Sebelas Maret Business Review
Vol 1, No 2 (2016): December 2016

State-owned Banks Loans to Their Connected Parties: Evidence from Indonesia

Wisnu Untoro (Faculty of Economics and Business, UniversitasSebelasMaret)

Article Info

Publish Date
01 Dec 2016

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.

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Journal Info
Sebelas Maret Business Review
Website

Abbrev

SMBR

Publisher

Universitas Sebelas Maret

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

SMBR publishes both empirical and non-empirical (contextual, descriptive, case-study) articles emphasizing on the recent business issues nationally or internationally. To cope with the current advancement of publishing world especially in academic journal article, SMBR follows the modern-style of ...