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Jurnal Akuntansi dan Keuangan Indonesia Vol 8, No 2 (2011)
Publisher : Departemen Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (609.583 KB) | DOI: 10.21002/jaki.2011.12


This study aims to examine the effect of interdependence mechanisms of corporate governance on company performance (Agrawal and Knoeber 1996). These mechanisms are: managerial ownership, institutional ownership, independent commissioner, board size, debt policy, dividend policy, market concentration, and market share with the control variables are growth, size, and firm ages. Test results on 349 firm-years using OLS regression for each mechanism and 2SLS regression for simultaneous testing indicate the presence of interdependence between the mechanisms. both parsial and simultanously; managerial ownership and dividend policy does not significantly influence on the banking efficiency. Significant positive effect of the board size and institutional ownership when tested by OLS did not recur when tested simultaneously using 2SLS. Instead, the independent commissioner when tested by 2SLS have significant negative effect but using OLS no significant effect. There are three variables of corporate governance mechanisms have consistent effect on the banking efficiency; debt policy has significant negative effect, while the market concentration and market share have significant positive effect. Different results between the tests using OLS and 2SLS emphasize the interdependence of these mechanisms is also shown that application of the policy of corporate governance mechanisms should be done carefully so that the expected performance can be achieved. Keywords: corporate governance, performance, efficiency Penelitian ini bertujuan menguji pengaruh interdependensi mekanisme corporate governance terhadap kinerja perusahaan (Agrawal dan Knoeber 1996). Mekanisme corporate governance yang dimaksud adalah Kepemilikan Manajerial, Kepemilikan Institusional, Komisaris Independen, Ukuran Dewan Komisaris, Kebijakan Utang, Kebijakan Dividen, Konsentrasi Pasar, dan Pangsa Pasar dengan variabel kontrol Pertumbuhan, Ukuran, dan Umur Perusahaan. Hasil pengujian atas sampel 349 bank kurun 2007-2009 dengan menggunakan regresi OLS untuk masing-masing mekanisme dan regresi 2SLS untuk pengujian simultan menunjukkan adanya interdependensi antar mekanisme tersebut. Kepemilikan Manajerial dan Kebijakan Dividen tidak berpengaruh signifikan terhadap kinerja efisiensi perbankan. Pengaruh positif signifikan ukuran Dewan Komisaris dan Kepemilikan Institusional ketika diuji secara OLS tidak muncul kembali ketika diuji secara simultan menggunakan 2SLS. Sebaliknya, Komisaris Independen dalam pengujian 2SLS berpengaruh negatif signifikan namun menggunakan OLS tidak berpengaruh signifikan. Terdapat tiga variabel dalam mekanisme corporate governance yang konsisten berpengaruh terhadap kinerja efisiensi perbankan yaitu Kebijakan Utang yang berpengaruh negatif signifikan, sementara Konsentrasi Pasar dan Pangsa Pasar berpengaruh positif signifikan. Hasil yang berbeda antara pengujian menggunakan OLS dan 2SLS selain menegaskan adanya interdependensi mekanisme tersebut juga menunjukkan bahwa penerapan kebijakan mekanisme corporate governance harus dilakukan secara hati-hati agar kinerja yang diharapkan dapat tercapai. Kata kunci: corporate governance, kinerja, efisiensi
How Indonesian Accounting Education Providers Meet the Demand of the Industry Hermawan, Ancella A; Muktiyanto, Ali; Setyaningrum, Dyah
Publisher : Universitas Prasetiya Mulya

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AKUNTANSI PERPAJAKAN DALAM PENGGABUNGAN USAHA (Studi Kasus Pada Perusahaan Listed di BEI) Muktiyanto, Ali; Hendrian, Hendrian
Jurnal Organisasi dan Manajemen Vol 7 No 1 (2011)
Publisher : LPPM Universitas Terbuka

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In accounting, there are two methods used in recording business combinations i.e purchase and pooling of interest method. Purchase method has ameasurable indication with the withdrawal of cash beside the cost of business combination and stock issuance costs incurred by the company buyer. In addition to that, there will be changes of ownership. The assets acquired by a business entity are recorded and recognized at market value. As a consequence, the excess of fixed assets will be recorded as goodwill. Meanwhile if the business combination uses the pooling of interest method, then the amount of assets, debts and rights of shareholders that are reported by the affiliated companies will be recognized in accordance with its book value. APB No.16 notes that there are 12 requirements that must be met when using pooling of interest method. If it does not meet any of these requirements then the combined companies must use the purchase method. There is no goodwill in pooling interest method. It means that in the merger process there is no obligation to pay taxes since it based on book value and no goodwill.