The Influence of Accounting Conservatism and Economic Value Added on Corporate Equity Assessment.

This research was intended to examine the influences of Accounting Conservatism and Economic Value Added toward Equity Valuation on manufacturing companies listed in Indonesia Stock Exchange. The independent variables used in this research were Accounting Conservatism and Economic Value Added. This research used secondary data that was obtained from the Indonesia Stock Exchange official website, which has been published in 2011 until 2013. The technique that was used to gather the sample was purposive sampling and there were 18 companies. Which all sample (N) in three years was 54 samples. Those 54 samples would analyse further in this research. The method used in this research was multiple linear regression analysis. The result of t-test showed that the first variable, accounting conservatism, had a negative and significant effect to equity valuation. The second variable, which was Economic Value Added, showed a positive and significant effect to equity valuation. The result of f-test accounting conservatism and Economic Value Added showed that both of them give simultaneously and significant effect to equity valuation. Key Words: Equity Valuation, Price Book Value, Accounting Conservatism, and Economic Value Added

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Financial Ratios, Economic Value Added and Market Reaction: A Quantitative Study on Indonesia Stock Exchange

JURNAL MANAJEMEN BISNIS ◽

10.33096/jmb.v7i2.573 ◽

2020 ◽

Vol 7 (2) ◽

pp. 82-91

Author(s):

Indrawan Azis ◽

Dara Ayu Nianty ◽

Andi Marlinah

Keyword(s):

Market Reaction ◽

Stock Exchange ◽

Economic Value ◽

Value Added ◽

Secondary Data ◽

Partial Least Square ◽

Least Square ◽

Economic Value Added ◽

Manufacturing Companies ◽

Market Reactions

Reflecting on the phenomenon of stock market movements on the Indonesia Stock Exchange, this study was appointed to examine the effect of the effect of liquidity, solvency, and Economic Value Added (EVA) on market reactions in manufacturing companies listed on the IDX. The research method uses a quantitative approach, and types are categorized in explanatory research. The population in this study is manufacturing companies listed on the Indonesia Stock Exchange in the period 2017-2019. Determination of the sample to be tested in this study using a purposive sampling method and obtained 36 companies. Secondary data were obtained from the Capital Market Information Center (PIPM) the Indonesia Stock Exchange (IDX). The analytical method is Partial Least Square (PLS) with the assistant of SmartPLS 3.0 software. The results of the study showed that all exogenous variables positively and significantly influenced endogenous variable (EVA and Market Reaction). Research findings enrich previous studies on understanding market reactions and their impact on the development of corporate financial strategies in Indonesia.

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Economic Value Added Dan Market Value Added Serta Perilaku Harga Saham Perusahaan Yang Listing Di Jakarta Islamic Index (Periode 2010-2014)

Jurnal Ekonomi Syariah Teori dan Terapan ◽

10.20473/vol3iss20166pp444-459 ◽

2017 ◽

Vol 3 (6) ◽

pp. 444

Author(s):

Khairuriza Khairuriza ◽

Leo Herlambang

Keyword(s):

Stock Price ◽

Linear Regression Analysis ◽

Economic Value ◽

Value Added ◽

Secondary Data ◽

Market Value ◽

Multiple Linear Regression Analysis ◽

Added Value ◽

Economic Value Added ◽

Market Value Added

Stern Stewart & Co. introduced new methods of measuring financial performance based on the added value produced by the company, these methods being Economic Value Added (EVA) and Market Value Added (MVA). The purpose of this research is to analyze the effect of EVA and MVA toward the stock price of companies listed in Jakarta Islamic Index (JII) for the year period 2010-2014.The data used in this research are secondary data comprising of yearly data for the period 2010-2014. The analysis employed in this research is through using multiple linear regression analysis with α of 0.05.The research suggest that EVA and MVA partially and simultaneously have significance effect towards the stock price of the company enlisted in JII. With α of 0.162 or 16.2%, this shows that 16, 2% of stock price in JII is affected by EVA and MVA, whereas 83, 8% is affected by other variables.

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Factors Affecting Accounting Conservatism in Manufacturing Companies Listed on The Indonesian Stock Exchange in 2017-2019

Journal of Applied Sciences in Accounting, Finance and Tax ◽

10.31940/jasafint.v3i2.2138 ◽

2020 ◽

Vol 3 (2) ◽

pp. 131-136

Author(s):

Ni Putu Gita Pradhnya Sari ◽

◽

I W Karman ◽

Istiarto Istiarto ◽

◽

...

Keyword(s):

Stock Exchange ◽

Linear Regression Analysis ◽

Secondary Data ◽

Capital Intensity ◽

Multiple Linear Regression Analysis ◽

Accounting Conservatism ◽

Company Size ◽

Manufacturing Companies ◽

Independent Variables ◽

Debt Covenant

Conservatism is a precautionary principle that can be considered in accounting because a company has an uncertain or unexpected event. The purpose of this study was to determine the effect of company size, capital intensity, debt covenant, and litigation risk on accounting conservatism. This study uses secondary data in the form of annual financial statements of manufacturing companies listed on the Indonesia Stock Exchange with the study period in 2017-2019. The population in this study were 168 manufacturing companies using a purposive sampling method, there were 25 company data included in the criteria. The analysis technique used is to use multiple linear regression analysis. The results of the analysis in this study indicate that at the time of the F Test all independent variables simultaneously influence accounting conservatism, and after the T test is performed shows that company size and debt covenant variables partially affect accounting conservatism, while other independent variables do not influence conservatism accounting, manufacturing companies listed on the Indonesia Stock Exchange in 2017-2019.

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PENGARUH GROWTH OPPORTUNITY, FINANCIAL DISTRESS, CEO RETIREMENT TERHADAP KONSERVATISME AKUNTANSI

Kajian Bisnis STIE Widya Wiwaha ◽

10.32477/jkb.v28i1.34 ◽

2020 ◽

Vol 28 (1) ◽

pp. 13-34

Author(s):

Hasina Tazkiya ◽

Sulastiningsih Sulastiningsih

Keyword(s):

Financial Distress ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Secondary Data ◽

Multiple Linear Regression Analysis ◽

Accounting Conservatism ◽

Manufacturing Companies ◽

Growth Opportunity ◽

Selection Of

This research aims to examine and analyze the influence of growth opportunity, financial distress, and CEO retirement to the accounting conservatism at manufacturing companies listed on the Indonesia Stock Exchange. The population of the research is the manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period of 2013-2017. This research used a purposive sampling method in the selection of the sample based on predetermined criteria. Based on these criteria, obtained samples as much as 37 companies during a five years period of observation. The data used a secondary data. The data collection method used a documentation method. This research using multiple linear regression analysis and hypothesis testing using t-test, F-test and the determination of the coefficient. The results of this research indicate some of the factors that influences positively significant to accounting conservatism, such as growth opportunity and financial distress. CEO retirement has influences negatively significant to accounting conservatism.

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Pengaruh Kinerja Keuangan Terhadap Return Saham Pada Beberapa Industri Manufaktur yang Terdaftar di Bursa Efek Indonesia

Jurnal Riset Inspirasi Manajemen dan Kewirausahaan ◽

10.35130/jrimk.v4i2.111 ◽

2020 ◽

Vol 4 (2) ◽

pp. 97-103

Author(s):

Kurniaty Kurniaty ◽

Aris Setia Noor

Keyword(s):

Stock Returns ◽

Manufacturing Industry ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Economic Value ◽

Value Added ◽

Multiple Linear Regression Analysis ◽

Manufacturing Companies ◽

Financial Reports ◽

Return On Equity

This study aims to determine the effect of financial performance on stock returns in the manufacturing companies in the consumer goods industry sector which are listed on the Indonesia Stock Exchange from 2014 to 2016 simultaneously or partially. The variables used in this study are Return On Assets (X1), Return On Equity (X2), Economic Value Added (X3) as the independent variable and Stock return as the dependent variable.Samples were taken as many as 20 manufacturing industry companies listed on the Indonesia Stock Exchange (IDX) during 2014 to 2016. The data used are financial reports from each sample company which are published on the website ww.idx.co.id. the data analysis method used in this study is a quantitative method by testing classic assumptions, and statistical analysis is multiple linear regression analysis. The sampling method used was purposive sampling.

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PENGARUH GROWTH OPPORTUNITY, FINANCIAL DISTRESS, CEO RETIREMENT TERHADAP KONSERVATISME AKUNTANSI

Kajian Bisnis STIE Widya Wiwaha ◽

10.32477/jkb.v28i1.375 ◽

2020 ◽

Vol 28 (1) ◽

pp. 13-34

Author(s):

Hasina Tazkiya ◽

Sulastiningsih Sulastiningsih

Keyword(s):

Financial Distress ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Secondary Data ◽

Multiple Linear Regression Analysis ◽

Accounting Conservatism ◽

Manufacturing Companies ◽

Growth Opportunity ◽

Selection Of

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PENGARUH ECONOMIC VALUE ADDED (EVA) DAN RASIO PROFITABILITAS TERHADAP HARGA SAHAM

JOURNAL OF APPLIED MANAGERIAL ACCOUNTING ◽

10.30871/jama.v2i2.900 ◽

2018 ◽

Vol 2 (2) ◽

pp. 290-303

Author(s):

Venni Agnatia ◽

Diah Amalia

Keyword(s):

Coal Mining ◽

Stock Price ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Economic Value ◽

Value Added ◽

Economic Value Added ◽

Return On Equity ◽

Total Data ◽

Profitability Ratios

The purpose of this research is to analyze the effect of Economic Value Added (EVA) and profitability ratios partially and simultaneously to the coal mining company’s stock price. The profitability ratios used in this research as independent variable are Return on Asset (ROA), Return on Equity (ROE), Return on Investment (ROI) and Net Profit Margin (NPM) although the stock price as the dependent variable. The samples used were 14 companies from 25 coal mining companies listed in Indonesia Stock Exchange during the period 2011-2017 so total data processed is 98 samples. This research used linear regression analysis with Eviews version 9. The result indicated that partially the variable ROA and ROI has significant positive effect on stock price. EVA, ROE and NPM does not affect the stock price. All variables simultaneously affect to the stock price. Keyword: EVA, ROA, ROE, ROI, NPM, Stock Price

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Capital Structure Evaluation Based Company Sizes And Profitability

JURNAL AKUNTANSI DAN PAJAK ◽

10.29040/jap.v20i2.765 ◽

2020 ◽

Vol 20 (2) ◽

Author(s):

Aprih Santosa ◽

Sri Yuni Widowati ◽

Emaya Kurniawati

Keyword(s):

Capital Structure ◽

Firm Size ◽

Stock Exchange ◽

Manufacturing Sector ◽

Linear Regression Analysis ◽

Secondary Data ◽

Multiple Linear Regression Analysis ◽

Manufacturing Companies ◽

Structure Evaluation ◽

Positive Effect

The purpose of this study is to evaluate the effect of : (1) Firm Size on Profitability (ROA). (2) Firm Size on Capital Structure (DER). (3) Profitability (ROA) on Capital Structure (DER) in the Manufacturing Sector Automotive Companies and Components on the IDX. The data used are secondary data using a sample of 13 automotive sector manufacturing companies and components listed on the Indonesia Stock Exchange in 2016-2018. Sampling was done using a sensus method. This research uses a quantitative approach and the analysis technique used is multiple linear regression analysis (path analysis. The results of this study are: (1) FirmSize significantly has a positive effect on profitability (ROA). (2) Firm Size significantly has a positive effect on capital structure (DER). (3) Profitability (ROA) significantly has a positive effect on capital structure (DER).

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Studi Empiris Faktor Diskriminan Tax Avoidance Pada Perusahaan Manufaktur Di Indonesia

Wahana ◽

10.35591/wahana.v24i2.346 ◽

2021 ◽

Vol 24 (2) ◽

pp. 195-216

Author(s):

Dwi Haryono Wiratno ◽

Rahmawati Hanny Yustrianthe ◽

Maria Purwantini ◽

Ronowati Tjandra

Keyword(s):

Corporate Governance ◽

Stock Exchange ◽

Descriptive Analysis ◽

Linear Regression Analysis ◽

Tax Avoidance ◽

Secondary Data ◽

Sampling Technique ◽

Multiple Linear Regression Analysis ◽

Manufacturing Companies ◽

Return On Assets

This study aims to determine the effect of Return on Assets (ROA), Debt to Total Assets (DAR), and Corporate Governance (CG) on tax avoidance in manufacturing companies listed on the IDX for the 2015-2019 period. Corporate Governance is proxied by the Composition of the Independent Commissioner, and Tax Avoidance is proxied by the Effective Tax Rate (ETR). The population in this study were 179 companies listed on the IDX. The sample selection used purposive sampling technique and the research sample was obtained as many as 60 companies. The data in this study are secondary data obtained from the official website of the Indonesia Stock Exchange (BEI). The data analysis used is descriptive analysis followed by the requirements test including normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test. The statistical method used to analyze the data uses multiple linear regression analysis. The results showed that Return on Assets (ROA) had a significant negative effect on tax avoidance. Meanwhile, Debt to Total Assets (DAR) and Corporate Governance (CG), which are proxied by the composition of the independent board of commissioners, have no effect on tax avoidance in manufacturing companies listed on the IDX for the 2015-2019 period.

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PENGARUH PAJAK, TUNNELING INCENTIVE, DEBT COVENANT DAN PROFITABILITAS TERHADAP KEPUTUSAN MELAKUKAN TRANSFER PRICING

Jurnal Ilmiah Akuntansi, Manajemen dan Ekonomi Islam (JAM-EKIS) ◽

10.36085/jam-ekis.v3i1.530 ◽

2020 ◽

Vol 3 (1) ◽

Author(s):

Ahmad Junaidi ◽

Nensi Yuniarti. Zs

Keyword(s):

Stock Exchange ◽

Transfer Pricing ◽

Linear Regression Analysis ◽

Secondary Data ◽

Sampling Technique ◽

Total Sample ◽

Multiple Linear Regression Analysis ◽

Manufacturing Companies ◽

Debt Covenants ◽

Debt Covenant

This study aims to determine the effect of taxes, tunneling incentives, debt covenants, and profitability on the company's decision to transfer pricing. The data used in this study is secondary data obtained from accessing the web www.idx.co.id. The population of this research was manufacturing companies listed on the Indonesia Stock Exchange in 2013-2017. The sampling technique used was purposive sampling. The number of companies sampled in the study was 27 companies so that the total sample of the study was 135 observations. This study used the multiple linear regression analysis technique. The results of this study known there are still many variables outside the research that can explain transfer pricing.The determination coefficient is 0.441 which means that 44.1%. It indicates that the company transfers pricing is influenced by these variables, while the rest is explained by other variables.Based on the result can be concluded that taxes, debt covenants and profitability has a positive effect on the decision to transfer pricing. While the tunneling incentive does not effect the decision to conduct transfer pricing.Keywords: Tax, Tunneling Incentive, Debt Covenant, Profitability, and Transfer Pricing

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