Sidharta Utama, Sidharta
Fakultas Ekonomi dan Bisnis, Universitas Indonesia Jl. Dr. Sumitro Djojohadikusumo (Lkr. Kampus Raya)), Depok

Published : 8 Documents
Articles

Found 8 Documents
Search

Pengaruh Tenure, Rotasi dan Spesialisasi Kantor Akuntan Publik (KAP) Terhadap Kualitas Audit: Perbandingan Sebelum dan Sesudah Regulasi Rotasi KAP di Indonesia Fitriany, Fitriany; Utama, Sidharta; Martani, Dwi; Rosietta, Hilda
Jurnal Akuntansi dan Keuangan Vol 17, No 1 (2015): MAY 2015
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (518.602 KB) | DOI: 10.9744/jak.17.1.12-27

Abstract

Indonesia is a country that not only applied the rule of audit partner rotation, but also audit firm rotation with aim to improve the audit quality. This research tries to investigate the impact of audit firm audit rotation and audit tenure to the audit quality. The audit quality is measured by four earning quality (predictive value, timeliness, representational faithfulness and neutrality perspective). The sample data are the public listed companies from period before the regulation (1999-2001) to period after the regulation (2004-2008). This research finds that in the pre-regulation period, generally there is no impact of audit firm tenure to audit quality. In the after regulation period, audit firm tenure has convex relationship with audit quality from neutrality and timeliness perspectives with minimum point at 10 and 8.3 years (decrease for 10 years and 8.3 years and then increase). As the decrease period is quite long, we can conclude that the relationship between audit firm tenure and audit quality is negative. This research also found that generally no impact of audit rotation on audit quality, but 2 from 8 regression found that audit rotation decrease the audit quality in the pre and after regulation period. Specializations have positive impact to audit quality. Mandatory audit firm rotation may not be the most efficient way to enhance audit quality.
The Combined Effects of Financial Derivatives and Discretionary Accruals on the Value Relevance of Earnings and the Book Value of Equity Murwaningsari, Etty; Utama, Sidharta; Rossieta, Hilda
Gadjah Mada International Journal of Business Vol 17, No 2 (2015): May-August
Publisher : Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (364.617 KB) | DOI: 10.22146/gamaijb.6909

Abstract

This study aimed to understand (1) the association between the use of discretionary accruals and financial derivatives, taking into consideration the implementation of revised PSAK 55 (1999), which was adopted from SFAS 133; (2) the combined effects of derivatives and discretionary accruals on the value relevance of earnings and equity. The analysis used panel data regressions and the Wald test over the period from 2001-2008. The results showed a positive or complementary association between derivatives and discretionary accruals. The positive association implied that managers tended to intensify the use of discretionary accruals to offset a higher use of derivatives. Price and return models demonstrated negative significant effects of derivatives on the value relevance of earnings. The return model showed negative significant effects of discretionary accruals on the value relevance of earnings but negative effects on the value relevance of equity with the price model.
TAX AVOIDANCE, RELATED PARTY TRANSACTIONS, CORPORATE GOVERNANCE AND THE CORPORATE CASH DIVIDEND POLICY Sari, Dewi Kartika; Utama, Sidharta; Rossieta, Hilda
Journal of Indonesian Economy and Business Vol 32, No 3 (2017): SEPTEMBER
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (537.841 KB) | DOI: 10.22146/jieb.28658

Abstract

This study aims to investigate the relationship between tax avoidance, related party transactions and the corporate dividend policy. Furthermore, this study will also investigate the moderating effects of the implementation of Corporate Governance (CG) on the relationship between tax avoidance, Related Party Transactions (RPT) and corporate dividend policies. Our sample covers companies listed on the Indonesian Stock Exchange during 2011-2014. The results provide moderate support for the proposed hypotheses. First, the greater tax avoidance that a company makes will increase the size of the firms RPT. Second, the higher that the companys RPT is, this will lower the companys cash dividend payout rate. Third, the greater the tax avoidance is, the lower the companys cash dividend payout rate will be, which is done through a related party transaction.Fourth, the impact of the implementation of strong CG will weaken the positive relationship between corporate tax avoidance and the company’s RPT size, strengthen the negative relationship between the RPT’s size and the cash dividend payout policy of the firm, and strengthen the negative relationship between the company’s tax avoidance and the companys cash dividend payout policy which is mediated by the company’s RPT. This study makes three contributions. First, this study shows an indirect relationship between tax avoidance and cash dividend payments, mediated by RPT. Second, this study tries to examine the effect of CG’s moderation on the relationship between tax avoidance and RPT, as well as the effect of CG’s moderation on the relationship between tax avoidance and cash dividend payments, mediated by RPT. Third, this study developed RPT measurements by looking at the RPT’s components more specifically (looking at components of transactions outside of the main business of the company - the "others" component).
Do Financial Reporting Quality and Corporate Governance Have Simultaneous Effect? Evidence from Indonesian Manufacturing Companies Arieftiara, Dianwicaksih; Utama, Sidharta
AKRUAL: JURNAL AKUNTANSI Vol 9, No 2: AKRUAL: Jurnal Akuntansi (April 2018)
Publisher : UNIVERSITAS NEGERI SURABAYA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jaj.v9n2.p168-185

Abstract

Financial reporting reflects transparency of the firm and if it could not explain the changes in shareholders’ value in a timely manner; shareholders need additional monitoring mechanism. This study aims to investigate the effect of financial statements’ quality on corporate governance mechanism and to examine the simultaneous effect between both. This study uses earnings timelines as a proxy of financial reporting’s quality; proportion of independent board and board size as proxies of corporate governance mechanism. Using Two Stage Linear Regression (TSLS) and samples consist of manufacturing companies listed on Indonesian Stock Exchange (IDX) in 2015, this study finds that earnings timelines have significant influence on board size; earnings timelines and proportion of independent board have the simultaneous effect; however, it fails to document the simultaneous effect of earnings timelines and ownership concentration. This study is the first that investigates the simultaneous effects of financial reporting quality and corporate governance.
PENGARUH KEPEMILIKAN KELUARGA, KEDEKATAN DIREKSI & KOMISARIS DENGAN PEMILIK PENGENDALI TERHADAP KOMPENSASI DIREKSI & KOMISARIS PERUSAHAAN DI PASAR MODAL INDONESIA Ulupui, I Gusti Ketut Agung; Utama, Sidharta; Karnen, Kresnohadi Ariyoto
Jurnal Organisasi dan Manajemen Vol 11 No 1 (2015)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The purpose of this study was to examine whether family ownership and Directors Commissioner who have close relations with owner has an influence on the compensation of the Board of Directors and Commissioner. This study uses data companies listed in Indonesia Stock Exchange 2004-2006 period, indicating that the higher proportion of families in the company and the lower involvement in the management of the company, the lower the compensation of Directors and Commissioner. This means that if a family is only acting as an owner, but does not have a high involvement in the management of the company, the compensation Board of Directors and commissioner to be more optimal. In other words the family control as the owner of the Commissioner and Directorss compensation is effective. Tujuan penelitian ini adalah untuk menelaah apakah kepemilikan keluarga dan direksi komisaris yang memiliki kedekatan dengan pemilik mempunyai pengaruh terhadap kompensasi direksi komisaris. Penelitian ini menggunakan data perusahaan yang terdaftar di Bursa Efek Indonesia periode 2004-2006. Hasil menunjukkan bahwa semakin tinggi proporsi keluarga dalam perusahaan dan semakin rendah keterlibatannya dalam pengelolaan perusahaan, semakin rendah kompensasi direksi komisaris. Artinya apabila keluarga hanya bertindak sebagai pemilik namun tidak memiliki keterlibatan yang tinggi dalam pengelolaan perusahaan, maka kompensasi direksi komisaris menjadi lebih optimal. Atau dengan kata lain kontrol keluarga sebagai pemilik terhadap kompensasi direksi komisaris berjalan dengan efektif.
Board Characteristics and Firm Performance: Evidence from Indonesia Hidayat, Athalia Ariati; Utama, Sidharta
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 8, No 3 (2015): December 2015 - March 2016
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (130.269 KB)

Abstract

Ownership concentration and bank risk (A study on banking sectors in Indonesia) Karyani, Etikah; Utama, Sidharta
Journal of Economics, Business & Accountancy Ventura Vol 18, No 2 (2015): August - November 2015
Publisher : STIE Perbanas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v18i2.447

Abstract

The purpose of this study is to test empirically the relationship between ownership concentration and risk taking by banks which are proxied by the CAR and LDR (li-quidity ratio). The study was motivated by the limited previous studies that analyze the structure of ownership in financial institutions and the weaknesses in sampling. Our analysis focused on Indonesia because this country has implemented the Basel Accord II standards successfully. This regulatory compliance is expected can control banking risk. Using data from 2009 until 2013 and panel data. We found that the ownership concentration become important determinants of bank liquidity. These findings are expected to provide policy guidance for regulators, especially relating to the ownership structure of the bank. However, the ownership concentration proved to be involved in the management decision to risk taking in banks.
PENGARUH KEPEMILIKAN KELUARGA, KEDEKATAN DIREKSI &Amp; KOMISARIS DENGAN PEMILIK PENGENDALI TERHADAP KOMPENSASI DIREKSI &Amp; KOMISARIS PERUSAHAAN DI PASAR MODAL INDONESIA Ketut Agung Ulupui, I Gusti; Utama, Sidharta; Ariyoto Karnen, Kresnohadi
Jurnal Organisasi Dan Manajemen Vol 11 No 1 (2015)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (211.578 KB)

Abstract

The purpose of this study was to examine whether family ownership and Directors Commissioner who have close relations with owner has an influence on the compensation of the Board of Directors and Commissioner. This study uses data companies listed in Indonesia Stock Exchange 2004-2006 period, indicating that the higher proportion of families in the company and the lower involvement in the management of the company, the lower the compensation of Directors and Commissioner. This means that if a family is only acting as an owner, but does not have a high involvement in the management of the company, the compensation Board of Directors and commissioner to be more optimal. In other words the family control as the owner of the Commissioner and Directorss compensation is effective. Tujuan penelitian ini adalah untuk menelaah apakah kepemilikan keluarga dan direksi komisaris yang memiliki kedekatan dengan pemilik mempunyai pengaruh terhadap kompensasi direksi komisaris. Penelitian ini menggunakan data perusahaan yang terdaftar di Bursa Efek Indonesia periode 2004-2006. Hasil menunjukkan bahwa semakin tinggi proporsi keluarga dalam perusahaan dan semakin rendah keterlibatannya dalam pengelolaan perusahaan, semakin rendah kompensasi direksi komisaris. Artinya apabila keluarga hanya bertindak sebagai pemilik namun tidak memiliki keterlibatan yang tinggi dalam pengelolaan perusahaan, maka kompensasi direksi komisaris menjadi lebih optimal. Atau dengan kata lain kontrol keluarga sebagai pemilik terhadap kompensasi direksi komisaris berjalan dengan efektif.