The paper aims to examine the effect of political influence on corporate transparency, and performance of Indonesian listed companies, Seventy-three large public firms from hundred of the largest companies in Indonesi...The paper aims to examine the effect of political influence on corporate transparency, and performance of Indonesian listed companies, Seventy-three large public firms from hundred of the largest companies in Indonesia were selected as the sample. Data for corporate transparency are collected from annual reports for the years 2005-2007. Corporate transparency is indexed by the amount of information disclosed in company＇s annual report. The disclosure index reporting model developed in the current research is based on the Annual Report Award （ARA, an award given annually to Indonesian listed and non-listed companies）, and firm performance is measured using two indicators： ROA （return on assets） and Tobin-Q. The political influence variable is proxied by two indicators： government ownership and the existence of politicians in Board of Directors （BOD）. Results demonstrate that contrary to the hypothesis, government ownership （political influence） has positive relation to corporate transparency, as well as to ROA （firm performance）. Results also support the hypothesis that transparency act as a mediating variable for the relationship between political influence and firm performance. However, when political influence is pmxied by existence of politicians in BOD and fm＇n performance proxied by Tobin-Q, data seems to give support to the hypotheses proposed. The discussion and implications of the findings and suggestions for future research arc discussed.展开更多
“JAPFA及图”商标 申请人PT捷发肯费印尼有限公司(PT．JAPFA COMFEED INDONESIA TBX．)于2000年12月8日在国际分类第16类“包装纸、钢笔”等商品上向商标局提出“JAPFA及图”商标(以下称申请商标)的注册申请。经审查，依据2001年10月2...“JAPFA及图”商标 申请人PT捷发肯费印尼有限公司(PT．JAPFA COMFEED INDONESIA TBX．)于2000年12月8日在国际分类第16类“包装纸、钢笔”等商品上向商标局提出“JAPFA及图”商标(以下称申请商标)的注册申请。经审查，依据2001年10月27日修改前的(商标法)第十七条及2002年9月15日前施行的(商标法实施细则)第十六条的规定，展开更多
The purpose of this research is to examine the impact of financial distress status and corporate governance structures on the level of voluntary disclosure. We apply six independent variables, including the firm＇s fi...The purpose of this research is to examine the impact of financial distress status and corporate governance structures on the level of voluntary disclosure. We apply six independent variables, including the firm＇s financial distress status and five components of corporate governance structures, such as board independence, audit committee independence, institutional ownership, board meeting frequency, and audit committee meeting frequency. This research is carried out by examining the annual reports of 114 non-financial firms listed at the Indonesian Stock Exchange over the period of 2009-2011. To test hypotheses, we undergo two different analyses, including independent samples t-test and Multiple Linear Regression. We find that： （1） The audit committee independence and the audit committee meeting frequency have significant positive impacts on the level of voluntary disclosure; （2） The financial distress status is negatively related to the level of disclosure at various levels of significance; and （3） All the independent variables are simultaneously related to voluntary disclosure.展开更多
文摘The paper aims to examine the effect of political influence on corporate transparency, and performance of Indonesian listed companies, Seventy-three large public firms from hundred of the largest companies in Indonesia were selected as the sample. Data for corporate transparency are collected from annual reports for the years 2005-2007. Corporate transparency is indexed by the amount of information disclosed in company＇s annual report. The disclosure index reporting model developed in the current research is based on the Annual Report Award （ARA, an award given annually to Indonesian listed and non-listed companies）, and firm performance is measured using two indicators： ROA （return on assets） and Tobin-Q. The political influence variable is proxied by two indicators： government ownership and the existence of politicians in Board of Directors （BOD）. Results demonstrate that contrary to the hypothesis, government ownership （political influence） has positive relation to corporate transparency, as well as to ROA （firm performance）. Results also support the hypothesis that transparency act as a mediating variable for the relationship between political influence and firm performance. However, when political influence is pmxied by existence of politicians in BOD and fm＇n performance proxied by Tobin-Q, data seems to give support to the hypotheses proposed. The discussion and implications of the findings and suggestions for future research arc discussed.
文摘“JAPFA及图”商标 申请人PT捷发肯费印尼有限公司(PT．JAPFA COMFEED INDONESIA TBX．)于2000年12月8日在国际分类第16类“包装纸、钢笔”等商品上向商标局提出“JAPFA及图”商标(以下称申请商标)的注册申请。经审查，依据2001年10月27日修改前的(商标法)第十七条及2002年9月15日前施行的(商标法实施细则)第十六条的规定，
文摘The purpose of this research is to examine the impact of financial distress status and corporate governance structures on the level of voluntary disclosure. We apply six independent variables, including the firm＇s financial distress status and five components of corporate governance structures, such as board independence, audit committee independence, institutional ownership, board meeting frequency, and audit committee meeting frequency. This research is carried out by examining the annual reports of 114 non-financial firms listed at the Indonesian Stock Exchange over the period of 2009-2011. To test hypotheses, we undergo two different analyses, including independent samples t-test and Multiple Linear Regression. We find that： （1） The audit committee independence and the audit committee meeting frequency have significant positive impacts on the level of voluntary disclosure; （2） The financial distress status is negatively related to the level of disclosure at various levels of significance; and （3） All the independent variables are simultaneously related to voluntary disclosure.
