scholarly journals TINGKAT MANAJEMEN LABA PADA BERBAGAI TAHAP SIKLUS HIDUP PERUSAHAAN DI INDONESIA

2020 ◽  
Vol 1 (2) ◽  
pp. 311-328
Author(s):  
Amelia Hartono ◽  
Muhammad Hadyan ◽  
Rinaningsih ◽  
Retno Yuliati
Keyword(s):  
Life Cycle ◽  
Earnings Management ◽  
Growth Stage ◽  
Stock Exchange ◽  
Mature Stage ◽  
Public Companies ◽  
Management Level ◽  
Anova Model ◽  
Life Cycle Stages ◽  
Significant Difference

This research is conducted to examine the differences in earnings management level at various company life cycle stages in Indonesia, especially for public companies which listed on Indonesia Stock Exchange from 2002 to 2016. This research uses a sample of 4,400 observational data which obtained by purposive sampling from Capital IQ. To determine the stage of the company life cycle, this research uses Dickinson's (2011) model criteria by dividing the company life cycle into five stages: introduction, growth, mature, shake-out, and decline. This research is tested with the ANOVA model and proves that there is a significant difference in the level of earnings management in the decline, introduction, and shake-out companies compared to the growth stage. However, the results of this study proves that the value of earnings management in growth and mature stage companies are not significantly difference.

scholarly journals Corporate Life Cycle and the Explanatory Power of Risk Measures versus Performance Measures

2011 ◽  
Vol 2 (6) ◽  
pp. 199-206 ◽  
Author(s):  
Hamed Omrani ◽  
Saber Samadi . ◽  
Ahmad Kazemi Margavi . ◽  
Hamid Asadzadeh . ◽  
Hemad Nazari .
Keyword(s):  
Life Cycle ◽  
Performance Measures ◽  
Regression Models ◽  
Stock Exchange ◽  
Risk Measures ◽  
Explanatory Power ◽  
Financial Information ◽  
Mature Stage ◽  
Life Cycle Stages ◽  
Corporate Life Cycle

The major aim of this paper is to compare the explanatory power of risk measures versus performance measures in different life-cycle stages. To test the hypotheses, first, sample firms were classified into three life-cycle stages (Growth, Mature and Decline). Then, using regression models and Vuong's Z-statistic, the hypotheses were investigated. In this study, financial information of 75 firms which were accepted at Tehran’s Stock Exchange (TSE) from 2003 to 2008 (450 firm-years) was examined. The results of this study show that in growth and decline stages, the explanatory power of risk measures is significantly higher than performance measures and in mature stage, the opposite is true.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI PAY OUT POLICY PADA PERUSAHAAN PUBLIK THAILAND

2019 ◽  
Vol 5 (2) ◽  
pp. 57-65
Author(s):  
Ditha Hena Savira ◽  
Agustini Hamid
Keyword(s):  
Life Cycle ◽  
Cash Flow ◽  
Growth Stage ◽  
Free Cash Flow ◽  
Mature Stage ◽  
Public Companies ◽  
The Public ◽  
Panel Data Regression ◽  
Investment Opportunities ◽  
High Investment

We investigate the relationship between Free Cash Flow, Life Cycle and Dividend pay out policy in the Thailand Capital Market. Using panel data regression, we find life cycle and profitability negatively affect the pay out policy. While free cash flow, leverage, firm size, GDP and inflation do not have any impact on pay out policy. In line with DeAngelo, dividends tend to follow the pattern of the company’s life cycle. Companies that are in the mature stage are more likely to pay dividends because at this stage the company has a large amount of profits and low investment opportunities. While companies that are still in the growth stage (growth) are more likely to not pay dividends because at this stage the company has a high investment opportunities, nevertheless they have limited funding. As found in many emerging countries, the Public Companies in Thailand are mostly in growth stage, thus no wonder that profits are used to finance the company’s internal needs

scholarly journals The Impact of Business Life Cycle and Performance Discrepancy on R&D Expenditures-Evidence from Taiwan

2017 ◽  
Vol 6 (3) ◽  
pp. 135 ◽  
Author(s):  
Shu-Chin Chang ◽  
She-Chih Chiu ◽  
Pei-Cheng Wu
Keyword(s):  
Life Cycle ◽  
Growth Stage ◽  
Stock Exchange ◽  
Mature Stage ◽  
Maturity Stage ◽  
Taiwan Stock Exchange ◽  
Cycle Growth ◽  
And Performance ◽  
Performance Discrepancy ◽  
The Impact

The purpose of this study is to examine the impact of business life cycle and performance discrepancy on Research and Development (R&D) expenditure. Specifically, we argue that managers of firms in different stages of business life cycle make R&D decisions according to their perception of performance discrepancy. We investigate three stages of business life cycle: growth stage, maturity stage, and stagnant stage. Based on a sample of firms listed in Taiwan Stock Exchange, we find that managers of firms in the growth stage tend to increase R&D expenditure when they experience positive performance discrepancy. This implies that growing firms’ slack-resource-driven behavior is leads to the increase in R&D expenditure. There is some evidence that managers of firms in the mature stage tend to increase R&D spending when they experience negative performance discrepancy, indicate that negative performance discrepancy triggers the problem-driven search behavior of managers of mature firms.

scholarly journals Perbedaan Earnings Management Berdasarkan pada Tahapan Life Cycle Perusahaan yang Terdaftar di Bei

2016 ◽  
Vol 18 (3) ◽  
pp. 91
Author(s):  
MI Mitha Dwi Restuti ◽  
Luluk Widyaningrum
Keyword(s):  
Life Cycle ◽  
Earnings Management ◽  
Management Practices ◽  
Stock Exchange ◽  
Management Practice ◽  
Cycle Growth ◽  
Significant Difference

<p><em>This study aimed to find out the differences in the earnings management practice based on the company life cycle (growth , mature ,and stagnant). The samples of this study consists of 224 companies in all sectors except the financial and banking, which were listed in Indonesia Stock Exchange (IDX) during 2010-2012. This study used a Kruskal Wallis test to examine whether there were differences the earnings management practice between each level of the life cycle. The results of the study showed that there were no differences in earnings management practice at each level of the life cycle. Afterward, the earnings management practices between growth and mature level, and between mature, and stagnant level are compared. The result showed that there was a significant difference between the earnings management practice by the companies in the growth and mature level, but there was no significant difference in earnings management practice by the companies in mature</em><br /><em>and stagnant level.</em></p>

scholarly journals Evaluation of the Effect of Company's Life Cycle on the Cost of Equity

2016 ◽  
Vol 10 (12) ◽  
pp. 237
Author(s):  
Mehdi Maranjory ◽  
Samira Keykha
Keyword(s):  
Life Cycle ◽  
Panel Data ◽  
Regression Model ◽  
Growth Model ◽  
Growth Stage ◽  
Cost Of Equity ◽  
Mature Phase ◽  
Significant Difference ◽  
The Cost

The aim of this study is to investigate effect of company's life cycle on cost of stockholders , in this regard, three hypotheses were developed that a sample of 118 companies during the period of 2009 to 2015 were selected in order test them and regression model and panel data was used to analyze hypotheses. In this study, Dickinson (DeAngelo et al., 2006; Dickinson, 2011; Rahmanian, Moghaddam et al., 2014) company life cycle criteria has been used to separate companies to different steps of company life cycle and the Gordon growth model has been used to measure cost of stockholders. The results show that the cost of stockholders has significant difference with each other in mature phase of Company life cycle Compared with recession of company's life cycle. The results also show that cost of stockholders have significant difference with each other compared with recession of company's life cycle in the growth stage of companies life cycle . Finally, the results show that cost of stockholders have significant difference with each other in the Company life cycle birth and decline compared with the record of company's life cycle.

scholarly journals KAJIAN ATAS FAKTOR-FAKTOR YANG MEMPENGARUHI PENGUNGKAPAN LINGKUNGAN (ENVIRONMENTAL DISCLOSURE) PADA PERUSAHAAN PUBLIK DI BEJ PADA TAHUN 2004 - 2005

2007 ◽  
Vol 7 (2) ◽  
pp. 107 ◽  
Author(s):  
Bambang Sudaryono
Keyword(s):  
Data Analysis ◽  
Earnings Management ◽  
Sampling Method ◽  
Stock Exchange ◽  
Analysis Method ◽  
Environmental Disclosure ◽  
Public Companies ◽  
The Public ◽  
The Impact ◽  
Research Show

<p class="Style1"><strong><em>The aim of this research is to analyze the factors that impact the public companies' </em></strong><strong><em>enviromental disclosure and also to analyze the impact of corporate (company's size, age, </em></strong><strong><em>ROA and earnings management) on coprporate disclosure (mandatory and voluntary). Data </em></strong><strong><em>are obtained from 60 companies, which are listed on Jakarta Stock Exchange, and </em></strong><strong><em>selected based on the purposive sampling method. The data analysis method is used the </em></strong><strong><em>path analysis. The result of this research show that on the significant rate of 5%, the </em></strong><strong><em>company's size, ROA, earnings management and </em></strong><em>corporate </em><strong><em>disclosure have a significant </em></strong><strong><em>effect </em></strong>to <strong><em>environmental disclosure. While for the company's age and financial leverage </em></strong><strong><em>have no significant effect to the environmental disclosure.</em></strong></p><p class="Style1"><strong><em>Keywords: Enviromental disclosure, company's size, company's age, ROA and coprporate disclosure.</em></strong></p>

scholarly journals Observations on nesting activity, life cycle, and brood ball morphometry of the Bordered Dung Beetle Oniticellus cinctus (Fabricius, 1775) (Coleoptera: Scarabaeidae) under laboratory conditions

2019 ◽  
Vol 11 (9) ◽  
pp. 14137-14143
Author(s):  
Amar Paul Singh ◽  
Kritish De ◽  
Shagun Mahajan ◽  
Ritwik Mondal ◽  
Virendra Prasad Uniyal
Keyword(s):  
Life Cycle ◽  
Total Duration ◽  
Dung Beetle ◽  
Brood Chamber ◽  
Laboratory Conditions ◽  
Life Cycle Stages ◽  
Significant Difference ◽  
Ball Diameter ◽  
Nesting Activity ◽  
First Time

The nesting activity, life cycle, and brood ball morphometry of the dung beetle Oniticellus cinctus (Fabricius, 1775) (Coleoptera: Scarabaeidae) were studied under laboratory conditions for the first time in India.  The females made a brood chamber within the dung mass provided, wherein they made brood balls to lay eggs.  The life cycle includes egg, larva (three instars), pupa, and adult stages.  The total duration for the development was about one month.  The study found that there was a significant difference present in the brood ball diameter (except in the first and second instars) and brood ball weight (except in the second instar and pupa) of the six life cycle stages.  It was also found that brood ball weight and diameter have a significant positive correlation as well as a linear relationship.  

scholarly journals Capital Structure Theories and Speed of Capital Adjustment towards Target Capital Structure along Life Cycle Stages of Asian Manufacturing Firms

2020 ◽  
Vol 6 (1) ◽  
pp. 53-62
Author(s):  
Muhammad Sajid Amin ◽  
Hashim Khan ◽  
Imran Abbas Jaddon ◽  
Muhammad Tahir
Keyword(s):  
Life Cycle ◽  
Capital Structure ◽  
Manufacturing Firms ◽  
The Other ◽  
Mature Stage ◽  
Costs And Benefits ◽  
Speed Of Adjustment ◽  
Capital Adjustment ◽  
Life Cycle Stages

Purpose: Firms have different costs and benefits and asymmetric information across their life cycle stages and hence each stage has different financial pattern and speed of adjustment towards target capital. Methodology: We use System GMM to test the hypotheses. We use market leverages proxies for the capital structure, life cycle proxies: introduction, growth, mature, shakeout and decline and the control determinants of capital structure such as profitability, tangibility, firm size and growth opportunities. We estimate the financial pattern and speed of adjustment along life cycle stages of manufacturing firms from eleven Asian economies over the period of 2010-2018. Findings: The results show that firms in earlier stages have more long term debt than mature stage. The speed of adjustment towards target capital structure is highest in mature stage than the other stages. The control determinants significantly affect market leverages. Implications: The findings suggest that management has to consider life cycle stages of their firms in order to adjust capital structure. Stockholders should consider stage of firm with relation to profitability and capital structure for long term prospects.

scholarly journals THE IMPACT OF IFRS ADOPTION ON EARNINGS MANAGEMENT IN BANKING COMPANIES IN INDONESIA STOCK EXCHANGE

2016 ◽  
Vol 13 (2) ◽  
pp. 176
Author(s):  
Prima Santy ◽  
Tawakkal Tawakkal ◽  
Grace T. Pontoh
Keyword(s):  
Earnings Management ◽  
Stock Exchange ◽  
Research Result ◽  
Control Variable ◽  
T Test ◽  
Test Analysis ◽  
Ifrs Adoption ◽  
Significant Difference ◽  
Before And After ◽  
The Impact

The issue of the IFRSadoption as a standard that can lead to a reduction of earnings management. The research aimed to give empirical evidence concerning the impact of the IFRS adoption on earnings management, and the test of the difference level of earnings management between before and after the IFRS adoption. The research scope focused on the implementation of IFRS adoption particularly in PSAK No. 50 and PSAK No. 55 (revised 2006) concerningfinancial instruments. The research objects were the banking companies listed in Indonesia Stock Exchange for 4 years (2008-2011), i.e. as many as 23 banks. Samples were taken by using the purposive sampling technique. The main variables in this research are IFRS and earnings management,and includes several control variable, among others are, size, financial leverage, market to book value and institutional investors. The data were analyzed usingmultiple regression analysis and different t-test analysis. The research result indicates that the IFRS adoption has not effect the decreaseon the earnings management.Among the four control variables, the variable institutional investor is found not to have theeffect on earnings management, whereas the other three variables haveeffect.The result of the different t-test analysis also indicates that statistically there is not significant difference on the level of the earnings management between before and after IFRS adoption. Thus, based on this study concluded that the adoption of IFRS still allow for the occurrence of earnings management.

Linking firms’ life cycle, capabilities, and green innovation

2019 ◽  
Vol 31 (2) ◽  
pp. 284-305
Author(s):  
Adeel Tariq ◽  
Yuosre F. Badir ◽  
Umar Safdar ◽  
Waqas Tariq ◽  
Kamal Badar
Keyword(s):  
Life Cycle ◽  
Growth Stage ◽  
Process Innovation ◽  
Innovation Performance ◽  
Mature Stage ◽  
Technological Capabilities ◽  
Green Process ◽  
Content Type ◽  
Green Process Innovation ◽  
The Relationship

Purpose The purpose of this paper is to investigate the relationship between firms’ life cycle stages (mature vs growth) and green process innovation performance. In addition, this research delineates the mechanism by which the mature stage firms are more strongly associated with green process innovation performance compared to growth stage firms and recognizes technological capabilities as a mediating variable fundamental to achieve a higher level of green process innovation performance. Design/methodology/approach This research collected data from 202 publicly listed Thai manufacturing firms. Initially, it used multiple regression analysis to test the relationship between mature stage firms and green process innovation performance compared to the relationship between growth stage firms and green process innovation performance. Later, this research followed Muller et al. (2005) to test the mediating role of technological capabilities and conducted (Sobel, 1982, 1986; Preacher and Hayes, 2004) tests to further validate the mediation effect. Findings The hypothesized relationships were found to be significant, providing a strong support that mature stage firms have higher green process innovation performance compared with growth stage firms. Moreover, the technological capabilities more strongly mediate the relationship between mature stage firms and green process innovation performance compared to growth stage firms and green process innovation performance. Originality/value This research contributes to the existing understanding about the internal drivers of green process innovation performance by incorporating and analyzing the firms’ life cycle stages as an internal driver. This research also contributes by empirically testing the mediating role of technological capabilities on the relationship between firms’ life cycle stages and green process innovation performance.

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