Search results

1 – 5 of 5
Article
Publication date: 19 May 2021

Wendy Kesuma, Irwan Adi Ekaputra and Dony Abdul Chalid

This paper investigates whether individual investors are attentive to stock splits and whether higher split ratios (stronger private information signals) reduce the…

Abstract

Purpose

This paper investigates whether individual investors are attentive to stock splits and whether higher split ratios (stronger private information signals) reduce the disposition effect.

Design/methodology/approach

This study employs stock split events and transaction data in the Indonesia Stock Exchange (IDX) from January 2004 to December 2017. The authors measure individual investors' attention using buy-initiated trades. To test the effect of split signal on disposition effect, the authors regress individual investors' sell-initiated trades on past stock returns.

Findings

Unlike Birru (2015), the authors find that individual investors are attentive to stock splits, especially when stock split ratios are high. In turn, stock splits tend to weaken the disposition effect. The higher the stock split ratios, the weaker the disposition effect.

Research limitations/implications

This study has a limitation in that the authors exclude all stock splits with dividend events around the split date. These stock splits cover 37% of all splits in Indonesia.

Practical implications

Practically, individual investors should look for stock-related information to reduce disposition bias.

Originality/value

To the best of authors’ knowledge, this study is the first to test individual investors' attention on stock splits based on their buy-initiated trades. This study is also the first to test the impact of stock split ratios on the disposition effect reduction. This study's findings enrich the scant literature on individual investors' attention and how to reduce their disposition effect bias.

Details

Review of Behavioral Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1940-5979

Keywords

Article
Publication date: 18 January 2021

Ami Fitri Utami and Irwan Adi Ekaputra

This paper aims to examine about the nature and strategy of current competitive dynamics by FinTech lending Indonesia players.

Abstract

Purpose

This paper aims to examine about the nature and strategy of current competitive dynamics by FinTech lending Indonesia players.

Design/methodology/approach

This paper uses both primary and secondary data. Interviews of several executives of a FinTech lending firm are done to gain direct insight of how the firms strategize their business operation. On the other hand, secondary data from internet search (e.g., OJK’s Website, FinTech Lending firm’s websites) are used to grasp the overview of the industrial landscape.

Findings

The study confirms that differentiation, collaboration, compliance and strong internal resources (e.g. team and funding) are the most pivotal elements for FinTech lending success. The study also confirmed the FinTech lending industrial landscape as an emerging and fragmented industry.

Research limitations/implications

This paper offers an original and detailed solution about how the FinTech lending company strategies may survive in a dynamic competition. The paper also shows the industrial analysis of the FinTech lending industry, which is rarely discussed in previous research. However, this study only focused on the lending sub-sector of FinTech, and the sample for primary data is highly limited (only three interviews).

Practical implications

This paper proposes a strategy that can be conducted by FinTech lending companies to achieve their business goals, including business growth, profits and improve financial inclusion in Indonesia. This perspective can act as a means to create practical modus operandi for policymakers and practitioners, especially FinTech lending companies in Indonesia.

Originality/value

This paper offers an original and detailed solution about how the FinTech lending company strategies may survive in adynamic competition. This study also provides a theoretical framework for use in further empirical research into the process of resource mobilization from FinTech lending Indonesia companies.

Details

Journal of Science and Technology Policy Management, vol. 12 no. 2
Type: Research Article
ISSN: 2053-4620

Keywords

Article
Publication date: 6 May 2021

Darwin Silalahi, Fiz Firmanzah, Irwan Adi Ekaputra, Riani Rachmawati and Manerep Pasaribu

This paper examines the motivational influence of individuals’ team identification (TID) on their ambidexterity (TA), prosocial impact (TPS), and task performance (TTP) at…

Abstract

Purpose

This paper examines the motivational influence of individuals’ team identification (TID) on their ambidexterity (TA), prosocial impact (TPS), and task performance (TTP) at the team level of analysis, as well as investigates the role of TA in mediating TID’s relationship with both TTP and TPS.

Design/methodology/approach

By using a cross-sectional sample of 102 cross-functional teams with a total of 362 individual members from 22 firms in the customer-facing industries of Indonesia, we analyzed multilevel data and tested hypotheses using aggregated team-level structural equation modeling (SEM).

Findings

This study supports a significant positive relationship between TID and TA. Further, while TA fully mediates the relationship between TID and TTP, TID has a direct influence on TPS.

Practical implications

This study contributes to filling the gaps in empirical evidence pertaining to the role of identity in motivating employees beyond their formal employment contracts. Their immediate leaders play a crucial role in individuals’ daily work lives and affect how they view their social identifications with their team, which subsequently contributes toward the enhancement of people and organizational performances.

Originality/value

Our study offers empirical evidence in support of the identity-enhanced principal-agent model and contributes to the literature on Social Identity Theory with a focus on the individual-group interface. To our knowledge, our study is the first empirical research on the influence of TID on TA, TPT, and TPS across multiple firms in the customer-facing industries.

Details

Journal of Organizational Effectiveness: People and Performance, vol. 8 no. 3
Type: Research Article
ISSN: 2051-6614

Keywords

Article
Publication date: 18 May 2021

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

200

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Firms operating in Indonesia’s FinTech industry face challenges because of the emerging nature of the market and its fragmentation. Strategies based on differentiation, collaboration and internal resources can help companies exploit the significant market opportunities in a highly-regulated industry where compliance is essential.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Details

Strategic Direction, vol. 37 no. 5
Type: Research Article
ISSN: 0258-0543

Keywords

Book part
Publication date: 8 November 2021

Taufik Faturohman, Karina Agri Widjaya and Kurnia Fajar Afgani

Investors have done sin stocks exclusion in the portfolio as negative screening of socially responsible investment. The impact of sin stock exclusion has brought different…

Abstract

Investors have done sin stocks exclusion in the portfolio as negative screening of socially responsible investment. The impact of sin stock exclusion has brought different results for an investment portfolio; therefore, the investment manager fully decided on sin stocks investment. This research observes the relationship between sin stock proportion and fund managers’ education background. An investment manager’s educational background influences both financial performance and socially responsible behavior. Equity funds are chosen since they made up most of the Indonesian investment market. Proportion is used as a calculation of investment managers’ characteristics. The fixed effect model is applied in the panel data regression method. The study finds a significant negative relationship between sin stock proportion in asset allocation and investment managers’ education level. The research contributes to the literature on sin stocks in Indonesia concerning investment managers’ education background and among the first that observe all holdings in financial reports.

Details

Environmental, Social, and Governance Perspectives on Economic Development in Asia
Type: Book
ISBN: 978-1-80117-594-4

Keywords

1 – 5 of 5