E-Jurnal Akuntansi TSM

THE EFFECT OF CORPORATE GOVERNANCE AND FIRM SIZE ON EARNINGS MANAGEMENT

Deni Wijaya, Santoso Chandra — Thu, 23 Jan 2025 00:00:00 +0700

The purpose of this research is to provide empirical evidence for every investor who wants to invest in a company listed on the Indonesian stock exchange. This study also uses calculations in the form of leverage and company size so that investors can find out which companies are experiencing losses and profits.This research data consists of financial ratios from the financial statements of manufacturing companies that are listed in Indonesia for 3 years 2018 to 2020. This study discusses 7 independent variables and also uses multiple regression models.The results showed that firm size, company losses, board of director, leverage and audit committee tenure had an effect on earnings management while the independent commissioner and managerial ownership have no effect on earning management.

NILAI PERUSAHAAN DI INDONESIA: PENGARUH KEPEMILIKAN INSTITUSIONAL, UKURAN PERUSAHAAN, DAN RASIO KEUANGAN

Clorine Vick, Fung Jin Tjhai — Tue, 31 Dec 2024 00:00:00 +0700

This research aims to obtain empirical evidence on the effects of various independent variables on firm value, which is measured by price to book value (PBV). The object of this research includes all manufacturing companies listed on the Indonesia Stock Exchange (IDX) for a three years period from 2021 to 2023. Purposive sampling was employed as the sampling method, and multiple regression analysis was used for data analysis. There were 42 companies and 126 data that met the research criteria. The results indicate that liquidity, profitability, institutional ownership, and leverage have positive effects on firm value. This also show that high liquidity contributes to financial stability and flexibility. Profitability shows asset management efficiency. Institutional ownership improves governance. High leverage signals the company’s confidence in future prospects. Meanwhile, company size, activity ratio, dividend policy, and sales growth have no effects on firm value.

PENGARUH KINERJA KEUANGAN DAN FAKTOR LAINNYA TERHADAP NILAI PERUSAHAAN DI INDONESIA

Adelia Ryanti Gunawan, Widyawati Lekok — Tue, 31 Dec 2024 00:00:00 +0700

The purpose of this research is to obtain empirical evidence about the effect of profitability, firm size, dividend policy, leverage, liquidity, sales growth, managerial ownership, and institutional ownership on firm value. The research objects used in this research are all manufacturing companies listed on the Indonesia Stock Exchange (IDX) for a period of 3 years, from 2021 to 2023 with 43 listed manufacturing companies used as samples in this research. The sample selection used the purposive sampling method with research data with a total of 129 data and analysis using multiple regression. The data used in this study is secondary data, consisting of financial report data and annual reports, taken from the official website of the Indonesia Stock Exchange (IDX) and the official websites of sample companies. The data analysis tool used in this research is SPSS version 25. The results of this research showed that individually, profitability, leverage, liquidity, managerial ownership, and institutional ownership have effect on firm value. Other independent variables, such as firm size, dividend policy, and sales growth have no effect on firm value.

PENGARUH RASIO KEUANGAN PERUSAHAAN TERHADAP AGRESIVITAS PAJAK PADA PERUSAHAAN CYCLICALS DAN CONSUMER NON CYCLICALS

Vinka Ruth Edelweis, Annisa Kanti — Tue, 31 Dec 2024 00:00:00 +0700

Every company aims to maximize its profits, which benefits expanding business lines, operational efficiency, and enhancing shareholder welfare. One significant factor influencing a reduction in corporate profits is taxation. Consequently, many companies engage in tax avoidance by minimizing the amount of tax payable to the tax authorities. This practice is known as tax aggressiveness. Tax aggressiveness refers to a company's legally permissible actions to minimize its tax obligations through tax management planning. The objective of this research is to analyze empirical evidence regarding Liquidity, Capital Intensity, Sales Growth, Profitability, Inventory Intensity, and Debt to Assets Ratio on Tax Aggressiveness. The study focuses on companies in the cyclical and consumer non-cyclical sectors from the period 2020 to 2022, spanning three consecutive years. Raw data collected was processed using purposive sampling, comprising 67 companies that met the criteria. The data was analyzed using multiple regression models. Results indicate that Liquidity, Inventory Intensity, Debt to Assets Ratio, and Capital Intensity do not influence Tax Aggressiveness, whereas Profitability and Sales Growth do affect Tax Aggressiveness.

FACTORS THAT AFFECTING FIRM VALUE

Aurelia Aurelia, Sugiarto Prajitno — Tue, 31 Dec 2024 00:00:00 +0700

The research objectives is to obtain empirical evidence about factors that affect firm value, current ratio, return on asset, debt to asset ratio, investment decision, dividend policy, firm size, and corporate social responsibility on firm value. The population that is used in this research are all companies from the consumer cyclicals and consumer non-cyclicals industry listed in the Indonesia Stock Exchange from 2020 to 2022 and apply purposive sampling as the sampling method. With this method, it is obtained that thirty seven (37) companies from the consumer cyclicals and consumer non-cyclicals industry. This research uses multiple regression method to analyze the data.The results obtained from multiple regression show that the independent variables, namely return on asset and debt to asset ratio has an influence on firm value. Meanwhile, other independent variables, namely current ratio, investment decision, dividend policy, firm size, and corporate social ressponsibility have no influence on firm value

KEBIJAKAN DIVIDEN, REPUTASI AUDITOR DAN FAKTOR FAKTOR PENENTU NILAI PERUSAHAAN

Sella Trinita, Indra Arifin Djashan — Tue, 31 Dec 2024 00:00:00 +0700

This study aims to obtain empirical evidence regarding the influence of dividend policy, public accounting firm reputation, and other factors on firm value. In this study, there are seven independent variables, namely dividend policy, profitability, capital structure, liquidity, firm size, firm age, and public accounting firm reputation. The sample consists of 105 data points from 35 companies in the consumer cyclicals and consumer non-cyclicals sectors listed on the Indonesia Stock Exchange (IDX) for the 2020–2022 period. The sample selection was conducted using the purposive sampling method, while data analysis was performed using multiple regression analysis. The results indicate that dividend policy, profitability, and capital structure have an impact on firm value.

PENGARUH PROFITABILITY, LIQUIDITY, DAN FAKTOR LAINNYA TERHADAP AGRESIVITAS PAJAK

Darius Benaya Kabzeel, Novia Wijaya — Tue, 31 Dec 2024 00:00:00 +0700

The objective of this research is to obtain empirical evidence regarding the influence of profitability, liquidity, inventory intensity, related party debt, company size, leverage, and capital intensity on tax aggressiveness. This research utilizes a sample of all consumer non-cyclicals and consumer cyclicals companies listed on the Indonesia Stock Exchange during the period 2020-2022, with 66 consumer non-cyclicals and consumer cyclicals companies selected as the sample for this research. The sample selection employs the purposive sampling method with a total of 198 years of data, and the analysis is conducted using multiple linear regression. The results of this research showed that the profitability and company size variables have an influence on tax aggressiveness. The profitability (ROA) coefficient has a negative sign so it can be interpreted that profitability has a negative effect on the Effective Tax Rate (ETR). The results of this research show that the higher the Return on Assets (ROA) value produced by a company, the lower the company's ETR. The lower the ETR indicates the company is more aggressive, which means the higher the level of profitability, the higher the company's tax aggressiveness. Meanwhile, the liquidity, inventory intensity, related party debt, leverage, and capital intensity variables do not have an influence on tax aggressiveness.

FACTORS THAT DRIVE PRACTICE OF INCOME SMOOTHING

Timothy Carolus Alviandy, Irwanto Handojo — Tue, 31 Dec 2024 00:00:00 +0700

Practice of income smoothing is one of four earnings management patterns. Income smoothing itself could be defined as a method used by management to reduce profit fluctuations that are deemed abnormal through various accounting methods or through transactions. This research is done to acquire empirical evidence about the effect of company size, financial leverage, profitability, public ownership, tax avoidance and cash holding towards the practice of income smoothing. The method used in sample selection is purposive sampling method. This research uses companies from consumer cyclical and consumer non-cyclical sector that is listed on the Indonesia Stock Exchange (IDX) from the year 2020 to 2022. The number of companies that fit criteria and can be used as research samples is 49 companies with 147 data samples. The result of the research shows that variables company size, profitability, public ownership, tax avoidance, and cash holding does not have any effect on income smoothing and the variable financial leverage has an effect on income smoothing.

PENGARUH GOOD CORPORATE GOVERNANCE, MODAL INTELEKTUAL, DAN RASIO TERHADAP FINANCIAL DISTRESS

Yosephine Stevani, Ita Trisnawati, Dicky Supriatna — Tue, 31 Dec 2024 00:00:00 +0700

This research aims to obtain empirical evidence related to the components of good corporate governance, intellectual capital, and ratios that influence financial distress. This research uses a total of nine independent variables, namely institutional ownership, managerial ownership, independent commissioner, audit committee, sales growth, intellectual capital, operating capacity, working capital, and cash flow to sales. This research uses a sample of 231 data from 77 consumers non-cyclical and consumer cyclical companies that have been listed on the Indonesia Stock Exchange (BEI) during the period 2020 to 2022. This research uses a purposive sampling method in selecting samples and uses multiple regression analysis in data analysis. This research processes data with SPSS 25. The results of this research explain that the audit committee and operating capacity affect financial distress. The audit committee is tasked with protecting the interests of shareholders, in providing advice and recommendations in the company's financial and operational context, while operational capacity is used to measure its ability to manage assets in its operations. The more audit committees and the greater the operating capacity, the greater the potential for financial distress. Meanwhile, institutional ownership, managerial ownership, audit committee, sales growth, intellectual capital, working capital, and cash flow to sales do not affect financial distress.

PENGARUH OPERATING CASH FLOW, OPERATING CAPACITY, DAN RASIO KEUANGAN TERHADAP FINANCIAL DISTRESS

Jelita Driani, Mungniyati — Fri, 07 Mar 2025 00:00:00 +0700

This study aims to analyze the factors influencing the occurrence of financial distress in companies. The factors analyzed in this study include operating cash flow, sales growth, operating capacity, profitability, liquidity, leverage, firm size, and managerial ownership. The study employs secondary data from manufacturing companies that have maintained a consistent listing on the Indonesia Stock Exchange (IDX) from 2020 to 2023, concentrating on the years 2021 to 2023. The study employs multiple linear regression analysis and is processed using the Statistical Package for the Social Sciences (SPSS) software.The results of this study indicate that the factors affecting financial distress are operating cash flow, operating capacity, profitability, and liquidity. In contrast, sales growth, leverage, firm size, and managerial ownership do not have a significant impact on financial distress.