scholarly journals ANALISIS PENERAPAN EMPLOYEE STOCK OWNERSHIP PLAN (ESOP) TERHADAP KINERJA KEUANGAN & PERFORMANCE SAHAM (Studi Kasus Terhadap Emiten Yang Melakukan Penerapan ESOP di Bursa Efek Indonesia Tahun 2007)

2019 ◽  
Author(s):  
Kiki Andreas ◽  
Aan Soelehan
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Performance Data ◽  
Stock Ownership ◽  
Sales Growth ◽  
Stock Trading ◽  
Stock Performance ◽  
Employee Stock Ownership ◽  
Corporate Action ◽  
One Year

ESOP (Employee Stock Ownership Program) is a corporate action that share ownership program in which companies give or sell their shares to employees with a limited number. Expected from the actions of this corporation ESOP can increase loyalty, productivity and management will result in improved performance of the Issuer or Public Company, which will ultimately improve the performance of Indonesia's capital marketThe research data was taken from the six companies that make corporate action ESOP in 2007. Financial performance data derived from financial statements of each company for one year before the corporate action and take two years after the ESOP implementation. Stock performance data taken from the company's financial statements, and also the volume of stock trading company for one year prior to application of the ESOP and the ESOP two years after implementation.Analysis method was used to answer the research problem is the identification of quantitative descriptive analysis. The analysis was conducted to describe the condition of financial performance and stock performance of companies and compared to a year before and two years after implementation of the ESOP. Conditions described by liquidity, financial performance, profitability, and sales growth, and performance shares to be described by Price Earning Ratio, Earning Per Share and Stock Trading Volume.The results showed that applying ESOP company has the financial performance and good stock performance during the year prior to application of the ESOP, the ESOP from the application of the six companies have the impact of increased financial performance during the year of ESOP adoption, particularly sales growth are up significantly, and for liquidity , the profitability of the various fluctuations in 2008, and in 2009 a decline in all aspects of one of the global financial crisis. For the analysis of stock performance does not seem that the market reaction is increasing due to the implementation of the ESOP, it is seen from the graph of stock trading volume in each company.

scholarly journals Analysis of The Influence of Employee Stock Ownership Program (ESOP) Application of Company Financial Performance

2020 ◽  
Vol 20 (2) ◽  
pp. 616
Author(s):  
Fitri Handayani ◽  
Yurniwati Yurniwati
Keyword(s):  
Financial Performance ◽  
Sampling Method ◽  
Stock Ownership ◽  
Purposive Sampling ◽  
Employee Stock Ownership

This study aims to examine the effect of implementing the Employee Stock Ownership Program (ESOP) on the company's financial performance. and differences in the company's financial performance when issuing ESOPs and not issuing ESOPs. The implementation of ESOP is proxied by the proportion of ESOP and the price of execution, the company's financial performance is proxied by ROE, NPM, and OPM. The research was conducted on companies listed on the IDX and have adopted the ESOP in 2012 to 2016. The sampling method uses purposive sampling. To test the effect of applying ESOP on performance. The results of this study indicate that the number of ESOP Provisions given has no effect on ROE, NPM, and OPM. ESOP execution prices affect the value of ROE and NPM but do not affect the value of OPM. There is no difference in the value of ROE, NPM, and OPM when the company issues ESOP and does not issue ESOP.

scholarly journals ANALISIS DAMPAK PENERAPAN ESOP (EMPLOYEE STOCK OWNERSHIP PROGRAM) TERHADAP KINERJA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2017 ◽  
Vol 13 (2) ◽  
Author(s):  
Lilis Susilawaty ◽  
Dewi Dewi
Keyword(s):  
Sampling Method ◽  
Conflicts Of Interest ◽  
Profit Margin ◽  
Rank Test ◽  
Stock Ownership ◽  
Sales Growth ◽  
Return On Assets ◽  
Employee Stock Ownership ◽  
Net Profit ◽  
Before And After

<p>This study aims to determine whether the implementation of the ESOP share program (employee stock ownership program) can be an alternative strategy to minimize conflicts of interest that occur between shareholders and management because these differences in interests can affect the performance of the company. Sampling method used is purposive sampling method. Data analysis technique using Test Signal (Wilcoxon Signed Rank Test) which previously been done Test of Normality using Kolmogorov-Smirnov Test.The results showed that there are differences in sales growth before and after the implementation of ESOP (employee stock ownership program). While there is no difference in return on assets and net profit margin before and after the implementation of ESOP (employee stock ownership program).<br />Keywords:employee stock ownership program, return on assets, net profit margin, sales growth</p>

scholarly journals Institutional ownership and social and sustainability reporting in green companies

2015 ◽  
Vol 13 (1) ◽  
pp. 1052-1062
Author(s):  
Yusuf Mohammed Nulla
Keyword(s):  
Financial Performance ◽  
Stock Price ◽  
Research Study ◽  
Positive Impact ◽  
Social Performance ◽  
Institutional Ownership ◽  
Employee Participation ◽  
Stock Ownership ◽  
Employee Stock Ownership ◽  
The Social

This research study explores the social and financial performance and sustainability costs on institutional ownership companies. The quantitative research method is used for this research study. The sample comprised of top forty US environmental companies from 2012 to 2014. The research question for this study is, what relationship is there between the corporate governance, corporate social and environmental performance, employee participation, and market and financial performance? This research finds that there is a positive correlation among all the variables except for the sustainability costs. The social performance has a significant correlation with the institutional ownership than sustainability costs. The social performance had a positive impact on stock price than sustainability costs. The increased strategy of the CSR practices didn’t motivate employee participation in the company’s ownership structure, a negative correlation. Institutional ownership had a very weak positive effect on the employee stock ownership. Employee stock ownership had a strong correlation with the stock price. The quality and frequency of the CSR reporting varies from company to company; hence, the investors, stakeholders, and shareholders had to depend on the management goodwill.

Kmart: Predicting Bankruptcy, Fresh Start Reporting, and Valuation of Distressed Securities

2011 ◽  
Vol 26 (2) ◽  
pp. 391-419 ◽  
Author(s):  
Reuven Lehavy ◽  
Suneel Udpa
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Fresh Start ◽  
Reorganization Plan ◽  
One Year

ABSTRACT On January 22, 2002, Kmart Corporation filed voluntary petitions for reorganization under Chapter 11 of the federal bankruptcy laws. While under Chapter 11 protection, Kmart renegotiated its debt, shed some of its non-performing assets, and issued new equity. Financier Eddie Lampert of ESL Investments bought much of Kmart's debt for less than $1 billion while it was in bankruptcy. As part of the reorganization plan, virtually all of Kmart's debt was converted into shares, and ESL Investments emerged as Kmart's largest shareholder. Subsequent to its emergence from bankruptcy on May 6, 2003, Kmart's stock has gone up from around $15/share to nearly $80/share over a period of one year. The case requires students to analyze Kmart's financial performance prior to the bankruptcy, identify the circumstances leading to the bankruptcy, use projected financial statements to derive Kmart's value post-bankruptcy, and explore issues related to Kmart's adoption of Fresh Start reporting upon its emergence from bankruptcy. The case questions fall into five categories: (1) pre-bankruptcy evaluation, (2) reorganization plan and Kmart in bankruptcy, (3) Fresh Start reporting, (4) bankruptcy valuation analysis, and (5) post-bankruptcy performance. The questions are largely independent, allowing instructors the flexibility to adopt only the sections relevant to their courses.

scholarly journals Analisis Laporan Keuangan Berdasarkan Rasio Likuiditas Pada PT. Bank Perkreditan Rakyat Batang Kapas

2021 ◽  
Author(s):  
Ilvi Cintia ◽  
Doni Marlius
Keyword(s):  
Financial Performance ◽  
Quantitative Method ◽  
Secondary Data ◽  
Financial Statements ◽  
Performance Data ◽  
Short Term

This study was conducted to determine the level of profitability in PT. BPR Batang Kapas which includes Cash Ratio (CR), Quick Ratio (QR) and Loan to Deposit Ratio (LDR). This research is quantitative, where this quantitative method analyzes the calculation of the liquidity ratio at PT. BPR Batang Kapas. This study uses the financial statements of PT. BPR Batang Kapas for the 2017-2019 financial year. The type of data used is secondary data in the form of company financial performance data which includes data on Chas Ratio (CR), Quick Ratio (QR) and Loan to Deposit Ratio (LDR). Where the Cash Ratio (CR) of PT. BPR Batang Kapasin 2017-2019 is in a healthy position, namely at &gt;=4,05% position. For Quick Ratio (QR) PT. BPR Batang Kapas in 2017-2019 are in a healthy position or it can be said that the bank is able to bear its short-term burden with criteria &gt;100%. While for Loan to Deposit Ratio (LDR) PT. BPR Batang Kapas 2017 and 2018 the bank is said to be healthy, because it is in a 75% &lt; LDR ≤ 85%, but in 2019 it shows that the bank is said to be quite healthy, because it is in the 85% &lt; LDR ≤ 100% position.

ANALISIS LAPORAN KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PT. ASTRA AGRO LESTARI Tbk

2019 ◽  
Vol 5 (2) ◽  
pp. 75-88
Author(s):  
M. Shobihin ◽  
Sayekti Suindyah Dwiningwarni ◽  
Supriadi Supriadi
Keyword(s):  
Financial Performance ◽  
Good Condition ◽  
Balance Sheet ◽  
Financial Statements ◽  
Ratio Analysis ◽  
Business Decisions ◽  
Financial Ratio ◽  
Financial Ratio Analysis ◽  
Income Statement ◽  
Quantitative Descriptive

The financial statements serve as a benchmark in assessing the financial performance of the company as the basis for making business decisions. The motivation in conducting this research is to support previous research to see the development condition of one of the oil palm plantation companies. The purpose of this study is to assess the financial performance by using financial ratio analysis and horizontal analysis. The method used in this research is Quantitative Descriptive with analysis design using Term series Analysis. The result of the research based on financial ratio analysis shows the liquidity ratio and solvency ratio in good condition, while the activity ratio and profitability ratio are not good because it is below the industry average of similar companies. Based on horizontal analysis, financial performance fluctuated and influenced internal and external factors such as operational performance and the average price of world palm oil. The limitations of this study are using only two analytical tools and financial statements analyzed only the balance sheet and income statement.

ANALISIS RASIO UNTUK MENGUKUR KINERJA KEUANGAN PERUSAHAAN (STUDI KASUS PADA PT MEKAR KARYA PRATAMA)

2019 ◽  
Vol 9 (1B) ◽  
pp. 15
Author(s):  
Rizki Ahmad Fauzi
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Corporate Activity ◽  
Significant Change ◽  
Overall Ratio ◽  
The Impact ◽  
Solvency Ratio

Based on the results of the analysis of the ratio of the financial statements can be seen from liquidity ratio in 2010 can already be said to be liquid and in 2011 occurred very significant increase in this ratio that makes the company's liquidity to be too high. Judging from the solvency ratio, in 2010 the company could not be said solvable because the value of this ratio is still quite high. However, in 2011 this ratio decreased significantly which shows that the company can already be said to be solvable. From the ratio of the activity, in 2010 and 2011 the ratio of corporate activity can already be said to be good. Despite the decrease from 2010 to 2011 on some of these ratios, but the overall ratio of activity of the company is good enough. Judging from the ratio of profitability, in 2010 and 2011 the profitability of the company can not be said to be good because it is still very low and no significant change from the year 2010 to the year 2011 for this ratio.The overall financial performance of PT Mekar Karya Pratama from year 2010 to year 2011 can be said to be good, although there are some things that must be considered and they should be repaired as liquidity is too high which causes the idle funds and the impact on the profitability is low. Keyword:Rasio Analysis

Efektivitas Kinerja Keuangan Badan Amil Zakat Nasional (Baznas) pada Program Pentasharufan Dana Zakat di Baznas Kota Yogyakarta

2018 ◽  
Vol 6 (1) ◽  
pp. 91-112
Author(s):  
Siti Nur Azizah
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Analysis Method ◽  
Highly Effective ◽  
Distribution Process ◽  
Effective Level ◽  
Year 2013

This study discusses the effectiveness of the financial performance of Badan Amil Zakat (BAZNAS) in the distribution process of zakat funds (through zakat agents?), namely Jogja Taqwa, Jogja Peduli, Jogja Sehat, Jogja Cerdas, Jogja Sejahtera from 2012-2016. This research that was conducted in BAZNAS Yogyakarta, specifically analyzes the distribution of zakat funds using the Allocation to Collection Ratio (ACR) analysis method. It measures the ability of the zakat institution (BAZNAZ?) in distributing (the zakat fund?) (through zakat agents?) by dividing the total allocation funds to their total collection funds and comparing financial statements for several periods. The results of this study show the levels of effectiveness of zakat distribution of each year, year 2012 shows a "fairly effective" score, year 2013 is at the "effective" level, year 2014 shows an "effective" score, the score level of 2015 was "highly effective" and the analysis shows a "fairly effective" score  in 2016 .

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