Dedhy Sulistiawan
Jurusan Akuntansi Fakultas Bisnis dan Ekonomika Universitas Surabaya

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THE EFFECT OF GENDER IN THE BOARD OF COMMISSIONERS ON COMPANY VALUE WITH FAMILY CONTROL AS A MODERATION VARIABLE IN INDONESIA Limbago, Elsa; Sulistiawan, Dedhy
Review of Management and Entrepreneurship Vol 3 No 2 (2019): Review of Management and Entrepreneurship
Publisher : International Business Management - Universitas Ciputra

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (103.061 KB) | DOI: 10.37715/rme.v3i2.1202

Abstract

Gender has been a concern in the last ten years because gender differences have an impact on communication within the company so that it can affect the value of the company. The majority of companies listed on the IDX are family companies which will have an impact on the composition in the election of the company board. The results of previous studies on the influence of gender are also still inconsistent. This study aims to know the effect of gender on the board of commissioners on firm?s value and the influence of family control in weakening the influence of gender on the board of commissioners on firm?s value. Firm value was measured by using Tobin's Q, PBV and PER. The control variables used were firm size, commissioner size and leverage. The sample used in this research were all companies listed on the IDX except the financial and banking sectors and analyzed using multiple linear regression. The results proved that gender in the board of commissioners has no significant effect on firm value and there is no significant influence on family control in weakening the influence of gender on the board of commissioners on firm value.
The Market Quality to Technical Analysis Performance: Intercountry Analysis Hartono, Jogiyanto; Sulistiawan, Dedhy
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (187.55 KB)

Abstract

The main objective of this research is to discuss the impact of market quality on technical analysis profitability using inter-country analysis. Market quality is proxied by market capitalization. Technical analysis performance (profitability) is calculated using technical analysis return for MA5 indicator and short transaction strategy. This study uses the OSIRIS and Yahoo Finance databases. Using 21 countries with 50 companies for each country, this study finds that market quality affects technical analysis performance. Robustness tests are conducted for longer moving average indicators that are MA10 and MA15. To make sure that the results are not sensitive toward the strategy used, other robustness tests are conducted by using short and long-short transaction strategies. All robustness tests confirm the findings.     
EARNINGS ANNOUNCEMENTS AND COMPETING INFORMATION: THE INDONESIAN EVIDENCE Sulistiawan, Dedhy; Hartono, Jogiyanto; Tandelilin, Eduardus; Supriyadi, Supriyadi
Journal of Indonesian Economy and Business Vol 29, No 1 (2014): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

The main purpose of this study is to provide empirical evidence of the relationship betweeninvestors’ responses to two events, which are, (1) earnings anouncements, and (2) technicalanalysis signals, as competing information. This study is motivated by Francis, et al. (2002),whose study used stock analyst’s recommendations as competing information in the U.S stockmarket. To extend that idea, this study uses technical analysis signals as competing informationin the Indonesian stock market. Using Indonesian data from 2007-2012, this study shows thatthere are price reactions on the day of a technical analysis signal’s release, which is prior toearnings announcements. It means that investors react to the emergence of competinginformation. Reactions on earnings announcements also produce a negative relationship withthe reaction to a technical analysis signal before an earnings announcement. This study givesevidence about the importance of technical analysis as competing information to earningsannouncements.Keywords: competing information, earnings announcements, technical analysis, price reaction
Pengaruh Adopsi IFRS, Pemberian Informasi Nilai Wajar, dan Pengungkapan Jasa Penilai Terhadap Asimetri Informasi Pada Emiten di Indonesia [Impact of IFRS Adoption, Fair Value Information, and Disclosure of Appraiser Services on the Information Asymmetry of Firms in Indonesia] Sari, Felisia Novita; Sulistiawan, Dedhy; Sutanto, Aurelia Carina
DeReMa (Development Research of Management): Jurnal Manajemen Vol 10, No 1 (2015): May
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/derema.v10i1.156

Abstract

This study evaluates the impact of IFRS adoption, fair value information of property, plant, and equipment (PPE), and disclosure of appraiser services into a firms information asymmetry. Information asymmetry is the primary reason for the existence of accounting. Accounting could be a mechanism to enable communication of useful information from insiders to outsiders. IFRS adoption and better disclosure are important factors that avoid exploitation by informed bodies, and protect uninformed investors. Using Indonesian data, this study analyzes two year before and after 2011, an implementation year. This research gives evidence that IFRS adoption is able to decrease information asymmetry. Disclosure of appraiser services is also able to decrease information asymmetry, however, fair value information of PPE is not an important determinant of information asymmetry. Other results present that share prices, share turnover, and firm size can affect information asymmetry. By knowing the factors affecting information asymmetry, information asymmetry problem could be minimized. This study concludes that IFRS implementation and disclosure of appraiser services affect information asymmetry.
REAKSI ASIMETRI ATAS SINYAL BELI DAN JUAL ANALISIS TEKNIS: PENGUJIAN BIAS KONFIRMASI SEBELUM PENGUMUMAN LABA Sulistiawan, Dedhy
Jurnal Keuangan dan Perbankan Vol 19, No 3 (2015): September 2015
Publisher : D-III Keuangan dan Perbankan

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Abstract

The main purpose of this study is to examine asymmetry reaction on buying and selling technical analysis signal before earnings announcements. Behavioral finance theory is used in explaining why confirmation bias stimulates asymmetry reaction to stock return. To support that idea, this article uses technical analysis as an important feature in testing confirmation bias. Using Indonesian stock market data, the results show that technical analysis signal produce higher return in buying signal than selling signal. Investors give different attention in anticipating technical analysis signal around earnings announcements. This finding contributes to behavioral finance and technical analysis studies.
Pengujian Fenomena Underpricing Dengan Studi Eksperimen Sulistiawan, Dedhy
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol 3, No 1 (2010): Jurnal Manajemen Teori dan Terapan - April 2010
Publisher : Departemen Manajemen, Fakultas Ekonomi & Bisnis, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (69.759 KB) | DOI: 10.20473/jmtt.v3i1.2395

Abstract

The purpose of this study is to examine the impact of conflict of interest to the level of IPO price determined by managers. This experiment divides treatment group (the group of participants who have economic benefit from their decision making), and control group (groups with no economic benefit from their decision making). In experiment scenario for treatment group, the managements of IPO companies tend to decrease the price of IPO in order to get financial benefit. Using experimental design, this research shows that participants in treatment group determine lower IPO price than control group. This evidence confirms IPO phenomenon around the world. This research also makes supplementary analysis. The results show that alternative statistical test using GPA and gender of participants as control variable are not statistically significant. It means that the level of IPO price isn’t determined by GPA and Gender, but conflict of interest.
The Market Quality to Technical Analysis Performance: Intercountry Analysis Hartono, Jogiyanto; Sulistiawan, Dedhy
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (187.55 KB) | DOI: 10.22146/gamaijb.5658

Abstract

The main objective of this research is to discuss the impact of market quality on technical analysis profitability using inter-country analysis. Market quality is proxied by market capitalization. Technical analysis performance (profitability) is calculated using technical analysis return for MA5 indicator and short transaction strategy. This study uses the OSIRIS and Yahoo Finance databases. Using 21 countries with 50 companies for each country, this study finds that market quality affects technical analysis performance. Robustness tests are conducted for longer moving average indicators that are MA10 and MA15. To make sure that the results are not sensitive toward the strategy used, other robustness tests are conducted by using short and long-short transaction strategies. All robustness tests confirm the findings.     
PENGARUH SIKAP MACHIAVELLIANISM DAN SOCIAL RESPONSIBILITY TERHADAP PERILAKU TAX AVOIDANCE YANG DILAKUKAN OLEH WAJIB PAJAK DI INDONESIA (JAWA TENGAH DAN JAWA TIMUR) Gunawan, Aditya Santoso; Sulistiawan, Dedhy
CALYPTRA Vol 6 No 2 (2017): Calyptra : Jurnal Ilmiah Mahasiswa Universitas Surabaya
Publisher : Perpustakaan Universitas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (419.286 KB)

Abstract

Penelitian ini bertujuan mengkonfirmasi hipotesis dari peneliti, dimana faktor internal seperti Machiavellianism dan faktor eskternal seperti social responsibility diindikasikan memeiliki signifikansi dari perilaku tax avoidance yang dilakukan oleh wajib pajak khususnya Jawa Tengah dan Jawa Timur dimana dari penelitian terdahulu di luar negeri terdapat fakta bahwa social responsibility dan machiavellianism cenderung memiliki korelasi negatif  Penelitian ini termasuk ke dalam penelitian kuantitatif dan termasuk ke dalam basic research, dimana penelitian ini berfungsi untuk menguji teori atas hipotesa yang telah dibuat peneliti mengenai bagaimana kaitan antara social responsibility dan machaivellianism dengan tax avoidance dimana penelitian ini dilakukan dengan menyebar kuisioner Dalam kehidupan sosial , adanya faktor internal dan eksternal yang mempengaruhi perilaku seseorang, salah satunya perilaku mengenai Tax Avoidance. Faktor internal yaitu Machiavellianism dimana perilaku ini cenderung merugikan orang lain serta faktor eksternal yaitu social responsibility dimana perilaku ini cenderung terbentuk karena lingkungan sekitar. Dari hasil penelitian, didapatkan hasil bahwa semakin tinggi tingkat Machiavellianism maka semakin tinggi orang untuk melakukan tax avoidance, sedangkan semakin tinggi tingkat social responsibility maka seseorang cenderung untuk melakukan tax avoidance. Hal ini agak unik karena di Indonesia adanya ketidakpercayaan terhadap birokrasi pemerintahan yang cenderung korup membuat adanya kompensasi perilaku tanggung jawab sosial ke bidang lainnya selain pajak. 
APAKAH TINGKAT KONSERVATISME MEMPENGARUHI PER DAN ECR ? Gunawan, Nita; Sulistiawan, Dedhy
Jurnal Analisis Bisnis Ekonomi Vol 8 No 1 (2010): Volume 8, Nomor 1, April 2010
Publisher : Universitas Muhammadiyah Magelang

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Abstract

The purpose of this research is try to test the impact of conversatism level to PER and ERC. Theorically, conversatism accounting will show lower income. Lower income will produce lower EPS, but educated user of financial reporting will adjust it to higher market value because of more quality reported income. On ERC persprective, conversatism will decrease relevance, because it presents lower income and asset that should be reported. Using several statistical tests, the result show that conversatism lever to PER and ERC show no statistical relation. It means that market tent to consider on relevance than reliability of accounting information. This phenomenon supports to the IFRS adoption for Indonesian standard.
PENGARUH KARAKTERISTIK DEWAN KOMISARIS TERHADAP AGGRESSIVE TAX PALNNING PADA PERUSAHAAN YANG TERDAFTAR DI BEI PERIODE 2013-2015 Gunawan, Elissa Virginia; Sulistiawan, Dedhy
CALYPTRA Vol 7 No 1 (2018): Calyptra : Jurnal Ilmiah Mahasiswa Universitas Surabaya
Publisher : Perpustakaan Universitas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (477.003 KB)

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh karakteristik dewan komisaris terhadap aggressive tax planning pada perusahaan yang terdaftar di BEI periode 2013-2015 di Indonesia. Penelitian ini menggunakan profitabilitas (ROA) dan ukuran perusahaan sebagai variabel kontrol. Aggressive tax planning pada penelitian ini diukur dengan effective tax rate sebagai variabel dependen. Populasi dalam penelitian ini adalah perusahaan-perusahaan yang terdaftar di Bursa Efek Indonesia selama periode 2013 sampai dengan 2015. Hasil pengujian menunjukkan bahwa tidak ada  pengaruh antara karakteristik dewan komisaris yang diukur menggunakan gender, komisaris independen, dan ukuran dewan.