Detail Does Foreign Ownership Matter on Firm Investment in Indonesia? (Presented in 32nd European International Business Academy (EIBA) Annual Conference 2006, Fribourg, Switzerland, December 7-9, 2006) Bibliografi Author: Prasetyantoko, A. Ico Tri Topik: financial crisis; ownership structure; firm's investment Bahasa: (EN )     Penerbit: Faculty of Economics and Social Sciences, Perolles II University of Fribourg     Tempat Terbit: Fribourg    Tahun Terbit: 2006     Jenis: Papers/Makalah - pada seminar internasional Fulltext: text - Paper 9 - EIBA.pdf (180.08KB; 1 download) Abstract This paper explains how foreign ownership participation matters on the sensitivity of investment and internal liquidity of the firms in Indonesia. Studies on international business commonly show that firms owned by foreign parties have distinctive competences concerning on their abilities to perform better, even in the midst of crisis. Consistent with this theoretical prediction, this paper finds that foreign-owned firms are less financially constrained, especially in short-term investment, in post-crisis period in Indonesia. Empirical evidence is provided by splitting samples into two groups, namely MNC and DC, dealing with 157 listed companies in Jakarta Stock Exchange (JSX) with at least five consecutives years during the period 1994 – 2004. By employing panel data analysis, the results support that MNC perform better with higher sales and market opportunity and less-leveraged in post-crisis Indonesia, which should lead them to be less financially constrained. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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