Pengaruh Working Capital Turnover, Total Asset Turnover, Asset Growth Dan Sales Growth Terhadap Kinerja Keuangan Perusahaan Consumer Goods Yang Terdaftar Di Bursa Efek Indonesia Selama Tahun 2013-2016

Land Dispute Resolution in the Political Reform at the time of Decentralization in Indonesia

Tulisan ini mengkaji dampak dari tahun-tahun awal reformasi politik, demokratisasi, dan otonomi daerah terhadap masalah agraria. Selama masa Orde Baru, masyarakat setempat tidak dilibatkan dalam hal kepemilikan/pengelolaan sumber daya tanah. Sengketa tanah berkembang menjadi isu politik di banyak daerah di Indonesia. Data yang disajikan dalam tulisan ini berasal dari Sumatra Selatan, salah satu...

Managing Customer Services: Human Resource Practices, Turnover, And Sales Growth

How Bank Liquidity and Capital Affect Asset Sales?

I examine how bank liquidity and capital affect banks’ behavior in asset sales using data on sales of bank owned real estate. I find that: (1) banks with lower liquidity levels post lower asking prices and receive lower sale prices; (2) banks with lower capital levels post higher asking prices, which then lead to longer time on the market. Further analyses show that the results are unlikely to ...

Technological Growth and Asset Pricing

In this paper we study the implications of general-purpose technological growth for asset prices. The model features two types of shocks: “small”, frequent, and disembodied shocks to productivity and “large” technological innovations, which are embodied into new vintages of the capital stock. While the former affect the economy on impact, the latter affect the economy with lags, since firms nee...

Dissecting the Asset Growth Anomaly

Studies have shown that firm asset growth predicts cross-sectional stock returns. Firms that shrink their assets earn superior returns while firms that substantially expand their assets incur poor returns in the following years. I show that the negative asset growth often implies poor operating performance and a high probability subsequently to be delisted from the exchanges and that the high a...