Tingkat Kepemilikan Manajerial dan Nilai Perusahaan: Bukti Empiris pada Perusahaan Publik di Indonesia

2006 ◽  
Vol 1 (2) ◽  
pp. 135
Author(s):  
Henry Henry ◽  
Hamin Hamin
Keyword(s):  
Panel Data ◽  
Firm Value ◽  
Fixed Effects ◽  
Firm Heterogeneity ◽  
The Other ◽  
Managerial Ownership ◽  
Fixed Effects Model ◽  
Low Level ◽  
Other Hand ◽  
High Level

Initial analyses using panel data for none intercept model show a positive and significant effect of low level of managerial ownership on firm value ond negative and significant effect of high level of managerial ownership on firm value. This conclusion is dffirent when unobserved firm heterogeneity controlled using firm fixed effects model. Thefixed effects analyses suggest that managerial ownership doesn't have significant effect on firm value. The 2SLS analyses show that both managerial ownership and firm value are jointly endogenous. Managerial ownership has positively impacts on firm value, on higher firm value, on the other hand, inspires larger managerial ownershipKeywords: Managerial Ownership, Firm Yalue, Tobin's Q

scholarly journals CORPORATE GOVERNANCE, PROFITABILITY, AND FIRM VALUE STUDY ON THE INDONESIAN SHARIA STOCK INDEX

2020 ◽  
Vol 6 (2) ◽  
pp. 292
Author(s):  
Sutrisno Sutrisno
Keyword(s):  
Corporate Governance ◽  
Panel Data ◽  
Board Of Directors ◽  
Firm Value ◽  
Fixed Effects ◽  
Total Sample ◽  
Stock Index ◽  
Managerial Ownership ◽  
Governance Mechanism ◽  
Fixed Effects Model

The purpose of this study is to examine the effect of corporate governance mechanisms and profitability on firm value. The corporate governance mechanism consists of a board of directors, a board of commissioners, managerial ownership, and institutional ownership. Firm value is measured by Tobin's Q, while profitability is measured by return on assets. The population in this study were companies listed on the Indonesian Sharia Stock Index with a total sample of 103 companies taken by purposive sampling method. The observation period is for five years from 2015 to 2019. To test the hypothesis, the author applies panel data regression analysis. In selecting the panel data model, after being tested, the best model is the fixed effect model. The results of the research based on the fixed effects model show that the board of commissioners has a significant but negative effect on firm value, while the board of directors and profitability and ownership of institutions have a significant and positive effect on firm value, but managerial ownership has no significant effect on firm value.

scholarly journals JSOX: A Justly Simple Objectization for XML

2014 ◽  
Author(s):  
Steven J. DeRose
Keyword(s):  
The Other ◽  
Low Level ◽  
Other Hand ◽  
High Level ◽  
Cross Language

XML can be as easy to work with as JSON. However, this has not been obvious until now. JSON is easy because it supports only datatypes that are already native to Javascript and uses the same syntax to access them (such as [1:10], ["x"], and “.” notation). XML, on the other hand, supports additional datatypes, and is most commonly handled via SAX or DOM, both of which are low-level and meant to be cross-language. Typical developers want high-level access that feels “native” in the language they are using. These shortcomings have little or nothing to do with XML, and can be remedied by a different API. Software that demonstrates this is presented and described. It uses Python's richer set of abstract datatypes (such as tuples and sets), and provides native Python style syntax with richer semantics than JSON or Javascript.

scholarly journals THE ROLE OF DUALITY MANAGERIAL OWNERSHIP AND BOARDS ON IPO VALUE (AN EMPIRICAL EVIDENCE OF INDONESIAN FIRMS)

2020 ◽  
Vol 5 (2) ◽  
pp. 162-179
Author(s):  
Maximus Leonardo Taolin ◽  
Julia Safitri
Keyword(s):  
Empirical Evidence ◽  
Initial Public Offerings ◽  
The Other ◽  
Managerial Ownership ◽  
Public Offerings ◽  
Managerial Role ◽  
Other Hand ◽  
High Level ◽  
The Impact

The research aims to find the impact of ownership retention, managerial ownership, and boards on value IPO premium and underpricing. We investigate by using hand collect data 202 IPO prospectuses during 2008-2017 and using Warp PLS 5.0 to compute the data. Our finding suggests that may use to guide the investor in making informed decisions to see the level of the proportion of sharehold by old ownership and management. When the high level of ownership retention and managerial ownership, make the value IPO premium and underpricing will be high. On the other hand duality of the managerial role in firms making the value will be achieved. This paper contributes to the value of IPO premium and underpricing literature when influence by ownership share on initial public offerings  context of emerging markets.Keywords: Ownership retention; Managerial Ownership; Boards; IPO premium; underpricing

scholarly journals Análisis antropométrico y de somatotipo en jugadores de pádel en función de su nivel de juego (Anthropometric and somatotype analysis between padel players according to their level of play)

Retos ◽  
2020 ◽  
pp. 285-290
Author(s):  
Diego Muñoz Marín ◽  
Víctor Toro Román ◽  
Francisco Javier Grijota Pérez ◽  
Javier Courel Ibañez ◽  
Alejandro Sánchez Pay ◽  
...  
Keyword(s):  
Body Composition ◽  
Muscle Mass ◽  
The Body ◽  
The Other ◽  
Low Level ◽  
First Category ◽  
Other Hand ◽  
Anthropometric Characteristics ◽  
Para Determinar ◽  
High Level

  El objetivo de este estudio fue analizar la composición corporal y el somatotipo en jugadores de pádel en función de la categoría de juego. La muestra incluyó a 40 jugadores masculinos de pádel distribuidos en 2 grupos: 20 jugadores de primera categoría (alto nivel, edad: 28.3 ± 8.3 años) y 20 de tercera categoría (bajo nivel, edad: 30.5 ± 7.5 años). Se tomaron medidas de peso, altura, pliegues, diámetros y perímetros para determinar la composición corporal y somatotipo. Los jugadores de bajo nivel (tercera categoría) mostraron un mayor IMC (23.8 ± 2.4 vs 25.7 ± 2.3 kg/m2) y mayores valores de pliegues abdominal y subescapular, en comparación con los de alto nivel (p <.05). Por el contrario, los jugadores de primera categoría presentaron mayor porcentaje muscular y menor porcentaje graso en comparación con los jugadores de tercera categoría, resultando en un somatotipo ectomorfo de los jugadores de alto nivel (p <.05). En conclusión, los jugadores de pádel presentan unas características antropométricas y de somatotipo diferentes según la categoría de juego, con una notable mejor composición corporal en los jugadores de mayor nivel.  Abstract. This study aimed to analyse the body composition and somatotype in padel players according to their playing category. The sample comprised 40 male padel players divided into two groups: 20 players of first category (high level, age: 28.3 ± 8.3 years) and 20 padel player of third category (low level, age: 30.5 ± 7.5 years). Weight, height, skin folds, diameters and perimeters were measured to determine the body composition and somatotype. Low level players showed higher BMI (23.8 ± 2.4 vs 25.7 ± 2.3 kg/m2) and higher abdominal and subscapular skin folds compared to high level players (p < .05). On the other hand, the first category players had higher muscle mass and lower fat percentages than third category players, resulting in an ectomorphic somatotype in high level players (p <.05). In conclusion, padel players present different anthropometric characteristics and somatotype regarding their level of play, with a notably better body composition in players from a higher level.

STUDI KRITIS JUAL BELI DEKORASI UANG MASKAWIN

Al-MAJAALIS ◽  
2018 ◽  
Vol 6 (1) ◽  
pp. 1-36
Author(s):  
Muhammad Arifin Badri
Keyword(s):  
The Other ◽  
Other Hand ◽  
Business Opportunities ◽  
The Law ◽  
The One ◽  
High Level

This study aims to examine the laws of dowry money decoration that are common in the community. The innovation and soul of art that is channeled through décor of dowry money is proven to produce beautiful and unique works, so as to attract the attention and interest of the wider community. However, because to produce beautiful and unique works, a high level of creativity is needed, so not everyone can do it. On the one hand, this phenomenon opens up quite good business opportunities, but on the other hand, it should be watched out, because in some conditions it contains the practice of buying and selling currencies with nominal differences. Through this study, I would like to uncover the law of buying and selling practices decorating dowry money and decorating services. As I also intend to present an applicative solution for the community so that they can still channel their artistic talents without violating Shari’ah law.

scholarly journals Evaluation of Resistance Development in Bemisia tabaci Genn. (Homoptera: Aleyrodidae) in Cotton against Different Insecticides

Insects ◽  
2021 ◽  
Vol 12 (11) ◽  
pp. 996
Author(s):  
Muhammad Zaryab Khalid ◽  
Sohail Ahmed ◽  
Ibrahim Al-ashkar ◽  
Ayman EL Sabagh ◽  
Liyun Liu ◽  
...  
Keyword(s):  
Bemisia Tabaci ◽  
The Other ◽  
Resistance Development ◽  
Susceptible Population ◽  
Low Level ◽  
Development Of Resistance ◽  
Major Pest ◽  
Selection For ◽  
High Level ◽  
Very High

Cotton is a major crop of Pakistan, and Bemisia tabaci (Homoptera: Aleyrodidae) is a major pest of cotton. Due to the unwise and indiscriminate use of insecticides, resistance develops more readily in the whitefly. The present study was conducted to evaluate the resistance development in the whitefly against the different insecticides that are still in use. For this purpose, the whitefly population was selected with five concentrations of each insecticide, for five generations. At G1, compared with the laboratory susceptible population, a very low level of resistance was observed against bifenthrin, cypermethrin, acetamiprid, imidacloprid, thiamethoxam, nitenpyram, chlorfenapyr, and buprofezin with a resistance ratio of 3-fold, 2-fold, 1-fold, 4-fold, 3-fold, 3-fold, 3-fold, and 3-fold, respectively. However, the selection for five generations increased the resistance to a very high level against buprofezin (127-fold), and to a high level against imidacloprid (86-fold) compared with the laboratory susceptible population. While, a moderate level of resistance was observed against cypermethrin (34-fold), thiamethoxam (34-fold), nitenpyram (30-fold), chlorfenapyr (29-fold), and acetamiprid (21-fold). On the other hand, the resistance was low against bifenthrin (18-fold) after selection for five generations. A very low level of resistance against the field population of B. tabaci, at G1, showed that these insecticides are still effective, and thus can be used under the field conditions for the management of B. tabaci. However, the proper rotation of insecticides among different groups can help to reduce the development of resistance against insecticides.

scholarly journals Origins of Banks and Credit Supply in Ivory Coast

2020 ◽  
Vol 12 (5) ◽  
pp. 81
Author(s):  
Prao Yao Seraphin
Keyword(s):  
Panel Data ◽  
Ivory Coast ◽  
Inflation Rate ◽  
Positive Impact ◽  
Negative Influence ◽  
The Other ◽  
Foreign Banks ◽  
Credit Supply ◽  
Other Hand ◽  
The Relationship

This paper provides an empirical assessment of the relationship between banking origins and the supply of credit in Ivory Coast. The analysis focuses on 14 banks composed of local banks, African banks and foreign banks outside Africa. The study covers the period from 2000 to 2016. Using the panel data approach, we show that local banks positively influence the supply of credit unlike foreign and African banks. Foreign banks, on the other hand, have a negative influence on the supply of credit in Ivory Coast. In addition, the results highlight the positive impact of growth and market share on the supply of credit to the private sector. On the other hand, the size of banks and the inflation rate are unfavourable to the supply of credit in Ivory Coast. The study suggests that local banks should be strengthened so that they can provide more financing to the Ivorian economy.

scholarly journals The Effect of Optimal Cash and Deviation from Target Cash on the Firm Value: Empirical Study in Indonesian Firms

2019 ◽  
Vol 10 (1) ◽  
pp. 1-13
Author(s):  
R Heru Kristanto HC ◽  
Mamduh M Hanafi ◽  
Wayan Nuka Lantara
Keyword(s):  
Corporate Governance ◽  
Empirical Study ◽  
Firm Value ◽  
Fixed Effects ◽  
Cash Holdings ◽  
Cash Holding ◽  
Fixed Effects Model ◽  
Publicly Traded ◽  
Dynamic Panel ◽  
Panel Fixed Effects

The aim of this paper is to examine the effect of cash, optimal cash holding, deviation from target cash (the target adjustment model) on the firm value. This research uses a sample of Indonesian publicly traded firms for the period 2001-2017 (3,349 observation). This paper uses a dynamic panel fixed effects model to estimate optimal cash holdings. Hypothesis testing uses GLS fixed effect and interaction effect uses regression moderated analysis. Research finds that: first, cash, optimal cash, and deviation from target cash have an effect on the firm value. Second, corporate governance moderates the effect of cash, optimal cash, and deviation from target cash on the firm value. Third, investment positively moderates the effect of cash on the firm value. Investment negatively moderates the effect of optimal cash, deviation from target cash on the firm value. Debt negatively moderates the effect of cash, optimal cash on the firm value. Debt positively moderates the effect of deviation from target cash on the firm value. 

Nutritional Requirement for 4-Aminobenzoate Caused by Mutation of Dihydropteroate Synthetase

1976 ◽  
Vol 31 (5-6) ◽  
pp. 285-287 ◽  
Author(s):  
Helmut Rappold ◽  
Adelbert Bacher
Keyword(s):  
Parent Strain ◽  
The Other ◽  
Synthetase Activity ◽  
Nutritional Requirement ◽  
Wild Type ◽  
Aerobacter Aerogenes ◽  
Low Level ◽  
Other Hand ◽  
High Concentrations

Abstract Aerobacter aerogenes mutant 62-1 AC requires high concentrations of 4-aminobenzoate for growth. The mutant accumulates N-glucosyl-4-aminobenzoate and has an intact 4-aminobenzoate synthetase (Bacher, Gilch, Rappold, and Lingens, Z. Naturforsch. 28c, 614 - 617 [1973]). On the other hand the ability of the mutant to synthesize dihydropteroate is markedly reduced. The dihydropteroate synthetase level of mutant 62-1 AC is 1% as compared to the parent strain. Spontaneous revertants of mutant 62-1 AC show wild type levels of dihydropteroate synthetase. We conclude that the requirement for 4-aminobenzoate in mutant 62-1 AC is due to poor utilization of 4-aminobenzoate as a consequence of the low level of dihydropteroate synthetase activity.

3. Italian Retrospect

1891 ◽  
Vol 37 (156) ◽  
pp. 179-183
Author(s):  
J. R. Gasquet
Keyword(s):  
Point Of View ◽  
The Other ◽  
Great Activity ◽  
Psychological Literature ◽  
Other Hand ◽  
High Level ◽  
Secondary Interest

The chief feature in the psychological literature of Italy since my last report has been the multiplication of periodicals devoted to it. Thus we have received copies of the following new journals:—“The Annali di Freniatria,” of Turin; “Il Manicomio,” of Nocera Inferiore; “Il Pisani,” of Palermo; and “L'Anomalo,” a “Gazzettino,” published at Naples. On the other hand, I regret to say that no copies have been sent since 1888 of Lombroso's always interesting, if sometimes paradoxical, “Archivio di Psichiatria ed Antropologia Criminale.”To some extent these periodicals may be considered as equivalent to our Asylum Reports; and they doubtless show the great activity and zeal with which our specialty is studied in Italy. But from another point of view they seem to me no unmixed advantage. Each periodical is starved by the scattering of so much ability, which was formerly concentrated in fewer journals; and the space left vacant has been, to a great extent; occupied by matters of local, temporary, or secondary interest. When allowance is made for this, Italian psychological literature will be found quite equal to the high level it has attained in former years.

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