JAK (Jurnal Akuntansi) Kajian Ilmiah Akuntansi

Does Financial Distress Have An Impact On Stock Price?

Santi Octaviani — 2024-01-03

Abstract

This study aims to determine the effect of Financial Distress using the Altman Z-Score forming variables; WCTA, RETA, EBITTA, MVEBVL and STA on Stock Price and to determine the effect of WCTA, RETA, EBITTA, MVEBVL, STA on Stock Price. This research was conducted using quantitative methods. The population of this study amounted to 17 companies in the Metal Sub-Sector Manufacturing Company listed on the Indonesia Stock Exchange for the 2016-2020 period and a sample of 11 companies was taken using purposive sampling method. The data analysis method uses Altman Z-Score and multiple linear regression analysis and is processed with SPSS version 25. Based on the results of the analysis, it can be concluded that the variables RETA, EBITTA, STA have no effect on Stock Price and the variables WCTA, and MVEBVL affect Stock Price. And together the Altman Z-Score variables affect the Stock Price.

Keywords: Altman Z-Score, WCTA, RETA, EBITTA, MVEBVL, STA and Stock Price.

Fraud Pengadaan Barang dan Jasa Pemerintah Dengan Penerapan E-Procurement Sebagai Variabel Moderasi

Suci Melati — 2024-01-03

This study aims to analyze and obtain empirical evidence about the behavior of government procurement of goods and services fraud with intentions, attitudes, subjective norms, and behavioral control as predictor variables and e-procurement implementation as moderating variables. Respondents who became the object of this study were employees who were involved in the procurement of goods and services in a government agency. This research is a cross-sectional study by distributing data using a questionnaire. Questionnaires were returned and processed by as many as 478 respondents. Data analysis using the Structural Equation Model-Partial Least Squares (SEM-PLS. The results showed that statistically intention has a positive effect on procurement fraud, subjective norms, and perceived behavioral control have a positive effect on intention. Meanwhile, attitude does not positively affect intentions, and implementation of e-procurement does not weaken the relationship between intention and procurement fraud

Does Institutional Ownership Moderating Tax Avoidance? An Empirical Analysis In Indonesian List Company

Nela Dharmayanti — 2024-01-03

This study aims to determine the effect of Thin Capitalization, Transfer Prices, and Profitability on Tax Avoidance and the role of institutional ownership in moderating it. The population used in this study is LQ45 companies listed on the IDX, using a purposive sampling technique. The number of samples is 11 companies with financial statement data collection for the 2016-2020 period. This study uses a quantitative method, with SPSS version 23.0, to test the analysis. The results show that Thin Capitalization has a positive and significant effect on Tax Avoidance, with the value of t count > t table (2.246>2.00665). Transfer prices have a positive and significant effect on Tax Avoidance with a value of t count > t table (3.121>2.00665). Profitability partially has a positive and significant effect on Tax Avoidance with a value of t count > t table (6.211>2.00665). Thin Capitalization, Transfer Prices, and Profitability simultaneously positively and significantly affect Tax Avoidance with the calculated F value> F table (74.719>2.55). However, Institutional Ownership does not moderate the relationship between Thin Capitalization, Transfer Prices, and Profitability on Tax Avoidance

Penerapan Teori Gandhi Pada Etika dan Locus Of Control Auditor Internal

Almira Janitra — 2024-01-04

Abstrak

Penelitian ini bertujuan untuk mengindentifikasi makna Teori Gandhi pada penerapan Kode Etik Auditor Internal dan memperluas tujuan locus of control dalam kesuksesan menciptakan fungsi audit internal yang baik. Teori Ghandi dapat meningkatkan kualitas hasil audit dengan menerapkan konsep kesejahteraan bersama untuk menyajikan hasil audit yang memiliki kesamaan informasi. Teori Gandhi sebagai basis penyesuaian kode etik auditor internal. Penelitian ini menggunakan metode literature review yang membahas kode etik auditor internal dan teori-teori yang melibatkan auditor internal dalam mendeteksi kecurangan pada saat melakukan prosedur audit. Penelitian ini menemukan adanya kesenjangan informasi yang diberikan auditor internal kepada manajemen dan KAP selaku auditor eksternal perusahaan dan dapat dikatakan sebagai penyimpangan dalam Teori Gandhi berupa kesejahteraan bagi semua. Manajemen memiliki tugas untuk meningkatkan kualitas lingkungan auditor internal dengan mendorong auditor internal memberikan informasi yang sama kepada KAP. Selain itu kepuasan kinerja auditor internal dipengaruhi oleh locus of control internal dan merupakan tanggung jawab manajemen untuk memberikan lingkungan yang sehat untuk auditor internal.

Kata Kunci: Teori Gandhi; Locus of Control; Internal Audit; Etika.

Abstract

This study aims to identify the meaning of Gandhi's Theory on the application of the Internal Auditor's Code of Ethics and expand the locus of control objectives in the success of creating a good internal audit function. Ghandi's theory can improve the quality of audit results by applying the concept of shared welfare to present audit results that have the same information. Gandhi's theory as a basis for adjusting the internal auditor's code of ethics. This study uses the literature review method which discusses the code of ethics of internal auditors and theories involving internal auditors in detecting fraud when performing audit procedures. This study found that there was a gap in the information provided by the internal auditors to management and KAP as the company's external auditors and could be said to be a deviation from Gandhi's theory of welfare for all. Management has a duty to improve the quality of the internal auditor environment by encouraging internal auditors to provide the same information to KAP. In addition, internal auditors' performance satisfaction is influenced by internal locus of control and it is management's responsibility to provide a healthy environment for internal auditors.

Keyword: Gandhi Theory; Locus of Control; Internal Audit; Ethics.

Reaksi Investor Pada Peristiwa Pengumuman Kabinet Indonesia Maju

Sudarmo Sudarmo — 2024-01-04

This study aimed to explain investors’ reaction in the Indonesian capital market to the Announcement of the Jokowi and Ma’ruf Amin’s Cabinet of Indonesia Maju. This study investigated companies listed on the LQ 45 Index of the Indonesia Stock Exchange in 2019 as its population. Moreover, the purposive sampling method was to determine the sample that included 38 companies. This study collected data using documentation techniques within fifteen days. The periods were seven days before the Indonesia Maju Cabinet’s Announcement and seven days after the Announcement, from 14 October 2019 to 01 November 2019. The testing approach was an event study approach. The analysis technique was to test the signifi-cance level of the average abnormal return, and moderate trading volume activity is the paired sample t-test. The results indicated no difference in average abnormal return before and after the Indonesia Maju Cabinet’s Announcement. There was no difference in moderate trading volume activity before and after the Indonesia Maju Cabinet’s Announcement. In other words, there was a less positive reaction from investors around the Indonesia Maju Cabinet’s information

Efficiency, Credit Risk and Financial Stability In National Banking Sector In Indonesia

Aliffianti Safiria Ayu Ditta — 2024-01-04

Financial system stability in the banking system is crucial to be maintained so that there is no economic crisis that affects the stability of the country as a whole. The central role of banks as financial intermediaries makes banks have inherent risks, one of which is credit risk. Strict banking regulation aims to mitigate risks that can interfere with the main activities of banks both funding and lending activities. The relatively good level of national banking efficiency, greatly helps the banking sector to maintain financial system stability a midst of the high credit risks faced. The level of banking efficiency is a measure of how banks manage their resources so as to maintain their financial stability despite the fluctuating economic conditions.

Dividend Yield And Dividend Trap Of IDXHIDIV20

Nike Ardiansyah — 2024-01-04

The main objective of this study is to determine the effect of DPR, DY, EPS, and stock volume on stock returns. In addition, this study also aims to prove whether the four independent variables that have been determined will cause a dividend trap in companies that routinely pay dividends over a period of three periods. The sample collection technique for this study used purposive sampling, the sample used was a stock index listed on the IDX (Indonesian Stock Exchange), namely IDXHIDIV20 (High Dividend Index 20). The research technique used is multiple linear regression using Robust Standard Error to avoid problems with the Heteroscedasticity Test. The results of this study are that the dividend yield variable has a significant negative effect on stock returns at IDXHIDIV20 so that the higher the dividend yield value, the higher the possibility of a dividend trap occurring. The dependent variable used uses two models, namely stock returns on the day of dividend distribution and stock returns on the day after dividend distribution. Both models are used to prove the dividend trap phenomenon.

Determinants Of Earning Persistence In Consumer Cyclicals Sector In Indonesia

Hendro Lukman — 2024-01-08

Companies need income persistence in maintaining performance in the capital market. Income persistence will be a consideration for investors in making investment decisions. This study analyzes the factors of total accruals, real earnings management, cash flow volatility, and leverage that can affect income persistence in consumer cyclicals companies listed on the Indonesia Stock Exchange in 2017-2020. Sampling method with purposive sampling method. There were 42 samples that met the criteria. The analysis used multiple regression analysis which was processed using SPSS 22. The research showed that total accruals, cash flow volatility, and leverage had no effect on earnings persistence, but real earnings management showed an effect on income persistence. However, real earnings management showed effect on earnings persistence. The implication of this research is that every company must pay attention to these four factors in the current year so that it shows good and resilient corporate finance which can provide a positive signal for investors so that it increases the company's share price in the capital market.

The Locus of Control Moderates The Relationship between Leadership Style, Quality of Human Resources, and Commitment to Managerial Performance Budgeting (Study of The Regional Goverments in Sidoarjo Regency)

Cut Ami Rahmah — 2024-01-08

Sidoarjo Regency, as the second largest APBD recipient in East Java, still has SiLPA realization was effective less and efficient less due to the budget not being fully absorbed. The purpose of this study was to determine the effect of leadership style, HR quality, and commitment with locus of control moderation on managerial performance in budgeting. This study used a quantitative approach which was analyzed using the SmartPLS statistical program (v.3.2.9). The data collection technique was in the form of a closed questionnaire via Google Forms to the research subjects of structural officials of the Sidoarjo Regency regional apparatus using a Likert scale with a purposive sampling method. The population of this study were 48 Regional Officials in Sidoarjo Regency, with a total of 192, total sample was 64 respondents. Data quality test is carried out through validity testing, reliability testing, hypothesis testing through bootstrapping. The results showed that leadership style and commitment had a effect on managerial performance in budgeting, while the quality of human resources had a uneffect on managerial performance in budgeting. Then locus of control can moderate and strengthen the relationship between HR quality and commitment to managerial performance in budgeting, while locus of control is unable to moderate or strengthen the relationship between leadership style and managerial performance in budgeting. The results of this study are expected to be able to increase the efficiency and effectiveness of budgeting in the Regional Government of Sidoarjo Regency.

Pengaruh Perubahan Tarif PPN terhadap Real Estate Purchase Intention dengan Lifestyle sebagai Variabel Moderasi

Valerie Kristiono — 2024-01-08

The enactment of Undang-Undang Nomor 7 Tahun 2021 Tentang Harmonisasi Peraturan Perpajakan caused the 10% VAT rate to change to 11%. The increase in VAT rates is intended to restore economic conditions but at the same time exacerbate the amount of VAT that must be borne by buyers when investing in real estate. This study aims to obtain evidence about the effect of changes in VAT rates on purchase intentions of real estate consumers with lifestyle as a moderating variable. Primary data was obtained from a questionnaire with 205 respondents aged 18 years and over. The data collected will be analyzed through linear regression analysis and moderation regression analysis. The results of the study show that changes in VAT rates have a positive effect on purchase intention. VAT can indeed burden buyers because it in-creases the price that must be paid but at the same time it can also increase purchase intention if the change in VAT rates reflects a social contract between consumers and the government. In addition, lifestyle has not been proven to moderate the effect of changes in VAT rates on purchase intention, but rather has a direct effect on pur-chase intention. Based on additional analysis, it was found that life-style acts as a pseudo moderator for respondents with an accounting background but acts as a mod-erating predictor for respondents who do not have an accounting background. This proves the occurrence of mental accounting.

AKHLAK Core Values Effects in the Levers of Control Framework on the Accounting Fraud Tendency

Aldila Yanri — 2024-01-08

This research investigates the relationship between AKHLAK core values in the framework of levers of control and accounting fraud within PT Pelabuhan Indonesia (Persero) or Pelindo. The research design was conducted using primary data in the form of a 5-point Likert scale questionnaire, with purposive sampling technique. The data collected came from 69 respondents from a total of 80 samples. Data quality and classical assumption tests were conducted before the data were further analyzed using multiple linear regression analysis. The results showed that AKHLAK core values have a negative and significant effect on the tendency of accounting fraud. In addition, the levers of control framework proved to be able to moderate the negative effect of AKHLAK core values on the tendency of accounting fraud.

The Impact Of Students' Perceptions Of Green Accounting On Sustainable Career Decisions

Andi Risdayanti — 2024-01-08

The purpose of this study was to determine student perceptions and green accounting influencing sustainable career decisions. This type of research uses quantitative, with the data used is primary data sourced from distributing questionnaires directly to respondents using Likert scale measurements. The population used by class A students of the Faculty of Economics and Business, University of Muhammadiyah Paalopo. Data collection in this study used purposive sampling techniques to select samples and produced 133 samples. The data analysis method used in this study is using the help of IBM SPSS 25 software with various tests. The results showed that student perceptions did not have a significant effect on sustainable career decisions, while green accounting had a significant effect on sustainable career decisions.

Disparitas Penilaian Kinerja Keuangan Melalui ROI DAN EVA

Nur Wahyuning Sulistyowati — 2024-01-29

Knowing the differences in the financial performance of PT Kino Indonesia Tbk for the 2017-2021 period, using the return on investment (ROI) and economic value added (EVA) methods as the purpose of this research. This type of comparative descriptive research with secondary data sources of the financial reports of PT Kino Indonesia Tbk from 2017-2021. Research has resulted that PT Kino's financial performance when assessed using the ROI method shows the best in 2019, as evidenced by the increase in the 2019 ROI value of 6.9% from the previous year. The company's ROI still shows a positive value, so that the company is considered capable of providing results to investors. Based on the results of EVA calculations, the company PT Kino Indonesia Tbk, is unable to provide added value to funders as evidenced from 2017-2021, with EVA values showing negative values or EVA below zero values.