Managerial Ownership Research Articles

The Effect of Investment Decisions on Financial Distress with Managerial Ownership as a Moderating Variable in Insurance Companies Listed on the IDX in 2017-2022

The Effect of Investment Decisions on Financial Distress with Managerial Ownership as a Moderating Variable in Insurance Companies Listed on the IDX in 2017-2022

The Influence of Good Corporate Governance and Profitability on Company Value on the Indonesian Stock Exchange

Rapid economic development requires companies to improve their performance to generate maximum profits and maintain survival. A company's main goal is to increase its value, which is attractive to investors, Managerial mistakes can lead to a decline in public trust, decreasing share values and company value. Good corporate governance (GCG) increases company value by encouraging clean, transparent, professional, and responsible management. The aims of this study are to examine the effect of good corporate governance represented by management ownership, independent board of commissioners, and profitability represented by return on asset (ROA) on firm value in the transportation and logistics company listed on the Indonesia Stock Exchange from 20212022. The analysis technique used in this research is multiple linear regression analysis. The population used in this study were all companies in the transportation and logistics company listed on the Indonesia Stock Exchange. The sample in this study were all companies that survived during the 2021 to 2022 consisting of 16 companies (that met the criteria. The sampling technique used in this study is the purposive sampling method. The results of this study indicate that (1) management ownership has a significant effect on firm value, (2) the independent board of commissioners has a significant effect on firm value. (3) return on assets has a significant effect on firm value. Keywords: firm value, good corporate governance, independent board of commissioners, management ownership, return on assets.

Punishment or deterrence? Environmental justice construction and corporate equity financing––Evidence from environmental courts

In this study, we explore the impact of the establishment of environmental courts, an environmental justice system, on the cost of equity capital. Based on a quasi-natural experiment of establishing environmental courts in China, we find that they have a deterrent effect and reduce the cost of equity capital for heavily polluting firms in localities. We also find that a low proportion of managerial ownership, a low level of analyst attention, and high environmental uncertainty induce this deterrent effect. Furthermore, mechanism tests indicate that environmental courts enhance corporate environmental engagement and corporate ESG ratings, increase long-term institutional investor ownership, and reduce urban environmental violations to achieve a deterrent effect. The findings are more pronounced for the trial court sample, firms in cities with lower public participation in environmental protection, and firms with lower environmental information transparency. We also suggest the impacts and underlying mechanisms of the environmental justice system on the equity capital market, which is conducive to long-term planning by firm managers.

Pengaruh Profitabilitas Dan Kepemilikan Manajerial Terhadap Kebijakan Dividen Dengan Ukuran Perusahaan Sebagai Variabel Moderasi

This research aims to analyze the influence of profitability and managerial ownership on dividend policy, with company size as a moderating variable. Research was conducted on banking sector companies on the IDX for the 2018-2021 period. The sample was determined using a purposive sampling technique, with the sample in this study totaling 32. The results of the study concluded that profitability has a positive influence on dividend policy, while managerial ownership has a negative influence on dividend policy. Company size is proven to moderate the relationship between profitability and dividend policy, as well as weakening the relationship between managerial ownership and dividend policy. 

The Influence of Internal Factors on Going Concern Audit Opinions: Study of Industrial Companies on the Indonesia Stock Exchangee

This research discusses the influence of independent commissioners, managerial ownership, and audit quality on accepting going-concern audit opinions. This research aims to determine the impact of independent commissioners, managerial ownership, and audit quality on the acceptance of going-concern audit opinions. The method used in this research is quantitative, and the data used is secondary data. The sampling technique was carried out using purposive sampling by considering specific criteria determined by the researcher. The population used in this research is industrial companies listed on the Indonesia Stock Exchange for the 2018-2022 period, data processing uses e-views 12 version. Based on the research results, it can be concluded that independent commissioner and managerial ownership variables influence the acceptance of going concern audit opinions. Meanwhile, audit quality does not affect the acceptance of going-concern audit opinions.

Pengaruh Leverage dan Faktor lainnya terhadap Kesulitan Keuangan yang dimoderasi Kepemilikan Manajerial

The aim of this research is to provide empirical evidence regarding the influence of leverage, liquidity, operating capacity, debt to asset ratio, return on asset, and gender diversity as independent variables, as well as variables moderated by managerial ownership (leverage, liquidity, and operating capacity) on financial distress. This research uses samples from all companies in the consumer cyclicals and non-cyclicals sectors listed on the Indonesia Stock Exchange (IDX) during 2019 to 2022. The sample selection used a purposive sampling method with a total of 64 companies, resulting in 256 data. The result of this research show that leverage, liquidity, operating capacity, debt to asset ratio, and gender diversity do not have a significant impact on financial distress. However, the return on asset variable has a positive effect on financial distress. Another finding is that managerial ownership cannot moderate the relationship between leverage, liquidity, and operating capacity with financial distress.

Beyond the bottom line: exploring the role of governance mechanisms in promoting corporate tax responsibility

PurposeBecause of growing corporate tax scandals, there is an enhanced focus on corporate taxation by governments, institutions and the general public. Transparency in tax matters has been identified as critical for effectively managing and promoting socially responsible tax behaviour. This study aims to explore the impact of ownership structure, board and audit committee characteristics on corporate tax responsibility (CTR) disclosure.Design/methodology/approachThis research collected data from the annual reports of Pakistani-listed firms over 12 years, from 2009 to 2020. Consequently, the data set encompasses a total of 1,800 firm-year observations. This study uses regression analysis to test the relationship between corporate governance and CTR disclosure.FindingsThe results show that board gender diversity, managerial ownership and audit committee independence promote tax responsibility disclosure. In contrast, family board membership, CEO duality, foreign ownership and family ownership negatively impact tax responsibility disclosure. Additional analyses reveal the specific information categories that produce the overall effects on tax responsibility disclosure and assess the moderating impact of family firms on the governance and CTR disclosure nexus.Practical implicationsCorporations can use the results to encourage practices that enhance transparency and improve the quality of disclosures. Regulatory authorities can use the findings to stipulate better protocols. Doing so will be vital for developing countries such as Pakistan to improve tax revenue and cultivate economic growth.Originality/valueWhile this research represents, to the best of the authors’ knowledge, one of the first empirical investigations of the association between corporate governance and CTR, the results contribute to the corporate governance literature and offer fresh insights into CTR, an emerging dimension of corporate social responsibility.

The HIV Services’ Milestone in Niger State: The Perception of the Frontline Providers

Introduction: On 1<sup>st</sup> December 2021, the Director General WHO during the world AIDS’s day opening remark stated that, “the global HIV epidemic has fainted from the headlines, but it is not over, far from it”. Nigerian is among the countries that have the highest HIV infection burden, and more HIV babies than anywhere in the world. Objective: The study was embarked upon to understand the perception of the HIV service providers who are in the frontline, on the difficulties being encountered in the course of duty. Method: Qualitative Data was obtained from selected HIV service providers, who were rich in experience across the state, through in-depth interviews (IDI), focus group discussions (FGD), and a non-participant observation with checklist. Saturation was reached, coding was done manually and automatic with NVivo 14, and thematic analytic method used to get a good induction from the data. Results: Among the difficulties being encountered by the HIV service providers from the study were burnt out, staff shortage, training deficiency, secondary stigmatization, and poor remuneration; similarly, lack of incentives, inability to follow-up, language, and religion barriers. Insecurity, the diminished awareness on HIV prevention, frequent change of implementing partners and lack of political will by policy makers were other identified challenges of the HIV services in the state. Conclusion: All relevant stakeholders need to work together towards reducing the difficulties highlighted by the providers toward the HIV eradication strategy. Government should take full possession and ownership of HIV management in Niger state, and the country.

PENGARUH KEPEMILIKAN INSTITUSIONAL, KEPEMILIKAN MANAJERIAL DAN INTENSITAS MODAL TERHADAP KONSERVATISME AKUNTANSI (Studi Empiris pada Perusahaan Properties & Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2017 – 2022)

This study aims to provide empirical evidence of the influence of Institutional Ownership, Managerial Ownership, and Capital Intensity on Accounting Conservatism. This research uses a quantitative approach and the data used is secondary data. The population in this research is properties & real estate companies listed on the Indonesia Stock Exchange for the 2017-2022 period. The method for determining the sample uses purposive sampling. A sample of 7 companies was obtained over a 6 year period. The data analysis technique used is multiple linear regression analysis. The results of the F test show that simultaneously Institutional Ownership, Managerial Ownership and Capital Intensity have a significant effect on Accounting Conservatism. The results of the t test show that Managerial Ownership partially has no effect on Accounting Conservatism, but Institutional Ownership partially has a significant negative effect and Capital Intensity partially has a significant positive effect on Accounting Conservatism.

Green Accounting, Corporate Governance and Firm Value in Southeast Asia Region

Objective –This study is to investigate the relationship between green accounting, managerial ownership, institutional ownership, independent commissioners and audit committees on firm value of mining companies in Southeast Asia region including Indonesia, Malaysia, Thailand, the Philippines and Vietnam.Design/Methodology –The method used is OLS with 500 samples of mining company observation data in the Southeast Asia for the 2016-2020 periods. GMM estimation is to address the potential endogeneity of the multiple variables used in the estimation, unobserved heterogeneity, and autocorrelation, which cannot be resolved with a fixed effect.Results –This study found that institutional ownership has positive significant effect on the firm value. Independent commissioners and audit committees have negative significant relationship with firm value of mining companies in the Southeast Asia, while green accounting and managerial ownership have no effect on the firm value.Research Limitations/Implications –There is no availability of data to access company’s annual reports from several countries and the annual reports of several countries are not made in English, educational background and social relations are not considered in measuring the independent board of commissioners and the audit committee. The results of this study can be used by company management in providing information about the percentage required for institutional ownership as a consideration in making decisions to increase company value.Novelty/Originality –The researcher's knowledge, this is the first research to investigate green accounting on firm value in mining company in the Southeast Asia region which is included in emerging markets.

The Influence Of Managerial Ownership, Company Growth And Profitability On Dividend Policy In Lq45 Companies 2019-2021

Dividend policy is a decision about how much of current earnings will be paid out as dividends rather than retained earnings which will then be reinvested in the company. dividend policy can be measured through the dividend payout ratio (DPR). The ratio shows the percentage of the company's earnings that are paid out to shareholders in cash. Companies that have a high DPR and increase from year to year can provide positive signals to investors, because dividend announcements can be used as information by shareholders regarding company performance. This study aims to determine the effect of managerial ownership, company growth, profitability on dividend policy in LQ45 companies 2019-2021. This research is quantitative research. The data used is also secondary data taken from the official website of the Indonesia Stock Exchange in the form of financial reports of LQ45 companies listed on the IDX. Based on the results of data analysis and discussion of the effect of Managerial Ownership, Company Growth, and Profitability on Dividend Policy in LQ45 companies 2019 - 2021, it can be concluded. The managerial ownership variable has no effect on dividend policy as proxied by the dividend payout ratio. The company growth variable affects the dividend policy proxied by the dividend payout ratio. This indicates that any increase or decrease in total assets during the observation period affects the dividend to be distributed to shareholders. The profitability variable has no effect on dividend policy proxied by the dividend payout ratio

Peran Kepemilikan Manajerial dalam Memoderasi Pengaruh Profitabilitas, Leverage, dan Ukuran Perusahaan Terhadap Manajemen Laba

This study is intended to measure the effect of profitability, leverage, and company size impact profit management with managerial ownership in the role of a moderating variable. This study is categorized as quantitative research. The study’s target population on within the sector of mining, which were listed on the Indonesia Stock Exchange from 2019 to 2021. Employing purposive sampling, a sample comprising 30 companies that closely adhered to the criteria was selected, resulting in a dataset of 90 observations. The study relies on secondary data, specifically financial statements from mining sector firms listed on The IDX (Indonesian Stock Exchange), accesible via www.idx.co.id. The analysis of data was conducted through panel data regression analysis, and the processing task involved the utilization of Eviews software. The results revealed that earnings management is positively associated with profitability and negative associated with firm size, earnings management is not affected by leverage. And managerial ownership does not possess the capacity to moderate the relationship between profitability, leverage, and firm size with earnings management.

Corporate Governance and Voluntary Human Capital Disclosure of Quoted Deposit Money Banks in Nigeria

The study examines the factors influencing human capital disclosure in corporate reports of 14 Nigerian deposit money banks. The research used secondary data from annual reports from 2014 to 2023, and the logistics regression was used for data analysis. The results showed that managerial ownership positively affects human capital disclosure, leading to higher disclosure levels. This result aligns with previous studies showing a positive relationship between managerial ownership, institutional ownership, board financial expertise, board independence and human capital disclosure. The study concludes that managerial ownership is a viable corporate governance mechanism for improved voluntary disclosures. Signaling the market positively and encouraging executive directors to focus on long-term viability and product quality. The study suggests that board financial expertise positively impacts human capital disclosure (HCD), suggesting that understanding accounting principles and financial statements can improve board oversight and shareholder interests. It recommends companies to improve human capital disclosures in corporate reports, adopt robust methodologies, and encourage voluntary disclosure of value-added human resource activity.

TATA KELOLA PERUSAHAAN DAN KECURANGAN PELAPORAN KEUANGAN: STUDI KASUS INDUSTRI BARANG KONSUMEN DI BEI

This research aims to investigate the impact of corporate governance on financial reporting fraud in the consumer goods industry listed on the Indonesia Stock Exchange (IDX). The corporate governance variables considered include board independence, the presence of a remuneration committee, CEO financial expertise, the presence of a financially literate board, board effort coverage, and managerial ownership. The research sample consists of 69 companies in this industry during the period 2018-2022. The data analysis method used is panel regression. The results of panel regression tests using Eviews 12 and IBM SPSS Statistics 25 show that the presence of a remuneration committee has a significant positive impact on reducing financial reporting fraud. However, the board independence variable does not have a significant effect on financial reporting fraud. Similarly, other variables such as CEO financial expertise, board financial expertise, board effort coverage, and managerial ownership also do not have a significant influence. The implications of these findings are discussed in the context of improving corporate governance practices to mitigate the risk of financial reporting fraud.

Problems and tasks of improving land management system in the Republic of Kazakhstan

The article considers the sphere of land management in the Republic of Kazakhstan. The purpose of the study is to determine problems of land management system in the republic and the tasks of its improvement in the future. The research methodology included a desk method for collecting and analyzing data on the activities of land administration authorities. The problems were identified in the following three areas: legislative regulation of land use, management and control of state ownership of land, the process of digitalization of land management. As a result, it was found that the national land administration system does not fully meet the needs of the modern economy. In order to improve the land management system, it is proposed to solve the following tasks: to improve the quality of legal regulation; carry out a complete digitization of land; form an integrated electronic land management system; develop and implement the state program “Digital Land Management” until 2025. The results of the study contribute to the development of a new land management model in Kazakhstan, aimed at encouraging the national government to develop a new land management strategy, increasing the transparency of the management system as well as simplifying the process of administration in this area.

Analisis Faktor-Faktor Yang Mempengaruhi Harga Saham (Systematic Literature Review)

Shares are documents or securities that prove ownership of a company. Shares are one of the capital market assets that investors are most interested in. Given the many options available to them when allocating their capital, investors must consider the factors that will influence their careful calculations. Therefore, it is important to understand the variables that influence stock value better. The aim of this research is to find out what factors influence stock prices. The research method used a systematic literature review by obtaining 11 articles for review based on Sinta indexed articles from 2017-2023. The results obtained show that the factors that can influence stock prices are the rupiah exchange rate, trading volume, managerial ownership, profitability, company size, intangible assets, earnings per share, return on assets, debt to equity ratio, return on equity, book value per share, dividend per share, capital structure, company growth, financial leverage, dividend policy, these factors are obtained based on the results of a review of quantitative research which has been proven significantly

The Effect of Institusional Ownership, Managerial Ownership, Profitability and Audit Quality on Tax Agressivity

The purpose of this study is to analyze the causality relationship, which explains the independent variables consisting of institutional ownership, managerial ownership, profitability and audit quality against the dependent variable of tax aggressiveness. The data analysis of this research is quantitative analysis and uses Eviews software. EViews is software used for statistical analysis and econometrics. EViews allows users to process data, test hypotheses, and create statistical models for data analysis. EViews methods include the use of time series and cross-sectional data to perform regression analysis, multivariate analysis, causality testing, and data stationary testing. EViews can also be used to design, test, and estimate econometric models such as linear regression models, autoregressive models, and mobile autoregressive models. The results of this study show that the pattern of data that has been collected and the results of testing that has been carried out using Eviews 12 with the panel data regression analysis method show that first, institutional ownership has a negative and significant effect on tax aggressiveness. Second, managerial ownership has a significant negative effect on tax aggressiveness. Third, profitability has a significantly positive effect on tax aggressiveness. Fourth, audit quality has a significant negative effect on tax aggressiveness. Keywords: institutional ownership, managerial ownership, profitability and quality checks on tax aggressiveness

The Influence of Islamic Social Reporting, Managerial Ownership and Capital Structure on Firm Value

Increasing competition in the business world makes companies strive to increase the prosperity of shareholders. one of which can be done to increase the prosperity of shareholders by increasing the value of the company. The purpose of this study is to determine the effect of Islamic social reporting, managerial ownership and capital structure on firm value. This study uses secondary data with a population of 30 companies registered on the Jakarta Islamic Index (JII) for the 2016-2020 period. Sampling was carried out using a purposive sampling technique with nine companies that met the criteria in this study. Based on the results of the t (partial) test that the Islamic social reporting variable has a significant positive effect on firm value, the managerial ownership variable has a significant positive effect on firm value, the capital structure variable has an insignificant positive effect on firm value. Keywords: islamic social reporting, managerial ownership, capital structure, firm value

The Influence of Corporate Governance, Leverage and Environmental Performance on Firm Value (Case Study of Plantation Subsector Companies Listed on the Indonesia Stock Exchange 2014-2022)

The decline in company value amidst high demand for domestic palm oil is interesting to study. The research was conducted to determine the influence of the Independent Board of Commissioners, Managerial Ownership, Audit Committee, Leverage and Environmental Performance on Company Value as measured by Tobins'q with Company Size as a control variable. The object of the research is the agricultural plantation subsector listed on the Indonesia Stock Exchange (BEI) in 2014-2022. This research uses secondary data obtained from the IDX and company websites. Determining the sample using purposive sampling found 16 companies. Data analysis uses panel data regression using the Eviews 12 analysis tool. The research results partially show the influence of Managerial Ownership on Company Value. The Independent Board of Commissioners and Audit Committee do not influence Company Value. New findings on the Environmental Performance and Leverage variables have a negative effect on Company Value. Independent variables simultaneously influence Company Value.

Managerial Ownership as a Controller of Earnings Quality in Jakarta Islamic Index 70

Profit is declared quality if it is consistent, does not fluctuate, and can predict the following year's profit. Companies with low levels of profit fluctuation pose managerial challenges because various factors influence the rise and fall of profitability. This research aims to determine the effect of earning Management on Earning Quality with Managerial Ownership as a Moderating Variable in Jakarta Islamic Index 70 (JII70) Companies for the 2019-2021 Period. This research uses the Moderated Regression Analysis (MRA) method in the form of panel data with purposive sampling techniques. The sample used was 18 companies registered in JII70 for the 2019-2021 period. The analytical methods used include descriptive statistical tests, stationarity tests, panel data regression tests, coefficient of determination (R2), F tests, T tests, classical assumption tests, and MRA tests. The research results show that the Earnings Management variable has a negative and significant effect on Earnings Quality. and the Managerial Ownership variable can moderate the influence of Earnings Management on Earnings Quality.