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

William A. Barnett · Bruno S. Sergi

noy 2023 · Emerald Group Publishing

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Emerging markets offer a unique financial setting, contrasting with developed markets: for example, in the significant contribution of small family-owned businesses to the economy, and the considerable social and economic transformations that profoundly affect businesses.

In Indonesia, the authors find family firms are more likely to be involved in real earnings management than non-family firms by reducing operating cash flow to report higher income than non-family firms. Further findings demonstrate institutional ownership significantly reduces firm risk in emerging economies. The authors also consider the impact of the Covid-19 pandemic on systemic risk in the frame of a dual banking system where Islamic and conventional banks coexist.

ISETE-33A gives fresh insight into financial and economic issues in Indonesia and ASEAN countries, written by authors from diverse backgrounds. This is essential reading for anyone interested in the financial evolution of these fast-moving economies.

Müəllif haqqında

William A. Barnett is the Oswald Distinguished Professor of Macroeconomics at the University of Kansas, Director at the Center for Financial Stability in New York City, and Founder and First President of the Society for Economic Measurement.

Bruno S. Sergi is an instructor at Harvard University, where he is also a faculty affiliate at the Center for International Development and the Institute for Quantitative Social Science, and an Associate at the Davis Center for Russian and Eurasian Studies.