Jurnal Akuntansi dan Keuangan

Determining Fair Value and Investment Decision in Technology Sub Sector (2020-2023): Fundamental and Technical Analysis Approach

2024-04-23T13:51:33+07:00

This study aims to explore the evaluation of stock market value and investment decision-making process in the technology sub-sector listed on the Indonesia Stock Exchange (IDX) during the 2020-2023 period. By focusing on fundamental and technical analysis, this study attempts to deeply understand a company's financial performance, including aspects such as profitability, solvency, and valuation, as well as track stock price movements in the market. The results of this study show that there is variation in performance among the companies studied. Several companies such as MTDL, MLPT, and MCAS stand out with solid fundamental performance and promising growth potential in the future. On the other hand, other companies such as EMTK and ATIC show performance that tends to fluctuate or even weak in some aspects. Thus, the conclusion that can be drawn from this study is the importance of considering both fundamental and technical analysis before making investment decisions. Investors need to thoroughly understand the financial performance of the companies they are considering, as well as pay attention to external factors that can affect stock price movements. The combination of fundamental analysis that includes parameters such as profitability, solvency, and valuation, with technical analysis that observes patterns in stock price movements, can provide a more complete and in-depth picture for investors in making their investment decisions.

Keywords: Investment, Stocks, Fundamental analysis, Technical analysis

The Effect Of Environmental, Social, and Governance (ESG) Performance on Foreign Investement in Non-Financial Companies

2024-04-23T13:37:28+07:00

This study analyzes the impact of ecological, social, and administration (ESG) execution on unfamiliar direct interest in non-monetary organizations. The information for this study were gathered from 10 non-monetary organizations recorded on the Indonesia Stock Trade (IDX) during the period 2019-2022, chose utilizing a quantitative methodology and supportability reports to quantify organization notoriety. Unfamiliar speculation was estimated through the complete responsibility for organization by unfamiliar financial backers. The information gathered in this review were tried and dissected utilizing SPSS programming. The exploration found that ESG decidedly affects unfamiliar speculation. The aftereffects of this study can be utilized as contribution to think about arrangements that help and energize the execution of Ecological, Social, and Administration (ESG) rehearses all the more extensively in non-monetary organizations so more unfamiliar financial backers are keen on money management their capital.

Environmental, Social & Governance (ESG), Cash Holding and Retention Ratio on Firm Value with Firm Size as a Moderating Variable

2024-04-23T10:47:04+07:00

This research aims to determine the influence of environmental, social and governance (ESG), cash holding and retention ratio on firm value with firm size as a moderating variable. The sample in this research was taken using a purposive sampling method from manufacturing companies listed on the Indonesia Stock Exchange for the period 2018-2022. The number of samples used was 94 companies. The analytical method used is multiple linear regression and Moderate Regression Analysis (MRA) using the SPSS 26 application. The results of this study show that environmental, social and governance (ESG) and cash holding have a positive effect on firm value, while the retention ratio has no effect on firm. Meanwhile, company size is able to moderate the influence of environmental, social and governance (ESG) and retention ratio on firm value. However, firm size is not able to moderate cash holding on firm value.

Global Reporting Initiative and Greenwashing in Indonesia: A Sustainability Report Analysis of the SRI-KEHATI Index (2021-2022)

2024-04-13T22:09:14+07:00

This study investigates the phenomenon of greenwashing in sustainability reporting, with a specific focus on the businesses listed on the Indonesia Stock Exchange that are included in the SRI-KEHATI Index. The research seeks to ascertain the veracity of sustainability efforts disclosed by these companies by employing the Global Reporting Initiative (GRI) Standards as a reference point. The study aims to augment stakeholder comprehension of the impact of sustainability reporting on the competitiveness of Indonesia and furnish investors with pertinent information for socially and ecologically mindful investments. The methodology includes a thorough examination of sustainability reports from 25 publicly traded firms for the years 2021 and 2022. The study's findings will offer valuable insights into the prevalence of greenwashing in sustainability reporting and aid in the advancement of more precise and dependable sustainability reporting methods. The study's findings suggest that enhancing openness and precision in sustainability reporting, in conjunction with regulatory actions and stakeholder influence, can effectively counteract greenwashing and motivate corporations to improve their genuine environmental, social, and governance (ESG) performance.

The Effect of Leverage and GCG on Financial Performance with Company Size as a Moderating Variable (Case Study of the Hospitality Industry Sector in Magelang Regency)

2024-04-12T09:12:01+07:00

The hospitality industry is an important service segment that needs to be developed to generate opportunities and increase performance through competitive advantage. This research aims to provide empirical evidence regarding the influence of leverage and GCG on financial performance with company size as a moderating variable in the hospitality industry sector in Magelang Regency. The type of research used is mixed methods. The sample for this research was taken using a purposive sampling method and a sample of 117 industries was obtained. The data analysis technique used in this research is Moderated Regression Analysis (MRA). The research results show that company size is unable to moderate the relationship between leverage and financial performance. Meanwhile, the GCG variable which is measured by the size of the board of directors, board of commissioners, and institutional ownership is proven to have an influence on financial performance with company size as a moderating variable.

Keywords: Financial Performance, Leverage, GCG

Cashless in the Face of Cybercrime Threats: User Behavior among Residents of Indonesia and Malaysia

2024-04-06T18:07:33+07:00

The aim of this research is to analyze the behavior of cashless users in the context of cybercrime threats in both Indonesia and Malaysia. The UTAUT2 variables are employed to examine user behavior, with awareness of cybercrime as a moderating variable. The data collection utilizes a survey design by administering questionnaires to respondents. Structural Equation Modeling (SEM) was utilized for the analysis. The results indicate that Performance Expectancy, Effort Expectancy, Facilitating Conditions, Hedonic Motivation, and Price Value have a significant impact on the Behavioral Intention and Use of Cashless. Meanwhile, Social Influence, Habit, and Awareness of Cybercrime do not influence Behavioral Intention. Moreover, Awareness of Cybercrime effectively moderates all variables, comprising five pure moderation effects and two quasi-moderation effects. This research is a development study conducted with samples from Indonesia and Malaysia which are; countries that share cultural similarities.

Non-linear Impact of The Off-balance sheet (OBS) Activities, Capital Adequacy to Bank Risk in Indonesia: The Z- Score-based ROA Approach and Market Hypothesis Discipline

2024-04-02T21:38:01+07:00

Banks get many restrictions on interest-based income through various conventional regulations. These conditions provide space for banks to seek alternative income through fee-based activities and are considered to increase banking profitability(Gilbert, Meyer et al. 2013).The main problem is moral hazard; carrying out OBS activities becomes excessive. We tested the effect and modelled the non-linear relationship between banking off-balance sheet activity and bank risk with the sample characteristics of large and small banks in Indonesia. Our results confirm that there is a non-linear relationship between OBS and risk. The main implication that we get is that not all OBS activities have an impact on bank risk. What is interesting from our findings is related to the directions of OBS’ influence on bank risk, which so far has always had two perspectives and two different conditions; positive and negative. Our results show that each OBS instrument can, of course, have a positive as well as a negative effect on bank risk (concave and convex), depending very much on the size of the bank. Finally, based on the results of this study, it is proven that small-capitalization banks are more sensitive or responsive to bank risk compared to large-capitalization banks.

DETERMINANTS OF CORPORATE SOCIAL RESPONSIBILITY AND CORPORATE GOVERNANCE ON STOCK RETURNS THROUGH FINANCIAL PERFORMANCE AND COMPANY SIZE

2024-04-01T01:01:33+07:00

This research aims to analyze the determinants of Corporate Social Responsibility and Corporate Governance on Company Stock Returns with Financial Performance and Company Size as Mediator and Intervening. The population of this research uses companies operating in the financial sector and listed on the Indonesia Stock Exchange in 2019-2022. The sampling technique used was the census technique. The research sample consisted of 168 companies. The data source used is secondary data from companies registered in 2019-2020. Corporate Social Responsibility (CSR) is measured using the CSR report disclosure index carried out by the company in the year concerned. Financial Performance is measured using Return On Assets (ROA). Stock returns are measured using the average annual Composite Stock Price Index. Newness and Novelty In this research, there are two mediating variables, namely Company Size and Financial Performance, which are not found in previous studies.

Keywords: Corporate Social Responsibility, Corporate Governance, Stock Returns, Financial Performance, Company Size

INCREASING THE VALUE OF SHARIA COMPANIES: PERSPECTIVE ON SUSTAINABLE REPORTING AND COMPANY FINANCIAL PERFORMANCE

2024-03-31T20:33:17+07:00

This research aims to examine the increase in sharia company value based on the influence of company sustainability reports through company performance. To test the hypothesis, this research uses 31 sharia companies in Indonesia as samples recorded in the Jakarta Islamic Index (JII). The research results show that there is a relationship between company sustainability reports and company value through company performance.

Keywords: sustainability reports, sharia company value, company performance.

The Effect of Company Operations, Audit Committee, and Public Ownership on Audit Delay Moderated by Financial Distress and KAP Reputation

2024-03-31T14:32:13+07:00

This study aims to test and analyze the effect of complexity of company operations, audit committee, and public ownership on audit delay moderated by financial distress and KAP reputation. The sample was 51 companies in the trade, service, and investment sectors listed on the IDX in 2019-2021 using purposive sampling method. The data analysis method was SEM PLS using SmartPLS version 3.2.9 software. The results of data analysis show that complexity of company operations, audit committee, and public ownership affect audit delay. However, financial distress does not moderate the effect of independent variables in this study on audit delay. Likewise, KAP reputation does not moderate the effect of the audit committee on audit delay. The implication of this research can be used by investors in making investment decisions. The implication for company to optimize awareness of compliance to submit accurate and timely financial reports.

PENGARUH PENGUNGKAPAN SUSTAINABILITY REPORT DAN UKURAN PERUSAHAAN TERHADAP RETURN SAHAM (STUDI KASUS PADA PERUSAHAAN SUBSEKTOR PERTAMBANGAN)

2024-03-26T22:33:24+07:00

Penelitian ini bertujuan untuk mengetahui pengaruh sustanability report terhadap return saham, dengan memfokuskan pada variabel independen sustainability report sustainability report yang diproksikan dalam 3 variabel independen berbeda yaitu : aspek ekonomi, aspek lingkungan, dan aspek sosial, serta ukuran perusahaan. Pengukuran sustainability report menggunakan standar Global Reporting Initiative G4. Metode penelitian yang digunakan adalah penelitian sekunder, di mana data dikumpulkan dari laporan keberlanjutan dan situs web Bursa Efek Indonesia. Populasi penelitian terdiri dari 62 perusahaan subsektor pertambangan, dengan 11 perusahaan dipilih sebagai sampel. Rentang waktu penelitian adalah lima tahun, dimulai dari tahun 2018 hingga 2022. Analisis data dilakukan menggunakan aplikasi Statistical Program for Social Science (SPSS). Hasil penelitian menunjukkan bahwa aspek ekonomi memiliki pengaruh positif yang signifikan terhadap return saham. Namun, tidak ada pengaruh yang signifikan dari aspek lingkungan, aspek sosial, dan ukuran perusahaan terhadap return saham.

Cost Accountability in The Manggarai Traditional House Building Tradition

2024-03-19T15:55:42+07:00

The research aims to determine the distribution system and the amount of costs incurred in the construction of the Wesa Traditional House (Mbaru Gendang), as well as to find out the implementation of accountability for the construction of the Wesa traditional house (Mbaru Gendang). The method used is descriptive qualitative research. The research location is in Ling Village, North Satar Mese District, Manggarai Regency, East Nusa Tenggara Province. Data collection techniques are observation, interviews, documentation and literature study. The research results show that the cost sharing system for building the Wesa traditional house (Mbaru Gendang) is divided into two systems, namely mandatory contributions and non-obligatory contributions (spontaneity). Contributions collected are in the form of money with a total contribution income of IDR 243,635,000.00, apart from that, also in the form of goods and involvement in development. The costs incurred in building a traditional house are divided into 2 based on the object being financed, namely direct costs related to the physical construction of the Wesa traditional house (mbaru gendang) and indirect costs related to traditional events, with a total cost of IDR 243,635,000.00 .

Do Board Multiple Directorship and ESG Score Drive Firm Value?

2024-03-20T09:27:13+07:00

The authors intend to demonstrate the impact of board busyness through board multiple directorships and ESG scores towards firm value in Thailand within the period of 2018-2022. Theoretical frameworks such as the resource dependence theory and stakeholder theory support the two hypotheses developed for busy directors and ESG score. A director has multiple directorships when he/she has more than three board roles in other publicly listed firms, excluding private organizations and foundations. This research’s population are listed non-financial firms in Thailand Stock Exchange that has ESG score in Refinitiv database for five consecutive years during 2018 to 2022. Final data sample are 28 non-financial companies resulting in 140 observations. Directorship and board size were hand collected from annual reports. Panel data regression with random effect model is used, and results show positive but not significant impact between multiple directorship and firm value. On the other hand, ESG shows a positive and significant relationship towards firm value. This research supports the belief that ESG score have a notable impact on firm value based.

EXPLORING FORENSIC ACCOUNTING PERSPECTIVES IN INHERITANCE DISPUTE RESOLUTION: A POST MORTEM APPROACH

2024-03-12T14:50:14+07:00

This study aims to explore the use of forensic accounting as an approach in resolving inheritance disputes, focusing on MAGELANG Religious Court Decision Number 196/Pdt.G/2023/PA.Mgl. The research method uses Merriam's case study approach to analyze how forensic accounting can be an effective instrument in uncovering and resolving inheritance conflicts. Through a detailed analysis of the judgment, this article highlights the important role of forensic accounting in identifying, analyzing, and substantiating relevant financial evidence in the context of inheritance disputes. The findings of this study suggest that the use of forensic accounting can make a significant contribution in enhancing fairness and accountability in the inheritance dispute resolution process. The practical implication of this study is that the proper application of forensic accounting strategies can assist stakeholders, including lawyers and judges, in making evidence-based and fair decisions in inheritance dispute resolution. In conclusion, this article highlights the importance of using forensic accounting in the context of inheritance law and provides a solid foundation for further research and practice in this field.

Keywords: Merriam's case study method, justice, inheritance dispute resolution, forensic accounting

APAKAH EVALUASI PEMEKARAN KABUPATEN/KOTA NIAS TELAH BERHASIL JIKA DITINJAU DARI ANALISIS SWOT LAPORAN KEUANGAN?

2024-03-04T22:17:55+07:00

This research intends to evaluate whether the development of Nias Regency which is located in North Sumatera Province is successful or not in terms of the analysis of local government financial statements from 8 aspects of measurement, including: Proportion of Regional Financial Autonomy, Proportion of Regional Financial Independence, Proportion of Size of Fiscal Decentralization, Proportion of Effectiveness PAD, Proportion of Efficiency of PAD, Proportion of Effectiveness of Regional Taxes, Proportion of Contribution Size of BUMD. This research is quantitative descriptive research with the subject of research on local government financial information during 2013-2021, and the object of research is Information on Budget Realization, Balance Sheet, and Information on Details of Regency PAD Revenue. The data collection technique used is the documentation method. The data analysis technique used is financial proportion analysis. The result of the research show that out of 8 (eight) proportions of measurement of regional government financial statement analysis, South Nias district experienced failures in development in terms of 2 (two) proportions, namely Proportion of Regional Financial Independency and Proportion of Effectiveness PAD, North Nias district experienced failures in development in terms of 2 (two) proportions, namely Proportion of PAD Efficiency and Proportion of Regional Tax Effectiveness, West Nias district experienced failures in development in terms of 2 (two) proportions, namely Proportion of Regional Financial Autonomy and Proportion of PAD Effectiveness, Gunungsitoli city is only weak in the proportion of contribution size of BUMD, meaning that it can be concluded that overall the central government has succeeded in developing Nias Regency.

Accountability of Financial Management of Subak Local Institutions in a Balanced and Multi-Strategic Role

2024-03-02T06:46:39+07:00

This research aims to reveal local Subak institutions' financial management accountability in a balanced and multi-strategic role. This research was conducted using qualitative methods to understand the phenomena experienced by research subjects. Data was collected from primary sources, namely data obtained directly from informants and secondary sources. This research was conducted at Subak Kali Kembar, Jembrana Regency, Bali. Interviews were conducted with Kelihan and Subak members. The results of this research show that the source of funds for Kali Kembar subak in carrying out operational activities is obtained from subak krama (contributions) and aid funds from the government; Subak's financial management process through internal and external funds, financial management accountability is carried out; The difference in financial management lies in the form of the accountability report; To establish accountability in the financial management provided, all Kramas uphold the concepts and values of Hinduism and foster mutual trust between Subak Krama's.

ESG Attractiveness and Sustainable Performance In Encouraging Increased Value of Banking Companies

2024-02-29T12:15:06+07:00

Increasing company value should align with ESG investment, but its implementation is minimal. The aim of this research is to look at other dimensions, such as profitability, liquidity, and ESG in banking companies. The research uses secondary data obtained based on annual and financial reports and company value in banking companies listed on the Indonesia Stock Exchange in 2020- 2022. The method used in collecting samples in this research is purposive, so the sample is ten banking companies in Indonesia. Multiple linear regression analysis test with Gretl software. The results show that the profitability variable positively and significantly affects firm value. Still, the liquidity variable and ESG variables do not have a significant impact on firm value. By informing sustainability reports containing financial and non-financial information, information regarding company performance can be provided and accounted for to shareholders to satisfy shareholder demands.

DETERMINANTS OFF COMPANY VALUE AND PROFITABILITY AS A MEDIATOR

2024-02-22T13:24:30+07:00

The purpose of this study was to determine the effect of profitability mediating company size and capital structure on company value in Industrial Companies Processing Raw Materials and Services in the Indonesia Stock Exchange. The population in this study was 60 companies, and the number of samples of these research companies was 36 companies selected using a purposive sampling method with criteria, namely companies that provide complete financial reports for 2018-2022 and conduct initial public offerings before 2018-2022. The data analysis technique used SPSS version 25: descriptive statistics, classical assumption test, multiple regression analysis, correlation coefficient and determination, hypothesis testing, Sobel test, and path analysis. The results showed that company size and capital structure positively affect profitability, and company size and capital structure positively affect company value; profitability mediates company size and capital structure and has a positive effect on company value.

The Impact of Inflation, Interest Rates, and Exchange Rates on the Jakarta Islamic Index (JII) Stock Price Index on the Indonesia Stock Exchangee

2024-02-21T11:27:23+07:00

This study aims to determine the effect of inflation, interest rates, and exchange rates on the Jakarta Islamic Index (JII) stock price index in 2020-2022. To facilitate problem solving, this research was conducted using multiple linear regression methods with the help of SPSS version 23. The data used are secondary data consisting of inflation, interest rates and exchange rates as independent variables and the Jakarta Islamic Index (JII) stock price index as dependent variable. The results show that inflation has an effect on the JII stock price index. This is indicated by the results of a significance value for inflation of 0.000, which means sig t (0.000) < alpha (0.05) and a tcount value of 4.168 > ttable 2.037. Interest rates have no effect on the JII stock price index. This is indicated by the results of a significance value for interest rates of 0.682, which means sig t (0.682) > alpha (0.05) and tcount of -0.414 < t table 2.037. The exchange rate affects the JII stock price index. This is indicated by the results of a significance value for the exchange rate of 0.003, which means sig t (0.003) < of alpha (0.05) and a tcount value of 3.173 > ttable 2.037. Inflation, interest rates, and exchange rates simultaneously or jointly affect the JII stock price index. This is indicated by the results of a significance value of 0.001 <0.05 and the obtained Fcount value of 6.517 > Ftable 2.88

Moderating Role of CEO Education and Tenure on Sustainability Performance-Financial Performance Relationship

2024-02-21T03:38:06+07:00

This study aims to investigate the influence of CEO tenure and education on the interplay between sustainability performance and financial performance for Indonesian Stock Exchange-listed companies from 2018 to 2022. Utilizing panel regression analysis, the research reveals a significant impact of sustainability performance on financial performance like ROA, ROE, and Tobin's Q. Notably, CEO tenure does not alter the relationship between sustainability and financial performance in the context of ROA, ROE, and Tobin's Q measurements. While a CEO with an MBA background moderates this relationship in the case of ROA, the influence is absent in the assessments of ROE and Tobin's Q. Additionally, CEOs with engineering or science education do not moderate the relationship in any of the financial performance measurements. These insights contribute to understanding the connections between CEO characteristics, sustainability performance, and financial performance.

The Signalling Theory on Sharia Bank Performance in Indonesia

2024-02-19T17:01:04+07:00

The aim of this research is to analyze the data related to financial ratios which can be used as signals in making investment decisions in Islamic banking companies in Indonesia. The negative signal is represented by credit risk and liquidity risk, while the positive signal is represented by return. This research processed 200 panel data observations that conform the requirements for analysis with the gretl application. The research results show that gross NPF had a significant negative effect on ROE, net NPF had a significant positive effect on ROE, FDR and NIM had no effect on ROE, and ROA had a significant positive effect on ROE. The implication of the results of this research is to provide empirical evidence that positive and negative signals from banking performance can influence the profitability of Islamic banking where this can be used as a reference for investors for investment decision making.

The THE EFFECTIVENESS OF REGIONAL TAX AND REGIONAL RETRIBUTION DURING PANDEMIC IN THE HORSESHOE DISTRIC OF EAST JAVA

2024-02-16T16:43:20+07:00

The Covid-19 pandemic that has been going on since March 2020 is a challenge for the State of Indonesia, the economic sector has suffered a bad impact in the form of a decrease in people's income. The other impact resulted in minor results in the field of taxation, namely a decrease in tax revenues, especially local tax revenues. Thus, local governments are required to adapt by making policies to implement local tax revenues in the midst of the Covid-19 pandemic. The policies carried out by each Regency / City have differences with adjusted conditions for their respective regencies / cities, this can be seen from the intensification and extension strategies carried out by local governments in an effort to optimize regional tax revenues. Measuring the effectiveness of regional tax and regional retribution is very important to see fluctuations in improving regional tax management and regional retribution during the Covid-19 pandemic. The type of research used in this research is qualitative research. Qualitative approach with case study methods in this study was applied to explain the Effectiveness of Regional Tax and regional Policies during the Covid-19 Pandemic in East Java. The location where this research is the Government Agency that handles regional tax and regional retribution, which are located in the Horseshoe region of East Java, namely the Bondowoso Regency Regional Revenue Agency, the Jember Regency Regional Revenue Agency, and the Situbondo Regency Revenue, Financial Management and Assets Agency which has carried out strategies and policies to increase regional tax and regional retribution. The results of this study are the Bondowoso Regency Regional Revenue Agency, the Jember Regency Regional Revenue Agency, and the Situbondo Regency Regional Revenue, Financial Management and Assets Agency which have carried out strategies and policies effectively.

PENGARUH ROA, ROE, NPM, CR, DAN DAR TERHADAP HARGA SAHAM

2024-02-04T13:01:15+07:00

Penelitian ini bertujuan untuk menganalisis pengaruh rasio keuangan yang yaitu Return on Asset (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Current Ratio (CR) dan Debt to Asset (DAR) terhadap harga saham yang diwakilkan dengan harga penutupan saham di bursa saham. Perusahaan yang dipilih sebagai populasi dari tahun 2017 hingga 2021 sektor manufaktur dengan sampel yang dihasilkan sebanyak 490 data perusahaan. Data dianalisis dengan menggunakan metode analisis regresi berganda. Hasil penelitian menunjukkan bahwa (1) Return on Asset (ROA) berpengaruh positif dan signifikan terhadap harga saham, (2) Return on Equitu (ROE) dan Net Profit Margin (NPM) tidak berpengaruh secara signifikan terhadap harga saham (3) Current Ratio (CR) dan Debt to Asset Ratio (DAR) berpengaruh negative namun tidak signifikan terhadap harga saham.

KEBERAGAMAN DEWAN DIREKSI DALAM MENENTUKAN KINERJA ORGANISASI

2024-02-04T12:22:56+07:00

Penelitian ini bertujuan untuk menemukan pola penelitian terkait keberagaman gender pada komposisi dewan direksi terhadap kinerja perusahaan dalam kurun waktu 10 tahun terakhir. Pendekatan penelitian yang digunakan adalah library research yang menggunakan data dari database Scopus berjumlah 839 artikel. Analisis data dilakukan dengan menggunakan software VOSviewer versi 1.6.20. Hasil pengolahan data menunjukkan bahwa penelitian terkait keberagaman gender dan kinerja perusahaan sering menggunakan kata kunci industrial performance, performance, corporate governance, firm performance, diversity, dan gender diversity. Dokumen yang sering dikutip berbicara tentang keberagaman gender dewan, kebijakan perusahaan, risiko perusahaan, risiko perubahan iklim, CSR, ESGD, kinerja lingkungan, inovasi, keberagaman tempat kerja, demografis, kepemimpinan inklusif, penggunaan big data, empowering leadership, kinerja karyawan, keterlibatan kerja, kreativitas, heterogenitas unit penentu keputusan, kesadaran gender pada dunia akademisi, dan kecerdasan emosional. Dokumen yang sering dikutip bersama dalam daftar referensi artikel adalah dokumen terkait wanita di jajaran dewan dan pengaruhnya pada tata kelola perusahaan, Teori Agensi, CSR, reputasi perusahaan, Upper Echelons Theory, dan kendala eksternal terhadap perusahaan. Penelitian ini memberikan implikasi terutama bagi dunia akademisi, guna mengetahui agenda penelitian di masa depan. Selain itu, hasil penelitian ini dapat dijadikan pertimbangan pengambilan keputusan terkait keberagaman dewan direksi melalui studi penelitian sebelumnya. Studi bibliometrik ini akan memberikan gambaran peluang penelitian masa depan terkait keberagaman dewan direksi dan kinerja organisasi.

jurnal akuntansi PENGARUH PROFITABILITAS, LIKUIDITAS, UKURAN PERUSAHAAN, KEPEMILIKAN INSTITUSIONAL TERHADAP PERTUMBUHAN LABA

2024-02-02T23:16:24+07:00

jurnal ini dibuat untuk menambah referensi

Financial Performance and Share Price: The Moderating Role of Exchange Rate

2024-02-02T14:51:33+07:00

Fluctuations that occur in the financial performance of companies may have an impact on their share price. Economic instability and the impact of Covid-19 can reduce the company's financial performance and stock performance. Therefore, this research aims to examine the effect of financial performance on stock prices from 2018 to 2022. Moreover, the novelty of this research is that it applies the exchange rate as a moderating variable. This research uses liquidity ratios, profitability, and activity ratios in measuring the company's financial performance. Multiple regression analysis using a random-effect model was applied to measure the influence of liquidity, profitability, and activity on stock prices as well as the role of the exchange rate as a moderating variable. The results of analysis revealed that liquidity, profitability, and activity ratio have positive and significant effect on share prices. In addition, the exchange rate can moderate the relationship between profitability and share price as well as the relationship between activity ratios and share price.

Hexagon Fraud: Exploration of Academic Fraud in Accounting Students at Universities in Java, Indonesia

2024-04-04T12:09:14+07:00

An accountant should be able to identify factors that can provide the results or impact of the decisions taken. Currently, an accountant's integrity is increasingly questioned. Habits can influence an accountant's integrity, one of which is behavior during their time as a student. This study aims to explore factors influencing students' engagement in academic dishonesty to mitigate such behaviors in the future. The study employs the theory of planned behavior and fraud hexagon theory to elucidate the motives behind academic fraud. The utilized method involves a quantitative approach processed through SmartPLS 3. This research was conducted with 247 accounting students at 35 universities in Indonesia. This research shows that pressure, ability, and collusion have a significant effect on academic fraud. Meanwhile, opportunity, rationalization, and ego have no effect on academic fraud. The findings of this research offer valuable insights for universities to formulate policies addressing the issue of academic fraud.

Keywords: Academic fraud; fraud hexagon; pressure; capability; collusion.

Do Board Multiple Directorship and ESG Score Drive Firm Value?

2024-01-30T12:55:50+07:00

PENGARUH PENGHINDARAN PAJAK, KEBIJAKAN DIVIDEN DAN BIAYA AGENSI TERHADAP NILAI PERUSAHAAN

2024-01-26T20:29:20+07:00

Penelitian ini bertujuan untuk menguji dan memperoleh bukti secara empiris mengenai penghindaran pajak, kebijakan dividen, dan biaya agensi terhadap nilai perusahaan. Penelitian ini menggunakan sampel perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia pada tahun 2018-2022. Metode penetuan sampel penelitian ini adalah metode purposive sampling dengan menggunakan e-views versi 9 untuk menganalisis data. Jenis penelitian ini dengan pengamatan selama 5 (lima) tahun, sehingga total observasi adalah sebanyak 16 perusahaan. Secara simultan menunjukkan bahwa penghindaran pajak, kebijakan dividen, dan kinerja lingkungan berpengaruh terhadap nilai perusahaan. Secara parsial variabel independen yaitu penghindaran pajak, kebijakan dividen tidak berpengaruh terhadap variabel dependen yaitu nilai Perusahaan. Sedangkan biaya agensi berpengaruh terhadap variabel dependen yaitu nilai perusahaan.

Kata Kunci: Penghindaran Pajak, Kebijakan DIviden, Biaya Agensi dan Nilai Perusahaan

PENGARUH PENGHINDARAN PAJAK, KEBIJAKAN DIVIDEN DAN BIAYA AGENSI TERHADAP NILAI PERUSAHAAN

2024-01-25T18:08:49+07:00

Kata Kunci: Penghindaran Pajak, Kebijakan DIviden, Biaya Agensi dan Nilai Perusahaan

The The Influence of Financial Leverage, Cash Holding, Bonus Plan and Company Age on Income Smoothing (Case Study of Mining Sector Companies Listed on the IDX for the 2018-2020 Period)

2024-01-23T22:41:09+07:00

This research aims to determine the effect of financial leverage, cash holding, bonus plan , and company age on income smoothing in mining sector companies listed on the Indonesia Stock Exchange for the 2018-2020 period. The type of data used is quantitative data obtained from financial reports via the website www.idx.co.id. In this study, there was a population of 63 companies and a sample of 8 companies using the purposive sampling method. The research method used is the regression analysis method using a quantitative approach with the help of SPPS 25 . The results of this research show that simultaneously and partially the bonus plan has an effect on income smoothing, while financial leverage, cash holding , and company age have no effect on income smoothing . The financial risk variable has a negative effect while the company age variable has a positive effect on income smoothing. The financial leverage variable and the company age variable show a positive direction, while the cash holding variable and the bonus plan variable have a negative direction coefficient towards income smoothing.

PENGARUH PENGETAHUAN AKUNTANSI DAN KEMAMPUAN MANAJERIAL PELAKU UMKM TERHADAP KINERJA UMKM DI KELURAHAN SIKUMANA

2024-01-22T15:39:13+07:00

Penelitian ini bertujuan untuk mengetahui pengaruh pengetahuan Akuntansi dan kemampuan manajerial pelaku UMKM terhadap kinerja UMKM di Kelurahan Sikumana. Data yang digunakan dalam penelitian ini diperoleh menggunakan kuisioner. Penelitian ini menggunakan pendekatan penelitian kuantitatif. Populasi dan sampel dalam penelitian ini adalah seluruh UMKM di Kelurahan Sikumana. Metode pengambilan sampel dalam penelitian ini menggunakan teknik slovin. Metode analisis yang digunakan adalah analisis statistik deskriptif, uji validitas, uji reliabilitas, regresi linear berganda dan uji hipotesis dengan menggunakan bantuan aplikasi statistical package for the social sciences 26 (SPSS 26). Hasil penelitian ini menyatakan bahwa pengetahuan akuntansi tidak berpengaruh terhadap kinerja UMKM karena keterbatasan pengetahuan yang dimiliki tentang akuntansi, sehingga mereka tidak benar merasa bahwa pengetahuan akuntansi berperan penting dalam menjalankan usaha dagang yang mereka jalani. Kemampuan manajerial berpengaruh terhadap kinerja UMKM karena kemampuan manajerial pelaku UMKM penting dalam mengelola usaha dagang yang mereka jalani agar kinerja umkm bisa tercapai. Variabel pengetahuan akuntansi dan kemampuan manajerial berpengaruh terhadap kinerja UMKM.

Optimizing Financial Management: Looking at the Story Behind the Saving Passion of Padangsidempuan City High School Students

2024-01-22T11:26:16+07:00

The cultivation of true character starts from an early age in children, until they continue into adulthood. One way to instill good character in students is financial education through savings activities at school, either independently through the class treasurer or directly with the bank that comes to school. This research took place from March - May 2023 at eight high schools in the city of Padangsidempuan, involving students and teachers as the main informants, using the case study method through interviews and direct observation at schools. The results of the research found that (1) financial education is carried out in three ways, namely saving through class cash, saving through the bank, and saving independently at home using a piggy bank, (2) since Covid-19 there are no more banks coming to schools to quote savings to students who want to save, (3) students' low interest in saving, (4) most high school schools in the city of Padangsidempuan do not accommodate financial education through class cash savings activities.

Can the Reclasification of Other Comprehensive Income Narrow the Opportunities for Creative Accounting: Earnings Management and Income Smoothing?

2024-01-22T10:52:21+07:00

Previous research in Indonesia highlighted the influence of Good Corporate Governance, leverage, company size, and political connections on creative accounting. However, research rarely investigates the impact of other comprehensive income (OCI) in the context of fair value accounting. This research finds that the overall accumulated OCI does not have a significant effect on earnings management and earnings smoothing. However, analysis of OCI components reclassified to net income shows a negative influence. The research gap lies in the lack of exploration regarding the specific impacts of OCI components that need further research. This research uses quantitative methods with secondary data analysis from company financial reports on the IDX. The findings highlight the importance of understanding how management decisions in asset realization can modify the impact of OCI on earnings management. In conclusion, creative accounting through delaying the realization time or reducing the amount of assets, is influenced by subjectivity in fair value assessments.

Blockchain Technology and Quality of Accounting Information: A Systematic Literature Review

2024-01-19T20:04:54+07:00

The purpose of this study is to examine the scholarly literature regarding how blockchain technology affects the quality of accounting information. The basis of this research was a bibliometrically mapped systematic literature review (SLR) of 35 literature that were accessible on Scopus. The findings demonstrated the many advantages of blockchain technology for accountants in particular. Distributed record keeping, which results in greater information transparency and less information asymmetry, is one advantage of adopting blockchain technology. Consequently, it has a good impact on the quality of accounting information. The implication of this research is to provide in-depth insight into the potential paradigm shift in accounting with the adoption of blockchain. In addition, this study also provides a foundation for further research on the implementation and impact of blockchain in accounting information quality.

Pengaruh Corporate Governance Mechanism, Financial Distress, dan Firm Performance Terhadap Earning Management dengan Audit Quality sebagai Pemoderasi

2024-01-16T23:32:51+07:00

Penelitian ini bertujuan untuk memberikan bukti empiris pengaruh corporate governance mechanism, financial distress, dan firm performance terhadap earning management dengan audit quality sebagai pemoderasi. Penelitian ini mengunakan data sekunder dari 385 perusahaan di kawasan ASEAN 5, Australia, New Zealand, dan Korea Selatan pada sektor industrial selama periode 2018 s.d. 2022. Dengan menggunakan teknik pengumpulan data purposive sampling dan regresi data panel, penelitian ini menunjukkan adanya pengaruh positif dari corporate governance mechanism terhadap earning management ketika diukur menggunakan institutional ownership. Namun ketika diukur menggunakan ownership concentration, corporate governance mechanism menunjukan pengaruh negatif terhadap earning management. Selain itu, penelitian ini juga menunjukan financial distress dan firm performance memiliki pengaruh negatif terhadap earning management. Di sisi lain, audit quality tidak mampu memoderasi hubungan corporate governance mechanism, financial distress, dan firm performance terhadap earning management.

Pengaruh Corporate Governance Mechanism, Financial Distress, dan Firm Performance Terhadap Earning Management dengan Audit Quality sebagai Pemoderasi

2024-01-13T16:39:44+07:00

PENGARUH TINGKAT CUKAI TEMBAKAU TERHADAP KINERJA KEUANGAN DAN HARGA SAHAM INDUSTRI ROKOK DI INDONESIA

2024-01-12T21:05:12+07:00

The tobacco in Indonesia is growing rapidly with the large number of smokers in Indonesia. In response to this, the government uses excise to limit its use in society. This research aims to analyze the influence of government policies regarding the level of tobacco excise tax on the stock prices of Indonesian tobacco companies listed on the Indonesia Stock Exchange (BEI), namely PT. Gudang TBK., PT. H.M. Sampoerna Tbk., and PT. Wismilak Inti Makmur Tbk. The study employs series data from the first quarter of 2013 to the fourth quarter of 2022.

The result indicates a negative and significant impact of tobacco excise tax rates on tobacco company stock. Inflation has a significant influence on tobacco company stocks and financial ratios (CR, EPS and PER) have a significant impact on stock prices of tobacco companies. These findings are consistent with other studies on similar topics. The result of this research are that an increase in excise taxes can affect the share prices of cigarette companies. This research can also serve as additional information for investor in their investment decisions and for issuers company to make decisions in response to government policies.

Non-Professional Investor Investment Decision Making: The Effect of Task Complexity and Visualization

2024-01-12T13:56:13+07:00

This study aims to determine whether there are differences in the level of investment decisions in non-professional investment decisions, received from information with high and low visualization effects between the participants of the assignment with high or low complexity. Participants in this study were students of the undergraduate accounting study program at Private University in Surabaya who had or are currently taking Financial Statement Analysis and Investment Management and Capital Markets courses. There were 300 participants in this study, but there were 24 participants who did not pass the manipulation check and general knowledge of accounting. Thus, the total number of participants that could be analyzed further was 276 participants. The results showed that there were differences in the level of accuracy, level of confidence, and level of calibration in investment decision making between participants who completed assignments with high or low complexity with high information visualization compared with participants who completed assignments with high or low complexity with low information visualization. This research also shows that there are differences in the level of calibration in investment decision making between participants who complete assignments with high complexity and are presented with high or low visualization information compared to participants who complete assignments with low complexity and are presented with high or low visualization information.

Analisis Pengaruh Likuiditas, Struktur Kepemilikan, Ukuran Perusahaan, dan Pertumbuhan Penjualan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktrur Yang Terdaftar di BEI 2020 – 2022

2024-01-11T14:37:51+07:00

In the era of globalization and intense business competition, manufacturing companies listed on the Indonesia Stock Exchange (IDX) play a key role in supporting the economic growth of the country. The analytical method employed is Partial Least Squares (PLS) using the SmartPLS tool. This research aims to analyze the influence of liquidity, ownership structure, company size, and sales growth on the firm value of manufacturing companies listed on the IDX during the period of 2020-2022. Through a quantitative approach, independent variables comprising liquidity, ownership structure, company size, and sales growth will be tested against the dependent variable, firm value. This study not only focuses on financial aspects but also encompasses managerial and strategic facets of the companies. The research findings are expected to provide profound insights into the factors influencing firm value in the context of the Indonesian capital market, offering strategic guidance for companies and investors, and contributing to financial and management literature.

PRODUCT CHARACTERISTICS, LOCATION AND COMPETITIVE ADVANTAGE: EVIDENCE FROM ELECTRONIC GADGET OUTLETS

2024-01-11T04:40:32+07:00

Enhanced profitability and market share can be achieved through increased competitiveness, achieved by producing unique and innovative items that cater to changing customer demands. The purpose of the study is to examine the nexus between product characteristics, location and competitive advantage of electronic gadget outlets in Ilorin metropolis. Customers of selected electronic gadget outlets constituted the population while Krejcie and Morgan (1970) sampling table was used to select 364 respondents. Instrument titled “Product Characteristics, Location and Competitive Advantage Questionnaire (PCLACAQ)” were adapted for collection of relevant data. Both Statistical Packages for Social Sciences (SPSS) and Partial Least Square (PLS) software were used to analyze the data collected. Results show that quality is directly related to organizational competitive advantage. Also, the findings showed that location correlates with the attainment of organizational while the study recommends that the managers should analyze the business environment and its business location where the business is set up

COULD A GLIMPSE OF INVESTORS’ EAGLE EYES IN NEWS HUNTING AFFECT THE INTERNATIONAL CAPITAL MARKET?

2024-01-08T17:52:07+07:00

Background: Digitalization plays a key role in decision making. The study of investors’ attention in making their decision in capital market are looking by some specific keywords searches in the leading search engine platform, namely Google, by its feature called Google Search Volume Index because investors need to gather some related information, toward its efficiency and effectiveness. Objectives: This study aims to obtain empirical evidence regarding the effect of investor attention on the rate of return, trading, and volatility. Novelty: Bringing upon a new broad perspective from the international capital market, which is projected as the key holder in the global economy in upcoming years both from developing and developed countries as representatives. Analysis Method: The Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model was applied to know how volatile and residual variants are influenced by previous residual variants of the variables. Robustness test by expanding the scope time of data to enhance this research findings into weekly and monthly. Findings and Implications: Final robust, but not uniform result was seen in one uncategorized country. Therefore, a later study is needed to see other factors and backgrounds are contributing to investors’ style of generating their information in decision making

Analisis Pengaruh Likuiditas, Struktur Kepemilikan, Ukuran Perusahaan, dan Pertumbuhan Penjualan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktrur Yang Terdaftar di BEI 2020 – 2022

2024-01-08T00:03:20+07:00

Tax Avoidance and Corporate Governance in Indonesia: A Literature Review

2024-01-04T13:45:25+07:00

This article aims to examine corporate governance research that influences tax avoidance in Indonesia. The method used in this research is the "charting the field" method or area mapping. Research mapping was done by classifying corporate governance and tax avoidance research articles based on research variables and methods. The area mapping results show two classifications: A. Variable classification (Leverage, Independent Commissioner, Managerial Ownership, Profitability, Company Size, Audit Committee, Institutional Ownership, Audit Quality, Return on Assets, etc.). B. Classification of research methods (Qualitative, Quantitative, and Mixed). The most widely used corporate governance variable is Company Size (12%), and the rarely used variables are Profitability and Audit Quality (4%). The most widely used research method is quantitative (100%).

Analysis of the Internal Control System in Preventing Bad Loans at PT. BPR Wilis KC Wongsorejo

2023-12-29T12:54:41+07:00

The internal control system is a process that is carried out to ensure that control objectives can be achieved. Control system as a process carried out by the board of commissioners, management, and other entities designed to increase confidence about achievements in compliance, effectiveness and efficiency of operations, and reliability of financial statements against applicable regulations and laws. BPR is a business entity or financial institution that can be an intermediary between parties who are overfunded and parties who lack funds. Parties who have excess funds invest their money in banks in the form of deposits, savings, and other savings products, while parties who lack funds (debtors) get financial assistance from banks in the form of loans. The success of banks in recovering funds from the public is less followed by a targeted strategy of disbursing funds, resulting in bad loans. Internal controls are in place to ensure the integrity, security, and reliability of operations. Internal control is considered as a series of plans of a company to protect company assets. Control in the credit sector is the implementation of internal control applied to the sustainability of the company. BPR is one of the institutions that provides credit to the community. The organizational structure here is Leader, AO, Remedial, office admin, and teller. To improve the performance of PT. BPR Wilis KC Wongsorejo in order to minimize cases of bad debts, several recommendations for system improvement have been given and are expected to be implemented by BPR Wilis to improve the performance of the company.

Keywords: Internal Control System, Bad Credit.

The Influence of Corporate Social Responsibility (CSR) on The Financial Performance in Indonesian Companies Listed in Indonesia Stock Exchange

2023-12-27T22:16:12+07:00

This research takes the topic of sustainability reporting, especially about corporate social responsibility (CSR). CSR is a mutual exchange between the company and external parties so that both the internal and the external actors benefit and grow together. Increasing attention to CSR has raised questions about the financial impact of its companies. This research wanted to find out whether CSR has an influence on financial performance. Research with this title has been widely researched but still has mixed results, ranging from positive relationships, negative relationships, neutral, or no relationship. This research model is explanatory research with quantitative design. Data in the study used company financial statements and CSR scores. The study's target is Indonesian firms listed on IDX because the implementation of CSR by companies in Indonesia continues to increase over time. The analysis tool used is simple linear regression. The sample in the research was taken by purposive sampling method, while the criteria of the sample were companies registered with IDX and had complete CSR values and financial statements. From the research conducted, it might be concluded that CSR has no effect on financial performance. The implication of this study is that companies must assess whether corporate social activities can offset other costs.

Keywords: CSR; Financial Performance; ROA; ROE

The Influence of Executive Gender Diversity, Executive Compensation, and Board of Commissioners' Independence on Company Performance

2023-12-26T21:23:55+07:00

This study aims to examine the influence of executive gender diversity, executive compensation, and board of commissioners' independence on the performance of companies listed on the Indonesia Stock Exchange between 2020 and 2022. The research is grounded in agency theory and resource theories to formulate testable hypotheses and derive empirical findings from the testing. The variables analyzed involve firm performance measures, specifically Tobin’s Q, in relation to executive gender diversity, executive compensation, and board of commissioners' independence.

The population for this study comprises non-financial companies listed on the Indonesia Stock Exchange during the period from 2020 to 2022. Purposive sampling was used, resulting in 111 research samples over three consecutive years (2020-2022). The analytical method employed is ordinary least squares (OLS).

The research findings indicate that the presence of female executives and the independence of the board of commissioners positively and significantly influence the efficiency of companies in Indonesia, as measured by the Tobin’s Q indicator. Meanwhile, cash executive compensation shows a negative and significant correlation with Tobin’s Q. Other findings suggest that non-cash executive compensation does not have a significant correlation with Tobin’s Q.

Keywords: gender diversity, executive compensation, board independence, and firm performance

Analisis Peran Institusi Perbankan terhadap Peningkatan Dinamika Ekonomi di Indonesia

2023-12-25T01:01:41+07:00

Artikel ini menyajikan analisis komprehensif tentang peran lembaga perbankan dalam mendorong dinamika ekonomi di Indonesia, menyoroti evolusi sektor perbankan, kontribusi terhadap pertumbuhan ekonomi, dukungan terhadap kewirausahaan, dan peran dalam menjaga stabilitas keuangan. Dengan memeriksa perkembangan perbankan Islam, perbankan digital, dan dampak variabel makroekonomi, artikel ini menggambarkan bagaimana lembaga perbankan membentuk lanskap ekonomi. Kontribusi perbankan, khususnya Islam, terhadap pertumbuhan ekonomi diuraikan, sambil menekankan pentingnya peran mereka dalam mempromosikan stabilitas keuangan dan merespons risiko sistemik. Peran lembaga perbankan dalam mendukung kewirausahaan juga dianalisis, mengilustrasikan bagaimana mereka memberikan dukungan finansial dan menciptakan lingkungan yang mendukung bagi pengusaha. Analisis ini mencakup kerangka regulasi, langkah-langkah mitigasi risiko, dan peran lembaga perbankan dalam mengelola kejutan ekonomi, menekankan implikasi jangka panjang untuk pembangunan ekonomi yang berkelanjutan.

PENGARUH TAX PLANNING, KINERJA KEUANGAN, DAN ASET PAJAK TANGGUHAN TERHADAP MANAJEMEN LABA

2023-12-23T15:20:33+07:00

ABSTRACT
	This research aims to analyze the influence of tax planning, financial performance, and tax asset resilience on earnings management. This research uses quantitative methods. The number of samples used was 25 companies in the consumer goods industry sector. The sampling technique used was purposive sampling. Secondary data was obtained using the search method for annual financial reports and annual reports of banking sector company for 2018-2022 and processed using eviews 9. The analysis techniques used were descriptive statistical tests, classical assumption tests, panel data regression analysis and hypothesis testing. The research results of the F test obtained that simultaneously independent tax planning variables, financial performance, and deferred tax assets had an effect on the dependent variable earnings management. The results of the analysis test using the t test, tax planning variables and deferred tax assets have no effect on earnings management, while financial performance variables have an effect on earnings management. *Keywords:*Tax Planning, Financial Performance, Deferred Tax Assets, Profit Management


ABSTRAK
	Penelitian ini bertujuan untuk menganalisis pengaruh tax planning, kinerja keuangan, dan aset pajak tangguhan terhadap manajemen laba. Penelitian ini menggunakan metode kuantitatif. Jumlah sampel yang digunakan sebanyak 25 perusahaan sector perbankan. Teknik sampling sampling yang digunakan adalah purposive sampling. Data sekunder diperoleh dengan menggunakan metode pencarian laporan keuangan tahunan dan annual report perusahaan sektor industri barang konsumsi tahun 2018-2022 dan diolah menggunakan eviews 9. Teknik analisis yang digunakan adalah uji statistik deskriptif, uji asumsi klasik, analisis regresi data panel dan uji hipotesis. Hasil penelitian pada uji F diperoleh secara simultan variabel independen tax planning, kinerja keuangan, dan aset pajak tangguhan berpengaruh terhadap variabel dependen manajemen laba. Hasil uji analisis menggunakan uji t variabel tax planning dan aset pajak tangguhantidak berpengaruh terhadap manajemen laba, sedangkan variabel kinerja keuangan berpengaruh terhadap manajemen laba. Kata Kunci :Tax Planning, Kinerja Keuangan, Aset Pajak Tangguhan, Manajemen Laba

Influence of Influence of Leverage, Capital Structure, Firm Size and Growth Companies on Profitability in Indonesian Exchange Stock

2023-12-15T15:48:51+07:00

BUMN companies are business entities whose capital is partly or wholly owned by the state. The phenomenom of the problem here arose when 4 BUMN shares in the karya group simultaneously fell into the red zone in 2020. According to the statement from the minister of State-Owned Enterprises, Erick Thohir said that the collapse of 4 BUMN karya shares occured due to the Covid-19 pandemic, but what happened, in order to turn things around in 2021 it actually makes debt even higher while the number of new contracts continues to decrease. So this research tries to analyze the effect of leverage, capital structure, firm size and company growth on profitability. The research sampel used was taken through the company’s querterly financial reports for the 2017 – 2021 period, namely 60 sampels from 3 company populations. This study used a quantitative method approach with descriptive analysis, classical assumption test, multiple linear regression analysis, t test, f test and the coefficient of determination which was carried out with the SPSS program. The result of this study indicate that the leverage, capital structur, firm size and company growth simltaneously have a significant effect on the profitability of an infrastructure service company in Indonesian stock exchange. Leverage an company growth a significant positive effect on profitability an infrastructure service company in Indonesian stock exchange. Capital structure and firm size a significant negative effect on profitability an infrastructure service company in Indonesian stock exchange.