Detail Foreign Ownership, Firm Value and Currency Depreciation: Evidence from Indonesia (presented in Knowledge Development and Exchange in International Business Networks. Milan, Itali, June 3-Juli 3, 2008) Bibliografi Author: Chevalier, Alain ; Prasetyantoko, A. Ico Tri Topik: currency depreciation; firm value; ownership Bahasa: (EN )     Penerbit: Academy of International Business     Tempat Terbit: Milan    Tahun Terbit: 2008     Jenis: Papers/Makalah - pada seminar internasional Fulltext: text - Paper 20 - EURO-Praque.pdf (98.76KB; 7 download) [Informasi yang berkaitan dengan koleksi ini di internet] Abstract This paper intends to investigate the relation between firm value and foreign ownership when the currency depreciation is present. The sample is listed companies in Jakarta Stock Exchange for period 1994 – 2004. We employ two principal measurements, namely market value (Tobin’s Q and market capitalization growth) and fundamental value (Return-on-assets /ROA and net income growth). This paper finds that at the time of depreciation, generally, firms have higher firm value, but it fall in the year after depreciation. Our findings also show that currency depreciation decreased firm value of local firm more significantly than foreign owned firms. In such a case, firm with majority foreign ownership is predicted as firm with a high firm value. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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