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INDONESIA
Jurnal Sinergi
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Core Subject : Education,
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Articles 6 Documents
Search results for , issue "Vol. 8 No. 1 (2006)" : 6 Documents clear
Pengaruh Insider Ownership dan Risiko Pasar terhadap Kebijakan Dividen Suwaldiman Suwaldiman; Ahmad Aziz
Sinergi: Kajian Bisnis dan Manajemen Vol. 8 No. 1 (2006)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/js.v8i1.426

Abstract

This research tests the effect of insider ownership, market risk, market to book value, size, earning variability, profitability, and growth to the dividend policy represented by dividend pay-out ratio. Main independent variables and control independent variables are employed in this research. The main independent variables consist of insider ownership and market risk. Meanwhile, the control variables consist of market to book value, size, earning variability, profitability, and growth. The analysis of this research proves that the dividend policy does not depend on the amount of the share ownership by insider parties such as managers. Additionally, the dividend policy also does not depend on the market risk. Those mean that the bigger amount of share ownership by insiders and the higher market risk do not cause to the lower dividend payment represented by dividend pay-out ratio.Key words: insider ownership, market risk, market to book value, size, earning variability, profitability, dividend policy, dividend pay-out ratio.
The Effect of Merger and Acquisition Announcements on Stock Price Behaviour and Financial Performance Changes: A Case of Banks in Malaysia D. Agus Harjito; Zunaidah Sulong
Sinergi: Kajian Bisnis dan Manajemen Vol. 8 No. 1 (2006)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/js.v8i1.421

Abstract

This study attempts to examine the effect of mergers and acquisitions completion announcements on the stock price behavior for two anchor banks; Hong Leong Bank Berhad and Arab Malaysian Bank Berhad. The analysis uses the event study technique, the Naïve Model, a model that is based on Market Model with constrained  = 0 and  = 1 to compute the abnormal returns surrounding the mergers and acquisitions completion announcement date; also to evaluate the effect of mergers and acquisitions completion announcement on the banks’ return. This study also analyses the financial performance changes to provide a naïve analytical framework by using financial ratios for these two anchor banks. Overall, the result from event study shows that the mergers and acquisitions completion announcements are more likely to be treated as positive information. However, the results from financial performance measures for all the ratios, that are calculated, indicate that there is no improvement in any of the performance measures after the mergers and acquisitions is completed.Keywords: merger, acquisition, stock prices, financial performance.
Agile Supply Chain: Competing Through Competitive Excellence Lina Anatan
Sinergi: Kajian Bisnis dan Manajemen Vol. 8 No. 1 (2006)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/js.v8i1.422

Abstract

Global competition characterized by changing customer and technological re-quirement. To cope with this instability conditions, companies need to focus on cost and qual-ity advantage. They are undergoing business efficiency and effectiveness through reassessing internal business operation such as purchasing, warehousing, material management and dis-tribution. Speed, quality, and flexibility are being emphasized as a competitive excellence of responding to the customer’s need. To become more responsive to the needs of customer and market require more than speed, it also requires a high-level maneuverability that has come to be the term agility. Agility in supply chain is one of the solutions to achieve competitive advan-tage as it provides many opportunities for reducing operating cost and improving customer service and satisfaction. In other words, the agility of a supply chain shown how well the rela-tionships involved in the processes mentioned enhance the objectives of agile manufacturing. These objectives are customer enrichment ahead of competitors, achieving mass customization at the cost of mass production, mastering change and uncertainty through routinely adaptable structures, and leveraging the impact of people across enterprises through information tech-nology.Keywords: leanness, agility, agile supply chain, competitive excellence
Positive Affect, Negative Affect dan Kepuasan Upah Karyawan dalam Perspektif Signal Sensitivity Muhammad Zaky
Sinergi: Kajian Bisnis dan Manajemen Vol. 8 No. 1 (2006)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/js.v8i1.423

Abstract

Wage is an important element in a company. For employes, wage reflects what they get from their service give to the company. Meanwhile it is, normally, a significant part of cost for most of company. This article highlights the importance of company to have a great attention on dispositional factors, such as positive affect (PA) and negative affect (NA)t, rather than situational factors in determining labor pay satisfaction. In the signal sensitivity perspective, dispositional factors give more deep information about   pay satisfaction of the employee.Keywords: Positive affect (PA), negative affect (NA), pay satisfaction, signal sensitivity.
Kinerja Extra-Role dan Kebijakan Kompensasi Hannah.D Vanzuela Garay
Sinergi: Kajian Bisnis dan Manajemen Vol. 8 No. 1 (2006)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/js.v8i1.424

Abstract

The voluntary and spontaneity behavior of an individual to do errands outside his/her responsibility and current tasks for the sake of his/her organization’s progress is found to be useful in boosting organizational effectiveness. This behavior is known as extra-role performance or organizational citizenship behavior (OCB). However, there are not many re¬searches done to study further on the role of compensation policy in the development of extra-role performance of the individual. The focal point of this article is on the compensation policy process that encourages extra-role performance. Moreover, this article holds the as¬sumption that compensation policy has positive relationship towards the emergence of extra-role performance as being mediated by the satisfaction of individual on the compensation system.Keywords: extra role, compensation policy, satisfaction
Manajemen Laba: Konsep, Bukti Empiris dan Implikasinya Primanita Primanita; Setiono Setiono
Sinergi: Kajian Bisnis dan Manajemen Vol. 8 No. 1 (2006)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/js.v8i1.425

Abstract

This paper is to review earning management from the academic evidence and its implication for accounting standard setters and regulators. Definition of earning management is that it occurs when management use judgement in financial reporting and in structuring transactions to alter financial reports to either mislead some stakeholders about underlying economic performance of the company or to influence contractual outcomes that depends on reported accounting numbers. Previous research was done to identify manager’s reporting incentives and factors that inflluence earning management, management motivation in doing earning management and investor reaction to these practices and specific accurals that was used to manage earning. The implication for standard setters and regulators  is that academic findings should give insights on how far management is allowed to manage earnings. Key words: earning management, income smoothing, accruals

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