Taxpaying companies in Indonesia aim to maximize profit increase the company’s shares value so that more investors are interested investing company. This practice causes try pay taxes a minimum by carrying out tax management without violating laws. study examines and analyzes effect of institutional ownership, family thin capitalization on avoidance. Data used were from manufacturing listed Sto...

In this research, we scrutinize the affect of ownership structure on company performance. The relationship between ownership structure and performance has always been the area under discussion in the literature of corporate finance. The discussion on this area was started with the thesis of Berle and Means (1932). They argued that defuse ownership is inversely correlated with performance of a c...

This paper examines a combined set of corporate governance features that influence disclosure quality in a context of ownership concentration. Agency theory presents a theoretical framework linking disclosure decision to corporate governance mechanisms. Using a Multiple Correspondence Analysis (MCA), we find that firms with poor disclosure quality have higher ownership concentration, are family...

Combining perspectives from the literature on institutional activism and signaling theory, we suggest that a sovereign wealth fund (SWF), owing to its distinctive properties as a government-owned foreign institutional investor, serves as an intermediary signaler, providing cues about host countries’ institutional environment to internationalizing firms. By publicizing its investments and engagi...

However, the free cash flows scale is important for the financial health of the company, but it has also its own limitations. Moreover, it’s not immune from accounting tricks. Free cash flows can be considered as a measure of value for shareholders of listed companies on Tehran Stock Exchange. The managers of these companies have tended to use the earnings management for managing the free cash ...

The present study analyzes and assesses the robustness of monitoring effectiveness institutional investment against information asymmetry prevailing in market, especially asymmetric Domestic Institutional Investment (DII) vis-à-vis Foreign (FII). Drawing from a sample listed non-financial firms with 20% or more, this tests relationship between earnings management ownership controlling for known...

This paper provides original evidence from institutional investors that political uncertainty greatly affects investment behavior. Using holdings of common stock, we find institutions significantly reduce their by 0.8–2.3% points during presidential election years. Such effect holds for gubernatorial elections with cross-state-border difference-in-difference analysis and tests using a index. Th...

Total factor productivity represents a dimension of output that cannot be attributed to factors production; it is unique the firm, and central its competitiveness. We posit ownership structure plays key role in productivity. However, has an effect on which changes with firm’s age. Ownership optimal for new firms may not older firms. here consider impact as defined by shares individuals’ versus ...