Is Indonesia's stock market different when it comes to predictability?
Sign Up to like & getrecommendations! Published in 2019 at "Emerging Markets Review"
DOI: 10.1016/j.ememar.2019.100623
Abstract: Abstract We construct a unique dataset consisting of 342 firms aimed at stock return predictability. Using seven predictors, we show that unlike in conventional markets, it is capital expenditure that is the most successful predictor… read more here.
Keywords: indonesia stock; predictability; capital expenditure; stock market ... See more keywords
An Empirical Analysis of Analysts' Capital Expenditure Forecasts: Evidence from Corporate Investment Efficiency*
Sign Up to like & getrecommendations! Published in 2020 at "Contemporary Accounting Research"
DOI: 10.1111/1911-3846.12597
Abstract: We examine whether the information conveyed in a relatively new analyst research output — capital expenditure (capex) forecasts — affects corporate investment efficiency. We find that firms with analyst capex forecasts exhibit higher investment efficiency.… read more here.
Keywords: corporate investment; investment; capital expenditure; capex forecasts ... See more keywords
Fiscal decentralisation and capital expenditure composition of regional government in Indonesia
Sign Up to like & getrecommendations! Published in 2020 at "International Journal of Trade and Global Markets"
DOI: 10.1504/ijtgm.2020.104909
Abstract: This study analyses the impact of fiscal decentralisation on the composition of regional government spending using unbalanced panel data of districts and cities in Indonesia during 2011-2015. Fiscal decentralisation, in terms of spending, increases the… read more here.
Keywords: composition; capital; capital expenditure; fiscal decentralisation ... See more keywords