scholarly journals Tingkat Keuntungan Bank di Indonesia setelah Krisis Subprime 2008 di Amerika Serikat

2018 ◽  
Vol 3 (2) ◽  
Author(s):  
Pandu Adi Cakranegara
Keyword(s):  
Stock Returns ◽  
Stock Prices ◽  
Banking Sector ◽  
Financial Statements ◽  
The United States ◽  
Operational Performance ◽  
Economic Downturn ◽  
Subprime Mortgage ◽  
Financial Report ◽  
The World

Subprime Mortgage in America has a wide impact on the world including Indonesia. The researcher examines its relationship with banks in Indonesia. The economic downturn in the United States will have an impact on the global economic downturn. Thus, the Indonesian economy will also be affected. If there is an economic downturn, the financial sector in this case is represented by the banking sector, which will first decrease its value. The analysis used uses the method of analyzing financial statements. Based on the data from the Audited Financial Report, the banking sector growth and operational performance can be analyzed. The results found were the linkage of Du Pont's Stock Returns and ROE. High ROE will result in rising stock prices on the market. Nevertheless, market appreciation for each bank is not the same because there are banks that are more appreciated by the market or conversely there are banks that are not appreciated as high as other banks.

Dialogue with standard setters. Potential impacts of the COVID-19 on IFRS financial statements

2020 ◽  
pp. 149-159
Author(s):  
Raffaele Fiume ◽  
Tiziano Onesti ◽  
Stefano Bianchi
Keyword(s):  
United States ◽  
Financial Reporting ◽  
Global Financial Crisis ◽  
Financial Statements ◽  
The United States ◽  
Mortgage Market ◽  
International Level ◽  
Subprime Mortgage ◽  
Industrial Environment ◽  
The World

The COVID-19 outbreak has impacted significantly on the movements of goods and people through the world causing interruptions at many levels in the financial and industrial environment with a significant impact on financial reporting. The purpose of the following review is to analyse some of the main accounting implications of the outbreak in the IFRS financial statements and the first responses at international level by the standard-setters. In the first part, the analysis will be focused first on the main implications for periods ended on 31 December 2019 and then on the effects for the 2020 reporting periods onward. As per 2008 global financial crisis (GFC), that began in 2007 with a depreciation in the subprime mortgage market in the United States, the main international standard-setters (IASB and FASB) has proposed amendments of the standards to react to some implications of the COVID-19 pandemic. In the second part of this review will be summarised the main responses, including the documents and proposed amendments issued by the IASB regard-ing IFRS 16 Leases accounting for lease concessions related to the effects of the COVID-19 pandemic.

scholarly journals CONTAGION AND DOWNSIDE RISK IN THE REIT MARKET DURING THE SUBPRIME MORTGAGE CRISIS

2015 ◽  
Vol 19 (1) ◽  
pp. 42-57 ◽  
Author(s):  
Ming-Chi CHEN ◽  
Hsiu-Jung TSAI ◽  
Tien-Foo SING ◽  
Chih-Yuan YANG
Keyword(s):  
Stock Returns ◽  
The United States ◽  
The European Union ◽  
Subprime Mortgage ◽  
Crisis Period ◽  
Contagion Effects ◽  
Mortgage Crisis ◽  
Systematic Risks ◽  
Subprime Mortgage Crisis ◽  
Capm Beta

This study empirically tests the contagion effects in stock and real estate investment trust (REIT) markets during the subprime mortgage crisis by using daily stock- and REIT-markets data from the following countries and international bodies: the United States, the European Union, Japan, Hong Kong, Singapore, Australia, and the global REIT market. We found a significant and positive dynamic conditional correlation (DCC) coefficient between stock returns and REIT returns. The results revealed that the REIT markets responded early to market shocks and that the variances were higher in the post-crisis period than in the pre-crisis period. Evidence supporting the contagion effects includes increases in the means of the DCC coefficients during the post-crisis period. The Japanese and Australian REIT markets possess the lowest time-varying downside systematic risks. We also demonstrated that the “DCC E-beta” captures more significant downside linkages between market portfolios and expected REIT returns than does the standard CAPM beta.

scholarly journals Unknown Unknowns: Uncertainty About Risk and Stock Returns

2018 ◽  
Vol 53 (4) ◽  
pp. 1615-1651 ◽  
Author(s):  
Guido Baltussen ◽  
Sjoerd van Bekkum ◽  
Bart van der Grient
Keyword(s):  
United States ◽  
Stock Returns ◽  
Stock Prices ◽  
Stock Markets ◽  
The United States ◽  
Pricing Mechanism ◽  
European Stock Markets ◽  
Low Uncertainty ◽  
High Uncertainty

Stocks with high uncertainty about risk, as measured by the volatility of expected volatility (vol-of-vol), robustly underperform stocks with low uncertainty about risk by 8% per year. This vol-of-vol effect is distinct from (combinations of) at least 20 previously documented return predictors, survives many robustness checks, and holds in the United States and across European stock markets. We empirically explore the pricing mechanism behind the vol-of-vol effect. The evidence points toward preference-based explanations and away from alternative explanations. Collectively, our results show that uncertainty about risk is highly relevant for stock prices.

scholarly journals FACTORS AFFECTING OPERATING CASH FLOW TO STOCK RETURN THROUGH STOCK PRICE

2018 ◽  
Vol 5 (2) ◽  
Author(s):  
Aprih . Santoso
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Return ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statements ◽  
Manufacturing Companies ◽  
Operating Cash Flow

Abstract : Companies need funds in order to carry out operations such as the financing of production activities, pay employees, pay other expenses related to the operation of the company. One way to obtain these funds is to attract investors to invest in companies in the form of stock, but in making this investment is certainly not easy for investors, because investors need consideration beforehand to find out how the company's performance. The purpose of this study was to examine and analyze the effect of operating cash flow to stock return through stock price at companies listed on the Stock Exchange Year 2012-2015. The data used in this study dala are secondary data from the financial statements of companies listed on the Indonesia Stock Exchange period 2012 - 2015. The data are in the form of financial statements can be obtained from the Indonesian Capital Market Directory (ICMD), the IDX website www.idx.co. id as well as from various other sources to support this research. The population in this research is manufacturing companies listed on the Stock Exchange the period 2012 - 2015. The samples taken by the sampling technique used purposive sampling.From the test results and analysis of the data it can be concluded that operating cash flow directly and indirectly has no effect on stock returns through stock prices showed no significant results. Keywords :  Operating Cash Flow, Stock Price, Stocks Return

scholarly journals Dependence in the Banking Sector of the United States and Mexico: A Copula Approach

2021 ◽  
Vol 16 (TNEA) ◽  
pp. 1-23
Author(s):  
Christian Bucio Pacheco ◽  
Luis Villanueva ◽  
Raúl de Jesús Gutiérrez
Keyword(s):  
United States ◽  
Stock Prices ◽  
Banking Sector ◽  
Tail Dependence ◽  
The United States ◽  
Small Sample ◽  
High Dependency ◽  
The Us ◽  
Rolling Windows ◽  
Main Banks

The objective of this work is to estimate the patterns of dependence between the yields of the stock prices of the main banks of the United States (US) and Mexico. We estimate the patterns of absolute dependence and tail dependence through copulas of the Archimedean family and the use of rolling windows of 245 days. The data employed come from the daily share prices at closing from January 2, 2015, to December 31, 2020, for seven banks. Our results show that: i) there are patterns of high dependence among the main banks in the US, ii) there are patterns of very low dependence among the main banks in the US and Mexico, and iii) there are patterns of low dependence among the main banks in Mexico. These results have several implications, among them that the high-dependency patterns obtained among major US banks limit the joint selection of these US bank equity assets in an investment portfolio. Although this paper focuses on a small sample of banks, they represent an important portion of the banking sector in both countries. Given the limited literature on this subject in Mexico, our paper contributes to expanding this literature with a novel approach.

Introduction

2017 ◽  
Author(s):  
Rachael Kiddey
Keyword(s):  
Urban Population ◽  
Real Life ◽  
The United States ◽  
Growing Up ◽  
Rural County ◽  
Subprime Mortgage ◽  
Mortgage Crisis ◽  
The World ◽  
School Uniform ◽  
Post War

As I write this book, statistics show that there is an increasing housing shortage that has been projected, by 2025, to leave a third of the global urban population living in substandard housing or going without essentials to pay for their housing. Homelessness is an increasing problem worldwide. In Britain, where the fieldwork drawn on throughout this book was conducted, the latest available statistics show that rough sleeping rose by 31 per cent between autumn 2014 and autumn 2015. In the United States, the number of people living in severely overcrowded households has risen by 67 per cent since the effects of the subprime mortgage crisis triggered the recession of 2007. If we add to this data the rising number of people who are being forcibly displaced from their homes by war and other violence, the need to study how homelessness materializes and shapes the world around us becomes more urgent. As a child growing up by the sea in Devon, a rural county in the south-west of England, I initially encountered homelessness in two ways: the first was while on a rare shopping trip to Plymouth to buy school uniform in 1986. I was 8 years old. It was raining and the post-war architecture loomed greyer than usual. A man sitting on the pavement huddled his dog close to him, their heads down. I asked my mum what he was doing. ‘He’s homeless. Poor man! Don’t stare,’ she said. Her words rang in my ears as I tried, but failed, to conceive of having no home. The second encounter was more cheerful. I grew up in a house by the River Avon.5 When the tide is out, the riverbed becomes a mudflat, and in July and August it is green with samphire. A tramp called Albert, his yellow oilskins and bushy white beard making him seem to me a real-life Captain Birdseye, could be seen collecting samphire from the riverbed every summer until he died. A bench has since been erected in his memory. Albert was homeless too, but in a different, older way than the man I remember from Plymouth.

Challenges of COVID-19 During 2020 and Opportunities for FinTech in 2021 for Digital Transformation of Business and Financial Institutions in India

2021 ◽  
pp. 282-299
Author(s):  
Narinder Kumar Bhasin ◽  
Kamal Gulati
Keyword(s):  
United States ◽  
Financial Institutions ◽  
Job Loss ◽  
Banking Sector ◽  
Extended Period ◽  
The United States ◽  
Emerging Technology ◽  
Digital Transformation ◽  
The World ◽  
Technology Trends

Fintech/TechFin/financial and banking sector achieved the new digital disruptions and transformation milestones in India, underlining the various opportunities in the last year, 2020, when the world was struggling with the COVID-19 pandemic, an extended period of lockdown, job loss, and unemployment. India has emerged as the fastest-growing second largest leading fintech hub in the world after the United States. This chapter will explain the various challenges faced in the year 2020 and opportunities for fintech in 2021. The chapter also explains the emerging technology trends and growth of finechs in India during the COVID pandemic.

scholarly journals Macroeconomic News and Stock Returns in the United States and Germany

2006 ◽  
Vol 7 (2) ◽  
pp. 189-210 ◽  
Author(s):  
Norbert Funke ◽  
Akimi Matsuda
Keyword(s):  
United States ◽  
Interest Rates ◽  
Stock Returns ◽  
Stock Prices ◽  
The United States ◽  
Good News ◽  
Macroeconomic News ◽  
Hourly Data ◽  
Different Types ◽  
The Impact

Abstract Using daily data for the January 1997 to June 2002 period, we analyze similarities and differences in the impact of macroeconomic news on stock returns in the United States and Germany. We consider 27 different types of news for the United States and 12 different types of news for Germany. For the United States, we present evidence for asymmetric reactions of stock prices to news. In a boom (recession) period, bad (good) news on GDP growth and unemployment or lower (higher) than expected interest rates may be good news for stock prices. In the period under consideration there is little evidence for asymmetric effects in Germany. However, in the case of Germany, international news appears at least as important as domestic news. There is no evidence that US stock prices are influenced by German news. The analysis of bi-hourly data for Germany confirms these results.

scholarly journals COVID-19 Pandemic, Stimulus Packages and Stock Returns in Vietnam

2021 ◽  
Vol 4 (2) ◽  
Author(s):  
Son T. Vu ◽  
◽  
Tam T. Le ◽  
Chi N. L. Nguyen ◽  
Duong T. Le ◽  
...  
Keyword(s):  
Stock Returns ◽  
Oil And Gas ◽  
Growth Potential ◽  
Economic Downturn ◽  
Average Income ◽  
Economic Sectors ◽  
Listed Firms ◽  
The World ◽  
Fast Moving Consumer Goods ◽  
Daily Stock Returns

This paper investigates the impacts of COVID-19’s new cases and stimulus packages on the daily stock returns of five key economic sectors (Finance, Fast-moving-consumer-goods (FMCG), Healthcare, Oil and Gas, and Telecommunication) in Vietnam – one of the best countries in the world for handling COVID-19. The research team uses the Pool OLS method, with the panel data of 11 342 observations from 107 listed firms in these five sectors in the period January-June 2020. The key findings are (i) all sectors’ stock returns are negatively affected by daily new confirmed cases of COVID-19, the hardest hit is on the financial sector, followed by FMCG, healthcare, oil and gas, and telecommunications sectors. Vietnam did not have many affected cases, but low average income makes investors and consumers more careful and hesitate to spend/invest; (ii) in contrast to prior studies, stimulus packages did not accelerate the growth of stock returns in all sectors, with the order from most to least negatively affected: finance, oil and gas, telecommunication, healthcare, and FMCG. The slow implementation made investors skeptical of the growth potential of firms, they assess the stimulus packages as the signs of economic downturn. This fact leads to different recommendations for the Vietnamese Government in combating COVID-19.

scholarly journals The impact of cash flow statement components on stock volatility: Evidence from Qatar

2021 ◽  
Vol 18 (2) ◽  
pp. 365-373
Author(s):  
Mo’taz Kamel Al Zobi ◽  
Othman Hel Al-Dhaimesh
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Prices ◽  
Financial Statements ◽  
Cash Flows ◽  
Significant Information ◽  
Stock Volatility ◽  
Study Results ◽  
Cash Flow Statement ◽  
The Impact

The published financial statements are considered one of the most important sources of information that investors rely on in forecasting stock performance or even judging the organization’s ability to cover short-run liabilities. Cash flows play a core role in maintaining a high market value for its shares. Hence, this study came to analyze the explanatory value of the cash flow statement in explaining stock volatility (SV) in the Qatar financial market. Study data were collected using published financial statements from a sample of 44 Qatari-listed companies throughout 2013–2019. A panel cross-sectional data technique using the E-views program was used to analyze the data. The study results show there is a positive and significant impact of cash flows from operating CFO activities on SV, indicating that the higher change in CFO increases stock volatility. This means that operating cash flows give significant information to investors, and it is reflected in the stock price movements directly. Also, the cash flow from CFF financing activities has a positive and significant effect on SV. This means that CFF affects stock prices, causing greater changes and fluctuation in stock returns. This is because one of the major components of CFF is dividends, which affect directly stock prices and stock returns. In contrast, there is an insignificant effect of CFI on SV, which may indicate that investors do not build their investment decisions based on CFI. Accordingly, the cash flow from investing activities failed to explain the stock volatility of the listed Qatari companies.

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