Article Per Year (5 Year)
p-Index From 2019 - 2024
0.408
P-Index
This Author published in this journals
All Journal DIJB (Diponegoro International Journal of Business) Perspektif Akuntansi
Ahmad Maulin Naufa
Universitas Gadjah Mada
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences Other

Published : 3 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search

 1 
The role of agency theory in the relationship between foreign ownership and performance-risk of stock in Indonesia: is one or two-way interaction? Ahmad Maulin Naufa; I Wayan Nuka Lantara
Diponegoro International Journal of Business Vol 1, No 2 (2018)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (794.32 KB) | DOI: 10.14710/dijb.1.2.2018.71-85

Abstract

Using agency theory as a theoretical basis, this paper aims to examine the relationship between foreign ownership, performance, and risk. Particularly, we examine whether the foreign ownership can improve or reduce the performance and risk. Vice versa, it also examine whether performance and risk may also influence the foreign ownership of stock. We utilized samples from the 100 Kompas Index from the Indonesian Stock Exchange (IDX), and we obtained 87 stocks from 2011-2017. We analyzed the relationship using ordinary least square by EViews 10.0. The result shows that the foreign ownership contributes positively to the improvement of performance, although the performance does not affect significantly to foreign ownership. Then, the relationship between the foreign ownership and the risk are not significant. The relationship the risk to the foreign is also not significant. To commence with, the foreign has an essential role in the improvement of Indonesian stock performance.
English Corporate Governance Implementation on Related Party Transactions in Indonesia Ade Raynaldi Harahap; Elisabeth Penti Kurniawati; Ahmad Maulin Naufa
Perspektif Akuntansi Vol 3 No 1 (2020)
Publisher : Center for Accounting Development and Research (CARD) Program Studi Akuntansi – Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (324.283 KB) | DOI: 10.24246/persi.v3i1.p1-15

Abstract

This research aims to examine the effect of corporate governance implementation on related party transactions (RPT) in Indonesian commercial banks. RPT is proxied by two variables-debt and receivables. This study multiple regression methods to analyze the relationship. We found that the corporate governance (CG) has no significant effect on debt with related parties in the banking sector. Then, CG also does not have a significant effect on receivables from related parties in the banking sector. Those results indicate that albeit the government and the company implement the CG on Indonesian commercial banks, it did provide benefit to alleviate RPT. RPT itself lead the drawbacks to the company.
The Sukuk Effect on Stock Return Volatility in Indonesia Legina Legina; Harjum Muharam; Ahmad Maulin Naufa
Perspektif Akuntansi Vol 3 No 2 (2020)
Publisher : Center for Accounting Development and Research (CARD) Program Studi Akuntansi – Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (462.862 KB) | DOI: 10.24246/persi.v3i2.p125-153

Abstract

The purpose of this research is to examine the effect of the announcement of Sukuk issuance to stock return volatility and to examine the phenomenon of time the varying volatility that occurs in the movement of stock returns and volatility. The data used in this research are daily closing price and trading volume incorporate Sukuk issued during the year 2009-2013 in the D-100 D+100 of Observation period. Samples utilized the purposive sampling technique to obtain the Samples of 13 companies. This study uses EGARCH (Exponential Generalized Autoregressive Conditional Heteroscedasticity) method of analysis. The results show that the best model for each sample in the EGARCH model is different. The results show that the phenomenon of time-varying volatility occurred in 13 samples. From 13 samples, event announcement of the Sukuk issuance does not affect the volatility of stocks returns except for Multi Adira Finance company. Furthermore, the trading volume affects the stock returns volatility on 9 companies, hence do not affect the other four companies.
Co-Authors Ade Raynaldi Harahap Elisabeth Penti Kurniawati Harjum Muharam I Wayan Nuka Lantara Legina Legina