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All Journal Jurnal Manajemen Atma Jaya International Research Journal of Business Studies (E-Journal) Jurnal ULTIMA Accounting BALANCE: Jurnal Akuntansi, Auditing dan Keuangan International Research Journal of Business Studies Balance: Jurnal Akuntansi, Auditing, dan Keuangan
Stevanus Pangestu, Stevanus
Faculty of Economics & Business Atma Jaya Catholic University of Indonesia Jakarta
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Social Sciences

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EDUCATION VERSUS EXPERIENCE: WHICH MATTERS MORE FOR INDONESIAN BANK DIRECTORS? Pangestu, Stevanus
Jurnal Manajemen Vol 13, No 2 (2016): Jurnal Manajemen
Publisher : Jurnal Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (258.372 KB)

Abstract

The purpose of this paper is to assess the effects of board of directors’ education and experience on firm financial performance. Based on the cross-sectional analysis of the involved 30 publicly-listed Indonesian banks, it is found that both directors’ education and experience positively influence bank profitability, measured with Return on Assets ratio. The results of this study supports Hambrick and Mason’s Upper- Echelon theory. Based on the research findings, Indonesian banks are recommended to take experience and education into account when organizing board members—with more emphasis on the former due to the more impact it has. Furthermore, banks should also be encouraged to invest more in their human capital by facilitating further education of its board members.Keywords: Board Of Directors, Education, Experience, Firm Performance, Upper Echelon
DETERMINAN DAN KONSEKUENSI KONSERVATISME AKUNTANSI: MEKANISME CORPORATE GOVERNANCE DAN MANAJEMEN LABA Ongki, Stephanie; Pangestu, Stevanus
BALANCE: Jurnal Akuntansi, Auditing dan Keuangan Vol 15 No 1 (2018): Jurnal Akuntansi, Auditing dan Keuangan: BALANCE
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

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Abstract

This paper attempts to investigate the effects of (i) corporate governance on accounting conservatism, and (ii) accounting conservatism on earnings management. The internal corporate governance mechanisms included were managerial ownership, institutional ownership, audit committee size, and number of independent commissioners. 119 publicly-traded manufacturing corporations were observed for a time period of 5 years (2012-2016, n=595). The data were analyzed using panel regression. This study finds that the number of commissioners negatively affects accounting conservatism, and that accounting conservatism negatively affects earnings management. It is found that the more conservative a firm reports its finances, the less likely the management would manage its earnings. Whereas other variables were found to be insignificant regressors of accounting conservatism.
Herding Behavior in Indonesian Investors Fransiska, Maria; Sumani, Sumani; Pangestu, Stevanus
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 11, No 2 (2018): August-November 2018
Publisher : Universitas Prasetiya Mulya

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Abstract

EDUCATION VERSUS EXPERIENCE: WHICH MATTERS MORE FOR INDONESIAN BANK DIRECTORS? Pangestu, Stevanus
Jurnal Manajemen Vol 13 No 2 (2016): Jurnal Manajemen
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (258.372 KB)

Abstract

The purpose of this paper is to assess the effects of board of directors’ education and experience on firmfinancial performance. Based on the cross-sectional analysis of 30 publicly-listed Indonesian banks, it isfound that both directors’ education and experience positively influence bank profitability, measured withReturn on Assets ratio. The results of this study support Hambrick and Mason’s Upper-Echelon theory.Based on the research findings, Indonesian banks are recommended to take experience and education intoaccount when organizing board members—with more emphasis on the former due to the moresignificantimpact it has. Furthermore, banks should also be encouraged to invest more in their human capital byfacilitating further education of their board members.
DETERMINAN DAN KONSEKUENSI KONSERVATISME AKUNTANSI: MEKANISME CORPORATE GOVERNANCE DAN MANAJEMEN LABA Ongki, Stephanie; Pangestu, Stevanus
BALANCE: Jurnal Akuntansi, Auditing dan Keuangan Vol. 15 No. 1 (2018): BALANCE: Jurnal Akuntansi, Auditing dan Keuangan
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

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

Abstract

This paper attempts to investigate the effects of (i) corporate governance on accounting conservatism, and (ii) accounting conservatism on earnings management. The internal corporate governance mechanisms included were managerial ownership, institutional ownership, audit committee size, and number of independent commissioners. 119 publicly-traded manufacturing corporations were observed for a time period of 5 years (2012-2016, n=595). The data were analyzed using panel regression. This study finds that the number of commissioners negatively affects accounting conservatism, and that accounting conservatism negatively affects earnings management. It is found that the more conservative a firm reports its finances, the less likely the management would manage its earnings. Whereas other variables were found to be insignificant regressors of accounting conservatism.
Herding Behavior in Indonesian Investors Sumani; Fransiska, Maria; Willy; Pangestu, Stevanus
International Research Journal of Business Studies Vol. 11 No. 2 (2018): August-November 2018
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.11.2.129-143

Abstract

This research attempts to investigate the herding behavior of the companies that invested in IDX LQ45 Index during 2014 through 2016. Herd behavior is the tendency of investors to follow other investors’ actions in the market. LQ45 was chosen as it comprises the most heavily-traded stocks of the Indonesian Stock Exchange. This research used Vector Autoregressive model to determine the effects of size and market return on the herding behavior. The Granger causality test suggests that there are dynamic interactions: (i) between size and herding behavior; and (ii) between market return and herding behavior. In addition, Variance Decomposition and Impulse Response reveal that market capitalization (size) has variable of the greater role in defining herding behavior, compared to that of market return.
DETERMINAN DAN KONSEKUENSI KONSERVATISME AKUNTANSI: MEKANISME CORPORATE GOVERNANCE DAN MANAJEMEN LABA Ongki, Stephanie; Pangestu, Stevanus
BALANCE: Jurnal Akuntansi, Auditing dan Keuangan Vol. 15 No. 1 (2018): BALANCE: Jurnal Akuntansi, Auditing dan Keuangan
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

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

Abstract

This paper attempts to investigate the effects of (i) corporate governance on accounting conservatism, and (ii) accounting conservatism on earnings management. The internal corporate governance mechanisms included were managerial ownership, institutional ownership, audit committee size, and number of independent commissioners. 119 publicly-traded manufacturing corporations were observed for a time period of 5 years (2012-2016, n=595). The data were analyzed using panel regression. This study finds that the number of commissioners negatively affects accounting conservatism, and that accounting conservatism negatively affects earnings management. It is found that the more conservative a firm reports its finances, the less likely the management would manage its earnings. Whereas other variables were found to be insignificant regressors of accounting conservatism.
DETEKSI FRAUDULENT FINANCIAL REPORTING MENGGUNAKAN FRAUD PENTAGON Carla, Carla; Pangestu, Stevanus
Ultimaccounting Jurnal Ilmu Akuntansi Vol 13 No 1 (2021): Ultima Accounting : Jurnal Ilmu Akuntansi 
Publisher : Universitas Multimedia Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31937/akuntansi.v13i1.1857

Abstract

Abstract” The purpose of this research is to analyze the effects of variables, which were derived from the Fraud Pentagon framework, on earnings management. Beneish M-Score was used to measure earnings management, which serves as a proxy fraudulent financial reporting. The independent variables consist of financial target, financial stability, external pressure, personal financial need, nature of industry, effective monitoring, change in auditor, change in director, and CEO duality. One hundred and sixteen publicly traded manufacturing companies were examined for the period 2016-2018 (n=348). Our balanced dataset was analyzed using fixed-effects panel regression. Our investigation finds that financial target, external pressure, personal financial need, nature of industry, change in auditor, and CEO duality significantly affect fraudulent financial reporting. Meanwhile, financial stability, ineffective monitoring, and change in director do not significantly affect fraudulent financial reporting. Keywords: Earnings Management; Fraud, Fraud Pentagon; Fraudulent Financial Reporting
Co-Authors Carla, Carla Maria Fransiska Ongki, Stephanie Ongki, Stephanie Sumani Willy Yundari, Yundari