Pengendalian Tunneling Dalam Asset Utilization: Sebuah Tinjauan Teoritis

Johnson et al. (2000) define tunneling as the transfer of resources out of the company for the benefit of controlling shareholders. This study will focus on institutional ownership and debt policy which will be further investigated as a control mechanism that occurs in asset utilization and has an impact on company performance. The results of the theoretical review of this study, namely institutional ownership and debt policy can control tunneling in asset utilization. Control mechanisms through institutional ownership of company performance can occur because institutional shareholders are very interested in company performance because a large portion of institutional shareholders' wealth is directly related to the company's wealth. The control is relevant to the owner because it is related to wealth that is tied to the company it owns, so that through increasing the proportion of institutional ownership it can reduce agency costs that arise, especially in the case of asset utilization of the company through supervision carried out. The control mechanism through debt policy on company performance can occur because the debt policy is carried out by the owner by transferring it to the banks or creditors to conduct supervision so as to maximize the performance of the company. The control becomes relevant because it is related to funds lent by banks or creditors to the company so that the company is expected to be able to pay interest and principal loans when due.

PENGEMBANGAN BAHAN AJAR PENDIDIKAN LINGKUNGAN BERBASIS KEARIFAN LOKAL

This study aims to identify the concept and economic effects of local wisdom in environmental management. The results of the assessment will be developed as teaching materials on economic subjects. The method used is through the literature review related to the form of environmental management of Sungai Rangau watershed through local wisdom. The results of this study indicate that local wisdom-based environmental management has been conducted by Rantau Kopar communities living along the Rangau River flow in the planning, utilization, control and maintenance phase. Environmental management based on local wisdom is considered more economical compared to environmental exploitation which raises higher environmental normalization cost. Suistinable environmental maintenance will become the solution of scarcity problem, therefore the results of this study are appropriate to be applied as additional material in economic learning in high school in Basic Competence 3.1.2 on Analyzing economic problems and how to overcome them.

Pengendalian Tunneling Dalam Asset Utilization: Sebuah Tinjauan Teoritis

Johnson et al. (2000) define tunneling as the transfer of resources out of the company for the benefit of controlling shareholders. This study will focus on institutional ownership and debt policy which will be further investigated as a control mechanism that occurs in asset utilization and has an impact on company performance. The results of the theoretical review of this study, namely institutional ownership and debt policy can control tunneling in asset utilization. Control mechanisms through institutional ownership of company performance can occur because institutional shareholders are very interested in company performance because a large portion of institutional shareholders' wealth is directly related to the company's wealth. The control is relevant to the owner because it is related to wealth that is tied to the company it owns, so that through increasing the proportion of institutional ownership it can reduce agency costs that arise, especially in the case of asset utilization of the company through supervision carried out. The control mechanism through debt policy on company performance can occur because the debt policy is carried out by the owner by transferring it to the banks or creditors to conduct supervision so as to maximize the performance of the company. The control becomes relevant because it is related to funds lent by banks or creditors to the company so that the company is expected to be able to pay interest and principal loans when due.