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INDONESIA
PRESTASI
Published by Sekolah Tinggi Ilmu Ekonomi Bank BPD Jateng
ISSN : -     EISSN : -     DOI : -
Core Subject : Education,
Education
Arjuna Subject : -
Articles 7 Documents
 1 
Search results for , issue " Vol 9, No 01 (2012): Juni PRESTASI" : 7 Documents clear
PENGARUH EARNINGS SURPRISE BENCHMARK TERHADAP PREDIKTABILITAS LABA DAN RETURN SAHAM Vestari, Mekani
PRESTASI Vol 9, No 01 (2012): Juni PRESTASI
Publisher : PRESTASI

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Abstract

The aim of this research is to get an empirical evidence about the impact of earnings surprise benchmark on earnings predictability and stock return predictability. The population of this research is 163 manufacture firms which is listed in Indonesia Stock Exchange refer to Indonesian Capital Market Directory that require data for year 2005 until 2010. Based on purposive sampling method the sample in this research is for about 123 firms. Market response is the dependent variable that measured with stock return for period t. Market response is influenced by independent variables which includes earnings predictability, stock returns predictability, earnings yield, asset turnover, operating cash to net income ratio, dividend pay out ratio and the association moderated with earnings surprise benchmark. Earnings predictability is measured by earnings (earnings per share) change  for period t, t+1, and t+2. Return predictability is measured by stock return for period t+1, and t+2. Earnings surprise benchmark is a moderating variable which interacts with all independent variables. The dummy variable is one when the net income is in the range of mean to standard deviation as a proxy of high earnings quality and zero when the net income is out of the mean to standard deviation with assumption that management do windows dressing and taking a bath. Data analysis is using linear regression.The analysis result shows that earnings surprise benchmark does not have significant impact on stock return predictability but have significant impact on earnings predictability. It shows that investor give enough attention to earnings with high quality. Keyword : earnings surprise benchmark, earnings predictability, stock return predictability, earnings per share, stock return
PRAKTEK TEORI AGENSI PADA ENTITAS PUBLIK DAN NON PUBLIK Arifah, Dista Amalia
PRESTASI Vol 9, No 01 (2012): Juni PRESTASI
Publisher : PRESTASI

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Abstract

Game theory is the beginning of agency theory, game theory tries to find form and predict conflict resolution between individuals who are rational, and it helps us understand how managers, investors and other parties affected can be rationally agreed with the economic consequences of financial reporting. Agency theory is a branch of game theory that studies the design of contracts to motivate a rational agent to act on behalf of principal when the agent’s interests would otherwise conflict with those of the principal. In Indonesia, entities are divided into two sectors: public sector entities and private sector entities, although they differ in the ownership of the company but they both have similar traits. Both entities are equally divided into two parties that have the greatest interest, called the agent and principals. Both parties are often involved in conflicts of interest (conflict of interest), giving rise to agency cost.Agency conflict that occurs often brought losses to many parties, not only the parties in conflict alone but, more broadly. Be a mechanism to resolve complex mechanism both internally and externally. Internal mechanism with the revamping of the entity itself with providing the motivation of managers and shareholders to behave in a manner that advance corporate objectives. While the external mechanism is by application of the rules of the Regulator, such as the obligation to implement the Corporate Governance in an entity.Keyword : teori agensi, agen, principal, entitas public, entitas swasta
Komitmen Organisasional, Tenaga Penjual, dan Tipe Kepemimpinan: Bagaimana Mengelola, Meningkatkan Komitmen dan Mempertahankan Tenaga Penjual Wardhana, Leo Indra
PRESTASI Vol 9, No 01 (2012): Juni PRESTASI
Publisher : PRESTASI

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Abstract

Sales people are different with the other non-sales employeers. They are more independent and self-reliant. In the other hand, the turnover rate of sales people are the highest among the other jobs in generla. This high degree of turnover rate makes companies suffer from sales loss due to some costs resulting from sales peolpe turnover. Nevertheless, Recruiting and retaining high performing experienced sales people are the most difficult tasks which is faced by sales and human resource managers today. Thus, many organizations need to reevaluate their policy in managing their sales people and need to understand the personality and motivation of their sales people. This paper first shows that the type of leadership, especially transformational and servant leadership is the most suitable leadership style for sales people which possibly lower the rate of turnover of sales people and maintain profitable relationship with customer. Second, the effect of ethical climate also important in sales people retention.
PENGARUH STRUKTUR KEPEMILIKAN, UKURAN PERUSAHAAN, DAN CORPORATE GOVERNANCE TERHADAP MANAJEMEN LABA Reviani, Dinni; Sudantoko, Djoko
PRESTASI Vol 9, No 01 (2012): Juni PRESTASI
Publisher : PRESTASI

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Abstract

This study aimstoexamine the effect ofownership structure, firm size, andcorporate governanceonearningsmanagement. Goodcorporate governanceis representedbyan independent commissioners’s composition, audit quality, and theauditcommittee.This research use library research methods and documentation.The data used are secondary data obtained from the site of BEI www.idx.co.id, BEI UNDIP Corner, and the Indonesian Capital Market Directory (ICMD) in the form of financial statements and annual reports from 2008-2010 in the manufacturing sector industrial companies which are listed on Indonesia Stock Exchange. The samples used were 24 companies in the manufacturing category in the period 2008-2010 through a purposive sampling method. The analysis method of this research using multiple regression.Based on the result of study concluced that the variable independent commissioners’s composition and the presence of audit committee have a negative and significant effect on earning management. These result indicated the significance value of the independen commissioner are 0.025, and the significance value of audit committee are 0.001. These result mean that the independent commissioners’s composition and the presence of audit committee being able to reduce earning management. While the ownership structure variables with significance value 0.769, the size of the company with significance value 0.241, and the quality audit with significance value 0.443 showed no significant effect on earning management.Keywords: Ownership structure, size of firms, Corporate Governance, independent commissioners audit committee, audit quality, earnings management
PENGARUH DEWAN KOMISARIS INDEPENDEN TERHADAP KUALITAS LABA DENGAN KONSENTRASI KEPEMILIKAN SEBAGAI VARIABEL PEMODERASI Farida, Dessy Noor
PRESTASI Vol 9, No 01 (2012): Juni PRESTASI
Publisher : PRESTASI

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Abstract

The Quality of earning is element that is often used by investors to take investment decisions. But the financial scandals that occurred, causing investors have crisis confidence in capital markets. Therefore, the necessary existence of a good corporate governance is very importance to create a financial statement that reflects the real condition of the company. The purpose of this study is to analyze the influence of independence board of commisioners on earnings quality which are moderated by the concentration of family ownership. Manufacturing firms listed in Indonesian Stock Exchange 2007-2009 is the object of this study. Based on purposive sampling technique, it gets 118 firms. Multiple regression analysis using SPSS program. The result of the hypothesis test indicates that independent board of commissioners have significantly positive effect on discretionary accruals. This study also found a concentration of family ownership has insignificantly moderates the effect on an independent board to discretionary accruals. Keywords: Discretionary Accruals, independent board of commisioners, family ownership
Pengaruh Pertumbuhan Ekonomi, DAU, DAK, PAD Terhadap Indeks Pembangunan Manusia dengan Pengalokasian Anggaran Belanja Modal Sebagai Variabel Intervening (Studi Empiris pada Pemerintah Kabupaten dan Kota se-Jawa Tengah) Setyowati, Lilis; Suparwati, Yohana Kus
PRESTASI Vol 9, No 01 (2012): Juni PRESTASI
Publisher : PRESTASI

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Abstract

The implementation of fiscal decentralization in addition to give authority to local goverments in the region also affects the ability of the local potentials to allocate revenues to fulfill the public interest, and enhance public welfare. The public welfare can be seen  from the increasing of Human Development Index of the region through the allocation of capital expenditures. This study aims to prove empirically that Economic Growth (represented by PDRB), the General  Allocation Fund (DAU), the Special Allocation Fund (DAK), Local Revenue (PAD) affect Human Development Index over the Allocation of Capital Expendicture Budget (PABM) which is represented by Capital Expenditure. The sampling method used in this study is purposive sampling, with total samples of 22 regencies and 3 cities from the population of 35 regencial governments  in Cetral Java during 2005-2009. The analysis used is multiple linear regression for the first step model and simple linear regression for the second step model. The result of statistical test from the first step model showed that Economic Growth negatively affect  PABM. While DAU, DAK, PAD positively affect to PABM. The result of statistical tests from the second step model showed the presumption of PABM positively influences on IPM. Based on path analysis showed that only the Economic Growth that has no effect on IPM through PABM, while DAU, DAK, and PAD affect IPM through PABM. Adjusted R square value obtained for each model of the research in the first step model of 53,5% and 3,1% for the second step model.Keywords :           Economic Growth, General Allocation Fund (DAU), Special Allocation Fund (DAK), Local Revenue (PAD), Capital Expenditures, and the Human Development Index (IPM). 
PENGARUH INDEPENDENSI KOMITE AUDIT DAN KEPEMILIKAN INSTITUSIONAL TERHADAP MANAJEMEN LABA Kusumaningtyas, Metta
PRESTASI Vol 9, No 01 (2012): Juni PRESTASI
Publisher : PRESTASI

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Abstract

The objective of this study is to analyze the influence of audit committee independence and institutional ownership on earnings management. Institutional ownership is measured by the number of proportion of shares held by institutional shareholders divided by the number of shares issued. Earnings management in this study were measured by using the value of discretionary accrual. The population in this study is manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2008-2009. Based on purposive sampling method, the number of samples in this study of 70 samples. Testing the hypothesis using multiple regression analysis. The results of hypothesis testing indicate that audit committee independence, had a significant negative effect on earnings management. Instead institutional ownership had not influence on earnings management.Keywords      :   earnings management, audit committee, insitutional ownership.

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