Pengaruh ROA, Pertumbuhan Penjualan, Likuiditas dan Ukuran Perusahaan terhadap Struktur Modal Perusahaan Manufaktur Sektor Makanan dan Minuman di BEI

Food and beverage companies are industries that compete in the world market and make major contribution to the value of national exports. Companies that have good capital structure have a good reputation and affect the high stock price. This research aimed to find out the effect of ROA, sales growth, liquidity, company size variable to capital structure variable in annual report listed on the Indonesia Stock Exchange year 2017–2019. The population are all food and beverage manufacturing companies listed on the Indonesia Stock Exchange, and obtained samples of amount 14 companies. The type of this research is a quantitative study. The data analysis used several analyzes, namely multiple linear analysis, the coefficient of determination test, the classical assumption test, R2 test, the F test, and the t test. Based on the results of this research, that partially profitability has significant positive effect on capital structure. Sales growth has no significant negative effect on capital structure. Liquidity has no significant negative effect on capital structure. Company size variable has significant positive effect on capital structure. The results of F test show that profitability, sales growth, liquidity, company size have significant positive effect on capital structure.

New Criterion for Shutter Designing by Dry Pluviation Method

Dry pluviation is a technique applied for preparation of sandy soil samples for physical modeling. In this method, soil particles rainfall in the mold after passing through the mesh with certain opening sizes. In this study, a dry pluviation device was designed and manufactured to examine the effect of shutter properties including the hight of fall (HF), deposition intensity (DI), and gradation on relative density (RD). The results indicate that HF and DI have a direct and indirect relation with RD, respectively, but RD is constant for HF ≥ 1200 mm. In order to investigate the impact of shutter properties on DI and RD, α ratio (total area of the shutter holes to the area of the deposition surface) was defined and a linear relationship is proposed between DI and α. The results revealed an indirect relation between RD and α, but for α ≥ 0.130 RD is constant. In order to assess the simultaneous effect of grain size and shutter properties on RD, an independent grain size variable (i.e., α/D50) was defined and a linear relationship was established between α/D50 and RD. The results showed that the variable α/D50 can be considered as a useful criterion for designing a shutter to reconstitute sandy soils with different gradations.

IMPLIKASI TEORI AKUNTANSI POSITIF DAN TEORI KEAGENAN DALAM PRAKTIK MANAJEMEN LABA

The purpose of this study is to test positive accounting theory by analyzing the effect of audit committees, independent commissioners on earnings management through debt hyphothesis testing, bonus motivation on earnings management, by adding the firm size variable as a control variable on earnings management in banking companies listed on the Indonesia Stock Exchange 2015-2020. The results of the study confirm that the independent commissioners partially have a significant influence on earnings management. The audit committee has a significant effect on earnings management and bonus motivation has no effect on earnings management and debt motivation has no effect on earnings management. While the firm size variable has no effect on earnings management. Simultaneously independent commissioners, audit committee, bonus motivation, and firm size have a significant effect on earnings management. This findings indicates that the motivation developed in positive accounting theory in earnings management.

Struktur Corporate Governance dan Ukuran Perusahaaan Mempengaruhi Kinerja Perusahaan pada Jakarta Islamic Indeks

The purpose of this study is to examine the effect of institutional ownership, board of directors, and audit committee, which are proxies of corporate governance structure, and firm size on firm performance. Company performance is measured using profitability. The sample of this study, companies listed in the Jakarta Islamic Index (JII) from 2017 to 2018. The ROA data in this study ignores the positive and negative ROA values. Hypothesis testing using regression analysis found empirical evidence that institutional ownership and board of directors variables do not affect ROA. While the audit committee variable has a positive effect on ROA, the firm size variable negatively impacts ROA. Keywords : Institutional Ownership; Board Of Directors; Audit Committee; Company Size; ProfitabilityCorrespondence to : [email protected] Tujuan penelitian ini menguji pengaruh kepemilikan institusional, dewan direksi, dan komite audit yang merupakan proksi struktur corporate governance, dan ukuran perusahaan terhadap kinerja perusahaan. Kinerja perusahaan diukur menggunakan profitabilitas. Sampel penelitian ini, perusahaan yang terdaftar dalam Jakarta Islamic Indeks (JII) selama periode 2017 sampai 2018. Data ROA dalam penelitian ini mengabaikan nilai ROA positif dan negatif. Pengujian hipotesis menggunakan analisis regresi ditemukan bukti empiris bahwa variabel kepemilikan institusional dan dewan direksi tidak berpengaruh terhadap ROA. Sedangkan variabel komite audit berpengaruh positif terhadap ROA, dan variabel ukuran perusahaan berpengaruh negatif terhadap ROA.Kata kunci : Kepemilikan Institusional; Dewan Direksi; Komite Audit; Ukuran Perusahaan; Profitabilitas

ANALYSIS OF FACTORS AFFECTING COMPANY USING DERIVATIVES

<p>This study aims to determine the factors that influence companies in using derivatives. In this study, the factors studied were the cost of debt, foreign sales, risk management, and corporate governance on the company's decision to use derivatives. The analytical method used in this research is logistic regression analysis using the Statistical Product and Services Solutions software. A total of 60 samples were used in this study, which were 20 companies included in the Corporate Governance Perception Index survey from 2016 to 2018. The Corporate Governance Perception Index survey is a survey conducted by the Indonesian Institute for Corporate Governance. The results of this study indicate that the cost of debt variable has a significant effect on the decision to use derivatives by the company. The corporate governance variable also has a significant effect on the decision to use derivatives by the company. The foreign sales variable in this study does not have a significant effect on the decision to use derivatives by companies. The risk management variable does not have a significant effect on the decision to use derivatives by the company. In this study, there are also control variables, namely firm size and return on assets. In this study, the firm size variable does not have a significant effect on the decision to use derivatives by the company. Meanwhile, the return on assets variable has a significant effect on the decision to use derivatives by the company.</p>

FACTORS AFFECTING AUDIT DELAY IN BANKING COMPANIES IN INDONESIA

This study aims to determine the factors that cause audit delay in banking companies listed on the Indonesia Stock Exchange. The variable that distinguishes this research from the others is the audit committee variable as a new indicator. Overall, there are 5 assessment indicators in this study consisting of firm size variable, company profit/loss variable, auditor opinion variable, audit committee variable, and KAP size variable. The population consists of banking companies in Indonesia that are listed on the Indonesia Stock Exchange with a sample of 30 companies with a sampling technique of purposive sampling. The analysis used in this study is multiple linear regression analysis, which is in the form of panel data. This study indicates that the variables of KAP size and company profit/loss have a significant effect on audit delay. While the variables of the audit committee, auditor's opinion, and firm size have no significant effect on audit delay.

AN INSIGHT INTO POTENTIAL FISCAL IMPLICATIONS OF THE GREAT LOCKDOWN FROM THE PERSPECTIVE OF SMALL STATES

The Great Lockdown has caused severe economic distractions to the majority of world countries, and de-globalization trends have started to increase. Globalization was to an extent beneficial for smaller economies, and it was one of the factors contributing to the rise in the number of countries around the world during the last few decades. According to the perceived larger openness and vulnerability of smaller states, it is thus expected that those countries are hit much harder by the economic contraction, as their outputs are much more volatile in relation to the economic cycles. In this context, the paper intends to investigate the exposure of European states to the current lockdown, where the focus is particularly on assessing the fiscal impacts of the lockdown. The main research question is whether there are any differences regarding the fiscal functions of government between smaller and larger states. This is addressed through the cross-national comparative investigation based on data for 44 European countries; and we specifically assess how fiscal activities of government differentiate among smaller and larger states. The results of the study suggest that the effect of the size of the state does not affect the consumption spending of government, but the size variable matters for the transfer expenditures. This piece of research would like to add to the development of the discipline of small state studies, in particular to the issue of their vulnerability and changing global economic environment.

Pengaruh Profitabilitas, Leverage, Opini Auditor, Firm Size, Umur Perusahaan Terhadap Audit Delay Pada Perusahaan LQ-45 Yang Terdaftar Di BEI Periode 2016-2018

Abstract— The purpose of this study is to seek the profitability, leverage, auditor's opinion, firm size, company age on audit delay. Purposive sampling technique was used in sampling. The annual reports of LQ-45 Index enterprises registered on the IDX during 2016 to 2018 are used as secondary data sources. Data analysis was performed by multiple linear regression. Hypothesis testing results show that the profitability variable does not affect audit postponement, leverage variable has a positive effect on audit delay, auditor opinion variable influences audit delay, firm size variable does not affect audit deferment, while age of corporation variable has’t not react on audit delay. Keywords—: Profitability; Leverage; Auditor Opinion; Firm Size; Company Age .

Penerapan Model Geographically Dan Temporally Weighted Regression Pada Kecelakaan Lalu Lintas

Geographically and temporally weighted regression (GTWR) is a model that is used to deal with instability in data both spatially and temporally and to produce local parameters. In this paper, The GTWR model is used to analyze the factors that are thought to significantly influence the number of traffic accidents in Mempawah Regency. The data used in this study came from 8 districts with the variables used were the number of traffic accidents, the number of population (gender ratio, length of damaged road conditions, and percentage of adolescence. The parameter estimation of the GTWR model was obtained using the weighted least square (WLS) method. The optimal bandwidth selection uses the Cross-Validation (CV) method and the weighting used is the Fixed bisquare function. The results of the analysis show that using the GTWR model, it was found that only the population size variable significantly affected the number of traffic accidents in all locations in Mempawah Regency from 2015 to 2018. The GTWR model was known to be better than the multiple regression model because it produced smaller AIC and RSS values and a larger R-square value.