scholarly journals Karakteristik CEO Dan Kinerja Perusahaan Non-Keuangan Yang Teraftar Di Bursa Efek Indonesia

2018 ◽  
Vol 5 (3) ◽  
pp. 299-314
Author(s):  
I Made Sudana ◽  
Elka Dwiputri
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Purposive Sampling ◽  
Ceo Tenure ◽  
Analysis Technique ◽  
Financial Firm ◽  
Ceo Characteristics

The purpose from this research is to test the effect from CEO characteristics towards firm performance. CEO characteristics was proxied with founder CEO, ownership, tenure, and education. Firm performance was proxied with Tobin’s Q. The sample from this research are every non-financial firm that have been listed in Indonesian Stock Exchange from 2010 – 2015 period. The method from this research is purposive sampling with analysis technique model multiple linier regression. The result from this research showed that founder CEO, CEO ownership, CEO tenure have a positive significant effect towards firm’s performance or Tobin’s Q.   Keywords : CEO Characteristics,  Firm Performance

scholarly journals Pengaruh Manajemen Laba Akrual dengan Pendekatan Revenue Discretionary Model terhadap Kinerja Perusahaan

TRIKONOMIKA ◽  
2014 ◽  
Vol 13 (1) ◽  
pp. 108
Author(s):  
Sepriahangga Wahyu Windharta ◽  
Nurmala Ahmar
Keyword(s):  
Firm Performance ◽  
Earnings Management ◽  
Stock Exchange ◽  
Financial Statements ◽  
Research Approach ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Revenue Model ◽  
Revenue Models

Accrual earnings management is a form of manipulation of financial statements on the accrual components to increase its profit in order to look good in the investors perception. This research approach discretionary  revenue published by Stubben in 2010 with two different formulas are conditional revenue models and revenue models to measure the accrual earnings management to be proxies to the performance of the company. The purpose of this study was to analyze the effect of accrual earnings management by discretionary revenue approach on firm performance in manufacturing companies listed on the Stock Exchange. The Results of analysis for this study were 1) Accrual earnings management is measured using a Revenue Model does not affect the Return On Asset. 2) Accrual earnings management is measured using a Revenue Model does not affect the Tobin’s q. 3) Accrual earnings management is measured using a Conditional Revenue Models effect on the Return On Asset. 4) Accrual earnings management is measured using a Conditional Revenue Models has no effect on Tobin’s q.

scholarly journals Perngaruh Kinerja Keuangan Dan Intellectual Capital Terhadap Nilai Perusahaan Yang Terdaftar di BEI

2021 ◽  
Vol 3 (1) ◽  
pp. 89
Author(s):  
Nadya Variaty ◽  
Khairina Natsir
Keyword(s):  
Intellectual Capital ◽  
Firm Value ◽  
Quantitative Data ◽  
Stock Exchange ◽  
Sampling Techniques ◽  
Panel Regression ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Purposive Sampling ◽  
Food And Beverages

The purpose of this study was to determine the effect of profitability, leverage, and intellectual capital on the value of the firm of the consumers goods sectors listed in indonesian stock exchange in the periode of 2014-2018. The proxy used to measure firm value is Tobin’s Q method, profitability is measured by ROA ratio, leverage is measured by DER ratio, and intellectual capital measured by VAHU ratio. The research method used causal research using quantitative data and purposive sampling techniques. The research sampel consisted of 11 companies with 55 observational data. Data analysis was performed using a panel regression model using E-Views 9.0 software. The results showed profitability, leverage, and intellectual capital significantly influence the value on the value of the firm in food and beverages companies in Indonesia stock exchange.Tujuan dari penelitian ini adalah untuk mengetahui pengaruh profitabilitas, leverage, dan intellectual capital terhadap nilai perusahaan pada perusahaan F&B yang terdaftar di Bursa Efek Indonesia pada periode 2014-2018. Proksi yang digunakan untuk mengukur Nilai perusahaan adalah metode Tobin’s Q, profitabilitas diukur dengan ROA, leverage diukur dengan DER, intellectual capital diukur dengan VAHU. Penelitian ini merupakan penelitian kausal dengan data kuantitatif dan metode purposive sampling. Sampel penelitian adalah 11 perusahaan dengan 55 data observasi selama periode 2014- 2018. Data dianalisis dengan model regresi data panel menggunakan perangkat lunak EViews 9.0. Hasil penelitian ini menunjukan profitabilitas, leverage, dan intellectual capital secara parsial memiliki pengaruh yang signifikan terhadap nilai perusahaan pada perusahaan food and beverages yang terdaftar di Bursa Efek Indonesia periode 2014- 2018.

scholarly journals Pengaruh Kebijakan Dividen, Kebijakan Utang, Profitabilitas, Kepemilikan Manajerial, dan Komite Audit terhadap Nilai Perusahaan

2020 ◽  
Vol 5 (1) ◽  
pp. 41
Author(s):  
Siti Siti ◽  
Ahalik Ahalik
Keyword(s):  
Firm Value ◽  
Audit Committee ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Managerial Ownership ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Purposive Sampling ◽  
Debt Policy

Abstrak:Penelitian ini dilakukan dengan tujuan untuk mengetahui pengaruh kebijakan dividen, kebijakan utang, profitabilitas, kepemilikan manajerial, dan komite audit terhadap nilai perusahaan. Teknik pemilihan sampel penelitian ini menggunakan purposive sampling. Sampel dalam penelitian ini adalah sebanyak 75 perusahaan manufaktur yang terdaftar di BEI periode 2013-2017. Data penelitian ini menggunakan data dari laporan keuangan dari setiap perusahaan sampel. Analisis data penelitian ini menggunakan analisis regresi berganda dengan pemakaian SPSS 24. Nilai perusahaan dalam penelitian ini diukur dengan rasio Tobin’s Q. Hasil penelitian ini menunjukkan kebijakan dividen, kebijakan utang, profitabilitas, kepemilikan manajerial dan komite audit secara bersama-sama berpengaruh terhadap nilai perusahaan. Variabel kebijakan dividen (DPR), kebijakan utang (DER), kepemilikan manajerial (KM) dan komite audit (KA) tidak berpengaruh terhadap nilai perusahaan, sedangkan profitabilitas (ROE) berpengaruh positif signifikan terhadap nilai perusahaan.   Kata Kunci:kebijakan dividen, kebijakan utang, nilai perusahaan, profitabilitas.              Abstract:This research was conducted with the aim to determine the effect of dividend policy, debt policy, profitability, managerial ownership, and audit committee on firm value. The technique of selecting this research sample using purposive sampling. The sample in this study were 75 manufacturing companies listed on the Stock Exchange in the period 2013-2017. This research data uses data from financial statements from each sample company. The data analysis of this study uses multiple regression analysis with the use of SPSS 24. The company value in this study is measured by Tobin’s Q ratio. The results of this study indicate dividend policy, debt policy, profitability, managerial ownership and audit committee jointly influence the firm value. The variable dividend policy (DPR), debt policy (DER), managerial ownership (KM) and audit committee (KA) did not affect the value of the company, while profitability (ROE) had a significant positive effect on firm value.   Keywords:dividend policy, debt policy, firm value, profitability

scholarly journals Tobin’s q, RoA, Diversification and Risk

2015 ◽  
Vol 50 ◽  
pp. 146-154
Author(s):  
Banafsheh Farhangzadeh
Keyword(s):  
Firm Performance ◽  
Stock Returns ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
P Value ◽  
Tobin’S Q ◽  
Diversification Strategy ◽  
Tobin's Q ◽  
Significance Level ◽  
Percent Confidence Level

This study aims to explain the link between corporate diversification, firm performance and risk. To test the research hypotheses, a sample of 63 companies listed in Tehran Stock Exchange over the period 2008-2012 was taken. We construct two models with Tobin’s q, RoA, Size, Debt, Growth and Standard deviation of stock returns. Analysis of the research models is based on panel(data) analysis. In these models the presence or absence of effects models (fixed or random) is reviewed and finally the best model is estimated. Inference is based on significant level or p-value, thus likely that any value or significance level of the test is less than 0.05 is rejected at the 95 percent confidence level. The results indicate that there is no significant relationship between diversification strategy, firm performance and risk.

scholarly journals PENGARUH LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2010 – 2014

2018 ◽  
Vol 4 (1) ◽  
pp. 1-9
Author(s):  
Sisca Sisca
Keyword(s):  
Stock Exchange ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Purposive Sampling

Penelitian ini bertujuan untuk membuktikan dan menganalisis pengaruh Leverage (DER) dan Profitabilitas (ROE) terhadap Nilai Perusahaan (Tobin’s Q) pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia, serta ingin membuktikan dan menganalisis Kebijakan Dividen (DPR) mampu memoderasi hubungan antara Leverage dan Profitabilitas terhadap Nilai Perusahaan. Populasi dari penelitian ini adalah seluruh perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2010-2014 sebanyak 149 perusahaan. Teknik pengambilan sampel yang digunakan adalah metode purposive sampling, sehingga menghasilkan 36 perusahaan sebagai sampel penelitian. Data penelitian merupakan data sekunder yang diperoleh dari Indonesian Stock Exchange (www.idx.co.id) dan ICMD tahun 2010-2014. Pengujian hipotesis penelitian dilakukan dengan menggunakan analisis regresi berganda untuk hipotesis pertama dan analisis regresi variabel moderasi untuk hipotesis kedua, dengan alat bantu softwareSPSSfor Windows Version 20.0.Hasil penelitian untuk hipotesis pertama menunjukkan bahwa Leverage, Profitabilitas dan Kebijakan Dividen secara simultan berpengaruh positif dan signifikan terhadap Nilai Perusahaanpada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2010-2014, sedangkan secara parsial hanya Profitabilitas yang berpengaruh positif dan signifikan terhadap Nilai Perusahaan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2010-2014. Hasil dari hipotesis kedua menunjukkan bahwa Kebijakan Dividen tidak mampu memoderasi pengaruh Leverage dan Profitabilitas terhadap Nilai Perusahaan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2010-2014.

scholarly journals FINANCIAL HEALTH AND FIRM PERFORMANCE: EVIDENCE FROM INDONESIA’S LISTED STATE-OWNED ENTERPRISES

2021 ◽  
Vol 5 (2) ◽  
pp. 275
Author(s):  
Reynaldi Hermansjah ◽  
Sugiarto Sugiarto ◽  
Gracia Shinta S. Ugut ◽  
Edison Hulu
Keyword(s):  
Firm Performance ◽  
Performance Measures ◽  
Stock Exchange ◽  
Market Value ◽  
Tobin’S Q ◽  
Financial Health ◽  
Tobin's Q ◽  
Health Score ◽  
Real World Application ◽  
The Relationship

KEP-100 / MBU / 2002 yang diterbitkan oleh kantor Kementerian Badan Usaha Milik Negara (BUMN) pada bulan Juni 2002 (yang selanjutnya akan dituliskan sebagai “KEP-100 / MBU / 2002”)  disusun untuk mengevaluasi kesehatan keuangan BUMN. Tujuan penelitian ini ada dua, pertama untuk menganalisis skor kesehatan keuangan BUMN yang terdaftar di Bursa Efek Indonesia, dan kedua untuk mengevaluasi hubungan antara skor kesehatan keuangan dan kinerja perusahaan dari semua BUMN yang terdaftar. Hasil penelitian menunjukkan bahwa skor kesehatan keuangan BUMN memiliki hubungan yang signifikan dengan kinerja perusahaan yang diukur dengan skor Tobin's Q masing-masing BUMN. Dari hasil tersebut dapat disimpulkan bahwa SK KEP-100 / MBU / 2002 yang dikeluarkan oleh Kementerian Badan Usaha Milik Negara (BUMN) dapat digunakan untuk mengukur skor kesehatan keuangan perusahaan, dan skor kesehatan keuangan dari BUMN yang terdaftar di Indonesia memiliki pengaruh yang signifikan dan berdampak positif terhadap kinerja perusahaan yang diukur dengan log dari Tobin's Q.Pada aplikasinya, penggunaan perhitungan tingkat kesehatan keuangan BUMN berdasarkan KEP-100 / MBU / 2002 diharapkan akan dapat membantu BUMN untuk memprediksikan nilai market di pasaran menggunakan nilai tingkat kesehatan keuangan tersebut. “KEP-100/MBU/2002” of the Indonesia Ministry of State-Owned Enterprises (SOEs) (which later on will be reffered as “KEP-100/MBU/2002” ) are constructed to evaluate the financial health of SOEs. This study purposes is two-folds, firstly to analyze the financial health score of listed SOEs in Indonesian Stock Exchange, and secondly to evaluate the relationship between the financial health score and firm performance of all listed SOEs. The results show that SOE’s financial health score has a significant relationship with firm performance, measures by each SOEs’ Tobin’s Q score. From the results we can conclude that “ KEP-100/MBU/2002” is applicable to measure firm’s financial health score, and financial healh score of Indonesia’s listed SOEs have a notable impact to firm performance measured by the log of Tobin’s Q. In the real world application, the use of state-owned enterprise financial health score calculations based on KEP-100 / MBU / 2002 is expected to be able to assist SOEs in predicting market value in the market using this financial health score value.

scholarly journals Analysis Effect of Accrual Quality, Growth Opportunity and Gender Diversity on Firm Performance (Empirical Evidence from Listed Company in Indonesia Stock Exchange)

2020 ◽  
Vol 1 (2) ◽  
pp. 117
Author(s):  
Imam N. Fambudi ◽  
Dara Fitriani
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Total Sample ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Accrual Quality ◽  
Growth Opportunity ◽  
And Gender

<p>The research aims to analyze the relationship of accrual quality, growth opportunity, and gender diversity to firm performance which is divided into two-equation models namely Tobin's Q and ROA with control variables firm size, firm age and leverage using multiple regression analysis methods. The sample in this study is manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2017 with a total sample of 117 companies. The results showed that accrual quality and growth opportunity had a significant positive effect on the ROA model while gender diversity had a significant negative effect on Tobin's Q.</p>

scholarly journals Kepemilikan Institusional, Kinerja Perusahaan, dan Efek Moderasi dari Kepemilikan Institusional Aktif

2019 ◽  
Vol 4 (1) ◽  
pp. 41-48
Author(s):  
Rahmat Setiawan ◽  
Moh Maulidi Syarif
Keyword(s):  
Firm Performance ◽  
Institutional Ownership ◽  
Manufacturing Firms ◽  
Moderating Effect ◽  
Tobin’S Q ◽  
Significant Positive Effect ◽  
Tobin's Q ◽  
Purposive Sampling ◽  
Positive Effect

This research investigate impact of institutional ownership on firm performance, and moderating effect of active institutional ownership. Using purposive sampling and the period of 2012-2016, we obtained 436 observations of 99 manufacturing firms for dependent variable mea- sured by ROA, and 415 observations of 95 manufacturing firms for dependent variable measured by Tobin’s Q. We found that institutional ownership had significant positive effect on firm perfor- mance. Active institutional ownership as a moderating variable, strengthens the positive effect of institutional ownership on firm performance.

scholarly journals Pengaruh Dewan Direksi, Dewan Komisaris, Kepemilikan Publik Dan Kepemilikan Institusional Terhadap Kinerja Perusahaan (Studi Pada Perusahaan Bumn Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2020)

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Dyah Anggraeni Purnomo ◽  
Rina Mudjiyanti ◽  
Eko Hariyanto ◽  
Bima Cinintya Pratama
Keyword(s):  
Firm Performance ◽  
Board Of Directors ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Performance Criteria ◽  
Public Ownership ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Analysis Technique

Penelitian ini bertujuan untuk membuktikan pengaruh dewan direksi, dewan komisaris, kepemilikan publik dan kepemilikan institusional terhadap kinerja perusahaan. Sampel yang digunakan dalam penelitian ini adalah Perusahaan BUMN yang terdaftar di Bursa Efek Indonesia (BEI) periode 2016-2019. Teknik pengambilan sampel yang digunakan yaitu purposive sampling dan diperolah sampel sebanyak 49 yang telah memenuhi kriteria. Teknik analisis yang digunakan adalah analisis regresi berganda. Kinerja perusahaan dalam penelitian ini diukur dengan menggunakan return on equity (ROE). Berdasarkan hasil penelitian dapat disimpulkan bahwa dewan direksi, kepemilikan publik dan kepemilikan institusional tidak berpengaruh terhadap kinerja perusahaan sedangkan dewan direksi berpengaruh positif terhadap kinerja perusahaan.  This study aims to find empirical evidence of the effect of board of directors, board of commissioners, public ownership and institutional ownership on firm performance. The sample used in this study is a BUMN company listed on the Indonesia Stock Exchange (BEI) for the 2016-2019 period. The sampling technique used was purposive sampling and obtained a sample of 49 samples that met the criteria. The data analysis technique is multiple regression analysis. The firm performance criteria in this study were measured using Return on Equity (ROE). Based on the research results, it can be concluded board of directors, public ownership and institutional ownership have no effect on firm performance, while the board of commissioners has a positive effect on firm performance.

scholarly journals An Empirical Investigation on Corporate Governance: Evidence from Pakistan

2020 ◽  
Vol V (III) ◽  
pp. 154-161
Author(s):  
Ghulam Nabi ◽  
Faheem Ghaznafar ◽  
Tahira Asif
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Board Of Directors ◽  
Ownership Structure ◽  
Empirical Investigation ◽  
Stock Exchange ◽  
Annual Reports ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
The Board Of Directors

This study aims to examine the association between firm performance and ownership structure. We collect the data from the annual reports of 60 random firms, which are listed in the Karachi stock exchange (KSE 100 Index), for a period of 5 years from 2007-2011. Firm performance is measured by using market and accounting based proxies, Tobin's Q, ROA, and ROE, respectively, while ownership structure is measured as a percentage of shares held by the Board of Directors. The findings reveal that ownership structure has a negative and significant association with firm performance (accounting-based proxy).

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