Pengaruh Kualitas Auditor, Leverage, Harga Saham, Inflasi, Capital Expenditure Terhadap Manajemen Laba Pada Perusahaan Manufaktur yang Terdaftardi BEI

2020 ◽  
Vol 1 (1) ◽  
pp. 74-94
Author(s):  
Annisa Silfiana ◽  
Diana Dwi Astuti ◽  
Wiwik Fitria Ningsih
Keyword(s):  
Earnings Management ◽  
Stock Prices ◽  
Stock Price ◽  
Audit Quality ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Well Being ◽  
Discretionary Accruals ◽  
Manufacturing Companies ◽  
Price Inflation

This study aims to determine the effect of Audit Quality, Leverage, Stock Prices, Inflation, Capital Expenditure, on earnings management as measured by discretionary accruals. In agency theory, agency problems arise because of the opportunistic behavior of the agent, namely the behavior of management to maximize their own well-being that is contrary to the principal's interests. Managers have the urge to choose and implement accounting methods that can show good performance to get bonuses and principals, the choice of methods deliberately chosen by management is known as earnings management.This type of research is an empirical study. The study was conducted on cigarette manufacturing sub-sector manufacturing companies listed on the Indonesia Stock Exchange in 2014-2018. Data obtained through documentation, by collecting annual report data and company financial reports on the Indonesia Stock Ecchange (IDX) web. Data regarding discretionary accruals to measure earnings management, dummy to measure auditor quality, debt equity ratio to measure leverage, earnings per share to measure stock prices, inflation at certain periods to measure inflation, capex ratio to measure capital expenditure and tested using regression tests linear regression with the help of SPSS analysis.The results of this study indicate that audit quality and leverage significantly influence earnings management while the other three variables are stock price, inflation, capital expendiure, and no effect on earnings management.

scholarly journals EFFECTIVENESS OF FIRM PERFORMANCE AND EARNINGS MANAGEMENT TO STOCK PRICES

2020 ◽  
pp. 75-83
Author(s):  
Rieke Pernamasari ◽  
Sri Purwaningsih ◽  
Juita Tanjung ◽  
Dewi Puji Rahayu
Keyword(s):  
Firm Performance ◽  
Earnings Management ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Financial Statements ◽  
Specific Model ◽  
Publication Date ◽  
Manufacturing Companies

The long-term goal to be achieved in this research is to analyze stock prices by using firms performance and earnings management in the consumption sector manufacturing companies on the Indonesia Stock Exchange. Firm performance uses profitability proxies measured through Return On Assets (ROA) and leverage measured through Debt to Equity Ratio (DER), while the proxy for earnings management used is the actual specific model, namely working capital accruals. The stock price used in this study is the stock price one week after the publication date of the 2016-2018 financial statements. The results of the study indicate that the performance of companies proxied through ROA and DER is able to have a significant positive effect on stock prices in registered manufacturing sector manufacturing companies on the Indonesia Stock Exchange. The results of this study prove that investors are very concerned about the information contained in the financial statements published by the company, especially information about profits or profits obtained by the company and the debt used by the company for its operations, while earnings management is able to give an influence but not significant on stock prices. This means that investors do not respond to information, including accruals in the financial statements. KEYWORDS: Return on Asset, Debt on Equtity Ratio, Earning Management, Stock Price.

scholarly journals KUALITAS AUDIT SEBAGAI PEMODERASI PENGARUH MANAJEMEN LABA TERHADAP NILAI PERUSAHAAN

2020 ◽  
Vol 3 (2) ◽  
pp. 174-190
Author(s):  
I Putu Edi Darmawan
Keyword(s):  
Earnings Management ◽  
Firm Value ◽  
Audit Quality ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Discretionary Accruals ◽  
Real Earnings Management ◽  
Manufacturing Companies ◽  
Negative Effect ◽  
The Impact

This study aims to test and analyze the impact of accrual earnings management and real earnings management on firm value empirically. Also, audit quality's role on the effect of accrual earnings management and total earnings management on firm value. The analytical method used is Moderated Regression Analysis (MRA). This research's population is manufacturing companies listed on the Indonesia Stock Exchange during the period 2013 to 2017. The sampling technique used is purposive sampling. This study found that accrual earnings management, which is proxied by discretionary accruals, positively affects firm value. Real earnings management has a negative effect on firm value. Audit quality cannot weaken the effect of accrual earnings management on firm value. However, audit quality weakens the effect of real earnings management on firm value.

scholarly journals FACTORS AFFECTING OPERATING CASH FLOW TO STOCK RETURN THROUGH STOCK PRICE

2018 ◽  
Vol 5 (2) ◽  
Author(s):  
Aprih . Santoso
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Return ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statements ◽  
Manufacturing Companies ◽  
Operating Cash Flow

Abstract : Companies need funds in order to carry out operations such as the financing of production activities, pay employees, pay other expenses related to the operation of the company. One way to obtain these funds is to attract investors to invest in companies in the form of stock, but in making this investment is certainly not easy for investors, because investors need consideration beforehand to find out how the company's performance. The purpose of this study was to examine and analyze the effect of operating cash flow to stock return through stock price at companies listed on the Stock Exchange Year 2012-2015. The data used in this study dala are secondary data from the financial statements of companies listed on the Indonesia Stock Exchange period 2012 - 2015. The data are in the form of financial statements can be obtained from the Indonesian Capital Market Directory (ICMD), the IDX website www.idx.co. id as well as from various other sources to support this research. The population in this research is manufacturing companies listed on the Stock Exchange the period 2012 - 2015. The samples taken by the sampling technique used purposive sampling.From the test results and analysis of the data it can be concluded that operating cash flow directly and indirectly has no effect on stock returns through stock prices showed no significant results. Keywords :  Operating Cash Flow, Stock Price, Stocks Return

scholarly journals Prediksi Harga Saham Dalam Berinvestasi Pada Perusahaan Manufaktur

2021 ◽  
Vol 9 (2) ◽  
pp. 101-114
Author(s):  
Fauziyah Fauziyah
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Prediction Method ◽  
Manufacturing Companies ◽  
Upward Trend ◽  
Stock Trading ◽  
The Past

Abstract Indonesia Stock Exchange (IDX) is a term that is well known in the world of stocks in Indonesia. One of the company sectors listed on the IDX is manufacturing. The contribution of the manufacturing sector to Gross Domestic Product (GDP) was recorded to be the largest compared to other sectors. In this research, the manufacturing companies that will be used as the object of research to predict their stock prices are manufacturing companies listed in LQ45. In stock trading, prices fluctuate up or down. Stock conditions that fluctuate every day make investors who are going to invest in the Manufacturing industry must observe and study the past company data before investing. This data is important for investors to find out what might happen to a company's stock price. Thus, predicting stock prices in the manufacturing industry for the future is needed as a stage in deciding which manufacturing companies are good to investing in. The prediction method in this research uses ARIMA. The results obtained are the stock prices of companies GGRM, HMSP, ICBP, INDF, INTP and UNVR following a downward trend, so that the actions taken by investor in these companies are selling stocks, while for the stock prices of companies ASII, CPIN, INKP, JPFA, SMGR, TKIM, following an upward trend, so that the actions taken by investors in these companies are buying stocks.Keywords: Prediction, ARIMA, Investment  BEI merupakan istilah yang terkenal pada dunia saham di Indonesia. Sektor perusahaan yang terdapat di BEI salah satunya adalah manufaktur. Kontribusi sektor manufaktur dalam Produk Domestik Bruto (PDB) tercatat yang paling besar dibandingkan sektor lainnya. Di dalam penelitian ini, perusahaan manufaktur yang akan dijadikan objek penelitian untuk diramalkan harga sahamnya yaitu perusahaan manufaktur yang terdaftar di LQ45.  Pada perdagangan saham, harga mengalami fluktuasi naik maupun turun.  Keadaan saham yang fluktuasi setiap hari menjadikan investor yang akan berinvestasi di industri Manufaktur harus mengamati dan mempelajari data perusahaan dimasa lalu sebelum melakukan investasi. Data tersebut penting bagi investor untuk mengetahui kemungkinan yang terjadi pada harga saham suatu perusahaan. sehingga, meramal harga saham pada industri manufaktur untuk masa yang akan datang sangat dibutuhkan sebagai tahapan dalam memutuskan perusahaan Manufaktur yang baik dalam melakukan investasi. Metode Prediksi dalam penelitian ini menggunakan ARIMA. Hasil yang didapat yaitu harga saham perusahaan GGRM, HMSP, ICBP, INDF, INTP dan UNVR mengikuti tren turun, sehingga langkah yang diambil untuk investor pada perusahaan tersebut adalah menjualnya sedangkan untuk harga saham perusahaan ASII, CPIN, INKP, JPFA, SMGR, TKIM, mengikuti tren naik, sehingga langkah yang diambil untuk investor pada perusahaan tersebut adalah membeli saham.Kata Kunci: Prediksi, ARIMA, Investasi

scholarly journals Free cash flow and earnings management: board of commissioner, board independence and audit quality

2017 ◽  
Vol 14 (4) ◽  
pp. 284-288 ◽  
Author(s):  
Yulius Kurnia Susanto ◽  
Arya Pradipta ◽  
Indra Arifin Djashan
Keyword(s):  
Earnings Management ◽  
Cash Flow ◽  
Sampling Method ◽  
Audit Quality ◽  
Flow Problem ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Board Independence ◽  
Manufacturing Companies ◽  
Management Board

The purpose of the research is to provide empirical evidence about the effect of board of commissioner, board independence and audit quality on relationship between free cash flow and earnings management. This research used 290 data from manufacturing companies listed in Indonesia Stock Exchange, selected using purposive sampling method, during 2012 until 2014. Earnings management calculated using Modified Jones (1991) Model include ROA from Kothari et al. (2005). Data for the research were analyzed using multiple regression analysis. The results of the research showed that the effect of board of commissioner, board independence and audit quality on relationship between free cash flow and earnings management is negative and significant. Board of commissioners, board independence and audit quality can reduce earnings management problems arising from free cash flow. Board of commissioners, board independence and audit quality oversee the opportunistic behavior of managers that arises from free cash flow problem.

scholarly journals The Effect of Current Ratio (CR), Firm Size (FS), Return on Equity (ROE), and Earning Per Share (EPS) on the Stock Prices of Manufacturing Companies listed in Indonesia Stock Exchange in the 2014-2018 Period

2020 ◽  
Vol 3 (4) ◽  
pp. 2759-2773
Author(s):  
Yeni Ariesa ◽  
Tommy Tommy ◽  
Jane Utami ◽  
Intan Maharidha ◽  
Nanda Ciptara Siahaan ◽  
...  
Keyword(s):  
Firm Size ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Sample Selection ◽  
Sampling Technique ◽  
Total Sample ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Return On Equity

This study aims to determine the effect of Current Ratio on stock prices, the effect of Firm Size on stock prices, the effect of Return On Equity on Stock Prices, the effect of Earning Per Share on Stock Prices, and the influence of Current Ratio, Firm Size, Return On Equity, and Earning Per Share simultaneously on stock prices in the 5 year period, 2014-2018. This study uses a quantitative approach with a descriptive statistical analysis type. The population in this study amounted to 150 companies. This study uses financial statement data with time series for the last 5 years published from www.idx.co.id. In this study, the sample selection used purposive sampling technique. The sample of this study contained 49 companies in the last 5 years with a total sample quantity of 245 manufacturing companies. The results of this study indicate that partially Current Ratio and Return On Equity have no and insignificant effect on stock prices of manufacturing companies. Partially Firm Size and Earning Per Share have a positive and significant effect on stock prices of manufacturing companies. Meanwhile, the independent variable Current Ratio, Firm Size, Return On Equity, and Earning Per Share simultaneously have a significant effect on the variable stock price of manufacturing companies.

scholarly journals PENGARUH RETURN ON EQUITY, DEBT TO EQUITY RATIO DAN SIZE TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)

BISMA ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 27
Author(s):  
Marzuki Marzuki
Keyword(s):  
Firm Size ◽  
Significant Influence ◽  
Stock Prices ◽  
Stock Price ◽  
Time Series Data ◽  
Stock Exchange ◽  
Series Data ◽  
Manufacturing Companies ◽  
Return On Equity ◽  
Section Data

The objective of this study is to examine the effect of ROE, DER, and firm size on stock prices of the manufacturing companies listed on the Indonesia Stock Exchange (IDX). The data used in this study were panel data sourced from the combination of cross section data and time series data. This research used purposive sampling method with the sample consisted of 86 manufacturing companies listed on IDX in 2017. Data were analyzed using multiple linear regression. The results showed that ROE and firm size had a positive and significant influence on stock price. However, DER did not have a significant influence on stock price. Keywords : ROE, DER, company size, stock price

scholarly journals PENGARUH UKURAN PERUSAHAAN DAN PENERIMAAN OPINI GOING CONCERN TERHADAP HARGA SAHAM

2019 ◽  
Vol 4 (2) ◽  
Author(s):  
Hesekiel Siregar ◽  
Putri Nurmala
Keyword(s):  
Consumer Goods ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Manufacturing Companies ◽  
Going Concern ◽  
Size Acceptance ◽  
Going Concern Opinion

This study aims to determine the effect of firm size and acceptance of a going concern opinion on stock prices. In this study, the object of which is manufacturing firms listed in Indonesia Stock Exchange (BEI) in the consumer goods sector to the period from 2011 until 2015. In this study, the data used is data based on annual financial reports obtained through the site www .idx.co.id and sahamm price report data obtained through www.sahamok.com site. The sampling method this study using purposive sampling counted 17 manufacturing companies in the consumer goods sector for 5 years for a total observation in this study to 85 data. Statistical calculations used to test the hypothesis in this study is the associative analysis and verification analysis. Analysis consisted of deskriktif statistical verification, classic assumption test, multiple linear regression analysis, analysis of determination, f test, t test. The results of this research shows that the size of the companies have a significant effect on stock prices and the acceptance of a going concern opinion does not affect the stock price.�Key Words: Company Size, Acceptance of Going concern Opinion, Stock Price

scholarly journals KONVERGENSI IFRS, KUALITAS AUDIT, DAN MANAJEMEN LABA

2020 ◽  
Vol 27 (1) ◽  
pp. 1
Author(s):  
Fitri Ramadhani ◽  
Theresia Woro Damayanti
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Earnings Management ◽  
Sampling Method ◽  
Management Practices ◽  
Audit Quality ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Manufacturing Companies ◽  
Purposive Sampling

The purpose of this study is to analyzed how the IFRS convergence influence earnings management with audit quality as a moderating variable. The study was conducted on manufacturing companies listed on the Indonesia Stock Exchange in the period 2008-2018 obtained using the purposive sampling method. The results of the study using panel data analysis showed that IFRS convergence negatively and significantly affected earnings management.This shows that the convergence of IFRS has an impact on the decline in earnings management practices. However, this study failed to prove audit quality as a moderating variable.

scholarly journals ANALISIS PENGARUH FAKTOR FUNDAMENTAL DAN PASAR TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

2015 ◽  
pp. 12-30
Author(s):  
Anastasia F. Karo-Karo ◽  
Donalson Silalahi
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Analysis Model ◽  
Return On Equity ◽  
Book Value ◽  
Capitalization Rate ◽  
Value Growth

This study aimed to analyze the influence Earning Per Share, Return on Equity, Book Value, Growth Company and market factors, namely Capitalization Rate on stock price on manufacturing companies listed in Indonesia Stock Exchange. The object of this research is manufacturing companies listed in Indonesia Stock Exchange 2010-2012 period who actively publish the financial statements in the period of observation. In this study, the data collected is of secondary data is data obtained indirectly from the object of research. Therefore, in this study the data capture technique using the documentation techniques. The procedure of sample selection is purposive sampling and analysis model used is the Multiple regression to test the hypothesis that the t test and F test and also performed classical assumption. The results showed that the Earning Per Share, Return on Equity, Book Value positive and significant effect on stock prices and capitalization rates and a significant negative effect on stock prices. Based on the test results indicate that simultaneous Earning Per Share, Return on Equity, Book Value, Growth companies and capitalization rates affect stock prices. Variations independent variable Earning Per Share, Return on Equity, Book Value, Growth companies and capitalization rate is able to explain the variation in stock prices by 95.64%.

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