CSR Disclosure merupakan suatu bentuk kepeduliaan perusahaan terhadap masyarakat dan lingkungan. Stake holder maupun shareholder akan menilai bahwa sebagai entitas yang selalu peduli masalah sosial Pada level ekonomi mikro, intellectual capital mengacu pada sumber daya berupa nilai tambah bentuknya tidak berwujud bagi organisasi. Intellectual ini bisa berupa: human (misalnya: keterampilan, peng...

One of the tenets of equilibrium asset pricing models is that expected return of an asset is positively related to its risk (price variability of the asset). In other words, it is expected that assets with higher expected returns are also the ones with higher risk, or assets with lower risk are the ones with lower expected returns. The logic behind this idea is actually is simple and intuitive:...

Conventional theory suggests that fiat money will have value in capitalpoor economies. We demonstrate that fiat money may also have value in capital-rich economies, if the price of capital is excessively volatile. Excess asset-price volatility is generated by news ; information that has no social value, but is privately useful in forming forecasts over the short-run return to capital. One advan...

We show how low-frequency boom and bust cycles in asset prices can emerge from Bayesian learning by investors. Investors rationally maximize infinite horizon utility but hold subjective priors about the asset return process that we allow to differ infinitesimally from the rational expectations prior. Bayesian updating of return beliefs then gives rise to self-reinforcing return optimism that re...

This study aims to determine the effect of Return on Equity (X1), Assets (X2), Net Profit Margin (X3), Earning per Share (X4) Pharmaceutical Company Stock Prices for period 2019-2022 with Size as a control variable. research method is descriptive quantitative. The number samples taken many 14 companies purposive sampling method. uses associative methods and multiple linear regression techniques...