scholarly journals Pengaruh Umur CEO, Struktur Dewan Komisaris, Frekuensi Rapat Komite Audit, Konsentrasi Kepemilikan, dan Tenur Audit terhadap Volatilitas Idiosinkratik

2021 ◽  
Vol 19 (2) ◽  
pp. 114
Author(s):  
Yenny Kumalasari ◽  
Sansaloni Butar Butar
Keyword(s):  
Stock Prices ◽  
Sharp Increase ◽  
Audit Committee ◽  
Idiosyncratic Volatility ◽  
Negative Effects ◽  
Financial Reports ◽  
Public Firms ◽  
Positive Effects ◽  
Test Of Hypothesis ◽  
Ceo Age

Idiosyncratic volatility is a series of sharp increase or decreas in stock prices due to a company's fundamental. This study argues that transparent financial reports should reduce idiosyncratic volatility. Transparent financial reports are the function of CEO age, board of commissioner size, board of commissioner meetings frequency, Audit Committee meetings frequency, ownership concentration, and audit tenure. Therefore, this study examines the effect of these variables on idiosyncratic volatility. Samples were gathered from Indonesian public firms for the periode of 2014-2018. Using regression analysis for the test of hypothesis, results show that while board of commissioner meetings frequency and audit tenure have negative effects on idiosyncratic volatility, the size of the board of commissioners, concentration of ownership have positive effects on idiosyncratic volatility. On the contrary, CEO age and audit committee meetings frequency have no effects on idiosyncratic volatility.

scholarly journals On The Dynamic Relationship Between Exchange Rates And Industry Stock Prices: Some Empirical Evidence From Malaysia

2011 ◽  
Vol 21 (4) ◽  
Author(s):  
Hong Rim ◽  
Rosle Mohidin
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Stock Prices ◽  
Strong Relationship ◽  
Exchange Market ◽  
Negative Effects ◽  
Positive Effects ◽  
Dynamic Relationship ◽  
Exchange Rate Changes ◽  
Dynamic Relationships

This study examines the dynamic relationships between exchange rate and stock prices at the industry level in Malaysia during June 1996 - August 1998.  This study finds a strong relationship between the two series during the financial crisis (July 1997 - August 1998) and differing effects of exchange-rate changes on the performance of stock prices across different industries.  In addition, exchange-rate changes have negative effects on some industries (e.g., construction) but positive effects on other industries (e.g., property).  Thus, government needs to concentrate on stabilizing the exchange market first while financial managers need to carefully analyze the effects of changes in exchange rates on specific industries to better manage foreign-exchange exposures.

scholarly journals EFEK MODERASI DEWAN KOMISARIS ANTARA MANAJEMEN LABA RIIL, PROFITABILITAS, LIKUIDITAS DAN LEVERAGE TERHADAP PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY

2019 ◽  
Vol 14 (2) ◽  
pp. 147
Author(s):  
Mariana Ulfa Sofwan
Keyword(s):  
Stock Exchange ◽  
Control Variable ◽  
Negative Influence ◽  
Positive Influence ◽  
Earning Management ◽  
Negative Effects ◽  
Real Earning ◽  
Positive Effects ◽  
Test Of Hypothesis ◽  
Csr Disclosure

<p><em>The purpose of this research was to find out the effect of real earning management, profitability, liquidity and leverage with the board of commissoners as a moderating variable on CSR disclosure and size as a control variable.  This research uses multiple regression testing. The sample is a basic industrial and chemical manufacturing company listed on the Indonesia Stock Exchange by sampling 129 companies from 2015-2017. Sample determination was done by using purposive sampling method. The test of hypothesis using SPSS application. Based on the results of the analysis can be concluded that real earning management, profitability, and liquidity has positive effects on CSR disclosure, while leverage has negative effects on CSR disclosure. The board of comissoners was able to strenghten the positive influence of real earning management and liquidity on CSR disclosure and also able to weaken the negative influence of leverage on CSR disclosure. However, the board of comissoners was unable to strenghten the positive positive influence of profitability on CSR disclosure.</em></p>

Auditor Tenure and Stock Price Idiosyncratic Volatility: The Moderating Role of Industry Specialization

2015 ◽  
Vol 35 (2) ◽  
pp. 147-166 ◽  
Author(s):  
Lixin (Nancy) Su ◽  
Xuezhou (Rachel) Zhao ◽  
Gaoguang (Stephen) Zhou
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Idiosyncratic Volatility ◽  
Specific Information ◽  
Financial Reports ◽  
Industry Specialization ◽  
Auditor Tenure ◽  
Moderating Role

SUMMARY In this study, we examine how investors perceive the quality of financial reports audited by auditors with long tenure. We argue that auditor tenure is an important characteristic that influences the effectiveness of audits and thus affects the amount of firm-specific information that is included in stock prices by investors. Based on a sample of U.S. firms from 2003 to 2012, we show that longer tenure is associated with higher stock price idiosyncratic volatility. Further analyses reveal that this effect is only present for industry-specialist auditors, suggesting that the effect of tenure on idiosyncratic volatility is contingent on industry expertise. Our results have a number of implications for the financial markets and the accounting and auditing professions.

Undesirable Effects of Goal Setting on Perceived Fairness, Commitment, and Unethical Behavior

2018 ◽  
Vol 62 (2) ◽  
pp. 97-107 ◽  
Author(s):  
Nina Keith
Keyword(s):  
Goal Setting ◽  
Unethical Behavior ◽  
The United States ◽  
Goal Commitment ◽  
Management Technique ◽  
Long Term Effects ◽  
Perceived Fairness ◽  
Negative Effects ◽  
Positive Effects ◽  
And Performance

Abstract. The positive effects of goal setting on motivation and performance are among the most established findings of industrial–organizational psychology. Accordingly, goal setting is a common management technique. Lately, however, potential negative effects of goal-setting, for example, on unethical behavior, are increasingly being discussed. This research replicates and extends a laboratory experiment conducted in the United States. In one of three goal conditions (do-your-best goals, consistently high goals, increasingly high goals), 101 participants worked on a search task in five rounds. Half of them (transparency yes/no) were informed at the outset about goal development. We did not find the expected effects on unethical behavior but medium-to-large effects on subjective variables: Perceived fairness of goals and goal commitment were least favorable in the increasing-goal condition, particularly in later goal rounds. Results indicate that when designing goal-setting interventions, organizations may consider potential undesirable long-term effects.

Mobilizing for Some

2016 ◽  
Vol 28 (3) ◽  
pp. 123-135 ◽  
Author(s):  
Raffael Heiss ◽  
Jörg Matthes
Keyword(s):  
High School ◽  
Social Media ◽  
High School Students ◽  
Experimental Design ◽  
Collective Efficacy ◽  
Political Efficacy ◽  
Negative Effects ◽  
School Students ◽  
Positive Effects ◽  
Specific Factors

Abstract. This study investigated the effects of politicians’ nonparticipatory and participatory Facebook posts on young people’s political efficacy – a key determinant of political participation. We employed an experimental design, using a sample of N = 125 high school students (15–20 years). Participants either saw a Facebook profile with no posts (control condition), nonparticipatory posts, or participatory posts. While nonparticipatory posts did not affect participants’ political efficacy, participatory posts exerted distinct effects. For those high in trait evaluations of the politician presented in the stimulus material or low in political cynicism, we found significant positive effects on external and collective efficacy. By contrast, for those low in trait evaluations or high in cynicism, we found significant negative effects on external and collective efficacy. We did not find any effects on internal efficacy. The importance of content-specific factors and individual predispositions in assessing the influence of social media use on participation is discussed.

On the diversity of the effects of the state support for agriculture

2019 ◽  
pp. 59-73 ◽  
Author(s):  
Nikolai M. Svetlov ◽  
Renata G. Yanbykh ◽  
Dariya A. Loginova
Keyword(s):  
Agricultural Production ◽  
The State ◽  
Russian Regions ◽  
Negative Effects ◽  
State Support ◽  
Soft Budget Constraints ◽  
Institutional Conditions ◽  
Positive Effects ◽  
Production Factors ◽  
Corporate Farms

In this paper, we assess the effects of agricultural state support of corporate farms on their revenues from agricultural production sales in 14 Russian regions that differ in technology, environment and institutional conditions. In addition to the direct effect of the state support, the indirect effects via labor and capital are revealed. For this purpose, we identify production functions and statistical models of production factors for each of these regions separately. We find out diverse effects of the state support on revenues among the regions. Positive effects prevail. Negative effects are mainly caused by labor reductions that follow subsidy inflows. Another cause of negative effects is the soft budget constraints phenomenon.

MORPHOLOGICAL AND BIOCHEMICAL RESPOSES OF COW PEA (CV. PUSA BARSATI) GROWN ON FLY ASH AMENDED SOIL IN PRESENCE AND ABSENCE OF MELOIDOGYNE JAVANICA AND RHIZOBIUM LEGUMINOSARUM

1970 ◽  
Vol 17 ◽  
pp. 17-22 ◽  
Author(s):  
Kamal Singh ◽  
A. A. Khan ◽  
Iram Khan ◽  
Rose Rizvi ◽  
M. Saquib
Keyword(s):  
Fly Ash ◽  
Plant Growth ◽  
Rhizobium Leguminosarum ◽  
Growth Yield ◽  
Maximum Growth ◽  
Meloidogyne Javanica ◽  
Growth And Yield ◽  
Negative Effects ◽  
Positive Effects ◽  
Insignificant Difference

Plant growth, yield, pigment and protein content of cow-pea were increased significantly at lower levels (20 and 40%) of fly ash but reverse was true at higher levels (80 and 100%). Soil amended by 60% fly ash could cause suppression in growth and yield in respect to 40% fly ash treated cow-pea plants but former was found at par with control (fly ash untreated plants). Maximum growth occurred in plants grown in soil amended with 40% fly ash. Nitrogen content of cow-pea was suppressed progressively in increasing levels of fly ash. Moreover,  Rhizobium leguminosarum  influenced the growth and yield positively but Meloidogyne javanica caused opposite effects particularly at 20 and 40% fly ash levels. The positive effects of R. leguminosarum were marked by M. javanica at initial levels. However, at 80 and 100% fly ash levels, the positive and negative effects of R. leguminosarum and/or M. javanica did not appear as insignificant difference persist among such treatments.Key words:  Meloidogyne javanica; Rhizobium leguminosarum; Fly ash; Growth; YieldDOI: 10.3126/eco.v17i0.4098Ecoprint An International Journal of Ecology Vol. 17, 2010 Page: 17-22 Uploaded date: 28 December, 2010  

Interim Reporting Frequency and the Mispricing of Accruals

2018 ◽  
Vol 32 (3) ◽  
pp. 29-47
Author(s):  
Shou-Min Tsao ◽  
Hsueh-Tien Lu ◽  
Edmund C. Keung
Keyword(s):  
Financial Reporting ◽  
Stock Prices ◽  
Data Availability ◽  
Financial Reports ◽  
Regulatory Changes ◽  
Sample Composition ◽  
Reporting Frequency ◽  
Over Time ◽  
Jel Classifications ◽  
Accrual Mispricing

SYNOPSIS This study examines the association between mandatory financial reporting frequency and the accrual anomaly. Based on regulatory changes in reporting frequency requirements in Taiwan, we divide our sample period into three reporting regimes: a semiannual reporting regime from 1982 to 1985, a quarterly reporting regime from 1986 to 1987, and a monthly reporting regime (both quarterly financial reports and monthly revenue disclosure) from 1988 to 1993. We find that although both switches (from the semiannual reporting regime to the quarterly reporting regime and from the quarterly reporting regime to the monthly reporting regime) hasten the dissemination of the information contained in annual accruals into stock prices and reduce annual accrual mispricing, the switch to monthly reporting has a lesser effect. Our results are robust to controlling for risk factors, transaction costs, and potential changes in accrual, cash flow persistence, and sample composition over time. These results imply that more frequent reporting is one possible mechanism to reduce accrual mispricing. JEL Classifications: G14; L51; M41; M48. Data Availability: Data are available from sources identified in the paper.

Remedies in BRICS Countries

2018 ◽  
Author(s):  
Svetlana Avdasheva ◽  
Tatiana Radchenko
Keyword(s):  
South Africa ◽  
Division Of Labor ◽  
Market Performance ◽  
International Division ◽  
Negative Effects ◽  
Positive Effects ◽  
Managerial Decisions ◽  
Brics Countries ◽  
Target Company ◽  
Specific Position

Within the group of BRICS, China, Russia, and South Africa use conduct remedies more often than developed jurisdictions. Remedies are applied under merger approval or as an outcome of investigation of anticompetitive conducts. Effects of conduct remedies on companies’ decisions and market performance still need explanation. This chapter explains the use of conduct remedies, with special emphasis on Russia, by the specific position of BRICS in international division of labor, which allows the large companies, and first of all domestic ones, to discriminate customers in BRICS home markets, vis-à-vis international customers. Together with positive effects on domestic customers, competition economics predicts the possibility of negative effects of remedies on the managerial decisions within the target company. Under some circumstances, remedies may even weaken competition in the global product markets.

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