88 research outputs found

    Evidence on the Relationship Between Cash Dividend and Earnings Quality

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    This study investigated the relationship between the distribution of cash dividends and earnings quality of nonfinancial companies listed in Indonesia Stock Exchange. The quality of earnings was measured by using the absolute value of performance-adjusted discretionary accruals (ADA). With 300 firm-year observations over the period 2011–2013, this study found that companies that pay dividends have better earnings quality than companies that do not pay dividends. Companies that pay dividends in large amounts have better earnings quality than companies that distribute dividend in small amounts. Companies that increase the size of the dividend from the previous period have better earnings quality than the companies that do not raise the size of dividend from the previous period. In addition, this study also showed that companies that have persistent dividends have better earnings quality than the companies that do not have persistent dividend payment during the period of observation

    THE EFFECT OF POLITICAL CONNECTION ON EARNINGS MANAGEMENT

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    This research aims to examine the effect of political connection on earnings management. In this research, earnings management is measured by using discretionary accruals. The first model use the value of discretionary accruals as a measurement of earnings management, while the second model use dummy variable to observe income-decreasing earnings management behavior. The population of this research was all companies listed in Indonesian Stock Exchange (IDX) in the year of 2014-2015. The samples of this research were listed non-financial company which publishes annual report consecutively from 2014- 2015. Multivariate regression analysis and logistic regression analysis are used to analyze data. This research finds that politically-connected companies have a negative effect on earnings management, indicating that company with political connection tend to report lower income. However, state-controlled firms have no significant effect on income-decreasing earnings management behavior. It can be concluded that politically-connected firms in the form of state control not associated with income-decreasing behavior

    ANALISIS PENGUNGKAPAN RISIKO DALAM LAPORAN TAHUNAN PERUSAHAAN PUBLIK DI INDONESIA

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    The purpose of this research is to analyze factors that affect the risk disclosure of the Indonesian public company's annual report. The examined factors of this research are product diversification, geographic diversification, company size, group of industry, and leverage as independent variables, while risk disclosure as dependent variable. The samples consist of 100 firms listed on Indonesian Stock Exchange (IDA9 in 2007. This research is carried out by doing content analysis on corporation annual report and is tested by regression. Risk disclosure in this research is identified based on six types ofrisk model. They include financial risk operation risk empowerment risk information processing and technology risk integrity risk and strategic risk . The result of this research provides evidence that product diversification and group of industry consist ofAnimalfeed and husbandry, Mining and mining service; Telecommunication, and Real estate have influence on risk disclosure . However, there is no evidence that geographic diversification, company size, and leverage have influence on risk disclosure. Keywords : Annual Report, Risk Risk Disclosur

    FACTORS INFLUENCING AUDIT COMMITTEE MEETING FREQUENCY IN INDONESIA LISTED FIRMS

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    This study aims to examine factors influencing the frequency of audit committee meetings. Frequency of meetings reflects the activities of the audit committee which are often used as a measure of its effectiveness. This study uses ownership concentration, insider ownership, board size, and the proportion of independent commissioners as variables expected to affect the frequency of audit committee meetings. This study is based on research by Greco (2011) with some modifications to accomodate Indonesian context. Population of this study is non–financial companies listed in Indonesia Stock Exchange (IDX) 2013. Sampling technique used is random sampling. A total sample of 85 companies is used for analysis. Data are analyzed using multiple regression analysis. The results of this study indicate that insider ownership has a negative effect on audit committee meeting frequency whereas proportion of independent commissioner has a positive effect on audit committee meeting frequency. However, this study does not find negative effects of the ownership concentration and board size on the frequency of audit committee meetings. Findings support the view that large insider shareholder has substitute effect for monitoring activity by audit committee. Moreover stronger representation of independent commissioner is an effective governance mechanism in a setting featured by large controlling shareholders by its significant role influencing audit committee activities

    PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP PROFITABILITAS PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2014-2015)

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    The aims of this research are to analyze (1) the impact of corporate social responsibility disclosure (CSR) on return on assets (ROA), (2) the influence of corporate social responsibility disclosure (CSR) on return on equity (ROE), (3) influence of corporate social disclosure (CSR) on earning per share (EPS) and (4) the impact of corporate social responsibility (CSR) disclosure on net profit margin (NPM) on manufacturing companies listed on the BEI period 2014-2015. CSR disclosure is measured by CSR Indexes based on the 4th generation Global Reporting Initiave (GRI) Index (G4). Profitability is measured by return on equity (ROA), return on equity (ROE), earnings per share (EPS), and net profit margin (NPM). The population used in this study are all manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2015. The research sample used is manufacturing companies that disclose social responsibility in 2014 and 2015 by using purposive sampling method. There are 68 companies in 2014 and 71 companies in 2015 that meet the criteria as the research sample. The analytical tool used to test the hypothesis is Partial Least Square (PLS) The results show that corporate social responsibility (CSR) has a positive and significant effect on profitability by using net profit margin proxy (NPM), while using return on asset (ROA), return on equity (ROE), earnings per share (EPS) Has no significant effect

    PENGARUH KARAKTERISTIK KOMITE AUDIT TERHADAP KUALITAS PELAPORAN KEUANGAN

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    This study aims to examine the influence of audit committee characteristics on quality of financial reporting. The quality of the financial reporting reflects the ability of cash flow to predict earnings. This study uses the independence of audit committee members, the size of the audit committee members, financial expertise of the audit committee member, and overlapping membership in audit committee and remuneration committee as variables affecting the quality of financial reporting. This research refers to research conducted by Kusnadi, et al., (2011). Population of this study were non – financial companies listed in Indonesia Stock Exchange (IDX) in 2014. Using purposive sampling method, this study gathered 183 companies as samples used in analysis. Data were analyzed using multiple regression analysis. The results of this study showed that the size of the audit committee has a positive effect on quality of financial reporting. However, this study failed to obtain empirical evidence of the influence of independence of audit committee members, financial expertise of audit committee members, and overlapping membership in audit committee and remuneration committee on the quality of financial reporting

    PENGARUH KONVERGENSI IFRS DAN UKURAN PERUSAHAAN TERHADAP TINGKAT KONSERVATISME AKUNTANSI (Studi Empiris Perusahaan Manufaktur yang terdaftar di BEI periode 2010-2013)

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    The objective of this research is to analyze the influence of IFRS, firm size, profitability and leverage on the level of Accounting Conservatism. Measurement of Conservatism utilizes c-score based on Chi and Liu research (2009). This research refers to research conducted by Nugroho dan Indriana (2012) with some modification. Population of this research were manufacturing companies that listed in Indonesian Stock Exchange (IDX) during 2010-2013. Data were collected by using purposive sampling method. A total data of 404 observations were analyzed. Multiple linear regression analysis was used as a main analysis tool. The results of this research show thatIFRS and profitability significantly influence the level of Accounting Conservatism. Whereas, firm size and leverage have no significant effect on the level of Accounting Conservatism

    PENGARUH UKURAN DEWAN KOMISARIS, KOMITE AUDIT, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

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    The study aimed to examine the influence of board size , audit comitte, profitability and firm size on companies value. Companies value was measured by using Prrice Book Value. Data gathering used the purposive sampling method on the manufacturing companies listed in the Indonesia Stock Exchange in 2011 to 2014.As many as 65 manufacturing companies were used as sample. The result proved that board size has no significant influence on companies value. Audit comitte has no significant influence on companies value. Profitability has a significant positive influence on companies value. Firm size has a significant positive influence on companies value

    ANALISIS PENGARUH KARAKTERISTIK DEWAN KOMISARIS DAN MASA JABATAN DIREKTUR UTAMA TERHADAP TOTAL KOMPENSASI EKSEKUTIF

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    Executive compensation is a reward given to board of directors who act as agent of the firm for the work that have been done to the firm. Executive compensation is expected to align the interest of principal and agent, reduce agency problems and motivate board of directors for a better work. The amount of director‟s compensation is based on evaluation process that have been done by board of commissioners, which is influenced by their characteristics which include proportion of independent commissioners, board size, board commissioner‟s compensation, board commissioner‟s tenure, and board commissioner‟s share ownership. In addition to board commissioner‟s characteristics, CEO tenure also expected to affect the amount of executive compensation. This study aims to give evidence that board commissioner‟s characteristics and CEO tenure have an important role for the firm to determine the quality of evaluation that effect to establish board of director‟s compensation, which suit the work that have been done. The population in this study are all firms publicly listed on the Indonesia Stock Exchange (IDX) 2010-2014. Samples were selected based on predetermined criteria which include firms that reveal information of board director‟s compensation and have complete data sets. The number of companies in the research samples were 52 companies or 260 final observations. Regression analysis is used as a main analysis tool. The results of this study find that board commissioner‟s compensation and CEO tenure give a positive and significant effect on board director‟s compensation. However, this study doesn‟t find evidence that proportion of independent commissioners, board commissioner‟s size, board commissioner‟s tenure and board commissioner‟s share ownership affect the total compensation of board directors

    FAKTOR-FAKTOR YANG MEMPENGARUHI MANAJEMEN LABA BERBASIS AKRUAL (Studi pada BUMN Persero dan BUMS yang Terdaftar di Bursa Efek Indonesia Tahun 2012-2014)

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    This study aims to examine the effects of state ownership, firm size, return on asset, non operating income and leverage on the accrual-based earnings management in publicy listed state-owned enterprises and privately owned enterprises. The purpose of state ownership in the firms is to provide the information about the percentage of state ownership which it give an important role and control from the government in mitigating the pressure on managers to manipulate or manage their earnings. Some benefits of this study is to determine whether the state-owned enterprises (SOE) or privately-owned enterprises (POE) manage more their earnings under the accrual-based accounting. The population in this study are all of the state-owned enterprises and the privately-owned enterprises listed on the Indonesia Stock Exchange (IDX) 2012-2014. Samples were selected based on predetermined criteria which the number of privately-owned enterprises are 20 samples followed by the number of state owned enterprises which listed in IDX. The number of companies used as samples were 109 observations. Regression analysis was used as a main analysis tool. The result of this study find evidence that the state ownership decrease accrual-based earnings management. However, this research does not find evidence that firm size, return on asset, non operating income and leverage variables have affect on accrual-based earnings management
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