Hasil Pencarian  ::  Simpan CSV :: Kembali

"Penelitian ini dilakukan terhadap dua puluh perusahaan go public yang melakukan akuisisi pada tahun 1993 dan 1994 dengan masa obyek penelitian kurun waktu waktu 1990 sampai dengan 1996 dan perusahaan yang diteliti adalah perusahaan induk saja (perusahaan yang melakukan akuisisi ). Data yang diperolch dianalisa dengan analisis uji beda dua rata-rata dan pengujian dilakukan dengan perangkat software Microstat Copyright 1984 by Ecosoft Incorporated pada taraf signifikasi 1 %, 5 %, dan 10 %. Dalam penelitian ini penulis membahas dampak perusahaan yang melakukan akuisisi terhadap kinerja keuangan yuitu dampak akuisisi terhadap rata-rata return saham setelah akuisisi dibandingkan dengan sebe1um akuisisi, dampak akuisisi terhadap rata-rata R01 dan ROE sebelum akuisisi dibanding dengan sesudah akuisisi. serta rata-rata R01 dan ROE sesudah akuisisi dengan perusahaan pesaingnya. Tujuan penelitian ini adalah untuk mengetahui perbedaan return saham sebelum akuisisi dengan sesudah akuisisi, perbedaan profitability sebelum dan sesudah akuisisi dan profitability sesudah akuisisi dengan pesaingnya. Hasil penelitian menunjukkan bahwa secara umum dampak akuisisi terhadap kinerja keuangan dari dua puluh perusahaan yang diteliti menunjukkan bahwa bila ditinjau dari sudut return saham dan profitability, dengan akuisisi belum dapat meningkatkan nilai bagi share holder dan manajemen bahkan secara keseluruhan profitability perusahaan setelah akuisisi lebih buruk daripada profitability sebelum akuisisi."

"Tujuan dari penelitian ini adalah untuk melihat hubungan antara penjualan dan pendapatan terhadap kinerja keuangan perusahaan, serta melihat pola hubungan antar variabel tersebut dengan tahun penelitian yang berbeda.Data yang digunakan pada penelitian ini diperoleh dari software 7SXCIFTA serta data-data keuangan pada kantor Pusat Data Pasar Modal (PDPM) dari penasahaanperusahaan manufaktur selama periode tahun 2000 hingga 2003 dengan jumlah observasi sebanyak 160.Faktor interaksi digunakan sebagai variabel babas untuk menghasilkan model regresi linier yang terlengkap.Hasil penelitian ini menunjukkan bahwa terdapat hubungan yang negatif dan signifikan antara variabel penjualan dan faktor interaksi dan variabel penjualan dan variabel pendapatan terhadap variabel kinerja keuangan perusahaan (yang diproxy-kan dengan EVA), namun terdapat hubungan yang positif dan signifikan antara variabel pendapatan terhadap variabel kinerja keuangan perusahaan. Sedangkan pola hubungan antar tahun penelitian dapat dikatakan hampir sama.

---

This thesis has two purposes, first is to see the relationship between sales and earnings to company's financial performance. Second is to look the pattern of relationship between sales and earnings to company's financial performance.

Using data from software JSXCIFTA and others related data in Pusat Data Pasar Modal (PDPM) office, this research taking 160 observations, consists of 40 manufactures go public companies as research sample in time period year 2000 until 2003.

Interaction factor have been used as independent variable in order to make the regression model be the most complete model.

The result shows that there is negative and significant relationship between sales and the interaction factor of sales and earnings to company's financial performance but the relationship between earnings to company's financial performance shows positive and significant relationship. Also show the same pattern as the result of each year analysis in 4 years (2000-2003)."

"Financial Distress is a common condition which can occur in small or large companies. Companies who have a significant amount of debt are usually easier to get financial distress than companies who have small amount of debt. Nevertheless, financial distress does not always impact a liquidation of a company. Companies experiencing with financial distress alter struggled with some altemative solution such as with debt restructuring and management rearrangement, finally can restore to the health condition.Limitation of financial distress related with insolvency. Edward Altman on his book: ?Corporate Financial Distress: A Complete Guide to Predicting, Avoiding and Dealing with Bankruptcy" said that there are two definitions of insolvency namely stock-based insolvency and flow based insolvency. Stock-based insolvency occurs when company?s equity reach negative balance, in other word, his assets value gets lower balance than his liability. Flow-based insolvency occurs when cash flow from operation is not enough to cover his current liabilities. Flow based insolvency tend to the inability of a company to pay his current liabilities in due course.The main topic of this final paper is for knowing how the investment retum phenomenon of companies who experiencing with financial distress in Indonesia with regards to the available risks inside. This final paper is a further analyst ofa research done by DR. Suroso which has been published at Usahawan Magazine in Febmary 2006 edition. ln his research, Soeroso analyzed how is the retum of investment in companies who have been troubled with his financial position in term 2000- 2004.By using available financial data and stock prices, author try to classily companies based on how long they have been experiencing negative equity compare with the ?buy-hold period? done by investors. Companies being observed are those who have been experiencing negative equity from 2000 to 2005. Meanwhile stock prices being observed are starting from 1999 until 2006. Assumption of buy-hold period done by investors are classified in terms of 3, 6, 12, I8 and 24 months.As a final result ofthis research, can be summarized that investment return will be higher inline with buy-hold period done by investors. Exceptions occur for specific years where the longer buy-hold period is not inline with the return. Besides, take into account that probability of loss from an investor will be higher inline with the investment period."

"Penelitian ini bertujuan untuk mengetahui dampak perbedaan karakter CSR Inti dan CSR Umum terhadap kinerja keuangan masa datang perusahaan dan agresivitas pelaporan perusahaan dalam bentuk manajemen laba dan penghindaran pajak agresif. Termasuk didalamnya efek moderasi aktivitas agresif pelaporan terhadap kinerja keuangan masa datang perusahaan. Digunakan 1.214 data observasi dalam kurun waktu 2013-2014 dari perusahaan publik pada dua negara ASEAN, Indonesia dan Malaysia. Pengukuran skor CSR menggunakan koding Clarkson modifikasi yang dikembangan dari koding Clarkson (2008).Hasil analisis memperlihatkan terjadi peningkatan pengungkapan CSR selama dua tahun pengamatan. Tingkat pengungkapan CSR di Indonesia lebih tinggi dibandingkan di Malaysia. Perusahaan di kedua negara lebih rendah mengungkapkan CSR Inti ketimbang CSR Umum. Perusahaan Malaysia lebih detil dalam mengungkapkan isu sosial sementara perusahaan Indonesia lebih detil dalam mengungkapkan isu lingkungan hidup. Tingkat pengungkapan biaya pengeluaran CSR lebih rendah di Malaysia ketimbang di Indonesia. Karakter CSR Inti memiliki sifat keunggulan kompetitif yang mampu memberikan kontribusi positif terhadap kinerja keuangan masa datang perusahaan, baik berbasis pasar maupun akuntansi. Hal ini dibuktikan dengan bukti CSR Inti juga memiliki muatan etis yang mampu mengurangi pengaruh negatif aktivitas agresif manajemen laba dan agresivitas perusahaan. Pengaruh CSR Umum terhadap kinerja keuangan perusahaan adalah positif. Namun demikian ditenggarai bersifat pencitraan dan kamuflase. Hal ini dibuktikan dengan adanya pengaruh positif terhadap aktivitas agresivitas pelaporan manajemen laba dan penghindaran pajak agresif. Penelitian ini juga membuktikan terdapat ambiguitas pemangku kepentingan terhadap CSR sehingga tercipta efek Halo yang mengaburkan muatan pencitraan/kamuflase CSR Umum di kedua negara.

---

This study aims to determine the impact of different CSR characters: Core CSR and Generic CSR on the company's future financial performance, the aggressiveness of the reporting companies in the form of earnings management and aggressive tax avoidance. Research also want to see CSR role in moderating the negative effects of corporate reporting aggressive to the future financial performance of the company. There are 1,214 observation data for the period 2013-2014. Public companies from the two countries of ASEAN: Indonesia and Malaysia is used as sample. This study used content analysis approach for CSR score measurements. The source of CSR information is company's annual report. The coding used is Clarkson modification which is developed from Clarkson (2008) in this research. Estimation hypothesis testing was done with a panel data approach.The results show an increase in CSR disclosure during the two years of observation. CSR disclosure level in Indonesia is higher than in Malaysia. Companies in both countries have a lower CSR core`s disclosure in general. than the disclosure for CSR core. The Malaysian company is more detail in expressing social issues while the Indonesian company is more detail in disclosing environmental issues. Disclosure for CSR expenses in Malaysia is lower than in Indonesia. The research proves the character of CSR core possess the characterisic of competitive advantages that are able to contribute positively to the future financial performance of companies, both market-based and accounting. While CSR generic has imaging properties so that the positive effect on the company`s financial performance. CSR core also has a characteristic charge of ethic so that can reduce the negative effects of aggressive earnings management activity and tax aggressiveness of the company. While CSR generic has a proven camouflage trait hence give the positive effect on earnings management activity reporting aggressiveness and aggressive tax avoidance. Research shows there is an ambiguity of stakeholders on CSR so as to create Halo effect that blurs the charge imaging/camouflage General CSR."

"Penelitian ini bertujuan untuk menganalisis pengaruh kinerja keuangan perusahaan terhadap Eco-Innovation. Secara khusus, penelitian ini membahas kinerja keuangan perusahaan yang diproksikan dengan Return on Asset ROA , Return on Equity ROE , dan Earning Retention Ratio ERR yang dapat mempengaruhi perusahaan dalam mengambil keputusan mengenai EcoInnovation. Penelitian ini menggunakan total observasi sebanyak 155 firm years yang terdiri dari 31 perusahaan consumer goods yang terdaftar di Bursa Efek Indonesia selama periode 2011-2015. Dari total observasi ditemukan sebanyak 75 firm years melakukan Eco-Innovation dan 80 firm years tidak melakukan EcoInnovation. Metode pengujian yang digunakan adalah regresi Logit. Hasil dari penelitian ini adalah ROA memiliki pengaruh signifikan negatif terhadap EcoInnovation, ROE memiliki pengaruh signifikan positif terhadap Eco-Innovation, dan ERR tidak memiliki pengaruh terhadap Eco-Innovation.

---

This research examines the influence of Firm Financial Performance towards EcoInnovation. In particular, this research discusses firm financial performance which proxies by Return on Asset ROA, Return on Equity ROE, and Earning Retention Ratio ERR that could affect firms on make a decision about EcoInnovation. This research used 155 firm years from total observation that contains of 31 consumer goods companies listed in Indonesian Stock Exchange during the period 2011 2015. From the total observation was found that 75 firm years perform Eco Innovation and 80 firm years didn rsquo t perform Eco Innovation. The test was conducted by using logistic regression model. The results of this study are ROA has a significant and negative impact toward Eco Innovation, ROE has a significant positive impact on Eco Innovation, and ERR has no significant impact on Eco Innovation. "