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A Qualitative Review Of Game Theory Models In Market Transactions Benardi Benardi; Tanti Sugiharti; A. Sigit Pramono Hadi
International Journal of Business Law, Business Ethic, Business Comunication & Green Economics Vol. 1 No. 4 (2024): Desember: International Journal of Business Law, Business Ethic, Business Commu
Publisher : LPPM STIE Kasih Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70142/ijbge.v1i4.255

Abstract

This study is a qualitative review of game theory models in market transactions, focusing on the dynamics of matching between agents with diverse preferences. By examining various recent literatures, this research identifies two competition regimes in the market related to connectivity levels, namely "weak competition" and "strong competition." In weak competition, the outcomes tend to be more evenly distributed among agents, whereas in strong competition, there is significant unfairness between sides of the market. This study emphasizes the importance of effective matching system design to enhance agent welfare. The findings also indicate that understanding agent preferences and stakeholder participation in system design are crucial for creating fair and efficient markets. Although this research provides important insights into market interactions, several limitations should be noted, including the lack of representation of external factors and specific market contexts. Therefore, further research that combines quantitative and qualitative approaches is needed to gain a deeper understanding of market dynamics.
Executive Compensation in Controversial Industries: A Qualitative Study of Pay-for-Performance Sensitivity in Sin Companies Grace Yulianti; Dadang Irawan; Tanti Sugiharti
International Journal of Business Law, Business Ethic, Business Comunication & Green Economics Vol. 2 No. 1 (2025): March: International Journal of Business Law, Business Ethic, Business Communic
Publisher : LPPM STIE Kasih Bangsa

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Abstract

This qualitative literature review examines the pay-for-performance sensitivity in managerial compensation within controversial industries, often referred to as "sin" companies, including sectors such as tobacco, alcohol, and gambling. The review synthesizes existing studies on executive compensation structures in these sectors, highlighting the unique challenges and ethical considerations they face due to societal scrutiny and regulatory pressures. Findings suggest that sin companies tend to offer higher compensation packages with stronger pay-for-performance sensitivity to attract and retain executives in high-risk environments. However, the alignment between executive incentives and long-term sustainability is often compromised by external social and ethical factors. Despite the growing interest in this area, limited empirical research specifically focusing on sin industries has resulted in a gap in understanding how these dynamics play out across different controversial sectors. The review calls for further research to explore these relationships in greater depth and across diverse global contexts.
The Role of Derivatives in Hedge Funds: A Comprehensive Review of Their Speculative Nature Tanti Sugiharti; Mario Agustino Repu Nono
International Journal of Business Law, Business Ethic, Business Comunication & Green Economics Vol. 2 No. 1 (2025): March: International Journal of Business Law, Business Ethic, Business Communic
Publisher : LPPM STIE Kasih Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70142/ijbge.v2i1.307

Abstract

This qualitative literature review explores the speculative nature of derivatives in hedge funds, analyzing their dual role as instruments for both risk management and speculative trading. The review synthesizes findings from recent studies to highlight how hedge funds utilize derivatives not only to hedge against market fluctuations but also to engage in speculative strategies aimed at maximizing profits. This behavior raises concerns about the potential for increased market volatility and systemic risk, particularly in light of the behavioral biases influencing hedge fund managers’ decision-making processes. The analysis reveals a trend where overconfidence and herd behavior can lead to aggressive derivative trading practices, exacerbating market instability. Additionally, the review emphasizes the need for regulatory frameworks that balance innovation and risk management in the derivatives market. The findings underscore the complexities surrounding the use of derivatives in hedge funds and their implications for financial markets, calling for further research to understand these dynamics better. Ultimately, this review provides a comprehensive overview of the current state of knowledge on derivatives in hedge funds and identifies areas for future investigation.