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"ABSTRAKPendapatan nonbunga cenderung mengalami tren meningkat. Pendapatan nonbunga merupakan diversifikasi pendapatan yang dilakukan oleh bank. Penelitian ini bertujuan untuk menganalisis pengaruh market power dan tipe kepemilikan pemerintah dan asing terhadap diversifikasi pendapatan non-interest income bank di Indonesia, Malaysia, Filipina, Thailand, dan China. Penelitian ini menggunakan Lerner Index sebagai proksi dari market power bank. Dengan menggunakan jumlah total sampel 80 bank dari lima negara selama periode penelitian 2012 hingga 2016 dan metode pengolahan data Fixed Effect Model dan Generalized Least Square, hasil penelitian ini menemukan bahwa bank dengan market power yang lebih tinggi memperoleh pendapatan nonbunga yang lebih besar pula, kecuali pada sampel negara Filipina. Selain itu, tipe kepemilikan pemerintah dalam bank terbukti memperkuat hubungan antara market power dan diversifikasi pendapatan bank, dengan hasil yang konsisten ditemukan di tiap sampel negara. Terakhir, tipe kepemilikan asing dalam bank juga terbukti memperkuat hubungan antara market power dan diversifikasi pendapatan bank, kecuali pada sampel negara Thailand.

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ABSTRACTNon interest income generally has an upward trend. Non interest income shows banks rsquo effort to diversify its income from non traditional banking activities. This study aims to analyze the effects of market power and government as well as foreign ownership on income diversification of banks in Indonesia, Malaysia, Philippines, Thailand, and China. This study uses Lerner Index as a proxy for banks rsquo market power. By using a sample of 80 banks in five countries from 2012 to 2016 and operating Fixed Effect Model and Generalized Least Square, the result shows that banks with greater market power earn more non interest income, except in Philippines. Also, government ownership is proven to heighten the relation between market power and income diversification, with consistent results shown in each subsamples. Lastly, foreign ownership is proven to heighten the relation between market power and income diversification, except in Thailand."

"ABSTRAKPenelitian ini dilakukan untuk melihat hubungan jangka pendek dan jangka panjang harga emas dunia dan harga minyak mentah dunia terhadap Indeks Harga Saham Gabungan(IHSG) pada 8 negara di Asia. Pada awalnya dilakukan uji stasioneritas pada data IHSG, harga minyak mentah dunia dan harga emas dunia dengan periode 19 tahun yaitu dari1999 hingga 2018. Setelah itu, uji regresi dilakukan dengan menggunakan metode ARDL untuk melihat pengaruh dari pergerakan harga minyak mentah dunia dan harga emasdunia terhadap pergerakan IHSG di 8 negara di Asia. Hasil penelitian menunjukan terdapat kointegrasi pada negara China, Filipina, Indonesia, Korea, Malaysia, Singapuradan Thailand. Berdasarkan hasil uji jangka panjang ditemukan bahwa terdapat hubungan positif jangka panjang signifikan antar harga emas dunia terhadap indeks pada negara China, Filipina, Indonesia, Korea, Malaysia, Singapura dan Thailand. Selanjutnya, terdapat hubungan negatif signifikan jangka panjang atara harga minyak mentah dunia dan indeks harga saham gabungan pada negara Thailand dan Indonesia. Hasil uji jangka pendek menunjukan terdapat hubungan positif signifikan antar harga minyak mentah dunia dan indeks harga saham gabungan pada negara Filipina, Korea, Malaysia, Singapura dan Thailand. Selanjutnya, ditemukan hubungan positif signifikan jangka.

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ABSTRACTThis study was conducted to see the long term and short term influence of crude oil prices and gold prices rate movement on the movement of Composite Stock Price Index (IHSG) and its significance in eight Asian Countries such as China, Indonesia, India, Korea, Malaysia, Philippines, Singapore and Thailand. Initially, stationary test was conducted on gold price, crude oil price and IHSG of Asian countries with a period of 19 years, ie from 1999 to 2018. After that, regression test was done by using ARDL method to see the effect of gold price and crude oil movement on the movement of IHSG of eight Asian countries. First of all, a cointegration test using F-Bound Test is conducted and resulted of cointegration in seven out of eight countries where India has no cointegration. Based on the long term test, it is found that there is a significant positive relationship betweengold and indices of China, Indonesia, Korea, Malaysia, Philippines, Singapore and Thailand. Furthermore, we found that there is a significant negative long termrelationship between crude oil prices and Indonesia and Thailand Indicies. Based on the short term test, it is found that there is a significant positive relationship between crude oil and Korea, Malaysia, Philippines and Singapore indices. Furthermore, it is found that there is a positive significant relationship between gold prices and Philippines and Thailand Indices."

"[Penelitian ini bertujuan untuk menganalisa pengaruh market power dan non interest income serta interaksi antara diversifikasi pendapatan non interest income dan market power terhadap stabilitas individual bank di negara negara ASEAN 5 Penelitian ini menggunakan perhitungan Z score sebagai proksi stabilitas bank dan Lerner Index sebagai indikator market power Dengan menggunakan sampel 76 bank yang listed di bursa masing masing negara ASEAN 5 yaitu Bursa Efek Indonesia IDX Bursa Malaysia KLSE Singapore Exchange SGX Stock Exchange of Thailand SET dan Philippine Stock Exchange PSE pada periode 2009 ndash 2013 model penelitian diestimasi menggunakan fixed effect model Hasil estimasi menunjukkan bahwa bank dengan market power yang besar memiliki tingkat stabilitas bank yang lebih rendah ketika mendiversifikasikan pendapatannya non interest income ;The study examines the effect of market power and non interest income and whether revenue diversification non interest income interacts with market power impacting on individual bank stability in ASEAN 5 Countries This research is used Z score as proxy for bank stability and Lerner Index as an indicator of market power The sample consists of 76 listed banks in Indonesia Stock Exchange IDX Bursa Malaysia KLSE Singapore Exchange SGX Stock Exchange of Thailand SET and Philippine Stock Exchange PSE for period 2009 ndash 2013 By using fixed effect model to estimate the equation model the result suggests that banks with greater market power are less stable when they diversify into non traditional activities non interest income ;The study examines the effect of market power and non interest income and whether revenue diversification non interest income interacts with market power impacting on individual bank stability in ASEAN 5 Countries This research is used Z score as proxy for bank stability and Lerner Index as an indicator of market power The sample consists of 76 listed banks in Indonesia Stock Exchange IDX Bursa Malaysia KLSE Singapore Exchange SGX Stock Exchange of Thailand SET and Philippine Stock Exchange PSE for period 2009 ndash 2013 By using fixed effect model to estimate the equation model the result suggests that banks with greater market power are less stable when they diversify into non traditional activities non interest income , The study examines the effect of market power and non interest income and whether revenue diversification non interest income interacts with market power impacting on individual bank stability in ASEAN 5 Countries This research is used Z score as proxy for bank stability and Lerner Index as an indicator of market power The sample consists of 76 listed banks in Indonesia Stock Exchange IDX Bursa Malaysia KLSE Singapore Exchange SGX Stock Exchange of Thailand SET and Philippine Stock Exchange PSE for period 2009 ndash 2013 By using fixed effect model to estimate the equation model the result suggests that banks with greater market power are less stable when they diversify into non traditional activities non interest income ]"

"[Penelitian ini bertujuan untuk menganalisa pengaruh market power dan non-interest income serta interaksi antara diversifikasi pendapatan (non-interest income) dan market power terhadap stabilitas individual bank di negara-negara ASEAN 5. Penelitian ini menggunakan perhitungan Z-score sebagai proksi stabilitas bank dan Lerner Index sebagai indikator market power. Dengan menggunakan sampel 76 bank yang listed di bursa masing-masing negara ASEAN 5, yaitu Bursa Efek Indonesia (IDX), Bursa Malaysia (KLSE), Singapore Exchange (SGX), Stock Exchange of Thailand (SET), dan Philippine Stock Exchange (PSE) pada periode 2009 ? 2013, model penelitian diestimasi menggunakan fixed effect model. Hasil estimasi menunjukkan bahwa bank dengan market power yang besar memiliki tingkat stabilitas bank yang lebih rendah ketika mendiversifikasikan pendapatannya (non-interest income). ;The study examines the effect of market power and non-interest income and whether revenue diversification (non-interest income) interacts with market power impacting on individual bank stability in ASEAN 5 Countries. This research is used Z-score as proxy for bank stability and Lerner Index as an indicator of market power. The sample consists of 76 listed banks in Indonesia Stock Exchange (IDX), Bursa Malaysia (KLSE), Singapore Exchange (SGX), Stock Exchange of Thailand (SET), and Philippine Stock Exchange (PSE) for period 2009 ? 2013. By using fixed effect model to estimate the equation model, the result suggests that banks with greater market power are less stable when they diversify into non-traditional activities (non-interest income). , The study examines the effect of market power and non-interest income and whether revenue diversification (non-interest income) interacts with market power impacting on individual bank stability in ASEAN 5 Countries. This research is used Z-score as proxy for bank stability and Lerner Index as an indicator of market power. The sample consists of 76 listed banks in Indonesia Stock Exchange (IDX), Bursa Malaysia (KLSE), Singapore Exchange (SGX), Stock Exchange of Thailand (SET), and Philippine Stock Exchange (PSE) for period 2009 – 2013. By using fixed effect model to estimate the equation model, the result suggests that banks with greater market power are less stable when they diversify into non-traditional activities (non-interest income). ]"

"ABSTRAKPenelitian ini bertujuan untuk mengetahui dampak kegiatan nontradisionalyang dilakukan perbankan yaitu diversifikasi pendapatan danaset serta struktur pasar terhadap respon pasar saham dan risiko padaperbankan di negara Indonesia dan Thailand. Penelitian ini menggunakanmetode panel dengan data tahunan selama 5 tahun setelah krisis 2009(2010 ? 2014). Penelitian ini menemukan bahwa di negara ? negaraberkembang seperti Indonesia dan Thailand, masih ditemukan manfaatdari kegiatan diversifikasi yaitu nilai market to book yang tinggi namunhanya sampai titik tertentu, setelah itu maka hubungan diversifikasidengan kinerja menjadi berlawanan. Penelitian ini juga menemukan bahwadampak diversifikasi aset lebih signifikan mempengaruhi kinerjadibandingkan dengan diversifikasi pendapatan. Selanjutnya ditemukanjuga bahwa struktur pasar yang terkosentrasi pada kedua negaramendapatkan respon pasar yang baik, dalam bentuk peningkatan harga.

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ABSTRACTThis study aims to examine the impact of non-traditional banking activitiessuch as diversification of income and assets, and the market structure onstock market response and performance in Indonesia and Thailand. Thisstudy uses panel data methodology using annual data for 5 years periodafter the crisis of 2009 (2010-2014). The results of the study show thatdeveloping countries are benefiting from diversification, since theyachieve higher market-to-book value but only up a to certain point, beyondthat point the relation between diversification and performance turns out tobe contrary. This study also find that asset diversification has significantimpact on performance."

"Penelitian ini bertujuan untuk menganalisis pengaruh keberadaan direktur perempuan terhadap manajemen pendapatan bank yang terdaftar pada bursa efek Filipina, Indonesia, Malaysia, dan Thailand. Penelitian ini menggunakan sampel sejumlah 73 bank yang tersebar di negara-negara tersebut selama 5 tahun, dari 2013 hingga 2018, dengan menggunakan regresi estimasi system Generalized Methods of Moments (GMM). Pengaruh keberadaan direktur perempuan dilihat baik secara linear maupun non-linear, serta manajemen pendapatan bank pada penelitian ini dihitung menggunakan discretionary loan loss provisions (DLLP). Analisis dibedakan atas negara yang memiliki sistem tata kelola perusahaan one-tier dan two-tier.Dari hasil olah data yang dilakukan, ditemukan terdapat hasil yang tidak signifikan untuk pengaruh keberadaan direktur perempuan dan keberadaan direktur perempuan kuadrat terhadap manajemen pendapatan bank untuk negara one-tier maupun two-tier. Sementara itu, berbeda dengan penelitian sebelumnya, ditemukan bahwa kehadiran tiga orang direksi perempuan berpengaruh positif terhadap manajemen pendapatan bank di negara two-tier. Perbedaan hasil negara one-tier dan two-tier dapat berbeda karena nilai absolut pada error term yang dimiliki oleh negara two-tier lebih tinggi dibandingkan negara one-tier yang mengindikasikan nilai DLLP lebih tinggi.

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This study aims to analyze the influence of woman on boards on bank earnings management of listed banks in the Philippines, Indonesia, Malaysia, and Thailand stock exchanges. This study uses the system Generalized Methods of Moments (GMM) method on 73 listed banks in these countries from 2013-2018. Both linear and non-linear effects of woman on board on earnings management are examined in this study, and bank earnings management is measured using discretionary loan loss provisions. This analysis is divided into countries that have one-tier and two-tier corporate governance systems.

Our findings suggest that there are insignificant results for the influence of woman on board and woman on board squared on bank earnings management for one-tier and two-tier countries. Meanwhile, there is a different result from previous studies that the presence of three women directors has a significant and positive influence on bank earnings management in two-tier countries. The results of one-tier and two-tier countries can be different because the absolute value of the error term of the two-tier countries is higher than the one of one-tier countries which indicate higher DLLP values."

"ABSTRAKSkripsi ini berisi penelitian yang bertujuan untuk menemukan bukti empiris mengenai pengaruh kepemilikan signifikan pemerintah terhadap biaya audit pada perusahaan-perusahaan non keuangan yang terdaftar pada bursa efek di Indonesia, Malaysia, Singapura, Filipina dan Thailand. Untuk membedakan karakteristik masing-masing negara maka dimasukkan sistem hukum sebagai variabel pemoderasi. Kepemilikan yang dianggap berpengaruh signifikan dan memiliki pengendalian diasumsikan adalah kepemilikan dengan persentase lebih dari 20%. Penelitian ini dilakukan dengan melakukan regresi data panel untuk data yang diambil selama periode 2011 hingga 2014.Hasil dari penelitian ini menunjukkan bahwa kepemilikan signifikan pemerintah berpengaruh positif signifikan terhadap biaya audit pada negara-negara yang menganut civil law dan berpengaruh negatif signifikan pada negara-negara yang menganut common law. Namun kepemilikan signifikan pemerintah tidak berpengaruh signifikan terhadap biaya audit pada sampel keseluruhan yang menggabungkan negara-negara yang menganut sistem hukum common law dan civil law.

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ABSTRACT

Purpose of the research in this thesis is to find empirical evidence on the effect of significant government ownership on audit fees paid by listed companies in Indonesia, Malaysia, Singapore, Philippines and Thailand. Legal system was inputted as moderating variable to differ character of each countries. Assumed that ownership with significant influence and controlling was more than 20% held by government. This research was conducted with data panel regression on data collected since 2011 until 2014.

The result of this research suggests that significant government ownership has positive significant effect on audit fees in civil law countries and negative significant effect in common law countries. But significant government ownership has no significant effect on audit fees when the sample is mixed between common law and civil law countries."

"Penelitian ini menginvestigasi pengaruh financial integration terhadap market-value leverage di emerging market dengan dikontrol variabel ukuran perusahaan, asset tangibility, growth opportunities, dan profitabilitas. Penelitian ini menggunakan metode ordinary least square (OLS) dan menemukan bahwa pada 200 perusahaan non finansial dan non utilitas Indonesia, Malaysia, Filipina, dan Thailand pada tahun 2005-2010 menunjukkan bahwa integrasi pasar ekuitas lebih signifikan mempengaruhi market-value leverage dibandingkan integrasi pasar kredit. Ukuran perusahaan, asset tangibility, growth opportunities, dan profitabilitas mempengaruhi market-value leverage. Semakin tinggi tingkat integrasi, perusahaan high-growth akan menggunakan pendanaan ekuitas dibandingkan perusahaan low-growth.

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This research investigates the impact of financial integration toward market-value leverage in emerging market, controlled by firm size, asset tangibility, growth opportunities, and profitability. This research use ordinary least square (OLS) method and find that in 200 non financial and non utilities firms in Indonesia, Malaysia, Philippines, and Thailand in 2005-2010, equity market integration more affects firm's market-value leverage than credit market integration. Size, asset tangibility, growth opportunities, and profitability affect market-value leverage significantly. As integration proceeds to higher level, high-growth firms use equity financing than low-growth firms."

"Penelitian ini bertujuan untuk menguji pengaruh dari sustainability reporting, yang diukur dengan skor Environmental, Social, dan Governance (ESG), terhadap performa keuangan (ROE), operasional (ROA), dan pasar (Tobin’s Q) dari bank yang terdaftar di bursa efek Indonesia, Malaysia, Singapura, Thailand, dan Filipina pada periode 2012 sampai dengan 2020. Sampel terdiri dari 34 bank yang tercatat di bursa efek kelima negara tersebut. Penelitian ini menggunakan regresi panel dengan metode estimasi fixed effect model. Dari hasil penelitian ini, penulis menemukan adanya pengaruh negatif yang signifikan antara sustainability reporting dengan performa keuangan dan performa pasar, serta pengaruh yang negatif namun tidak signifikan antara sustainability reporting dan performa operasional Bank di Indonesia, Malaysia, Singapura, Thailand, dan Filipina.

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This study aims to examine the effect of sustainability reporting, as measured by Environmental, Social, and Governance (ESG) scores, on the financial (ROE), operations (ROA), and market performance (Tobin's Q) of listed banks on the Indonesia, Malaysia, Singapore, Thailand, and the Philippines stock exchange in the period 2012 to 2020. The sample consists of 34 banks listed on the stock exchanges of the aforementioned five countries. This research uses panel regression with fixed effect model estimation method. From the results of this study, the author found a significant negative effect between sustainability reporting and financial performance and market performance, as well as a negative but not significant effect between sustainability reporting and operational performance of Banks in Indonesia, Malaysia, Singapore, Thailand, and the Philippines."

"ABSTRAKStudi literatur yang ada masih memberikan kesimpulan yang bervariasi mengenai hubungan konsentrasi kepemilikan terhadap nilai dan risiko bank. Skripsi ini membahas konsentrasi kepemilikan pada bank dalam implikasinya terhadap risiko bank yang di proksikan dengan capital adequacy ratio dan impaired loan ratio. Observasi dilakukan pada 55 bank yang beroperasi di Indonesia, Malaysia, Thailand dan Philipina selama kurun waktu 2006 hingga 2011. Dengan menggunakan model estimasi Generalized Least Square-Random Effect, didapatkan hasil bahwa konsentrasi kepemilikan pada bank tidak memiliki pengaruh terhadap risiko bank tersebut dengan capital adequacy dan impaired loan ratio sebagai ukuran risiko yang digunakan.

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ABSTRACTExisting study still provide various result regarding the impact of ownership concentration to bank value and risk. This research examines the impact of bank ownership concentration on two indicators of bank riskiness (banks? non-performing loans and capital adequacy). Using Generalized Least Square-Random effect on 55 banks in Indonesia, Malaysia, Thailand and Philipina for period 2006-2011. It is found that bank ownership concentration does not affect bank riskiness (banks? non-performing loans and capital adequacy)."