Claim Missing Document
Check
Articles

Found 30 Documents
Search

PENGARUH VOLUNTARY DISCLOSURE, RELEVANSI NILAI, DAN KEPEMILIKAN ASING TERHADAP COST OF EQUITY: ASIMETRI INFORMASI SEBAGAI VARIABEL PEMEDIASI Clara Alverina Santoso; Fransiskus E. Daromes
Dinamika Akuntansi Keuangan dan Perbankan Vol 8 No 2 (2019): VOL. 8 NO. 2 2019
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Stikubank

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (577.854 KB)

Abstract

The purpose of this study was to investigate the effect of voluntary disclosure, value relevance, and foreign ownership on information asymmetry, the effect of voluntary disclosure, value relevance, foreign ownership, and information asymmetry on the cost of equity and the mediating role of information asymmetry to voluntary disclosure, value relevance, and foreign ownership of the cost of equity. Population used in this study is the whole manufacturing company listed on Indonesia Stock Exchange (IDX) period 2015 - 2017. Total samples are 240 companies for 3 years selected by purposive sampling method and using secondary data, i.e. annual report and financial report collected from IDX database, yahoo finance and each company’s official website. The results of this study indicate that voluntary disclosure and value relevance of financial statements can reduce information asymmetry, while foreign ownership can increase information asymmetry, but the influence of value relevance and foreign ownership is weak. The findings also indicate voluntary disclosure, value relevance, and information asymmetry can increase the cost of equity, while foreign ownership can reduce the cost of equity, but the effect of voluntary disclosure, value relevance, and foreign ownership is weak. This finding implies that companies must pay attention to the problem of information asymmetry because investor trust is important in reducing the company's cost of equity. Low information asymmetry will also increase security for investors in investing. Keywords: voluntary disclosure, value relevance, foreign ownership, asymmetry information, and cost of equity.
PENGUNGKAPAN EMISI KARBON SEBAGAI MEKANISME PENINGKATAN KINERJA UNTUK MENCIPTAKAN NILAI PERUSAHAAN Chen Kelvin; Fransiskus E. Daromes; Suwandi Ng
Dinamika Akuntansi Keuangan dan Perbankan Vol 6 No 1 (2017): VOL. 6 NO. 1 2017
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Stikubank

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (230.353 KB)

Abstract

The purpose of this research was to investigate the effect of carbon emissions disclosure on financial performance, operational performance and cost of equity, the influence of financial performance, operational performance, and cost of equity on firm value, and to investigate the effect of carbon emissions disclosure on firm value mediated by financial performance, operational performance, and cost of equity. Population used is the whole company public listed in Indonesia Stock Exchange period 2013- 2015. Number of samples are 86 firms each year, was selected by purposive sampling method and using secondary data, i.e. the annual report. The analytical method used is path analysis and hypothesis mediation analysed by using Sobel test. The result of analysis show that carbon emissions disclosure have positive and significant effect on financial performance, operational performance and cost of equity. While financial performancebhave positive but not significant effect on firm value, operational performance have positive and significant effect onfirm value, and cost of equityhave negative and significant effect on firm value. This research also shows that the operational performance and cost of equity plays a role in mediating carbon emissions disclosure on firm value, while financial performance do not mediate the effect of carbon emissions disclosure on firm value. The implication is the firms should pay more attention to the company's relationship with the surrounding environment so that the company's image can be improved because the firm’s sustainability are not only determined by the level of profitability, but also they have to combine economic performance, the concentration of social justice, and responsibility towards environmental sustainability. Keywords: carbon emissions disclosure, financial performance, operational   performance, cost of equity and firm value
TRANSFORMASI NILAI BUDAYA LOKAL DALAM MEMBANGUN AKUNTABILITAS ORGANISASI SEKTOR PUBLIK Randa, Fransiskus; Daromes, Fransiskus
Jurnal Akuntansi Multiparadigma Vol 5, No 3 (2014): Jurnal Akuntansi Multiparadigma
Publisher : Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (458.513 KB) | DOI: 10.18202/jamal.2014.12.5035

Abstract

Abstrak: Transformasi Nilai Budaya Lokal dalam Membangun Akuntabilitas Sektor Publik. Penelitian ini bertujuan mentransformasi nilai akuntabilitas budaya  lokal  dalam  meningkatkan  pelaksanaan akuntabilitas  pemerintah  daerah  bersama  masyarakat.  Penelitian  dilakukan  pada  pemerintah  daerah  Tana Toraja menggunakan metode etnografi kritis inkulturatif. Hasil penelitian menunjukkan  adanya  dua  jenis  akuntabilitas  yakni  akuntabilitas  masukan  (aktivitas penyusunan program yang dilakukan oleh pihak agen yakni pemerintah daerah)  dan keluaran (aktivitas yang dilakukan oleh pihak prinsipal, yakni masyarakat). Rekonstruksi akuntabilitas masukan dan keluaran dinyatakan dalam aktivitas kombongan(duduk bersama untuk memecahkan suatu masalah).Abstract: Transformation of Local Cultural Values to Build Public Sektor Accountability.This study aims to transform the value of local culture of accountability to improve the implementation of the local government and public accountability. This research was conducted in the area of Tana Toraja using acculturated critical ethnography as paradigm and research method. The results show masukan (program construction activity doing by public government as agent) and keluaran accountability  (public  activity  as  prinsipal).  Reconstruction  of  masukan  and  keluaran accountability expressed in Kombongan activity (sitting together to solve the problem).
AN EMPIRICAL EVIDENCE OF HOW SUSTAINABILITY DISCLOSURE AFFECTS FIRM VALUE THROUGH SYSTEMATIC RISK Steffi Nontji; Fransiskus Eduardus Daromes; Kunradus Kampo
AJAR Vol 5 No 01 (2022): Atma Jaya Accounting Research (AJAR)
Publisher : Magister Akuntansi, Universitas Atma Jaya Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35129/ajar.v5i01.262

Abstract

The purpose of this study is to investigate the effect of sustainability report disclosure on firm value which is tested both directly and through the role of systematic risk. The research model is built on the arguments of stakeholder theory and agency theory to explain the relationship between research variables. The population used in this study are non-financial companies listed on the Indonesia Stock Exchange (IDX) with a research period of 2017-2019. This research uses purposive sampling method. The number of samples obtained as many as 28 companies. Path analysis was used to analyze the data and the mediation hypothesis was tested using the Sobel test. The results of this study indicate that the sustainability report has a negative and significant effect on systematic risk, systematic risk has a negative and significant effect on firm value, and the sustainability report has a positive and insignificant effect on firm value. The results of the Sobel test show that systematic risk mediates the effect of sustainability reporting on firm value.
Total Quality Management sebagai Mekanisme Pendorong Competitive Advantagedan Inovasi untuk Mencapai Kinerja Perusahaan: Studi Empiris pada Perusahaan Real Estate Ary Agus Setiawan; Fransiskus E. Daromes
Jurnal Bisnis dan Ekonomi Vol 26 No 1 (2019): VOL. 26 NO. 1 2019 EDISI MARET 2019
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Stikubank

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (226.445 KB)

Abstract

Total Quality Management (TQM) is an effort so that the implementation of all company activities becomes integrated, planned, effective and efficient in order to produce good and sustainable performance. Total Quality Management (TQM) is also a guide for companies to be able to manage resources within the company to the maximum in order to improve their performance and be brave to compete with their competitors. This study investigates the effect of Total Quality Management (TQM) on Competitive Advantage, innovation and company performance. The research conducted through an online survey of property companies in Indonesia with research respondents was Middle-Top Level Management in the Indonesian property sector. Data analysis was carried out through a regression process and path analysis.The results of this study indicate that Total Quality Management (TQM) has a positive effect on Competitive Advantage, innovation but has no significant effect on company performance. Total Quality Management (TQM) affects the company's performance through the mechanism of innovation and Competitive Advantage
Carbon Emissions Disclosure as Mechanism to Increase Environmental Performance and Control of Idiosyncratic Risk: How They Impact Firm Value Fransiskus Eduardus Daromes; Suwandi Ng; Novita Wijaya
Indonesian Journal of Sustainability Accounting and Management Vol 4, No 2 (2020): December 2020
Publisher : Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28992/ijsam.v4i2.299

Abstract

This research attempts to investigate the predictive effect of carbon emissions disclosure on firm value both directly and through environmental performance and idiosyncratic risk. With data collected from all non-financial high-profile companies listed on the Indonesia Stock Exchange and testing through path analysis, findings reveal that carbon emissions disclosure has a positive significant effect on environmental performance, but not on idiosyncratic risk and firm value. Further statistics testing showed that both idiosyncratic risk and environmental performance have a positive and significant effect on firm value. We also used Sobel testing to test mediation role of environmental performance and idiosyncratic risk on the effect of carbon emissions disclosure on firm value. The results show that environmental performance plays a mediating role whereas idiosyncratic risk does not. The implications of this research study are discussed from both theoretical and managerial perspectives.
MEMAHAMI STRATEGI IMPLEMENTASI SISTEM PENGENDALIAN MANAJEMEN KOMPREHENSIF Daromes, Fransiskus E.; Ng, Suwandi; Kampo, Kunradus
Balance : Jurnal Akuntansi, Auditing dan Keuangan Vol 15, No 1 (2018): Balance : Jurnal Akuntansi, Auditing dan Keuangan
Publisher : Balance : Jurnal Akuntansi, Auditing dan Keuangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (456.963 KB)

Abstract

A management control system is a mechanism that ensures, encourages, enables, or sometimes "forces" people within an organization to do what is best for the organization. This research elaborates a comprehensive management control system based on literature review and case studies at Aston Makassar Hotel & Convention Center and Grand Clarion Hotel & Convention Makassar. The results show that although in different ways and mechanisms, these hotels have comprehensive management control system mechanisms that are used to ensure and drive the achievement of corporate objectives. The initial consideration of the entire set of management control systems in hotels is the cultural control that is reflected in the vision-mission, core values, organizational culture and uniqueness of the company that is a form of joint management control. In addition, these potentials and values need to be comprehensively understood and implemented with other control mechanisms so that these hotels can achieve their vision and mission. Keywords: Management control system, comprehensive, cultural control
INTERAKSI KINERJA KEUANGAN PERBANKAN DAN TATA KELOLA DALAM MENINGKATKAN RETURN SAHAM Ina Marice; Fransiskus E. Daromes; Suwandi Ng
SIMAK Vol 19 No 01 (2021): Sistem Informasi, Manajemen, dan Akuntansi (SIMAK)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Atma Jaya Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35129/simak.v19i01.173

Abstract

This research was conducted to investigate the effect of banking performance on stock returns as moderated by corporate governance. The population used in the study were all banks listed on the IDX for the period 2015-2019. The sample in this study were 30 banks selected using purposive sampling method. The analysis was carried out with the help of SPSS 25 and hypothesis testing using multiple linear regression analysis and moderating regression analysis (MRA). The results of this study indicate that banking performance in the form of LDR, CAR, and ROA partially and simultaneously affects stock returns, NPL partially and simultaneously has no effect on stock returns, governance is able to moderate the relationship between LDR, CAR, and ROA on stock returns, but unable to moderate the relationship between NPL and stock returns.
PERAN KEMAMPUAN MANAJERIAL SEBAGAI MEKANISME PENINGKATAN KUALITAS LABA DAN NILAI PERUSAHAAN Ng, Suwandi; Daromes, Fransiskus E.
Jurnal Akuntansi dan Keuangan Indonesia Vol 13, No 2 (2016)
Publisher : Departemen Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (380.402 KB) | DOI: 10.21002/jaki.2016.10

Abstract

This research is aimed to investigate the role of managerial ability as a mechanism to improve earnings quality as a mediating effect influence on firm value. The sample used in this study were non-financial companies listed on the Indonesia Stock Exchange from 2010 to 2014. The sample were selected using purposive random sampling method. The number of sample resulted form this method are 178 companies. By using path analysis method, the results show that managerial ability has positive and significant relationship to the earnings quality and firm value. In addition, Sobel's test results show that earnings quality does not mediate the effect of managerial ability on firm value.---Penelitian ini bertujuan untuk menginvestigasi peran kemampuan manajerial sebagai mekanisme untuk meningkatkan kualitas laba sebagai efek mediasi terhadap nilai perusahaan. Sampel yang digunakan dalam penelitian ini adalah perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia dari tahun 2010 sampai dengan 2014. Pemilihan sampel dilakukan dengan menggunakan metode purposive random sampling, dengan jumlah sampel yaitu 178 perusahaan. Hasil penelitian dengan menggunakan analisis jalur menunjukkan bahwa kemampuan manajerial memiliki hubungan positif dan signifikan terhadap kualitas laba dan nilai perusahaan. Selain itu, hasil pengujian Sobel menunjukkan bahwa kualitas laba tidak memediasi pengaruh kemampuan manajerial terhadap nilai perusahaan.
PERAN MEDIASI REPUTASI PERUSAHAAN TERHADAP HUBUNGAN UKURAN DEWAN DIREKSI DAN RETURN SAHAM Jao, Robert; Daromes, Fransiskus E.; Yono, Benhard
Jurnal Ilmiah Akuntansi Manajemen Vol 3 No 1 (2020): APRIL
Publisher : Fakultas Ekonomi, Universitas Muhammadiyah Buton

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35326/jiam.v3i1.611

Abstract

Ukuran yang besar dari dewan direksi bermanfaat bagi perusahaan untuk membentuk reputasi dan menjadi sinyal baik bagi investor. Penelitian ini memiliki tujuan menginvestigasi pengaruh ukuran dewan direksi terhadap return saham baik secara langsung maupun secara tidak langsung melalui reputasi. Populasi dalam penelitian ini berupa semua perusahaan sektor manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) selama tahun 2015-2018. Penggunaan metode non-probability secara purposive terpilih 32 perusahaan sebagai sampel dalam penelitian ini. Data yang digunakan berupa data sekunder terdiri dari laporan tahunan, corporate image index, dan harga saham penutupan. Untuk menguji hipotesis digunakan metode analisis jalur dan uji sobel. Hasil analisis menyatakan bahwa ukuran dewan direksi berpengaruh secara positif dan signifikan terhadap reputasi perusahaan. Ukuran dewan direksi dan reputasi perusahaan berpengaruh secara positif namun tidak signifikan terhadap return saham. Penelitian ini juga menemukan bahwa pengaruh dewan direksi terhadap return saham tidak dapat dimediasi oleh reputasi perusahaan.