KARAKTERISTIK PERUSAHAAN SEBAGAI DETERMINAN
INTERNET FINANCIAL AND SUSTAINABILITY REPORTING
Apsarida Mila Puspa
Jurusan Akuntansi Fakultas Ekonomi Universitas Islam Sultan Agung Semarang
Jl. Raya Kaligawe Km.4 Semarang, 50112.
Korespondensi dengan Penulis:
Indri Kartika: Telp. +62 24 658 3584; Fax. +62 24 658 2455
The information technological development had facilitated companies to provide and spread information around the world. Through websites for an example, a company could present financial and non-financial reports which ensured the stakeholders based on the going concern status of the company. This research examined company characteristics as the internet financial and the sustainability reporting (IFSR) determinants. The research applied non-financial company populations which had website facilities and were listed in Indonesian Stock Exchange in 2009-2010. Using a purposive sampling technique, it obtained 326 companies. The analytical data method used in this research was a multiple-regression, of which the degree of significance was 5%. The research result showed that size, profitability, and auditor influenced significantly and positively toward IFSR. While, the external ownership structure and listing age of companies influenced significantly and negatively toward IFSR. On the other hand, leverage and types of industry and listing age of companies had negative influences but not really significant towards IFSR.
Key words: auditor, company characteristics, Internet Financial and Sustainability Reporting, profitability, size
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DETERMINAN EFISIENSI DAN DAMPAKNYA TERHADAP KINERJA PROFITABILITAS INDUSTRI PERBANKAN DI INDONESIA
Jurusan Administrasi Bisnis STIA- LAN (Lembaga Administrasi Negara)
Jl. Administrasi II Pejompongan Jakarta Pusat, 10260
Fakultas Ekonomika dan Bisnis Universitas Diponegoro
Jl. Erlangga Tengah No.17 Semarang, 50241
Korespondensi dengan Penulis:
Subandi: Telp. +62 21 532 6726; Fax. +62 21 536 74562
The Objective of this study was to estimate the factors influencing the level of technical efficiency of banks measured by a non-parametric Data Envelopment Analysis (DEA) and its impact on the profitability performance as measured by return on assets (ROA). This study applied panel data regression models with random effects approach to 110 conventional bank over 2006-2010. Based on estimation of the determinants of bank efficiency levels, it could be informed that bank size factors, types of banks, capital adequacy ratio, loans deposit ratio, operating expenses and net interest margin affected the level of technical efficiency significantly. At a later stage, estimation of the determinants of profitability showed that the factors like the bank size, types of banks, non-performing loans, loans deposit ratio, operating expenses and net interest margin significantly affected ROA. This study had implications both theoretically and managerially. Theoretical implications for this research provided an important contribution to the development of the theory of efficiency and financial performance. Finnaly the managerial implications of this research had the consequences of improving the efficiency and profitability performance, especially for the domestic banks.
Key words: bank size, loans deposit ratio, net interest margin, non-performing loans, operating expenses, return on assets, types of banks
FAKTOR PENENTU RETURN SAHAM DENGAN PRICE TO BOOK VALUE SEBAGAI VARIABEL MODERASI
DI BURSA EFEK INDONESIA
Sri Lestari Kurniawati
Linda Purnama Sari
Nurul Hasanah Uswati Dewi
Jurusan Manajemen Fakultas Ekonomi STIE Perbanas Surabaya
Jl. Nginden Semolo No.34-36 Surabaya, 60118.
- Korespondensi dengan Penulis:
- Sri Lestari Kurniawati: Telp. +62 31 594 7151/ Fax. +62 31 593 5937
- E-mail: firstname.lastname@example.org
The purpose of this study was to exemine the effect of the company’s financial performance variables consisting of earning growth ratio, dividend payout ratio and size, the variable return equity price to book value as a moderating variable. The samples in this study were all companies listed on the Indonesia Stock Exchange from 2005 to 2010 by using purposive sampling with criteria that the company had a positive book value of equity during the study period. The company splitted the cash dividend and the company did not do corporate actions such as stock splits, reverse stock, stock dividend. The data used in this study were all companies listed on the Indonesia Stock Exchange from 2005 to 2010 (except for companies engaged in finance and banking) by using multiple linear regression to test the interaction or Multiple Regresion Analysis (MRA). The study found that the price to book value was not able to significantly moderate the effect of earning growth ratio, dividend payout ratio and size toward the stock return variable for the interaction test results showed the significant value was greater than interaction of alpha as 5%.
Key words: earning growth ratio, dividend payout ratio, size, stock return, price to book value