This study aimed to test the usefulness of accounting information and market of the CEO turnover issues in Indonesia. The results of this study is planned for the long term to capture the overall factors that affect CEO turnover in Indonesia, not only from the accounting side but also from market side, so it can make a significant contribution for the company strategy to determine the corporate governance' setting. Previous research show inconclusive results about CEO turnover is whether the antecedent factors and consequences. Also, the issue of CEO turnover research is still very rarely done in Indonesia, since the turn of information not generally available. The sample used is all firms that are identified through the turn (either routine or nonroutine) in the company's top management level (in this case is President Director). The main advantage of this study is to use the sample all firms that conduct the CEO turnover period 1998-2005, and subsequently determine the accounting variables that allegedly able to explain these changes. For the companies that during the year observations is never do turnover action we define as a control sample. Final sample that we used for testing accounting data is as much as 140 companies, consisting of 81 companies that make the turnover and the 59 companies that did not. For the final sample testing of market data totaled 131 firms, consisting of 77 companies that make the turnover and the 54 companies that did not. Final sample for the second data source is set after considering the availability of data and the confounding effects during the observation period. Both of accounting data and market data are tested using logit models (separately), because the dependent variable used is a binary variable, 1 for turnover and 0 for others. The results of test show that accounting data (i.e. Total Asset, Total Sales, ROA, ROE and Earnings), statistically have a negative significant effect of turnover decisions while CurRatio and D/ Equity is not significant. The results of test for market data show the performance of stock prices statistically negative significant effect, while market risk have a statistically positive significant effect. This finding is consistent with previous research which states that in the CEO turnover decision making, the company will consider the performance of accounting and market performance achievements of the CEO. From the results of different test using paired samples t-test, we found the stock price rose significantly after the turn while the risk of being seen significant decreases. These findings reveal a positive response to the changing market. And finally, from the analysis of this study we conclude that the better performance of both (accounting and market) then there is a tendency for the incumbent CEO who will not be fired and the worse the performance of both the CEO who is appointed will have the potential to be replaced (down position or enter to the board of commissioners) and fired from the company as ultimatelly.

This study aims to empirically test the effects of auditor rotation and auditor tenure on an auditor's independence in companies listed on the Indonesia Stock Exchange during the years 2002-2010. This study using logistic regression estimation technique. The results show that, statistically, the auditor's tenure has significant negative effects on the auditor's independence, measured by the tendency to give a 'going concern' opinion. Furthermore, the results also show significant differences between the effects of short and long term tenures on the auditors' independence. Auditor rotation has significant positive effects on the auditors' independence. Abstrak: Penelitian ini bertujuan untuk menguji secara empiris pengaruh rotasi auditor dan masa kerja auditor terhadap independensi auditor pada perusahaan yang listed di Bursa Efek

Interaction and linkages between business and information technology (IT) strategies remain a primary concern among executives. This study aims to gain an in depth understanding of how companies achieve alignment and the policy framework that underlies the efforts, particularly those that are associated with the most dominant factor that contributes to the establishment of strategic alignment, namely IT infrastructure flexibility. For that purpose, the study explored four companies engaged in the field of oil, electricity, and communication by adopting interpretive case study.Data were gathered using triangulation methods via field interviews, artifacts, document analysis, as well as direct observation. The textual data were elaborated by an intentional analysis in order to guide the study in exploring the phenomenon. The study identified elements that reflect IT infrastructure flexibilities namely connectivity, compatibility, modularity, IT staff knowledge and skills, and integration. Those elements cover both technical and behavioral dimensions of a company's components that need to be included in the consideration during the planning phase Abstrak: Keselarasan antara strategi bisnis dan strategi teknologi informasi (TI) tetap menjadi perhatian utama para eksekutif. Penelitian ini bertujuan untuk memperoleh pemahaman mendalam tentang bagaimana perusahaan mencapai keselarasan dan kerangka kebijakan yang mendasari upaya, terutama yang berkaitan dengan faktor yang paling dominan yang memberikan kontribusi terhadap terwujudnya keselarasan strategis, yaitu fleksibilitas infrastruktur TI. Untuk tujuan tersebut, penelitian ini meneliti empat perusahaan yang bergerak di bidang minyak, tenaga listrik, dan komunikasi dengan mengadopsi pendekatan studi-kasus interpretatif.Data dikumpulkan dengan menggunakan metode triangulasi melalui wawancara lapangan, artefak, dokumen analisis, serta pengamatan langsung. Data tekstual dijabarkan dengan mengadopsi pendekatan analisis intensional untuk memandu penelitian dalam mengeksplorasi fenomena keselarasan strategis dalam perusahaan. Studi ini mengidentifikasi unsur-unsur yang mencerminkan fleksibilitas infrastruktur TI yaitu Reksoatmojo et al. 140konektivitas, kompatibilitas, modularitas, pengetahuan dan keterampilan staf TI, dan integrasi. Unsurunsur tersebut memiliki dimensi baik teknis maupun sosial yang perlu dimasukkan dalam pertimbangan selama fase perencanaan strategi perusahaan.

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This study attempts to investigate the issue of the existence of institutional herding in the stock market. The existence is detected in the intraday trade data from the Indonesia Stock Exchange (IDX) during up, down, and stable market condition over the period 2003-2005. By using the model of Lakonishok et al. (1992), it is found that the intensity of the existence of institutional herding at the IDX, on average, is 8.4 percent. Institutional investors do not seem to lead their transactions ina certain characteristic of stock. Most of them follow positive-feedback trading strategy while others follow negative-feedback trading strategy. This study also found that the existence of herd behavior at the IDX did not destabilize the market price in a subsequent period.