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All Journal Jurnal Keuangan dan Perbankan Journal of Economics, Business, & Accountancy Ventura Gadjah Mada International Journal of Business Journal of Indonesian Economy and Business AKRUAL: Jurnal Akuntansi International Research Journal of Business Studies (E-Journal) Jurnal Organisasi Dan Manajemen Jurnal Akuntansi dan Bisnis The Indonesian Journal of Accounting Research AJAR (Asian Journal of Accounting Research) (e-Journal)
Sidharta Utama
Faculty Of Economics And Business, Universitas Indonesia, Indonesia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Do Financial Reporting Quality and Corporate Governance Have Simultaneous Effect? Evidence from Indonesian Manufacturing Companies Arieftiara, Dianwicaksih; Utama, Sidharta
AKRUAL: JURNAL AKUNTANSI Vol 9, No 2: AKRUAL: Jurnal Akuntansi (April 2018)
Publisher : UNIVERSITAS NEGERI SURABAYA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jaj.v9n2.p168-185

Abstract

Financial reporting reflects transparency of the firm and if it could not explain the changes in shareholders’ value in a timely manner; shareholders need additional monitoring mechanism. This study aims to investigate the effect of financial statements’ quality on corporate governance mechanism and to examine the simultaneous effect between both. This study uses earnings timelines as a proxy of financial reporting’s quality; proportion of independent board and board size as proxies of corporate governance mechanism. Using Two Stage Linear Regression (TSLS) and samples consist of manufacturing companies listed on Indonesian Stock Exchange (IDX) in 2015, this study finds that earnings timelines have significant influence on board size; earnings timelines and proportion of independent board have the simultaneous effect; however, it fails to document the simultaneous effect of earnings timelines and ownership concentration. This study is the first that investigates the simultaneous effects of financial reporting quality and corporate governance.
Board Characteristics and Firm Performance: Evidence from Indonesia Hidayat, Athalia Ariati; Utama, Sidharta
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 8, No 3 (2015): December 2015 - March 2016
Publisher : Universitas Prasetiya Mulya

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Abstract

The Influence of Corporate Governance Mechanism on the Relationship Between Related Party Transactions and Earnings Management Sidharta Utama, Aria Farah Mita,
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 7, No 1 (2014): April-July 2014
Publisher : Universitas Prasetiya Mulya

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Abstract

PENGARUH KEPEMILIKAN KELUARGA, KEDEKATAN DIREKSI & KOMISARIS DENGAN PEMILIK PENGENDALI TERHADAP KOMPENSASI DIREKSI & KOMISARIS PERUSAHAAN DI PASAR MODAL INDONESIA Ulupui, I Gusti Ketut Agung; Utama, Sidharta; Karnen, Kresnohadi Ariyoto
Jurnal Organisasi dan Manajemen Vol 11 No 1 (2015)
Publisher : LPPM Universitas Terbuka

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Abstract

The purpose of this study was to examine whether family ownership and Directors Commissioner who have close relations with owner has an influence on the compensation of the Board of Directors and Commissioner. This study uses data companies listed in Indonesia Stock Exchange 2004-2006 period, indicating that the higher proportion of families in the company and the lower involvement in the management of the company, the lower the compensation of Directors and Commissioner. This means that if a family is only acting as an owner, but does not have a high involvement in the management of the company, the compensation Board of Directors and commissioner to be more optimal. In other words the family control as the owner of the Commissioner and Directorss compensation is effective. Tujuan penelitian ini adalah untuk menelaah apakah kepemilikan keluarga dan direksi komisaris yang memiliki kedekatan dengan pemilik mempunyai pengaruh terhadap kompensasi direksi komisaris. Penelitian ini menggunakan data perusahaan yang terdaftar di Bursa Efek Indonesia periode 2004-2006. Hasil menunjukkan bahwa semakin tinggi proporsi keluarga dalam perusahaan dan semakin rendah keterlibatannya dalam pengelolaan perusahaan, semakin rendah kompensasi direksi komisaris. Artinya apabila keluarga hanya bertindak sebagai pemilik namun tidak memiliki keterlibatan yang tinggi dalam pengelolaan perusahaan, maka kompensasi direksi komisaris menjadi lebih optimal. Atau dengan kata lain kontrol keluarga sebagai pemilik terhadap kompensasi direksi komisaris berjalan dengan efektif.
Board of Commissioners in Corporate Governance, Firm Performance, and Ownership Structure Utama*, Cynthia Afriani; Utama**, Sidharta
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 2 (2019): August - November 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

The purpose of this study is to investigate: firstly, the two-way causality between firms performance and the size of BOC; secondly, the nonlinear effect of board size on the firms? performance; thirdly, the direct and moderating effects of the ownership structure on the influence of firm performance on board size. Using the ROA as a measure of firm performance, we find that there is a simultaneous relationship between firm performance and the size of BOC: the size of the board has an inverted U-shaped effect on firm performance while firms performance has a negative influence on board size. We find that the size of the board of commissioners increases firm performance up to a certain level, but a very large board reduces firm performance. We find marginal evidence that ownership structure has a moderating effect on the impact of firm performance on board size. We document that the negative effect of performance on board size dissipates as ownership right increases. The negative effect of performance on board size marginally strengthens. Thus, our study contributes to the literature by finding that the negative influence of firm performance and board primarily occurs on firms that are subject to high incentive expropriation by controlling shareholders.Keywords:board size, board of commissioners, corporate governance, firm performance,ownership structure, cash-flow rights, control rights.* Department of Management, Faculty of Economics and Business, Universitas Indonesia, Kampus UI Depok 16424, Indonesia** Department of Accounting, Faculty of Economic and Business, Universitas Indonesia, Kampus UI Depok 16424, Indonesia https://doi.org/10.21632/irjbs.12.2.111-136
PENGARUH KEPEMILIKAN KELUARGA, KEDEKATAN DIREKSI &Amp; KOMISARIS DENGAN PEMILIK PENGENDALI TERHADAP KOMPENSASI DIREKSI &Amp; KOMISARIS PERUSAHAAN DI PASAR MODAL INDONESIA Ketut Agung Ulupui, I Gusti; Utama, Sidharta; Ariyoto Karnen, Kresnohadi
Jurnal Organisasi Dan Manajemen Vol 11 No 1 (2015)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (211.578 KB)

Abstract

The purpose of this study was to examine whether family ownership and Directors Commissioner who have close relations with owner has an influence on the compensation of the Board of Directors and Commissioner. This study uses data companies listed in Indonesia Stock Exchange 2004-2006 period, indicating that the higher proportion of families in the company and the lower involvement in the management of the company, the lower the compensation of Directors and Commissioner. This means that if a family is only acting as an owner, but does not have a high involvement in the management of the company, the compensation Board of Directors and commissioner to be more optimal. In other words the family control as the owner of the Commissioner and Directorss compensation is effective. Tujuan penelitian ini adalah untuk menelaah apakah kepemilikan keluarga dan direksi komisaris yang memiliki kedekatan dengan pemilik mempunyai pengaruh terhadap kompensasi direksi komisaris. Penelitian ini menggunakan data perusahaan yang terdaftar di Bursa Efek Indonesia periode 2004-2006. Hasil menunjukkan bahwa semakin tinggi proporsi keluarga dalam perusahaan dan semakin rendah keterlibatannya dalam pengelolaan perusahaan, semakin rendah kompensasi direksi komisaris. Artinya apabila keluarga hanya bertindak sebagai pemilik namun tidak memiliki keterlibatan yang tinggi dalam pengelolaan perusahaan, maka kompensasi direksi komisaris menjadi lebih optimal. Atau dengan kata lain kontrol keluarga sebagai pemilik terhadap kompensasi direksi komisaris berjalan dengan efektif.
Do Financial Reporting Quality and Corporate Governance Have Simultaneous Effect? Evidence from Indonesian Manufacturing Companies Arieftiara, Dianwicaksih; Utama, Sidharta
AKRUAL: JURNAL AKUNTANSI Vol 9, No 2: AKRUAL: Jurnal Akuntansi (April 2018)
Publisher : UNIVERSITAS NEGERI SURABAYA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jaj.v9n2.p168-185

Abstract

Financial reporting reflects transparency of the firm and if it could not explain the changes in shareholders’ value in a timely manner; shareholders need additional monitoring mechanism. This study aims to investigate the effect of financial statements’ quality on corporate governance mechanism and to examine the simultaneous effect between both. This study uses earnings timelines as a proxy of financial reporting’s quality; proportion of independent board and board size as proxies of corporate governance mechanism. Using Two Stage Linear Regression (TSLS) and samples consist of manufacturing companies listed on Indonesian Stock Exchange (IDX) in 2015, this study finds that earnings timelines have significant influence on board size; earnings timelines and proportion of independent board have the simultaneous effect; however, it fails to document the simultaneous effect of earnings timelines and ownership concentration. This study is the first that investigates the simultaneous effects of financial reporting quality and corporate governance.
Transparency of local government in Indonesia I Made Pradana Adiputra; Sidharta Utama; Hilda Rossieta
Asian Journal of Accounting Research Volume 3 Issue 1
Publisher : Emerald Publishing Limited

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.1108/AJAR-07-2018-0019

Abstract

The purpose of this paper is to provide empirical evidence about the influence of the size of local government, the quality of local government financial statements, the level of local government response to the disclosure of financial information and the local political environment on the transparency of local government in Indonesia.The study sample consisted of 34 regional governments (provinces) in Indonesia in 2016, using purposive sampling and multiple regression analysis.The results showed that the quality of financial reporting through the audit opinion and political environment have a significant positive effect on the transparency of local government in Indonesia. On the other hand, the size of the local government and local government response rate on the regulation do not affect the transparency of local government in Indonesia.The agency, legitimacy and institutional theory have an important role in the underlying local government transparency practices in Indonesia. The results of this study should be used as the basis of thought and study to determine the factors that affect the performance of local governments from the financial and non-financial aspects.
The Influence of Corporate Governance Mechanism on the Relationship Between Related Party Transactions and Earnings Management Sidharta Utama, Aria Farah Mita,
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 7, No 1 (2014): April-July 2014
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.7.1.1051

Abstract

Relationship of Earnings Quality and Segment Disclosure in Decreasing Cost of Equity Siti Khomsatun; Sylvia Veronica Siregar; Sidharta Utama
Jurnal Keuangan dan Perbankan Vol 22, No 3 (2018): July 2018
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (521.726 KB) | DOI: 10.26905/jkdp.v22i3.2304

Abstract

Investors would analyze the reporting of segments disclosure in the notes to the financial statements, addition to the main reporting that presents earnings and cash flows. We investigated the relationship between the segment disclosure level and the earning quality that could decrease the cost of equity. Sample of this research were 242 firms-years of manufacture industry firms. This research used simultaneous test; the first stage was a regression of segment disclosure level on earning quality and the second stage was a regression on the cost of equity. Segment disclosure level was measured from PSAK 5 Operating Segment (2009); the cost of equity measured using industry-adjusted E/P Ratio; earning quality measured using absolute of accrual quality and absolute of abnormal accrual. We found that earnings quality positively influences on segment disclosure level. We proved that there was a complementary effect between them. The second result showed that the segment disclosure level decreases the cost of equity, but marginally. The third result proved that in the second order condition, the segment disclosure level was stronger in decreasing the cost of equity. We proved that there was endogeneity of segment disclosure level in decreasing cost of equity.JEL Classification: C34, D23, M14DOI: https://doi.org/10.26905/jkdp.v22i3.2304
Co-Authors Ariyoto Karnen, Kresnohadi Athalia Ariati Hidayat Cynthia Afriani Utama, Cynthia Afriani Dewi Kartika Sari Dianwicaksih Arieftiara Dwi Martani Etty Murwaningsari F. Leonardo Z F. Leonardo Z Fitriany Fitriany, Fitriany Hilda Rosietta, Hilda Hilda Rossieta Hilda Rossieta Hilda Rossieta I Gusti Ketut Agung Ulupui I Made Pradana Adiputra Karnen, Kresnohadi Ariyoto Karyani, Etikah Ketut Agung Ulupui, I Gusti Rachmawati, Nurul Aisyah SATRIYAS ILYAS Septian Bayu Kristanto Siti Khomsatun Sylvia Veronica Siregar Zahroh Naimah, Zahroh