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"As air quality has deteriorated, corporate environmental information disclosure (EID) has received extensive attention. We examine how air quality and institutional investors affect corporate EID under China’s New Environmental Protection Law (NEPL). We show that air quality’s effect on EID depends on institutional investors’ supervision and the legal environment. We demonstrate a negative relationship between air quality and EID and a positive relationship between corporate EID and firm value, based on which we explore the driving force to promote corporate EID. The difference-in-differences method indicates that firms in more polluted areas have a higher EID after NEPL implementation than those in less polluted areas. Additionally, the moderation effect model shows that after NEPL implementation, institutional investors can alleviate the negative relationship between air quality and corporate EID, emphasizing the importance of legislation. Our study contributes to ongoing research on methods promoting EID initiatives as air quality deterioration continues."

"Anne Lafarre combines wide ranging empirical legal and economic research to analyse and understand the real role of the AGM in the European businesses and corporate governance frameworks today."

"ABSTRACTPenelitian ini bertujuan untuk meneliti dan membandingkanfaktor-faktor yang mempengaruhi kompensasi CEO pada perusahaan keluarga dan non keluarga. Penelitian ini juga bertujuan untuk mengetahui bagaimana komposisi dari total kompensasi yang diterima oleh para CEO perusahaan keluarga dan non keluarga. Objek penelitian adalah perusahaan keluarga dan non keluarga yang terdaftar di BursaEfek Indonesia selama 2011-2012, selain industri keuangan. Data diolah menggunakan metode regresi data panel. Hasil penelitian menunjukkan bahwa jumlah kompensasi CEO pada perusahaan keluarga dipengaruhi oleh jumlah kepemilikan saham CEO dan risiko sistematik baik diperusahaan keluarga maupun non keluarga. Hasil penelitian juga menunjukkan bahwa kepemilikan saham keluarga, investor institusi, dan CEO keluarga secara statistik tidak berpengaruh terhadap kompensasi CEO.

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ABSTRACTThis study aims to examine and compare the factors that affect CEO compensation in family and non-family firms. This study also aims to determine how the composition of total compensation received by the CEO of the company of family and non-family. This  research uses family non-family companies listed in the Indonesia Stock Exchange during 2011-2012, excluding companies in financial sector. The results showed that the amount of CEO compensation in family firms is influenced by the number of CEO stock ownership and systematic risk both in family and non-family companies. The results also showed that families share ownership, institutional investors, and CEO of the family do not have any significant association with CEO compensation."

"Tujuan dari penelitian ini adalah untuk mengetahui pengaruh antara insiders ownership, institutional investors, insiders and institutional dispersion, firm growth, firm size, asset structure, firm profitability dan tax rate terhadap kebijakan hutang. Penelitian ini dilakukan terhadap 21 perusahaan yang terdaftar di Bursa Efek Jakarta pada tahun 2001 hingga 2003.Metode penelitian yang digunakan yaitu metode regresi linier berganda yang menguji apakah variabel - variabel independen mempunyai pengaruh terhadap variabel dependen. Variabel independen yang digunakan yaitu insiders ownership, institutional investors, insiders and institutional dispersion, firm growth, firm size, asset structure, firm profitability dan tax rate, sedangkan variabel dependen yang digunakan adalah kebijakan hutang.Setelah melalui serangkaian pengujian asumsi klasik multikolinieritas, heteroskedastisitas dan autokorelasi, ternyata tidak ditemukan asumsi yang tidak memenuhi pengujian asumsi klasik. Dengan demikian dalam penelitian ini tetap difokuskan pada variabel insiders ownership, institutional investors, insiders and institutional dispersion, firm growth, firm size, asset structure, firm profitability dan tar rate terhadap kebijakan hutang.Setelah melalui pengujian hipotesa dengan uji t-test maka didapatkan bahwa insiders and institutional dispersion, firm size dan asset structure berpengaruh positif dan signifikan terhadap kebijakan utang sedangkan firm profitability berpengaruh negatif dan signifikan terhadap kebijakan utang, insiders ownership dan tax rate berpengaruh positif dan tidak signifikan terhadap kebijakan utang, institutional investors dan firm growth berpengaruh negatif dan tidak signifikan dengan kebijakan utang. Berdasarkan hasil uji keseluruhan variabel independen terhadap variabel dependen (uji-F) menunjukkan adanya pengaruh dan signifikan terhadap kebijakan utang. Hal ini mendukung penelitian sebelumnya yang telah dilakukan oleh Mohd, et al, Titman dan Wessel (1988) dan Jensen, el al. (1992).

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The purpose of this study is to examine the influence of insider ownership, institutional investors, insiders and institutional dispersion, firm growth, firm size, asset structure, firm profitability and tax rate on debt policy. This study was conducted in 21 firms listed in Jakarta Stock Exchange in 2000 - 2003.

Hypothesis testing is used to examine the significance or insignificance of independent variables influence on the dependent variable. The independent variable use in this study are insiders ownership, institutional investors, insiders and institutional dispersion, firm growth, firm size, asset structure, firm profitability and tar rate while the dependent one is debt policy.

Classical assumption test shows that there is no multicollinearity, autocorrelation and heteroscedastisity among those independent variables in the regression model.

Through the t-test hypothesis testing, we have results, which proved that insiders and institutional dispersion, firm size, asset structure have positive and significant influence on debt policy, firm profitability influence debt policy negatively and significantly on debt policy, insiders ownership and tax rate influence debt policy positively and insignificantly on debt policy while institutional investors and firm growth influence debt policy negatively and insignificantly on debt policy. Based on the result testing independent variables on dependent variable (F-test) indicates that there is significant influence on debt policy. This finding support the previous studies held by Mohd, et al. (1998), Titman and Wessel (1988) and Jensen, et al. (1992)."