Reformulation of the Function of the Board of Directors as an Organ of Persero Company in the Framework of Legal Development

This article discusses the urgency of reformulation of the function of the Board of Directors as an organ of persero company in carrying out the company's business activities to obtain profits that are further deposited to the state as non-tax state revenues. This research is normative research. The results of this study show that the transfer and guarantee actions carried out by Directors against persero's assets are one form of legally valid management as long as it is in accordance with the laws and regulations, its basic budget and the interests of persero. In order to achieve legal certainty, it is necessary to reformulate the function of the Board of Directors of Persero in the laws and regulations into the function of management, ownership and representing persero both in and in court as long as it is in accordance with the laws and/or articles of association of Persero.

ANALISIS GENDER DIVERSITY, CORPORATE GOVERNANCE DAN LEVERAGE DALAM MEMPREDIKSIKAN KONDISI FINANCIAL DISTRESS PADA FAMILY BUSINESS

Economic growth in the world is currently experiencing a very rapid increase, so companies must make strategies to be able to compete in facing challenges to survive. Financial distress is one of the factors that causes the company to be unable to achieve its goals so that the company cannot maintain its life. This study uses internal factors, namely gender diversity, institutional ownership, management ownership, and independent commissioners and external factors are leverage in family business. This research method is a quantitative method using time series data. The regression model used is a logistic regression model. Purposive sampling is the method used so that 80 samples were used in this study. Based on the partial test, institutional ownership, management ownership and independent commissioners have no significant effect on financial distress. Only gender diversity and leverage have a significant positive effect on financial distress.

Japan and the international humanitarian system: In the periphery by design, principle or strategy?

This article aims to explain why Japan has been at the periphery of the international humanitarian system, at least for the past two decades. Based on a review of the main features of the country's historical involvement in humanitarian crisis response, I suggest two main reasons: 1) the difficulty for Japan to adapt to the kind of institutions created after the end of the Cold War, mainly by Western actors, and 2) Japan's preference for an integral approach to crisis management, using multiple international cooperation means, which falls outside of the present humanitarian diplomacy paradigm. As this paradigm comes into question, Japan can influence the emerging humanitarian system, particularly through the promotion of crisis management ownership and long-term commitment backed by multiple financial means.

Japan and the international humanitarian system: In the periphery by design, principle or strategy?

This article aims to explain why Japan has been at the periphery of the international humanitarian system, at least for the past two decades. Based on a review of the main features of the country’s historical involvement in humanitarian crisis response, I suggest two main reasons: 1) the difficulty for Japan to adapt to the kind of institutions created after the end of the Cold War, mainly by Western actors, and 2) Japan’s preference for an integral approach to crisis management, using multiple international cooperation means, which falls outside of the present humanitarian diplomacy paradigm. As this paradigm comes into question, Japan can influence the emerging humanitarian system, particularly through the promotion of crisis management ownership and long-term commitment backed by multiple financial means.

Investigating the Role of Management Ownership in Revealing Firm Value

This study aims to analyze the role of management ownership in moderating the effect of total asset turnover on firm value. The data is taken from the financial statements and annual reports of manufacturing companies listed on the Indonesia Stock Exchange for the period 2017 – 2019. Using purposive sampling, 27 companies were selected as research samples. The data was processed by multiple regression analysis using the help of the IBM SPSS Statistic 25 application. The results showed that TATO had no significant effect on firm value. The results of testing the moderating variable show that management ownership does not moderate the effect of TATO on firm value Keywords: TATO, firm value, finance, ratio

PENGARUH KOMPETENSI KOMITE AUDIT, KEPEMILIKAN MANAJEMEN DAN UKURAN DEWAN KOMISARIS TERHADAP KUALITAS LAPORAN KEUANGAN

This research aims to determine the influence of audit committee competency, managerial ownership, and size board of financial statements quality. Financial statement quality in this research measured by relevance. The research method applied quantitative causality method. The object of research is the food and beverage subsector companies listed on Indonesia Stock Exchange in period 2015 – 2018. The sample of this research which complied 8 samples with period of 4 years, so the data processed 32 data. The result of this research 62.1% independent variables can explain the quality of financial statements, while 37.9% is explained by other variables not included in this research. The audit committee competency variables, management ownership and the size of the board of commissioners have a simultaneous influence on the quality of financial statements. The audit committee competency variable has a negative effect while the size of the board of commissioners has a positive effect on the quality of financial statements partially. While management ownership has no influence on the quality of financial statements.

Management ownership and the performance of Islamic microfinance institutions: a panel data analysis of Indonesian Islamic rural banks

Purpose This study aims to analyse the relationship between management ownership and the performance of Islamic microfinance institutions (MFIs) using panel data from Indonesian Islamic rural banks (Bank Pembiayaan Rakyat Syariah [BPRS]). Design/methodology/approach This study uses unbalanced quarterly panel data from BPRS during the period from 2011 to 2016. Performance, as the dependent variable in this study, is analysed based on three sets of measures, namely, profitability, efficiency and the financing risk. Management ownership, as the independent variable in this study, is represented by ownership by the board of directors (BOD), the board of commissioners (BOC) and the sharia supervisory boards (SSB). Findings The results show that ownership by the BOD and BOC does not have a significant relationship with profitability and efficiency. However, the BOD ownership has a negative relationship with the financing risk and vice versa for the BOC ownership. Additionally, the study reveals that ownership by the SSB plays a positive and significant role in increasing the profitability and efficiency but does not have a significant impact on the financing risk. Originality/value This is one of the first studies to provide empirical results regarding the relationship between management (BOD, BOC and SSB) ownership and the performance of BPRS. The finding reveals that ownership by the SSB is very important to increase the profitability and efficiency of the BPRS. Contribution to Impact This study fills the gap in the literature about Islamic MFIs in Indonesia, especially the BPRS. This research also provides an insight into corporate governance practices and Islamic MFIs’ performance using BPRS data. The findings provide useful information for policy makers and regulators.

The Effect of Good Corporate Governance and Sustainability Report on Company Performance

This study examines the effect of good corporate governance and sustainability report on company performance. Good corporate governance is dependent on the size of the board of directors, the proportion of independent commissioners, the size of the audit committee, institutional ownership, management ownership. Sustainability report is facilitated by economic, environmental and social aspect as well as disclosure index. While Company performance is generated by Return on Assets (ROA). This research was conducted on companies listed on the Indonesia Stock Exchange between 2014-2018. The purposive sampling technique was used. Hypothesis testing was done by linear regression analysis. The results of testing the first variable showed that institutional ownership affects ROA and has a negative relationship direction. While the size of the board of directors, the proportion of independent directors, the size of the audit committee, and management ownership have no effect on ROA. However, the result of the second variable showed that the disclosure of economic aspects affects ROA and has a positive relationship direction. While disclosure of environmental and social aspects does not affect ROA.

The effect of ownership structure on social and environmental reporting in Nigeria: the moderating role of intellectual capital disclosure

Purpose This paper aims to examine the effect of ownership structure variables on social and environmental disclosure practice in Nigeria. The paper also investigates the moderating impact of intellectual capital disclosure on the relationship between ownership structure elements, social and environmental disclosure. Design/methodology/approach The paper adopted the Global Reporting Initiative (GRI) disclosure framework to extract social and environmental disclosure information from corporate social and environmental reports of 80 companies listed on the Nigerian Stock Exchange. The study spanned from 2012–2017. Management ownership, foreign ownership, block ownership and dispersed ownership are considered as determinants of social and environmental disclosure. A multiple regression analysis was used to test the relationships specified in the study. Findings The result of the descriptive analysis has shown evidence of a low-level disclosure of social and environmental information in corporate reports (annual reports and corporate social and environmental reports) of companies. From the regression analysis, block ownership, foreign ownership and dispersed ownership are found to enhance the disclosure of social and environmental information in the corporate report of companies. However, management ownership was found to be insignificantly related to social and environmental disclosure. The result also revealed that intellectual capital disclosure has a significant positive effect on the relationship between management ownership, foreign ownership and dispersed ownership, social and environmental disclosure. However, intellectual capital disclosure does not moderate the relationship between block ownership, social and environmental disclosure. Originality/value This paper is the first to empirically examine the moderating effect of intellectual capital disclosure on ownership structure variables, social and environmental disclosure. The result of the study offer researchers a better understanding of the impact of ownership structure variables on social and environmental disclosure. The findings are useful to researchers, corporate managers, policymakers and regulatory bodies.