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All Journal Petra International journal of Business Studies (IJBS) Jurnal Manajemen Perhotelan International Journal of Organizational Behavior and Policy
Tessa Vanina Soetanto
Petra Christian University
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science

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BOARD DIVERSITY AND CORPORATE RISK: EVIDENCE FROM INDONESIAN LISTED MANUFACTURING COMPANIES IN 2016-2019 Fransisca Shania; Pamela Andriani; Tessa Vanina Soetanto
Jurnal Manajemen Perhotelan Vol. 8 No. 2 (2022): SEPTEMBER 2022
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/jmp.8.2.106-116

Abstract

Recently, board diversity has become an essential part of the modern business environment. Its awareness rises since it affects how the board carries out its duties, the board's efficacy, and the risk-taking behavior, leading to companies' outcomes and value. Therefore, the researchers conducted the study to know the impact of board diversity, precisely, the Board of Commissioner and corporate risk with the diversity of gender, age, nationality, education, and tenure. Board size, market to book ratio, tangibility, leverage, and profitability were used as control variables. This study focused on Indonesia's manufacturing companies listed in the IDX during 2016-2019, with 300 sample data collected from 75 companies. The data gathered were further analyzed using multiple linear regression. As a result, nationality diversity, tangibility, leverage, and profitability significantly affect corporate risk. Inversely, diversity of gender, age, education, tenure, the board size, and market-to-book ratio do not significantly affect corporate risk.
Young Adults' Investment Decisions in Surabaya: The Influence of Financial Literacy and Risk Perception Pavita Kelviani Chandra; Laura Brigita Pangkey; Tessa Vanina Soetanto
International Journal of Organizational Behavior and Policy Vol 2 No 2 (2023): JULY 2023
Publisher : Accounting Department, School of Business and Management - Universitas Kristen Petra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijobp.2.2.87-96

Abstract

Important investment decisions allocate an investor's assets in light of further consideration. As youthful investors have dominated the investor population in recent years, investors should be cautious of the elements that influence investment decisions. Despite its significance, few or no studies have examined the influence of financial literacy and risk perception on investment decisions among young adults in Surabaya. This study seeks to determine the impact of financial literacy and perception of risk in investment decision-making, specifically young adults in Surabaya, both simultaneously and individually. By distributing questionnaires to a total of 89 respondents, a basic random sampling method was utilized. Then, IBM SPSS Statistics is used to conduct a multiple Linear regression analysis on the data. The findings demonstrated that financial literacy and risk perception have a significant positive relationship with the investment decisions of young adults in Surabaya, both concurrently and separately. In addition, this research enables young adults in Surabaya to comprehend their investment decision, allowing them to comprehend the factors that influence it and obtain useful benefit.
Fama and French Five- Factor Study of Stock Market in Indonesia Bryan Buditomo; Steven Candra; Tessa Vanina Soetanto
International Journal of Organizational Behavior and Policy Vol 3 No 1 (2024): JANUARY 2024
Publisher : Accounting Department, School of Business and Management - Universitas Kristen Petra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijobp.3.1.39-52

Abstract

In general, contemporary finance theories agree that the Fama and French Five-Factor model provides a more comprehensive explanation for average stock returns compared to its predecessors. Previous research on the five-factor model in Indonesia has yielded inconclusive results, and none of the studies has attempted to compare the significance of the five factors over shorter and longer periods, or even within shorter periods. As a result, the researchers of this study endeavor to ascertain the importance of the five elements – the profitability (RMW), market, size (SMB), profitability (RMW), book-to-market (HML), and investment (CMA) factors – to an excess return on the portfolio over shorter and longer periods. The findings indicate that SMB and CMA factors exhibit statistically insignificant, significantly negative, and significantly positive correlations with excess portfolio return, respectively, over the three shorter periods and the longer period. A significant negative correlation is observed between the HML factor and excess portfolio return over the longer period, while the relationship is deemed insignificant over the three shorter periods. No significant relationship was found between the RMW factor and excess portfolio return over the (2005-2019) period and two (2010-2014, 2015-2019) periods, but one shorter period is significantly positive.
Financial Reporting Quality on Dividend Payout Policy During Pandemic COVID-19 Tessa Vanina Soetanto; Salzabila Musa; Thalia Angelica
Petra International Journal of Business Studies Vol. 7 No. 1 (2024): JUNE 2024
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/petraijbs.7.1.28-37

Abstract

The COVID-19 pandemic disrupted the Indonesian business cycle and operations, leading to a stock market decline and reduced average dividend distribution as well as profitability, especially for manufacturing companies. This study investigates the pandemic’s influence on financial reporting quality in Indonesia and its relationship to dividend payout policy. We collected 455 observations from IDX-listed manufacturing companies (2016-2021) and processed them using descriptive statistics and logit regression with three models in Stata. Consistent with the outcome view, the logit regression results suggest that financial reporting quality is affected by the COVID-19 pandemic. Additionally, the three models unanimously display that financial reporting quality has a significant effect on dividend policy. RM1 shows a negative relationship, aligning with financial reporting quality’s impact on mitigating free cash flow problems. Contrarywise, the third model, RM2 identifies a positive and significant relationship consequent to enhancing the company’s image and shareholder satisfaction.
Co-Authors Bryan Buditomo Fransisca Shania Laura Brigita Pangkey Pamela Andriani Pavita Kelviani Chandra Salzabila Musa Steven Candra Thalia Angelica