PENGARUH KINERJA PERUSAHAAN TERHADAP PERGANTIAN CEO PADA EMITEN YANG GO PUBLIC DI BEI PERIODE 2008-2010

  • Jessica Gunawan Jurusan Akuntansi Fakultas Bisnis dan Ekonomika Universitas Surabaya
Abstract Views: 104 times
PDF - FULL TEXT Downloads: 187 times
Keywords: Presiden direktur, kinerja akuntansi, kinerja pasar, pergantian CEO

Abstract

Penelitian ini bertujuan untuk menguji informasi akuntansi dan pasardalam menentukan pergantian CEO di Indonesia. Penelitian ini menggunakan pendekatan kuantitatif. Penelitian ini menggunakan sampel berupa perusahaan yang melakukan pergantian CEO selama periode 2008-2010 yang terdaftar di Bursa Efek Indonesia. Sampel yang diperoleh sebesar 58 tahun perusahaan. Penelitian ini juga dilakukan pengambilan control sample yang tidak melakukan pergantian CEO selama periode penelitian dan memiliki kinerja yang paling stabil dalam sektor yang sama dengan perusahaan yang melakukan pergantian CEO. Sampel yang diperoleh sebesar 52 tahun perusahaan. Temuan penelitian menunjukkan bahwa kinerja akuntansi tidak memiliki pengaruh signifikan terhadap pergantian CEO namun kinerja pasar dilihat dari stock price memiliki pengaruh signifikan positif terhadap pergantian CEO. Selain itu, juga ditemukan bahwa tidak ada perbedaan resiko pasar sebelum dan sesudah pergantian CEO.

Downloads

Download data is not yet available.

References

Asthana, S., dan Balsam, S., 2010,The Impact of Changes in Firm Performanceand Risk on Director Turnover, Journal of Accounting and Finance, Vol. 9, No. 3, pp. 244-263.

Berry,T.K., Bizjak, J..M., Lemmon, M.L, and Naveen, L., 2000,CEO turnoverand firmdiversification,working paper, Notthera Illinois University

Clayton, M.J., Hartzell, J.C. dan Rosenberg, J.V., 2003,The Impact of CEOTurnover on Firm Volatility,working papersdari ssrn.com.

Coates,J.C., dan Kraakman,R., 2010,CEO Tenure, Performanceand Turnover inS&P 500 Companies, Working Paper,Harvard Law School Cambridge.

Defond, M.L., dan Park, C.W., 1999,The Effect of Competition on CEOTurnover, Journal of Accounting and Economics,Vol. 27, pp. 35-56.

Eisfeldt, A.L., dan Kuhnen, C.M., 2013,CEO Turnover in A Competitive Assignment Framework, Journal of Financial Economics,Vol. 109, pp. 351-372.

Ghozali, I., 2013, Aplikasi Analisis Multivariate dengan Program IBM SPSS 21, Edisi 7, Semarang: Penerbit Universitas Diponegoro.

Harrison, J.R., Torres, D.L., dan Kukalis, S., 1988, 1988,The Changing of the Guard: Turnover and Structural Change in the Top-Management Positions,Administrative Science Quarterly,Vol. 33, No.2, pp. 211-232.

Hartono, 2008, SPSS 16.0 Analisis data Statistika dan Penelitian, Edisi ke I, Cetakan I, Yogyakarta: LSFK2P bekerjasama dengan Pustaka Pelajar.

Hu dan Leung, 2012,Top Management Turnover, Firm Performamce andGovernment control: Evidence from China’s Listed State-owned Enterprise, The International Journal of Accounting,Vol. 47, pp. 235-262.

Kato, T., dan Long, C., 2006,Executive turnover and Firm Performance in China,The American Economic Review,Vol. 96, No. 2, pp. 363-7.

Leker, J., dan, Salomo, S., 2000,CEO Turnover and Corporate Performance,Scandinavian Journal of Management,Vol. 16, pp. 287-303.

Pfeffer, J., Leblebici, H., 1973,Executive Recruitment and The Development OfInterfirm Organization, Administrative Science Quarterly, Vol. 18, pp. 449- 461.

Puffer, S.M., dan Weintrop, J.B., 1991,Corporate Performance and CEOTurnover: The Role of Performance Expectation,Administrative ScienceQuarterly, Vol. 36, pp. 1-19.

Rachpradit, P., Tang, J.C.S., dan Khang, D.B., 2012,CEO Turnover and FirmPerformance, Evidence From Thailand,CorporateGovernance: TheInternational Journal of Business in Society, Vol. 12, Iss. 2, pp. 164–178.
Published
2016-03-01
Issue
Vol. 5 No. 1 (2016): Calyptra : Jurnal Ilmiah Mahasiswa Universitas Surabaya (September)
Section
Bidang Akuntansi (AK)

Creative Commons License

  • Articles published in CALYPTRA are licensed under a Creative Commons Attribution-ShareAlike 4.0 International license. You are free to copy, transform, or redistribute articles for any lawful purpose in any medium, provided you give appropriate credit to the original author(s) and the journal, link to the license, indicate if changes were made, and redistribute any derivative work under the same license.
  • Copyright on articles is retained by the respective author(s), without restrictions. A non-exclusive license is granted to CALYPTRA to publish the article and identify itself as its original publisher, along with the commercial right to include the article in a hardcopy issue for sale to libraries and individuals.
  • By publishing in CALYPTRA, authors grant any third party the right to use their article to the extent provided by the Creative Commons Attribution-ShareAlike 4.0 International license.