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Journal : Jurnal EMT KITA

Dampak Employee Stock Option (ESO) Terhadap Abnormal Return pada Perusahaan Terdaftar di Bursa Efek Indonesia: Analisis Peran Corporate Governance sebagai Pemoderasi Rizani, Ahmad; Judijanto, Loso; Setiadi, Sandi; Iswanto, Juni
Jurnal EMT KITA Vol 7 No 4 (2023): OCTOBER 2023
Publisher : Lembaga Otonom Lembaga Informasi dan Riset Indonesia (KITA INFO dan RISET) - Lembaga KITA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/emt.v7i4.1702

Abstract

The purpose of this study is to examine how employee stock options (ESOs) affect abnormal returns while controlling corporate governance. Institutional ownership, management ownership, and independent commissioners are the corporate governance proxy variables that are employed. Using a purposive sample technique, the research sample was made up of businesses that were listed between 2015 and 2020 on the Indonesia Stock Exchange. Data from the 20 sample companies were analyzed using moderated regression analysis (MRA). The findings of the study indicate that employee stock options (ESOs) have a major impact on abnormal returns, and that corporate governance plays a crucial moderating role in controlling the relationship between ESOs and abnormal returns. These findings provide a better understanding of the dynamics between ESOs, corporate governance, and corporate financial performance in the Indonesian capital market.
Co-Authors A, Niluh Putu Abdallah Al- Shreifeen, Iyad Adiwijaya, Saputra Afdhal Chatra Perdana Aghnia Wulandari Alexandra Hukom, Alexandra Amin, Al- Anita, Nur Arief Rahman Arini, Rani Eka Asy'ari, Muhammad Aril Beatris, Diana Benius, Benius Cahyani, Lidya Daiyah, Isrowiyatun Darmayanti Darmayanti Deti Kurniati Djihad, Fajar Era Deka, Rio Fakhriah, Syahriati GS , Achmad Daengs Guilin, Xie Hafid Sumarwadji Hapisah Hapisah, Hapisah Hardianti Hardianti, Hardianti Hety Devita Inayah, Shofiatul Irawan Irawan Ismarini, Novi Iswanto, Juni Januarsih, Januarsih Judijanto, Loso Kartini Kartini Khofifah, Noor Ladjin, Nurjanna Lina Budiarti, Lina Mahdi Mahdi, Mahdi Maslani, Hj. Noorhayati maslani, noorhayati Mediana Pratiwi, Nor Rimadhanty Megawati Megawati - Mesri Welhelmina Nisriani Manafe Muhammad Fuad Muhammad Mukhtar Muhammad Rizhan, Muhammad Muhammad Syafri, Muhammad Muslim, Shohib Neneng, Sunaryo Prihatanti, Nur Rohmah Pungan, Yudi Purnawati, Elisa Purnomo Purnomo Putri, Rezty Arizta Rafidah Rafidah Ramadhani, Puteri Ahyana Rasyad, Rizky Zakariyya Reza Adhi Fajar Rima Harati Sabirin Sabirin, Sabirin Safitri, Elvina Salmani Saptarini, Dessy Lestari Saputra, Citra Dewi Setiadi, Sandi setiawati, erni Silaban, Desi Natalia Sofwan Hadi, Sofwan Sri Sulistyawati, Upik Subianto, Pratiwi Sudarmanto, Eko Supriandi Supriandi, Supriandi Surahmi, Mila Sutisna, Eka Syaiful Anwar Syamsu Rijal Syifa, Siti Rahmatus Takari, Dedi Tiawon, Harin Wahab Syakhrani, Abdul Wati, Eva Lusiana Wattimena, Fegie Yoanti Yovita Yovita Yuniarti Yuniarti Yuswardi Zakiah Zakiah Zakiah, Wiwin