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"ABSTRACTPenelitian ini bertujuan untuk menganalisis pengaruh jumlah dewan komisaris, komisaris independen, dan kepemilikan institusional terhadap underpricing pada saat perusahaan melakukan Initial Public Offering (IPO). Sehubungan dengan proses IPO yang diselimuti ketidakpastian dan asimetri informasi, teori sinyal menyatakan bahwa jumlah dewan komisaris dan komisaris independen dapat digunakan untuk memberi sinyal suatu perusahaan yang sehingga tingkat underpricing dapat dikurangi, juga partisipasi investor institusional yang dapat mengurangi konflik keagenan antara manajemen dan pemegang saham. Penelitian ini menggunakan model regresi berganda dengan sampel sebanyak 100 observasi dari perusahaan yang melakukan IPO yang tercatat di Bursa Efek Indonesia selama periode 2001 hingga 2017. Hasil penelitian ini memberikan bukti empiris bahwa: (1) Jumlah dewan Komisaris berkorelasi negatif terhadap tingkat underpricing. (2) Komisaris independen memiliki pengaruh yang signifikan terhadap tingkat underpricing pada perusahaan yang melakukan penawaran saham perdana pada Bursa Efek Indonesia. (3) Kepemilikan institusional memiliki korelasi positif dan tidak berpengaruh terhadap tingkat underpricing.

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ABSTRACTThis study aims to analyze the influence of the number of boards of commissioners, independent commissioners, and institutional ownership of underpricing when the company conducts Initial Public Offering (IPO). In relation to the IPO process covered by the uncertainty and information asymmetry, signal theory states that the number of independent board of commissioners and commissioners can be used to signal a company so that the underpricing rate can be reduced, as well as the participation of institutional investors that can reduce agency conflicts between management and shareholders. This study uses multiple regression model with 100 samples of observations from companies that conduct IPOs listed on the Indonesia Stock Exchange during the period 2001 to 2017. The results of this study provide empirical evidence that: (1) The board size of commissioners have negatively correlation and have no effect on underpricing. (2) Independent commissioners have a significant influence on underpricing in companies that conduct initial public offering on the Indonesia Stock Exchange. (3) Institutional ownership has a positive correlation and does not affect on underpricing."

"[ABSTRAKPenelitian ini menguji pengaruh agresivitas pajak terhadap nilai perusahaan serta pengaruh komisaris independen dan kepemilikan institusional. Penelitian ini meggunakan perusahaan yang terdaftar di Bursa Efek Indonesia selama periode 2010-2013. Hasil penelitian menunjukkan terdapat pengaruh negatif agresivitas pajak terhadap nilai perusahaan. Komisaris independen tidak terbukti mempengaruhi hubungan negatif agresivitas pajak dengan nilai perusahaan. Sementara kepemilikan institusional terbukti memperlemah pengaruh negatif agresivitas pajak terhadap nilai perusahaan.

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ABSTRAKThis research discusses the effect of tax aggressiveness towards firm value and the effect of independent commissioner, and institutional ownership. This is research is using firms that are listed in Indonesia Stock Exchange from 2010-2013 period. This research shows that tax aggressiveness has a negative effect toward firm value. Independent non-executive director not proven to have relationship with tax aggressiveness and firm value. Meanwhile, institutional ownership is proven to weaken the negative effect of tax aggressiveness towards firm value. , This research discusses the effect of tax aggressiveness towards firm value and the effect of independent commissioner, and institutional ownership. This is research is using firms that are listed in Indonesia Stock Exchange from 2010-2013 period. This research shows that tax aggressiveness has a negative effect toward firm value. Independent non-executive director not proven to have relationship with tax aggressiveness and firm value. Meanwhile, institutional ownership is proven to weaken the negative effect of tax aggressiveness towards firm value. ]"

"ABSTRAKPenelitian ini bertujuan menguji pengaruh efektifitas dewan komisaris,kepemilikan institusional, dan kepemilikan keluarga terhadap kebijakan hutang.Sampel yang digunakan dalam penelitian ini adala..li 312 perusahaan nonkeuangan yang terdaftar di Bursa Efek Indonesia pada tahun 2011 dan 2012.Penelitian ini menemukan bahwa efektifitas dewan komisaris berpengaruh negatifterhadap penggunaan hutang. Hal ini menunjukkan adanya efek substitusi antaradewan komisaris dan penggunaan hutang sebagai mekanisme monitoring.Kepemilikan institusional terbukti berpengaruh negatif terhadap tingkat hutang,sedangkan kepemilikan keluarga memiliki hubungan positif dengan kebijakanhutang.

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ABSTRACTThe purpose of this study i:; to investigate the effectiveness of boardcommissioners, institutional ownership, and family ownership on the debt policy.TI1e sample used in this study are 312 non finance companies listed in IndonesiaStock Exchange for the year 2011 and 2012. This study found that theeffectiveness of board commissioners have negative effect on the debt leverage.Tiris study show there is substitution effect between board commissioners anddebt leverage as monitoring mechanism. Institutional ownership proved to havenegative effect on the debt leverage, while family ownership proved to havepositive effect with debt leverage."

"ABSTRAKPenelitian ini bertujuan untuk mengetahui efektivitas dewan komisaris dan komite audit, serta kepemilikan institusional terhadap efisiensi investasi perusahaan. Disamping itu, penelitian ini dimaksudkan untuk mengetahui pengaruh kepemilikan institusional atas hubungan antara efektivitas dewan komisaris dan komite audit dengan efisiensi investasi perusahaan. Efektivitas dewan komisaris dan komite audit dinilai melalui penetapan skor yang dinilai dari beberapa karakteristik yakni independensi, aktivitas, size, dan kompetensi. Pengujian hipotesis dilakukan dengan regresi logit menggunakan 282 sampel yang tercatat di Bursa Efek Indonesia pada tahun 2014. Hasil penelitian ini memberikan bukti empiris bahwa efektivitas dewan komisaris tidak memiliki pengaruh dalam efisiensi investasi perusahaan, sedangkan efektivitas komite audit memiliki pengaruh positif dalam efisiensi investasi perusahaan, lalu besarnya kepemilikan institusional tidak memiliki pengaruh dalam efisiensi investasi perusahaan. Selain itu dapat disimpulkan juga bahwa perusahaan yang dimiliki oleh investor institusional tidak memiliki pengaruh dalam memperkuat hubungan antara efektivitas dewan komisaris dan efisiensi investasi perusahaan serta investor institusional tidak memiliki pengaruh dalam memperkuat hubungan antara efektivitas komite audit dan efisiensi investasi perusahaan.

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ABSTRACT

This study aims to determine the effect of the effectiveness of the board of commissioners, audit committee and the institutional ownership on the company?s investment efficiency. Furthermore, this study aims to determine the effect of institutional ownership on the relation between the effectiveness of the audit committee and the effectiveness of the board of commissioners and company?s investment efficiency. Effectiveness of the board of directors and audit committee were assessed through scoring some of the characteristics which are independence, activities, size, and competencies. Hypothesis testing done by using a logit regression of 282 samples from companies that listed on the Indonesia Stock Exchange in 2014. The results of this study provide empirical evidence that the effectiveness of the boards of commissioners have no effect on the company?s investment efficiency, while the effectiveness of audit committee positively affect the company?s investment efficiency, and the size of institutional ownership has no effect on company?s investment efficiency. Moreover, the study also finds that the institutional ownership does not strenghthen board commissioners and audit committee?s effectiviness on investment efficiencies."

"ABSTRAKPenelitian ini dilakukan dengan tujuan untuk mengetahui pengaruh korupsi terhadap non-performing loan di negara berkembang dan maju. Selain itu, penelitian ini juga bertujuan untuk mengetahui pengaruh variabel kontrol (faktor makroekonomi, faktor spesifik perbankan, dan faktor kualitas institusional) terhadap non-performing loan di negara berkembang dan maju. Terdapat 28 negara berkembang dan 25 negara maju dengan observasi terhadap data historis yang terkait dengan variabel penelitian pada tahun 2013-2018. Jenis data yang digunakan dalam penelitian ini adalah balanced panel data. Dengan menggunakan metode Pooled Least Square, penelitian ini menunjukkan bahwa korupsi memiliki pengaruh positif terhadap non-performing loan pada beberapa kategori sampel. Hal ini mengindikasikan bahwa semakin tinggi tingkat korupsi, maka jumlah non-performing loan akan meningkat pada kategori sampel tersebut. Peningkatan jumlah non-performing loan mengindikasikan adanya penurunan kualitas portofolio kredit. Korupsi dapat mendistorsi loanable funds dari proyek normal ke proyek buruk, sehingga dapat meningkatkan jumlah non-performing loan. Hasil penelitian ini diharapkan dapat memberikan wawasan kepada peneliti selanjutnya, perbankan, regulator, lembaga antikorupsi, kepolisian, dan kejaksaan.

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ABSTRACT

This research aims to investigate the effect of corruption on non-performing loan at developing and developed countries. In addition, this research aims to investigate the effect of control variables (macroeconomic factor, bank-specific factor, and institutional quality factor) on non-performing loan at developing and developed countries. There are 28 developing countries and 25 developed countries with observations on historical data related to research variables in period 2013-2018. The type of data that used in this study is balanced panel data. Utilizing Pooled Least Square method, the findings show that corruption has a positive effect on non-performing loan in several sample categories. This indicates higher corruption level leads to higher amount of non-performing loan in that sample categories. The increase on non-performing loan amount indicates the deterioration of loan portfolio quality. Corruption can distort loanable funds from normal project to bad project, which leads to increasing amount of non-performing loan. The results of this study are expected to provide insight to further researchers, banks, regulators, anticorruption institutions, police, and prosecutors."

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Penelitian ini meneliti pengaruh faktor makroekonomi; yaitu perubahan GDP, perubahan real lending rate (BI rate), dan perubahan sovereign debt to GDP; dan pengaruh faktor spesifik bank, yaitu bad management, skimping, diversification opportunity, too big to fail, bad management II, procyclical credit policy, tight control terhadap perubahan NPL di Indonesia. Observasi dilakukan terhadap 105 bank umum yang diakui oleh BI di Indonesia selama kurun waktu 2003-2011 secara kuartal. Data yang digunakan merupakan data panel yang bersumber dari Datastream, Eikon, dan laporan keuangan perusahaan. Dengan menggunakan model estimasi First Difference Generalized Method of Moment (GMM), didapatkan hasil bahwa perubahan GDP, perubahan sovereign debt to GDP, skimping, diversification opportunity, bad management II, dan tight control (untuk ownership concentration lebih dari 25% hingga 50%) secara signifikan berpengaruh negatif terhadap perubahan NPL. Di sisi lain perubahan real lending rate (BI rate), too big to fail, dan tight control (untuk ownership concentration lebih dari 10% hingga 25% dan lebih dari 50%) secara signifikan berpengaruh positif terhadap perubahan NPL. Sedangkan bad management dan procyclical credit policy tidak secara signifikan berpengaruh terhadap perubahan NPL.

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ABSTRACT

This research examines the effect of macroeconomic factors, such as GDP growth, real lending rate (BI rate) growth, and change in sovereign debt to GDP; and the effect of bank-specific factors, such as bad management, skimping, diversification opportunity, too big to fail, bad management II, procyclical credit policy, tight control to the change of NPL in Indonesia. Observation is done to 105 bank in Indonesia within period of 2003-2011. By using panel data of macroeconomic and bank-specific factors from Datastream, Eikon, and financial report. By using First Difference Generalized Method of Moment (GMM) estimation model, research finds that GDP growth, change in sovereign debt to GDP, skimping, diversification, bad management II, dan tight control (for ownership concentration more than 25% until 50%) has negative effect on the change in NPL. In other side, real lending rate (BI rate) growth, too big to fail, and tight control (for ownership concentration more than 10% until 25% and more than 50%) has positive effect on the change in NPL. It also discovers that bad management and procyclical credit policy has no effect on the change in NPL., This research examines the effect of macroeconomic factors, such as GDP growth, real lending rate (BI rate) growth, and change in sovereign debt to GDP; and the effect of bank-specific factors, such as bad management, skimping, diversification opportunity, too big to fail, bad management II, procyclical credit policy, tight control to the change of NPL in Indonesia. Observation is done to 105 bank in Indonesia within period of 2003-2011. By using panel data of macroeconomic and bank-specific factors from Datastream, Eikon, and financial report. By using First Difference Generalized Method of Moment (GMM) estimation model, research finds that GDP growth, change in sovereign debt to

GDP, skimping, diversification, bad management II, dan tight control (for ownership concentration more than 25% until 50%) has negative effect on the change in NPL. In other side, real lending rate (BI rate) growth, too big to fail, and tight control (for ownership concentration more than 10% until 25% and more than 50%) has positive effect on the change in NPL. It also discovers that bad management and procyclical credit policy has no effect on the change in NPL.]"

"ABSTRAKPenelitian ini dilakukan dengan tujuan untuk mengetahui pengaruh non-performing loan dan turnover direksi serta variabel kontrol terhadap kinerja perbankan. Hipotesis dan model pada penelitian ini dibangun dan diujikan pada 43 bank di Indonesia yang terdaftar pada Bursa Efek Indonesia pada tahun 2010-2018. Jenis data yang digunakan adalah data unbalanced panel data dengan menggunakan metode regresi Fixed-Effect. Hasil penelitian ini menunjukkan bahwa non-performing loan dan turnover direksi secara paksa memiliki pengaruh secara negatif terhadap ROA. Hal ini mengindikasikan bahwa peningkatan non-performing loan bersamaan dengan turnover direksi secara paksa akan memberikan dampak buruk terhadap kinerja bank. Penemuan ini menyoroti bahwa nilai dan kompetensi kinerja direksi sangat penting serta memberikan bukti pentingnya menjaga keseimbangan antara tujuan keuangan dan non keuangan pada perbankan. Hasil penelitian ini diharapkan dapat memberikan wawasan dan referensi bagi akademisi, perbankan, regulator, dan pihak lain.

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ABSTRACT

This study aims to analyze the influence of non-performing loan and director turnovers with control variables on bank performance.The hypotheses and models in this study were built and tested on 43 banks in Indonesia which are listed on the Indonesia Stock Exchange in period 2010-2018. The type of data used is unbalanced panel data using the Fixed-Effect regression method. The results of this study indicate that non-performing loans and director turnovers by force have a negative influence on ROA. This indicates that the increase in non-performing loans together with the turnover of directors by force will have a negative impact on bank performance. This finding highlight that the directors' value and performance competency is very important and provides evidence of the importance of maintaining a balance between financial and non-financial goals for banks. The results of this study are expected to provide insights and references for academics, banks, regulators, and other parties."

"Skripsi ini bertujuan untuk mengetahui pengaruh rasio keuangan Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), Non Performing Loan (NPL), Giro Wajib Minimum (GWM), Efisiensi Operasional (BOPO) dan Ukuran Perusahaan terhadap kinerja bank yang diukur menggunakan Return On Asset (ROA). Penelitian dilakukan terhadap 96 bank umum di Indonesia selama periode 2006-2013 yang dikelompokan menjadi 4 katagori yaitu: 1. Semua bank dalam penelitian ini, 2. Bank yang sudah go public dan bank yang belum go public, 3. Bank yang sudah pernah melakukan merger dan akuisisi dan bank yang belum pernah melakukan merger dan akuisisi, 4. Bank devisa dan bank yang bukan termasuk bank devisa.

Metode penelitian menggunakan pengujian regresi data panel dengan variabel dependen CAR, LDR, NPL, GWM, BOPO dan Ukuran Perusahaan dan variabel independen ROA sebagai proksi kinerja bank. Tujuan penelitian ini untuk mengetahui apakah ada perbedaan tingkat signifikansi dari pengelompokan bank berdasarkan katagori tersebut.

Hasil penelitian ini menyimpulkan bahwa rasio keuangan BOPO dan Ukuran Perusahaan memiliki perngaruh yang signifikan terhadap ROA. Sedangkan CAR, LDR, NPL dan GWM tidak memiliki pengaruh terhadap ROA. Berdasarkan dari pengelompokan yang dilakukan, ternyata tidak ada perbedaan tingkat signifikansi rasio keuangan terhadap kinerja bank. Hasil penelitian ini menyarankan bahwa setiap bank harus menjaga atau meningkatkan kinerjanya walaupun bank tersebut sudah pernah melakukan merger atau akuisisi dan sudah masuk dalam katagori bank yang sudah go public atau bank devisa.

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This research aims to determine the impact of financial ratios Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), Non Performing Loan (NPL), Reserve Requirement/Giro Wajib Minimum (GWM), Operational Efficiency (BOPO) and company size on banks performance as measured by ROA. The study was conducted on 96 commercial banks in Indonesia during the period 2006 to 2013 were grouped into 4 categories, namely: 1. All the banks in the study, 2. Banks that have gone public and the banks that have not gone public, 3. Banks that have already been merged and acquisitions and bank who has never made mergers and acquisitions, 4. exchange bank and bank no including foreign.

Research methods using panel data regression testing with the dependent variable CAR, LDR, NPL, GWM, ROA and size of the Company and the independent variables ROA as a proxy for bank performance. The purpose of this study to determine whether there are differences in the level of significance of the grouping categories based bank.

The results of this study concluded that the financial ratios ROA and company size has a significant effect on ROA. While CAR, LDR, NPL and GWM has no effect on ROA. Based on the grouping is done, there was no difference in the level of significance to the performance of the bank's financial ratios. The results of this study suggest that each bank must maintain or improve its performance even though the bank had never done a merger or acquisition and has been included in the category of banks that have gone public or foreign banks."

"Penelitian ini bertujuan untuk mengetahui : hubungan komisaris independen, kepemilikan institusional, dan kepemilikan asing terhadap pengungkapan informasi lingkungan hidup dan menggunakan variabel kontrol yaitu total aset, profitabilitas dan leverage terhadappengungkapan informasi tentang lingkungan hidup. Sampel penelitian adalah 166 perusahaan yang terdaftar di BEI dari tahun 2009 sampai dengan 2011. Analisa regresi berganda digunakan untuk menguji hipotesis dalam penelitian ini. Penelitian iniHasil penelitian menunjukkan bahwa komisaris independen dan total aset berpengaruh terhadap pengungkapan lingkungan, namun kepemilikan institusional, kepemilikan asing, profitabilitas dan leverage tidak berpengaruh signifikan.

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The Objective of this study is to examine : The relationship between board independence, institutional ownership, foreign ownership on environmental disclosure and use control variable are total asset, profitability and leverage on environmental disclosure. The sample of this study consist of 166 company which listed in Indonesia Stock Exchange from 2009 to 2011. Multiple regression analysis is used to test the hypothesis in this research. The result of this study shows that board of independence and total asset has significant influence towards environmental disclosure, but institutional ownership, foreign ownership , profitability and leverage has no significant influence."