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dc.contributor.authorAziz, Abdul Rashid Abdul
dc.contributor.authorChan, Toong Khuan
dc.contributor.authorRenukappa, Suresh
dc.contributor.authorSuresh, Subashini
dc.date.accessioned2019-09-05T15:14:11Z
dc.date.available2019-09-05T15:14:11Z
dc.date.issued2019-08-16
dc.identifier.citationAbdul Aziz, A. R., Chan, T. K., Suresh, S., & Renukappa, S. (2019). How Significant was the Global Financial Crisis to Indonesia’s Public Listed Housing Developers?. Journal of Contemporary Issues and Thought, 9, 24-39.en
dc.identifier.issn0128-0481en
dc.identifier.urihttp://hdl.handle.net/2436/622703
dc.description.abstractThe tenth year anniversary of the Global Financial Crisis (GFC) provides an opportune moment to reflect on its true devastation on national industries. While many economists regard it as a global watershed, Indonesia was among the isolated few that emerged relatively unscathed. However it would be erroneous to assume that all of its economic sectors enjoyed the same fortune. A study was conducted to determine the most significant economic event for Indonesia’s public listed housing developers in the years leading up to, and after the GFC. Panel data regression analysis was conducted on the financial data of the sampled companies. The analysis shows that the GFC of 2008 was not the most significant event for the study period for housing market players, nor was it the previous year when housing investor confidence was shaken. Instead that accolade goes to the event of 2012. While public-listed non-financial companies were affected by the Eurozone Crisis that year, a combination of factors resulted in public-listed housing developers enjoying record financial performance. The study underscores the importance of conducting deep sectoral analysis before arriving at any conclusions regarding the impact of external shocks on particular economic sectors.en
dc.description.sponsorshipThis work was supported by the National Property Research Coordinator (NAPREC) of Malaysia.en
dc.formatapplication/PDFen
dc.language.isoenen
dc.publisherUniversiti Pendidikan Sultan Idrisen
dc.relation.urlhttp://ojs.upsi.edu.my/index.php/JCIT/article/view/2754en
dc.subjectIndonesiaen
dc.subjectpanel data regressionen
dc.subjecthousing marketen
dc.subjectsectoral analysisen
dc.subjectshocksen
dc.titleHow significant was the global financial crisis to Indonesia’s public listed housing developers?en
dc.typeJournal articleen
dc.identifier.eissn2232-0032
dc.identifier.journalJournal of Contemporary Issues and Thoughten
dc.date.updated2019-09-05T09:17:09Z
dc.date.accepted2019-07-18
rioxxterms.identifier.projectUOW050919SRen
rioxxterms.versionVoRen
rioxxterms.licenseref.urihttps://creativecommons.org/licenses/by/4.0/en
rioxxterms.licenseref.startdate2019-09-05en
dc.source.volume9
dc.source.beginpage24
dc.source.endpage39
refterms.dateFCD2019-09-05T15:14:00Z
refterms.versionFCDVoR
refterms.dateFOA2019-09-05T15:14:12Z


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