- Bandung, Jawa Barat, Indonesia
Aldrin Herwany
University of Padjadjaran (UNPAD), Management and Business, Faculty Member
Research Interests:
Research Interests:
Research Interests:
Due to dynamic challenge in stock market risk and return measurement, financial practitioners and academics are quite concerned with the development of asset pricing studies. Moreover, validity of the existing theories in the recent Asian... more
Due to dynamic challenge in stock market risk and return measurement, financial practitioners and academics are quite concerned with the development of asset pricing studies. Moreover, validity of the existing theories in the recent Asian financial difficult years stimulates another challenge to the discipline. This paper attempts to investigate the ability of CAPM and APT in explaining excess returns of
Research Interests:
... of Total Assets) Capital LIQ Liquidity (Loans to Deposits Ratio of each commercial banks) Liquidity TETA Total Expenses to Total Assets (Total Expenditure as a percentage of total assets) Expenses Management LOGTA Logarithm of Total... more
... of Total Assets) Capital LIQ Liquidity (Loans to Deposits Ratio of each commercial banks) Liquidity TETA Total Expenses to Total Assets (Total Expenditure as a percentage of total assets) Expenses Management LOGTA Logarithm of Total Assets Firm Size ...
Research Interests:
Research Interests:
Research Interests:
Research Interests:
Research Interests:
For both risk management and portfolio selection purposes, modeling the linkage across financial markets is crucial, especially among neighboring stock markets. In investigating the dependence or co-movement of three or more stock markets... more
For both risk management and portfolio selection purposes, modeling the linkage across financial markets is crucial, especially among neighboring stock markets. In investigating the dependence or co-movement of three or more stock markets in different countries, researchers frequently use co-integration and causality analysis. Nevertheless, they conducted the causality in mean tests but not the causality in variance tests. This paper