scholarly journals ANTECEDENTS AND CONSEQUENCES OF CARBON EMISSIONS’ DISCLOSURE: CASE STUDY OF OIL, GAS AND COAL COMPANIES IN NON-ANNEX 1 MEMBER COUNTRIES

2018 ◽  
Vol 33 (2) ◽  
pp. 99 ◽  
Author(s):  
Dody Hapsoro ◽  
Ambarwati Ambarwati
Keyword(s):  
Carbon Emissions ◽  
Trading Volume ◽  
Price Volatility ◽  
Economic Consequences ◽  
Share Price ◽  
Test Results ◽  
Analysis Method ◽  
Oil Gas ◽  
Bid Ask Spreads ◽  
Positive Effect

The purpose of this study is to determine the characteristics of companies that voluntarily disclose carbon emissions and to examine the economic consequences of the carbon emissions’ disclosure. Companies used in the sample are oil, gas and coal companies in non-Annex 1 member countries registered in the Osiris database. The observation period was from the commencement of the Kyoto Protocol's second commitment to date, or from 2013 to 2016. Measuring the carbon emissions’ disclosure is achieved by using a checklist developed from an information request sheet from the CDP (Carbon Disclosure Project). An assessment of the extent of the disclosure is made using the content analysis method. Company characteristics are proxied with leverage, profitability and firm age, while the economic consequences are proxied by using bid-ask spreads, the trading volume and share price volatility. The data analysis method used in this research is the Partial Least Square (PLS) method using the WarpPLS 4.0 application. Test results show that leverage, profitability and firm age have a positive effect on the carbon emissions’ disclosure. Furthermore, the test results show that carbon emissions’ disclosures have a positive effect on the trading volume and a negative effect on the bid-ask spreads and share price volatility. The above findings imply that firms with higher leverage, higher profitability and are older are more willing to reveal their carbon emissions’ disclosures. The more information that is contained in a carbon emissions’ disclosure, the more investors are interested in trading that company's shares, while the broader the carbon emissions’ disclosure is, the smaller the bid-ask spread and the less volatile the stock price are.

scholarly journals THE EFFECT OF COMPANY CHARACTERISTICS TOWARDS CARBON EMISSION DISCLOSURE AND ITS IMPACT ON ECONOMIC CONSEQUENCES IN NON-FINANCIAL REGISTERED COMPANIES IN INDONESIA, MALAYSIA, THAILAND AND THE PHILIPPINES PERIOD FOR 2008-2017

2021 ◽  
Vol 3 (1) ◽  
pp. 16-37
Author(s):  
Gatot Nazir Ahmad ◽  
Roh Ajiasri ◽  
Ari Warokka
Keyword(s):  
Carbon Emissions ◽  
Stock Price ◽  
Trading Volume ◽  
Price Volatility ◽  
The Philippines ◽  
Economic Consequences ◽  
Stock Price Volatility ◽  
Bid Ask Spread ◽  
The Impact ◽  
Positive Effect

This research was conducted to know the company's characteristics, the determining factors for the disclosure of carbon emissions, and the impact of the disclosure of carbon emissions on economic consequences. The financial result in this study is the decision-making behavior of businesses, governments, and creditors as a result of accounting reporting, in this case, environmental disclosures contained in annual reports and sustainable reports. This study's sample amounted to 45 companies registered in Indonesia, Malaysia, Thailand, and the Philippines, with an observation period of 2008 to 2017. To measure the disclosure of carbon emissions by creating a checklist based on information from the CDP. Company characteristics are proxied by profitability, leverage, size, and sales growth, while economic consequences are proxied by the bid-ask spread, trading volume, and stock price volatility. The analytical method used in this study is the Partial Least Square (PLS) method using the WARP PLS version 5.0 application. From the test results, it was found that Profitability and Size had a positive effect on disclosure of carbon emissions, growth sales had a negative effect, and leverage had no effect. Meanwhile, the impact of disclosing carbon emissions on the bid-ask spread, trading volume, and stock price volatility has a positive effect.

scholarly journals The effect of profitability and liquidity on CSR disclosure and its implication to economic consequences

2019 ◽  
Vol 9 (2) ◽  
pp. 143
Author(s):  
Dody Hapsoro ◽  
Ratna Dwi Sulistyarini
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Price ◽  
Trading Volume ◽  
Price Volatility ◽  
Economic Consequences ◽  
Negative Effect ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Positive Effect

This study examines the effect of profitability and liquidity on CSR disclosure and its implication on economic consequences. This study was driven by the inconsistency of the results of previous studies in testing the factors that influence the CSR disclosure. This study used the CSR disclosure to measure Corporate Social Responsibility disclosure index (CSRDI) based on the index of the Global Reporting Initiatives G4 Guideline (GRI G4). The results show that profitability has a significant and positive effect on CSR disclosure, while liquidity does not affect CSR disclosure. Furthermore, CSR disclosure has a negative effect on the bid-ask spread, CSR disclosure has a positive effect on trading volume, while CSR disclosure doesn't affect stock price volatility. This study impklies as the following;: companies that have high profitability should have strong commitment to disclose corporate social responsibility because it can help reduce information asymmetry.

scholarly journals ANALISIS PENGARUH PROMOSI YANG TERINTEGRASI DAN KEUNGGULAN POSITIONING TERHADAP KEPUTUSAN PEMBELIAN SABUN MANDI LUX DI KOTA AMBON

Jurnal Soso-Q ◽  
2020 ◽  
Vol 8 (1) ◽  
Author(s):  
Anggrainy Chaniago ◽  
Merry M. Pelupessy ◽  
Sarifuddin Sarifuddin ◽  
Yulianty S. Ginting
Keyword(s):  
Coefficient Of Determination ◽  
Test Results ◽  
Significant Positive Effect ◽  
Analysis Method ◽  
Purchasing Decisions ◽  
Independent Variables ◽  
Independent Variable ◽  
The City ◽  
Positive Effect

The bath soap market is constantly changing and competition is getting tougher with the emergence of bath soaps that have a clearer positioning, such as beauty soap, whitening soap, family soap to health soap. Increasing lifestyles of people in Indonesia and changing habits where bathing is no longer just using soap, but by adding fragrance and comfort when wearing it. The higher purchasing power of consumers for a product encourages companies to further improve the quality of their products. The purpose of this study is to analyze the effect of Integrated Promotion and Positioning Excellence on Purchasing Decisions in Lux Bath Soap. The population in this study are consumers in the city of Ambon who use Lux bath soap. The sample in this studywere 100 people who bought lux bath soap taken by purposive sampling. The data collection is done by using a questionnaire. The data analysis method used is SPSS version 16.The results of multiple regression analysis namely Y = 0.501 X1 + 0.218 X2 The most influential independent variable on the dependent variable is the integrated Promotion variable (0.501), followed by the Positioning Excellence variable (0.218). T test results show that all independent variables, namely (integrated promotion and positioning superiority) have a significant positive effect on the dependent variable (purchasing decisions) where all independent variables obtain a t value greater than t table with a sig level of less than 0.05. And the coefficient of determination (R Square) obtained by 0.309 this means that 30.9% of purchasing decisions can be explained by integrated promotion variables and positioning excellence, while the remaining 69.1% is influenced by other variables not examined in this study. Keywords: Integrated Promotion, Positioning Excellence, Purchasing Decisions

scholarly journals FAKTOR YANG MEMPENGARUHI VOLATILITAS HARGA SAHAM PADA EMITEN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX

2021 ◽  
Vol 8 (6) ◽  
pp. 706
Author(s):  
Nurul Hidayati ◽  
Puji Sucia Sukmaningrum
Keyword(s):  
Stock Price ◽  
Trading Volume ◽  
Dividend Policy ◽  
Price Volatility ◽  
Share Price ◽  
Company Size ◽  
Stock Price Volatility ◽  
Dividend Payout ◽  
Earnings Volatility ◽  
Panel Data Regression

ABSTRAKTujuan dari penelitian ini yaitu meneliti pengaruh kebijakan dividen, volume perdagangan, volatilitas laba, ukuran perusahaan dan tingkat hutang terhadap volatilitas harga saham di emiten yang terdaftar di JII dari tahun 2015 sampai 2019. Adapun manfaat dari penelitian ini dalam eksistensi pasar finansial secara global karena dapat mengukur tingkat risiko. Penelitian ini dibantu dengan alat analisis Eviews 10. Regresi data panel dipilih dalam penelitian ini. Hasil penelitian membuktikan bahwa secara individual dividend payout ratio, volume perdagangan dan volatilitas laba secara positif memiliki pengaruh yang signifikan, ukuran perusahaan secara negatif memiliki pengaruh signifikan, dan tingkat hutang tidak memiliki pengaruh signifikan terhadap volatilitas harga saham. Secara simultan, variabel dividend payout ratio, volume perdagangan, ukuran perusahaan, volatilitas laba, dan tingkat hutang signifikan berpengaruh terhadap volatilitas harga saham. Kata Kunci: Volatilitas harga saham, emiten syariah, regresi data panel. ABSTRACTThe purpose of this study is to examine the effect of dividend policy, trading volume, earnings volatility, company size and level of debt on stock price volatility in issuers listed in JII from 2015 to 2019. The benefits of this research are in the existence of global financial markets because it can measure the level of risk. This research is assisted by the analysis tool Eviews 10. Panel data regression. selected in this study. The results showed that partially the dividend payout ratio, trading volume and earnings volatility had a positive and significant effect, company size had a negative and significant effect, and the level of debt had no significant effect on stock price volatility. Simultaneously, the variable dividend payout ratio, trading volume, company size, earnings volatility, and level of debt have a significant effect on stock price volatility. Keywords: Stock price volatility, sharia company, panel data regression. DAFTAR PUSTAKABawono, A., & Shina, A. F. I. (2018). Ekonometrika terapan untuk ekonomi dan bisnis Islam aplikasi dengan Eviews. Salatiga: Lembaga Penelitian dan Pengabdian kepada Masyarakat (LP2M) IAIN Salatiga Press.Brigham, E. F., & Houston, J. F. (2011). Dasar-dasar manajemen keuangan, buku kedua. Jakarta: Salemba Empat.Camilleri, S. J., Grima, L., & Grima, S. (2019). The effect of dividend policy on share price volatility: an analysis of Mediterranean banks’ stocks. Managerial Finance, 45(2), 348–364. https://doi.org/10.1108/MF-11-2017-0451Dewi, S., & Paramita, R. A. S. (2019). Pengaruh kebijakan dividen, volume perdagangan, earning volatility, leverage, dan firm size terhadap volatilitas harga saham perusahaan LQ45. Jurnal Ilmu Manajemen, 7(3), 761–771.Fakhruddin, H. M. (2008). Istilah pasar modal A-Z. Jakarta: Elex Media Komputindo.Gumanti, T. A. (2013). Kebijakan Dividen (Pertama). UPP STIM YKPN.Jahfer, A., & Mulafara, A. H. (2016). Dividend policy and share price volatility: Evidence from Colombo stock market. Internaltional Journal Managerial and Financial Accounting, 8(2), 97–108. DOI:10.1504/IJMFA.2016.077947Jannah, R., & Haridhi, M. (2016). Pengaruh kebijakan dividen, earning volatility, dan leverage terhadap volatilitas harga saham pada perusahaan non-financing yang terdaftar di bursa efek Indonesia tahun 2010-2014. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi, 1(1), 133–148.Mehmood, A., Ullah, M. H., & Ul Sabeeh, N. (2019). Determinants of stock price volatility: Evidence from cement industry. Accounting, 5(4), 145–152. https://doi.org/10.5267/j.ac.2019.2.002Muhamad. (2016). Manajemen keuangan syari’ah analisis fiqh & keuangan. Yogyakarta: UPP STIM YKPN.Novius, A. (2017). Analisis pengaruh kebijakan deviden ( Dividen payout ratio dan devidend yield) terhadap volatilitas harga saham (Studi empiris pada perusahaan kelompok LQ45 yang terdaftar di BEI). Jurnal Al-Iqtishad, 13(1), 67. https://doi.org/10.24014/jiq.v13i1.4389Rowena, J., & Hendra. (2017). Earnings volatility, kebijakan dividen, dan pertumbuhan asset berpengaruh terhadap volatilitas harga saham pada perusahaan manufaktur di BEI periode 2013 – 2015. Jurnal Administrasi Kantor, 5(2), 231–242.Sarmanu. (2017). Dasar metodologi penelitian. Surabaya: Airlangga University Press.Septyadi, M. A., & Bwarleling, T. H. (2020). Pengaruh volume perdagangan saham, leverage, dan kebijakan dividen terhadap volatilitas harga saham, 2, 149–162.Shah, S. A., & Noreen, U. (2016). Stock price volatility and role of dividend policy: Empirical evidence from Pakistan. International Journal of Economics and Financial Issues, 6(2), 461–472.Spence. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010Tandelilin, E. (2010). Manajemen portofolio dan investasi. Surabaya: Kanisius.Yulinda, E., Pujiastuti, T., & Haryono, S. (2020). Analisis pengaruh dividend payout ratio, leverage, firm size, volume perdagangan, earning volatility, dan inflasi terhadap volatilitas harga saham pada perusahaan yang terdaftar dalam indeks LQ45 tahun 2014-2017. Jurnal Ilmiah Indonesia Ilmiah Indonesia, 5(5), 76. DOI:10.36418/syntax-literate.v5i5.1106Zainudin, R., Mahdzan, N. S., & Yet, C. H. (2018). Dividend policy and stock price volatility of industrial products firms in Malaysia. International Journal of Emerging Markets, 13(1), 203–217. https://doi.org/10.1108/IJoEM-09-2016-0250

scholarly journals PENGARUH NILAI TUKAR, INFLASI, VOLUME PERDAGANGAN, DAN DIVIDEND PAYOUT RATIO TERHADAP SHARE PRICE VOLATILITY PADA PERUSAHAAN YANG TERDAFTAR DALAM INDEKS KOMPAS100 TAHUN 2014 – 2018

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Mastura Mastura
Keyword(s):  
Exchange Rate ◽  
Data Analysis ◽  
Trading Volume ◽  
Random Effect ◽  
Random Effect Model ◽  
Price Volatility ◽  
Sampling Technique ◽  
Share Price ◽  
Dividend Payout ◽  
Effect Model

This research aims to analyze partial and simultaneous influence between exchange rate, inflation, trading volume, and dividend payout ratio to share price volatility in Kompas100 index. This research uses 23 companies listed in Kompas100 index as a research sample during the period of 2014 to 2018, where sampling uses purposive sampling technique. In order to analyze, and test each research hypotheses, the technique used is panel data regression using the random effect model. The results of data analysis show that partially, the excgange rate, inflation, and trading volume have a positive and significant effect to share price volatility while the dividend payout ratio has a negative and significant effect to share price volatility. the results of data analysis show simultaneously, the exchange rate, inflation, trading volume, and dividend payout ratio have significant influence to share price volatility. The amount of testing the coefficient of determinastion (adjusted R square) is 0.416174, indicating that dependen variable which is share price volatility can be explained by independent variables those are exchange rate, inflation, trading volume, and dividend payout ratio was 41.6%, while 58.4% can be explained by the other variables outside the models     

Do Companies With Effective Internal Controls Over Financial Reporting Benefit From Sarbanes–Oxley Sections 302 and 404?

2016 ◽  
Vol 33 (2) ◽  
pp. 200-227 ◽  
Author(s):  
Parveen P. Gupta ◽  
Heibatollah Sami ◽  
Haiyan Zhou
Keyword(s):  
Information Asymmetry ◽  
Financial Reporting ◽  
Capital Markets ◽  
Internal Control ◽  
Trading Volume ◽  
Price Volatility ◽  
Sarbanes Oxley ◽  
Section 302 ◽  
The Impact ◽  
Bid Ask Spreads

Post-SOX (Sarbanes–Oxley Act) academic research on internal control focuses on the characteristics of publicly listed companies disclosing material control weaknesses or the consequences experienced by these companies. However, to date, limited research has empirically examined whether these new disclosures truly enhance “public interest” by promoting “equity” in the capital markets through enhanced information distribution. In this article, we empirically investigate the impact these disclosures have on information asymmetry and related market micro-structure. We hypothesize that both the management’s and the auditor’s reporting on internal control provide outside investors additional and higher quality information about a firm’s future prospects, thereby reducing the information asymmetry in capital markets. Such reduction in information asymmetry should be reflected in decreased bid-ask spreads and price volatility, as well as increased trading volume. Our cross-sectional analyses show that, subsequent to the management’s report on internal control per Section 302, the information environment improves for U.S. firms as manifested by decreased bid-ask spread and price volatility, and increased trading volume. However, we find no similar results subsequent to the auditors’ reporting on a company’s internal control over financial reporting. In our time-series intervention analyses, about 70% of sample firms have experienced significant and permanent reductions in their bid-ask spreads subsequent to the implementation of Section 302 of SOX, in contrast to only 30% of firms subsequent to the implementation of Section 404 of SOX. Our findings point to the public policy issue of whether financial reporting quality of public companies can be improved at a lower cost.

scholarly journals Pengaruh Jumlah Uang Beredar terhadap Inflasi dan BI Rate serta Dampaknya terhadap Indeks LQ45 di Bursa Efek Indonesia (BEI) Periode 2010 – 2014

2018 ◽  
Vol 8 (1) ◽  
pp. 27
Author(s):  
Fathorrahman Fathorrahman ◽  
Imam Suaydi
Keyword(s):  
Money Supply ◽  
Capital Market ◽  
Stock Exchange ◽  
Capital City ◽  
Stock Index ◽  
Test Results ◽  
Analysis Method ◽  
Supply Effect ◽  
Positive Effect ◽  
The Capital Market

The capital market is an important instrument in the economy of a country, because the capital market also reflects the state of the country's economy. Capital market in Indonesia is the Indonesia Stock Exchange (IDX) based in the capital city, Jakarta. In the Indonesian stock exchange there are different classifications of stock indices, but the stock index movements are frequently used reference is LQ45. Many factors affect the movement of shares in the Indonesia Stock Exchange (IDX) especially LQ45, among others, the money supply, inflation and the BI Rate. On the other hand, the money supply also has an influence on inflation and BI Rate. The purpose of this study was to determine how the effect of the money supply directly against inflation and BI Rate, and how it impacts indirectly against LQ45 through inflation and BI Rate in Indonesia during the period 2010-2014. In this study, the population used is LQ45 and sample research is LQ45 period 2010-2014. Data analysis method used in this research is the analysis of the path (path analysis). In this study the data Inflation, BI Rate in the data each month during the study period of 2010 to 2014 on the website of Bank Indonesia (BI) (www.bi.go.id) and the data amount of money every month during the study period of 2010 to 2014 in Central Bureau of Statistics. The test results show the effect of which has been carried out during the study period (2010 - 2014) that the first structure money supply shows the influence of the (positive) is significant, in both structure money supply showed a positive effect (not significant), And the third structure shows that the money supply effect (positive) significant to LQ45, money supply no effect on inflation, money supply shows effect results (not significant) of the BI Rate. And for intervening results show that the variable inflation and BI rate can not be used as an intervening variable in the study

scholarly journals DETERMINE OF STOCK PRICE VOLATILITY ON MINING COMPANIES ON THE INDONESIA STOCK EXCHANGE

2021 ◽  
Vol 1 (2) ◽  
pp. 213-224
Author(s):  
Nurhasanah Nurhasanah ◽  
Husaini Husaini ◽  
Arliansyah Arliansyah ◽  
Johanda Syahputra
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Stock Price ◽  
Trading Volume ◽  
Stock Exchange ◽  
Price Volatility ◽  
Analysis Method ◽  
Stock Price Volatility ◽  
Share Prices ◽  
Mining Companies

The purpose of this study was to determine the effect of dividend policy, earning volatility, trading volume, exchange rates and interest rates on the volatility of stock prices in mining companies on the Indonesia Stock Exchange. The population studied in this study were all mining companies which were mining companies for the 2016-2019 period totaling 51. The sampling technique inthis study used a positive sampling method. The samples in this study were as many as 14 mining companies with the 2016-2019 observation year. The data analysis method used in this study is thepanel data regression analysis method. Dividend policy has a positive but insignificant effect on stock price volatility in mining companies on the Indonesia Stock Exchange. Profit volatility has a positive but insignificant effect on the volatility of share prices in mining companies on the Indonesia Stock Exchange. Trading volume has a positive and significant effect on the volatility of share prices in mining companies on the Indonesia Stock Exchange. Exchange rates have a positive and significant effect on stock price volatility in mining companies on the Indonesia Stock Exchange. Interest rates have a positive and significant effect on the volatility of share prices in mining companies on the Indonesia Stock Exchange.

scholarly journals Research on Agility Development of Energy Enterprises under the Background of Carbon Emission Trading

2020 ◽  
Vol 194 ◽  
pp. 01010
Author(s):  
Erdong Zhao ◽  
Jianmin Chen ◽  
Chuxiang Chen ◽  
Mingsong Chen
Keyword(s):  
Greenhouse Gas ◽  
Corporate Culture ◽  
Carbon Emissions ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Emission Trading ◽  
Analysis Method ◽  
Carbon Emission Trading ◽  
Specific Degree ◽  
Positive Effect

In recent years, environmental problems caused by greenhouse gas emissions have attracted more and more attention. Under increasing cost pressure, energy enterprises have become one of the targets to control carbon emissions. Taking China Guodian Corporation as an example, it is of great significance to study the agility development of China’s energy enterprises under the carbon emission trading system.This paper uses content coding analysis method to explore the influencing factors of agility of energy-based enterprises in China and the specific degree of influence. Through research, it is found that corporate culture, leadership awareness and internal competition have a positive effect on the agility of energy-based enterprises. This study develops the relevant theories of energy-based enterprises from the perspective of agility and finds a key breakthrough for energy-based enterprises to cope with the pressure of carbon emission reduction and optimize their operations.

scholarly journals Indah Mawarni& Syilvia Desi Septiana, PENGARUH KOMUNIKASI ORGANISASI DAN MOTIVASI KERJA TERHADAP KINERJAKARYAWAN PADA PT.BANK BUKOPIN, Tbk. CABANG PALEMBANG

2019 ◽  
Vol 1 (2) ◽  
pp. 24
Author(s):  
Indah Mawarni ◽  
Syilvia Dewi Septiana
Keyword(s):  
Organizational Communication ◽  
Analytical Method ◽  
Work Motivation ◽  
Employee Performance ◽  
Sampling Techniques ◽  
Test Results ◽  
Analysis Method ◽  
Permanent Employee ◽  
Service Period ◽  
Positive Effect

            This study aims to determinethe effect of organizational communication on the performance of employees, the effect of work motivation on the performance of employees and the influence of organizational communication, and work motivation on the performance of employees of PT. Bank Bukopin, Tbk. Palembang Branch both partially and simultaneously.The sample used in this study was a permanent employee of PT. Bank Bukopin, Tbk. Palembang Branch, which has a minimum service period of 2 years and has offices in Palembang Main Branch as many as 30 respondents. The technique used in taking this sample is to use one of the non probability sampling techniques, namely purposive sampling. The analytical method used is descriPT.ive analysis method using path analysis with the SPSS for Windows version 23.The test results of the hypothesis indicate that the variables: (1) organizational communication has a positive effect on employee performance. (2) Work Motivation of Organizational Communication and Work Motivation means that work motivation has a positive and significant effect on employee performance. (3) Organizational Communication and Work Motivation have a positive effect on Employee Performance at PT.Bank Bukopin, Tbk. Palembang Branch. Organizational communication and work motivation together have an effect on employee performance.

Sign in / Sign up

Export Citation Format

Share Document