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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

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1219.399 KB)

Abstract

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

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33312/ijar.197

Abstract

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

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v5i3.5794

Abstract

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.
The Effect of Profitability, Leverage, and Institutional Ownership on the Firm Value of Transportation Companies Listed on the Indonesia Stock Exchange Baskara, Ida Bagus Reri Mahesa; Ida Bagus Putra Astika
E-Jurnal Akuntansi Vol. 35 No. 11 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EJA.2025.v35.i09.p24

Abstract

Firm value is a market value that can provide prosperity to shareholders. They want the market price of the companies under their control to increase. They need fundamental company information such as information about the company's profitability, leverage or capital structure of institutional ownership, and use that information to make decisions or release shares that they already hold. This study aims to obtain empirical evidence of the effect of profitability, leverage, and institutional ownership on the value of transportation companies listed on the Indonesia Stock Exchange 2010-2014. The number of samples, using a purposive sampling method of 14 companies from 33 companies so that the total observations obtained were 70 observations. The data analysis technique used in this study is multiple linear regression. The results of the analysis prove that profitability and institutional ownership have a positive effect and leverage has a negative effect on the value of transportation companies listed on the Indonesia Stock Exchange.
The Effect of Profitability, Leverage, and Institutional Ownership on the Firm Value of Transportation Companies Listed on the Indonesia Stock Exchange I.B. Reri Mahesa Baskara Diwangkara; Ida Bagus Putra Astika
E-Jurnal Akuntansi Vol. 35 No. 11 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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

Abstract

Firm value is a market value that can provide prosperity to shareholders. They want the market price of the companies under their control to increase. They need fundamental company information such as information about the company's profitability, leverage or capital structure of institutional ownership, and use that information to make decisions or release shares that they already hold. This study aims to obtain empirical evidence of the effect of profitability, leverage, and institutional ownership on the value of transportation companies listed on the Indonesia Stock Exchange 2010-2014. The number of samples, using a purposive sampling method of 14 companies from 33 companies so that the total observations obtained were 70 observations. The data analysis technique used in this study is multiple linear regression. The results of the analysis prove that profitability and institutional ownership have a positive effect and leverage has a negative effect on the value of transportation companies listed on the Indonesia Stock Exchange.
Co-Authors - Nurhayati A. A. Istri Mega Cahyani A. A. Istri Rani Pradnyandari A. A. N. B Dwirandra A. A.Ngurah Indrajaya A.A. Sagung Nur Andiani A.A.Ayu Indah Kartikasari A.A.Ayu Trisna Bulan Anak Agung Ayu Intan Purnama Sari Anak Agung Ayu Ratih Radityastuti Anak Agung Gde Putu Widanaputra Anak Agung Istri Tirtamas Wisnu Wardhani Anak Agung Ngurah Bagus Dwirandra Anak Agung Ngurah Darma Suwindra Anak Agung Sagung Rina Kesuma Dewi Ayu Arysta Dewi Ayu Made Dian Pertiwi Dwipayanti Ayu Wulandari Baskara, Ida Bagus Reri Mahesa Cokorda Gde Bayu Putra Cokorda Istri Mas Pradnyadari Pemayun Desak Nyoman Sri Juliartini Dewa Nyoman Badera Evelin Budiarti Gde Deny Larasdiputra Gede Ary Surya Wardhana Gerianta Wirawan Yasa Gusti Agung Ayu Intan Permata Sari gusti ayu dyah indraswari Herkulanus Bambang Suprasto I Dewa Gede Dharma Suputra I Dewa Made Endiana I G A Asti Pratini I Gede Bayu Wirayudha I Gst Ngr Agung Bayu Pati I Gusti Agung Himawantara I Gusti Agung Rama Sidhimantra I Gusti Ayu Ary Meitari I Gusti Ayu Asti Pratini I Gusti Ayu Made Asri Dwija Putri I Gusti Ayu Nyoman Budiasih I Gusti Ayu Putu Della Sabrina Purwanti I Gusti Ngurah Agung Dicky Wibawa I Gusti Ngurah Indra Pramaswaradana I Gusti Ngurah Yoga Dimas Atmaja I Kadek Bagus Acintiawan I Ketut Prasantia Noor I Ketut Winanda I Ketut Yadnyana I Made Artha Budi Susila I Made Sadha Suardikha I Made Sukartha I Nyoman Putra Wibawa I Putu Ekapratama Rangga Sudana I Wayan Armadi I Wayan Suartana I Wayan Subrata I.A Rayhita Santhi I.B. Oka Surya Wibawa I.B. Reri Mahesa Baskara Diwangkara Ida Ayu Arie Ristadewi Ida Ayu Devi Candra Pradnyani Ida Ayu Ganetri Priyadarshini Wikrami Ida Ayu Gayatri Ida ayu kade Krisna Astuti Ida Ayu Made Widiantari Ida Ayu Paramitha Astuti Ida Ayu Prabadewi Apsari Ida Ayu Pradnyani Wedhasari Ida Ayu Try Surya Warsitasari Ida Bagus Adi Putra Ida Bagus Alit Surya Dharma Ida Bagus Angga Baskara Darmawan Ida Bagus Putu Satriya Wibawa Putra Guntur Ida Bagus Putu Weda Pratama Ida Bagus Sugita Adi K. Budiartha Kadek Dita Purwita Sari Kadek Fitria Dewi Kadek Prawisanti Dira Komang Asri Pratiwi Komang Tri Utariyani Lalu Yoga Putra Wiguna Luh Putu Lisa Anastasia Kameswari Made Ayu Jayanti Prita Utami Made Ayu Prilla Winda Puspita Made Gede Wirakusuma Made Norisa Astiyani Made Tika Widyastuti MADE WAHYU ADHIPUTRA Maria Meiatrix Ratna Sari Mutiara Ulfa Tsuroyya Nadya Anjani Nancy Natalie Ngurah Surya Maotama Ni Ayu Wisma Dewi Ni Kadek Ari Adnyani Ni Kadek Dewi Octaviani Ni Kadek Puspita Yadnya Dewi Ni Ketut Ari Widyati Ni Ketut Rasmini Ni Ketut Ratna Kusumayanti Ni Komang Ayu Rustini Ni Luh Putu Ratna Wahyu Lestari Ni Luh Putu Santi Artini Ni Luh Putu Sri Purnama Pradnyani Ni Made Ayu Pinatih Ni Made Ayu Widiariani Ni Made Dini Hari Putri Ni Made Dwi Ratnadi Ni Made Intan Priliandani, Ni Made Intan Ni Made Krisdhayani Ni Made Wiwik Menawati Ni Nyoman Dita Arisandi Ni Nyoman Kristiana Dewi Ni Putu Eka Mardiantari Ni Putu Kartika Eka Putri Ni Putu Maetri Megantari Ni Putu Sri Harta Mimba Ni Putu Yuni Asih Ni Rasmini Ni Wayan Septia Wini Ni Wayan Yusy Martha Diani Nyoman Cyntia Riesta Utami Prihono Prihono Putri Puspita Putu Adnyana Putra Putu Aldhi Surata Putu Ayu Yuliantini Putu Cintya Purnama Dewi Putu Diah Kumalasari Putu Diah Savitri Putu Indah Suyantari Putu Monik Candra Maharani Putu Puja, Ida Bagus Putu Rani Adnyani Asak Putu Wahyu Eka Budi Putu Yudha Asteria Putri Rai Dwi Andayani W Ricci Nurly Trisna Rivandi Pradana Sagung Mas Ary Indrayanti Sayu Made Parwati Sila Prakasa Sukma Indah Purnama