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Jurnal ISEI Tahun 2009

TINGKAT KEPEMILIKAN MANAJERIAL DAN NILAI PERUSAHAAN: BUKTI EMPIRIS PADA PERUSAHAAN PUBLIK DI INDONESIA

 

 

 

TINGKAT KEPEMILIKAN MANAJERIAL DAN NILAI PERUSAHAAN: BUKTI EMPIRIS PADA PERUSAHAAN PUBLIK DI INDONESIA
Penulis: HERRY dan HAMIN- UNIVERSITAS KRISTEN DUTA WACANA (Mei 2007) [ 31/7/2007 ]

 

Initial analyses using panel data for none intercept model show a positive and significant effect of low level of managerial ownership on firm value and negative and significant effect of high level of managerial ownership on firm value. This conclusion is different when unobserved firm heterogeneity controlled using firm fixed effects model. The fixed effects analyses suggest that managerial ownership doesn?t have significant effect on firm value. The 2SLS analyses show that both managerial ownership and firm value are jointly endogenous. Managerial ownership has positively impacts on firm value, a higher firm value, on the other hand, inspires larger managerial ownership

MANAJEMEN LABA PADA PERIODA SEBELUM DAN SESUDAH PENAWARAN SAHAM PERDANA DI BURSA EFEK JAKARTA: ANALISIS DENGAN MODEL DEANGELO

 

 

 

MANAJEMEN LABA PADA PERIODA SEBELUM DAN SESUDAH PENAWARAN SAHAM PERDANA DI BURSA EFEK JAKARTA: ANALISIS DENGAN MODEL DEANGELO
Penulis: ELISA INDAH dan ERNI EKAWATI- UNIVERSITAS KRISTEN DUTA WACANA (Mei 2007) [ 31/7/2007 ]

 

The previous research found empirical evidence about existence of earnings management of suurounding IPO (Initial Public Offerings). Previous research also found that operating performance at period after IPO less than before IPO. The purposes of this research is to reexamine earnings management surrounding IPO and association earnings management surrounding IPO with the operating performance in Indonesian capital market.
This study uses the companies data conducting IPO on 88 firms that went at Jakarta Stock Exchange for the periods 1995-2002. Company do not the included in industrial group of property, real estate and building construction, and industrial group of finance. The method used to examine earnings management are the method that develop by DeAngelo.
The result of this study by using t-test is found that firms manage their earnings to increase reported income before IPO and after IPO. It means that IPO issuers make income increasing discretionary accruals in the financial statement before IPO and in the financial statement after IPO.
In this study by using double regression examination also found that operating performance after IPO less than before IPO. This condition is consequence firms conduct earnings management before IPO until happen underperformance after IPO.

INDIKATOR - INDIKATOR PASAR SAHAM DAN PASAR UANG YANG SALING BERKAITAN DITINJAU DARI PASAR SAHAM SEDANG BULLISH DAN BEARISH

 

INDIKATOR-INDIKATOR PASAR SAHAM DAN PASAR UANG YANG SALING BERKAITAN DITINJAU DARI PASAR SAHAM SEDANG BULLISH DAN BEARISH
Penulis: Elizabeth Lucky Maretha Sitinjak Widuri Kurniasari -Universitas Katolik Soegijapranata Semarang (2003) [ 31/7/2007 ]

 In this study the indicator of stock market has link with money market. Research has been done to show the relationship between of stock market and money market with non ? linier combination. The non ? linier combination uses Chauvet and Potter model from volatility stock and money market. Volatility stock and money market uses separate data of stock market during bullish and bearish conditions, show the indicator of money market more sharply influences the stock market condition, especially exchange rate with indicator has negative influences the stock market conditions, especially exchange conditions, especially exchange rate which indicator has negative influence on bearish market.