Pyramid of  Structure, Pengungkapan Transaksi Pihak Berelasi, dan Tata Kelola Perusahan : Indikasi Ekspropriasi

Malawat, Fadli Fendi; Sutrisno, Sutrisno; Subekti, Imam

doi:10.21067/jem.v14i1.2377

Cited by 5 publications

(21 citation statements)

References 16 publications

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“…Namun demikian, skandal akuntansi yang pernah melanda Enron, WorldCom, Adelphia, dan Tyco di Amerika Serikat telah mengguncang pasar keuangan dunia karena terindikasi melakukan transaksi pihak berelasi yang bersifat opurtunistik (Bona-Sánchez et al, 2017;Malawat, 2018). Keputusan untuk melakukan RPT pada bisnis grub, dapat dipengaruhi oleh kepentingan pemegang saham mayoritas melalui mekanisme kepemilikan piramida (Kang et al, 2014;Malawat et al, 2018;Malawat, 2018). Divergensi hak kontrol yang lebih besar dibandingkan jumlah lembar saham yang dimiliki pada perusahaan (Kang et al, 2014), menyebabkan pemegang saham mayoritas akan lebih leluasa menentukan arah dan kebijakan perusahaan.…”

Section: Pendahuluanunclassified

“…Selain itu, kasus RPT juga menyeret PT Sumalindo Lestari Jaya Tbk (SULI). Berdasarkan Analisa penelitian Kartika et al (2017), Malawat et al (2018), dan Malawat (2018) Masalah agensi antara pemegang saham mayoritas dan minoritas semakin jelas terlihat pada negara-negara emerging market, sehingga menjadi penting untuk di telusuri. Sebab pemegang saham mayoritas akan melakukan aktifitas tunneling terhadap pemegang minoritas, seperti transfer kekayaan perusahaan dengan memanfaatkan RPT (Malawat, 2018;Malawat et al, 2018;Wang et al, 2019).…”

Section: Pendahuluanunclassified

“…Lebih lanjut, hasil penelitian Malawat (2018), dan Malawat et al (2018), tidak menemukan indikasi aktifitas tunneling yang dilakukan oleh perusahaan keluarga dengan memanfaatkan kosentrasi kepemilikanya. Berbeda dengan hasil penelitian Kang et al (2014) dan Utama (2015), bahwa adanya hubungan signifikan positif antara upaya peningkatan kontrol terhadap aktifitas tunneling.…”

Section: Pendahuluanunclassified

“…Variabel dependen yang digunakan pada penelitian ini mengacu kepada penelitian terdahulu Malawat (2018); Malawat et al (2018); Utama (2015). Pengukuran aktivitas tunneling diproksikan pada RPTs dengan menjumlahkan besaran transaksi pihak berelasi pada akun penjualan transaksi pihak berelasi, dan beban atau pembelian transaksi pihak berelasi, sehingga akan dibagikan dengan total ekuitas.…”

Section: Pengukuran Variabelunclassified

“…Pengukuran variabel independen pada penelitian ini mengacu pada penelitian Kang et al (2014), Malawat (2018), dan Malawat et al (2018). Dalam penelitian tersebut, dilakukan pemisahan hak kontrol (Cr) dan hak arus kas (Cf) guna mengidentifikasi implikasi kedua indikator tersebut sebagai visualisasi antara teori agensi dan teori sosioemosional (Alessandri et al, 2018;Jara et al, 2019).…”

Section: Pengukuran Variabelunclassified

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Kepemilikan ultimate perusahaan di Indonesia: Praktik Tunneling

Malawat¹,

Widodo

2022

JEM

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The purpose of this study is to analyze the effect of separation control rights and cash flow rights on tunneling activities. control rights indicator is interpreted through a socioemotional perspective. Furthermore, the main focus of the research is to investigate the divergence between control rights and cash flow right by ultimate structure ownership on tunneling activities through the size of related party transactions (RPTs) from the agency theory. The regression analysis technique was used to test the hypothesis developed in the study, the population is manufacturing companies on the Indonesia Stock Exchange (IDX), with a sampling technique using a purposive sampling method. The results of the study prove a significant influence between control rights on tunneling activities, showing that the motivation for control rights is not socioemotional. Meanwhile, cash flow rights have a significant influence on tunneling activities. Furthermore, the results of the study provide empirical evidence that higher divergence can lead to greater tunneling activities. The theoretical contribution of this research is to visualize agency theory and socioemotional perspective. It is hoped that further research can examine company ownership in Indonesia from a socioemotional perspective.

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Section: Pendahuluanunclassified

Section: Pengukuran Variabelunclassified

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Kepemilikan ultimate perusahaan di Indonesia: Praktik Tunneling

Malawat¹,

Widodo

2022

JEM

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Actions of Expropriation in Family Companies: The Moderating Role of Independent Commissioner’s Control

Pratiwi,

Ruhiyat,

Holiawati

2024

JDM

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This study examines the effects of the pyramid structure and disclosure of related party transactions on acts of expropriation in family companies with the independent commissioner’s control as a moderation. This research is a type of quantitative research. This research uses secondary data from annual reports from 31 family companies in 2017- 2018. The data analysis techniques in this research are descriptive statistics, panel data regression analysis, and moderated regression analysis. The study finds that the pyramid structure does not affect expropriation, while disclosure of related party transactions has a negative effect on expropriation. The interaction test shows that the mediator variable could not mediate the pyramid structure and expropriation. Conversely, the moderating variable is able to moderate the disclosure of related party transactions and expropriation. The results of this research can provide input to policymakers to tighten regulations regarding protection for minority shareholders. In addition, the results of this research will add to the government’s references in expanding rules related to the disclosure of related party transactions, especially regarding the supervision of related party transactions carried out by companies.

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“Membentuk Jati Diri Akuntan” Melalui Nilai Keagamaan

Malawat,

Pelupessy

2023

JEA

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This study aims to shape the identity of accountants through religious values of holiness. Tazkiyah is a method used to explore religious values in order to reposition the accountant's identity. The results of this study indicate that accounting has always had an image of holiness based on religious teachings. Meanwhile, the results of this study have implications for the ethical code of the accounting profession as an identity and as the basis for business practices, which cannot be separated from religious values. Furthermore, the results of this study also provide a solution to the perspective of Hebert Marcuse, who considers modern humans to be one-dimensional men.

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Pyramid of Structure, Pengungkapan Transaksi Pihak Berelasi, dan Tata Kelola Perusahan : Indikasi Ekspropriasi

Cited by 5 publications

References 16 publications

Kepemilikan ultimate perusahaan di Indonesia: Praktik Tunneling

Kepemilikan ultimate perusahaan di Indonesia: Praktik Tunneling

Actions of Expropriation in Family Companies: The Moderating Role of Independent Commissioner’s Control

“Membentuk Jati Diri Akuntan” Melalui Nilai Keagamaan

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