Majority Shareholder on the Composition of Public Ownership and Tax Avoidance Practices in Public Companies

This study attempts to analyze the effectiveness of the enforcement of regulations on public share ownership. Specifically, this study analyzes whether there are differences in the composition of public ownership between before and after the regulation was enacted. By using independent t-test, carried out on the Indonesia Stock Exchange during 2008-2011 with a total of 320 observations (company-years), regarding the effectiveness of regulations regarding the provision of tax incentives associated with the proportion of public share ownership, the difference is analyzed with the deadline for the enactment of government regulations on reduction of income tax rates for public entity taxpayers in the form of public company and the Minister of Finance Regulation regarding the procedure for implementing and monitoring the decreasing of granting tariffs for domestic corporate taxpayers in the form of public companies. The results indicate that the regulations were not proven to empirically have significant effect in increasing the proportion of public share ownership in the capital market, and are more likely to lead to trade-offs with government efforts to increase tax revenues and reduce the practice of tax avoidance by companies. Therefore, it is necessary to review the tax incentive scheme that can be given to companies going public in order to be effective in increasing public share ownership in Indonesia and not trade-off with the practice of corporate tax avoidance.

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The Effect of Public Share Ownership on Tax Evasion: Study on Companies Listed in Indonesia Stock Exchange Between 2008-2011

International Journal of Financial Research ◽

10.5430/ijfr.v10n6p124 ◽

2019 ◽

Vol 10 (6) ◽

pp. 124

Author(s):

Muhammad Ikbal Abdullah ◽

Andi Chairil Furqan ◽

Ni Made Suwitri Parwati ◽

Asmanurhidayani Asmanurhidayani

Keyword(s):

Tax Evasion ◽

Management Practices ◽

Tax Avoidance ◽

Public Ownership ◽

Corporate Tax ◽

Public Companies ◽

Share Ownership ◽

The Government ◽

The Impact ◽

Public Share

Increasing the concentration of ownership and control of public companies in Indonesia is more likely to increase the likelihood of earnings management practices through tax avoidance. The high percentage of concentrated ownership has encouraged the government and capital market regulators to more broadly promote regulations related to tax incentives and public ownership in order to encourage more transparent practices. This study aims to analyze the policy of public ownership of tax avoidance conducted by Indonesian public companies, specifically after the regulation of Government Regulation No. 81 of 2007 concerning Reduction of Income Tax Rates for Domestic Corporate Taxpayers in the Form of Public Companies, and Minister of Financial Regulation No. 238 / PMK.03 / 2008 concerning Procedures for Implementing and Supervision of Granting Tariff Reductions for Domestic Corporate Taxpayers in the Form of Public Companies. More specifically, this study aims to analyze the impact of public share ownership on tax avoidance by Indonesian public companies. The samples of 320 observations that conducted (firm-years) during 2008-2011. The software that will be used in data analysis is STATA 12. The results showed that the increase in public ownership have a significant effect in improve the practice of corporate tax avoidance, which it is also evidenced by the significant differences in the corporate tax avoidance practices before than after the enactment of these regulations. The findings show that the greater the proportion of public share ownership would result the decreasing number of ETR or ETRC which can be indicated that the greater the practice of corporate tax avoidance. Furthermore, the ROA variable has a negative and significant effect on corporate tax avoidance practices, meaning that the greater the profitability ratio of a company can cause the reported and paid tax burden to decrease.

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Pengaruh Ukuran Perusahaan, Profitabilitas, Leverage Dan Kepemilikan Saham Publik Pada Pengungkapan Corporate Social Responsibility

E-Jurnal Akuntansi ◽

10.24843/eja.2019.v29.i01.p08 ◽

2019 ◽

Vol 29 (1) ◽

pp. 111

Author(s):

I Komang Gede Surya Andriana ◽

I Wayan Gde Wahyu Purna Anggara

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Exchange ◽

Global Reporting Initiative ◽

Company Size ◽

Share Ownership ◽

Regression Methods ◽

Food And Beverage ◽

Corporate Social ◽

Public Share

Corporate Social Responsibility is a strategy that is applied by a company as evidence of the company's social responsibility to the environment and social companies so that the company can grow sustainably. This study aims to determine the effect of company size, profitability, leverage and public share ownership on CSR disclosures of food and beverage companies. Measurement of index of social responsibility disclosure with Global Reporting Initiative Generation 4.This research was conducted on food and beverage companies listed on the Indonesia Stock Exchange in the 2014-2016 period. Samples were selected using purposive sampling and obtained 33 data that met the sample criteria. The research data was analyzed using multiple linear regression methods. The results showed that firm size and profitability had a positive effect on Corporate Social Responsibility disclosure, while Leverage and public share ownership had no effect on the disclosure of Corporate Social Responsibility. Keywords : Corporate Social Responsibility; company size; profitability; leverage; public share ownership.

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KINERJA FINANSIAL PERUSAHAAN YANG MELAKUKAN AKUISISI

JURNAL AKUNTANSI UNIVERSITAS JEMBER ◽

10.19184/jauj.v11i2.1264 ◽

2015 ◽

Vol 11 (2) ◽

pp. 48 ◽

Cited By ~ 1

Author(s):

Elok Sri Utami

Keyword(s):

Financial Performance ◽

Return On Investment ◽

Activity Ratio ◽

Stock Exchange ◽

Return On Equity ◽

Total Debt ◽

Before And After ◽

Equity Ratio ◽

The Difference ◽

Firm Activity

This study attempts to examine empirical evidence of the firms’ financial performances conducting acquisition at the Indonesian Stock Exchange. A sample of 22 firms undertaking acquisition during 2007-20010 is examined. The t-test for mean difference is employed to examine the performance for the period prior to and after the acquisition. The results show that the firms’ liquidity ratio is not significantly different for the periods before and after acquisition. Total debt to total assets ratio and total debt to equity ratio are significantly different. In particular, the average of these two ratios is higher in the period after the acquisition. This study also documents that the firm activity ratio, measured as total assets turnover, is indifferent between the periods. In addition, the firms’ return on investment and return on equity is lowering after acquisition and the difference is significant. Keywords: acquisition, financial performance,Indonesian Stock Exchange

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Analisis Pengaruh Stock Split Terhadap Volume Perdagangan, Harga Saham, dan Abnormal Return pada Perusahaan yang Terdaftar di BEI Periode 2017 - 2018

Jurnal Manajemen Bisnis dan Kewirausahaan ◽

10.24912/jmbk.v4i1.6805 ◽

2020 ◽

Vol 4 (1) ◽

pp. 84

Author(s):

Agus Amanda Tanoyo

Keyword(s):

Stock Prices ◽

Trading Volume ◽

Stock Exchange ◽

Abnormal Returns ◽

Rank Test ◽

Volume Activity ◽

Stock Split ◽

Before And After ◽

Signed Rank Test ◽

The Difference

This study aims to determine the difference in the trading volume activity, stock prices and abnormal returns before and after the announcement of a stock split. The population of this study are all companies listed in Indonesia Stock Exchange that take corporate action in the form of stock split at period 2017-2018. Sampling using purposive sampling. Based on the sampling criteria predetermined number of samples acquired 24 stocks. The analytical method used is the analysis Wilcoxon Signed Rank Test with the observation period (event window) is 14 days. The results showed that there were differences in the trading volume activity and stock prices before and after the announcement of stock split, while the last hypothesis showed that there were no differences in abnormal returns before and after the announcement of stock split.

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ANALISIS KOMPARASI KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH PENERAPAN SAK KONVERGENSI IFRS (Studi Kasus pada Perusahaan Farmasi yang Terdaftar di BEI)

Jurnal Riset Keuangan Dan Akuntansi ◽

10.25134/jrka.v2i1.449 ◽

2016 ◽

Vol 2 (1) ◽

Author(s):

Alin Adinda Herma Wiharno Teti Rahmawati

Keyword(s):

Financial Performance ◽

Stock Exchange ◽

Accounting Standards ◽

Financial Information ◽

International Accounting Standards ◽

Reporting Standards ◽

Before And After ◽

Quality Of Reports ◽

The Difference

Convergenceof IFRS into local accounting standards became a necessity for each country. This is due to the rapid developmental technology and globalization are demanding international accounting standards, with the aim of producing financial information with good quality and generally accepted. The application of IFRS as reporting standards is believed to improve the quality of reports keua-ngan company basis in the measurement of financial performance.The research objective was to determine the difference in financial performance as measured by the ratio of profitability, liquidity, solvency, and activities before and after the implementation of IFRS on the Company's GAAP ConvergencePharmaceuticals Listed in Indonesia Stock Exchange Period 2007-2014.The results showed that tdak there are significant differences related to the financial performance as measured by the ratio of profitability, liquidity, solvency, as well as the ratio of activity before and after the implementation of IFRS on the Company's GAAP ConvergencePharmaceuticals Listed in Indonesia Stock Exchange Period 2007-2014.

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Piecewise Linier Model Untuk Manajemen Laba: Investigasi Sebelum dan Sesudah Implementasi IFRS pada Perusahaan Manufaktur di Bursa Efek Indonesia

Jurnal Riset Akuntansi & Perpajakan (JRAP) ◽

10.35838/jrap.2015.002.01.9 ◽

2015 ◽

Vol 2 (01) ◽

pp. 97-105

Author(s):

Rizki Fitrah Ramadhani ◽

Nurmala Ahmar ◽

Nuraini Rokhmania

Keyword(s):

Earnings Management ◽

Linear Model ◽

Stock Exchange ◽

Piecewise Linear ◽

Financial Statements ◽

Jel Classification ◽

Manufacturing Companies ◽

Piecewise Linear Model ◽

Before And After ◽

The Difference

A B S T R A C T This study aimed to examine differences in accrual earnings management by using piecewise linear model of approaching the companies listed on the Indonesian Stock Exchange (BEI) before and after the implementation of IFRS. Samples are 108 manufacturing companies. Year study was conducted during the period 2011 to calculate before the implementation of IFRS and 2013 to calculate after the implementation of IFRS. Criteria in the selection of the research object, among others, the company that serves the complete financial statements, the company does not move the sector, does not cease trading companies, as well as companies that serve the financial statements with the currency. The research proves the difference in accrual earnings management with Piecewise Linear Model approach in 2011 and in 2013. A B S T R A K Penelitian ini bertujuan untuk menguji perbedaan manajemen laba akrual dengan menggunakan model piecewise linear mendekati perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) sebelum dan setelah pelaksanaan IFRS. Sampel adalah 108 perusahaan manufaktur. Tahun penelitian ini dilakukan selama periode 2011 untuk menghitung sebelum pelaksanaan IFRS dan 2013 untuk menghitung setelah pelaksanaan IFRS. Kriteria dalam pemilihan objek penelitian, antara lain, perusahaan yang melayani laporan keuangan yang lengkap, perusahaan tidak bergerak sektor, tidak menghentikan perdagangan perusahaan, serta perusahaan yang melayani laporan keuangan dengan mata uang. Hasil penelitian membuktikan adanya perbedaan manajemen laba akrual dengan Piecewise Linear pendekatan Model pada tahun 2011 dan pada tahun 2013. JEL Classification: G14

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Corporate Actions and Company’s Value Evidence from Indonesia Stock Exchange for Ten Years

IAMURE International Journal of Business and Management ◽

10.7718/iamure.ijbm.v4i1.371 ◽

2012 ◽

Vol 4 (1) ◽

Author(s):

Nurul Hasanah Uswati Dewi

Keyword(s):

Mergers And Acquisitions ◽

Stock Exchange ◽

Poor Quality ◽

Added Value ◽

Financial Factors ◽

Company Value ◽

Before And After ◽

The Difference ◽

Corporate Actions

The purpose of managing a company is to prosper the owners, in which the higher the company’s value, the higher the owners’ welfare. In this case, the company’s value can be reflected in financial performance and company size as seen in the total assets, sales, and market capitalization. In addition, agency theory that leads to the opportunistic nature of management will result in poor quality of earnings and corporate value. The purpose of this study is to examine whether there are differences of the effect of the financial factors on the company’s value before and after doing a merger and acquisition. Since this effort is to provide company’s added value, it is expected to create more long-term added value than just temporary one. Therefore, the effect of the announcement of the merger can’t be seen after the merger or acquisition takes place, but its changes need monitoring afterwards that is in periods. It took several years before and after mergers and acquisitions. The sample consists of companies listed in Indonesia Stock Exchange for ten years. Wilcoxon Signed Ranks Test was employed in this study. The result shows that there is the difference of effect of financial factors on the company’s value before and after mergers and acquisitions. Keywords - corporate actions, merger, acquisition, company value

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Struktur kepemilikan saham terhadap profitabilitas dan nilai pada perusahaan perbankan

Journal of Business and Banking ◽

10.14414/jbb.v10i1.2152 ◽

2020 ◽

Vol 10 (1) ◽

pp. 105

Author(s):

Surayya Surayya ◽

Juliana Kadang

Keyword(s):

Foreign Exchange ◽

Ownership Structure ◽

Commercial Banks ◽

Firm Value ◽

Stock Exchange ◽

Secondary Data ◽

Public Ownership ◽

Ownership Structures ◽

Share Ownership ◽

Share Ownership Structure

This study aims to determine the effect of managerial and public ownership structures on profitability at the Foreign Exchange National Private Commercial Banks (BUSN), determine the effect of managerial and public ownership structures on firm value at Foreign Exchange National Private Commercial Banks (BUSN), and determine the effect of profitability on firm value in Foreign Exchange National Private Commercial Banks (BUSN). This research method uses descriptive quantitative as a type of research. The population is 35 banking companies, while the sample is 17 banking companies whose financial statements are listed on the Indonesia Stock Exchange. The date were collected through secondary data in the form of documents, namely financial reports for 2016 - 2018. The data analysis technique uses multiple regression analysis. The results showed that there was no influence of managerial share ownership structure on profitability and firm value. Furthermore, there is a significant effect of public share ownership structure on profitability while firm value has no significant effect. The implication is that managerial roles and participation are needed in this case the share ownership structure in order to increase the profitability and value of banking companies such as other companies listed on the Indonesia Stock Exchange.

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Piecewise Linier Model Untuk Manajemen Laba: Investigasi Sebelum dan Sesudah Implementasi IFRS pada Perusahaan Manufaktur di Bursa Efek Indonesia

Jurnal Riset Akuntansi & Perpajakan (JRAP) ◽

10.35838/jrap.v2i01.100 ◽

2015 ◽

Vol 2 (01) ◽

pp. 97-105

Author(s):

Rizki Fitrah Ramadhani ◽

Nurmala Ahmar ◽

Nuraini Rokhmania

Keyword(s):

Earnings Management ◽

Linear Model ◽

Stock Exchange ◽

Piecewise Linear ◽

Financial Statements ◽

Jel Classification ◽

Manufacturing Companies ◽

Piecewise Linear Model ◽

Before And After ◽

The Difference

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Real earnings management of operation before and after the implementation of IFRS using cash flow measurement approach

The Indonesian Accounting Review ◽

10.14414/tiar.v5i1.489 ◽

2016 ◽

Vol 5 (1) ◽

pp. 55

Author(s):

Tiara Puspita Dewi ◽

Nurmala Ahmar

Keyword(s):

Earnings Management ◽

Cash Flow ◽

Stock Exchange ◽

Secondary Data ◽

Real Earnings Management ◽

Manufacturing Companies ◽

Public Companies ◽

Before And After ◽

Measurement Approach ◽

Infor Mation

The timeframe of this study is two years, before the implementation of IFRS in 2011 and after the implementation of IFRS in 2013. The population of this study is manufacturing companies listed in Indonesia Stock Exchange. From the existing 179 companies, 92 companies were selected according to the criteria of the sampling method and then determined as the subjects of the study. The data were secondary data obtained in the form of ready-made (provided) through publications and infor-mation issued by various organizations or public companies listed in Indonesia Stock Exchange. The focus of this study is to examine the differences in the real earnings management with the measurement of cash flow operation before and after the implementation of IFRS. Roychowdhury (2006) stated that the indication of real earnings management is the interval between -0.075 and 0.075. The results show that there is no difference between real earnings management with the measurement of cash flow operation before the implementation of IFRS and real earnings man-agement with the measurement of cash flow operation after the implementation of IFRS.

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