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PROGRAM OPSI SAHAM DAN PERILAKU PENGAMBILAN RISIKO MANAJEMEN: PENGUJIAN MEDIASI MODERASIAN ETIK KRESNAWATI; ANANG ALWY SHIHAB; NURUL HIDAYATI
Jurnal Bisnis dan Akuntansi Vol 21 No 1 (2019): Jurnal Bisnis dan Akuntansi
Publisher : Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

The management stock option program (POSM) is a type of equity compensation that is theoretically predicted to encourage risk alignment between management and principals, which in turn will encourage goal alignment. This study examines this argument on companies that adopted POSM during the period 1999-2016. Utilizing moderated mediation model, we find that management team’s risk taking behavior mediate the effect of POSM on company performance as measured by ROA, but not so when performance is measured by ROE and stock performance index. We also provide evidence that management team considers the company's capital structure, measured by the level of debt, in their risky policy making. Overall, our study documents the critical role of management team’s risk behavior to encourage goal alignment between management and principals.

PENGARUH KOMPENSASI, LEVERAGE, UKURAN PERUSAHAAN , DAN DIVIDEN TERHADAP TURNOVER: STUDI EMPIRIS PADA PERUSAHAAN PERBANKAN DI INDONESIA EVY RAHMAN UTAMI; ETIK KRESNAWATI; EKA DWIYANTI PUTJE
Jurnal Bisnis dan Akuntansi Vol 21 No 2 (2019): Jurnal Bisnis dan Akuntansi
Publisher : Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

This study aimed to show empirical evidence of the correlation between compensation, leverage, dividend and firm size with the CEO turnover of banking companies in Indonesia. This study used banking companies in 2009 – 2016. The total research samples were 41 companies. The data analysis used multiple regression. The result of the study indicated that compensation, leverage and firm size had no correlation with the CEO turnover of the banking companies. However, the dividend had positive and significance influence towards the CEO turnover of the directors. Compensation given to the board of directors were unable to align the interests of management and shareholders. Besides, the directors did not take leverage and total assets in the CEO turnover consideration. Nevertheless, they consider dividend distribution conducted by the company.

PENINGKATAN KINERJA BADAN USAHA MILIK DESA (BUMDES) MELALUI PENGEMBANGAN DAN PENATAAN MANAJEMEN UNIT BISNIS Harjanti Widiastuti; Etik Kresnawati; Evy Rahman Utami
Kumawula: Jurnal Pengabdian Kepada Masyarakat Vol 4, No 1 (2021): Kumawula: Jurnal Pengabdian Kepada Masyarakat
Publisher : Universitas Padjadjaran

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24198/kumawula.v4i1.29753

Dalam Permendesa No.4/2015 tentang Bumdes pasal 2 dijelaskan bahwa pendirian Bumdes dimaksudkan sebagai upaya untuk menampung seluruh kegiatan di bidang ekonomi dan pelayanan umum yang dikelola oleh desa atau kerja sama antar desa. Demokrasi ekonomi di desa adalah sistem ekonomi yang memungkinkan warga desa merancang dan meramu kegiatan ekonomi yang ingin dilaksanakan dengan potensi yang dimiliki. Perwujudan demokrasi ekonomi pedesaaan dapat dilakukan dengan adanya Badan Usaha Milik Desa (Bumdes). Tujuan program ini untuk memberikan motivasi, wawasan, dan pembekalan kepada tim pengelola Bumdes Arum Sejahtera yang beralamat di Sumberarum Moyudan Sleman Yogyakarta dalam rangka pengembangan unit bisnis Bumdes. Dari pelaksanaan focus group discussion di awal kegiatan diperoleh kesepakatan bahwa tim pengelola Bumdes Arum Sejahtera akan mendirikan unit bisnis berupa pasar desa sekaligus merancang pengelolaannya. Metode yang dilakukan dengan mengidentifikasi masalah, sosialisasi program, TOT pengurus Bumdes, pendataan data pedagang, pendampingan proses pendirian pasar desa, dan evaluasi. Hasil pengabdian menunjukkan tim bumdes beserta kepala desa dan tokoh masyarakat sudah menyelesaikan administrasi terkait pendirian Bumdes, melakukan pendataan pedagang, dan mengatur zonasi pedagang. Selain itu, semakin tinggi animo masyarakat untuk bertransaksi di pasar desa.

Sticky cost behavior of bank’s executive compensation in four South East Asian countries Slamet Sugiri; Rahmat Febrianto; Etik Kresnawati
Journal of Economics, Business, & Accountancy Ventura Vol 19, No 3 (2016): December 2016 - March 2017
Publisher : STIE Perbanas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v19i3.771

Some studies indicate that selling, general, and administrative (SG&A) cost have sticky characteristics. A cost is sticky if it increases as the activity increases, but it does not decrease as the activity decreases, in the same proportion as it increases. Different from previous studies that focus solely on SG&A costs in, mostly, manufacturing companies, we specifically focus on specific cost and specific industry. In this case, we focus on compensation costs in banks from four South East Asian countries. We choose banks’ executive compensations since banks in South East Asia have been publicly reporting their compensation. Executive compensation itself is a component of SG&A, so it may have sticky characteristic with it. We apply bootstrap method to tackle small sample problem in every country. Results show that executive compensations are not sticky, but, on the contrary, anti-sticky since the compensation decreases faster when the revenue decreases than its increases when the revenue increases. This finding gives a new perspective on the characteristics of executive compensation expenses as a part of SG&A cost.

KEPUTUSAN HARGA TRANSFER: PERAN TUNNELING INCENTIVE DAN MINIMASI PAJAK Febri Dwi Riyadi; Etik Kresnawati
AKUNTABILITAS Vol 15, No 1 (2021): AKUNTABILITAS
Publisher : Department of Accounting, Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/ja.v15i1.13583

Transfer price is a transaction for determining the selling price of a service, intangible assets, and goods to parties who have a special relationship which opens up opportunities for abuse of power by management and controlling shareholders. This study aims to examine the effect of tunneling incentives and tax minimization, which are thought to motivate management in deciding transfer prices. With the purposive sampling method, a total of 58 non-BUMN manufacturing companies listed on the Indonesia Stock Exchange were obtained in 2018. The test results with multivariate regression showed that tunneling incentives had no effect on transfer pricing. However, tax minimization by management has a negative effect on transfer pricing. This results indicate that the determination of transfer prices is more motivated by management's expectations in order to minimize taxes in the next period.

Peran partisipasi anggaran dan kompensasi pada kinerja pegawai pemerintah daerah: adakah peran motivasi? Cindy Nurhazana; Etik Kresnawati
Proceeding of National Conference on Accounting & Finance Volume 5, 2023
Publisher : Master Program in Accounting, Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ncaf.vol5.art15

Penelitian ini bertujuan untuk menguji efek pemediasi motivasi pada hubungan antara partisipasi anggaran dan kompensasi pada kinerja pegawai di Badan dan Dinas pemerintah daerah Kabupaten Bantul. Data yang digunakan dalam penelitian ini adalah data primer yang diperoleh melalui kuesioner. Sampel penelitian berjumlah 108 responden yang ditentukan dengan metode purposive sampling. Hipotesis penelitian diuji menggunakan model analisis jalur dengan program SPSS. Hasil penelitian menunjukkan bahwa partisipasi anggaran, kompensasi dan motivasi berpengaruh positif terhadap kinerja pegawai. Motivasi hanya memediasi pengaruh partisipasi anggaran terhadap kinerja pegawai. Hasil ini mengisyaratkan bahwa motivasi adalah faktor penting dalam menentukan kinerja pegawai. Pengelolaan sumber daya yang dapat meningkatkan motivasi akan berdampak pada kenaikan kinerja, seperti kelibatan pegawai dalam penyusunan anggaran.

EARNINGS MANAGEMENT, BANK’S MANAGERS COMPENSATION, AND FACTORS THAT INFLUENCE THE COMPENSATION: AN INDONESIAN CASE Rahmat Febrianto; Erna Widiastuty; Etik Kresnawati
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 6, No. 4, December 2022
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v6i4.385-396

This study is motivated by the enactment of Indonesian Financial Service Authority (FSA) regulation. This regulation requires bank to implement remuneration scheme to their employee. It specifies that bank must have a plan to holdback or clawback the variable remuneration, to protect bank from imprudent risk taking.Our research has two objectives. First, this study is to detect post-implementation earnings management. Second, we determine factors that influence banks to choose clawback. Samples are all banks listed at the Indonesian Stock Exchange and are divided into two periods: pre- and post-regulation.The tests results indicate that banks manage their earnings after the adoption of the regulation. The second test result presents that earnings before tax, equity, and non-performing loans have a positive and statistically significant relationship with the banks intention to choose clawback. We also report some implications, limitations, and future research opportunities.

EARNINGS MANAGEMENT, BANK'S MANAGERS COMPENSATION, AND FACTORS THAT INFLUENCE THE COMPENSATION: AN INDONESIAN CASE Rahmat Febrianto; Erna Widiastuty; Etik Kresnawati
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 6, No. 4, December 2022
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v6i4.385-396

This study is motivated by the enactment of Indonesian Financial Service Authority (FSA) regulation. This regulation requires bank to implement remuneration scheme to their employee. It specifies that bank must have a plan to holdback or clawback the variable remuneration, to protect bank from imprudent risk taking.Our research has two objectives. First, this study is to detect post-implementation earnings management. Second, we determine factors that influence banks to choose clawback. Samples are all banks listed at the Indonesian Stock Exchange and are divided into two periods: pre- and post-regulation.The tests results indicate that banks manage their earnings after the adoption of the regulation. The second test result presents that earnings before tax, equity, and non-performing loans have a positive and statistically significant relationship with the banks intention to choose clawback. We also report some implications, limitations, and future research opportunities.

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