Dampak Struktur Modal Pada Sensitivitas Penerapan Kompensasi Opsi Saham Karyawan Terhadap Kinerja

Asyik, Nur Fadjrih

doi:10.24034/j25485024.y2010.v14.i1.2109

Cited by 4 publications

(5 citation statements)

References 30 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Trisna dan Astika (2018) menyatakan bahwa terdapat reaksi positif atas peristiwa ditemukannya ESOP dengan ditemukannya abnormal return. Asyik (2010) dalam penelitiannya menyatakan bahwa semakin tinggi jumlah proporsi opsi saham yang diumumkan dalam ESOP, maka semakin besar pula peluang investor memperoleh return, yang disebabkan oleh adanya fluktuasi harga saham menuju harga yang lebih tinggi. Pada saat pengumuman ESOP, investor sudah dapat mengambil keputusan berdasarkan informasi yang ada di sepanjang tahun.…”

Section: Pengembangan Hipotesis Pengaruh Pemberian Employee Stock Option Program (Esop) Terhadap Keinformatifan Labaunclassified

“…Hasil pengujian hipotesis menunjukkan bahwa nilai signifikansi UE_ESOP sebesar 0,001 < 0,05 dengan nilai koefisien regresi sebesar 0,675. Hal ini menunjukkan bahwa pemberian employee stock option program berpengaruh secara positif dan signifikan terhadap earnings response coefficient, sehingga hipotesis pertama diterima.Hasil penelitian ini sejalan dengan Trisna dan Astika (2018) serta Asyik (2010). Pada saat pengumuman ESOP, investor sudah dapat mengambil keputusan berdasarkan informasi yang ada di sepanjang tahun.…”

Section: Uji Koefisien Determinasi (R 2 )unclassified

See 1 more Smart Citation

Pengaruh Pemberian Esop Dan Kualitas Auditor Terhadap Keinformatifan Laba Dimoderasi Kepemilikan Manajerial

Lestari

2019

j. inf. perpajak. akunt. keuang. n.a.

View full text Add to dashboard Cite

<p><em>The objective of the empirical study is to examine and to analyze the influence of employee stock option program (ESOP) and auditor quality on earnings informativeness proxied by earnings response coefficients on companies that adopted ESOP listed on the Indonesia Stock Exchange at year 2013-2017. This research uses moderating variables managerial ownership and uses control variables company size, default risk and industry type. Data for this research were obtained by Indonesian Capital Market Directory (ICMD), the Indonesia Stock Exchange website, the company's annual report, and stock price data from Yahoo Finance. Sample that used in this research were 18 go public companies listed on the Indonesia Stock Exchange and adopted ESOP in 2013-2017. The sampling technique used was purposive sampling method. This research uses moderation regression analysis. The results showed that employee stock option programs and auditor quality had a positive and significant influence to earnings informativeness. The test results in the moderating variable that managerial ownership cannot strengthen the relation between employee stock option program and earnings informativeness, while managerial ownership can strengthen the relation between auditor quality and earnings informativeness. Company size and default risk as control variables have a positive but not significant effect to earnings informativeness, while industry types have a positive and significant influence to earnings informativeness.</em></p>

show abstract

Section: Pengembangan Hipotesis Pengaruh Pemberian Employee Stock Option Program (Esop) Terhadap Keinformatifan Labaunclassified

Section: Uji Koefisien Determinasi (R 2 )unclassified

Pengaruh Pemberian Esop Dan Kualitas Auditor Terhadap Keinformatifan Laba Dimoderasi Kepemilikan Manajerial

Lestari

2019

j. inf. perpajak. akunt. keuang. n.a.

View full text Add to dashboard Cite

show abstract

“…In Indonesia, there is a two-tier system where the company's board structure consists of directors, as managers, and board of commissioners, as parties who conduct supervision (Asyik, 2017). The role of the board of commissioners is to oversee the policy of the board of directors in running the company and providing advice to the board of directors.…”

Section: Introductionmentioning

confidence: 99%

Ownership Concentration and Earning Quality: Moderating Role of Board Diversity

et al. 2022

View full text Add to dashboard Cite

Bad management practices that occur in the industry cause a lot of harm to many parties. Bad management practices occur due to managers' efforts to manipulate profits. Bad management practices that are carried out by management will be aggravated if the majority of shareholders participate to press the managers to make a profit manipulation so the earning quality becomes low. The purpose of this research is to find out how ownership concentration affects earnings quality and to determine the ability of directors to reduce the influence of ownership concentration on income quality. The research data used is a manufacturing company registered with the IDX in 2019-2020 with sampling methods using the target population method, that is, a sample determination technique using certain considerations. The data analysis method used is Moderated Regression Analysis (MRA). The results proved that the ownership concentration negatively affects the earning quality and board diversity can moderate the influence of ownership concentration on earning quality. Test results show that Board Diversity can reduce the behavior of Ownership Concentration in performing earnings manipulation

show abstract

“…In the last 15 years, several companies in Indonesia have begun to develop different compensation systems for their employees. If previously the company provided compensation in the form of cash such as payroll, holiday benefits, and bonuses each year, now the company is beginning to apply non-cash compensation such as participation in pension program, participation in insurance program, participation in pilgrimage program and grant of employees stock options [1][2][3][4]. The granting of employee stock options entitles an employee to own a portion of a given company stock in the form of share options.…”

Section: Introductionmentioning

confidence: 99%

Binomial Approach for The Valuation of Employee Stock Option with some features: Vesting Period, Exit Rate, Reload, and Reset

Artiono

Hidayat

2021

E3S Web Conf.

View full text Add to dashboard Cite

An Employee stock option (ESO) is one of compensation that given by company to their employee. It gives right to the employee to buy companies stock in the future with special price that have been agreed when the options were granted. In general, the valuation of ESO pricing is different with other option pricing. ESO have some features which accommodate company importance and also consider employee behavior. This article aimed to apply the binomial approach for the valuation of ESO by considering some features such as a).Vesting period, which is waiting time to exercise the option, b). Exit rate, which is feature that consider employments shock, c). Reload, a feature that give a new option after the old one had been exercised, d). Reset, a feature that doing reset on the agreement in ESO if stock in “out of money” condition. The valuation of the ESO price have been derived from the five possibility of payoff with consideration of each features involved. This study gave the valuation of ESO which consists of two areas, namely the ESO price after vesting period and ESO price at vesting period.

show abstract

Dampak Struktur Modal Pada Sensitivitas Penerapan Kompensasi Opsi Saham Karyawan Terhadap Kinerja

Cited by 4 publications

References 30 publications

Pengaruh Pemberian Esop Dan Kualitas Auditor Terhadap Keinformatifan Laba Dimoderasi Kepemilikan Manajerial

Pengaruh Pemberian Esop Dan Kualitas Auditor Terhadap Keinformatifan Laba Dimoderasi Kepemilikan Manajerial

Ownership Concentration and Earning Quality: Moderating Role of Board Diversity

Binomial Approach for The Valuation of Employee Stock Option with some features: Vesting Period, Exit Rate, Reload, and Reset

Contact Info

Product

Resources

About