Fundamental Role of Macro and Microeconomics to Profitability and the Implications on Stock Return: Evidence from Banking Companies on the Indonesia Stock Exchange
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Tassey, Gregory, 2000. "Standardization in technology-based markets," Research Policy, Elsevier, vol. 29(4-5), pages 587-602, April.
- Paul André & Anne Cazavan-Jeny & Wolfgang Dick & Chrystelle Richard & Peter Walton, 2009. "Fair Value Accounting and the Banking Crisis in 2008: Shooting the Messenger," Accounting in Europe, Taylor & Francis Journals, vol. 6(1), pages 3-24, June.
- Dimitrios, Anastasiou & Helen, Louri & Mike, Tsionas, 2016. "Determinants of non-performing loans: Evidence from Euro-area countries," Finance Research Letters, Elsevier, vol. 18(C), pages 116-119.
- Jappelli, Tullio & Padula, Mario, 2015.
"Investment in financial literacy, social security, and portfolio choice,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 14(4), pages 369-411, October.
- Tullio Jappelli & Mario Padula, 2013. "Investment in Financial Literacy, Social Security and Portfolio Choice," CSEF Working Papers 330, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Jappelli, Tullio & Padula, Mario, 2013. "Investment in financial literacy, social security and portfolio choice," CFS Working Paper Series 2013/12, Center for Financial Studies (CFS).
- Viral V. Acharya & Stephen G. Ryan, 2016. "Banks’ Financial Reporting and Financial System Stability," Journal of Accounting Research, Wiley Blackwell, vol. 54(2), pages 277-340, May.
- repec:dau:papers:123456789/5008 is not listed on IDEAS
- Svetozar Tanasković & Maja Jandrić, 2015. "Macroeconomic and Institutional Determinants of Non-performing Loans," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 4(1), pages 47-62.
- Arun Sundararajan, 2004. "Managing Digital Piracy: Pricing and Protection," Information Systems Research, INFORMS, vol. 15(3), pages 287-308, September.
- Olayinka Akinlo & Mofoluwaso Emmanuel, 2014. "Determinants Of Non-Performing Loans In Nigeria," Accounting & Taxation, The Institute for Business and Finance Research, vol. 6(2), pages 21-28.
- Beck, Roland & Jakubik, Petr & Piloiu, Anamaria, 2013. "Non-performing loans: what matters in addition to the economic cycle?," Working Paper Series 1515, European Central Bank.
- Duh, Rong-Ruey & Hsu, Audrey Wen-hsin & Alves, Paulo Alexandre Pimenta, 2012. "The impact of IAS 39 on the risk-relevance of earnings volatility: Evidence from foreign banks cross-listed in the USA," Journal of Contemporary Accounting and Economics, Elsevier, vol. 8(1), pages 23-38.
- Ahlem Selma Messai & Fathi Jouini, 2013. "Micro and Macro Determinants of Non-performing Loan," International Journal of Economics and Financial Issues, Econjournals, vol. 3(4), pages 852-860.
- Lumpkin, G. T. & Dess, Gregory G., 2001. "Linking two dimensions of entrepreneurial orientation to firm performance: The moderating role of environment and industry life cycle," Journal of Business Venturing, Elsevier, vol. 16(5), pages 429-451, September.
- Irum Saba & Rehana Kouser & Muhammad Azeem, 2012. "Determinants of Non Performing Loans: Case of US Banking Sector," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(44), pages 125-136, June.
- Ibrahim El-Sayed Ebaid, 2009. "The impact of capital-structure choice on firm performance: empirical evidence from Egypt," Journal of Risk Finance, Emerald Group Publishing, vol. 10(5), pages 477-487, November.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Dr. Yanuar Dananjaya, 2023. "Profitability Premium in Indonesia Stock Market," International Journal of Science and Business, IJSAB International, vol. 18(1), pages 73-79.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Nurfilzah Arham & Mohd Shamlie Salisi & Rozita Uji Mohammed & Jasman Tuyon, 2020. "Impact of macroeconomic cyclical indicators and country governance on bank non-performing loans in Emerging Asia," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(4), pages 707-726, December.
- Albulena Shala & Valentin Toçi & Arben Mustafa, 2022. "Macroeconomic, Structural, and Bank-specific Determinants of Non-performing Loans in Central and Eastern Europe," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(5), pages 411-429, May.
- Pallavi Chavan & Leonardo Gambacorta, 2016.
"Bank lending and loan quality: the case of India,"
BIS Working Papers
595, Bank for International Settlements.
- Pallavi Chavan & Leonardo Gambacorta, 2016. "Bank Lending and Loan Quality: The Case of India," Working Papers id:11521, eSocialSciences.
- Pami Dua & Hema Kapur, 2017. "Macro Stress Testing of Indian Bank Groups," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 11(4), pages 375-403, November.
- Liu, Suyi & Jin, Justin & Nainar, Khalid, 2023. "Does ESG performance reduce banks’ nonperforming loans?," Finance Research Letters, Elsevier, vol. 55(PA).
- Ayrton Psaila & Jonathan Spiteri & Simon Grima, 2019. "The Impact of Non-Performing Loans on the Profitability of Listed Euro-Mediterranean Commercial Banks," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 166-196.
- Mariagrazia Fallanca & Antonio Fabio Forgione & Edoardo Otranto, 2021. "Do the Determinants of Non-Performing Loans Have a Different Effect over Time? A Conditional Correlation Approach," JRFM, MDPI, vol. 14(1), pages 1-15, January.
- Kandela Ramesh, 2019. "Bad Loans of Public Sector Banks in India: A Panel Data Study," Emerging Economy Studies, International Management Institute, vol. 5(1), pages 22-30, May.
- Shakeel Ahmed & M. Ejaz Majeed & Eleftherios Thalassinos & Yannis Thalassinos, 2021. "The Impact of Bank Specific and Macro-Economic Factors on Non-Performing Loans in the Banking Sector: Evidence from an Emerging Economy," JRFM, MDPI, vol. 14(5), pages 1-14, May.
- Dimitrios Anastasiou & Helen Louri & Mike Tsionas, 2019.
"Nonperforming loans in the euro area: Are core–periphery banking markets fragmented?,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 24(1), pages 97-112, January.
- Dimitrios Anastasiou & Helen Louri & Mike G. Tsionas, 2016. "Non-performing loans in the euro area: are core-periphery banking markets fragmented?," Working Papers 219, Bank of Greece.
- Teodor Hada & Nicoleta Bărbuță-Mișu & Iulia Cristina Iuga & Dorin Wainberg, 2020. "Macroeconomic Determinants of Nonperforming Loans of Romanian Banks," Sustainability, MDPI, vol. 12(18), pages 1-19, September.
- Jean-Charles Bricongne & Mathilde Dufouleur, 2024. "Impact of Insolvency Regimes on NPLs: Two Birds in the Bush is Worth One in the Hand," Working papers 953, Banque de France.
- Evangelos Charalambakis & Yiannis Dendramis & Elias Tzavalis, 2017. "On the determinants of NPLS: lessons from Greece," Working Papers 220, Bank of Greece.
- Katuka, Blessing, 2017. "Credit risk dynamics in listed local banks in Zimbabwe (2009-2013)," MPRA Paper 92687, University Library of Munich, Germany, revised 2017.
- García Osma, Beatriz & Mora, Araceli & Porcuna-Enguix, Luis, 2019. "Prudential supervisors’ independence and income smoothing in European banks," Journal of Banking & Finance, Elsevier, vol. 102(C), pages 156-176.
- Nina Vujanović & Nikola Fabris, 2021. "Does market competition affect all banks equally? Empirical evidence on Montenegro," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 10(2), pages 87-107.
- Petr Jakubik & Eyup Kadioglu, 2022. "Factors affecting bank loan quality: a panel analysis of emerging markets," International Economics and Economic Policy, Springer, vol. 19(3), pages 437-458, July.
- Sascha Tobias Wengerek & Benjamin Hippert & André Uhde, 2019. "Risk allocation through securitization - Evidence from non-performing loans," Working Papers Dissertations 58, Paderborn University, Faculty of Business Administration and Economics.
- Konstantinos J. Liapis, 2018. "Managing NPEs Under Financial Crisis Conditions: A Synthetic Quick Approach," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 688-713.
- Svetozar Tanasković & Maja Jandrić, 2015. "Macroeconomic and Institutional Determinants of Non-performing Loans," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 4(1), pages 47-62.
More about this item
Keywords
Profitability; stock markets; banking; Indonesia;All these keywords.
JEL classification:
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ1:2019-06-10. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.