Institutional Ownership, Types of Industry, and Income Smoothing: Empirical Evidence from Indonesia

This paper aims to evaluate the influence of institutional ownership and types of industry on income smoothing in the Indonesian listed firms. Basing on the literature and using panel data approach, it examines 112 firms listed on the Indonesia Stock Exchange during 2012 to 2016 periods (i.e., 560 observations). By using OLS regression to test the hypotheses, the result shows that institutional ownership does not influence significantly on income smoothing practice. Moreover, types of industry do not influence on income smoothing practices, except for consumer goods industry which influences significantly on income smoothing practice. With regard to the company size as a control variable, the result shows that company size influences positively on income smoothing practice. Therefore, this study contributes in providing empirical evidence on the link between institutional ownership, types of industry, and income smoothing practice in emerging market context (i.e., Indonesia).

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Determinants of Company Value: Pre and Post Crisis Global 2015

Management Analysis Journal ◽

10.15294/maj.v10i1.40865 ◽

2021 ◽

Vol 10 (1) ◽

pp. 45-54

Author(s):

Okti Witasari ◽

Dwi Cahyaningdyah

Keyword(s):

Panel Data ◽

Capital Structure ◽

Stock Exchange ◽

Institutional Ownership ◽

Company Size ◽

Test Results ◽

Estimation Model ◽

Company Value ◽

Effect Model ◽

Negative Effect

The purpose of this research was to study the determinant of the value of companies pre-and post-crisis global 2015 about companies registered on the Indonesian Stock Exchange 2012 - 2018. The population of this research were companies registered on the Indonesian Stock Exchange 2012 - 2018. The number of samples were 906 datas consist of 151 companies. The research sample was taken using purposive sampling technique. The datas analysis in this research used descriptive statistical analysis, a test model with the best panel data regression estimation, and multiple analysis. The model test results showed that the best panel data estimation model was the fixed effect model, while the best post data crisis estimation model was the random effect model. The hypothesis test results showed that institutional ownership did not influence with pre- and post-crisis company values, capital structure has a significant positive effect on pre- and post-crisis company values, company size had a significant negative effect on pre-crisis company values, and company size did not influence post-company value crisis. The conclusions of this research were that no contradiction about institutional ownership and capital structure to the values of the company both pre and post crisis, while the size of the company was related to the values of the company, where the pre-crisis influenced significant negative effect and post-crisis did not influence.

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Determinan Praktik Perataan Laba

Jurnal Akuntansi Maranatha ◽

10.28932/jam.v12i2.2462 ◽

2020 ◽

Vol 12 (2) ◽

pp. 178-186

Author(s):

Barbara Gunawan ◽

Anggarapindo Hardjunanto

Keyword(s):

Firm Value ◽

Stock Exchange ◽

Institutional Ownership ◽

Income Smoothing ◽

Company Size ◽

Manufacturing Companies ◽

Financial Leverage ◽

Dividend Payout ◽

Negative Effect ◽

Positive Effect

The purpose of this study was to determine the factors that influence the practice of income smoothing in manufacturing companies listed on the Indonesia Stock Exchange in the 2014-2017 period.This research used a purposive sampling method to determine the sample according to the criteria needed in the research. Thus, it is got 34 company samples and can process 136 companies. The analyzer of this research used logistic regression.The results showed that the effect of profitability, company size, financial leverage, firm value on income smoothing practices has no effect, while dividend payout ratio variable proved to have a significant positive effect on income smoothing practices, and Institutional ownership variable proved to have a significant negative effect on income smoothing practices Keywords: Profitability, Company Size, Financial Leverage, Firm Value, Dividend Payout Ratio, and Institutional Ownership

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PENGARUH SOLVABILITAS, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP PERATAAN LABA

Jurnal Riset Keuangan Dan Akuntansi ◽

10.25134/jrka.v4i2.1693 ◽

2019 ◽

Vol 4 (2) ◽

Author(s):

Nur Fitri ◽

Eyo Asro Sasmita ◽

Amir Hamzah

Keyword(s):

Panel Data ◽

Agency Theory ◽

Significant Influence ◽

Conflict Of Interest ◽

Sampling Method ◽

Stock Exchange ◽

Income Smoothing ◽

Company Size ◽

Equity Ratio ◽

Test Result

This study aimed to know the influence of slovency, probability and size company of income smoothing in the sector industrial goods comsumption listed on the indonesian stock exchange. This research is based on theories such as Agency Theory which explains that the practice of income smoothing is influenced by the conflict of interest between the management (agent) and the owner (principal) that arises when each party seeks to achieve or maintain the desired level of prosperity. The sample in this study is determined by Purposive Sampling method based on the criteria of the consumer goods sector companies listed on the stock exchange indonesian and never delisted during the period 2014-2017, to obtained a sample of 26 company. This research used regression model of panel data. The result of this research concludes the result of f test jointly Solvabilitas, Profitability and Size have significant influence to Profit Income. And t test result (partial) Partially variable Solvability and Size Company have positive and significant effect to income smoothing. While Profitability variable has a negative and significant effect to income smoothing. The value of determination coefficient is 91,14% and it can be concluded that Debt to Equity Ratio, Profitability, and Size able to explain variable of Benefit of Earnings.Keywords: Income Smoothing, Solvency, Profitability and Company Size.

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Pengaruh Mekanisme Konflik Keagenan Terhadap Kinerja Perusahaan (Studi di Pasar Modal Indonesia Periode Tahun 2004-2010)

Akutansi Bisnis & Manajemen ( ABM ) ◽

10.35606/jabm.v24i2.144 ◽

2017 ◽

Vol 24 (2) ◽

pp. 83

Author(s):

Teguh Prasetyo

Keyword(s):

Service Sector ◽

Positive Impact ◽

Stock Exchange ◽

Control Variable ◽

Secondary Data ◽

Institutional Ownership ◽

Agency Cost ◽

Agency Conflict ◽

Pooled Data ◽

Independent Variable

This research aims to test of agency theory in Indonesian Stock Exchange as proxy variables within agency conflict mechanism for firm performance. It is used secondary data from Indonesian Capital Market Directory (ICMD) and OSIRIS include all industry manufacture, exclude insurance and finace service sector. It's appropriate sampling criteria's and listing in Indonesian Stock Exchange. Then, using pooled data with observation period 2004th round to 2010th. Variables used in this study is the first Asset Utility as agency cost as dependent variabel. The second variabels is dividen, leverage, institutional ownership as mechanism variables to agency conflict as independent variable. Then, the control variable used firm size. The method of analysis used in this study is multiple regression of pooled data analysis. The results of this study is a positive effect dividend to company's performace of the first. Then, the second is a positive impact leverage to company's performace. The last is a positive impact institutional ownership to company's performace. With the result that, mechanism varibles of agency conflict has been play function of binding and oversight of agency conflict.

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Volume Dynamics and Multimarket Trading

Journal of Financial and Quantitative Analysis ◽

10.1017/s0022109013000094 ◽

2013 ◽

Vol 48 (2) ◽

pp. 489-518 ◽

Cited By ~ 13

Author(s):

Michael Halling ◽

Pamela C. Moulton ◽

Marios Panayides

Keyword(s):

Empirical Evidence ◽

Insider Trading ◽

Institutional Ownership ◽

Large Set ◽

Order Flow ◽

Listed Firms ◽

Cross Listing ◽

Multiple Markets ◽

Multimarket Trading

AbstractThe trading of shares of the same firm in multiple markets has become common over the last 30 years, but there is little empirical evidence on the extent to which investors actively exploit multimarket environments. We introduce a volume-based measure of multimarket trading to address this question. Analyzing a large set of cross-listed firms, we find higher multimarket trading among markets with similar designs and strong enforcement of insider trading laws and for firms with higher institutional ownership. These findings are important for firms evaluating the benefits of cross listing and for markets competing for order flow.

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The Effect of Company Size on the Relationship between Corporate Governance and Corporate Performance in the Iraqi Stock Exchange

Studies of Applied Economics ◽

10.25115/eea.v39i11.5993 ◽

2021 ◽

Vol 39 (11) ◽

Author(s):

Ghazwan Al-Shiblawi ◽

Dalal Mahdi ◽

Mohammed Mahdi

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Significant Relationship ◽

Corporate Performance ◽

Stock Exchange ◽

Institutional Ownership ◽

Company Size ◽

Statistical Population ◽

The Board Of Directors ◽

The Relationship

The aim of the present study is to assess The Effect of Company Size on the Relationship between Corporate Governance and Corporate Performance in the Iraqi Stock Exchange. The statistical population under study is listed companies of Iraq Stock Exchange and the number of companies studied in Iraq is 35, from 2015-2019. The results concluded that there is a statistically significant relationship between the change (increase) of institutional ownership and the performance of the company, and this relationship is direct, as well as the relationship between the change (increase) of institutional ownership and the performance of the company. It can change under the influence of the company's size, and this relationship is negative, meaning the larger the company's size, the weaker the relationship. At the same time, the existence of a relationship between changing the composition of the members of the Board of Directors and the performance of the company was not supported, as well as between changing (increasing) the independence of the Board of Directors and the performance of the company, in addition to the relationship between changing the composition of the Board of Directors. The independence of the Board of Directors and the performance of the company is not affected by the change in the size of the company

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Pengaruh Ukuran Perusahaan, Kepemilikan Institusional, dan Konservatisme Akuntansi pada Tax Avoidance

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i02.p08 ◽

2020 ◽

Vol 30 (2) ◽

pp. 375

Author(s):

I Gusti Agung Istri Windaryani ◽

I Ketut Jati

Keyword(s):

Stock Exchange ◽

Research Result ◽

Tax Avoidance ◽

Sampling Technique ◽

Institutional Ownership ◽

Accounting Conservatism ◽

Company Size ◽

Regression Test ◽

Negative Effect ◽

A Company

This study aims to obtain empirical evidence regarding the effect of company size, institutional ownership, and accounting conservatism on tax avoidance in the Mining Sector Companies contained on the Stock Exchange in the 2015-2018. The sample was determined using the nonprobability sampling method with a purposive sampling technique, obtained by 11 companies with a year of observation for 4 years so as to obtain 44 observations. Data analysis techniques using the Multiple Linear Regression test with the SPSS program. The research result that the size of company and accounting conservatism give a negative effect on tax avoidance while institutional ownership has no effect on tax avoidance. This shows that the larger the size of a company and the more companies apply accounting conservatism, the lower the practice of tax avoidance. Keywords: Company Size; Ownership Institutional; Accounting Conservatism; Tax Avoidance.

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PENGARUH STUKTUR KEPEMILIKAN DAN DEWAN KOMISARIS INDEPENDEN TERHADAP NILAI PERUSAHAAN DENGAN MANAJEMEN LABA DAN KEBIJAKAN HUTANG SEBAGAI VARIABEL INTERVENING

Media Riset Akuntansi Auditing & Informasi ◽

10.25105/mraai.v8i1.740 ◽

2008 ◽

Vol 8 (1) ◽

pp. 1

Author(s):

Etty M. Nasser

Keyword(s):

Earnings Management ◽

Significant Influence ◽

Structural Equation ◽

Stock Exchange ◽

Control Variable ◽

Institutional Ownership ◽

Equation Model ◽

Financial Statement ◽

Manufacturing Companies ◽

Board Of Director

The objective of this research are to identi6 'the direct and indirect influences of corporate governancesbucture such as, board of independent commissioner, institutional ownershi :rand manajerial ownership to the fimes value and earnings management debt as intervening variable.This research examine 37 manufacturing companies fisted in Jakarta Stock Exchange and issues waled financial statement since 2002-2004. The statistical methods used to test the hypothesis is Structural Equation Model (SEM). The empirical result of this research indicates that manajerial ownership has a positif significant and board of commissionerhas a negative significant influences to earnings management whereas institutional ownership have no influence to earnings management. The following test indicates that board of commissioner and manajerial ownership and institutional ownership have no significant influence to the firm's value. The control variable, firm's size, has a positive significant influence to earnings management whereas leverage has a negative significant influence to the firm's value. The Last test indicates that earnings management and debt have influence to the firm's value, so it can be concluded that earnings management and debt is an intervening variable.Keywords: corporate governance, earnings management, debt, firm's value, board of director, manajerial ownership, institutional

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Faktor yang Mempengaruhi Tax Avoidance dengan Ukuran Perusahaan sebagai Variabel Kontrol

Jurnal Ilmiah Akuntansi Kesatuan ◽

10.37641/jiakes.v9i2.497 ◽

2021 ◽

Vol 9 (2) ◽

pp. 235-244

Author(s):

Desy Mariani ◽

Suryani Suryani

Keyword(s):

Sampling Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Control Variable ◽

Tax Avoidance ◽

Secondary Data ◽

Retail Trade ◽

Company Size ◽

Sales Growth ◽

The Government

For companies, taxes are costs that reduce profits. The company wants to pay the minimum tax so that the profit earned by the company does not decrease, while from the government side, tax collection is used to finance the implementation of state development. This difference also causes taxpayers to tend to avoid taxes to reduce their tax burden, so that state revenue from the tax sector is still not maximized. This study aims to determine the factors that affect tax avoidance with company size as a control variable. This study uses a sample of trading, service and investment companies in the wholesale and retail trade sub-sector listed on the Indonesia Stock Exchange for the period 2014-2018. The sampling method used in this study was purposive sampling method, where according to the established criteria, 22 companies were obtained and the data used were secondary data. The analysis technique used in this study is multiple linear regression analysis using the Statistical Product and Service Solutions (SPSS) v.20.0 program. The results show that Leverage, Sales Growth and Company Size have a positive effect on tax avoidance, while liquidity and fixed asset intensity have no effect on tax avoidance, thus company size can control Leverage and Sales Growth to influence tax avoidance.

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Influence analysis of ownership structure on manufacturing company's performance in Indonesia 2012 - 2013

The Accounting Journal of Binaniaga ◽

10.33062/ajb.v4i2.341 ◽

2019 ◽

Vol 4 (2) ◽

pp. 47

Author(s):

Darwin Marasi Purba ◽

Jhon Herlan Sianturi

Keyword(s):

Firm Performance ◽

Ownership Structure ◽

Stock Exchange ◽

Control Variable ◽

Institutional Ownership ◽

Foreign Ownership ◽

Manufacturing Companies ◽

Analysis Model ◽

Return On Assets ◽

A Company

The purpose of this study is to analyse the effect of ownership structure on profitability in the manufacturing sector listed in Indonesia Stock Exchange (BEI). Independent variables used for this study consist of institutional ownership, foreign ownership, and pubic ownership. Profitability is measured by ROA (Return On Assets). While leverage as firm size is used as the control variable. This research uses secondary data, namely the annual financial statements of listed manufacturing companies in Indonesia Stock Exchange for the years 2012, and 2013. The sampling method used was purposive sampling and data analysis model used was multiple regression analysis. Results from this study indicate that institutional ownership in a company has a positive and significant effect on firm performance. Meanwhile, the foreign ownership and public ownership has no a positive effect on firm perforrmance in a company. Keyword: Ownership structure, Return on assets (ROA), Firm performance.

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