Article Per Year (5 Year)
p-Index From 2019 - 2024
2.267
P-Index
This Author published in this journals
All Journal Manajemen Krida Wacana Inovasi : Jurnal Ekonomi, Keuangan, dan Manajemen Jurnal ASET (Akuntansi Riset) The Accounting Journal of Binaniaga International Journal of Supply Chain Management Jurnal Manajemen Strategi dan Aplikasi Bisnis Indonesian Journal of Accounting and Governance Journal of Research in Business, Economics, and Education AJAR (Asian Journal of Accounting Research) (e-Journal) Management Research Studies Journal
P.R Muljanto Siladjaja
Institut Perbanas
Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Environmental Science Industrial & Manufacturing Engineering Social Sciences Transportation Other

Published : 21 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 21 Documents
Search

 1   2   3 
The Existence Of Modigliani-Miller Propositions In Early Decade Siladjaja, P.R Muljanto
Manajemen Krida Wacana vol. 5 no. 3 September 2005
Publisher : Manajemen Krida Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Why The Gap Between Finance Theory And Financial Strategy Can Be? Siladjaja, P.R Muljanto
Manajemen Krida Wacana vol. 4 no. 2 Mei 2004
Publisher : Manajemen Krida Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

What It The Junk Bonds In Corporate Finace? Siladjaja, P.R Muljanto
Manajemen Krida Wacana vol. 6 no. 2 Mei 2006
Publisher : Manajemen Krida Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The Difference Level Of Three Cement Industries From The Aspect Of Selling And Customers Siladjaja, P.R Muljanto; Siladjaja, Suryawan
Manajemen Krida Wacana vol. 4 no. 1 Januari 2004
Publisher : Manajemen Krida Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

There Are Some MYTHS In The Finance Market Siladjaja, P.R Muljanto
Manajemen Krida Wacana vol. 6 no. 3 September 2006
Publisher : Manajemen Krida Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The Exploring For The Optimal Capital Structure Siladjaja, P.R Muljanto
Manajemen Krida Wacana vol. 4 no. 3 September 2004
Publisher : Manajemen Krida Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Earning Management on Market Performance: The Empirical Study on Dividend and Working Capital Siladjaja, Muljanto
Jurnal ASET (Akuntansi Riset) Vol 11, No 2 (2019): Jurnal ASET (Akuntansi Riset) Juli -Desember 2019 [DOAJ & SINTA INDEXED]
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/jaset.v11i2.19248

Abstract

Abstract. This research is to develop the integrated modeling for illustrating the influence of accruals against on the market value of firm performance through the corporate event policy, both the policy of dividend payout and working capital, so this causal relationship involves the quality of accruals. On the side, this research tests the capability skill of investors to detect earnings management by the period of publication, when the issue was released out formally and informally. This research proves the empirical testing, earnings management that are commonly used to sending out the message or signaling to the market about firm performance, this fundamental aim is to match the different perceptions. This research used the statistical models by developing the ANOVA analysis, the path model analysis, and multivariate regression, where our explanatory causal research has two stages of the data analysis. Primarily, we used testing the influence of discretionary accruals by path analysis and multivariate regression. By getting rid of the available error or bias, the object of this research was all the listed company period 2001-2016, where it has the purposive sampling. This research used the Amos and SPSS at the significant level at 5%. Finding, the critical finding that all public firms have a systematic method for earnings management, we distinguished the discretionary accruals, when it had high and low accruals, it is measured by the percentage of the total accruals. The discretionary accruals have a negative influence on the market value significantly, both indirect and direct impact. The indirect could be done by a positive relationship with a dividend and a negative relationship with working capital. The other finding is the impact on the quality of accruals when estimating the risk of the firm and the usefulness of financial reporting. This research tries to prove the dividend policy, based on earnings management, and working capital had been a sensitive indicator for investors. Research limitation, this research based on the fundamental analysis, then developed into accruals testing with Kothari Model. When we used the financial indicators, it so brings so many limitations, like the lag period and time horizon. By ignoring the error in time horizon accruals in the long run, this research testing between the accruals and corporate events policy. Practical Implication, this research has pointed out the financial reporting still be the most valuable document and the high usefulness in taking an investment decision. The investors have the capability to detect earnings management and capable too of making a judgment when the high accruals could be found. When a firm released out the financial reporting, it is just like game theory. When financial reporting have high accruals, so this management used the conservative method in reducing out the risk, as we are commonly known as the quality of accruals. Originality/value, The researchers have developed out a mutual relationship with corporate earnings management policy and market value by proposing the concept of the market value of accruals, high payout dividend yield and quality of accruals. By re-shaping the new paradigms of dividend payout, and increasing capability skills of investors, we develop the matrix of game theory models in illustrating investor and management behavior; include the pattering of the flexibility of the accounting method. Keywords. discretionary accruals; working capital; dividend payout; quality of accruals; the cost of capital.
Model pemetaan prediksi kinerja perusahaan mendatang dengan innate accruals quality dan manajemen pajak: fenomena kebijakan dividen imbal hasil tinggi di indonesia Siladjaja, Muljanto
INOVASI Vol 16, No 1 (2020)
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (357.863 KB) | DOI: 10.29264/jinv.v16i1.6478

Abstract

Penelitian ini telah menguji kemampuan investor yang sangat ultimated dalam mendeteksi akrual agresif sebagai fakta dari konsep pelaporan keuangan informasi kegunaan, sehingga investor setuju pada kualitas akrual dalam memperkirakan prospek masa depan. Dengan menguji implikasi positif dari akrual implikasi sebagai kontrak efisien, manajemen cenderung untuk menghilangkan tanda positif ke pasar, hal itu dapat tercermin pada fluktuasi harga pasar. Penelitian ini menemukan satu fenomena tentang kebijakan dividen di perusahaan Indonesia, di mana kebijakan dividen dengan hasil tinggi telah dipraktikkan oleh beberapa perusahaan secara teratur dalam dekade terakhir. Penelitian empiris ini menunjukkan perspektif negatif investor tentang bawaan akrual, karena indikator yang menyesatkan pada ekonomi fundamental perusahaan. Kebijakan dividen memberikan kontribusi positif pada manajemen pajak dengan menggunakan pengukuran ekuitas buku bersih, itu tercermin pada perbedaan menghitung ekuitas dan instrumen pendapatan. Prolivitas manajemen untuk melakukan pembayaran pajak lebih mementingkan pertumbuhan total aset daripada pendapatan. Dalam penelitian ini telah dikembangkan kebaruan dalam memperkirakan literatur kualitas akrual dengan memetakan umpan balik interaksi dalam model pohon keputusan dengan Teorema Bayes. Ini adalah prediksi empiris dengan menggunakan cara uji probabilitas bagaimana manajemen menerapkan perilaku oportunistik terhadap persepsi investor dan bagaimana reaksi investor di luar periode yang dipublikasikan dalam mengeluarkan laporan keuangan.
The impact of innate accruals quality on the future market value moderated by dividend policy Muljanto Siladjaja; Yuli Anwar
Asian Journal of Accounting Research Volume 5 Issue 2
Publisher : Emerald Publishing Limited

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.1108/AJAR-04-2020-0026

Abstract

The purpose of this study is to test and prove how the quality of innate accruals can make a significant contribution to the prospect of future market value for manufacturing industries.This research used multiple regression method by gathering all observation data on a go public company in the industrial manufacturing sector.The results of this test can show that the dividend policy helps reduce the use of accruals to increase investor perceptions about the prospects of the company's future period, especially the value of earnings informativeness, including valid information about the actual fundamental conditions. These results reflect high innate accruals quality, so the use of low accruals, especially in reporting earnings.This test uses a measurement of a constant growth rate with the calculation of the indicator g in the next five-year period, and the proof has secondary data abnormalities reflecting a very high level of variation in the use of accruals. As an implication of the data that is not normal, it causes a large amount of data pruning through outlier tests. Samples that qualify for processing are 180 from 384 data.By calculating the value of the dividend payout with the growth rate, the estimated future market price can be done with reasonable accuracy.
PEMETAAN PERILAKU OPPORTUNISTIK TERHADAP PROSPEK PERUSAHAAN MENDATANG MELALUI AKTIVITAS MANIPULASI Muljanto Siladjaja; Markonah Markonah
INDONESIAN JOURNAL OF ACCOUNTING AND GOVERNANCE Vol 3, No 2 (2019): DEC
Publisher : Universitas Agung Podomoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36766/ijag.v3i2.41

Abstract

This research have tested out the influence of opportunistics’s behaviour on the fluctuation of market price  by using the manipulation activity later this research provide the mapping between investor’s decision with accruals quality in financial reporting. Because of  the usefullness information financial reporting, so that the investor can done the predicting the future prospect by estimating the growth rate, so it give the feedback to management. The dividend policy can be used s as the communication process, management have proclivity  to diseminate that the prospect had been better in the future. The previous research had tested out the using of accruals had been the negative perspective on investor’s view, so the research have developed out the estimation of discretionary accruals quality as an critical measurement of reducing the opportunistic behaviour. This research used the statistics model by developing the the multiple regresion by developing out  the new indicators for the estimated price, that based on earnings and equity as independent variables. This research have the causal approach by using the purposive sampling on the manufacturing industry by using the real based manipulation activity, so the manipulation activity had been treated as a proxy for grouping the patern of opportunistics behaviour. By using future market value based on earning and equity, the investor have enough capability in detecting the earning management, the investor have calculated the net market value in predicting the company’s prospect in future. In this research have developed out the accruals quality literature by mapping the feedback of interaction in decision tree model with Teorema Bayes. The positive perception of dividend policy show out the investor involvement in formulating cooperate operational policy. The investor’s positive perception can be formed when they found “the good” news by detecting out the negative manipulation and high accruals quality. It has paved the investor out the way in controlling and monitoring the company’s performance for the better prospect one. As novelty, this research have created out the new measurement in earning quality (by modifying a new formula for discretionary accruals quality) and future value market (based on earnings and equity). By re-shaping the new paradigms of the financial statement’ concept as decision usefulness information, this research have created out the predictive model in describing out the investor’s perception  and the asymmetric information area in efficient market.
Co-Authors Markonah, Markonah Nicodemus Simu Riyadh, Hosam Alden Suryawan Siladjaja Syafrida Hafni Sahir Yuli Anwar