Analisis Strategi Diversifikasi Perusahaan di Indonesia: Determinan serta Pengaruhnya pada Kinerja dan Struktur Industri

Untoro, Wisnu and Rahardian, Reza and Trinugroho, Irwan (2012) Analisis Strategi Diversifikasi Perusahaan di Indonesia: Determinan serta Pengaruhnya pada Kinerja dan Struktur Industri. .

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    Abstract

    We do two empirical researches in the first year research project. The first paper (presented in Chapter II) focuses on the impact of firm characteristics on firm diversification strategy that is divided into two: business diversification and international diversification. Using a novel dataset, we study 294 Indonesian publicly traded firms in a cross-section research. Controlling for past performance, firm age and industry dummies, we do find, as we expect, that large firms tend to diversify their business as well as their geographic segments. We also extend this study by looking at the moderating role of labor intensity in the impact of firm size on diversification strategies. Our results show that large firms could broaden their geographic area of sales more easily when they do not face labor constraint. Less labor intensive firms could be more flexible to bring their business into a wider coverage. The second paper (presented in Chapter III) is aimed to investigate the determinants of bank diversification strategy in Indonesia. Using a large panel dataset of 108 Indonesian banks from 2001 to 2009 estimated by employing GLS and two-step GMM, we find that large banks, banks that face a higher credit risk and banks that their margins are lower tend to be more diversified in their business. Our results also reveal that foreign banks have higher degree of diversification. No evidence is found that market concentration drives banks to diversify their business.

    Item Type: Article
    Subjects: H Social Sciences > HB Economic Theory
    Divisions: Fakultas Ekonomi
    Depositing User: Lynda Rahmawati
    Date Deposited: 17 Apr 2014 21:02
    Last Modified: 17 Apr 2014 21:02
    URI: https://eprints.uns.ac.id/id/eprint/11759

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