Does equity compensation induce executives to maximize firm value or their own personal wealth?

Henry, Theresa F.

doi:10.1108/s1041-7060(2010)0000015008

Cited by 6 publications

(5 citation statements)

References 63 publications

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“…The results of the research (Borgholthaus et al, 2021)show that the board of directors, independent commissioners, and institutional ownership positively influence the company's stock price. In contrast, research conducted by Henry (2010)shows that the mechanism of good corporate governance, as measured by the board of commissioners, has no effect or has a negative effect on market reactions measured by stock prices.…”

Section: Introductionmentioning

confidence: 91%

Examining the Relationship between Good Corporate Governance and Company Size on Stock Prices in Manufacturing Companies Listed on the Indonesia Stock Exchange

Nur

Ibrahim

Sonjaya

et al. 2022

GRFM

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This study aims to determine the impact of excellent corporate governance ownership structure on the firm size on stock prices in manufacturing companies listed on the Indonesia Stock Exchange, both simultaneously and partially. According to the findings, good corporate governance, as evaluated by the board of directors and the commissioners, negatively and substantially impacts stock prices. In contrast, the audit committee has a positive and significant impact on stock prices. The natural logarithm of total assets, which measures the size of a company, has a favorable effect on stock prices. The more the company's total investments in the 52 issuers, the higher the share price. Managerial ownership has a positive but not statistically significant effect on stock prices, whereas institutional ownership has a negative and statistically significant impact. The increase in institutional ownership will cause stock prices to fall.

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Section: Introductionmentioning

confidence: 91%

Examining the Relationship between Good Corporate Governance and Company Size on Stock Prices in Manufacturing Companies Listed on the Indonesia Stock Exchange

Nur

Ibrahim

Sonjaya

et al. 2022

GRFM

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“…Individuals as tax subjects can reside in Indonesia or outside Indonesia. According to Henry (2010) that from a legal perspective, taxpayers must meet subjective and objective requirements. Subjective requirements are met if an individual who resides in Indonesia for more than 183 (one hundred and eighty-three) days within a period of 12 (twelve) months, or an individual who within one tax year is in Indonesia and has the intention to reside in Indonesia who referred to as individual taxpayers or entities established or domiciled in Indonesia which is referred to as corporate taxpayers.…”

Section: "And Say: Work You Then Allah and His Messenger And The Beli...mentioning

confidence: 99%

Islamic Service Ethics and Organizational Culture on Service Quality and Taxpayer Satisfaction

Akob

Akob²,

Amin³

2022

ATESTASI

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The purpose of this study is to analyze Islamic Service Ethics and Organizational Culture on Service Quality and Taxpayer Satisfaction at the Office of the Wajo Samsat Revenue Technical Implementation Unit. This study uses a quantitative approach (Quantitative approach), performs data analysis procedures with statistical equipment and aims to test hypotheses. Between one variable and another or how a variable affects other variables through hypothesis testing. This data is directly obtained from field research through direct observation of the object to be studied through data collection techniques in the form of interviews, questionnaires, and observations. In this study, the population selected were all 4-wheeled vehicle taxpayers in Samsat, Wajo district. Based on the data that has been collected and hypothesis testing with Smartpls. The results showed that Islamic service ethics had a positive and significant effect on service quality. Organizational culture has a negative and significant effect on service quality. Islamic service ethics have a positive and significant effect on taxpayer satisfaction. Organizational culture has a negative and significant effect on taxpayer satisfaction. Service quality has a positive and significant effect on taxpayer satisfaction. Islamic service ethics have a positive and significant effect on taxpayer satisfaction through service quality. Organizational culture has a negative and significant effect on taxpayer satisfaction through service quality.

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“…These shareholders appoint managers to act on their behalf, but the manager and shareholder's interests may not be perfectly aligned. Managers may act opportunistically to pursue their own interests rather than those of shareholders (Henry, 2010) [2]. Such opportunism may take place in spite of internal and external monitoring mechanisms aimed to protect shareholder interests.…”

Section: Accounting Failures and The Global Financial Crisismentioning

confidence: 99%

Accounting as an Instrument of Social Justice

Henry

Murtuza

Weiss

2015

JSS

Self Cite

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This article builds upon calls for a shift in the paradigm of the accounting discipline, away from preparing or certifying financial reporting of management activities aimed at maximizing shareholder wealth toward recognition that businesses must also be accountable to other stakeholders and indeed the community at large. If individuals in business apply a sound moral compass to their activities and decisions, we believe that commerce can shift toward outcomes that may not only satisfy shareholders but also contribute to the common good. In this article, we are concerned with the role of accounting and business education. We enumerate recommendations toward achieving this paradigm shift from profit maximization to social justice. In some cases, the instructor may implement changes in their pedagogy at their discretion, while in other cases the change may require approval at the department or at higher levels of the university administration. We begin with a discussion of recent accounting and financial reporting failures as well as the global financial crisis. The dangers created by risky practices of financial institutions "too big to fail" and the systemic risk of a global marketplace have not been resolved. We articulate the need for ethics in the accounting and business curricula, a need that is hardly satisfied by the one course typically offered by universities at the graduate level. We propose that businesses and the accounting profession can realize change by redefining accounting as an instrument of accountability. To accomplish this change, each university must critically examine its curricula and reflect topics and material most important to ethical and moral behavior, including borrowing from the liberal arts disciplines. Finally, this article shows how an interfaith approach grounded in social justice to infuse ethical and moral behavior within the accounting curriculum can work.

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Does equity compensation induce executives to maximize firm value or their own personal wealth?

Cited by 6 publications

References 63 publications

Examining the Relationship between Good Corporate Governance and Company Size on Stock Prices in Manufacturing Companies Listed on the Indonesia Stock Exchange

Examining the Relationship between Good Corporate Governance and Company Size on Stock Prices in Manufacturing Companies Listed on the Indonesia Stock Exchange

Islamic Service Ethics and Organizational Culture on Service Quality and Taxpayer Satisfaction

Accounting as an Instrument of Social Justice

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