Pengaruh Mekanisme Corporate Governance terhadap Tingkatunderpricing Ipo (Studi Empiris pada Perusahaan yang Ipo di Bursa Efek Indonesia Tahun 2009- 2014)

The purpose of this research is to examine the impact of corporate governance mechanism to level of IPO underpricing. This study used secondary data taken from financial and annually reports one year before company IPO in Indonesia Stock Exchange for years 2009-2014. This study used judgement sampling method. Research population comprise all companies that IPO for the period 2009-2014. A Total sample of 105 companies was used in analysis from total population 138 companies. Hypotheses in this study indicate that board of commissioner size, proportion of commissioner independence, board of director size, committee audit size, institutional ownership, and managerial ownership partially affect the level of underpricing. This study used linier multiple regression analysis for hypotheses testing. Results of this study showed that the proportion of commissioner independence and committee audit size positively affected the level of underpricing. Board of director had a negative effect on the level of underpricing. This study, did not find significant effects of board of commissioner size, institutional ownership and managerial ownership on the level of IPO underpricing

Hubungan Manajemen Laba Sebelum Ipo Terhadap Return Saham Dengan Ukuran Perusahaan Sebagai Variabel Moderasi

The financial statements is a source of information for investors in making investment decisions. At the time of IPO, managers tend to take advantage of high information asymmetry for earning management in order to attract investor in earnings report. The purpose of this study is to investigate earnings management during periods around the Initial Public Offering of a company. This study also examine the effect of earnings management on stock returns and examine firm size in moderating the relationship between earning management and stock return. Sample of the study consists 68 non-financial companies that take place IPO during 2005-2010. Research model to examine the discretionary accruals using the Modified Jones models. One test sample t-test is used to test whether significant discretionary accrual among IPOs and multiple linear analysis is used to examine the effect of earnings management to market reaction and the moderating influence of firm size in relation to the stock returns of earnings management. The results shows that there are patterns of earnings management in t-1, t0 and t +1 periods. 1 year of earnings management before the IPO do not significantly influence stock returns. However, the company size proved to moderate the relationship of earnings management 1 year before the IPO shares to return with positive coefficient

Pengaruh Keberadaan Wanita dalam Keanggotaan Dewan, Profitabiilitas, Leverage, Rasio Aktivitas Perusahaan, Ukuran Perusahaan, dan Dewan Komisaris Independen terhadap Restatement Laporan Keuangan Perusahaan (Studi Empiris pada Perusahaan Non-financial Yang

This study aims to analyze and provide empirical evidence about the influence of the presence of women in the membership of the board, profitability, leverage, the ratio of activity of the company, size of company, and independent board of the company's restatement of financial statements ( Empirical Study on Non - Financial Companies Listed on Stock Exchange Indonesia Year 2007-2012 ). Several previous studies showed varying results. Previous research examines the influence of gender on the restatement of financial statements using control variables, whereas this study uses several control variables in previous research that transformed into the independent variables to be tested, as well as adding variable independent board. To obtain valid results, the testing performed on each variable based on the hypothesis constructed.The samples used were selected by purposive sampling method. The samples were 137 non-financial companies that went public in the Indonesia Stock Exchange of the observation period 2007-2012. The number of samples is the result of the reduction of the population by some criteria, there are 71 companies that are not experiencing restatement and 66 companies that experienced a restatement. The method used in the study to test the hypothesis using logistic regression methods.The results indicate that the presence of women in the membership of the board, leverage, and the ratio of the company's activities affect the restatement of financial statements, while profitability, firm size, and the independent board restatement does not affect the company's financial statements

Pengaruh Kinerja Intellectual Capital Terhadap Kinerja Intellectual Capital Pada Perusahaan Manufaktur Yang Terdaftar Di Bei

The aims of this study are to analyze the effect of intellectual capital performance on intellectualcapital disclosure in annual report of manufacturing company listed in Indonesia Stock Exchange(IDX) period 2004-2006 and to analyze the level of intellectual capital disclosure in annualreport period 2004-2006. 50 companies was taken as samples in the research.This paper usescontent analysis to compile a measure of disclosure on each annual report of manufacturingcompany and statistical analysis to test whether intellectual capital performance has a positiveeffect to intellectual capital disclosure. Based on statistical analysis, it is concluded that theintellectual capital performance and firm size have a positive effect to intellectual capitaldisclosure. Leverage has no effect to intellectual capital disclosure. The result of content analysisshows that the intellectual capital disclosure in annual report of manufacturing company period2004-2006 are less than 50%

Hubungan Karakteristik Dewan Komisaris Dan Perusahaan Terhadap Keberadaan Komite Manajemen Risiko Pada Perusahaan Go Public Indonesia

This study aims to examine the association between board of commisioner and firm characteristics to the existence of risk management committee (RMC) and type of RMC, whether it is combined or separated from audit committee. The board of commisioner and firm characteristics used in this study are independent commisioner, board size, auditor reputation, complexity, financial reporting risk, leverage, and firm size. Population consists of Bursa Efek Indonesia (BEI)-listed companies from nonfinancial industry in 2007-2008. Sample was collected based on purposive sampling, and resulted 248 companies as a final sample. Data was collected from the annual report, and was analysed with logistic regression. The results, based on logistic regression analyses, indicated that firm size has a positive and significant association with the existence of RMC and separated RMC. The other variables (independent commisioner, board size, auditor reputation, complexity, financial reporting risk, leverage) have no significant association with the existence of RMC and separated RMC.Keywords: risk management committee, corporate governance, firm characteristics---Penelitian ini bertujuan untuk menguji hubungan karakteristik dewan komisaris dan Perusahaan terhadap keberadaan risk management committee (RMC) dan tipe RMC yang dibentuk, apakah tergabung ataukah terpisah dengan komite audit. Karakteristik dewan komisaris dan Perusahaan yang digunakan dalam penelitian ini meliputi komisaris independen, ukuran dewan, reputasi auditor, kompleksitas, risiko pelaporan keuangan, leverage, dan ukuran Perusahaan. Populasi yang digunakan adalah Perusahaan non-finansial yang terdaftar pada Bursa Efek Indonesia (BEI) tahun 2007-2008. Sampel diambil dengan purposive sampling dan menghasilkan sampel akhir sebanyak 248 Perusahaan. Data diambil dari laporan tahunan Perusahaan dan dianalisis dengan alat analisis regresi logistik. Hasil dari regresi logistik menunjukkan bahwa ukuran Perusahaan secara signifikan berhubungan positif terhadap keberadaan RMC dan tipe RMC yang terpisah (SRMC). Sedangkan variabel lainnya (komisaris independen, ukuran dewan, reputasi auditor, kompleksitas, risiko pelaporan keuangan, leverage) tidak berhubungan signifikan dengan keberadaan RMC dan RMC yang terpisah (SRMC)

Pengaruh Masa Penugasan Audit dan Spesialisasi Kap terhadap Kualitas Audit - suatu Studi dengan Pendekatan Earnings Surprise Benchmark

This study examines the effects of past audits and the Firm specializes in audit quality approaches benchmark earnings surprise. This study shows how the independent variable that are past audist and firm specializes can prove that the dependent variable which iss audit quality identified as having an effect between earnings management with audit quality of financial statements. Proxy that used in this study is net income with total assets and how to compare them by comparing the percentage of the the following proxy with percentage of the difference from the previous year's net income and earnings in the previous year observations with assets.Populations in this study are all companies listed in Indonesia Stock Exchange in the period 2010 - 2012. Sampling was done in accordance with previous studies of Simnett and Carey (2006), namely with certain criteria so that samples obtained for this study amounted to 120 companies. The analysis method of this research is using logistic regression method.Based on the results of the study shows that the duration of the audit assignment was not significant and has negative impact as well as specialization KAP not significant and has negative impact on audit quality

Pengaruh Non Debt Tax Shield dan Dividend Payout Ratio terhadap Penggunaan Hutang (Studi Empiris pada Perusahaan Manufaktur yang Go Public di Bursa Efek Indonesia Tahun 2010-2012)

This study aims to analyze and provide empirical evidence about the effect of non debt tax shield and dividend payout ratio on debt using. Several previous studies showed varying results. To obtain valid results, then doing a test on each variable based on the hypothesis constructed. The samples used were selected by purposive sampling method. A population was 148 manufacturing companies listed in Indonesia Stock Exchange. After reduced with some criteria, 34 companies identified as samples. Observation period was 2010 to 2012, so the total number of sample used was 102 samples. Multiple regressions were used to examine the hypothesis. The results indicate that non debt tax shield is significantly affect the debt using. On the other side, dividend payout ratio has no effect on the debt using