Book-to-Market across Firm Size, Exchange, and Seasonality: Is There an Effect?

CFA Digest ◽  
1998 ◽  
Vol 28 (2) ◽  
pp. 7-8
Author(s):  
Frank T. Magiera
Keyword(s):  
Firm Size

Pengaruh Hubungan Politik Terhadap Manajemen Laba Pada Perusahaan Sektor Jasa Dengan Variabel Kontrol Ukuran Perusahaan Dan Kualitas Audit

2018 ◽  
Vol 16 (2) ◽  
pp. 30
Author(s):  
Dwikky Darmawan ◽  
Weny Putri
Keyword(s):  
Earnings Management ◽  
Firm Size ◽  
Significant Influence ◽  
Service Sector ◽  
Audit Quality ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Political Connection ◽  
Discretionary Accrual

The purpose of this study is to determine the effects of political connection toward the earnings management of service sector companies with control variables firm size and audit quality. Firm�s political connection measured by using dummy variable. Earnings management is proxied by discretionary accrual which is measured by using Modified Jones Model. The research data applied in this study are the secondary data which are taken from the annual reports of service sector companies that listed in Indonesian Stock Exchange of 2016-2017 periods. There are 330 observations fit as sample, which are taken by using purposive sampling method. Data are processed by applying the multiple linear regression test. The result show that the political connection had positive but not significant influence to earnings management. Firm size had negative but not significant influence to earnings management. Whereas the audit quality had a negative and significant influence to earnings management.

Risk management and firm size: a survey of Italian private companies

2015 ◽  
pp. 87-108 ◽  
Author(s):  
Elisabetta Mafrolla ◽  
Felice Matozza
Keyword(s):  
Risk Management ◽  
Firm Size ◽  
Private Companies

Freedom Indices and Capital Asset Pricing Model: Some Malaysian Evidence

2020 ◽  
Vol 1 (1) ◽  
pp. 1-21
Author(s):  
Ying Tay Lee ◽  
Devinaga Rasiah ◽  
Ming Ming Lai
Keyword(s):  
Human Rights ◽  
Asset Pricing ◽  
Stock Returns ◽  
Firm Size ◽  
Explanatory Power ◽  
Least Square ◽  
Press Freedom ◽  
Capital Asset Pricing ◽  
Capital Asset ◽  
Cross Sectional

Human rights and fundamental freedoms such as economic, political, and press freedoms vary widely from country to country. It creates opportunity and risk in investment decisions. Thus, this study is carried out to examine if the explanatory power of the model for capital asset pricing could be improved when these human rights movement indices are included in the model. The sample for this study comprises of 495 stocks listed in Bursa Malaysia, covering the sampling period from 2003 to 2013. The model applied in this study employed the pooled ordinary least square regression estimation. In addition, the robustness of the model is tested by using firm size as a controlled variable. The findings show that market beta as well as the economic and press freedom indices could explain the cross-sectional stock returns of the Malaysian stock market. By controlling the firm size, it adds marginally to the explanation of the extended CAP model which incorporated economic, political, and press freedom indices.

Does Diversity in The Boardroom Add Value to a Firm?

2018 ◽  
Vol 18 (5) ◽  
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Firm Size ◽  
Significant Influence ◽  
Negative Influence ◽  
Positive Influence ◽  
Future Research ◽  
Board Composition ◽  
Board Diversity

This study examines whether board diversity affects firm performance. We investigate this study using panel data of a sample of S&P 500 firms during a 12 year period. After controlling for industry, firm size, and other board composition variables, we find that all three board diversity variables of interest – gender, ethnicity, and age have a significant influence on firm performance. While ethnicity and age have a positive influence on firm performance, it was found that gender has a negative influence. Implications for future research are discussed.

Analysis of Factors Affecting Capital Structure in Food and Beverage Manufacturing Company

2018 ◽  
Vol 1 (2) ◽  
pp. 1-14
Author(s):  
Nur Hajja Aini ◽  
St Habibah
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Significant Influence ◽  
Fixed Effects ◽  
Random Effect Model ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Growth Opportunities ◽  
Food And Beverage ◽  
The Capital Structure

The purpose of this research to analyze the influence of firm size, liquidity, growth opportunities, tangibility asset, and business risk to the capital structure of listed food and beverage manufacturing companies in Indonesia and Vietnam Stock Exchange from 2010 to 2016. The result shows that the fixed effects model should be appropriate for this study as compared to the random effect model. Capital structure significantly differences between the two countries. Firm size has a positive but insignificant influence on the capital structure in Indonesia, whereas it has a positive and a significant influence on the capital structure in Vietnam. Liquidity has a negative and significant influence on the capital structure both in Indonesia and Vietnam. Growth opportunities have a negative but insignificant influence on the capital structure both in Indonesia and Vietnam. Asset tangibility has a positive but insignificant influence on the capital structure in Indonesia, but it has the negative but insignificant influence on the capital structure in Vietnam. Ultimately, the business risk has a negative and significant influence on the capital structure in Indonesia but has a positive and insignificant influence on the capital structure in Vietnam.

PENGARUH STRUKTUR KEPEMILIKAN BANK TERHADAP KINERJA UNIT USAHA SYARIAH PADA BANK DI INDONESIA

2018 ◽  
Vol 1 (2) ◽  
pp. 25-32
Author(s):  
Hafidzah Nurjannah ◽  
Yul Efnita ◽  
Eva Sundari
Keyword(s):  
Least Squares ◽  
Firm Size ◽  
Ordinary Least Squares

Penelitian ini bertujuan untuk menganalisa pengaruh secara signifikan baik partial maupun simultan pada variabel kepemilikan bank, simpanan (DPK), rasio pinjaman terhadap simpanan (LDR) dan rasio kecukupan modal (CAR), Non Performing Loan (NPL) dan ukuran perusahaan terhadap profitabilitas (ROA) pada bank yang memiliki Unit Usaha Syariah (UUS) baik itu pada Bank Pembangunan Daerah (BPD) maupun Bank Swasta. Populasi dan sampel terdiri dari 24 UUS milik Bank Pembangunan Daerah (BPD) dan Bank Swasta. Dari ke 24 bank tersebut, hanya 18 bank yang dipilih menjadi sampel. Bank-bank tersebut adalah 7 Bank Swasta dan 11 Bank Pembangunan Daerah. Periode penelitian ini adalah 2010-2014. Data diambil dari laporan tahunan bank. Penelitian ini menggunakan data panel dan pooled Ordinary Least Squares (OLS). Hasil penelitian menunjukkan UUS milik Bank Pembangunan Daerah lebih baik daripada Bank Swasta. Hal ini disebabkan beberapa faktor. Pertama, pinjaman hanya untuk pejabat pemerintah daerah di mana pembayaran pinjaman melalui pengurangan gaji, sehingga kemungkinan tidak dapat membayar pinjaman sangat rendah meskipun situasi ekonomi tidak stabil. Kedua, karena Bank Pembangunan Daerah menyediakan layanan hanya untuk lokal saja, sehingga memiliki pengetahuan khusus tentang daerah tersebut. Sehingga akan memungkinkan nasabah menilai penerapan pinjaman dan mengidentifikasi pinjaman yang memenuhi syarat. Ketiga, kinerja Bank Pembangunan Daerah yang diawasi oleh pemerintah daerah lebih intensif. Kata Kunci : Hedging, Laverage, Cash Ratio, Firm Size, Bank Syariah.

The Influence of Capital Structure, Growth, Company Size to Profitability and Company Value of Manufacture Firms Listed in Indonesia Stock Exchange

2019 ◽  
Vol 1 (3) ◽  
pp. 66-78
Author(s):  
Bernon Sampe Tondok ◽  
Cepi Pahlevi ◽  
Andi Aswan
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Positive Impact ◽  
Stock Exchange ◽  
Company Size ◽  
Manufacturing Companies ◽  
Descriptive Research ◽  
Company Value ◽  
Quantitative Descriptive ◽  
Company Growth

This study examines the effect of capital structure, company growth, company size on profitability and company value the cases of manufacturing companies listed on the Indonesia Stock Exchange. This research is quantitative descriptive research using path analysis. Classical assumption evaluations are conducted comprising of normality, linearity, autocorrelation, multicollinearity, and heteroscedasticity test. The sample is 33 manufacturing companies listed on the Indonesia Stock Exchange from period 2013 – 2017. The results of the study found that there was a positive impact of capital structure, company growth, firm size on profitability and value of manufacturing companies.

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