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Pembentukan Return Saham Ekspektasian melalui Manajemen Laba di sekitar Peristiwa Pengumuman Program Opsi Saham Karyawan
Ida Bagus Putra Astika
Jurnal Aplikasi Manajemen Vol 8, No 3 (2010)
Publisher : Jurusan Manajemen Fakultas Ekonomi dan Bisnis Universitas Brawijaya
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This study discusses earning management issue around announcement of employees stock option plan (ESOP). ESOP represent a program aiming to give opportunity to employees specially executives to have company share by giving stock option, because employees have given service to company as a means to motivate employees specially executive improve based on performance. Explicitly, executives obliged to successfully apply ESOP, even though ESOP posits risk of losses and also contain opportunity to obtain return. Commitment to success, risk of lost and also opportunity to get this advantage push them to influence company share market price before and after announcement of ESOP through earning management. Through these ways, I found a mean to reduce potential loss and adversely obtain an advantage of stock option present around event of announcement of ESOP. The number of sample available is 38 companies. This sample is taken by purposive sampling of companies which adopting ESOP since 1999 up to 2007. Independent variable which is placed in model 1 and 2 is natural logarithms of stock option proportion, and an independent variable which placed in model 3 is discretionary accruals. Dependent variable for model 1, 2 and 3 is discretionary accruals. Discretionary accruals represent earnings management proxy. Hypotheses tested by using regression taking form of semi log regression for hypothesis 1 and 2 and simple regression (OLS) for hypothesis 3. The result indicates that executives conducting earning management by decreasing the amount of reported profit before announcement of ESOP and conduct earnings management by improving the amount of profit reported after announcement of ESOP. Result of the examination also indicates that conducted earnings management before announcement has a positive effect on earning management conducted after announcement of ESOP.Keywords: Employee Stock of Option Plan (ESOP), Earning Management and the Announcement.
Perilaku Eksekutif dalam Menentukan Return Ekspektasian Melalui Program Opsi Saham
Ida Bagus Putra Astika
The Indonesian Journal of Accounting Research Vol 11, No 3 (2008): JRAI September 2008
Publisher : The Indonesian Journal of Accounting Research
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DOI: 10.33312/ijar.197
Previous research documents that executives manage earnings before the grant date and before the exercise of employee stock options (Yermark, 1997; Asyik, 2005). This study extends prior research by investigating whether the number of stock options granted is associated with earnings management before the grant date and whether the number of employee stok option exercised is associated with earnings management before the exercise date. I collect data from listed firms in Jakarta Stock Exchange that granted executive stock options from 1999 to 2005. Consistent with previous study, the results show the number of employee stock options granted is positively related to discretionary accruals before the grant date, suggesting that the more options a firm grants, the more likely executive manage earnings downward to lower the option exercise price. In addition, the study also shows that consistent with the hypothesis, the number of employee stok options exercised is positively related to discretionary accruals before the exercise date, indicating that the more options executives exercise the more likely they manage earnings upward before the exercise date to take advantage of a higher stock price
The Effect of Good Corporate Governance and Financial Distress on the Integrity of Financial Statements with Audit Quality as a Mediation Variable
Made Ayu Prilla Winda Puspita;
Ni Made Dwi Ratnadi;
Made Gede Wirakusuma;
Ida Bagus Putra Astika
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 5, No 3 (2022): Budapest International Research and Critics Institute August: In Progress
Publisher : Budapest International Research and Critics University
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DOI: 10.33258/birci.v5i3.5794
The information in the financial statements must be presented fairly, honestly, and fairly disclose facts to users in order to produce financial statements with integrity. The purpose of this study was to examine the effect of good corporate governance and financial distress on the integrity of financial statements through audit quality. The population in this study are consumer goods sector companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2020 period. The number of samples obtained as many as 66 companies with purposive sampling method. The data analysis technique used is multiple linear regression and the selection of good corporate governance proxies using factor analysis. Based on the results of the analysis, it was found that good corporate governance has an effect on the integrity of financial statements. Financial distress affects the integrity of financial statements. Audit quality affects the integrity of financial statements. Good corporate governance affects the integrity of financial statements through audit quality. Financial distress affects the integrity of financial statements through audit quality. This shows that the increasing audit quality allows a reduction in financial distress that occurs in the company so as to produce financial statements with integrity.
Pengaruh Kompetensi, Akuntabilitas dan Independensi pada Kualitas Audit dengan Etika Auditor Sebagai Variabel Moderasi
Anak Agung Istri Tirtamas Wisnu Wardhani;
Ida Bagus Putra Astika
E-Jurnal Akuntansi Vol 23 No 1 (2018)
Publisher : Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region
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DOI: 10.24843/EJA.2018.v23.i01.p02
Seorang auditor dalam melaksanakan tugasnya dituntut untuk menghasilkan kualitas audit yang baik. Kualitas audit yang baik dapat dihasilkan jika seorang auditor mampu memperhatikan faktor - faktor yang mempengaruhinya. Kompetensi, akuntabilitas, independensi dan etika auditor merupakan beberapa faktor yang dapat mempengaruhi kualitas audit. Penelitian ini bertujuan untuk mendapatkan bukti empiris kemampuan etika auditor memperkuat pengaruh kompetensi, akuntabilitas, dan independensi pada kualitas audit. Lokasi penelitian ini dilakukan di Kantor Akuntan Publik yang berada di Provinsi Bali dengan jumlah sampel sebanyak 66 auditor. Sampel dipilih menggunakan teknik purposive sampling. Pengumpulan data dalam penelitian ini menggunakan metode survey dengan teknik kuesioner. Teknik analisis data yang digunakan adalah Moderated Regression Analysis (MRA). Hasil penelitian ini menunjukkan hasil pengujian instrumen dan asumsi klasik terpenuhi. Berdasarkan analisis yang dilakukan etika auditor memperkuat hubungan kompetensi dan akuntabilitas. Tetapi disisi lain etika auditor tidak mempengaruhi hubungan antara independensi pada kualitas audit. Hal ini bisa dikarenakan seorang auditor sedang mengalami konflik kepentingan dimana seorang auditor merasa khawatir akan kehilangan kliennya. Kata Kunci: Kompetensi, akuntabilitas, independensi, etika auditor, kualitas audit.
PENGARUH PERBEDAAN LABA AKUNTANSI, LABA FISKAL, TINGKAT HUTANG PADA PERSISTENSI LABA
I Made Andi Suwandika, Ida Bagus Putra Astika
E-Jurnal Akuntansi Vol 5 No 1 (2013)
Publisher : Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region
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ABSTRAK Permasalahan yang hendak dijawab dalam penelitian ini adalah bagimana pengaruh perbedaan antara laba akuntansi dengan laba fiskal serta tingkat hutang pada persistensi laba. Penelitian ini memilih 23 sampel perusahaan perbankan di BEI pada tahun 2007 sampai 2011 dengan metode purposive sampling dan regresi linear berganda sebagai teknik analisisnya. Berdasarkan hasil analisis ditemukan bahwa semakin besar perbedaan laba akuntansi dengan laba fiskal (large negative book-tax differences) tidak menujukkan persistensi laba rendah sedangkan semakin besar perbedaan laba akuntansi dengan laba fiskal (large positive book-tax differences) maka semakin rendah persistensi laba. Perusahaan dengan large negative book-tax differences tidak terbukti memiliki persistensi laba lebih rendah dibanding perusahaan dengan small book-tax differences, sedangkan perusahaan dengan large positive book-tax differences terbukti memiliki persistensi laba lebih rendah dibanding perusahaan dengan small book-tax differences. Tingkat hutang tidak berpengaruh positif dan tidak signifikan pada persistensi laba. Kata kunci: book-tax differences, persistensi laba, tingkat hutang
Pengaruh Rentabilitas, Leverage, Dan Saham Bonus Pada Nilai Perusahaan Di Bursa Efek Indonesia
Ni Wayan Yusy Martha Diani;
Ida Bagus Putra Astika
E-Jurnal Akuntansi Vol 27 No 3 (2019)
Publisher : Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region
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DOI: 10.24843/EJA.2019.v27.i03.p07
Firm value in investor’s perspective is the reflection of company’s prospects. One form of firm value is the change in the market price of a company’s stock. This research aims to obtain empirical evidence of the effect of profitability, leverage, and bonus shares on firm value. This research was conducted on companies in all sectors listed on the Indonesia Stock Exchange for the period 2000-2016. The sample selection used purposive sampling technique with non probability sampling method. The population of this research consisted of 37 companies and the number of samples obtained 35 observations. The data in this study was analyzed using the multiple linear regression methods. Based on the results of the research, it can be concluded that profitability has a negative effect on firm value. Leverage has a positive effect on firm value, and bonus shares do not affect firm value. Keywords: Profitability, Leverage, Bonus Shares, and Firm Value
PENGARUH DUE PROFESIONAL CARE PADA GOOD CORPORATE GOVERNANCE DAN IMPLIKASINYA PADA KUALITAS AUDIT INTERNAL
Ida Bagus Angga Baskara Darmawan;
Ida Bagus Putra Astika
E-Jurnal Akuntansi Vol 20 No 1 (2017)
Publisher : Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region
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The purpose of this study was to analyze the effect of due professional care on good corporate governance and its implications on the quality of internal audit PT. Adira Finance Bali Province. This research was conducted in all branches of PT. Adira Finance Bali Province eight branch offices located in Bali region in 2016. The data collection is done by distributing questionnaires and analysis techniques using path analysis. Based on the analysis, the variables due professional care positive influence on good corporate governance PT. Adira Finance Bali Province. due professional care positive effect on the quality of internal audit PT. Adira Finance Bali Province. Good corporate governance variables have positive influence on the quality of internal audit PT. Adira Finance Bali Province. Good corporate governance is able to mediate or reinforce a positive influence on the quality of due professional care internal audit PT. Adira Finance Bali Province.
Gender Sebagai Pemoderasi Pengaruh Orientasi Tujuan dan Self-Efficacy pada Audit Judgment
I Gusti Agung Rama Sidhimantra;
Ida Bagus Putra Astika
E-Jurnal Akuntansi Vol 31 No 10 (2021)
Publisher : Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region
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DOI: 10.24843/EJA.2021.v31.i10.p02
The results of the study of goal orientation and self-efficacy on audit judgment found inconsistencies that are suspected because there are other factors that influence the relationship between the independent variable and the dependent variable. The gender variable as a moderating variable is expected to explain the inconsistency. This study aims to test gender to moderate the effect of goal orientation and self-efficacy on audit judgment. The population of this study were all auditors who worked at public accountant office in the Bali region who were registered in Indonesian Institute of Public Accountant 2020 as many as 110 people. The method of determining the sample is non-probability sampling method with purposive sampling technique, while the method of data collection uses survey method with questionnaire technique. The analysis technique used is moderated regression analysis. The results showed that goal orientation and self-efficacy had a positive effect on audit judgment. Gender strengthens the effect of goal orientation on audit judgment while Gender weakens the effect of self-efficacy on audit judgment. Keywords: Goal Orientation; Self-Efficacy; Gender; Audit Judgment.
Pengaruh Employee Stock Option Plan pada Kinerja Perusahaan dan Implikasinya pada Return Saham
Ricci Nurly Trisna;
Ida Bagus Putra Astika
E-Jurnal Akuntansi Vol 22 No 2 (2018)
Publisher : Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region
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DOI: 10.24843/EJA.2018.v22.i02.p01
ESOP is a program to give employee a chance to have company stock. In order to increase performance. The increasing employee performace, it’s can increasing company performance too. This study aims is for knowing the effect Employee Stock Option Plan on company performance and the implications on stock return. The total sample as much as 34 company, with method is purposive sampling. The data analysis technique be use is multiple linier regression. First hypothesis testing results is ESOP have positive effect to company performance. The second hypothesis testing results show that ESOP have positive effect to stock returns. The third hypothesis testing results show that company performance have positive effect to stock returns. The fourth hypothesis testing result show that company performance partially have significant effect to stock returns. Keywords: ESOP, Company Performace, Stock Returns
PERBEDAAN KINERJA DAN NILAI PERUSAHAAN SEBELUM DAN SETELAH PERGANTIAN CHIEF EXECUTIVE OFFICER
I Ketut Prasantia Noor;
Ida Bagus Putra Astika
E-Jurnal Akuntansi Vol 17 No 2 (2016)
Publisher : Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region
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The purpose of this study was to determine differences in financial performance before and after the turn of the CEO and the market value before and after the change of CEO. This research was conducted in a manufacturing company doing CEO turnover and listed in Indonesia Stock Exchange 2010-2014. The number of samples in this study were 30 companies using purposive sampling. Data analysis technique used is a different test. Based on the analysis found that there are differences in the performance and the value of the company before and after the change of CEO. This means, the new CEO did income decreasing, even big bath in the first year he took office. Poor performance is delegated to the CEO who long to reduce earnings at the beginning of the new CEO took office. With the profit decline would certainly increase the possibility of obtaining a higher profit in the next period.