Lf,MBAR
HASIL PEI{ILAIAN SEJAWAT SEBIDAI\IG ATAA PEER
REWEY
Judul Jumal llmiah (Artikel) Penulis Jumal llmiah/ Jumlah penulis
Status Pengusul
Identitas.lumal
Ilmiah r
Kategori Publikasi Karya Ilmiah,&uku
(beri v pada kategori yang tepat) Hasil Penilaian Peer Review :
KARYA
ILMIAH
: JURNALILMIAH
Corporate Social l{esponsibility on SRI KEIJATI Index Corporate l't'rlormunce: A Clsc StudS
Sugeng Wahyudi, lrene Rini Demi Pangesitti, Rio Dhani L.aksana.
I{ersugonrlo. Robil'anto;' 5 orang Penulis Anggota
a.
Nama Jumalb.
Nomor ISSNc.
Volume, no,bulan, tahun
d.
Penerbite.
DOI artikelfika
ada)f.
Alamat web .iumal:
International Journal ofEconomics and Business Administration:
2241-4754:
Volume VI, Issue 4, hal. 93 s/d 104, 2018:
European Research Center ofManagerial Studies in Business Administration:
10.35808/ijeba/179:
https://www.rjeba.comTerindeks di CEEOL.EBSCO.RePEc. SCOPUS (Q3), SJR 2018 0,25. H Indeks l8 Jurnal il m iah in+emasie*alllnternasional bereputasi * *
Jumal ilmiah nasional Terakreditasi
Jumal ilmiah nasional/nas. terindeks di DOAJ,CABI. Copernicus**
Komponen Yang Dinilai
Nilai Maksimal Jurnal llmiah
Nilai Yang Diperoleh In+e+n*sien*U
fnternasional bereoutasi
ft1
Nasional Terakreditasi
Nasional Tidak Terakreditasi
t--l
a. Kelengkapan unsur isi (10%) 4.00 3,75
b. Ruang lingkup dan kedalaman nembahasan (307n)
12,00 11,50
c. Kecukupan dan kemutahiran data /informasi dan metodolosi (30o/o\
12,00 11,25
d. Kelengkapan unsur dan kualitas terbitan/irrmal 130ol")
12,00 11.25
Total =
(r00%) 40,00 37,75Nilai pengusul: (40"/o x 37,75114
:
3,775 3,775Catatan Penilaian oleh Reviewer:
l.
Kesesuaian dan kelenskaoan unsur isi iurnal: Penulisan publikasi sudah sesuai dengan "Instruction for Authors" padajumal terkait. Substansi artikel sudah sesuai dengan bidang ilrnu pengusul @konomi Manajemen). Forrrdjumal lengkap dan snuktur penulisan baik(skor:
3,75).2.
Ruang linekun dan kedalaman oembahasan: Substansi artikel sezuai dengan ruang lingkup jurnal (Business Economics to Management Finance, Accounting, Insurance, Risk Managemen! Auditing Banking and lntemational Economics). Pembahasan baik dan mendalam (9 dari 35 bh rujukannya dilibatkan dalam proses membahas hasil) (skor=
11,50).3.
Kecukupan dan kemutakhiran data/informasi dan metodoloei: Data hasil penelitian zudah menur{ukkan kebaruan informasi dimana terdapat 12 buah pustaka acuan yang mutakhir dad 35 buah rujukaorya Sebanyak 34 dari 35 pustaka berupa Jumal, (menunjukkan proses review dan kecukupan pustaka sudah memenuhi)(skor:
11,25).4.
Kelenskaoan unsur dan kualitas terbitan: Jumal ini tergolong J.lntemasional Bereputasi terindets di Scopus. Prosss editoria]sudah baik. Editorial board lebih dari 5 negar4 Jumal terbit secara teratur 4 kali dalam satu tahun. Kontibutor lebih dari 3 negar4 ISSN 2241-4754, (skor
:
11,25).Peer Review,
Prof.Drs. Imam zali, M.Com., Akt., Ph.D.
NIP.
19580816I
;03I
002Unit Kerja: Jurus Akutansi Fakultas Ekonomika dan Bisnis Universitas Diponegoro
Document details
References (35)
1 of 1
Corporate social responsibility on SKI KEHATI index corporate performance : A case study
(Review), , , ,
Diponegoro University, Indonesia Jenderal Soedirman University, Indonesia Satya Wacama Christian University, Indonesia
Abstract
Many companies are now increasingly aware of the importance of implementing Corporate Social Responsibility (CSR) as part of their business strategy and as the embodiment of the company's concern to society. This study specifically examines the SRI - KEHATI Index which is a new index that specifically includes issuers that have excellent performance in encouraging sustainable businesses, as well as having awareness of the environment,
social and good corporate governance using an analysis technique that is regression weight in structural equation modelling used to examine the relationship between the variables. The model for this research is illustrated by the path diagram. It proves that the environment influences the company's financial performance , showing that the better the environmental performance , the respondent will respond positively through the fluctuations in the company's stock price which can improve the company's financial performance . The higher the corporate governance, the higher the corporate performance will be. Corporate Social Responsibility disclosure activities have a significant influence on the company's financial performance . The higher the social
responsibility , the higher the corporate performance SRI - KEHATI . The strength of the theory of organizational legitimacy in the content of corporate social responsibility in developing countries has two elements; first, the capability to place profit maximization motives and second this makes a clearer picture of the company's motivation to increase its social responsibility . © 2018 International Strategic Management Association. All rights reserved.
SciVal Topic Prominence
Topic:
Prominence percentile: 81.587
Author keywords
Corporate social responsibility Indonesia stock exchange SRI - KEHATI index
◅ Back to results
Export
Download
Print
E-mail
Save to PDF⋆
Add to List More...▻
View at Publisher
International Journal of Economics and Business Administration Volume 6, Issue 4, 2018, Pages 93-104
Wahyudi, S.a Pangestuti, I.R.D.a Laksana, R.D.b Hersugondoa Robiyantoc
a b c
View references (35)
Anomaly | Calendar anomalies | Effect
ISSN: 22414754 Source Type: Journal Original language: English
Document Type: Review
Publisher: International Strategic Management Association
▻ View in search results format All Export
Print
E-mail
Save to PDF Create bibliographyPlumX Metrics
Usage, Captures, Mentions, Social Media and Citations beyond Scopus.
Metrics
1
Citation in Scopus0.97
Field-Weighted Citation ImpactCited by 1 document
, ,
(2019) Investment Management and Financial Innovations
Inform me when this document is cited in Scopus:
Related documents
, ,
(2016) International Journal of Economic Research
,
(2015) Gadjah Mada International Journal of Business
, ,
❓ View all metrics ▻
Determinants of financing decision: Empirical evidence on manufacturing firms in Indonesia Sutomo, S. Wahyudi, S. Demi Pangestuti, I.R.
View details of this citation
Set citation alert ▻
▻ Set citation feed
The test of day of the week effect and turn-of-month effect by using a garch approach: Evidence from Indonesia capital market Hersugondo, H. Robiyanto, R.
Wahyudi, S.
The Javanese lunar calendar’s effect on Indonesian stock returns
Robiyanto Puryandani, S.
Chinese zodiac effect and precious metals returns of 1900- 2013
Robiyanto Hersugondo Puryandani, S.
Brought to you by Universitas Diponegoro
Search Sources Lists SciVal ↗ Create account Sign in
Altiza, M.
Effects of Trading Days on Stock Returns: An Analysis of Efficient Market Anomalies (2007) Journal of Management Sciences, 3 (1), pp. 31-42. .
Arvanitis, E.S., Stamatopoulos, V.Th., Chatzimarkaki, M.
Cash and Ownership on Firms Market Value: Evidence from Greek Panel Data
(2017) International Journal of Economics & Business Administration, 5 (1), pp. 70-91. .
Ariel, R.A.
(1987) Journal of Financial Economics, 18 (1), pp. 161-174. . doi: 10.1016/0304-405X(87)90066-3
Bollerslev, T.
(1986) Journal of Econometrics, 31 (3), pp. 307-327. . doi: 10.1016/0304-4076(86)90063-1
Brockman, P., Michayluk, D.
(1998) Journal of Economics and Finance, 22 (1), pp. 71-85. . doi: 10.1007/BF02823234
Brooks, R.M., Kim, H.
(1997) Quarterly Review of Economics and Finance, 37 (3), pp. 725-737. .
Cahyaningdyah, D., Witiastuti, S.R.
Monday Effect and Rogalski Effect Analysis on the Jakarta Stock Exchange (2010) Journal of Management Dynamics, 1 (2), pp. 154-168. .
Corhay, A., Rad, A.T.
(1994) Journal of Business Finance & Accounting, 21 (2), pp. 271-282. . doi: 10.1111/j.1468-5957.1994.tb00318.x
Coutts, J.A.
(1999) Applied Economics Letters, 6 (1), pp. 35-37. . doi: 10.1080/135048599353843
1
Cited 2 times
2
Cited 6 times
3
A monthly effect in stock returns
Cited 269 times
View at Publisher
4
Generalized autoregressive conditional heteroskedasticity
Cited 8933 times View at Publisher
5
Individual versus institutional investors and the weekend effect
Cited 13 times http://www.springer.com/economics/journal/12197
View at Publisher
6
The individual investor and the weekend effect: A reexamination with intraday data
Cited 17 times http://www.elsevier.com
7
Cited 2 times
8
STATISTICAL PROPERTIES OF DAILY RETURNS: EVIDENCE FROM EUROPEAN STOCK MARKETS
Cited 47 times View at Publisher
9
Friday the thirteenth and the financial times industrial ordinary shares index 1935-94
Cited 15 times http://www.tandf.co.uk/journals/titles/13504851.asp
View at Publisher
(2015) International Journal of Applied Business and Economic Research
Find more related documents in Scopus based on:
View all related documents based on references
▻
Authors Keywords ▻
Coutts, J.A., Sheikh, M.A.
(2002) Applied Financial Economics, 12 (12), pp. 863-871. . doi: 10.1080/09603100110052172
El-Chaarani, H.
(2017) European Research Studies Journal, Part A 20 (2), pp. 538-567. .
Fama, E.F.
Efficient Capital Markets: A Review of Theory and Empirical Work (1970) Journal of Finance, 25 (2), pp. 383-417. .
Fitriyani, I., Ratna Sari, M.M.
January Effect Analysis on LQ-45 Index Shares in the Indonesia Stock Exchange in 2009-2011 (2013) Accounting E-Journal of Udayana University, 4 (2), pp. 421-438. .
Frieder, L., Subrahmanyam, A.
(2004) Financial Analysts Journal, 60 (4), pp. 29-34+1-2. .
Giannakopoulou, E.N., Thalassinos, E.I., Stamatopoulos, T.V.
(2016) Maritime Policy and Management, 43 (1), pp. 19-38. . doi: 10.1080/03088839.2015.1009185
Grima, S., Seychell, S., Bezzina, F.H.
(2017) European Research Studies Journal, Part A 20 (4), pp. 3-17. .
Ivanova, I.A., Bikeeva, M.V.
(2016) European Research Studies Journal, Part A 19 (3), pp. 167-184. . 10
The anomalies that aren't there: The weekend, January and pre-holiday effects on the all gold index on the Johannesburg Stock Exchange 1987-1997
Cited 27 times View at Publisher
11
The mutual impacts of corporate governance dimensions and legal protection systems on the performance of European banks: A post-crisis study
Cited 6 times
http://www.ersj.eu/index.php?option=com_docman&task=doc_download&gid=690&Itemid=154 View at Publisher
12
Cited 6288 times
13
Cited 3 times
14
Nonsecular regularities in returns and volume
Cited 64 times View at Publisher
15
Corporate governance in shipping: an overview
Cited 25 times http://www.tandf.co.uk/journals/titles/03088839.asp
View at Publisher
16
Investigating factors predicting derivative mishandling: A sociological perspective
Cited 21 times http://www.ersj.eu/
View at Publisher
17
Corporate social responsibility: Specificity, formation mechanism, estimation of management efficiency
Cited 22 times
http://www.ersj.eu/index.php?option=com_docman&task=doc_download&gid=552&Itemid=154 View at Publisher
Kamath, R.R., Chakornpipat, R., Chatrath, A.
(1998) Journal of Economics and Finance, 22 (2-3), pp. 97-106. .
Laksana, R.D., Hersugondo, H., Wahyudi, S., Muharam, H.
(2017) Journal of Applied Economic Sciences, 12 (4), pp. 977-984. .
LAKONISHOK, J., MABERLY, E.
(1990) The Journal of Finance, 45 (1), pp. 231-243. . doi: 10.1111/j.1540-6261.1990.tb05089.x
Lucey, B.M.
(2000) Journal of Economics and Finance, 24 (3), pp. 294-301. . doi: 10.1007/BF02752610
Lucey, B.M.
(2001) Applied Economics Letters, 8 (9), pp. 577-579. . doi: 10.1080/13504850010025664
Lutfiaji, Djazuli, A.
(2012) The Day of The Week Effect, Week Four Effect and Rogalski Effect Testing Against Returns on LQ-45 Stocks on The Indonesia Stock Exchange, pp. 1-11.
Working Paper
Martikainen, T., Perttunen, J., Puttonen, V.
(1995) Journal of Futures Markets, 15 (6), pp. 605-615. . doi: 10.1002/fut.3990150602
McGuinness, P.B.
(2006) Applied Economics Letters, 13 (14), pp. 891-898. . doi: 10.1080/13504850500426046
18
Return distributions and the day-of-the-week effects in the stock exchange of Thailand
Cited 16 times
19
The new decomposition asset growth effect. An empirical evidence of Indonesia
Cited 5 times http://cesmaa.org/Extras/JAESArchive
20
The Weekend Effect: Trading Patterns of Individual and Institutional Investors
Cited 238 times View at Publisher
21
Friday the 13th and the philosophical basis of financial economics
Cited 20 times http://www.springer.com/economics/journal/12197
View at Publisher
22
Friday the 13th: International evidence
Cited 12 times View at Publisher
23
24
Finnish turn ‐ of ‐ the ‐ month effects: Returns, volume, and implied volatiliy
Cited 12 times
View at Publisher
25
'Turn-of the-month' return effects for small cap Hong Kong stocks
Cited 5 times View at Publisher
McGuinnessa, P.B., Harrisb, R.D.F.
(2011) Applied Financial Economics, 21 (13), pp. 917-929. . doi: 10.1080/09603107.2010.548782
Nikkinen, J., Sahlström, P., Äijö, J.
(2007) Journal of Futures Markets, 27 (2), pp. 105-126. . doi: 10.1002/fut.20244
OGDEN, J.P.
(1990) The Journal of Finance, 45 (4), pp. 1259-1272. . doi: 10.1111/j.1540-6261.1990.tb02435.x
Pearce, D.K.
(1996) Journal of Economics and Finance, 20 (3), pp. 69-80. . doi: 10.1007/BF02920608
Robiyanto
Effect of Stock Trading Day Against Stock Daily Returns on the Jakarta Stock Exchange (A Study of JCI, Sectoral Stock Index and Featured Stock Index (LQ 45))
(2000) Business Strategy Journal, 5, pp. 46-94.
Savina, T.N.
(2016) European Research Studies Journal, Part B 19 (3), pp. 56-76. .
Shah, S.M., Rehman, U.A., Syed Nisar, A.
The Ramadhan Effect on Stock Market
(2014) European Academic Research, 1 (11), pp. 4712-4720. .
Sias, R.W., Starks, T.L.
The Day-of-the-Week Anomaly: The Role of Institutional Investors (1995) Financial Analysts Journal, pp. 58-67. . May/June
26
Comparison of the 'turn-ofthe-month' and lunar new year return effects in three Chinese markets: Hong Kong, Shanghai and Shenzhen
Cited 10 times View at Publisher
27
Turn-of-the-month and intramonth effects: Explanation from the important macroeconomic news announcements
Cited 17 times
View at Publisher
28
Turn ‐ of ‐ Month Evaluations of Liquid Profits and Stock Returns: A Common Explanation for the Monthly and January Effects
Cited 116 times
View at Publisher
29
The robustness of calendar anomalies in daily stock returns
Cited 10 times View at Publisher
30
31
The institutionalization of the concept of corporate social responsibility: Opportunities and prospects
Cited 12 times
http://www.ersj.eu/index.php?option=com_docman&task=doc_download&gid=561&Itemid=154 View at Publisher
32
Cited 4 times
33
Cited 59 times
1 of 1
Suryanto, T., Thalassinos, E.J., Thalassinos, I.E.
Board Characteristics, Audit Committee and Audit Quality: The Case of Indonesia
(2017) International Journal of Economics & Business Administration, 5 (3), pp. 47-57. .
Zwergel, B.
(2010) Applied Financial Economics, 20 (11), pp. 911-922. . doi: 10.1080/09603101003724307
© Copyright 2019 Elsevier B.V., All rights reserved.
34
Cited 15 times
35
On the exploitability of the turn-of-the-month effect-an international perspective
Cited 10 times
View at Publisher
◅ Back to results Top of page
About Scopus
What is Scopus Content coverage Scopus blog Scopus API Privacy matters
Language
⽇本語に切り替える 切换到简体中文 切換到繁體中文 Русский язык
Customer Service
Help Contact us
Copyright © . All rights reserved. Scopus® is a registered trademark of Elsevier B.V.
We use cookies to help provide and enhance our service and tailor content. By continuing, you agree to the .
Terms and conditions ↗ Privacy policy ↗ Elsevier B.V ↗
use of cookies
Source details
International Journal of Economics and Business Administration
Scopus coverage years: from 2018 to 2019
Publisher: International Strategic Management Association ISSN: 2241-4754
Subject area:
Business, Management and Accounting: General Business, Management and Accounting Economics, Econometrics and Finance: General Economics, Econometrics and FinanceView all documents
▻
Set document alert
Save to source list Journal HomepageSJR
SNIP
CiteScore Scopus content coverage
Metrics displaying this icon are compiled according to , a collaboration between industry and academia.
Last updated on 08 December, 2019
CiteScoreTracker 2019
1.81
=Citation Count 2019 Documents 2016 - 2018
=
Updated monthly56 Citations to date ▻
▻ 31 Documents to date
↗
Snowball Metrics
About Scopus
What is Scopus Content coverage Scopus blog Scopus API Privacy matters
Language
⽇本語に切り替える 切换到简体中文 切換到繁體中文 Русский язык
Customer Service
Help Contact us
Copyright © . All rights reserved. Scopus® is a registered trademark of Elsevier B.V.
We use cookies to help provide and enhance our service and tailor content. By continuing, you agree to the .
Terms and conditions ↗ Privacy policy ↗ Elsevier B.V ↗
use of cookies
Brought to you by Universitas Diponegoro
Search Sources Lists SciVal ↗ Create account Sign in
1/3/2020 Home - International Journal of Economics and Business Administration
https://www.ijeba.com 1/5
Latest Issue
Volume VII(2019), Issue 1
About the journal
The International Journal of Economics & Business Administration (IJEBA) is a refereed publication which focusses on Economic and Administration challenges that economic units of various nature face in today’s rapidly changing international economic environment. The scope of IJEBA is to publish original, high-quality research work in Business Economics having a signi cant impact on the theory and practice of business, public organizations and other institutions. The ultimate mission of IJEBA is to constitute a valuable resource of scienti c knowledge and applied research results for academics, practitioners and policy-makers, becoming an indispensable ally in tackling modern economy’s challenges. IJEBA was launched in 2013, has been evaluated and indexed in several databases among them Scopus (effective 2018), RePEc, SSRN, JEL, Citefactor and others, and is under evaluation by WoS. Articles are submitted via the on-line submission platform and are registered in the electronic platform with a unique submission number. Before the submission author(s) are kindly asked to open the “instructions for authors” link for
International Journal of Economics and Business Administration
ISSN: 2241-4754
Search Articles, Authors
1/3/2020 Home - International Journal of Economics and Business Administration
https://www.ijeba.com 2/5
further details regarding the style of the submission.
ISSN: 2241-4754
Latest articles
Family In uence in Maltese Listed Companies: The Implications on Corporate Governance
Variables Affecting the Book Value of Manufacturing Companies: The Case of Indonesia Creative Self-Ef cacy: A New Approach to Social Support and Creativity of SMEs’ Owners The Impact of Population Ageing and Social Strati cation: The Case of Latvia
The Relevance of Shopper Marketing Touchpoints: An Empirical Study on Wine Choice in Restaurants
Most read
The Effect of Tax Structure in Economic Growth
Capital Structure and Firm Size on Firm Value Moderated by Pro tability
Quality of Board Members’ Training and Bank Financial Performance: Evidence from Portugal
The Impact of Social Media Usage on Performance of the Banking Sector in Middle East
and North Africa Countries
1/3/2020 Home - International Journal of Economics and Business Administration
https://www.ijeba.com 3/5
Country Risk on the Bank Borrowing Cost Dispersion Within the Euro Area during the Financial and Debt Crises
Call for Papers
The International Journal of Economics & Business Administration is inviting submissions for it's next issue.
Learn more and find out how to submit
1/3/2020 Editorial Board - International Journal of Economics and Business Administration
https://www.ijeba.com/page/editorial-board 1/6
Editorial Board
ERSJ Editorial Board-Referrees
Name University Department City Country
Prof. N.
Adamou City University
of New York BMCC College New York USA Prof. A. Akarca University of
Illinois
Dept of Economics
Chicago USA
Prof. J-P.
Allegret
U of Nice Sophia Antipolis
Dept of Economics &
Econometrics
Nice France
Prof. G.
Andreopoulos City University
of New York John Jay
College New York USA
Prof. G.C.
Andreopoulos William
Paterson U Dept of
Finance Newark USA
Prof. G.
Antoniou
Montclair State U
Dept of Economics &
Finance
Montclair USA
Prof. A. Ari Kirklareli U Dept of
Economics Kirklareli Turkey Prof. G.
Athanassakos U of Western Ontario London
Dept of
Finance Ontario Canada
International Journal of Economics and Business Administration
ISSN: 2241-4754
Search Articles, Authors
1/3/2020 Editorial Board - International Journal of Economics and Business Administration
https://www.ijeba.com/page/editorial-board 2/6
Prof. A. Bandoi U of Craiova Dept of Economics &
Business
Craiova Romania
Prof. A.
Balcerzak Nicolaus
Copernicus U Faculty of
Economics Turin Poland
Prof. B. Batavia De-Paul University of Chicago
Dept of Business &
Finance
Chicago USA
Prof. Emeritus G. Bitros
Athens U of Economics &
Business
Dept of Economics
Athens Greece
Prof. T.H.
Bonitsis
New Jersey Institute of Technology
Dept of Finance
Newark USA
Prof. P.
Breckova U of Finance &
Public
Administration
Dept of
Management Prague Chech
Republic
Prof. A. Brelik U of West Pomeranian U of Szcezcin
Dept of Regional and European Studies
Szcezcin Poland
Prof. S.I.
Bukowski Pulaski U of Technology and
Humanities
Dept of Business &
Economics
Radom Poland
Prof. E. Charou Merrimack College
Dept of Economics
Merrimack USA
Prof. Emeritus E. Claessens
U of
Antwerpen
Dept of Economics
Antwerp Belgium
Prof. I. Novo- Corti
U of A Coruna Dept of Economic Analysis
Coruna Spain
Prof. M. Cristea U of Craiova Dept of Economics &
Business
Craiova Romania
Prof. E.
Dedousis American U of
Dubai Dept of
Business Dubai UAE
1/3/2020 Editorial Board - International Journal of Economics and Business Administration
https://www.ijeba.com/page/editorial-board 5/6
Prof. I. Mazreku U Hazhi Peza
Kosovo Dept of
economics Peza Kossovo
Prof. A.
Michiotis Hellenic Open
U Dept of
Management Athens Greece
Prof. V.
Monastiriotis London School
of Economics Dept of Economics &
Political Sciences
London UK
Prof. C. Negakis Macedonia U
of Thessaloniki Dept of
Accounting &
Finance
Thassaloniki Greece
Prof. V. Palea U Degli Studi
di Torino Dept of
Economics Torino Italy
Prof. D.M.
Pociovalisteanu “Constantin
Brancusi” U Dept of
Economics Targu Jue Romania
Prof. A. Pusca Danube U of
Galati Dept of Law Galati Romania
Prof. E.L.
Rivera-Solis Dowling
College Dept of
Management New York USA
Prof. E.
Sambracos
U of Piraeus Dept of Economic Sciences
Piraeus Greece
Prof. S. Shapiro New York Institute of Technology
Dept of
Informatics New York USA
Prof. S. Stattev U of National and World Economy
Dept So a Bulgaria
Prof. S.K.
Staikouras
City U of London
Dept of Business
London UK
Prof. T.
Suryanto
Raden Intan U Dept of Accounting
Lanpung Indonesia
Prof. Ileana Tache
Transilvania U of Brasov
Dept of Marketing
Brasov Romania
Prof. A. Tanasie U of Craiova Dept of
Economics & Craiova Romania
1/3/2020 Editorial Board - International Journal of Economics and Business Administration
https://www.ijeba.com/page/editorial-board 6/6
Business Dr. Y.
Thalassinos Gulf U of Science &
Technology
Dept of
Accounting &
Finance
Kuwait City Kuwait
Prof. N. Theriou Eastern Macedonia and Thrace Institute of Technology
Dept of Business
&Finance
Greece
Ass. Prof. E.
Uğurlu Istanbul Aydın
University Department of Economics and Finance
Istabul Turkey
Prof. J. Zantes U of Saarland Dept of
Management
Saarland Germany
Copyright © 2020 International Journal of Economics and Business Administration
Privacy Policy Terms And Conditions Sitemap
1/3/2020 Volume VI, Issue 4 - International Journal of Economics and Business Administration
https://www.ijeba.com/issues/6/29 1/2
Volume: VI Issue: Issue 4
Volume VI, Issue 4, 2018
Change of Management Accounting Practices
Yudhi Herliansyah
International Journal of Economics & Business Administration, Volume VI, Issue 4, 3-13, 2018
Analysis of the In uencing Factors on the Farmers’ Take-up of Greenhouse Agricultural Insurance Cover: A Case Study
Ercan Ozen , Simon Grima
International Journal of Economics & Business Administration, Volume VI, Issue 4, 14-33, 2018
The Connection between Accounting and Taxation from the Perspective of Preparing the Financial Statements
Nexhmie Berisha Vokshi
International Journal of Economics & Business Administration, Volume VI, Issue 4, 34-47, 2018
View Article Download Article
View Article Download Article
View Article Download Article
International Journal of Economics and Business Administration
ISSN: 2241-4754
Search Articles, Authors
1/3/2020 Volume VI, Issue 4 - International Journal of Economics and Business Administration
https://www.ijeba.com/issues/6/29 2/2
The In uence of Work Stress, Working Cost, Compensation and Work Discipline on Employee’ Productivity
Suharno Pawirosumarto , Dini Iriani
International Journal of Economics & Business Administration, Volume VI, Issue 4, 62-75, 2018
Country Risk on the Bank Borrowing Cost Dispersion Within the Euro Area during the Financial and Debt Crises
George Michalopoulos, Konstantinos Tsermenidis
International Journal of Economics & Business Administration, Volume VI, Issue 4, 76-92, 2018
Corporate Social Responsibility on SKI KEHATI Index Corporate Performance: A Case Study
S. Wahyudi , I.R.D. Pangestuti , R.D. Laksana , Hersugondo , Robiyanto
International Journal of Economics & Business Administration, Volume VI, Issue 4, 93-104, 2018
Takeover Defenses in the United Kingdom
Isidora Tachmatzidi
International Journal of Economics & Business Administration, Volume VI, Issue 4, 105-118, 2018
View Article Download Article
View Article Download Article
View Article Download Article
View Article Download Article
Copyright © 2020 International Journal of Economics and Business Administration
Privacy Policy Terms And Conditions Sitemap
International Journal of Economics and Business Administration Volume VI, Issue 4, 2018
pp. 105-118
Takeover Defenses in the United Kingdom
Isidora Tachmatzidi
1Abstract:
The present paper provides a framework of takeover defenses in the United Kingdom and analyzes the role of takeover defenses in the UK that has implemented the EU Takeover Directive in its jurisdiction.
There is an analysis of UK hostile takeovers and takeover defenses regulation, along with the case law that formulated it. There is a presentation of takeover defenses involving frustrating actions, such as restructuring defenses, target repurchases, litigation, as well as defensive actions, including strategies such as the defense document strategy, lobbying, seeking alternative bids, profit forecasts.
The analysis of takeover defenses in cases of hostile takeovers in the UK market aims to enhance the understanding of their application framework and to provide further insight on the way the structure of the economy influences takeover defenses and vice-versa.
It, also, intends to provide feedback for the assessment of economic processes on potential restructuring and normalization in the UK as well as the EU, especially in the light of Brexit that will likely create extensive negotiations on future policy implementation both in the UK and EU.
Keywords: Takeover defenses, hostile takeovers, legal framework, economy structure,
frustrating actions, defensive actions, restructuring, greenmail, litigation, defense document, lobbying, white knight, white squire, profit forecasts, Brexit.
JEL Classification: K20, K22, K23.
1 King’s College London, Law of Laws Master (LLM - International Business Law), e-mail:
[email protected]
Takeover Defenses in the United Kingdom
106
1. Introduction
Takeovers could be divided into two categories; friendly and hostile. In the case of hostile takeovers, the target board employs certain defenses, called takeover defenses, in order to obstruct the hostile takeover that may be implemented either before or after the announcement of the takeover bid.
The analysis of takeover defenses employed in hostile takeovers in the present article will be categorized in frustrating and defensive actions. The former involves acts obtained by the board that result to a material corruption of the decision-making process or to the deprivation of the right of shareholders to decide on the matter (Ogowewo, 1997).
However, there is the ‘no frustration’ rule that prevents the board from acquiring such defenses. The only instance where the board is permitted to use frustrating acts is when the target shareholders or the panel has given its approval for the use of such defenses, meaning that it has rejected the takeover offer (Kraakman, 2009) or when the actions frustrate only the bidder and not the target shareholders. Defensive actions on the other hand, involve acts that board is permitted to employ to influence the target shareholder with the aim to obstruct the takeover bid.
2. UK Takeover Regulation
The European Takeover Directive 2004 (Directive 2004/25/EC), which provides for the regulation of takeovers in the European Union, defines a ‘takeover bid’ as “a public offer…made to the holders of the securities of a company to acquire all or some of those securities…which follows or has as its objective the acquisition of control of the offer company in accordance with national law” (Article 2(1)(a) Takeover Directive 2004).
The 2004 Directive has been implemented in the UK with the UK Takeover Code via the Companies Act 2006. The UK Takeover Code involves the regulation of takeovers, as well as takeover defenses in the UK which are the focus of this paper.
Rule 21.1 of the UK Takeover Code sets the framework for frustrating actions which are taken after the announcement of a takeover offer is made public or when the offer is imminent and are not permitted without the approval of the shareholders. The UK Takeover Code also, regulates defensive actions taken by the board, which can be employed in order to obstruct a takeover bid.
3. Frustrating Actions 3.1. Rule 21 UK takeover code
According to Rule 21.1, the board of directors of the target company is not allowed
without prior shareholder approval to employ defenses that can frustrate the takeover
International Journal of Economics and Business Administration Volume VI, Issue 4, 2018
pp. 76-92
Country Risk on the Bank Borrowing Cost Dispersion Within the Euro Area during the Financial and Debt Crises
George Michalopoulos
1, Konstantinos Tsermenidis
2Abstract:
The purpose of this study is to evaluate the impact of the country risk factors on the dispersion of the cost of bank borrowing within the euro area, during the period of the global financial and Eurozone debt crises.
The main aim is to empirically evaluate the degree to which the cost of borrowing differentials of euro area countries can be explained by changing dispersion in country risk (measured by government bond spreads).
The results using rolling estimations suggest that the impacts of bond yield spreads are not such a significant determinant of the observed dispersion of the cost of borrowing, a dispersion that has been worsen after the outbreak of the global financial crisis and the subsequent euro area debt crisis.
Even in the cases where a significant association is found for some countries, it seems that it is weakening as we move further away from the beginning of the turbulent periods.
Keywords: Country risk, cost dispersion, financial and debt crisis.
JEL Classification codes: E4, G21, E43, F330, F360.
1
Associate Professor, Dept of Accounting & Finance, University of Macedonia, Greece,
[email protected]2
Ph.D. Candidate, Dept of Accounting & Finance, Univ. of Macedonia, Greece,
[email protected]International Journal of Economics and Business Administration Volume VI, Issue 4, 2018
pp. 14-33
Analysis of the Influencing Factors on the Farmers’ Take-up of Greenhouse Agricultural Insurance Cover: A Case Study
Ercan Ozen
1, Simon Grima
2Abstract:
The purpose of this study is to analyse the insurance claims and insurance intentions of the farmers who are engaged in greenhouse cultivation and to determine the influencing factors affecting the insurance process.
Various methods were used in the study since results obtained from one source were deemed insufficient in explaining the insurance behaviours of farmers. These included a survey, interview, document analysis and a literature review. The survey data was analysed using basic statistics and ANOVA.
Findings indicate that that the intention of the farmers to take an greenhouse agricultural insurance coverage is not influenced by factors relating to the experience of previous damages, positivity, reason, and facilitation. However, it is influenced by factors relating to the farmers’ attitude and the obstacles they face.
The most prominent influential factors preventing farmers from purchasing agriculture insurance are physical problems (1) derived from insufficient resources, (2) property and deed-title issues in greenhouse areas and (3) the problems regarding damage payments.
It is emphasised that insurance-related problems can be solved by a macro-scale agricultural reform and communication between the relative parties. These findings can be used as a tool in policy development by farmers, insurance institutions and related government institutions.
Keywords: Agriculture insurance, greenhouse cultivation, farmer.
JEL Codes: G20, Q14, Q12.
1
University of Uşak,department of Banking and Finance, Turkey, [email protected]
2
University of Malta, Head Insurance Department, Faculty of Economics, Management and
Accountancy, corresponding author, [email protected]
1/9/2020 Instructions For Authors - International Journal of Economics and Business Administration
https://www.ijeba.com/page/instructions-to-authors 1/3
Instructions For Authors
In order for an article to be submitted to the International Journal of Economics and Business Administration (IJEBA or “the Journal”) for publication, the following should be taken into consideration:
Papers must be original and not being submitted in another Journal;
All papers must be in English;
Authors should have secured any kind of permission necessary for publication from all potential co-authors, along with having agreed the order of names of publication;
Authors hold the copyright, have secured permission for the potential reproduction of original or derived material and are ready to transfer copyright of the submitted paper to the publisher, upon acceptance for publication.
The title of the manuscript should be simple and free of jargon, capturing the main message conveyed by the paper. The abstract and conclusions should be 1) self-contained in the sense that they do not rely on anything (such as explanations of acronyms and technical terms) that are explained only in the main text, 2) understandable and interesting for non-specialist audiences, and 3) clearly convey the relevance of your work for real-world problems.
The main text should be written in a concise manner, avoiding super uous words and phrases, accurately conveying the work undertaken.
Tables and captions must be included in the main text on rst submission and be numbered by Arabic numerals. Captions should include keys to symbols. Figures and line drawings should be of a quality suitable for
International Journal of Economics and Business Administration
ISSN: 2241-4754
Search Articles, Authors
1/9/2020 Instructions For Authors - International Journal of Economics and Business Administration
https://www.ijeba.com/page/instructions-to-authors 2/3
