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Pepperdine | Graziadio Business School

Maretno Agus "Augus" Harjoto, PhD

Professor of Finance

PGBS Instruction

Phone: (310) 506-8542

Email:  maretno.harjoto@pepperdine.edu

Maretno Agus Harjoto Associate Professor of Finance

Dr. Maretno Agus “Augus” Harjoto received his PhD in economics from the University of Kentucky in 2002. Dr. Harjoto received the 2009 Moskowitz Prize Award from the Center for Responsible Business, University of California Berkeley for his research on the Economics and Politics of Corporate Social Performance. He also received the 2010 and 2012 Rothschild Research award and the 2011-2012 Julian Virtue Professorship from the Graziadio Business School. He was awarded the Howard A. White category 2 teaching award in 2011.

He has published over twenty refereed research papers in both academic and practitioner journals such as Financial Management, Journal of Financial Research, Journal of Corporate Finance, Financial Review, Journal of Business Ethics, Business Ethics: The European Review, Asia-Pacific Journal of Financial Studies, Journal of Financial Education, and Commercial Lending Review. His work on whisper number received media coverage by Business Week and CFO Online magazines. He is currently a member of Gereja Kristen Indonesia (GKI) Monrovia Church.

PhD, University of Kentucky, 2002.

Lexington, KY.

MS, University of Kentucky, 1998.

Lexington, KY.

MS, Arizona State University, 1996.

Tempe, AZ.

BS, Diponegoro University, 1993.

Semarang, Indonesia.

Education

PhD, University of Kentucky, 2002.

MS, University of Kentucky, 1998.

MS, Arizona State University, 1996.

BS, Diponegoro University, 1993.

Areas of Expertise

  • Corporate Social Responsibilities
  • Corporate Governances
  • Small Business Finances
  • Investment Analysis

Current Research or Project

  • Private Equity and Venture Capital: Did You Build That? Coauthored with Dr. John Paglia, Pepperdine University.
  • The Impact of Legal and Normative CSR on Firm Risk, Analyst Dispersion, and Firm Value. Coauthored with Dr. Hoje Jo.
  • Corporate Social Responsibility and Institutional Ownership. Coauthored with Dr. Hoje Jo and Dr. Yongtae Kim.

Professional Experience

1999 – Present: American Banker Association Stonier Graduate School of Banking

2010 – 2012: Financial Executives International (FEI) Los Angeles Chapter

Selected Recent Publications and Presentations

Recent Publications

  1. Harjoto, M., and F. Rossi (2019), “Religiosity, Female Directors, and Corporate Social Responsibility for Italian Listed Companies,” Journal of Business Research, Forthcoming. https://www.sciencedirect.com/ science/article/abs/pii/ S0148296318303904

  2. Harjoto, M., I. Laksmana, and Y. Yang (2019), “Board Nationality and Educational Background Diversity and Corporate Social Performance”, Corporate Governance, Forthcoming.

  3. Harjoto, M., D. Kim, I. Laksmana, and R. Walton (2019), “Corporate Social Responsibility and Stock Split”, Review of Quantitative Finance & Accounting, Forthcoming. https://link.springer.com/ article/10.1007/s11156-018- 0759-9

  4. Harjoto, M., I. Laksmana, and Y. Yang (2019), “Why Do Companies Obtain the B Corporation Certification?”, Social Responsibility Journal, Forthcoming.

  5. Harjoto, M., I. Laksmana, and Y. Yang (2018), “Board Diversity and Corporate Investment Oversight”, Journal of Business Research, Vol. 90 (September 2018), 40-47. https://www.sciencedirect.com/ science/article/pii/ S0148296318302091

  6. Harjoto, M., I. Laksmana, (2018), “The Impact of Corporate Social Responsibility on Risk Taking and Firm Value,” Journal of Business Ethics, Vol. 151(2), 353-373. http://link.springer.com/ article/10.1007/s10551-016- 3202-y

Recent Presentations

  1. Corporate Social Responsibility and Stock Split. Presented at the American Accounting Association (AAA) 2018 Annual Conference, Washington D.C., August 7, 2018.

  2. Religiosity, Female Directors, and Corporate Social Responsibility for Italian Listed Companies. Presented at the European Business Ethics Network (EBEN) Annual Conference, Tilburg University, Tilburg, The Netherlands, June 29, 2018.

  3. The Determinants of Social Impact Enterprises: Evidence from the B Lab Certification in the United States. Presented at the International Association for Business & Society (IABS) 2017 Annual Conference, Amsterdam Business School, University of Amsterdam, The Netherlands, June 30, 2017.

  4. Corporate Social Responsibility and Corporate Fraud. Presented at the European Business Ethics Network (EBEN) Annual Conference, Nottingham Trent University, Nottingham UK, June 21, 2016.

  5. Corporate Social Responsibility, Risk Taking, and Firm Value. Presented at the Academy of Management (AOM) Annual Conference (SIM 20266), Vancouver, Canada, August 11, 2015. Academy of Management Proceedings https://journals.aom.org/doi/ abs/10.5465/ambpp.2015. 11018abstract

  6. The Impact of Demographic Characteristics of CEOs and Directors on Audit Fee and Audit Delay. Presented at the Academy of Management (AOM) Annual Conference (GDO 10231), Vancouver, Canada, August 11, 2015.

  7. Publons Profile: https://publons.com/author/1353443/
    Scopus Profile: https://scopus.com/authid/detail.uri?authorId=13806266900
    Google Scholar Profile: https://scholar.google.com/citations?user=9-PfQi0AAAAJ&hl

Teaching Experience

Graduate courses

  • Finance (Full Time MBA and Fully Employed MBA, Pepperdine University): avg. teaching score 4.85/5
  • Management of Financial Risk (Full time MBA and Fully Employed MBA, Pepperdine University): avg. teaching score 4.77/5
  • Advanced Management of Financial Risk (MSAF, Pepperdine University): avg. teaching score 4.88/5
  • Financial Analysis and Markets (Master of Science in Accounting): avg. teaching score 4.8/5
  • Financial Management (On campus MBA Evening): avg. teaching score 4.7/5
  • Finance for Managers (Off-campus Accelerated MBA) : avg. teaching score 4.8/5

Undergraduate courses

  • Fundamentals of Corporate Finance: avg. teaching score 4.6/5
  • Financial Institutions and Markets: avg. teaching score 4.7/5
  • Commercial Banking Management: avg. teaching score 4.55/5

Professional Memberships

  • Financial Management Association (FMA)
  • Eastern Finance Association (EFA)
  • Southwestern Finance Association (SWFA)
  • Southern Finance Association (SFA)
  • Financial Executives Research Foundation (FERF)

Honors and Awards

  • The Rothschild Applied Research Fellow Award from the Graziadio Business School, Pepperdine University (2012).
  • The Howard A. White Teaching Award category II, Pepperdine University (2011).
  • The Julian Virtue Professorship Research Award from the Graziadio Business School, Pepperdine University (2011-2013).
  • The Rothschild Applied Research Fellow Award from the Graziadio Business School, Pepperdine University (2010). 
  • The Moskowitz Prize Winner from University of California at Berkeley Center for Responsible Business (2009). The Economics and Politics of Corporate Social Performance. Coauthored with Dr. David Baron and Dr. Hoje Jo.