PENGARUH IMPLEMENTASI EMPLOYEE STOCK OWNERSHIP PROGRAM (ESOP) TERHADAP KINERJA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

MARIANA, SINTA (2012) PENGARUH IMPLEMENTASI EMPLOYEE STOCK OWNERSHIP PROGRAM (ESOP) TERHADAP KINERJA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA. S1 thesis, Universitas Negeri Jakarta.

	Text Cover.pdf Download (1MB)
	Text Table_Of_Content.pdf Download (18kB)
	Text Chapter 1.pdf Download (104kB)
	Text Chapter 2.pdf Restricted to Registered users only Download (411kB)
	Text Chapter 3.pdf Download (242kB)
	Text Chapter 4.pdf Restricted to Registered users only Download (418kB)
	Text Chapter 5.pdf Download (15kB)
	Text bibiliography.pdf Download (96kB)

Abstract

SINTA MARIANA. The Influence of Employee Stock Ownership Program (ESOP) Implementation to the Performance of Indonesian Stock Exchange (IDX) Registered Corporates. Skripsi: Study Program Of Economic Education, Consentration In Accounting Education, Department of Economics and Administration, Faculty of Economy, Universitas Negeri Jakarta. 2012. This research is made to show how the influence of the Employee Stock Ownership Program (ESOP) implementation to the performance of Indonesian Stock Exchange (IDX) registered corporates, by analyzing the difference of their performance before and after the implementation, as represented by their sales growth. This research was conducted at The Capital Market Database of Indonesian Business and Information Institute, using survey method with comparative study approaching in order to analyze the difference on before and after the implementation of ESOP from the year 2004 to 2008. The population in this research was 231 corporates, with 20 samples used. Liliefors normality test was used in this research. In the comparing cluster (X2) Lo was 0.1483 and 0.1261 for the compared cluster (X1). At a = 0.05 and n =20, Lt was 0.190 for X2 and 1.190 for X1. As the both clusters’ Lo are less than Lt, both clusters’ data were concluded to be normally distributed. For the test of homogeneity, this research used Chi-Square test. The extracted χ2 was 0.0681 and χ2(1-a)(n-1) was 3.84, at a = 0.05 and n = 20. Since χ2 is less than χ2(1-a)(n-1), both clusters’ data were supposedly homogenous. T-test was used for hypothesis testing. The extracted tscore was 4.042 at a =0.05 and df = n-1, tdistribution was 2.093. Since the extracted tscore is more than tdistribution, it is concluded that there are some differences at the corporates’ financial performance before and after the ESOP implementation. As such, this research has drawn a positive conclusion of the influence of ESOP implementation to the performance of registered corporates.

Actions (login required)

View Item