysis
- Index