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PENGARUH INFORMASI KEUANGAN PERUSAHAAN DAN PROFILNYA TERHADAP UNDERPRICING yuli soesetio
Accounthink Vol 6 No 01 (2021): Maret 2021
Publisher : UNSIKA (Universitas Singaperbangsa Karawang)

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the consistency of the effects of profitability, leverage, and liquidity information as well as the combination of non-financial information, namely the industrial sector type and the type of company ownership to underpricing by using secondary data obtained from prospectus of companies conducting IPOs for the 27 years. By using hierarchical regression analysis the liquidity ratio results consistently have a positive and significant effect on underpricing, while other financial variables consistently have no significant effect on underpricing. While the type of industrial sector and type of company ownership affect the consistency of the current ratio to underpricing
Pengaruh Profitabilitas Terhadap Intial Return Dilihat Dari Aspek Cash Basis Dan Accrual Basis (Studi Pada Perusahaan Yang Melakukan Initial Public Offering (Ipo) Di Bursa Efek Indonesia Periode Januari 2011 Agustus 2015) Miranti Dewi Febriani; Yuli Soesetio; Trisetia Wijijayanti
AKRUAL: JURNAL AKUNTANSI Vol 8 No 2: AKRUAL: Jurnal Akuntansi (April 2017)
Publisher : Jurusan Akuntansi Fakultas Ekonomi Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jaj.v8n2.p53-65

Abstract

AbstractThe study aims to examine the effect of profitability on Initial Return based on cash basis and accrual basis. The population in this study is companies performing IPO in period of January 2011 Augustus 2015 as many as 111 companies and are adjusted to several criteria in order to get as many as 70 companies for model 1, 72 companies for model 2, and 53 companies for model 3. It uses simple regression analysis technique assisted by Gretl Software. Interstingly, only ROE affect Initial Return and model 1 has highest R2.
Does internationalization moderate the effect of SMEs size, age, and other financial determinants on investment opportunities set? Evidence from Indonesia Yuli Soesetio; Dyah Arini Rudhiningtyas; Sudarmiatin Sudarmiatin; Imam Mukhlis
JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen Vol 18, No 2 (2021): JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen
Publisher : University of Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31106/jema.v18i2.10393

Abstract

Small and medium-sized enterprises (SMEs) are increasingly considering international expansion as one of the sustainable growth strategic options. This study aims to reveal how the effect of internationalization as a moderator of SMEs size, age, and other financial determinants toward investment opportunity set of SMEs that listed on the Indonesia Stock Exchange (IDX) from 2006 to 2020. Market to book asset ratio used as a proxy of investment opportunity set of SMEs. This study is one of the most important in the context of Indonesian SMEs as there were limited previous studies that have explored the internationalization factor. A total of 102 SMEs companies with 156 data observations were studied. A moderation regression analysis was used to test whether the determinants of the investment opportunity set were statistically significant. Surprisingly, the study found that the degree of internationalization has a moderating effect that weakens the relationship between SMEs age and size on investment opportunities set (market value ratio).
The Impact of Intellectual Capital Disclosure and Type of Ownership on Evaluation of a Company's Financial Performance after IPO Dyah Arini Rudhiningtyas; Yuli Soesetio; Chois Nuril Faizza
AFRE (Accounting and Financial Review) Vol 5, No 1 (2022): March
Publisher : Postgraduate Program Merdeka University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/afr.v5i1.7528

Abstract

This study aims to determine the effect of Intellectual capital Disclosure (ICD) and the type of ownership on financial performance after the IPO in short and medium period. This study uses a quantitative approach and multiple regression analysis. Data was obtained from prospectuses and financial statements of companies that conducted IPOs on Indonesia Stock Exchange for the period 2000-2015. The population in this study was all companies that conducted initial public offerings from 2000 to 2015, as many as 316 companies and 234 companies were selected as samples using purposive sampling methods. The results showed that Intellectual Capital Disclosure had a significant positive effect on short-term (1-year) and medium-term (3-year) financial performance post-IPO, however, type of ownership has no effect on short or medium-term financial performance post-IPO. These results show that the degree of intelectual capital disclosure can control the company's performance for the better. This provides broad insights for decision makers.
Accrual-based vs cash-based accounting in affecting underpricing phenomenon: Evidence from emerging country Yuli Soesetio; Ely Siswanto; Lulu Nurul Istanti; Subagyo Subagyo
Jurnal Ekonomi Modernisasi Vol. 18 No. 2 (2022): Juni
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Kanjuruhan Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (226.826 KB) | DOI: 10.21067/jem.v18i2.7311

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Until now, more than 80 percent of shares are underpriced at every IPO event around the world, making it a phenomenon and a big unsolved puzzle, so it is still interesting and relevant to research, especially in emerging countries. This study aims to reveal the impact of profitability information based on accrual and cash on the phenomenon of underpricing on the Indonesia Stock Exchange (IDX). The sample used was firms that conducted IPOs on the IDX from 1994-2020 that had met the sample criteria of 475 firms using the purposive sampling method. Furthermore, the collected cross-section data were analyzed using ordinary least square (OLS) regression. The study concluded that only accrual-based profitability information consistently affects underpricing. These results also support the argument that the use of the accrual-based is better than the cash-based to predict underpricing. This study implies that IPO firms to pay more attention to, strengthen, and maintain their 'earnings' so that investors are more confident regarding the firm's future business continuity. In addition, investors are more detailed in using information from the prospectuses of large firms.
Analisis abnormal return saham bulan ramadhan Justice Qayyima Winkasari; Yuli Soesetio; Lisa Rahayu Ningsih
AKUNTABEL Vol 16, No 1 (2019): April
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (371.606 KB) | DOI: 10.30872/jakt.v16i1.5309

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Monthly effect adalah keinginan  investor atas likuiditas suatu saham yang dapat berubah pada bulan-bulan tertentu dalam satu tahun. Monthly effect dapat memberikan celah bagi para investor untuk mendapatkan abnormal return dengan memanfaatkan informasi harga maupun volume penjualan di masa lalu. Salah satu monthly effect adalah Ramadhan effect yang banyak diteliti di negara-negara Islam. Ramadhan effect yang berdasarkan penelitian-penelitian terdahulu masih debatable. Return bulan Ramdhan secara signifikan  berbeda jika dibandingkan dengan dengan bulan-bulan lainnya karena adanya sentimen postifi investor saat memasuki bulan puasa. Tujuan dari penelitian ini untuk mengukur perbedaan abnormal returm yang diterima oleh investor selama Ramdhan dibandingkan dengan bulan lainya dalam kalender hijriayah. Pada penelitian ini menggunakan sampel yang diambil dari seluruh emiten yang tergabung ke dalam indeks Kompas100 dari tahun 1432 H hingga 1437 H (7 Desember 2010 – 30 September 2016), dan menggunakan tahun setelah krisis untuk menghindari bias hasil penelitian. Untuk menjawab permasalahan penelitian digunakanlah uji paired sample T-test karena sampel terdistribusi secara normal setalah dilakukan pengujian menggunakan kolmogorov smirnov normality test. . Hasil penelitian menunjukkan bahwa tidak terdapat perbedaan yang signifikan abnormal return bulan Ramadhan dibandingkan dengan bulan-bulan lainnya atau dapat dikatakan tidak berlakunya Ramadhan effect di Bursa Efek Indonesia.
Gender Diversity on Commissioner Board and Decision Making: Evidence Using Capital Raised Through IPOs Yuli Soesetio; Dyah Arini Rudiningtyas; Winarta Winarta; Cattetiana Dhevi
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19, No 1 (2024): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i1.2024.pp122-135

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This study aims to analyze the influence of the presence of women in the board of commissioners’ structure on the funds allocating decisions to finance various company investment opportunities sourced from corporate actions, such as an initial public offering (IPO). Service companies, especially the financial sector became a vast field for a woman, therefore, the financial sector that has conducted IPOs on the Indonesia Stock Exchange (IDX) for the past 21 years was selected as a research sample. The analytical tool used is multiple linear regression with OLS method which examines cross-sectionally the effect of the presence of women in 53 companies. This result shows that the presence of women on the board of commissioners affects the decision-making process on the amount of funding allocation for the company's investment opportunities. Their existence minimizes the allocation of IPO funds to finance various company investment opportunities in the future. Thus, gender studies in IPO corporate actions, especially in developing countries, are still very rarely studied. Women are known to have a short-term problem-solving perspective and are less confident than men, but they are more careful when making decisions. Despite the dominating nature of prudence, women can reduce the potential for financial distress due to risky investment decisions by choosing the decision to hoard funds in the form of cash to strengthen working capital.
The Effect of Tax Planning on Firm Value: A Moderation Role of Board Diversity Erma Dwi Aprilliasari; Yuli Soesetio
Media Ekonomi dan Manajemen Vol 39, No 2 (2024): July 2024
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v39i2.4922

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This study aims to explore how tax planning practices impact firm value, with a specific focus on gender diversity as a moderating factor shaping the relationship between tax planning and firm value. Data collection involved purposive sampling, resulting in 121 samples drawn from manufacturing companies listed on the Indonesia Stock Exchange between 2018 and 2022. Employing panel data analysis supplemented by moderated regression analysis, the research uncovered several key insights. Tax planning and inflation rates exert a negative influence on firm value, whereas dividend policy and profitability have a positive impact. Interestingly, board gender diversity was found to weaken the effect of tax planning on firm value, implying that board gender diversity can significantly affect the efficacy of tax planning strategies in enhancing company value. These findings offer valuable insights for refining tax planning strategies within the manufacturing sector, considering various factors that influence firm value. Moreover, this study contributes to the existing literature on tax planning and corporate governance, laying a groundwork for further exploration and aiding in the evolution of more robust theories and frameworks in this scope.
Corporate governance implementation on earnings management practices: Firm size as moderation Soesetio, Yuli; Anggraeni, Cholifah Nur; Rudhiningtyas, Dyah Arini; Fuad, Muhammad
Jurnal Ekonomi Modernisasi Vol. 19 No. 2 (2023)
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Kanjuruhan Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21067/jem.v19i2.8431

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This study aims to analyze the effect of corporate governance, firm performance, and firm characteristics on earning management (EM). The data used in this study are secondary data, that is financial statements of non-financial companies listed on Indonesian Stock Exchange (IDX) in period 2010-2021 with a total sampel of 116 companies. Using multiple linear regression analysis pooled least square method, moderated regression analysis, and sub-group regressions prove that institutional ownership and board size as proxies for corporate governance affect earnings management practices (EM). Financial performance, which is proxied by return on assets (ROA) and sales growth (SGR) has a significant effect on EM. Through the moderation test, firm size (SIZE) as pure moderation. SIZE only perfoms as a moderator not as an independent variable that effects the relationship between board size (BZISE) and EM. In this study, profitability is the most dominant factor in determining EM. This study can provide useful information for shareholders and regulators in evaluating corporate governance attributes, financial performance and company characteristics that are effective in reducing EM practices. This study also contributes to the existing literature regarding EM practices, especially in non-financial companies listed on the IDX
Pengembangan Kewirausahaan Ecoprint Berbasis Smart Steamer Machine Guna Meningkatkan Kualitas Produk dan Efisiensi Rahmawati, Yuni; Irianti, Agus Hery Supadmi; Sujito, Sujito; Hidayat, Rachmad; Soesetio, Yuli; Mufti, Aya Shofia
Bulletin of Community Engagement Vol. 3 No. 2 (2023): Bulletin of Community Engagement
Publisher : CV. Creative Tugu Pena

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51278/bce.v3i2.828

Abstract

Ecoprint, a fabric printing and dyeing technique utilizing natural dyes with leaves, is currently experiencing a surge in demand and becoming a trend among fashion entrepreneurs and textile craftsmen. The unique patterns created from leaves distinguish ecoprint from traditional batik designs in the market, making it highly appealing. Apietz Craft, a Small and Medium Enterprise (SME), was established at the beginning of 2020 during the Covid-19 pandemic. Mostly operated by residents of Jl. Hasyim Ashari II, Sepanjang Village, Gondanglegi District, Malang Regency, the business faced challenges during the ecoprint fabric steaming process. The issues stemmed from the small size of the steaming pot and the lack of temperature control, leading to a decline in fabric quality. These obstacles hindered the ecoprint production process, resulting in suboptimal outcomes. In response to these challenges, this PKM program proposes a solution by introducing a technology transfer initiative. A smart steamer machine will be implemented, designed to accommodate a larger capacity and capable of monitoring temperature within the machine. This advancement aims to enhance production quality and improve production efficiency. The initiative is expected to address the current issues faced by our partner, enabling them to achieve optimal ecoprint fabric production. Keywords: Smart Steamer Machine, Ecoprint, Development Entrepreneurship