Democracy is an essential aspect in national-level governance to safeguard human rights and provide equal distribution of wealth among citizens that are also expected to bolster more rapid economic growth. However, the extant literatures show mixed result in providing evidence of how democracy...

Cover -- Differences in organization citizenshipbehavior between "serumpun" countries (Indonesia - Malaysia) -- Controlling shareholders and the effect of diversification on firm value: evidence from Indonesian listed firms -- Preparedness for ASEAN Economic Community (AEC): a case study of...

Using a survey of 41,862 manufacturing firms in Indonesia from 2004 through 2013, this study documents that firms in provinces with deeper financial infrastructure exhibit better performance in general. A closer investigation however highlights that such findings are more pronounced for firms...

This paper examines the effects of financial inclusion and digital technology on economic growth. We also investigate the possibility of using digital technology to improve financial inclusion overall and bridge the financial inclusion gender gap. Through dynamic panel data estimation for 84...

This paper examines whether Asian banks are still prone to moral hazard in the aftermath of the 1997 Asian crisis. Using a sample of commercial banks from 12 Asian countries during the 2001–2007 period, our empirical findings highlight that greater market power in the banking market results in...

This paper investigates the effect of bank competition and financial stability on economic growth by examining panel-data from 38 European countries over 2001 to 2017. Bank competition is measured with the Boone indicator, and bank stability with Z-scores and non-performing loan ratios, all at...