Penelitian ini bertujuan untuk memberikan wawasan kepada perusahaan telekomunikasi mengenai bagaimana reaksi pasar terhadap pengumuman spin-off sebagai salah satu pertimbangan dalam memutuskan apakah akan melakukan spin-off atau tetap menjadi perusahaan telekomunikasi yang terintegrasi secara vertikal. Metode analisis didasarkan pada studi sebelumnya dengan mengukur efek pengumuman menggunakan …
Penelitian ini bertujuan untuk melakukan kajian penerapan tata kelola pada proses pemisahan (spin-off) Unit Usaha Syariah (UUS) bank A, yang meliputi tata kelola pada proses pemisahan dan persiapan pemenuhan prinsip tata kelola syariah untuk dapat diterapkan setelah pemisahan. Analisis dokumen dan prosedur wawancara tatap muka semi-terstruktur digunakan untuk mencapai tujuan penelitian. Panduan…
Salah satu perusahaan yang bergerak di bidang minyak, gas, energi baru dan terbarukan di Indonesia, melakukan restrukturisasi perusahaan dengan melakukan pembentukan holding dan membagi menjadi enam subholding dengan stream bisnis yang berbeda pada tahun 2021. Penelitian ini bertujuan untuk memberikan gambaran mengenai motif, strategi dan dampak restrukturisasi perusahaan melalui pembentukan ho…
We propose a tractable model of dynamic investment, spinoffs, financing, and risk management for a multidivision firm facing costly external finance. Our analysis formalizes the following insights: (i) Within-firm resource allocation is based not only on divisions' productivity, as in winner-picking models, but also their risk; (ii) firms may voluntarily spin off productive divisions to increas…
Menurut UU No. 4 Tahun 2023 tentang Pengembangan dan Penguatan Sektor Keuangan, Mengubah Pasal 68 ayat 1 UU No. 21 Tahun 2008 tentang Perbankan Syariah yaitu berisi pemisahan wajib dilakukan oleh Bank Umum Konvensional yang memiliki Unit Usaha Syariah, dengan ketentuan baru Peraturan OJK (POJK) yang akan diumumkan pada akhir Tahun 2023. Tujuan penelitian ini untuk melihat dampak implementasi ke…
This article investigates how securities analysts help investors understand the value of diversification. By studying the research that analysts produce about companies that have announced corporate spin-offs, we gain unique insights into how analysts portray diversified firms to the investment community. We find that while analysts' research about these companies is associated with improved fo…
Previous studies suggest that spin-outs will locate in close proximity to the firm from which they spawn. As a result of this process, clusters of entrepreneurial activity tend to develop around a few strong parent firms. But do all spin-outs really stay close to home? We demonstrate that spin-out firms choose heterogeneous technological and market strategies, and we hypothesize that firms with…
Little research has examined the performance implications of the parent-child relationship post spin-off. Although the parent provided oversight of the child prior to the spin-off, effects of post spin-off links to the child remain unclear. Applying transaction cost and agency theories, our study of 142 firms spun-off between 1986 and 1997 examines how oversight and ownership by the parent firm…
The authors examine how managers select between corporate restructuring implementation alternatives and how those decisions influence the profitability of the restructuring event. They argue that managers and owners have information asymmetries with respect to the assets in the restructuring and the restructured firms' diversification strategy, and that managers select between two popular imple…
The purpose of this paper is to analyze whether the spin-off policy which is based on law no. 21 in 2008 had an influence on profit of Bank of BNI Syariah period 2007-2015. This study uses multiple regressions using dummy equation to analyze the effect of the spin-off policy to profit at Bank of BNI Syariah. The variable used is a dummy variable spin-off, as well as put some internal factors su…
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