EMPLOYEE STOCK OPTION PLANS (ESOP) AND COMPANY VALUE (Case on Go Public Company in Indonesia)

Widyatama Repository

EMPLOYEE STOCK OPTION PLANS (ESOP) AND COMPANY VALUE (Case on Go Public Company in Indonesia)

Show full item record

Title: EMPLOYEE STOCK OPTION PLANS (ESOP) AND COMPANY VALUE (Case on Go Public Company in Indonesia)
Author: Winarso, Eddy; Fajrina, Minathi
Abstract: This study aims to examine empirically the influence of implementation of Employee Stock Option Plans (ESOP) to firm value. ESOP uses proxy stock price sensitivity (delta) and risk sensitivity (vega) and firm value using a proxy of Tobin's Q ratio with firm size, cost monitoring, operating cash flow, debt to assets as control variables. Research method is used by associative causality method with survey approach The samples were listed public companies in the Indonesia Capital Market and have implemented the ESOP from 2006 to 2008. Data source is the financial reporting period fiom 2006 to 2008. The Purposive sampling technique, was utilized to select the 9 companies' involved. Multiple regression statistical analysis was used to determine the simultaneous influence of stock price sensitivity (delta), risk sensitivity (vega), and each control variables (firm size, cost monitoring, operating cash flow, debt to assets) to firm value. The results indicate that there were partially significant influence of stock price sensitivity (delta) and risk sensitivity (vega) to firm value, but partially from each of the control variables ( f m size, cost monitoring, operating cash flow, debt to asset ) no significant influence to fm value was shown. Simultaneous test results on the other hand indicate that there are simultaneously significant influence of stock price sensitivity (delta) and risk sensitivity (vega) with control variables (firm size, cost monitoring, operating cash flow, debt to assets) to firm value
URI: http://repository.widyatama.ac.id/xmlui/handle/123456789/3385
Date: 2012-01-25


Files in this item

Files Size Format View
COVER.pdf 2.683Mb PDF View/Open
COVER DALAM.pdf 204.6Kb PDF View/Open
ORGANIZING COMMITTEE.pdf 376.4Kb PDF View/Open
PREFACE.pdf 441.8Kb PDF View/Open
CONTENTS.pdf 1.387Mb PDF View/Open
CONTENT EDDY WINARSO.pdf 4.274Mb PDF View/Open
COVER BELAKANG.pdf 2.388Mb PDF View/Open

This item appears in the following Collection(s)

Show full item record