scholarly journals Do the Firm Size, Debt Level, and Liquidity Have Impact on the Hedging Decisions

2021 ◽  
Author(s):  
Wisnu Setiyono ◽  
Detak Prapanca ◽  
Novita Afelya Pramudita
Keyword(s):  
Firm Size ◽  
Debt Level

scholarly journals PENGARUH FIRM SIZE, FINANCIAL DISTRESS, DEBT LEVEL, DAN MANAGERIAL OWNERSHIP TERHADAP KEPUTUSAN HEDGING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 9 (1) ◽  
Author(s):  
Husna Anniyati ◽  
Hermanto Hermanto ◽  
Siti Aisyah Hidayati
Keyword(s):  
Data Analysis ◽  
Firm Size ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Financial Statements ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Debt Level ◽  
Analysis Technique

This study aims to analyze the influence of firm size, financial distress, debt level, and managerial ownership on hedging decisions on manufacturing companies listed on the Indonesia Stock Exchange. This type of research is associative-causality research. The population of this research is all the go pubic manufacturing companies on the Indonesia Stock Exchange, which are 170 companies. The number of samples used was 81 companies, which were taken using a purposive sampling method. Data collection techniques use documentation techniques obtained from the annual financial statements of manufacturing companies. The data analysis technique uses the logistic regression analysis method. The results of data analysis show that: (1) firm size and managerial ownership variables have a positive and significant effect on hedging decisions and (2) financial distress and debt levels have a negative and insignificant effect on hedging decisions.Keywords:hedging, firm size, financial distress, debt level, managerial ownership

scholarly journals PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, DAN TINGKAT HUTANG TERHADAP TAX AVOIDANCE

2021 ◽  
Vol 26 (1) ◽  
pp. 1-11
Author(s):  
Desi Rahmawati ◽  
Dhiona Ayu Nani
Keyword(s):  
Regression Analysis ◽  
Firm Size ◽  
Sampling Method ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Tax Avoidance ◽  
Multiple Linear Regression Analysis ◽  
Company Size ◽  
Debt Level ◽  
Mining Companies

This study aims to analyze the effect of profitability, firm size, and debt level on tax avoidance. The sample in this study are mining companies listed on the Indonesia Stock Exchange during the 2016-2019 period. The sample in this study using purposive sampling method obtained a sample of 23 mining companies. Tests in this study using SPSS (Statistical Product and Service Solution) analysis tools and data analysis in this study using multiple linear regression analysis. The results of this study indicate that the profitability variable is negative on tax avoidance, company size has no effect on tax avoidance, while the level of debt has a negative and significant effect on tax avoidance. The variables of profitability, firm size, and debt level together have a significant effect on tax avoidance. Keywords: tax avoidance, profitability, firm size, debt level.

scholarly journals PENGARUH PERUBAHAN PENJUALAN, ASSET INTENSITY, PROFITABILITY, SIZE, DAN LEVERAGE TERHADAP COST STICKINESS

2019 ◽  
Vol 2 (2) ◽  
pp. 411
Author(s):  
Evelyn Evelyn
Keyword(s):  
Empirical Evidence ◽  
Firm Size ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Debt Level ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
The Cost ◽  
Cost Stickiness ◽  
Positive Effect

This study aims to obtain empirical evidence on the effect of changes in sales, asset intensity, profitability, firm size, and debt level to cost stickiness on all companies listed in Indonesia Stock Exchange in period 2012-2016. The number of sample companies used in this study is 150 companies. The results of this study indicate that on the net sales condition increased, the increase of SGA cost is higher than the decrease of SGA cost at the time of net sales decrease, asset intensity have a significant positive effect to cost stickiness, profitability has no significant effect on cost stickiness, firm size has no effect significant to the cost stickiness, and the level of debt has a significant negative effect on the cost stickiness.  Keyword: Cost Stickiness, Asset Intensity, Profitability, Sales changes and Size

scholarly journals Urgensi Persistensi Laba : Antara Volatilitas Penjualan, Arus Kas Operasi, Tingkat Utang, dan Ukuran Perusahaan pada Perusahaan Manufaktur Sektor Barang dan Konsumsi yang Terdaftar di ISSI Periode 2016-2019

2021 ◽  
Vol 4 (1) ◽  
pp. 107
Author(s):  
Sofiatun Humayah ◽  
Tina Martini
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Secondary Data ◽  
Stock Index ◽  
Earnings Persistence ◽  
Debt Level ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect ◽  
Operating Cash Flow

<p class="sbab"><em>The purpose of this study is to analyze and obtain empirical evidence on whether there is an influence between sales volatility, operating cash flow, debt level, and firm size on earnings persistence. This research is associative research with a quantitative approach. The technique used in sampling is purposive sampling. The data used in this research is secondary data. Furthermore, the data were analyzed using panel data regression analysis using the help of Eviews 10. The object of this research is a manufacturing company in the goods and consumption sector listed on the Indonesian Sharia Stock Index (ISSI) for the 2016-2019 period. The number of samples in this study was 15 companies. The results of this test partially debt level and firm size have a negative effect on earnings persistence. Meanwhile, sales volatility and operating cash flow have no effect on earnings persistence. The four independent variables have a proportion of 90.88% of their influence on the dependent variable and 9.12% is explained by other variables not included in the study.</em></p>

scholarly journals The Influence of Multinationality on Determinants of Change in Debt Level: Empirical Evidence from Indonesia

2010 ◽  
Vol 12 (1) ◽  
pp. 1
Author(s):  
Cynthia A. Utama ◽  
Santi Rahmawati
Keyword(s):  
Multinational Corporations ◽  
Firm Size ◽  
Positive Impact ◽  
Agency Problems ◽  
Order Theory ◽  
Negative Influence ◽  
Pecking Order Theory ◽  
Debt Level ◽  
Probability Of Bankruptcy ◽  
The Relationship

This study aims to investigate whether: (1) the change in debt level is affected by agency problems, the probability of bankruptcy, firm size, and profitability; (2) the change in debt level is affected by multinationality (i.e., multinational corporations (MNCs) or domestic corporations (DCs)) and whether multinationality affects the relationship of agency problems, probability of bankruptcy, size, and profitability to the change in debt level. This study finds that in general, the change in debt level is negatively affected by the probability of bankruptcy and size. Furthermore, the changes in debt level for Indonesian MNCs are negatively affected by the probability of bankruptcy, firm size, and profitability. The negative effects of size and profitability on the change in debt level support the view of the Pecking Order Theory. However, for domestic companies, none of the determinants has a significant effect on the change in debt level. We also find that: (1) only size has a negative influence on the change in debt level when we include all interactive terms in the model; (2) if we include one interactive variable at a time, the probability of bankruptcy, firm size, and profitability have negative influences on the change in debt level; in addition, a positive impact of agency problems on the change in debt level is more pronounced for MNCs compared to DCs. Overall, we conclude that multinationality affects the relationship between agency problems and the change in debt level.Keywords: capital structure; Indonesia leverage; multinational corporations

PENGARUH TINGKAT HUTANG DAN UKURAN PERUSAHAAN TERHADAP PERISTENSI LABA DENGAN BOOK TAX DIFFERENCES SEBAGAI VARIABEL MODERATING (Studi Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Periode 2016-2019)

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Wuri Hastina
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Absolute Difference ◽  
Manufacturing Companies ◽  
Debt Level ◽  
Quantitative Descriptive ◽  
The Relationship ◽  
Positive Effect ◽  
Descriptive Method

Abstract This study aims to examine whether the debt level and firm size has an effect on earning persistence. In addition, this study also aims to determine whether the book tax difference variable moderates the relationship between the variable debt level and firm size on earning persistence. The sample used in this study were manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2016-2019. The number of samples in this study were 33 companies. The sample was selected using purposive sampling technique. This research uses quantitative descriptive method, for data analysis using multiple linear analysis and moderation analysis using the absolute difference value test with SPSS 20 software. The results of this study indicate that the level debt has a positive effect on earning persistence. Meanwhile, firm size has no effect on earning persistence. The results of the moderating variable indicate that Book Tax Differences as a moderating variable can weaken the debt level with earning persistence and firm size with earning persistence. Keywords : Debt Level, Firm Size, Earning Persistence, Book Tax Differences

DEBT LEVEL, FIRM SIZE, AND RETURNS FOR US MINING AND PROCESSING INDUSTRY

1987 ◽  
Vol 22 (3) ◽  
pp. 35-35
Author(s):  
John Consler ◽  
Bill A. Hancock
Keyword(s):  
Firm Size ◽  
Processing Industry ◽  
Debt Level

scholarly journals Peran Komite Audit sebagai Pemoderasi Atas Determinan Persistensi Laba Perusahaan Pertambangan

2018 ◽  
Vol 5 (02) ◽  
pp. 230-244
Author(s):  
Wawan Awaludin ◽  
Darmansyah Darmansyah
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Audit Committee ◽  
Stock Exchange ◽  
Cash Flows ◽  
Financial Ratios ◽  
Earnings Persistence ◽  
Company Size ◽  
Debt Level ◽  
Debt Levels

ABSTRACT This study aims to examine operational cash flows, debt levels, and firm size against earnings persistence, in moderation with an audit committee. Samples are 25 mining companies listed on the Indonesia Stock Exchange for 5 years. The results of the study prove that operational cash flows, debt levels have a significant effect on earnings persistence, firm size has a negative effect on earnings persistence. The committee of committee can moderate the effect of cash flow on earnings persistence. The audit committee cannot moderate the influence of the level of debt and company size on earnings persistence. The results of the study are expected to be a consideration for investors in investing in the capital market. Decision-making should be based on financial ratios, among others, operational cash flow, debt level and company size, and for issuers expected in business expansion must consider financial ratios, including operational cash flow, debt level and company size. ABSTRAK Penelitian ini bertujuan untuk menguji arus kas operasional, tingkat hutang, dan ukuran perusahaan terhadap persistensi laba, di moderasi dengan audit committee. Sampel adalah 25 perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia selama 5 tahun. Hasil penelitian membuktikan bahwa arus kas operasional, tingkat hutang berpengaruh signifikan terhadap persistensi laba, ukuran perusahaan berpengaruh negatif terhadap persistensi laba. Komite uadit dapat memoderasi pengaruh arus kas terhadap persistensi laba. Komite audit tidak dapat memoderasi pengaruh tingkat hutang dan ukuran perusahaan terhadap persistensi laba. Hasil penelitian diharapkan dapat menjadi pertimbangan bagi investor dalam melakukan investasi di pasar modal. Pengambilan keputusan seharusnya didasarkan pada rasio keuangan, antara lain, arus kas operasional, tingkat hutang dan ukuran perusahaan, dan bagi emiten diharapkan dalam ekspansi usaha wajib mempertimbangkan rasio keuangan antara lain arus kas operasional, tingkat hutang dan ukuran perusahaan. JEL Classification: M41, O16

scholarly journals Peran Komite Audit sebagai Pemoderasi Atas Determinan Persistensi Laba Perusahaan Pertambangan

2018 ◽  
Vol 5 (02) ◽  
pp. 230-244
Author(s):  
Wawan Awaludin ◽  
Darmansyah Darmansyah
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Audit Committee ◽  
Stock Exchange ◽  
Cash Flows ◽  
Financial Ratios ◽  
Earnings Persistence ◽  
Company Size ◽  
Debt Level ◽  
Debt Levels

ABSTRACT This study aims to examine operational cash flows, debt levels, and firm size against earnings persistence, in moderation with an audit committee. Samples are 25 mining companies listed on the Indonesia Stock Exchange for 5 years. The results of the study prove that operational cash flows, debt levels have a significant effect on earnings persistence, firm size has a negative effect on earnings persistence. The committee of committee can moderate the effect of cash flow on earnings persistence. The audit committee cannot moderate the influence of the level of debt and company size on earnings persistence. The results of the study are expected to be a consideration for investors in investing in the capital market. Decision-making should be based on financial ratios, among others, operational cash flow, debt level and company size, and for issuers expected in business expansion must consider financial ratios, including operational cash flow, debt level and company size. ABSTRAK Penelitian ini bertujuan untuk menguji arus kas operasional, tingkat hutang, dan ukuran perusahaan terhadap persistensi laba, di moderasi dengan audit committee. Sampel adalah 25 perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia selama 5 tahun. Hasil penelitian membuktikan bahwa arus kas operasional, tingkat hutang berpengaruh signifikan terhadap persistensi laba, ukuran perusahaan berpengaruh negatif terhadap persistensi laba. Komite uadit dapat memoderasi pengaruh arus kas terhadap persistensi laba. Komite audit tidak dapat memoderasi pengaruh tingkat hutang dan ukuran perusahaan terhadap persistensi laba. Hasil penelitian diharapkan dapat menjadi pertimbangan bagi investor dalam melakukan investasi di pasar modal. Pengambilan keputusan seharusnya didasarkan pada rasio keuangan, antara lain, arus kas operasional, tingkat hutang dan ukuran perusahaan, dan bagi emiten diharapkan dalam ekspansi usaha wajib mempertimbangkan rasio keuangan antara lain arus kas operasional, tingkat hutang dan ukuran perusahaan. JEL Classification: M41, O16

scholarly journals U-Shape Nonlinearity of Ownership Concentration on Firm Value

2019 ◽  
Vol 7 (2) ◽  
pp. 145
Author(s):  
Ahmad Aziz Putra Pratama
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Ownership Concentration ◽  
Linear Effect ◽  
Debt Level ◽  
Company Value ◽  
Relationship Of ◽  
Positive Effect

The ownership and value relationship of the company has a lot of contentious issues. Previous studies have only examined the linear effect of ownership concentration on company value. In contrast to previous studies, the novelty of this study is to test the effect of nonlinearity in the concentration of ownership on company value using 240 non-financial companies listed on the Indonesia Stock Exchange during the period 2010-2018 with 2,151 observations. The results showed that the concentration of ownership showed the effect of nonlinear U-shaped on firm value. This study confirms that ownership concentration negatively influences the firm's value first and will show a positive effect after reaching a certain point. In addition, the debt level and firm size have a positive effect on firm’s value.

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