Article Per Year (5 Year)
p-Index From 2021 - 2026
0
P-Index
This Author published in this journals
All Journal Sebelas Maret Business Review
Wisnu Untoro
Faculty of Economics and Business, UniversitasSebelasMaret
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
State-owned Banks Loans to Their Connected Parties: Evidence from Indonesia Wisnu Untoro
Sebelas Maret Business Review Vol 1, No 2 (2016): December 2016
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i2.2256

Abstract

I hypothesize that banks’ stockholders react negatively to the announcement of state-owned (government) banks loans to their connected parties. Arguably, minority shareholders may suppose that connected lending are granted for unprofitable project as state-owned banks have to help government in the social and development activities. Using data for Indonesia state-owned banks loans, I find little evidence that market reacts negatively to the loans which are granted to connected parties.
Co-Authors