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"Tujuan penelitian ini adalah untuk menguji pengaruh manajemen laba dan penghindaran pajak terhadap persistensi laba dan akrual pada perusahaan yang memiliki large positive book temporary book-tax difference. Hasil penelitian menunjukkan bahwa perusahaan dengan large positive temporary book-tax difference, memiliki persistensi laba lebih rendah pada subsampel manajemen laba dibandingkan dengan subsampel BASE. Sampel penelitian terdiri dari 61 perusahaan-tahun pada industri manufaktur pada tahun 2007-2011.

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This research aims to examine influence of earnings management and tax avoidance toward earnings persistence and accrual persistence at company which have large positive temporary book-tax difference. The results is for the firmyears with large positive book-tax difference, the persistence of earnings is lower for the earnings management subsample than for the BASE subsample. Sample consist of 61 firm-years from manufacturing industry in the year 2007-2011."

"This reserach aim ti prove whether any difference in auditor ethical judgment to earnings management practise and examine six dimensions of eranings management which influence auditor ethical judgment....."

"Penelitian ini bertujuan untuk menguji perbedaan tingkat manajemen laba sebelum dan setelah IPO dan SEO, pengaruh manajemen laba pada tahun IPO dan SEO terhadap upcoming years return, pengaruh kepemilikan keluarga terhadap manajemen laba. Penelitian ini juga melihat peran moderasi dari efektivitas monitoring dalam tata kelola dalam hubungan manajemen laba serta kepemilikan keluarga terhadap upcoming years return pada perusahaan IPO dan SEO. Metode yang digunakan dalam menguji penelitian ini adalah uji beda menggunakan paired t-test dan regresi cross-sectional. Sampel penelitian ini merupakan perusahan industri non keuangan, real estate, property, dan hotel dari tahun 2005 sampai 2012 dengan jumlah 96 untuk perusahaan IPO dan 64 untuk perusahaan SEO. Hasil dalam penelitian ini menunjukkan bahwa perusahaan IPO dan SEO berperilaku oportunistik dalam manajemen laba akrual. Perusahaan IPO dan SEO diindikasikan melakukan shifting dari manajemen laba akrual menjadi riil setelah SEO. Hasil penelitian membuktikkan bahwa manajemen laba berpengaruh negatif terhadap upcoming years return, hasil berbeda dari perusahaan SEO yang tidak berpengaruh. Selain itu hasil penelitian menemukan bahwa kepemilikan keluarga memilih manajemen laba riil dan akrual pada perusahaan IPO dan manajemen laba riil pada perusahaan SEO. Hasil penelitian tidak berhasil menemukan pengaruh kepemilikan keluarga terhadap upcoming years return. Pada perusahaan IPO peran dewan komisaris berhasil memperlemah hubungan manajemen laba riil terhadap upcoming years return. SEO yang membuktikkan peran moderasi efektivitas komite audit dalam memperlemah hubungan manajemen laba riil terhadap upcoming years return dan efektivitas monitoring berhasil memperkuat hubungan kepemilikan keluarga terhadap upcoming years return.

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This study examines differences in the level of earnings management before and after the IPO and SEO, the effect of earnings management in the IPO and SEO to upcoming years return, the influence of family ownership on earnings management. The study also looked at the role of moderation in monitoring the effectiveness of governance in relation to earnings management and family ownership on upcoming years return on the company's IPO and the SEO.

The method used in this research is to test different test using paired t-test and crosssectional regression. The study sample was non financial industry, real estate, hotels and property firm from 2005 until 2012, there were 96 and 64 for the company's IPO and SEO firms.

The results of this study indicate that the company's IPO and SEO behave opportunistic accruals in earnings management. IPO and SEO Company indicated undertake shifting of accruals into real earnings management after the SEO. The results of the study prove that earnings management negatively affect the upcoming years return, the result is different from SEO companies that had no effect. In addition, the results of the study found that family ownership chose real earnings management and accruals on the company's IPO and real earnings management at SEO company.

The results of the study failed to find the effect of family ownership on the upcoming years return. At the company's successful IPO weaken the role of the board of commissioners of real earnings management relations upcoming years to return. SEO that prove the effectiveness of the audit committee's role in moderating the relationship weakens real earnings management to return upcoming years and successfully monitoring the effectiveness of strengthening ties to the upcoming years of family ownership return."

"ABSTRAKThe purpose of this study to determine the effect of earnings management on stock returns and know information asymmetry and debt covenant in moderating the effect of earnings management on stock returns. This research is a descriptive verification research that is causality. The unit of analysis in this study is a company that conducted an IPO in 2013-2016. The research data using sample data selected through purposive sampling technique and obtained by 46 companies doing IPO period 2013 until 2016. This research use technique of simple linier regression analysis and moderated regression analysis. Modified Jones Model is used to detect earnings management. Cummulative Abnormal Return (CAR) is used as a proxy of stock returns. Deb to Equity Ratio (DER) as a proxy for identifying debt covenant. The result of research with simple linear regression test showed that earnings management did not have an effect on stock return. The result of research by using moderated regression analysis test shows that information asymmetry can not moderate the influence of earnings management on stock return. Debt Covenant can moderate the effect of earnings management on stock returns."

"ABSTRAKTesis ini membahas efektifitas dan efisiensi kontrak lindung nilai forward danstrategi call-spread option dalam mengurangi fluktuasi laba/(rugi) bersihPerusahaan X sebagai akibat dari fluktuasi laba/(rugi) kurs porsi non-cash atasutang dan obligasi dalam USD. Efektifitas diukur dengan melakukanperbandingan standar deviasi laba/(rugi) kurs antara sebelum dan sesudah masukke dalam kontrak lindung nilai tersebut sedangkan efisiensi diukur dengan melihatbesar realisasi biaya atas kontrak-kontrak lindung nilai tersebut. Penelitiandilakukan untuk periode laporan per kuartal sejak awal tahun 2003 s/d. akhir2012. Valuasi kontrak forward menggunakan metode Net Present Value (NPV)sedangkan valuasi strategi call-spread option dilakukan dengan menggunakanmodel Geometric Brownian Motion dengan simulasi Monte Carlo. Dari penelitianini ditemukan bahwa kontrak forward secara historis terbukti mampu mengurangifluktuasi laba/(rugi) kurs namun trade-off dari hal ini adalah biaya lindung nilaiyang relatif lebih tinggi dibanding kontrak call-spread option. Di sisi lain, strategicall-spread option juga mampu mengurangi fluktuasi laba/(rugi) kurs walaupuntidak se-efektif kontrak forward. Terdapat trade-off antara mengurangi risikodengan biaya yang diperlukan untuk mengurangi risiko tersebut.

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ABSTRACTThis thesis explored the hedging contracts effectiveness and efficiency of forwardcontract and call-spread option strategy to reduce fluctuations in profit/(loss) ofCompany X as a result of fluctuations in profit/(loss) on exchange rate of noncashportion of the debt and bonds in USD. Effectiveness was measured bycomparing standard deviation of profit/(loss) on exchange rate before and afterapplying the hedging contract while efficiency was measured by level of actualhedging cost. The study was conducted for the quarterly reporting period sinceearly 2003 to end of 2012. Valuation of forward contracts was done by using theNet Present Value (NPV) while valuation of call-spread option strategy was doneby using Geometric Brownian Motion Model with Monte Carlo simulations. Fromthe study it was found that forward contracts have historically proven to reducefluctuations in profit/(loss) on exchange rate but with higher hedging cost relativeto call-spread option contracts. On the other hand, call-spread option strategy wasalso able to reduce fluctuations in profit/(loss) on foreign exchange forwardcontracts, although it was not as effective as forward contracts. There was tradeoffbetween reducing risk and the cost required to reduce the risk."