Macroeconomic Risk and Growth in the Southeast Asian Countries: Insight from Indonesia

Emerging markets provide a distinct financial environment with small family-owned businesses contributing significantly and social and economic transformations impacting businesses. In Indonesia, family firms are more likely to engage in real earnings management, while institutional ownership reduces firm risk. The Covid-19 pandemic has highlighted the importance of a dual banking system in managing systemic risk. ISETE-33A offers valuable insights into financial and economic issues in Indonesia and ASEAN countries.

Format: Hardback
Length: 272 pages
Publication date: 09 October 2023
Publisher: Emerald Publishing Limited

Emerging markets present a distinct financial landscape, differing significantly from developed markets. One notable aspect is the substantial contribution of small family-owned businesses to the economy, alongside the profound social and economic transformations that significantly impact these businesses. In Indonesia, the authors of ISETE-33A reveal that family firms are more inclined to engage in real earnings management practices compared to non-family firms. This involves reducing operating cash flow to report higher income than non-family firms. Furthermore, their findings indicate that institutional ownership plays a significant role in mitigating firm risk in emerging economies. Additionally, the authors examine the impact of the Covid-19 pandemic on systemic risk within the context of a dual banking system, where Islamic and conventional banks coexist.

ISETE-33A offers valuable insights into financial and economic matters in Indonesia and ASEAN countries, authored by scholars from diverse backgrounds. This publication serves as a crucial resource for anyone interested in tracking the financial evolution of these rapidly evolving economies.

Dimension: 229 x 152 x 13 (mm)
ISBN-13: 9781837970438