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Maretno Harjoto Professor of Finance

Maretno Harjoto, PhD

Professor of Finance
Graziadio Business School

Biography

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.

Education

  • PhD, University of Kentucky, 2002.
  • MS, University of Kentucky, 1998.
  • MS, Arizona State University, 1996.
  • BS, Diponegoro University, 1993.

Current Research or Project:

Harjoto, M., Andreas Hoepner, and Qian Li, "A Resource-Based View of Corporate Social Irresponsibility." 

Harjoto, M., and Indrarini Laksmana, "Corporate Social Responsibility and Pension Accounting."

Harjoto, M., Indrarini Laksmana, and Eric Lee, "Gender Differences in Writing of Corporate Social Responsibility (CSR) Reports."

Harjoto, M., and Abraham Park, "Community of Inquiry in a Blended Learning."

Recent Publications:

Harjoto, M., and F. Rossi (2019), "Religiosity, Female Directors, and Corporate Social Responsibility for Italian Listed Companies," Journal of Business Research, Forthcoming. 

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

Harjoto, M., D. Kim, I. Laksmana, and R. Walton (2019), "Corporate Social Responsibility and Stock Split", Review of Quantitative Finance & Accounting, Forthcoming. 

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

Harjoto, M., I. Laksmana, and Y. Yang (2018), "Board Diversity and Corporate Investment Oversight", Journal of Business Research, Vol. 90 (September 2018), 40-47. 

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.

Editorship:

Associate Editor for Business Ethics: A European Review (BEER) (Impact Factor 3.029)

Editorial Board for Review of Managerial Science (RMS) (Impact Factor 1.483)

The 2018 Publons Top Reviewer in Business and Economics 

The 2015-2017 Denney Professorship Academic Research Award from Graziadio School of Business and Management

The 2017 John Nicks Faculty Service Award from from Graziadio School of Business and Management.

The 2015 Golden Torch Faculty Teaching Award from the Graziadio School of Business and Management (awarded based on students votes), Pepperdine University.

The 2012 Rothschild Applied Research Fellow Award from the Graziadio School of Business and Management, Pepperdine University.

The 2011 Howard A. White Teaching Award, Pepperdine University (University Level teaching award. Awarded for one faculty in the entire School per academic year).

The 2011 Julian Virtue Professorship Research Award from the Graziadio School of Business and Management, Pepperdine University.

The 2010 Rothschild Applied Research Fellow Award from the Graziadio School of Business and Management, Pepperdine University.

The 2009 Moskowitz Prize Winner from University of California at Berkeley Center for Responsible Business. The Economics and Politics of Corporate Social Performance. Coauthored with Dr. David Baron and Dr. Hoje Jo. 

The Lucas Graduate Teaching Award, College of Business, San Jose State University, Spring 2007.

The Lucas Fellowship from the Lucas Graduate School of Business, San Jose State University, Spring 2007.

The Lucas Fellowship from the Lucas Graduate School of Business, College of Business, San Jose State University, Spring 2006.

The Dean's Academic Research Award, College of Business, San Jose State University, Spring 2006.

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

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.

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.

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

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 

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.

Study finds a diverse corporate boards rein in risk, good for shareholders   

Study Finds PE- and VC-Backed Have Significantly Stronger Sales and Job Growth. 

New Study Examining Financial Performance, Social Performance, and Social Pressure Wins Prize for Socially Responsible Investment Research

The Street News 'Whisper' Numbers Roar Again, Business Week, February 20, 2006, p. 13.

Turning Up the Volume on Whisper Numbers, CFO Online Magazine, February 24, 2006.

Will Sirius Satellite and Microsoft Top Earnings Expectations? PRWeb Newswire, January 23, 2006.  

Investor's Earnings Estimates Top Analysts in Returns and Impact on Stocks, WhisperNumber.com News Release, January 17, 2006.

Topics

  • Corporate Social Responsibility
  • Corporate Governance
  • Board Diversity
  • Small Business Finances
  • Investment Analysis

Courses

  • Finance (Full Time MBA and Fully Employed MBA, Pepperdine University)
  • Management of Financial Risk (Full time MBA and Fully Employed MBA, Pepperdine University)
  • Advanced Management of Financial Risk (MSAF, Pepperdine University)
  • Financial Analysis and Markets (Master of Science in Accounting)
  • Financial Management (On campus MBA Evening)
  • Finance for Managers (Off-campus Accelerated MBA)
  • Fundamentals of Corporate Finance
  • Financial Institutions and Markets
  • Commercial Banking Management