This research tries to show that information about COVID-19 affects market arousal indicated by the frequency of transactions, and the market performance shown by Jakarta Composite Index (JCI). The theory used for analysis is the prospect theory and efficient market hypothesis (EMH). The results of statistical analysis indicate that information about COVID has a negative effect on JCI, as well as trading volume the previous day. The evidence can briefly prove that there is an effect of COVID-19 and weakening daily transactions on JCI. The research findings show that the JCI market uncertainty is in line with the VUCA and Prospect theory. In this case, it occurs that uncertainty affects the behavior of investors' decision making. Investors' decision-making behavior is accumulated in market behavior, and is subsequently manifested in index changes in accordance with the efficient market hypothesis. The contribution of this research to the study of financial market behavior is that uncertainty and uncertainty faced by investors affect market behavior and changes as measured by the index.
This study aims to examine the effect of corporate governance's mechanism to firm value which is proxied by Tobin's Q. This mechanism is divided into two, internal mechanism which is proxied by board of director and audit committee and external mechanism which is proxied by institutional ownership. This study is using control variables such as firm size, financial leverage and industrial sector. Sample used in this study are 40 companies which incorporated in several industrial sector in Indonesia which are listed in Indonesia Stock Exchange during [2011][2012][2013][2014][2015]. Hypothesis testing in this study is using multiple regression analysis.The result of this study shows that board of director has positive but insignificant effect to firm value in Indonesia, audit committee has positive and significant effect to firm value in Indonesia and institutional ownership has negative but insignificant effect to firm value in Indonesia. The control variables used in this study provide mixed results, where firm size has negative and insignificant effect to firm value, financial leverage has positive and significant effect to firm value and the whole industrial sector in Indonesia has no effect to firm value. From simultaneous test, this study shows that simultaneously independent variables significantly affect to firm value.
The purpose of this research is to identify and explain the role of competitive advantage in mediating the effect of intangible resources on marketing performance. The total population in this study amounted to 82 employees of the Regional Development Bank of Southeast Sulawesi from 82 sub-branch offices/cash offices spread across 17 districts/cities. Then the sampling technique uses a saturated sample. Data collection techniques using questionnaires or questionnaires that have been tested for validity and reliability. For data processing using the SmartPLS version 3.0 analysis tool. The results of the study show that intangible resources have a significant effect on marketing performance. Intangible resources have a significant effect on competitive advantage. competitive advantage has a significant effect on marketing performance. competitive advantage is able to significantly mediate the effect of intangible resources on marketing performance
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