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Titre français non fourni
No full textLe premier chapitre de cette thèse examine l’impact de la transparence et de la structure actionnariale sur le risque bancaire. En utilisant un échantillon de 209 banques commerciales asiatiques sur la période 2004-2010, nous montrons que la transparence est négativement associée à la volatilité des résultats bancaires et que l’impact est plus fort en présence d'un actionnariat dominant d'un actionnariat institutionnel et plus faible avec l'actionnariat interne ou l’actionnariat gouvernemental. Nos résultats montrent également qu’une meilleure transparence assure une plus grande stabilité, comme mesuré par le risque bancaire individuel de défaut. Une analyse plus profonde montre que la transparence sur le compte de résultat, sur les prêts, les autres actifs, les dépôts jouent un rôle plus important dans la diminution du risque que la transparence sur le passif marchéisé.Dans le Chapitre 2, nous examinons l'impact de l'hétérogénéité des membres du conseil d’administration de la banque sur la performance et le risque. En utilisant des données de banques indonésiennes de 2001 à 2011 couvrant 4200 observations annuelles individuelles et 21 groupes ethniques, nous évaluons le degré de diversité en considérant divers aspects (le genre, la citoyenneté, l'âge, l'expérience, le mandat, l'appartenance ethnique, la nationalité, le niveau d’éducation et le type) et nous trouvons des impacts significatifs sur la performance bancaire. En général, la diversité est positivement associée à la performance, sauf lorsqu'elle est associée à l'appartenance ethnique. Cette dernière réduit non seulement la performance, mais augmente aussi le risque. La présence féminine et la diversité professionnelle réduisent le risque, mais la diversité en termes de nationalité et d'appartenance ethnique est liée à un niveau de risque plus élevé. La diversité en termes d'éducation conduit généralement à une volatilité élevée des résultats et à un risque de levier plus élevé. Nos résultats sont robustes aux diverses mesures de performance, y compris à la rentabilité ajustée du risque et aux différentes méthodes d'évaluation.Dans le Chapitre 3, Nous étudions l'impact exercé par la présence d'investisseurs institutionnels sur la performance et le risque des banques familiales. En utilisant des données détaillées sur des banques indonésiennes de 2001 à 2008 et en contrôlant pour divers facteurs, les résultats montrent tout d'abord que les banques contrôlées par des familles sont moins rentables et plus risquées que les autres banques. Précisément, la présence familiale, soit sous la forme de la directe propriété, la majorité absolue détenue solennellement, ou des directeurs familiaux, est positivement liée au risque de défaut, la variabilité des résultats et la présence de créances douteuses. . Cependant, la présence d'investisseurs institutionnels en tant que deuxième groupe de détenteur du capital dans les banques familiales a tendance à atténuer et même renverser une telle relation en réduisant la prise de risque et en améliorant la performance. Nos résultats sont généralement robustes quant aux problèmes d'endogénéité et autres spécifications possibles.In Chapter 1 of this dissertation, we investigate the impact of the interaction of disclosure and ownership structure on bank risk. Using a sample of 209 commercial banks from Asia during the 2004-2010 period, we find that disclosure is negatively associated with income volatility and that such an impact is stronger in the presence of block holders and institutional ownership and weaker with insider or government ownership. Our results also provide evidence that better disclosure ensures greater stability as measured by individual bank default risk. Furthermore, a deeper investigation shows that disclosure on income statement, loans, other earning assets, deposits, and memo lines plays a stronger role in limiting risk than disclosure on non-deposit liabilities.In Chapter 2, we investigate the influence of background diversity of bank board members on performance and risk. Using data from Indonesian banks from 2001 to 2011 covering 4200 individual year observations and 21 ethnic groups, we estimate the degree of diversity by considering various aspects (gender, citizenship, age, experience, tenure, ethnicity, nationality, education level and type) and find significant impacts on bank performance. On the whole, diversity is in general positively associated with performance except when it relates to ethnicity. It not only reduces performance per se but also increases risk. Female presence and professional diversity reduce risk but nationality and ethnicity diversities are associated with higher risk. Education diversity generally leads to higher income volatility and leverage risk. Our results are generally robust to various alternative performance measures, including risk adjusted returns, and estimation methods.In Chapter 3, we investigate whether the presence of institutional investors in family-controlled banks impacts their performance and risk. Using detailed data on Indonesian banks from 2001 to 2008 and controlling for various factors, our results first show that family-controlled banks are less profitable and more risky than other banks. Specifically, family presence, either under the form of direct ownership, pure single majority, or family directors, is related to higher default risk, income variability, and loan risk. However, the presence of institutional investors as a second stage block holder in family controlled banks tends to mitigate and even reverse such behavior by reducing risk-taking and improving performance. Our results are generally robust with regard to endogeneity issues and alternative specifications
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Does diversity of bank board members affect performance and risk ? Evidence from an emerging market
No full textInternational audienc
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Does the presence of institutional investors in family banks affect profitability and risk? Evidence from an emerging market
No full textThis study aims to investigate whether the presence of institutional investors in family-controlled banks impacts their performance and risk. Using detailed data on Indonesian banks from 2001 to 2008 and controlling for various factors, our results first show that family-controlled banks are less profitable and more risky than other banks. Specifically, family presence, either under the form of direct ownership, pure single majority, or family directors, is related to higher default risk, income variability, and loan risk. However, the presence of institutional investors as a second stage block holder in family controlled banks tends to mitigate and even reverse such behavior by reducing risk-taking and improving performance. Our results are generally robust with regard to endogeneity issues and alternative specifications
Appropriate Similarity Measures for Author Cocitation Analysis
Full text linkWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Does diversity of bank board members affect performance and risk? Evidence from an emerging market
No full textThis study investigates the influence of background diversity of bank board members on performance and risk. Using data from Indonesian banks from 2001 to 2011 covering 4200 individual year observations and 21 ethnic groups, we estimate the degree of diversity by considering various aspects (gender, citizenship, age, experience, tenure, ethnicity, nationality, education level and type) and find significant impacts on bank performance. On the whole, diversity is in general positively associated with performance except when it relates to ethnicity. It not only reduces performance per se but also increases risk. Female presence and professional diversity reduce risk but nationality and ethnicity diversities are associated with higher risk. Education diversity generally leads to higher income volatility and leverage risk. Our results are generally robust to various alternative performance measures, including risk adjusted returns, and estimation methods
The Effect Of Firm Efficiency On Firm Value Of Public Companies In Indonesia With It Investments And The Covid-19 Pandemic As Moderating Variables
Full text linkThe purpose of the establishment of the company is to maximize wealth for shareholders. The increase in shareholder and company wealth is represented by firm value. The higher the firm value, the higher the wealth of shareholders. The increase in shareholder wealth through increasing firm value is influenced by several factors, including how efficiently the company is managing its resources. The use of information technology (IT) is believed to increase firm efficiency. The rapid increase in the total confirmed cases and the COVID-19 pandemic affected not only health conditions but also gradually led to a global crisis that affected almost every country around the world. Amid increasing uncertainty during the COVID-19 pandemic, firm efficiency is needed by companies to survive. This study aims to determine the effect of firm efficiency on firm value. This research was conducted on companies listed on the IDX for the period 2017-2021. This study uses moderating variables in the form of Information Technology (IT) investment and the Covid-19 pandemic. It also uses control variables consisting of company size, financial leverage, and cash holding. The results of this study showed that IT investment has a significant negative effect on firm efficiency. The Covid-19 pandemic has had a significant negative effect on firm efficiency. Firm efficiency has a positive effect on firm value. This study also finds that IT investment weakens the relationship between firm efficiency and firm value, and the Covid-19 pandemic strengthens the relationship between firm efficiency and firm value
Disclosure, ownership structure and bank risk: Evidence from Asia
No full textWe investigate the impact of the interaction of disclosure and ownership structure on bank risk. Using a sample of 209 commercial banks from Asia during the 2004-2010 period, we find that disclosure is negatively associated with income volatility and that such an impact is stronger in the presence of block holders and institutional ownership and weaker with insider or government ownership. Our results also provide evidence that better disclosure ensures greater stability as measured by individual bank default risk. Furthermore, a deeper investigation shows that disclosure on income statement, loans, other earning assets, deposits, and memo lines plays a stronger role in limiting risk than disclosure on non-deposit liabilities
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