Article Per Year (5 Year)
p-Index From 2021 - 2026
0
P-Index
This Author published in this journals
All Journal Jurnal Akuntansi dan Keuangan
Sansaloni Butar Butar
"Universitas Katolik Soegijapranata"
Economics, Econometrics & Finance

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
Board of Commisioners Composition, Governance Committee, and Stock Price Synchronicity Sansaloni Butar Butar
Jurnal Akuntansi dan Keuangan Vol. 21 No. 1 (2019): MAY 2019
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (397.013 KB) | DOI: 10.9744/jak.21.1.1-11

Abstract

Market returns do not fully explain individual stock return changes, suggesting insynchronous movement between the two types of returns. The phenomena is widely called stock price synchronicity. Stock price synchronicity refers to the extent to which firm-specific information incorporated in stock prices. Prior studies suggest that price synchronicity is negatively associated with information quality. Firms with poor informational environment is likely to produce unreliable financial reports. Hence, it is a necessity for a firm to establish internal mechanisms, reflected in its corporate governance system, to promote conducive informational environment. One pillar of good corporate governance is the existence of effective Board of Commissioner. This study examines the association between Board of Commissioner composition and stock price synchronicity. Board of Commissioners composition includes Board independence, Board size, and gender diversity. In addition, this study also examine the role of Governance Committee in lowering stock price synchronicity. Regression analysis show that Board size and Board independence are negatively associated with stock price synchronicity. But no significant result were found for gender diversity. These findings suggest that larger Board size and more independent Board play significant role in improving the quality of financial reporting. And the presence of female commsioners do not affect financial reporting quality.
The effects of Corporate Governance, Audit Quality, and Conservatism on Loan Collateral Requirements Sansaloni Butar Butar
Jurnal Akuntansi dan Keuangan Vol. 22 No. 1 (2020): MAY 2020
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (548.539 KB) | DOI: 10.9744/jak.22.1.28-39

Abstract

In competitive credit markets, borrowers and lenders have equal information on default risks. Under these circumstances, loan collateral are less important in credit decision-making. But in emerging credit market,  like Indonesia, borrowers and lenders do not possess equal information on firms’ future prospect, making use of collateral in mitigating default risk have become common practice. Despite strong theoretical support for the use of collateral to protect lenders from default risk, excessive protection may have a negative effect on the debt markets. However,  some Indonesian firms are not required to provide collateral for bank debts. This study examines the effect of Board of Commissioners independence, governance committees, audit quality, and conservatism on the likelihood of using loan collateral. Using slovin formula, as much as 785 firm listed in Indonesia Stock Exchange were collected during sample period of 2012-2015.  Logistic regression analysis suggest that firms with higher Board of Commissioners independence, having separate governance committee, hire Big 4 auditors, apply conservative accounting policies are less likely to provide loan collateral.
Co-Authors