Hasil Pencarian  ::  Simpan CSV :: Kembali

Abstrak :
Penelitian ini bertujuan untuk menganalisis pengaruh CEO Turnover terhadap praktik manajemen laba. Data yang dianalisis adalah data sekunder berbentuk time series dan cross section. Data diambil dari tahun 2000-2014, berupa Pergantian CEO, Corporate Governancce Proxies (Ownership Structure, KAP BIG 4, Board Independence, Big Top Business, Percentage ownership by foreign, dan block holder), Proksi Firm Performance ( Adjusted ROA dan Sales growth), serta Veriabel kontorl ( Debt to Asset Ratio dan Log Natural Total Asset). Yang berasal dari 124 perusahaan. Untuk menganalisis data digunakan pendekatan Heckman Two Stage Approach dengan tahapan menggunkana regresi yang berbeda, yakni regresi data panel, regresi probit dan OLS. Hasil penelitian ini menunjukan bahwa CEO turnover dan corporate governance berpengaruh positif dan signifikan terhadap manajemen laba. ......This study aims to analyze the effect of CEO Turnover on Earning Management. The data was analyzed using secondary data in the form time series and cross section. This data from 2000-2014 period with variables, CEO turnover, , Corporate Governancce Proxies (Ownership Structure, KAP BIG 4, Board Independence, Big Top Business, Percentage ownership by foreign, dan block holder), Firm Performance Proxies ( Adjusted ROA dan Sales growth), and control variables ( Debt to Asset Ratio dan Log Natural Total Asset). This data resource from 124 non-finance companies. To analyze the data use Heckman Two Satge Approach Method, which contains some steps with data panel regression, probit regression and ordinary least square. The result of this study indicate that both CEO turnover and corporate governance have significant and positif effect on earning management variable.

Abstrak :
ABSTRAK
We investigated the effect of changes in CEO position on subsequent firm performance by studying 91 CEO turnovers in Indonesia. Our results show that firm performance decreases during the turnover year. Moreover, the incoming CEO does not increase firm performance in subsequent years. Indeed, there is evidence that firm performance decreases after such turnovers. We ultimately conclude that CEO turnovers in Indonesia do not have a positive effect on firm performance. Going further, we divided CEO turnovers into routine and non-routine turnovers on the basis of the turnover process. Both routine and non-routine CEO turnovers show similar results with all samples, in which the incoming CEO in a routine or non-routine turnover does not have a positive effect upon firm performance. Further evidence suggests that the incoming CEO tends to upsize firm assets rather than downsize them.

Abstrak :
ABSTRAK
This research examines Chief Executive Officer (CEO) turnover and market reaction in Indonesia. The sample of this research consists of 213 CEO turnover announcements for Indonesia Stock Exchange during 2000?2010 period. T-tests were used to investigate the effect of CEO turnover announcement on abnormal stock return during the event windows periods. The results of this research show that there is positive reaction on the CEO turnover announcements. This research considers both routine and non routine CEO turnover processes. This research finds that both turnover processes have information content to investor. This research also finds positive reaction on the announcements of outsider incoming CEO, while investors do not react on the announcement of insider incoming CEO. Thus, this research provides evidence that CEO turnover announcement have information content.

Abstrak :
Penelitian ini bertujuan untuk menguji pengaruh kinerja CSR, efektivitas dan komposisi gender wanita dewan komisari terhadap pergantian CEO. Kinerja CSR diukur berdasarkan indeks Morgan Stanley Capital International MSI ESG dengan lima indikator penilaian. Efektivitas dewan komisaris diukur menggunakan modifikasi indikator yang disusun oleh Hermawan 2011 dengan empat indikator. Komposisi anggota wanita dewan komisaris diukur secara proporsional dengan membandingkan jumlah wanita dengan total jumlah dewan komisaris. Penelitian ini menggunakan sampel sebanyak 168 perusahaan yang terdaftar di Bursa Efek Indonesia selama tahun 2012-2016. Pengujian ini menggunakan regresi logistik untuk mengukur probabilitas terjadi pergantian CEO. Hasil penelitian menunjukkan bahwa kinerja CSR dan komposisi gender wanita dewan komisaris tidak memiliki pengaruh yang signifikan terhadap pergantian CEO. Sedangkan efektivitas dewan komisaris memiliki pengaruh yang signifikan terhadap pergantian CEO di Indonesia.

---

The purpose of this study aims to determine the effect of CSR performance, board of commissioner effectiveness and women on the board of commissioners towards the likehood of CEO turnover. Measurement of CSR performance based on Morgan Stanley Capital International MSCI ESG index contains with five indicators. The board of commissioners effectiveness is measured using modified indicators developed by Hermawan 2011 with four indicators. The composition of women on the board of commissioners is measured proportionally by comparing the number of women with the total number of boards of commissioners. This study used 168 sample of companies who are listed on the Indonesia Stock Exchange during 2012 2016. This test used logistic regression to measure the probability of changes the CEO. The results of this study show that CSR performance and gender composition of female board of commissioners have no significant effect on CEO turnover. While the effectiveness of the board of commissioners has a significant influence of CEO turnover in Indonesia.

Abstrak :

Penelitian ini bertujuan untuk menganalisis pengaruh kinerja perusahaan  yang diproksikan dengan return saham perusahaan, dan pertumbuhan asset perusahaan, dan kinerja industri yang diproksikan dengan return industri terhadap kemungkinan pergantian CEO pada perusahaan yang tercatat di Bursa Efek Indonesia. Penelitian ini mengambil periode tahun 2000-2014, dimana ditemukan 161 pergantian CEO dari 1.080 observasi. Dengan menggunakan analisis regresi logistik, didapatkan hasil bahwa kinerja perusahaan berpengaruh positif signifikan terhadap kemungkinan pergantian CEO. Sedangkan pada perusahaan finansial, kinerja perusahaan yang berada dibawah kinerja industri meningkatkan kemungkinan pergantian CEO. Selain itu ditemukan juga bahwa perusahaan dengan ukuran besar akan meningkatkan kemungkinan pergantian CEO. ......This study aimed to analyze the impact of firm performance, proxied by stock return, and asset growth, and peer performance proxied by industry return on CEO Turnover at listed companies in Indonesian Stock Exchange. This study took the period of 2000-2014, where there are 161 events of CEO Turnover from 1.080 observations. By using logistic regression analysis, this study found a positive and significant effect of firm performance on CEO turnover. However, on financial companies, it is found that underperforming firm will increase the risk of CEO turnover. In addition, this study also found that firm with larger size will increasing the risk of CEO turnover.