scholarly journals The Consistency Of Islamic Corporate Financial Sustainability In Covid-19 Pandemic: An Empirical Analysis

2021 ◽  
Vol 12 (2) ◽  
pp. 179
Author(s):  
Yanuar Trisnowati ◽  
Rini Dwiyani Hadiwidjaja ◽  
Tita Nurvita
Keyword(s):  
Financial Stability ◽  
Structural Changes ◽  
Stock Exchange ◽  
Financial Sustainability ◽  
Sustainability Performance ◽  
Financial Expenditure ◽  
Independent Variable ◽  
Financial Income ◽  
Islamic Companies ◽  
A Company

The concept of sustainability is the ability of a company to carry out work program activities in a sustainable manner to achieve company goals. This study aims to examine empirically the consistency of financial sustainability in Islamic companies before and during the Covid-19 pandemic. To measure the financial sustainability performance, this study used ratios from financial income and financial expenditure. The sample in this study used purposive sampling that is 14 Islamic companies on the Indonesia Stock Exchange. Multiple linear regression and a chow test were used to examine the consistency. The result showed that The financial sustainability ratio of companies at the time of the pandemic has a higher value than before the pandemic. the pandemic period in Indonesia affected the financial stability of companies listed on the Jakarta Islamic Index. The independent variable that affects the dependent variable experiences structural changes in Indonesia in the period 2019 to quarter II of 2020

The Effect of Bankruptcy Possibility on Audit Delay and Timeliness (Empirical Study on Manufacturing Companies Listed in Indonesian Stock Exchange in the Period of 2012-2016)

2019 ◽  
Vol 2 (2) ◽  
pp. 118-146
Author(s):  
Triana Meinarsih ◽  
Abdul Yusuf ◽  
Muhammad Zilal Hamzah
Keyword(s):  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Z Score ◽  
Quality Of Accounting Information ◽  
Independent Variable ◽  
A Company

Audit delay and timeliness are important factors that influence the quality of accounting information in term of relevance. This study provides empirical evidence to answer the question of how bankruptcy possibility impacts on audit delay and timeliness.  This research studies manufacturing firms listed in Indonesian Stock Exchange (IDX) in the period of 2012-2016. Data are taken from official website of IDX. This study is a quantitative research that seek to find out relationship between independent variable and dependent variable. External secondary data used are annual reports accessed from IDX website. Measurement used is Z-Score Altman model prediction, while simple linear regression is employed as technical analysis. This study finds that bankruptcy possibility which is measured by ZScore is negatively influence audit delay and timeliness. Any decrease of Z-Score shows the possibility of a company experience bankruptcy and therefore causes audit delay and timeliness.

scholarly journals Pengaruh ukuran perusahaan dan leverage terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi

2021 ◽  
Vol 8 (2) ◽  
Author(s):  
Siwi Nur Khotimah ◽  
Rita Indah Mustikowati ◽  
Ati Retna Sari
Keyword(s):  
Business Strategy ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Company Size ◽  
Company Value ◽  
Property Companies ◽  
Negative Effect ◽  
Independent Variable ◽  
A Company

This study aims to examine and explain the effect of company size and leverage on firm value with profitability as a moderating variable in Real Estate and Property companies listed on the Indonesia Stock Exchange in the period 2016-2018. This type of research is explanatory research, testing classical assumptions, and analyzed using a moderated regression analysis, and using the t test. The number of samples is 32 companies, and the sampling method used is purposive sampling. This research variable consists of company size and leverage as an independent variable, company value as the dependent variable, and profitability as a moderating variable. The analysis showed that partially company size and leverage had no significant effect on firm value, profitability had a negative effect on firm value and profitability weakened the effect of company size on firm value and profitability strengthened the effect of leverage on firm value. In this study, it can provide implications for a company to consider factors of company size, leverage, and profitability, and can also be used as a reference by other companies in business strategy, understand aspects of the industry they are involved in, and pay more attention to the development of the environment that can affect the company's business so that it can increase the value of the company.

scholarly journals Diamond fraud analysis in detecting financial statement fraud

2019 ◽  
Vol 1 (2) ◽  
pp. 63-76
Author(s):  
Rani Eka Diansari ◽  
Arum Tri Wijaya
Keyword(s):  
Linear Regression ◽  
Financial Stability ◽  
Stock Exchange ◽  
External Pressure ◽  
Financial Statement ◽  
Variable Pressure ◽  
Financial Statement Fraud ◽  
Regression Test ◽  
Independent Variable ◽  
Financial Need

This study aims to analyze the influence of variable pressure proxied by financial stability, personal financial need, financial targets, external pressure, the opportunity proxied by nature of the industry, ineffective monitoring, rationalization, and capability of the financial statement fraud. The sample used 72 manufactured company listing on the Indonesia Stock Exchange during the 2014-2017 period. Multiple linear regression test is used to test the influence of the independent variable on the dependent variable. The result showed that financial stability, the ratio of the change in total assets, and external pressure, as measured by leverage, showed an influence on financial statement fraud while the personal financial need, financial targets, nature of industry, ineffective monitoring, rationalization, and capability does not influence financial statement fraud.

scholarly journals 1 PENGARUH LIKUIDITAS, AKTIVITAS DAN EFISIENSI PENGGUNAAN MODAL KERJA TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SUB SEKTOR OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2014-2018

2020 ◽  
Vol 24 (2) ◽  
pp. 1-12
Author(s):  
Alysia Pramesti ◽  
Hadi Suharno ◽  
Umi Kulsum
Keyword(s):  
Financial Performance ◽  
Hypothesis Testing ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Working Capital ◽  
F Test ◽  
Significance Level ◽  
Dependent Variables ◽  
Independent Variable ◽  
A Company

This study aims to determine how much influence liquidity, activity, and efficiency of the use of working capital on financial performance. This study includes several independent and dependent variables including: the independent variable is financial performance, while the dependent variable is liquidity, activity, and efficiency of the use of working capital. The population used in this study is a company engaged in the automotive sub sector listed on the Indonesia Stock Exchange during the 2014-2018 period, using a sampling technique in the form of saturated sampling. the number of samples of automotive sub-sector companies that fulfill criteria is 8 companies. Based on partial testing between liquidity (CR) and financial performance (ROA) shows that 𝑡𝑐𝑜𝑢𝑛𝑡(0.250) >𝑡𝑡𝑎𝑏𝑙𝑒 (1.684). Because the significant value is 0.804> 0.05 which means it is not significant, then 𝐻0is rejected 𝐻𝑎is accepted. Activity shows that 𝑡𝑐𝑜𝑢𝑛𝑡(-5.002) >𝑡𝑡𝑎𝑏𝑙𝑒(1.684). Because a significant value of 0.00 <0.05 which means significant, then 𝐻0is accepted𝐻𝑎is rejected. Efficient use of working capital (NWC) shows that 𝑡𝑐𝑜𝑢𝑛𝑡 (-0,385) >𝑡𝑡𝑎𝑏𝑙𝑒(1,684). Because the significant value is 0.703> 0.05 which means it is not significant, then𝐻0is is rejected 𝐻𝑎 accepted. For the results of simultaneous hypothesis testing, namely the F test, the value of 𝐹𝑐𝑜𝑢𝑛𝑡 (10,531)>>𝐹𝑡𝑎𝑏𝑙𝑒(2.87) with a significance level of 0.00 <0.05, it can be concluded that liquidity, activity and efficiency of working capital use on financial performance is influential simultaneously on financial performance.

scholarly journals ROLE OF AUDIT COMMITTEE IN THE FRAUD PENTAGON AND FINANCIAL STATEMENT FRAUD

2020 ◽  
Vol 2 (1) ◽  
pp. 77
Author(s):  
Hexana Sri Lastanti
Keyword(s):  
Financial Stability ◽  
Audit Committee ◽  
Stock Exchange ◽  
Financial Statement ◽  
Corporate Management ◽  
Manufacturing Companies ◽  
Financial Statement Fraud ◽  
Independent Variable ◽  
Pressure Factor

<p><em>The research aims to detect financial statement fraud by means of Fraud Pentagon, with Audit Committee as a moderating variable. Variables applied in this research are a dependent variable in form of Financial Statement Fraud, an independent variable in form of Fraud Pentagon consisting of Pressure, Opportunity, Rationalization, Competence or Capability and, Arrogance factors, and Audit Committee as a moderating variable. Meanwhile, this research analyzes 49 manufacturing companies listed on Indonesia Stock Exchange (IDX) during 2016-2018 as the research sample and conducts 149 observations by means of a purposive sampling method. The research finds out that Pressure, Opportunity, and Rationalization determine Financial Statement Fraud with respect to the existence or inexistence of moderation by the size of Audit Committee. Other factors (i.e., Capability and Arrogance) most likely are insignificant to Financial Statement Fraud. This research suggests that the corporate management should cautiously take into account the Pressure factor measured by financial stability, the Opportunity factor measured by effective monitoring, and the Rationalization factor measured by change in auditor. Those three aspects are highly significant to Financial Statement Fraud. Besides, the corporate management should also enhance the effectiveness of Audit Committee because this variable is able to magnify the effect of Pressure, Opportunity, and Rationalization factors on Financial Statement Fraud.</em></p>

scholarly journals PENGARUH EARNING PER SHARE (EPS), DIVIDEND PER SHARE (DPS) DAN FINANCIAL LEVERAGE (FL)TERHADAP HARGA SAHAM PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

Jurnal Ecogen ◽  
2018 ◽  
Vol 1 (4) ◽  
pp. 169
Author(s):  
Ariswandi Sang Putra
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Share Price ◽  
Manufacturing Companies ◽  
Financial Leverage ◽  
Demand And Supply ◽  
Independent Variable ◽  
A Company ◽  
Positive Effect

The ups and downs of stock prices depend on the attractive tug strength between demand and supply of stocks in the capital market. Understanding of stock prices and the factors that affect the changes is very important because it can provide information for investors or prospective investors in investing in the form of shares. For investors information on Earning Per Share, Dividend Per Share and Financial Leverage become a very basic requirement in decision making needs. Therefore, the researcher is interested in doing research about the effect of: 1) earning per shere on stock price, 2) dividend per share to stock price, 3) financial leverage to share price of a company. The population of this study are all manufacturing companies listed on the Indonesia Stock Exchange period 2011-2015. The method of selecting the sample using purposive sampling, samples obtained 53 companies period 2011-2015, so that 265data obtained in this study. The variables in this study consisted of EPS, DPS and FL as independent variable and stock price as dependent variable. Methods of data collection using documentation to obtain data on EPS, DPS, FL and stock prices. Data analysis used multiple regression analysis. The results of this study indicate that earnings per shere have a significant positive effect on stock prices, dividend per share positively insignificant to stock prices, and financial leverage positively insignificant effect on stock prices.Keyword: EPS ,DPS,FL, Stock Price

The relationship among financial and non-financial aspects of business sustainability performance: evidence from Iranian panel data

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mahdi Salehi ◽  
Arash Arianpoor
Keyword(s):  
Stock Exchange ◽  
Statistical Tests ◽  
Financial Sustainability ◽  
Mutual Relationship ◽  
Content Type ◽  
Business Sustainability ◽  
Sustainability Performance ◽  
Confirmatory Factor ◽  
Kolmogorov Smirnov ◽  
The Relationship

PurposeThe study's main objective is to identify business sustainability performance indicators and analyze the mutual relationship between different business sustainability components in Iran.Design/methodology/approachTo achieve research objectives, the 125 indicators of Business Sustainability Performance in Arianpoor and Salehi (2020) were used. For data collection, a questionnaire is designed and developed. Moreover, the Delphi method is used to determine the indicators related to business sustainability performance. Accordingly, we attempted to send the questionnaire to 346 experts and qualified opinion-leaders in the study area to utilize their opinions in our project. Finally, 108 questionnaires were analyzed statistically.FindingsIn this study, the confirmatory factor analysis (CFA), binomial test, one sample t-test, one sample Kolmogorov–Smirnov test and Kruskal–Wallis test are used. The results of statistical tests show that among 125 proposed indicators, 11 indicators were eliminated. Hence, to assess business sustainability performance in the listed firm on the Tehran Stock Exchange, 114 indicators were analyzed. To achieve the study's objective, the relationship between financial and non-financial sustainability performance and their effect is analyzed using the Smart PLS Software. Findings indicate that there is a mutual relationship between financial and non-financial sustainability performance in Iran. There is also a relationship between the operational component and research component and non-financial sustainability performance. In contrast, as for the growth component and non-financial sustainability performance, there is no significant relationship. Also, root means squared error (RMSE) values suggest a reasonable model-data fit.Originality/valueThe type and characteristics of different regions have a significant role in the reporting and differ according to different economic conditions. The discussion of business sustainability and its reporting is important; therefore, essential indicators were identified in this study. In addition, all aspects of sustainability performance are considered cohesively to analyze the mutual relationship between different components of sustainability performance and to be able to make more appropriate decisions in future studies about performance evaluation and reporting using the results of this paper.

scholarly journals The Influence of the Tax Charges, Tax-Defered and Planning, Againt Earnings Management (Case Studies to the Property and Real Estate Listed at the Indonesian Stock Exchange 2016-2018 period)

2019 ◽  
Author(s):  
Luqman Hakim ◽  
Gian Anugerah Pratama
Keyword(s):  
Real Estate ◽  
Stock Exchange ◽  
Analysis Data ◽  
Tax Planning ◽  
Common Effect ◽  
Net Profit ◽  
Independent Variable ◽  
Deferred Tax ◽  
Real Estate Company ◽  
A Company

This research aims to review the influence of the independent variable that is the tax charges and deferred tax planning in partial and simultaneous against earnings management.Profit management is an effort he played or performed by the management to raise or lower the reported profit from the unit became his responsibility who have no ties to increase or decrease a company profitability for the long term.Profit management has aimed to improve accounting profit but not a taxable, then the management of net profit was going to cause temporary differences that will produce higher. deferred tax burdenResearched used is property and real estate company registered in indonesia stock exchange 2016-2018 period. The sample used in this research as many as 24 companies were chosen in purposive sampling methods.The analysis used is a regression analysis data panel using Eviews version 9.The selected were common effect being with the f test and the t test, with the significance of 5%. Based on the results of the f note that the tax charges tax simultaneously tangguhan and planning will not affect its management.Based on the resultsofthetavariableloadtangguhaninfluencesmanagementprofittax.Adjustedr2 shows that in this study all the independent variable to contribute as much as 16% dependent variable.

scholarly journals ANALISIS DETERMINAN FRAUD DIAMOND TERHADAP DETEKSI FRAUDULENT FINANCIAL STATEMENT

2019 ◽  
Vol 14 (2) ◽  
pp. 125
Author(s):  
Yudha Adnovaldi ◽  
Wibowo Wibowo
Keyword(s):  
Earnings Management ◽  
Financial Stability ◽  
Stock Exchange ◽  
External Pressure ◽  
Financial Statement ◽  
Manufacturing Companies ◽  
Financial Statement Fraud ◽  
Leverage Ratio ◽  
Pressure Variable ◽  
Independent Variable

<p><em>The study aims to obtain empirical evidence regarding financial statement fraud based on the theory of fraud diamond. In this study, the independent variable is financial stability, external pressure, financial target, nature of industry, ineffective monitoring, rationalization, and capability variable. The study uses earnings management to investigate the potential of financial statement fraud. Earnings management is measured by F-Score indicator. Sample are 32 manufacturing companies which are listed on the Indonesia Stock Exchange (IDX) in  2015-2017.</em><em> </em><em>The result shows that only external pressure variable which is proxied by leverage ratio and nature of the industry variable which is proxied by obsolete inventory account that has significantly influences to detect the potential of financial statement fraud. Meanwhile financial stability which is proxied by changes in total assets ratio, financial targets which is proxied by ROA ratio, ineffective monitoring which is proxied by number of independent commissioners ratio, rationalization variable which is proxied by change in auditor, and capability variable which is proxied by change in directors do not affect to detect the potential of financial statement fraud.</em><em></em></p>

scholarly journals The effect of stock return and ownership structure on investment risk in manufacturing companies listed on the Indonesian Stock Exchange (IDX) 2011 - 2013

2015 ◽  
Vol 5 (2) ◽  
pp. 187
Author(s):  
Anggraeni Meliana ◽  
Nurul Hasanah Uswati Dewi
Keyword(s):  
Stock Returns ◽  
Ownership Structure ◽  
Stock Return ◽  
Stock Exchange ◽  
Investment Risk ◽  
Manufacturing Companies ◽  
Negative Effect ◽  
Independent Variable ◽  
A Company ◽  
Positive Effect

This research aims to examine the effect of stock returns and ownership structure on the investment risk. The variables of this study are dependent variable, consisting of investment risk, and independent variable, consisting of stock return and ownership structure. The ownership structure in this study is measured using managerial own-ership and institutional ownership. The study sample consists of 101 manufacturing companies listed on the Indonesian Stock Exchange (IDX) 2011-2013. The result indicates that stock return has a positive effect on investment risk. If the investors expect the higher return rate, they must have the courage to bear the higher risk. The ownership structure does not have a negative effect on investment risk. It is because the ownership structure of a company is not included among the factors that affect the size of the investment risk that is likely to be experienced by investors. The implication of this study is that investors pay less attention to the ownership of the company to be invested. Therefore, the investors are expected to be more aware of the importance of ownership and corporate governance. Thus, it can reduce the failure experienced by investors in investing.

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