A new paradigm of Luca Pacioli’s bookkeeping on blockchain phenomenon

Cahyono, Suham; Haider, Imran; Sawarjuwono, Tjiptohadi

doi:10.17977/um004v10i12023p052

Cited by 3 publications

(9 citation statements)

References 36 publications

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“…Managers, who typically possess more information about the company's operations and prospects, may make investment decisions influenced by various motivations. For example, they may be driven by the prospect of advancing to higher management positions or receiving compensation tied to the success of their investments [15,17,18].…”

Section: Cash Holding and Investment Efficiencymentioning

confidence: 99%

“…Financial cash utilization refers to a firm's ability to effectively manage and allocate internal and external funds through appropriate financial policies [13,14]. The primary variable examined in this study is cash holdings, which is measured by dividing the sum of cash and cash equivalents by the total assets of the firm [16,17]. To capture the impact of the COVID-19 pandemic, a moderating variable labelled as COVID-19 (COV) is introduced.…”

Section: Operational Definition and Variable Measurementmentioning

confidence: 99%

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Strengthening Corporate Cash Holdings and Investment Efficiency in the COVID-19 Pandemic: Some Empirical Evidence from Indonesia Emerging Markets

Cahyono,

Ardianto

2024

jak

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This study explores the connection between the amount of cash a company holds and its effectiveness in making investments, as well as the effect of the COVID-19 pandemic. The researchers analyzed a dataset consisting of 2721 observations from Indonesian publicly listed firms between 2013 and 2020, excluding the financial industry (SIC 6). They utilized multiple linear regression analysis to investigate how cash holding influences investment efficiency and how the COVID-19 pandemic affects this relationship. The research approach employed was quantitative. The results indicate that a higher cash holding has a negative impact on investment efficiency. The uncertainty caused by the COVID-19 outbreak has significantly affected corporate cash flows, impeding business activities. Additionally, robustness tests were conducted to address concerns regarding potential bias, and the results consistently aligned with the ordinary least squares (OLS) estimation. These findings are significant for investors, potential investors, and management, providing insights into the interplay among cash holding, investment efficiency, and the COVID-19 Pandemic.

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Section: Cash Holding and Investment Efficiencymentioning

confidence: 99%

Section: Operational Definition and Variable Measurementmentioning

confidence: 99%

Strengthening Corporate Cash Holdings and Investment Efficiency in the COVID-19 Pandemic: Some Empirical Evidence from Indonesia Emerging Markets

Cahyono,

Ardianto

2024

jak

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“…Hypotheses 1: School-ties between CEO and CFO positively related to Earnings Management's company Apart from the top management (CEO and CFO), other employees in the company also play a significant role in determining earnings management and participate in decision-making processes. The CEO and CFO can collaborate to achieve their primary goals, and the most substantial collaboration is the closest collaboration that can represent cooperation and obscure its direct influence (Cahyono, Haider, & Sawarjuwono, 2023;Feng et al, 2011). However, their relationship must be avoided from the existence of professional bias with auditors that can develop from the same educational background.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

The School-ties Between Top Management Executive and Audit Partner: Exploring From Earnings Management in Indonesia

Soeprajitno,

Ningsih,

Harymawan

et al. 2023

Sage Open

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The objective of this study is to investigate the impact of school ties between top management executives, such as the Chief Executive Officer and Chief Financial Officer, and external parties, including auditors, on a company’s earnings management practices. This study uses fixed effect regression method to test the hypotheses, whether school ties between top management executives and audit partner will affect on the practical earnings management. The authors obtained sample from Indonesia Stock Exchange Commission during 2010 to 2022 and includes several causality tests to robust the empirical result from current study. Our findings suggest a noteworthy positive association between school-ties linking the Chief Executive Officer (CEO) and the Auditor with Earnings Management. However, our analysis reveals that other combinations of school ties exhibit an opposite effect. The findings of this study suggest that ties between internal and external parties within a company may be a factor that investors should carefully consider when evaluating the accuracy and reliability of financial reports. As such, it may be prudent to avoid investing in such companies. Despite prior research extensively examining the measurement of accrual-based earnings management, the literature lacks discussion regarding its association with the potential influence of ties. Thus, this study aims to fill this gap by investigating the relationship between top management school ties and earnings management.

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“…This shapes people's mindset towards the political parties that occur. Studies conducted by [1] and [9,13,15] showed that trading on exchanges resulted in several stocks turning red in unstable global economic conditions. This indicates that the macroeconomic and business environment uncertainty can impact people's investment patterns [16,18,19,34].…”

Section: Introductionmentioning

confidence: 99%

“…The movement of the stock price reflects the issuer's performance; when the issuer has a good performance, the stock price will increase [11,13,15]. In addition, the stock price becomes the right measure to show the effectiveness of an issuer, an issuer with a high share price also indicates a high company value.…”

Section: Introductionmentioning

confidence: 99%

The Nexus between Corporate Financial Ratio and Price Earnings Performance: Evidence from President Election Period in Indonesia

Cahyono,

Fernando,

Primasatya

2023

jak

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This research aims to obtain an empirical overview of the influence of financial performance on stock prices in situations of political uncertainty in Indonesia. Our sample includes all non-financial public companies listed on the Indonesia Stock Exchange from 2011 to 2019, totalling 1,899 company-years. This study uses fixed-effects regression to test the hypothesis. The researchers found that financial performance positively and negatively affects stock prices. Specifically, we found a negative relationship between financial performance proxied by Return on Equity and Debt to Ratio. In contrast, liquidity, return on Assets, and Net Profit Margin have a negative effect on financial performance. Furthermore, our evidence becomes unique when in conditions of political uncertainty, where more financial performance has a negative impact on stock prices. This study provides practical and theoretical implications to fill gaps in previous literature regarding financial performance and its influence on stock prices.

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A new paradigm of Luca Pacioli’s bookkeeping on blockchain phenomenon

Cited by 3 publications

References 36 publications

Strengthening Corporate Cash Holdings and Investment Efficiency in the COVID-19 Pandemic: Some Empirical Evidence from Indonesia Emerging Markets

Strengthening Corporate Cash Holdings and Investment Efficiency in the COVID-19 Pandemic: Some Empirical Evidence from Indonesia Emerging Markets

The School-ties Between Top Management Executive and Audit Partner: Exploring From Earnings Management in Indonesia

The Nexus between Corporate Financial Ratio and Price Earnings Performance: Evidence from President Election Period in Indonesia

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