Effect Of Institutional Ownership Research Articles

Effect of Institutional Ownership and Audit Committee to Underpricing in Indonesian Stock Exchange

Underpricing is a phenomenon that remains unresolved. Between 2015 and 2022, 83 percent of companies listed on the Indonesia Stock Exchange (IDX) experienced underpricing. Information asymmetry is often cited as the primary reason for underpricing during the Initial Public Offering (IPO) process. The audit committee and institutional ownership are crucial indicators in reducing information asymmetry between issuers, underwriters, and investors. This study aims to examine the consistency of the application of the audit committee and institutional ownership in influencing underpricing, using a sample of 304 companies that experienced underpricing between 2015 and 2022.

PENGARUH KEPEMILIKAN INSTITUSIONAL, RISIKO PERUSAHAAN DAN BEBAN IKLAN TERHADAP TAX AVOIDANCE

This study aims to determine and provide empirical evidence regarding the effect of institutional ownership, company risk and advertising expenses on tax avoidance. This research was conducted on primary consumer goods sector companies listed on the Indonesia Stock Exchange during the 2018-2022 period. The data used in this study are secondary data. Sampling in this study was carried out using purposive sampling technique based on predetermined criteria, the research sample obtained the number of samples to be studied, which amounted to 17 companies with 5 years of observation, from the previous population of 113 companies. The panel data regression method is used as a research methodology in this study. Hypothesis testing was carried out using the 2th version of e-views. Based on the results of this study, it shows that simultaneously institutional ownership, company risk and advertising expense affect tax avoidance. then the results of this study also show that institutional ownership partially affects tax avoidance, company risk partially has no effect on tax avoidance and advertising expense partially has no effect on tax avoidance.

The Effect of Institutional Ownership on the Relationship between Managerial Overconfidence and Firm Performance of Egyptian Listed Company: An Empirical study

The Effect of Institutional Ownership on the Relationship between Managerial Overconfidence and Firm Performance of Egyptian Listed Company: An Empirical study

The Effect of Institutional Ownership, Independent Auditor Tenure, Audit Committee Tenure on Earnings Management in Palm Oil Plantation Companies Listed on the Indonesia Stock Exchange

The Effect of Institutional Ownership, Independent Auditor Tenure, Audit Committee Tenure on Earnings Management in Palm Oil Plantation Companies Listed on the Indonesia Stock Exchange

The EFFECT OF GROWTH OPPORTUNITY AND OTHER FACTORS ON ACCOUNTING CONSERVATISM

The purpose of this study is to obtain empirical evidence about the effect of institutional ownership, liquidity, growth opportunity, managerial ownership, leverage, and firm size as independent variables on accounting conservatism as the dependent variable. This research uses the market-to-book ratio to measure accounting conservatism. This research uses sample data from companies in the consumer cyclicals and consumer non-cyclicals listed on the Indonesia Stock Exchange (IDX) in 2019-2022. The sample selection in this study used purposive sampling method, resulting in 72 companies that met the criteria and were selected as sample data total 288 data. In testing the hypothesis, this study uses multiple regression method. The result of this study concluded that the independent variable leverage has a positive effect on accounting conservatism, while firm size has a negative effect on accounting conservatism. Meanwhile, the other independent variables institutional ownership, liquidity, growth opportunity and managerial ownership has no affect to accounting conservatism.

The Effect of Institutional Ownership, Leverage, and Company Growth on the Value of Companies with Financial Distress as an Intervening Variable

According to BPS and cnnindonesia.com, Indonesia's economic growth for the initial period of 2020 or quarter 1 was 2.97%, this makes Indonesia's economic growth conditions in 2020 the lowest in the last 20 years. IDX Statistics Report for 2022, the properties & real estate sector in the capital market index is negative and has the lowest ranking, namely -19.11%. This research aims to determine the effect of the GCG variable with a proxy for Institutional ownership, the Leverage variable with a Debt to Equity Ratio proxy, and the Company Growth variable with a sales growth proxy on Company Value with a Tobin's q proxy with Financial Distress as an intervening variable. The total sample for this research is the properties and real estate sector companies listed on the IDX in 2018 - 2022, totaling 40 issuers. The analysis method used is multiple linear regression, classical assumption test, F test, T test, GLM mediation test, using the Jamovi data processing tool. The research results of institutional ownership, DER and Sales Growth influence company value, institutional ownership and DER influence financial distress. Financial Distress is unable to mediate the relationship between Sales Growth and Company Value.

Good corporate governance improves banking financial performance

This study aims to determine (1) the effect of Institutional Ownership on the Financial Performance of Go Public Banks listed on the IDX, (2) the influence of the Independent Board of Commissioners on the Financial Performance of Go Public Banks listed on the IDX, (3) the influence of the Audit Committee on the Financial Performance of Go Public Banks listed on the IDX. The population of this study is all public banks listed on the Indonesia Stock Exchange for the 2018-2022 period, totaling 43 banks. Sample selection through purposive sampling method. There were 27 banking companies that met the criteria as a research sample so that the research data amounted to 135. The data analysis technique used is descriptive statistics. The results of this study show that Institutional Ownership has a positive and significant effect on Banking Financial Performance. The Board of Independent Commissioners has an insignificant positive effect on the Financial Performance of the Banks. The Audit Committee has an insignificant positive effect on Banking Financial Performance

The Effect of Institutional Ownership on Financial Performance With Intellectual Capital as A Moderating Variable

The Effect of Institutional Ownership on Financial Performance With Intellectual Capital as A Moderating Variable

PENGARUH TATA KELOLA PERUSAHAAN DAN FAKTOR LAINNYA TERHADAP INTEGRITAS LAPORAN KEUANGAN

By the end of 2022, there are 828 companies whose shares are officially listed and can be traded on the Indonesia Stock Exchange. Investors can find out the company's financial performance by analyzing the integrity of the financial statements. The purpose of this research is to obtain empirical evidence about the effect of institutional ownership, managerial ownership, audit committee, independent commissioner, industry-specialist accounting firm, audit tenure, leverage, and company size on the integrity of financial statements. The object of this research is energy, consumer cyclicals, and consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange with the period from 2020 to 2022. This research used a sample of 612 data from 204 companies. The sample selection method used is purposive sampling and used multiple regression in conducting data analysis. The results of this research indicate that institutional ownership and audit committee have a negative effect on report integrity, leverage has a positive effect on the integrity of financial statements, while managerial ownership, independent commissioners, industry-specialist accounting firm, audit tenure, and company size have no effect on the integrity of financial statements.

The Effect of Institutional Ownership, Independent Commissioners and Debt Policy on Financial Statement Integrity

There are still many reporting incidents carried out by many parties, making it difficult for investors to make decisions because the integrity of financial reports cannot be trusted. The purpose of this study is to disentangle the partially and simultaneously impacts of institutional ownership, independent commissioners, and debt policy on the reliability of financial statements. This article's secondary data came from the Indonesia Stock Exchange. The population in the study for the years 2017-2021, the sample comprises of 20 coal-focused mining companies trading on the Indonesia Stock Exchange. The study sample was selected by a process of purposive sampling. In this study, the data was analyzed using panel data regression analysis in Eviews 12. The results suggest that independent commissioners, institutional ownership, and debt policy all play significant roles in determining the reliability of financial reporting. Institutional Ownership and Debt Policy partially have a significant effect on the Integrity of the Financial Statements, while the Independent Commissioner does not affect the Integrit y of the Financial Statements. Considering that the adjusted R square rate value is only 0.65 percent and the rest is caused by other variables that may have a greater influence on the application of accounting conservatism, researchers are advised to test other variables that have a greater influence on accounting conservatism, either directly or through use of different proxies such as caution. Management should re-evaluate the role of independent commissioners in managing corporate governance if they want to increase the reliability of financial reports.

The Effect of Institutional Ownership, Sales Growth, Firm Size on Tax Avoidance with Corporate Social Responsibility as a Moderating Variable

Tax avoidance practices are one of the causes of reduced tax revenue from predetermined projections. This study examines whether companies in Indonesia will engage in tax avoidance practices when they start implementing CSR. Thus, this study aims to describe the magnitude of the influence of institutional ownership, sales growth, company size in the trade, services, and investment sectors of companies listed on the Indonesia Stock Exchange on corporate tax avoidance by adding corporate social responsibility as a moderate variable. The sample of this study was selected based on predetermined criteria. The purposive sampling method was used to obtain 31 companies in the trade, services and investment sectors listed on the Indonesia Stock Exchange for 2017-2021. Data from the company's financial and annual statements are then analyzed using Eviews software. The findings revealed that institutional ownership and firm size positively influence tax avoidance; However, sales growth negatively impacts tax avoidance. Corporate social responsibility disclosures can moderate and weaken the effect of sales growth on tax avoidance. However, it strengthens the link between institutional ownership and company size on tax avoidance. The implication is that there needs to be stricter regulatory action and attention to transparency and good tax reporting in order to achieve fairer and more sustainable taxation.

The Effect of Board of Gender Diversity and Institutional Ownership on Tax Aggressivity with Audit Quality as A Moderation Variable

The aims of this research are 1) to find out whether there is a negative effect between board gender diversity on tax aggression; 2) to find out whether there is a positive effect between institutional ownership on tax aggression; 3) to find out whether there is board gender diversity effect on tax aggression with audit quality as a moderating variable; and 4) to determine whether there is an effect of institutional ownership on tax aggression with audit quality as a moderating variable. The research approach used in this study is quantitative. The sample in this study was 17 mining companies. The method in this study is Moderated Regression Analysis (MRA). The results of this study show that board gender diversity and institutional ownership harm tax aggressiveness. Moderation variable test results, audit quality is not able to moderate the relationship between board gender diversity on tax aggressiveness and institutional ownership on tax aggressiveness.

Institutional Ownership Effect on Company Values with CSR and DER as An Intervening Variable

This study aims to examine whether institutional ownership has an effect on firm value with debt policies and corporate social responsibility as intervening variables in automotive sub-sector manufacturing companies and their components listed on the Indonesia Stock Exchange for the 2015-2021 period. In this study, institutional ownership is measured by INST, firm value is measured by price to book value (PBV), debt policy is measured by debt to equity ratio, corporate social responsibility is measured by CSRDI index. The population used in this study is the automotive sub-sector manufacturing companies and their components listed on the Indonesia Stock Exchange for the 2015-2021 period. The sample of this study amounted to 12 companies from a total population of 84 companies. Sampling using purposive sampling method. The data analysis tool used in this research is path analysis using smartpls3 software.
 The results of this study indicate that: (1) Institutional ownership has a significant positive effect on debt policy. (2) Institutional ownership has no significant positive effect on corporate social responsibility. (3) Institutional ownership has no significant positive effect on firm value. (4) Debt policy has a significant negative effect on firm value. (5) Corporate social responsibility has a significant positive effect on firm value. (6) Debt policy cannot mediate institutional ownership on firm value. (7) Corporate social responsibility cannot mediate institutional ownership on firm value.

Kepemilikan Institusional dan Perencanaan Pajak terhadap Manajemen Laba

One of the methods used to obtain maximum profit is to practice earnings management. The company's way of dealing with earnings management practices is by doing tax planning where the company minimizes the cost of paying taxes so that the profits obtained by the company increase. That way, the role and existence of institutional ownership to oversee fraudulent actions that exist within the company can suppress the occurrence of earnings management practices carried out by management. this study aims to determine and examine: (1) The effect of institutional ownership on earnings management in the Properties & Real Estate sector companies listed on the Indonesia Stock Exchange in 2018-2021, (2) The effect of tax planning on earnings management in companies Properties & Real Estate sector listed on the Indonesia Stock Exchange in 2018-2021. The data in this study uses secondary data obtained from the annual financial reports of companies in the Properties & Real Estate sector companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2021 period. This type of research is descriptive quantitative using a purposive sampling method with a sample of 40 companies which mere processed using the Stata 14.2 program. Based on the results of hypothesis testing, it was concluded that the independent variables of institutional ownership and tax planning had no significant effect on earnings management. However, simultaneously the independent variables of institutional ownership and tax planning have a significant effect on earnings management.

The Effect of Good Corporate Governance on Capital Structure With Company Size As A Moderating Variable

The purpose of this study is to obtain empirical evidence on the effects of institutional ownership, managerial ownership, and board size on capital structure by considering firm size as a moderating variable. The research is conducted through the website www.idx.co.id, during the period 2018-2021 he surveyed 23 companies in the real estate and real estate sector listed on IDX, the research period is his four years. Aggregated data is used by 92 companies that process data using Eviews. Research has shown that management ownership and board size have a positive impact on capital structure. Firm size can relax the relationship between institutional and managerial ownership in the capital structure. Institutional ownership does not affect the capital structure. The study also found that firm size does not mitigate the impact of board size on capital structure. The number of directors' meetings in this study had no effect so this could have happened because during a board of directors' meeting they could not be responsible for determining whether management had fulfilled its responsibilities and exercised control. especially in minimizing the use of debt in the capital structure and governance control of property and real estate companies.

Monitor or manipulator? The effect of institutional ownership on market manipulation

Employing a sample of suspected stock manipulation cases based on intraday data, we find that higher institutional ownership is associated with a lower frequency of market manipulation, supporting the monitoring effect of institutional investors. This effect persists even when we instrument index reconstitutions as an exogenous determinant of institutional ownership. Further, our findings indicate that this effect is driven by reduced information asymmetries resulting from the oversight of institutional investors. Moreover, the empirical evidence suggests that the monitoring effects are more pronounced for long-term institutional investors and concentrated institutional investors.

KEPEMILIKAN INSTITUSIONAL, LEVERAGE DAN FAKTOR LAINNYA TERHADAP MANAJEMEN LABA

The aim of this study is to obtain empirical evidence about the effect of institutional ownership, composition of independent commissioners, composition of board of directors, audit committee, audit quality, size of the company, leverage, and profitability toward earnings management. This study used a sample of manufacturing companies that listed in Indonesia Stock Exchange (IDX) for three years, 2019 to 2021. The number of sample which collected with purposive sampling method is 74 companies with 218 data as a total. The study uses multiple regression method to examine the effect of independent variables on the dependent variable earnings management. The result of this study indicates that composition of independent commissioners and composition of board of directors have negative effect on earnings management, meanwhile leverage and profitability have positive effect on earnings management. On the other hand, other independent variables such as institutional ownership, audit committee, audit quality, and size of the company have no effect on earnings management.

Impact of institutional ownership on environmental disclosure in Indonesian companies

PurposeThis study aims to investigate the effect of the classification of origin country of institutional shareholder (domestic, developed and developing country) and its status on stock exchange (listed and unlisted) on environmental disclosure level in Indonesian companies.Design/methodology/approachThe data set comprises 474 non-financial firms listed in Indonesian Stock Exchange (IDX) for the period of 2017 to 2019. The study uses an environmental disclosure checklist to measure the extent of environmental disclosure in companies’ reports. Panel regression analysis technique is adopted to investigate the association between total percentage of shares held by institutional shareholders based on the classification of origin country and the status in stock exchange, and the extent of environmental disclosure.FindingsThe study reveals that the extent of environmental disclosure is positively and significantly associated with institutional investors from domestic, developed countries, listed and unlisted institutional investors. Further analysis shows interesting results that institutions from developing countries have a negative and significant relationship with environmental disclosure in non-sensitive industries.Research limitations/implicationsThe authors recognize the issue of authors’ subjectivity in the measurement process of environmental disclosure. The sample for this study encompasses Indonesian listed firms. Thus, the results may not be generalized to Indonesian unlisted firms and other countries or regions.Practical implicationsThis study suggests managers to engage more with institutional shareholders because they have greater concern for environmental disclosure practices. The current study also suggests managers to make strong environmental policies as they are important to ensure that institutional shareholders’ investments are safe.Social implicationsGiven the positive impact institutional shareholders have on the level of environmental disclosure, it indirectly indicates that institutional shareholders have a strong motivation to make the world a better place.Originality/valueThis study offers in-depth insights into the effect of institutional ownership on environmental disclosure based on the classification of origin country and listing status of institutional investors.

The Effect of Institutional Ownership, Leverage, and Liquidity on Tax Avoidance with Company Size as a Moderating Variable

This research aims to provide empirical evidence on the influence of institutional ownership, leverage, and liquidity on tax avoidance with company size as a moderating variable. The sampling method used was simple random sampling, resulting in 132 sample data. The data analysis techniques used were multiple linear regression analysis and Moderated Regression Analysis (MRA). The results of this study indicate that institutional ownership, leverage, and liquidity do not have a significant impact on tax avoidance. Company size as a moderating variable strengthens the relationship between institutional ownership and leverage with tax avoidance. Meanwhile, the company size variable as a moderating variable weakens the relationship between liquidity and tax avoidance. This research considers the effectiveness of company size involvement as a moderating factor in the influence of institutional ownership, leverage, and liquidity on tax avoidance in property and real estate companies.

Pengaruh Corporate Governance dan Financial Distress terhadap Agresivitas Pajak (Studi Empiris pada Perusahaan Manufaktur yang terhdaftar di Bursa Efek Indonesia Tahun 2016-2020)

Tax aggressiveness refers to the company's efforts to reduce its tax burden through tax planning, both through legal (tax avoidance) and illegal (tax evasion) methods. This tax aggressiveness is one of the causes of delays in state tax receipts. Therefore, for the government this action can cause considerable losses, because taxation is one of the highest sources of national income. This study was conducted with the aim of knowing the effect of institutional ownership, managerial ownership, audit quality, and financial distress on tax aggressiveness using the effective tax rate (ETR) proxy. The population in this study are manufacturing companies in the Consumer Goods Industry sector listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period. The sampling technique used in this study was purposive sampling and 24 companies were obtained with a five-year period so that the number of samples in this study was 120 samples. This study uses panel data analysis method using Eviews 12 software. The findings of this study show that institutional ownership, managerial ownership, and audit quality have no effect on tax aggressiveness, while financial distress has a negative effect on tax aggressiveness.