This research examined the effects of budget participation on performance of manager in firms. Prior studies in participative budgeting suggest that personality characteristic is potential ly important explanatory variables to motivate manager achieving good performance. Data were col lected from 85 managers of firms in Yogyakarta. Results of this study indicated that interaction between need of independence and participation had significant impact on managerial performance. This research also proved that interaction between need of authority and participation in setting budgeting had significant impact on managerial performance.Keywords: need of independence, need of authority, participative budgeting, managerial performance
Non-profit organizations are those that work for the benefit of the community without trying to turn a profit. Public inquiries about non-profit organizations' administration of donor or sponsor finances frequently center on their transparency and accountability. Financial responsibility is significant to the church because it is an organization that does not seek to make money. Non-profit organizations are anticipated to be able to give important data, including articulation of financial status, activity reports, cash flow reports, and budget summary notes, to various contributors and associations through PSAK 45 (ISAK 35). The church is a component of a non-profit organization that uses PSAK 45 (ISAK 35). According to an interview with the Mlati Parish treasurer, there are still difficulties in preparing the parish's financial reports because until now the depreciation cost of the parish's fixed assets has not been determined. The financial reports of the parish are not in compliance with KAS standards because there is no estimate for fixed asset depreciation expenses. The PKM Team of the Accounting Study Program, Faculty of Business and Economics, Universitas Atma Jaya Yogyakarta, seeing the importance of transparency in the collection and use of funds from non-profit organizations such as churches, tries to assist the Saint Aloysius Gonzaga Parish in determining the amount of depreciation expense per year, making a list of fixed assets, and creating accounting guidelines for fixed assets. The Guide to the Fixed Asset Inventory Module and the Excel File List of Fixed Assets along with depreciation calculations that can be changed at any time if needed are the outputs of this PKM.
Agency  theory  mentions  that  leverage  (debt)  is  one  of  mechanism  used  by shareholders  to minimize agency problem with manager. In this context, previous researchers show that leverage was influenced by free cash flow and insider ownership (managerial ownership). This research aims  to  examine  the determinants  of  leverage  in  a  research  model  and  treats investment opportunity  set  (IOS)  as  moderating  variable  that  will  influence the  relationship  between  free cash flow and managerial ownership with leverage. By using sample consist of 38 manufacturing companies, result from moderated Regression Analysis (MRA) statistically shows evidence that IOS  influences  the relationship  between  free  cash  flow  and  leverage.  This  result supported Tarjo’s research (2002).
The objective of this study is to investigate the impact of institutional investors and auditquality (measured by industry market share) on earnings management (measured by discretionary accruals). Empirical researches provide evidence that firms execute income increasing or decreasing discretionary accruals in financial statement. To test alternative hypothesis, the study uses manufacturing companies listed in the Jakarta Stock Exchange during 2000-2002. There are 88 samples, which are collected from manufacturing companies. Results of this study indicated that institutional investors have significant impact on earnings management. However, this study can not support that auditor quality have interaction effect on the relationship between institutional investors and earnings managementKeywords: institutional investors, earnings management, audit quality
This article has objective to describe information content of dividend policy, especially to foretell earnings growth. It has been oberved that an increase in the price of a stock, while a dividend cut generally leads to a stock price decline. However, many market observers point to the very high fraction of earnings retained (or low dividend payout ratio) as a sign that future earnings growth will be well above historical norm. In the real world, many complications exist that could confound the expected inverse relationship between current payouts and future earnings growth.Keywords: dividend policy, earnings growth, payout ratio
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