Buruan cepetan

Klik Iklan Ini anda akan Tahu Ke untungan yang anda Dapat.... Buruan Klik ya

Lencana Facebook

Game Online Libertyreserve

HeadTail

Head and Tail WIN Data ini merupakan data real yang muncul di HeadTail
Tgl Ganjil Tgl Genap WIN BET
No Win No. Win Percent (%) WIN
51 Tail 56 Tail 90 Tail
31 Tail 15 Head 10 Min BET
29 Tail 14 Tail 90 Tail
45 Head 15 Head 90 Head
45 Head 46 Head 90 Head
53 Tail 42 Head 10 Min BET
39 Tail 55 Tail 90 Tail
50 Head 27 Head 90 Head
55 Tail 57 Head 10 Min BET
01 Tail 58 Head 10 Min BET
29 Tail 57 Head 10 Min BET
10 Tail 04 Tail 90 Tail
22 Tail 30 Head 10 Min BET
45 Head 55 Tail 10 Min BET
40 Tail 21 Head 10 Min BET
45 Head 36 Head 90 Head
46 Head 54 Head 90 Head
17 Tail 38 Head 10 Min BET
02 Head 29 Tail 10 Min BET
48 Tail 24 Head 10 Min BET
32 Head 59 Tail 10 Min BET
23 Tail 01 Tail 90 Tail
22 Tail 27 Head 10 Min BET
36 Head 31 Tail 10 Min BET
24 Head 11 Head 90 Head
36 Head 07 Tail 10 Min BET
59 Tail 59 Tail 100 Tail
26 Tail 57 Head 10 Min BET
11 Tail 03 Head 10 Min BET
19 Head 27 Head 90 Head
23 Tail 57 Head 10 Min BET
59 Tail 00 Head 10 Min BET
14 Tail 34 Head 10 Min BET
03 Tail 30 Head 10 Min BET
56 Tail 25 Tail 90 Tail
40 Tail 48 Tail 90 Tail
16 Tail 42 Head 10 Min BET
48 Tail 52 Tail 90 Tail
24 Head 34 Head 90 Head
33 Tail 57 Head 10 Min BET
21 Head 4 Tail 10 Min BET
16 Tail 49 Tail 90 Tail
18 Head 13 Tail 10 Min BET
07 Tail 02 Head 10 Min BET
22 Tail 58 Head 10 Min BET
43 Tail 13 Tail 10 Tail
09 Head 34 Head 90 Head
01 Tail 48 Tail 90 Tail
01 Tail 22 Tail 90 Tail
46 Head 03 Tail 10 Min BET
02 Head 23 Tail 10 Min BET
25 Tail 38 Head 10 Min BET
10 Tail 56 Tail 90 Tail
42 Head 29 Tail 10 Min BET
06 Head 00 Head 90 Head
36 Head 51 Tail 10 Min BET
08 Tail 18 Head 10 Min BET
Win Tail Win Head
Spl 35 x Spl 31 x
JLH 51,20% Jlh 48,80%
Berdasarkan data di atas dapat diambil kesimpulan bahwa pada tanggal ganjil maka peluang yang paling besar muncul Tail dan pada tanggal genap peluang muncul Head sangat besar, Cara memainkan game ini tidak perlu mendaftar karena game ini jika anda BET dengan benar langsung akan membayar ke Liberty Reserve anda. Cara Memainkan :
  • Anda harus perhatikan di HISTORY nya apa tanggal ganjil atau genap
  • Buka 2 buah lembar dimana yang satu untuk melihat HISTORI dan yang kedua untuk BET
  • Misalkan hari ini adalah tanggal ganjil, HISTORY BET muncul angka 51 maka kemungkinan Muncul berikutnya Tail (record pertama yang direkom oleh Paul Rodrigo dan tidak ada hubungan dengan moneyvestasi)
  • Jika hari ini tanggal ganjil, namun kedua data menampilkan data yang sama, maka pilih data yang berlawanan tanggal.
  • Jangan lupa Refresh halaman HISTORY untuk melihat data UPDATE agar prediksinya tepat
  • Dosa dari permainan ini tanggung sendiri
  • Record tersebut telah dihitung dengan rumus Randomly Agregat selama 7 bulan dengan tingkat keakuratan 95%
  • Moneyvestasi tidak bertanggungjawab terhadap WIN atau LOSE yang anda derita dalam game ini, karena Iklan ini dibayar oleh mereka $1300
  • Jangan BET kalau gak sanggup tahan RESIKO (DISCLAMER)
  • Iklan ini dipasang oleh PAUL RODRIGO asal Mexico

Minggu, 08 Juni 2008

ANALISIS PENGARUH MEKANISME CORPORATE GOVERNANCE DAN INDIKASI MANAJEMEN LABA TERHADAP PENGUNGKAPAN LAPORAN KEUANGAN

Abstrak
Melihat bahwa pengungkapan informasi laporan keuangan merupakan faktor yang cukup signifikan penting dalam pencapaian efisiensi pasar modal dan merupakan sarana akuntabilitas publik maka penelitian ini dibuat untuk melihat efek mekanisme Corporate Governance dan Indikasi Manajemen Laba terhadap tingkat pengungkapan laporan keuangan. Sampel yang digunakan dalam penelitian ini adalah sebanyak 41 perusahaan manufaktur yang terdaftar di Bursa Efek Jakarta hingga tahun 2004 dan diuji dengan menggunakan regresi berganda dan mempertimbangkan hasi uji terhadap asumsi klasik. Hasil penelitian memberikan bukti bahwa mekanisme corporate governance dapat mengarahkan pada semakin terbukanya perusahaan dalam mengungkapkan informasi dalam laporan keuangan dimana hal ini dibuktikan dengan terbuktinya pengaruh dari besarnya kepemilikan publik dan banyaknya dewan direksi terhadap besarnya pengungkapan laporan keuangan.
Kata Kunci: Mekanisme Corporate Governance, Manajemen Laba, Manufaktur, Laporan keuangan.

PENGARUH ENVIRONMENTAL PERFORMANCE DAN ENVIRONMENTAL DISCLOSURE TERHADAP ECONOMIC PERFORMANCE

Abstract
This research aims at providing empirical evidance on factors that affect Economic Performance. This study examines the impact of Environmental Performance, Environmental Disclosure and predertmined variable such as Unexpected Earnings, Pre-disclosure Environment, Growth Opportunities, Profit Margin, Environmental Concern, dan Public Visibility toward economic performance in the context of Jakarta Stock Exchange. The samples of this research consist of 10 firms from 2002 to 2005. Multiple Regrresion is used to test the hypothesis. The result of this research that Environmental Performance, Environmental Disclosure and predertmined variable such as Unexpected Earnings, Pre-disclosure Environment, Growth Opportunities, Profit Margin, Environmental Concern, dan Public Visibility are not significant variables determining economic performance. The other finding of this research that Environmental Disclosure is significant variable determining economic performance.

Keywords: environmental performance, environmental disclosure, economic performance, predetermined variable.

KAJIAN EMPIRIS HUBUNGAN KINERJA LINGKUNGAN, KINERJA KEUANGAN DAN KINERJA PASAR: MODEL PERSAMAAN STRUKTURAL

ABSTRACT
This study investigates the causal relationship between environmental performance, financial performance and market performance. The population of this study was public listed company who has potential environmental cost (risk), namely Mining & Gas, Basic Industry & Chemical, Textile and Automotive. We use all the population except for unavailable data, there were 90 companies. Data analysis was carried out in terms of cross-section covering stock transaction 2006 and annual report 2005. The research hypotheses were tested using the Structural Equation Model. There are 3 latent variables:(1) Environmental performance:indicators are ISO 14001; PROPER rating; annual report dislcosures; and Web disclosures;(2) financial performance:indicators are return on investment; return on equity; and earning per share; (3) market performance: indicators are market value added, stock return and price earning ratio. The result of this research show that: (1) environmental performance has significant influence on financial performance and market performance,(2) financial performance has significant influence on market performance, and (3) total effect of environmental performance on market performance are 75,28%.

Keywords: environmental performance, financial performance, market performance

PENGARUH CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN MANAJEMEN LABA SEBAGAI VARIABEL INTERVENING (STUDI PADA PERUSAHAAN MANUFAKTUR DI BEJ)

Abstract
The objective of this research are to identify the direct and indirect influences of corporate governance structure such as, audit committee, board of independent commissioner, board of director, institutional ownership and manajerial ownership to the firm’s value and earnings management. This research examine 37 manufacturing companies listed in Jakarta Stock Exchange and issues audited financial statement since 2002-2004. The statistical methods used to test the hypothesis is Structural Equation Model (SEM). The empirical result of this research indicates that board of director, manajerial ownership, institutional ownership and board of commissioner have a positive significant influences to earnings management, whereas audit committee have no influence to earnings management. The following test indicates that board of commissioner and audit committee have significant influence to the firm’s value, whereas board of director, manajerial ownership and institutional ownership have no significant influence to the firm’s value. The control variable, firm’s size, have negative significant influence to earnings management whereas leverage have no significant influence. The last test indicates that earnings management have no influence to the firm’s value, so it can be concluded that earnings management is not an intervening variable.

Keywords: corporate governance, earnings management, firm’s value, board of director, manajerial ownership, institutional ownership, board of commissioner , audit committee, firm’s size, leverage

BOARD GOVERNANCE DAN KINERJA PERUSAHAAN (STUDI TERHADAP PERBANKAN GO PUBLIC DI BEJ)

Abstract
Corporate Governance mechanism perceived to have strong impact to the firm’s performance. This research aims to identify the effect of board governance on firm’s performance. The analysis units are 16 banks registered on the Jakarta Stock Exchange for the time period 2001-2005. Board governance as dependent variable and bank’s performance as independent variable. Board governance is proxied by board size, female representation and concentrated ownership. Bank’s performance is proxied by ROA and BOPO. The result of this study are : (1) board size is positively related to the bank’s performance (2) female representation on the supervisory board is negatively related to the bank’s performance, different with ; (3) female representation on the management board is positively related to the bank’s performance, and (4) ownership concentrated is positively related to the bank’s performance is proxied by ROA, but negatively related to the bank’s performance is proxied by BOPO.

Keywords : corporate governance in banking sector, board governance, bank’s performance

KOMITE AUDIT, KOMISARIS INDEPENDEN DAN MANAJEMEN LABA: STUDI KASUS PERUSAHAAN DI BURSA EFEK JAKARTA

Abstraksi
Penelitian ini bertujuan untuk mengetahui hubungan antara komite audit dan komisaris independen, dengan praktek manajemen laba (earnings management) dalam laporan keuangan yang dipublikasikan. Hipotesis penelitian adalah bahwa komite audit dan komisaris independen memiliki korelasi negatif dengan manajemen laba. Untuk komite audit dan komisaris independen, penelitian ini menggunakan data yang berasal dari pengumuman BEJ tentang pembentukan komite audit dan pengangkatan komisaris independen. Sementara manajemen laba dicerminkan oleh discretionary accruals yang dihitung dari model Jones yang dimodifikasi. Dengan persamaan regres dua tahap, penelitian ini menemukan bukti bahwa komite audit memiliki hubungan yang negatif siknifikan dengan tingkat akrual diskresi yang negatif. Ini berarti bahwa keberadaan komite audit berasosiasi dengan income decreasing earnings management. Komite audit juga terbukti memiliki hubungan yang positif dengan akrual diskresi yang positif, yang berarti bahwa komite audit yang sesuai dengan ketentuan BEJ justru ditemukan pada perusahaan yang melakukan manajemen laba secara income increasing. Komisaris independen dalam penelitian ini tidak terbukti memiliki hubungan siknifikan dengan praktek manajemen laba. Ada atau tidaknya komisaris independen yang sesuai dengan ketentuan BEJ tidak dapat diasosiasikan dengan praktek manajemen laba yang dilakukan perusahaan. Hasil tersebut mengindikasikan bahwa peranan komite audit dan komisaris independen dalam perusahaan, dan peraturan BEJ yang berkaitan dengan aspek corporate governance, belumlah efektif. Di samping itu, penelitian ini menemukan bahwa variabel tingkat leverage dan pemilihan auditor eksternal ternyata tidak cukup bisa menjelaskan praktek manajemen laba. Hanya variabel ukuran perusahaan (size) yang ditemukan memiliki hubungan negatif dengan income increasing discretionary accruals.

Kata kunci: komite audit, komisaris independen, corporate governance, manajemen laba, discretionary accruals

PENGARUH PRESTISE MANAJEMEN PUNCAK DAN DEWAN KOMISARIS TERHADAP PENILAIAN INVESTOR PADA PERUSAHAAN IPO (Bursa Efek Jakarta 1999-2006)

Abstract
This research examines empirically the role of top management team and board of director characteristics. Top management team has an important role as a primary strategic decision maker in firm. Their actions and characteristics specifically influence the organization’s outcomes. The main duty of board of director is to make sure that managerial decisions are consistent with stockholders goals. One indicator of top management team competence and skill is prestige (D’Aveni, 1990). The uncertainty and information asymmetry surrounding IPO firms, often makes difficulty for potential investors to discern organizational legitimacy and potential firm quality (Lester, et. al., 2006). Research purpose is to investigate the capability of prestigious top management team and board of director at the IPO through a largely symbolic role to enhance organizational legitimacy and give a signaling to potential investor about potential firm in the future. The sample included 59 firms undertaking IPO in JSX during 1999-2006 besides financial firms and web-based firm. Three characteristics: education prestige, previous experience and corporate board experience as indicators of prestigious, this research find that education prestige was positively associated with investor valuations. Otherwise, previous experience and corporate board experience were not associated.

Keywords: top management team, board of director, signaling, information asymmetry, prestige, education prestige, previous experience, corporate board experience, investor valuation.

INTERNAL GOVERNANCE MECHANISMS AND PERFORMANCE OF INDONESIAN NON-FINANCIAL COMPANIES LISTED IN JAKARTA STOCK EXCHANGE

Abstract
This study analyses the impact between two internal governance mechanisms, consist of board composition and concentrated ownership and corporate performance of Indonesian non-financial listed companies based on market return and accounting return. Results show accounting return performance measurement indicates significant influence with board composition but this result is inconsistent with prediction based on market return performance measurement. This seems to suggest that independent commissioner is an effective mechanism in monitoring performance as suggested by agency theory although the market perceives otherwise. Concentrated ownership is found to be significant in both performance measurements, implying that concentrated ownership is an effective governance mechanism in mitigating agency problems. The results have important policy implications.

Keywords: independent commissioner, concentrated ownership, corporate performance

Terima Kasih ATas Kunjungan Anda