PENGARUH PERGANTIAN ANGGOTA DIREKSI TERHADAP RENDAHNYA BEBAN PENELITIAN DAN PENGEMBANGAN : PENGUJIAN KEPEMILIKAN MANAJERIAL SEBAGAI VARIABEL INDEPENDEN DAN VARIABEL MODERATING (Studi Pada 10 Perusahaan Go Public)
Abstract: This study aims to
analyze the relationship between the turnover member of directors with the
research and development expenditures, to testing the ownership as independent
variables and moderating variables. This research refers to research conducted
by Graber (2003). There are differences between this study with research
conducted by Graber (2003). In their study, Graber (2003) did not conduct
testing of managerial ownership, but in his study, Graber (2003) reveals a
theory which states that ownership can alleviate negative influence between the
turnover member of directors and research and development expenditures. Based
on the theory of managerial ownership tested as moderating variables. In
connection with the theory expressed by Graber (2003), the test is also
performed managerial ownership as an independent variable that refers to the
study Cho (1992). This is to test whether managerial ownership is the
independent variable or moderating variables in the relationship between the
turnover member of directors with research and development expenditures.
The research was conducted by quantitative methods on the financial
statements of listed companies in Indonesia Stock of Exchange during the period
2007-2011. Total sample is 10 firms, determined by purposive sampling method.
The method of testing hypotheses using multiple regression test.
The results in line with those performed by Graber (2003), which showed a
negative and not significant correlation between turnover member of directors
with research and development expenditures. The results also showed that both
managerial ownership is not as independent variables and the variables
moderating the negative relationship between turnover member of directors and
research and development expenditures.
Penulis: Irma Lutfiana, Endang
Kiswara
Kode Jurnal: jpakuntansidd120516
