Articles
<![CDATA[The Ohlson (1995) Model and Stock Return ]]>
<![CDATA[DEWA GEDE WIRAMA]]>
<![CDATA[ The Indonesian Journal of Accounting Research Vol 13, No 1 (2010): IJAR January 2010 ]]>
Publisher : <![CDATA[The Indonesian Journal of Accounting Research ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.33312/ijar.215
<![CDATA[This research reexamines the ability of Ohlson (1995) valuation model in predicting stock return. Empirical specifications of the model in previous researches violated the model assumptions regarding the nature of model's parameters, discount factor, and the clean surplus relation. Those violations undermine the validity of the researches' conclusions regarding the model.Two portfolios are formed based on the ratio between stock values as calculated by Ohlson Model and market prices, both in relative and absolute terms. In relative term, stocks with relatively high ratio are considered to be undervalued and therefore command a higher return, and vice versa. In absolute term, a stock is considered to be undervalued if the ratio is greater than one.Return prediction is based on a buy-and-hold strategy for one to eight years investment periods. Using a sample of 96 companies listed in the Indonesian Stock Exchange, providing a total of 768 firm-year observations, it is found the Ohlson Model can predict return only in relative term but not in absolute term. Consequently, an investor who wishes to utilize the model in forming stock portfolio must calculated the value of each company listed in the stock market, and buy those stocks that are relatively undervalued compared to the overall market valuation.]]>
<![CDATA[PENGARUH SIZE DAN AGE PADA TINGKAT UNDERPRICING SAHAM PERDANA DI BURSA EFEK INDONESIA ]]>
<![CDATA[Pande Kadek Ary Raditya Permadi]]>;
<![CDATA[Dewa Gede Wirama]]>;
<![CDATA[Gayatri Gayatri]]>;
<![CDATA[I Gusti Ngurah Agung Suaryana]]>
<![CDATA[ E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.11.NO.11.TAHUN.2022 ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Udayana ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.24843/EEB.2022.v11.i11.p12
<![CDATA[The purpose of this study is to determine the stock price of companies whose IPOs have increased in the medium and long term, and also to determine the effect of size and age on the level of underpricing of initial shares on the Indonesia Stock Exchange. The population in this study were all companies that IPO on the Indonesia Stock Exchange in 2009 – 2017. The population in this study was 207 companies. The method of determining the sample selected is non-probability sampling with purposive sampling technique. Purposive sampling is a sampling technique with certain considerations, namely experiencing underpricing during the IPO and never being suspended or delisted during the observation period. The sample in this study were 171 companies. Analysis of the data used is multiple linear regression. The results of the descriptive analysis show that in the medium term the stock price has increased, while in the long term it has not increased. The results of the regression analysis show that size and age have a negative effect on underpricing in the medium term, while no effect in the long term.]]>
<![CDATA[PENGARUH SIKAP, PERTIMBANGAN PASAR KERJA, DAN PERSEPSI MENGENAI MASA STUDI PADA NIAT MAHASISWA MENGIKUTI PPAk ]]>
<![CDATA[Gusti Ayu Kade Risanti Darmawan]]>;
<![CDATA[Dewa Gede Wirama]]>
<![CDATA[ E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.12.NO.01.TAHUN.2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Udayana ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.24843/EEB.2023.v12.i01.p07
<![CDATA[The aims of this study is to provide empirical evidence regarding the effect of attitudes, job market considerations, and perceptions length of study on the intentions of accounting students to take accounting profession educations. Quantitative methods with the distribution of questionnaires related to the measurement of variables are used in this research. The population in this research amounted to 814 students. By taking samples using the non-probability sampling method, a sample of 240 respondents was obtained. The data analysis used in this research is multiple linear regressionnanalysis. The results indicate that attitudes, labor market considerations, and perceptions length of study have positive effects on the intentions of accounting students to enrollin accounting profession education. These findings support the theory of planned behavior.]]>
<![CDATA[Socio Emotional Wealth Approach and Corporate Social Responsibility Disclosure in Indonesia ]]>
<![CDATA[Ni Made Adi Erawati]]>;
<![CDATA[Dewa Gede Wirama]]>;
<![CDATA[Endra Kartika Yudha]]>
<![CDATA[ Jurnal Ilmiah Akuntansi Vol 9 No 1 (2024) ]]>
Publisher : <![CDATA[Universitas Pendidikan Ganesha ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.23887/jia.v9i1.74605
<![CDATA[This study aims to demonstrate that corporate governance moderates the effect of family ownership on Corporate Social Responsibility (CSR) disclosure. This research employs an archival approach, utilizing content analysis, in-depth discussions, observations, and secondary data. The sample consists of family-owned companies (Family Business Enterprises) within the manufacturing industry, selected using a purposive sampling method. The data were tested and analyzed using SPSS. The results indicate that family ownership has a positive effect on CSR disclosure. Moreover, corporate governance can enhance the positive influence of family ownership on CSR disclosure. These findings support the Socio-Emotional Wealth Theory, suggesting that family companies are more likely to prioritize CSR disclosure to preserve the family name and prestige. The study contributes to the accounting literature by highlighting the interplay between family ownership, corporate governance, and CSR practices. It provides valuable insights for policymakers and practitioners, emphasizing the importance of robust corporate governance structures in promoting transparency and accountability in family-owned businesses. By understanding these dynamics, stakeholders can better appreciate the motivations behind CSR disclosures in family firms and work towards fostering a more socially responsible corporate environment.]]>
<![CDATA[The Effect of Beta, Price to Book Value, Company Size, Profitability and Investment on Stock Returns ]]>
<![CDATA[Agustina Marsella Klau Seran]]>;
<![CDATA[Dewa Gede Wirama]]>
<![CDATA[ International Journal of Management Research and Economics Vol. 3 No. 1 (2025): February : International Journal of Management Research and Economics ]]>
Publisher : <![CDATA[Institut Teknologi dan Bisnis (ITB) Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.54066/ijmre-itb.v3i1.2625
<![CDATA[This study aims to obtain empirical evidence regarding the influence of 5 factors in the Fama-French 5 Factor Model, namely beta, price to book value , company size, profitability and investment on stock returns. This study analyzed 270 samples of companies listed on the Indonesia Stock Exchange for the 2022 period. The samples were selected using the probability sampling method and analyzed using multiple linear regression analysis techniques. The results of the study indicate that beta and investment have a positive effect on stock returns, company size has a negative effect on stock returns, but price to book value and profitability have no effect on stock returns. The results of this study are not fully able to confirm the accuracy of the Fama-French 5 Factor Model.]]>
<![CDATA[The Influence of Capital Expenditure, Leverage, and Dividend Policy on the Relative Value of Non-Financial Companies Listed on the IDX ]]>
<![CDATA[Vicky Vicky]]>;
<![CDATA[Dewa Gede Wirama]]>
<![CDATA[ International Journal of Economics, Management and Accounting Vol. 1 No. 3 (2024): September : International Journal of Economics, Management and Accounting ]]>
Publisher : <![CDATA[Asosiasi Riset Ekonomi dan Akuntansi Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.61132/ijema.v1i3.332
<![CDATA[The research aims to analyze the impact of capital expenditure, leverage, and dividend policy on the relative value of non-financial companies listed on the Indonesia Stock Exchange. Using a quantitative method and multiple linear regression analysis, data were collected from the financial statements of companies over a certain period. Descriptive statistical tests, classical assumption tests, and hypothesis tests were conducted to analyze the data. The results indicate that capital expenditure and leverage do not have a significant impact on the relative value of the companies, while dividend policy has a positive and significant effect. These findings have important implications for investors in considering a company's dividend policy before making investments. For companies, the results serve as a reference to pay more attention to dividend policies in efforts to increase the relative value of the company.]]>
<![CDATA[Profitabilitas, Pertumbuhan pada Struktur Modal, dan Ukuran Perusahaan sebagai Variabel Pemoderasi ]]>
<![CDATA[Anak Agung Istri Jayanti Hotama]]>;
<![CDATA[Dewa Gede Wirama]]>
<![CDATA[ E-Jurnal Akuntansi Vol 33 No 9 (2023) ]]>
Publisher : <![CDATA[Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.24843/EJA.2023.v33.i09.p07
<![CDATA[The purpose of this study is to provide empirical evidence regarding the effect of profitability and growth on the capital structure with firm size as moderating variable. This research was conducted on non-financial companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2020 period. 59 companies with three years of observation period were selected, resulting in a sampel of 177 firm-year. Using non-probability sampling with purposive sampling technique, this study used moderated regression analysis technique. The results of the analysis show that profitability and growth had a positive effect on capital structure, and that firm size moderates the effect of profitability and growth on the capital structure of non-financial companies listed on the Indonesia Stock Exchange for the 2018-2020 period. Keywords: Profitability, Growth, Size, Capital Structure.]]>
<![CDATA[Reaksi Pasar Sektor Properti dan Real Estat atas Penjualan Perdana Mega Proyek Meikarta ]]>
<![CDATA[Ni Ketut Modi Pitriani]]>;
<![CDATA[Dewa Gede Wirama]]>
<![CDATA[ E-Jurnal Akuntansi Vol 30 No 2 (2020) ]]>
Publisher : <![CDATA[Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.24843/EJA.2020.v30.i02.p17
<![CDATA[The launching of Meikarta mega project gained positive response from customers. As many as 17,435 apartment units was sold on the day the project was launched. Because of its huge scale, the Meikarta has the potential to boost the property and real estate sector that was down at the time. The aim of this research is to analyze the information content of Meikarta project, especially for firms in the property and real estate sector. The information content is to be identified by market response, which in turn to be measured by abnormal return using market-adjusted model with five-day event windows around the launching date. Sample consists of 48 firms in the property and real estate sector. The results of the analysis show that there is no statistically significant market response to the launching of Meikarta project. Therefore, it is concluded that the Meikarta project does not have any information content. Keywords: Meikarta; Property and Real Estate Sector; Information Content; Market Reaction; Abnormal Return.]]>
<![CDATA[Konsentrasi Geografis, Ukuran Perusahaan, Tipe Industri dan Pengungkapan Corporate Social Responsibility ]]>
<![CDATA[Ni Wayan Pitriyani]]>;
<![CDATA[Dewa Gede Wirama]]>
<![CDATA[ E-Jurnal Akuntansi Vol 31 No 1 (2021) ]]>
Publisher : <![CDATA[Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.24843/EJA.2021.v31.i01.p16
<![CDATA[This study analyzed the effect of geographic concentration, company size, and industry type on corporate social responsibility disclosure. Corporate social responsibility disclosure is one of the media to show the company's social care to maintain the legitimacy of the community. This research was conducted on companies listed on the Indonesia Stock Exchange from 2016 to 2018. Samples amounted to 46 companies with 138 observations. Data were analyzed by multiple linear regression. Based on the results of the analysis found that geographic concentration and company size have a positive effect, while the type of industry does not affect the disclosure of corporate social responsibility. The results of this study provide empirical evidence relating to the validity of the theory of legitimacy and can be used as a consideration in decision-making for stakeholders. Keywords: CSR Disclosure; Geographic Concentration; Company Size; Industry Type.]]>
<![CDATA[PENGARUH KONSERVATISME AKUNTANSI DAN GOOD CORPORATE GOVERNANCE PADA KUALITAS LABA ]]>
<![CDATA[Putu Tuwentina]]>;
<![CDATA[Dewa Gede Wirama]]>
<![CDATA[ E-Jurnal Akuntansi Vol 8 No 2 (2014) ]]>
Publisher : <![CDATA[Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[Earnings quality is one of information that affects the stakeholders in making decisions about the company. To analyze the quality of earnings disclosed by the company, it is important to know the factors that affect the quality of earnings. This study was conducted at the companies listed on the Indonesian Stock Exchange and the Corporate Governance Perception Index rating agency or CGPI in 2008-2012. Samples were obtained by 55 by purposive sampling method . The technique of data analysis used is multiple linear regression analysis. proxy for earnings quality measure used is ERC, accounting conservatism measured by the conservatism index , and GCG measured by CGPI index. The results showed that the positive effect of accounting conservatism on earnings quality. So that, companies that use accounting conservatism get a positive response from investors based on earnings presented. Another variable that good corporate governance does not affect the quality of earnings.]]>
