scholarly journals INSTITUTIONAL INVESTORS, LEVERAGE, DAN PROFIBILITAS TERHADAP FLEKSIBILITAS AKUNTANSI PERUSAHAAN

2016 ◽  
Vol 2 (2) ◽  
pp. 152-166
Author(s):  
Islahuddin Islahuddin ◽  
Akramadina Akramadina
Keyword(s):  
Hypothesis Testing ◽  
Financial Reporting ◽  
Institutional Investors ◽  
Stock Exchange ◽  
Negative Influence ◽  
Positive Influence ◽  
Manufacturing Companies

Abstract            The purpose of this study is to examine and analyze the influence of institutional investors, leverage, and profitability for firms accounting flexibility. The population of this study is manufacturing companies listed in the Indonesia Stock Exchange between 2009 and 2011. This study is a hypothesis testing research that involve 51 firms.            The data is obtained from audited financial reporting period between 2009 and 2011. This study found that institutional investors, leverage and profitability simultaneously have influence for firm accounting flexibility, institutional investors has positive influence for firm accounting flexibility, leverage has negative influence for firm accounting flexibility and profitability has negative influence for firms accounting flexibility.            Keywords:  Institutional investors, leverage, profitability, and firms accounting flexibility

scholarly journals PENGARUH KECAKAPAN MANAJERIAL, PENERAPAN CORPORATE GOVERNANCE, KOMPENSASI BONUS DAN LEVERAGE TERHADAP MANAJEMEN LABA DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI (PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI 2015-2017)

2019 ◽  
Vol 5 (2) ◽  
pp. 165
Author(s):  
Binsar Simajuntak ◽  
Lucky Amirullah Anugerah
Keyword(s):  
Corporate Governance ◽  
Earnings Management ◽  
Firm Size ◽  
Stock Exchange ◽  
Negative Influence ◽  
Positive Influence ◽  
Company Size ◽  
Manufacturing Companies ◽  
Managerial Skills ◽  
Positive Effect

<p><em><span style="font-size: medium;">The purpose of this study was to examine the effect of Managerial Skills, Corporate Governance, Bonus Compensation, Leverage on Earnings Management with Company Size as a moderating variable. Managerial ownership is measured using Confirmatory Factor Analysis, Corporate Governance is measured based on the Asean Corporate Governance Balance Scorecard, Bonus Compensation is measured by the company's dummy compensation bonus, Leverage is measured using the debt to equity ratio, Company Size is measured using Log Natura of total assets, and Profit management is measured by using the Stubben model with the Conditional revenue model proxy.Hypothesis testing is done by using multiple regression models by first performing a classic assumption test. The population and sample used in this study were 80 companies with a total of 181 observation samples of manufacturing companies listed on the Indonesia Stock Exchange in the 2015-2017 period. The results of this study are (1) Managerial skills do not have a positive effect on earnings management (2) Corporate governance does not negatively affect earnings management (3) Bonus compensation has a positive effect on earnings management (4) Leverage has a positive effect on earnings management (5) Size company has a negative effect on earnings management (6) Company size does not weaken the positive influence of managerial skills on earnings management (7) Firm size does not weaken the negative influence of corporate governance on earnings management (8) Firm size weakens the positive effect of bonus compensation on earnings management (9) Company size weakens the positive influence of leverage on management.</span></em></p>

scholarly journals SUPPLY CHAIN PERFORMANCE DAN KINERJA PERUSAHAN

2019 ◽  
Vol 3 (1) ◽  
pp. 116-125
Author(s):  
Seto Sulaksono Adi Wibowo ◽  
Aditya Wirangga
Keyword(s):  
Supply Chain ◽  
Stock Exchange ◽  
Negative Influence ◽  
Positive Influence ◽  
Supply Chain Performance ◽  
Company Performance ◽  
Manufacturing Companies ◽  
Analysis Technique ◽  
Net Profit ◽  
Inventory Turnover

This study aims to examine the effect of supply chain performance on firm performance. Supply chain performance is proxyed using inventory turnover and days of supply as independent variables, while company performance is proxyed using the net profit margin as the dependent variable. This research use manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2016 period as samples. The purposive sampling method is used to matches the sample criteria. The analysis technique used in this study is multiple regression analysis using the t test. The results of the study found that the inventory turnover variable has a positive influence on company performance, while the days of supply variable has a negative influence on company performance.

scholarly journals DETERMINAN ENVIRONMENTAL DISCLOSURES PERUSAHAAN MANUFAKTUR DI INDONESIA DAN MALAYSIA

2018 ◽  
Vol 7 (1) ◽  
pp. 31
Author(s):  
Isnani Fashikhah ◽  
Evi Rahmawati ◽  
Hafiez Sofyani
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Negative Influence ◽  
Positive Influence ◽  
Managerial Ownership ◽  
Company Size ◽  
Governance Mechanism ◽  
Manufacturing Companies ◽  
Corporate Governance Mechanism ◽  
Environmental Disclosures

The study aims to examine the influence of corporate governance mechanism, company size and financial performance towards environmental disclosures in manufacturing companies listed in Indonesia Stock Exchange and Bursa Malaysia period 2016.The variables examined in this study are managerial ownership, size of the board of commissioners, company size, and liquidity. The research used purposive sampling method, obtained from 59 Indonesia manufacture companies and 63 Malaysia manufactures companies. The examination used multiple regression analysis and independent sample t test. The result of the research:1) The managerial ownership had negative influence towards environmental disclosures in Indonesia, but it had positive influence in Malaysia, 2) The size of the board of commissioners had positive influence towards environmental disclosures in Indonesia, but it did not have influence in Malaysia, 3) The size of the company did not have influence towards environmental disclosures in Indonesia, but it had positive influence in Malaysia,4) The liquidity had negative influence towards environmental disclosures in Indonesia, but it had positive influence in Malaysia, and5) There was difference in the level of environmental disclosures in Indonesia and in Malaysia.

scholarly journals THE EFFECT OF FIRM’S CHARACTERISTIC AND CORPORATE GOVERNANCE TO SUSTAINABILITY REPORT DISCLOSURE

2018 ◽  
Vol 2 (1) ◽  
pp. 18-28
Author(s):  
Lucia Lucia ◽  
Rosinta Ria Panggabean
Keyword(s):  
Corporate Governance ◽  
Hypothesis Testing ◽  
Board Of Directors ◽  
Financial Reporting ◽  
Audit Committee ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Logistic Method ◽  
Sustainability Reports ◽  
Sustainability Report

The purpose of this study was to analyze the effect of company’s characteristic which are profitability (ROA), leverage (DER), liquidity (CR), company size (SIZE), and corporate governance proxied by board of directors and audit committee (KA) to disclosure of sustainability reports (SR). The study had 105 samples of manufacturing companies listed in Indonesia Stock Exchange and 262 manufacturing companies listed on Malaysia Exchange in year 2013-2015. Data analysis using regression logistic method with E-views version 9. Hypothesis testing results show that the partial results of hypothesis testing variable DER, CR, and Directors do not have significant effect on internet financial reporting, but ROA and SIZE have significant influence on sustainability report disclosure (SR) of manufacturing companies listed in IDX and Bursa Malaysia.

scholarly journals PENGARUH FAKTOR KEUANGAN TERHADAP KEPUTUSAN PELAPORAN KEUANGAN DAN PELAPORAN PAJAK

2017 ◽  
Vol 15 (2) ◽  
pp. 104
Author(s):  
Wahidatul Husnaini ◽  
Susi Retna Cahyaningtyas ◽  
Lukman Effendy
Keyword(s):  
Financial Reporting ◽  
Capital Markets ◽  
Stock Exchange ◽  
Management Strategies ◽  
Negative Influence ◽  
Debt Financing ◽  
Manufacturing Companies ◽  
Short Term ◽  
Tax Reporting

This study emphasizes on one of the management strategies, by accessing whether a company would have a propensity toward the financial reporting or tax reporting. In addition, the study also aims to examine the various factors of corporate finance activities as a source of differences in weighing the financial reporting or tax reporting. These variables are short-term debt, long-term debt, cash deficits and the ability to access capital markets. This study focused on manufacturing companies listed in Indonesia Stock Exchange during 2012 - 2014. Sample was determined based on the purposive sampling method and as a result, this study obtained 66 units of observations. Hypothesis testing based on logit regression showed that (1) 51.5% of companies choose financial reporting above tax reporting while 48.5% chose tax reporting above financial reporting. (2) Long-term debt has negative influence on decisions of financial reporting or tax reporting. Companies with high long-term ratio tend to make aggressive tax reporting for interest expense is deductible expense. (3) Three independent variables such as short-term debt, financing deficit and access to capital markets has no influence the decision of financial reporting or tax reporting. Keywords: short-term debt, long-term debt, financing deficit, access to capital markets, reporting decision.

scholarly journals Struktur Kepemilikan, Profitabilitas, dan Nilai Perusahaan: Mediasi Kebijakan Deviden

2020 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
Christina Heti Tri Rahmawati
Keyword(s):  
Firm Value ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Negative Influence ◽  
Positive Influence ◽  
Manufacturing Companies ◽  
Dividend Payout ◽  
Insider Ownership ◽  
Significant Positive Influence

Abstract. This research aims to investigate the influence of insider and institutional ownership, profitability towards firm value through dividend payout ratio as the intervening variable. The research method was quantitative research. The samples employed were the manufacturing companies registered in Indonesia Stock Exchange 2016-2018. The statistic method was analyzed by path analysis. The results of this research showed that insider ownership brought significant negative influence towards the firm value; the profitability brought significant positive influence towards the firm value and the dividend payout ratio brought significant positive influence towards the firm value. The intervening testing results proved the dividend payout did not intervene in the influence of the insider and institutional ownership towards the firm value, and the dividend intervened in the influence of profitability towards the firm value. The research implication for investors includes the drastic increase in profit and benefits. Meanwhile, for companies, they could enhance the insider share ownership and performance to earn optimum profitability and dividend that could boost the firm’s value and grab more investors. Keywords: Insider Ownership; Institutional Ownership; Profitability; Firm Value; Dividend Payout Ratio. Abstrak. Penelitian ini bertujuan menguji pengaruh kepemilikan manajerial, kepemilikan institusional dan profitabilitas terhadap nilai perusahaan melalui kebijakan deviden sebagai variabel mediasi. Metode penelitian yang digunakan adalah penelitian kuantitatif. Sampel yang digunakan adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2016-2018. Metode statistik untuk menguji hipotesis menggunakan analisis jalur. Hasil penelitian menunjukkan kepemilikan manajerial berpengaruh negatif signifikan terhadap nilai perusahaan; profitabilitas dan kebijakan deviden berpengaruh positif signifikan terhadap nilai perusahaan serta kebijakan deviden berpengaruh positif signifikan terhadap nilai perusahaan. Sedangkan hasil uji mediasinya membuktikan kebijakan deviden tidak memediasi pengaruh kepemilikan manajerial dan kepemilikan institusional terhadap nilai perusahaan;serta kebijakan deviden memediasi pengaruh profitabilitas terhadap nilai perusahaan. Implikasi penelitian ini bagi investor dapat memilih perusahaan dengan tingkat laba yang tinggi sehingga menerima keuntungan tinggi. Sedangkan bagi perusahaan dapat meningkatkan kepemilikan saham manajerial dankinerja perusahaan agar menghasilkan profitabilitas yang optimal serta dividen yang tinggi, sehingga meningkatkan nilai perusahaan dan menarik investor. Kata kunci: Kepemilikan Manajerial; Kepemilikan Institusional;Profitabilitas; Nilai Perusahaan; Kebijakan Deviden.

scholarly journals PENGARUH ARUS KAS BEBAS, PERTUMBUHAN PERUSAHAAN DAN PROFITABILITAS TERHADAP FINANCIAL LEVERAGE (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia)

2020 ◽  
Vol 6 (1) ◽  
pp. 1-14
Author(s):  
Heny Rofizar ◽  
Muhammad Arfan ◽  
Faisal Faisal
Keyword(s):  
Path Analysis ◽  
Cash Flow ◽  
Firm Growth ◽  
Stock Exchange ◽  
Negative Influence ◽  
Positive Influence ◽  
Free Cash Flow ◽  
Manufacturing Companies ◽  
Financial Leverage ◽  
Research Show

AbstractThe objective of this research is to examine the influence of free cash flow, firm growth, and profitability on financial leverage of manufacturing companies listed in Indonesian Stock Exchange for the period 2011 to 2015. Out of 121 manufacturing companies, 34 companies were selected as sample using purposive samping technique and then it estimated using path analysis. The results of this research show that: (1) free cash flow have positive influence towards financial leverage; (2) firm growth have positive influence towards financial leverage; and (3) profitability have negative influence towards financial leverage. These findings implied that in managing the financial leverage, the manufacturing companies should deliberate the importance of free cash flow, firms growth, and profitability. Keyword:   Financial Leverage, Free Cash Flow, Firms Growth, and Profitability   AbstrakTujuan dari penelitian ini adalah untuk menguji pengaruh arus kas bebas, pertumbuhan perusahaan, dan profitabilitas terhadap financial leverage pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2011-2015. Dari 121 perusahaan manufaktur, 34 perusahaan dipilih menjadi sampel penelitian dengan menggunakan metode purposive sampling dan kemudian diestimasi dengan menggunakan analisis jalur. Hasil pengujian menunjukkan bahwa: (1) arus kas bebas berpengaruh positif terhadap financial leverage; (2) pertumbuhan perusahaan berpengaruh positif terhadap financial leverage; dan (3) profitabilitas berpengaruh negatif terhadap financial leverage. Temuan penelitian ini bermakna bahwa dalam mengelola financial leverage, perusahaan manufaktur harus mempertimbangkan pentingnya arus kas bebas, pertumbuhan perusahaan, dan profitabilitas dari perusahaan tersebut. 

scholarly journals The effect of market pricing accrual, foreign ownership, financial distress, and leverage on the integrity of financial statements

2018 ◽  
Vol 63 (217) ◽  
pp. 129-139
Author(s):  
Melinda Malau ◽  
Etty Murwaningsari
Keyword(s):  
Financial Distress ◽  
Stock Exchange ◽  
Financial Statements ◽  
Foreign Ownership ◽  
Negative Influence ◽  
Positive Influence ◽  
Manufacturing Companies ◽  
Market Pricing ◽  
A Company ◽  
Significant Positive Influence

The purpose of this research is to analyse the effect of market pricing accrual, foreign ownership, financial distress, and leverage on the integrity of financial statements, using multiple regression analysis and logistic regression. The research uses 363 samples, comprising the data of 121 manufacturing companies listed on the Indonesia Stock Exchange over three years, from 2013 to 2015. The results show that market pricing accrual has a significant positive influence on the integrity of financial statements, while a company?s leverage has a significant negative influence. Bankruptcy and foreign ownership have no significant effect on financial statements? integrity. Based on the research results, when assessing the integrity of financial statements a company?s stakeholders should pay most attention to market pricing accrual and the company?s leverage. In addition, regulators should produce standards or guidelines governing the company?s remit and responsibilities regarding financial statements.

scholarly journals THE PROFITABILITY, FIRM’S SIZE, DIVIDEND PAYOUT RATIO AND FIRM’S VALUE: CAPITAL STRUCTURE INTERVENTION

2020 ◽  
Vol 9 (3) ◽  
pp. 218
Author(s):  
Christina Heti Tri Rahmawati
Keyword(s):  
Capital Structure ◽  
Large Scale ◽  
Stock Exchange ◽  
Scale Up ◽  
Negative Influence ◽  
Positive Influence ◽  
Manufacturing Companies ◽  
Dividend Payout ◽  
Significant Positive Influence ◽  
The Capital Structure

This research aims to investigate the influence of profitability, firm’s size, and dividend payout ratio towards firm’s value with the capital structure as the intervening variable. The samples employed were the manufacturing companies registered in Indonesia Stock Exchange from 2016-2018. The statistic method used to investigate the hypothesis was a path analysis. The result of the hypothesis investigation proved that the profitability brought significant negative influence towards capital structure, the firm’s size and dividend payout ratio brought insignificant influence towards capital structure; the profitability, firm’s size, dividend payout ratio, and capital structure brought significant positive influence towards the firm’s value. On the other hand, the intervening testing results proved that the capital structure intervened in the influence of the profitability towards the firm’s value, and the capital structure did not intervened in the influence of the firm’s size and dividend payout ratio towards the firm’s value. Being able to pick stocks with profitability value and high dividend payout ratio and choosing a large-scale company are the research implications for investors to scale up the firm’s value. Furthermore, companies can increase profitability, pay higher dividend, and choose a large-scale company by balancing the capital structure, so that firm’s value increases.

scholarly journals The Impact of Audit Committee, Firm Size, Profitability, and Leverage on Income Smoothing

2018 ◽  
Vol 2 (1) ◽  
pp. 61-74
Author(s):  
Veronica Indrawan ◽  
Sukrisno Agoes ◽  
Hisar Pangaribuan ◽  
Oluwatoyin Muse Johnson Popoola
Keyword(s):  
Adverse Effect ◽  
Financial Reporting ◽  
Firm Size ◽  
Audit Committee ◽  
Stock Exchange ◽  
Negative Influence ◽  
Income Smoothing ◽  
Secondary Source ◽  
Manufacturing Companies ◽  
The Impact

The objective of this study is to examine the impact of the audit committee, firm size, profitability, and leverage on income smoothing in manufacturing companies listed in Indonesia stock exchange for the period of 2013-2015. Regression statistics are employed to analyse the secondary source of data collected from the annual report of the companies. Measurement of income smoothing is proxied by discretionary accruals. The results of the study reveal that the firm size has a direct positive influence on income smoothing in the listed manufacturing companies in Indonesia. In essence, the more significant a firm size, the more actively performed income smoothing practices. In contrast, profitability indicates an adverse effect on income smoothing in the listed manufacturing companies. The adverse effect indicates that the higher the profit generated, the lesser the income smoothing practices performed. Similarly, leverage posits an adverse effect on income smoothing in the manufacturing sector. This indicates the smaller the risk of companies debt, the more exceptional the practice of income smoothing occurs. The audit committee size similarly shows a negative influence on income smoothing in the listed manufacturing companies. This finding indicates the larger audit committee size, the smaller practice of income smoothing. This occurs because the audit committee oversight function on financial reporting is more efficiently performed. The result of this research shows the contribution to theory, practice, and method, especially in developing countries.

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