The phenomenon of many entrepreneurs in politics and the involvements of politicians in business of politicians during the Jokowi administration became an interesting discussion to explore research on political connections in Indonesia. The study aims to empirically the effect of political connections on audit fees and whether Corporate Governance as proxied by the Independent Board of Commissioners can moderate the relationship between political connections and audit fees. This study used a sample of companies other than the financial sector listed on the Indonesia Stock Exchange in 2017-2019 and totaling 324 company-years. The data analysis technique used is Moderated Analysis Regression (MRA). The results reveal that companies that have political connections had a possitive and significant effect on audit fees. The results also reveal that the Independent Board of Commissioners has not effect on audit fees and does not moderate the influence of political connections on audit fees.Fenomena mengenai banyaknya pengusaha yang masuk dalam dunia politik dan keterlibatan politisi dalam bisnis pada era Jokowi menjadi pembahasan yang menarik untuk mengeksploarasi penelitian tentang koneksi politik di Indonesia. Tujuan penelitian ini adalah untuk menganalisis pengaruh koneksi politik terhadap biaya audit dan apakah Corporate Governance yang diproksikan dengan Dewan Komisaris Independen dapat memoderasi hubungan antara koneksi politik dan biaya audit. Penelitian ini menggunakan sampel perusahaan selain sektor keuangan yang terdaftar di Bursa Efek Indonesia tahun 2017-2019 dan berjumlah 324 tahun-perusahaan. Teknik analisis data yang digunakan adalah Moderated Analysis Regretion (MRA). Hasil penelitian mengungkapkan bahwa perusahaan yang memiliki koneksi politik berpengaruh positif terhadap biaya audit. Hasil juga mengungkapakan bahwa Dewan Komisaris Independen tidak berpengaruh terhadap biaya audit dan tidak memoderasi pengaruh koneksi poltik terhadap biaya audit. DOI: https://doi.org/10.26905/afr.v4i1.6034
在佐科威执政期间，许多企业家参与政治的现象和政治家参与政治家的商业成为探索印度尼西亚政治关系研究的有趣讨论。本研究旨在实证研究政治关系对审计费用的影响，以及独立委员会代理的公司治理是否能够调节政治关系与审计费用之间的关系。本研究使用了2017-2019年在印度尼西亚证券交易所上市的金融行业以外的公司样本，共计324个公司年。使用的数据分析技术是调节分析回归(MRA)。结果表明，具有政治关系的公司对审计费用有显著的正向影响。结果还表明，独立委员会对审计费用没有影响，也没有缓和政治关系对审计费用的影响。印尼总统佐科威(Jokowi):印尼总统佐科威(Jokowi):印尼总统佐科威(Jokowi):印尼总理佐科威(Jokowi):印尼总理佐科威(Jokowi):印尼总理佐科威(Jokowi):印尼总理佐科威(Jokowi):印尼总理佐科威(Jokowi):印尼总理佐科威(Jokowi):印尼总理佐科威(Jokowi):印尼总理佐科威(Jokowi):在公司治理方面，我们有一个独立的委员会，我们有一个独立的委员会，我们有一个独立的委员会，我们有一个独立的委员会，我们有一个独立的委员会。Penelitian ini menggunakan样本perushaan selain部门keuangan yang Bursa Efek印度尼西亚数据统计2017-2019 dan berjumlah 324 tahun- perushaan。技术分析数据yang digunakan adalah调节分析回归(MRA)。Hasil penelitian mengungkapkan bahwa perusahaan yang memiliki koneksi politik berpengaru积极地进行审计。Hasil juga mengungkapakan bawa Dewan Komisaris独立审计委员会成员审计委员会成员审计委员会成员审计委员会成员审计委员会成员审计委员会。DOI: https://doi.org/10.26905/afr.v4i1.6034
{"title":"Koneksi Politik, Corporate Governance, dan Biaya Audit di Indonesia","authors":"Flafiana Sarihartati Agun, Grahita Chandrarin, Parawiyati Parawiyati","doi":"10.26905/AFR.V4I1.6034","DOIUrl":"https://doi.org/10.26905/AFR.V4I1.6034","url":null,"abstract":"The phenomenon of many entrepreneurs in politics and the involvements of politicians in business of politicians during the Jokowi administration became an interesting discussion to explore research on political connections in Indonesia. The study aims to empirically the effect of political connections on audit fees and whether Corporate Governance as proxied by the Independent Board of Commissioners can moderate the relationship between political connections and audit fees. This study used a sample of companies other than the financial sector listed on the Indonesia Stock Exchange in 2017-2019 and totaling 324 company-years. The data analysis technique used is Moderated Analysis Regression (MRA). The results reveal that companies that have political connections had a possitive and significant effect on audit fees. The results also reveal that the Independent Board of Commissioners has not effect on audit fees and does not moderate the influence of political connections on audit fees.Fenomena mengenai banyaknya pengusaha yang masuk dalam dunia politik dan keterlibatan politisi dalam bisnis pada era Jokowi menjadi pembahasan yang menarik untuk mengeksploarasi penelitian tentang koneksi politik di Indonesia. Tujuan penelitian ini adalah untuk menganalisis pengaruh koneksi politik terhadap biaya audit dan apakah Corporate Governance yang diproksikan dengan Dewan Komisaris Independen dapat memoderasi hubungan antara koneksi politik dan biaya audit. Penelitian ini menggunakan sampel perusahaan selain sektor keuangan yang terdaftar di Bursa Efek Indonesia tahun 2017-2019 dan berjumlah 324 tahun-perusahaan. Teknik analisis data yang digunakan adalah Moderated Analysis Regretion (MRA). Hasil penelitian mengungkapkan bahwa perusahaan yang memiliki koneksi politik berpengaruh positif terhadap biaya audit. Hasil juga mengungkapakan bahwa Dewan Komisaris Independen tidak berpengaruh terhadap biaya audit dan tidak memoderasi pengaruh koneksi poltik terhadap biaya audit. DOI: https://doi.org/10.26905/afr.v4i1.6034","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87265599","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
S. Haryanto, Eko Aristanto, Prihat Assih, Zainal Aripin, Yanuar Bachtiar
This study aims to analyze the effect of loan to deposit ratio, credit risk on profitability and net interest margin as moderating variables. The research was conducted on the national banking industry. The research population is the banking industry that goes public on the Indonesia Stock Exchange. The sampling technique used was purposive sampling. The research period is 2017-2019 with a sample of 37 banks. The number of pairs of data analyzed was 111 data. The data analysis technique used moderated regression analysis (MRA), with Net Interest Margin as the moderating variable. The results showed that the Loan to deposit ratio had an effect on profitability in a positive direction. Credit risk has a negative effect on bank profitability. Net interest margin is able to strengthen the relationship between loan to deposit ratio and credit risk with profitability. Penelitian ini bertujuan untuk menganalisis pengaruh Loan to deposit ratio, risiko kredit terhadap profitabilitas dan net interest margin sebagai variable moderasi. Penelitian dilakukan pada industry perbankan nasional. Populasi penelitian adalah industri perbankan yang go public di Bursa Efek Indonesia. Teknik sampling digunakana purposive sampling. Periode penelitian tahun 2017-2019 dengan jumlah samel 37 bank. Jumlah pasang data yang dianalisis sebanyak 111 data. Teknik analisis data menggunakan moderated regression analysis (MRA), dengan Net Interest Margin sebagai variable moderating. Hasil penelitian menunjukkan Loan to deposit ratio berpengaruh terhadap profitabilitas dengan arah positif. Risiko kredit berpengaruh negative terhadap profitabilitas bank. Net interest margin mampu memperkuat hubungan antara Loan to deposit ratio dan risiko kredit dengan profitabilitasDOI: https://doi.org/10.26905/afr.v4i1.6154
本研究旨在分析存贷比、信用风险作为调节变量对盈利能力和净息差的影响。本研究以全国银行业为研究对象。研究对象是在印尼证券交易所上市的银行业。使用的抽样技术是有目的的抽样。研究期间为2017-2019年，样本为37家银行。分析的数据对数为111组。数据分析技术采用有调节回归分析(MRA)，净息差为调节变量。结果表明，存贷比对盈利能力有正向影响。信用风险对银行盈利能力有负面影响。净息差能够强化存贷比和信用风险与盈利能力之间的关系。存贷比、信贷利率、盈利能力和净息差是可变的。Penelitian dilakukan paada industry perbankan national。Populasi penelitian adalah industri perbankan yang在印尼证券交易所上市。Teknik抽样，diunakana目的抽样。期间penelitian tahun 2017-2019登干jumlah samel 37银行。Jumlah pasang数据yang dianyak 111数据。Teknik分析数据蒙古纳坎有调节回归分析(MRA)，登干净息差有变量调节。存贷比为正，盈利能力为正。瑞信信贷的盈利能力为负。净息差mampu成员kukuhubungan antara存贷比dan risko信贷登根盈利能力doi: https://doi.org/10.26905/afr.v4i1.6154
{"title":"Loan to Deposit Ratio, Risiko Kredit, Net Interest Margin dan Profitabilitas Bank","authors":"S. Haryanto, Eko Aristanto, Prihat Assih, Zainal Aripin, Yanuar Bachtiar","doi":"10.26905/AFR.V4I1.6154","DOIUrl":"https://doi.org/10.26905/AFR.V4I1.6154","url":null,"abstract":"This study aims to analyze the effect of loan to deposit ratio, credit risk on profitability and net interest margin as moderating variables. The research was conducted on the national banking industry. The research population is the banking industry that goes public on the Indonesia Stock Exchange. The sampling technique used was purposive sampling. The research period is 2017-2019 with a sample of 37 banks. The number of pairs of data analyzed was 111 data. The data analysis technique used moderated regression analysis (MRA), with Net Interest Margin as the moderating variable. The results showed that the Loan to deposit ratio had an effect on profitability in a positive direction. Credit risk has a negative effect on bank profitability. Net interest margin is able to strengthen the relationship between loan to deposit ratio and credit risk with profitability. Penelitian ini bertujuan untuk menganalisis pengaruh Loan to deposit ratio, risiko kredit terhadap profitabilitas dan net interest margin sebagai variable moderasi. Penelitian dilakukan pada industry perbankan nasional. Populasi penelitian adalah industri perbankan yang go public di Bursa Efek Indonesia. Teknik sampling digunakana purposive sampling. Periode penelitian tahun 2017-2019 dengan jumlah samel 37 bank. Jumlah pasang data yang dianalisis sebanyak 111 data. Teknik analisis data menggunakan moderated regression analysis (MRA), dengan Net Interest Margin sebagai variable moderating. Hasil penelitian menunjukkan Loan to deposit ratio berpengaruh terhadap profitabilitas dengan arah positif. Risiko kredit berpengaruh negative terhadap profitabilitas bank. Net interest margin mampu memperkuat hubungan antara Loan to deposit ratio dan risiko kredit dengan profitabilitasDOI: https://doi.org/10.26905/afr.v4i1.6154","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83101467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to determine the effect of fair value non-current asset on the determination of audit fee and to know moderating effect of political connection between fair value non -current asset and audit fee in financial companies listed in Indonesia Stock Exchange. The method of research analysis used in this research is descriptive method. Population in this research is financial companies listed in Indonesia Stock Exchange with sample of 25 companies by using purposive sampling method in period 2016-2018. The data used is secondary data collected by documentation technique. In analyzing the data, this study used a test tool of ordinary least square (OLS) analysis and moderation regression analysis (MRA). The result of this research indicates that fair value non-current asset influence audit fee and this research show that the political connection can’t moderate of fair value non-current asset toward audit fee. DOI: https://doi.org/10.26905/afr.v3i2.4708
{"title":"Fair Value Non-Current Asset, Koneksi Politik, dan Audit Fee","authors":"Yeni Anggriani, Helmi Yazid, Muhamad Taqi","doi":"10.26905/afr.v3i2.4708","DOIUrl":"https://doi.org/10.26905/afr.v3i2.4708","url":null,"abstract":"This study aims to determine the effect of fair value non-current asset on the determination of audit fee and to know moderating effect of political connection between fair value non -current asset and audit fee in financial companies listed in Indonesia Stock Exchange. The method of research analysis used in this research is descriptive method. Population in this research is financial companies listed in Indonesia Stock Exchange with sample of 25 companies by using purposive sampling method in period 2016-2018. The data used is secondary data collected by documentation technique. In analyzing the data, this study used a test tool of ordinary least square (OLS) analysis and moderation regression analysis (MRA). The result of this research indicates that fair value non-current asset influence audit fee and this research show that the political connection can’t moderate of fair value non-current asset toward audit fee. DOI: https://doi.org/10.26905/afr.v3i2.4708","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"45 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86928677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
P. Ali, Peter N. O. N. O. Njoku, J. Ugoani, O. Nwaorgu, O. S. Ukeje
This study empirically examined the effects and implications of cash management of DMBs in Nigeria. The variables studied were Cash to total asset, Operating cash to total asset, Investing cash to total asset, Financing cash to total asset, Bank size, Bank age, proxied for cash management and Return on Asset used to represent financial performance. Data used for this study were from secondary sources and were generated from the annual reports and accounts of the selected DMBs for the period 2014–2018. The results show that while operating cash to total asset of bank, investing cash to total asset and bank size have no significant effect on financial performance of DMBs, financing cash to total asset and bank age have a significant and positive effect on financial performance of deposit money bank (DMBs). However, cash to total asset has a significant negative effect on financial perfor-mance of banks. The study concludes that cash positions, which can lead to liquidity risk has to be managed because it has tendency to compound other risks. It further highlighted that adequate attention should be paid on the use and reserves of cash among banks in Nigeria. This study recommends that banks should adopt optimum cash management model for efficiency and effectiveness. Stringent regulatory policies in this regard must be reviewed in such a way that they can be relaxed, to encourage effective liquidity manage-ment measures.
{"title":"Cash Management and Bank’s Financial Performance: Evidence from selected Deposit Money Banks in Nigeria","authors":"P. Ali, Peter N. O. N. O. Njoku, J. Ugoani, O. Nwaorgu, O. S. Ukeje","doi":"10.26905/afr.v3i2.5450","DOIUrl":"https://doi.org/10.26905/afr.v3i2.5450","url":null,"abstract":"This study empirically examined the effects and implications of cash management of DMBs in Nigeria. The variables studied were Cash to total asset, Operating cash to total asset, Investing cash to total asset, Financing cash to total asset, Bank size, Bank age, proxied for cash management and Return on Asset used to represent financial performance. Data used for this study were from secondary sources and were generated from the annual reports and accounts of the selected DMBs for the period 2014–2018. The results show that while operating cash to total asset of bank, investing cash to total asset and bank size have no significant effect on financial performance of DMBs, financing cash to total asset and bank age have a significant and positive effect on financial performance of deposit money bank (DMBs). However, cash to total asset has a significant negative effect on financial perfor-mance of banks. The study concludes that cash positions, which can lead to liquidity risk has to be managed because it has tendency to compound other risks. It further highlighted that adequate attention should be paid on the use and reserves of cash among banks in Nigeria. This study recommends that banks should adopt optimum cash management model for efficiency and effectiveness. Stringent regulatory policies in this regard must be reviewed in such a way that they can be relaxed, to encourage effective liquidity manage-ment measures.","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90929033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to describe regional financial management which includes: planning and budgeting, implementation and administration and accountability of regional finances; and transparency which includes transparency and accessibility; as well as the accounta-bility of regional financial reporting, the effectiveness of internal and external party super-vision, and the performance of Regional Work Units; analyze the effect of the effectiveness of financial planning, the effectiveness of budget execution control, transparency and ac-countability of financial reporting on the performance of Local Government Work Units. This type of research is explanative. The number of samples in this study were 32 respond-ents. The data collection technique used a questionnaire. The analysis technique uses de-scriptive analysis and multiple linear regression analysis. Regional financial management which includes; the effectiveness of financial planning, the budget formulation process, the characteristics of the clarity of budget targets and control have an effect on the performance of regional work units. Meanwhile, transparency and accessibility of regional financial reporting and accountability of regional financial reporting have no effect on the perfor-mance of regional work units. DOI: https://doi.org/10.26905/afr.v3i2.5503
{"title":"Pengelolaan Keuangan Daerah dan Good Governance terhadap Kinerja Satuan Kerja Perangkat Daerah","authors":"Saverius Dhuri Mbipi, Prihat Assih, Maxion Sumtaky","doi":"10.26905/afr.v3i2.5503","DOIUrl":"https://doi.org/10.26905/afr.v3i2.5503","url":null,"abstract":"This study aims to describe regional financial management which includes: planning and budgeting, implementation and administration and accountability of regional finances; and transparency which includes transparency and accessibility; as well as the accounta-bility of regional financial reporting, the effectiveness of internal and external party super-vision, and the performance of Regional Work Units; analyze the effect of the effectiveness of financial planning, the effectiveness of budget execution control, transparency and ac-countability of financial reporting on the performance of Local Government Work Units. This type of research is explanative. The number of samples in this study were 32 respond-ents. The data collection technique used a questionnaire. The analysis technique uses de-scriptive analysis and multiple linear regression analysis. Regional financial management which includes; the effectiveness of financial planning, the budget formulation process, the characteristics of the clarity of budget targets and control have an effect on the performance of regional work units. Meanwhile, transparency and accessibility of regional financial reporting and accountability of regional financial reporting have no effect on the perfor-mance of regional work units. DOI: https://doi.org/10.26905/afr.v3i2.5503","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"106 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79716256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this study was to determine the effect of financial education on the family, financial education on campus, peers, financial literacy and financial awareness on the level of student personal finance. The sampling technique uses a non probability sampling technique. While the sampling method uses incidental sampling, whoever by chance or fits as a data source, then continues using the purposive sampling method, namely the sam-pling technique with the consideration of students of the Faculty of Economics in Yogya-karta who have taken Financial Management courses and who have taken courses that concentrate on Finance. From these considerations, 103 respondents. The data analysis technique uses multiple regression analysis. The results showed that financial education in the family, financial literacy and financial awareness had a significant effect on student personal finance, while financial education on campus and peers had no effect on student personal finance. DOI: https://doi.org/10.26905/afr.v3i2.5840
{"title":"Pendidikan Keuangan Keluarga, Kesadaran Keuangan dan Tingkat Personal Finance","authors":"R. Pahlevi, L. Nashrullah","doi":"10.26905/afr.v3i2.5840","DOIUrl":"https://doi.org/10.26905/afr.v3i2.5840","url":null,"abstract":"The purpose of this study was to determine the effect of financial education on the family, financial education on campus, peers, financial literacy and financial awareness on the level of student personal finance. The sampling technique uses a non probability sampling technique. While the sampling method uses incidental sampling, whoever by chance or fits as a data source, then continues using the purposive sampling method, namely the sam-pling technique with the consideration of students of the Faculty of Economics in Yogya-karta who have taken Financial Management courses and who have taken courses that concentrate on Finance. From these considerations, 103 respondents. The data analysis technique uses multiple regression analysis. The results showed that financial education in the family, financial literacy and financial awareness had a significant effect on student personal finance, while financial education on campus and peers had no effect on student personal finance. DOI: https://doi.org/10.26905/afr.v3i2.5840","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"98 4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81287143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Hafidz Andra Bakhtiar, Siti Nurlaela, Kartika Hendra
Competition between companies is getting tougher and more competitive because the cor-porate world is growing rapidly. Every company wants high company value, a company with high company value can increase shareholder prosperity. If the shareholders feel pros-perous, then the shareholders may be able to add value to their investment in the company. Good corporate governance (GCG) is one of the many factors that can affect corporate value. The purpose of this study was to examine the effect managerial ownership, institu-tional ownership, independent commissioners, and audit committees on firm value. The population used as the object of this research is the banking sub-sector listed on the Indone-sia Stock Exchange (IDX) in 2014-2018. The population of this study is 43 companies, this study was obtained by purposive sampling technique which then produced a sample of 25 companies the financial sector banking sub sector to be studied. The analysis technique used is multiple linear regression analysis. Based on data analysis and discussion it can be concluded that Managerial Ownership and Independent Commissioners do not affect the company's value. While the Institutional Ownership and Audit Committee affect the value of the company.DOI: https://doi.org/10.26905/afr.v3i2.3927
{"title":"Kepemilikan Manajerial, Kepemilikan Institusional, Komisaris Independen, Komite Audit, dan Nilai Perusahaan","authors":"Hafidz Andra Bakhtiar, Siti Nurlaela, Kartika Hendra","doi":"10.26905/afr.v3i2.3927","DOIUrl":"https://doi.org/10.26905/afr.v3i2.3927","url":null,"abstract":"Competition between companies is getting tougher and more competitive because the cor-porate world is growing rapidly. Every company wants high company value, a company with high company value can increase shareholder prosperity. If the shareholders feel pros-perous, then the shareholders may be able to add value to their investment in the company. Good corporate governance (GCG) is one of the many factors that can affect corporate value. The purpose of this study was to examine the effect managerial ownership, institu-tional ownership, independent commissioners, and audit committees on firm value. The population used as the object of this research is the banking sub-sector listed on the Indone-sia Stock Exchange (IDX) in 2014-2018. The population of this study is 43 companies, this study was obtained by purposive sampling technique which then produced a sample of 25 companies the financial sector banking sub sector to be studied. The analysis technique used is multiple linear regression analysis. Based on data analysis and discussion it can be concluded that Managerial Ownership and Independent Commissioners do not affect the company's value. While the Institutional Ownership and Audit Committee affect the value of the company.DOI: https://doi.org/10.26905/afr.v3i2.3927","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83928437","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to examine the effect of working capital management on firm value with profitability as a mediating variable. This study uses a sample of 18 retail companies listed on the Indonesia Stock Exchange from 2014 to 2018. Working capital management is measured by Cash Conversion Cycle (CCC), profitability is measured by Return on Assets (ROA), and company value is measured by Tobins Q. Panel data regression is conducted to test the direct effect, followed by the Sobel test to test for the indirect effect. The results showed that working capital management increased firm value directly and indirectly through profitability. Working capital management with a shorter cycle results in greater profitability, thus driving firm value. The implication of this research is that retail companies are expected to shorten the company's cash cycle so that it has a positive impact on the company's profitability and value. DOI: https://doi.org/10.26905/afr.v3i2.5452
{"title":"Apakah Profitabilitas Memediasi Pengaruh Manajemen Modal Kerja terhadap Nilai Perusahaan?","authors":"Evan Yulandreano, Apriani Dorkas Rambu Atahau, Imanuel Madea Sakti","doi":"10.26905/afr.v3i2.5452","DOIUrl":"https://doi.org/10.26905/afr.v3i2.5452","url":null,"abstract":"This study aims to examine the effect of working capital management on firm value with profitability as a mediating variable. This study uses a sample of 18 retail companies listed on the Indonesia Stock Exchange from 2014 to 2018. Working capital management is measured by Cash Conversion Cycle (CCC), profitability is measured by Return on Assets (ROA), and company value is measured by Tobins Q. Panel data regression is conducted to test the direct effect, followed by the Sobel test to test for the indirect effect. The results showed that working capital management increased firm value directly and indirectly through profitability. Working capital management with a shorter cycle results in greater profitability, thus driving firm value. The implication of this research is that retail companies are expected to shorten the company's cash cycle so that it has a positive impact on the company's profitability and value. DOI: https://doi.org/10.26905/afr.v3i2.5452","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87063227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Overconfident managers create biases that make them overvalue their company and its investments. This study takes a sample of companies that are listed in the Indonesia Stock Exchange, for the years 2013-2017. Companies that are listed on the LQ 45 index have high liquidity so that the stock is active so it doesn't interfere with the accuracy of the research being carried out. The results showed that internal funding has a significant posi-tive relationship with company investment. This shows that the more internal financing, the greater the scale of the investment the company will make. Internal financing and overinvestment have a significant positive correlation. So that companies tend to over-invest. Internal finance has a dual role to play in investment. One side of the bias to im-prove investment efficiency by increasing the scale of investment and reducing the scale of investment, on the other hand it can cause excessive investment.DOI: https://doi.org/10.26905/afr.v3i2.3834
{"title":"Efektivitas Investasi dan Pembiayaan Internal: Fenomena Manajer Terlalu Percaya Diri di Pasar Modal Indonesia","authors":"D. Ramdani","doi":"10.26905/afr.v3i2.3834","DOIUrl":"https://doi.org/10.26905/afr.v3i2.3834","url":null,"abstract":"Overconfident managers create biases that make them overvalue their company and its investments. This study takes a sample of companies that are listed in the Indonesia Stock Exchange, for the years 2013-2017. Companies that are listed on the LQ 45 index have high liquidity so that the stock is active so it doesn't interfere with the accuracy of the research being carried out. The results showed that internal funding has a significant posi-tive relationship with company investment. This shows that the more internal financing, the greater the scale of the investment the company will make. Internal financing and overinvestment have a significant positive correlation. So that companies tend to over-invest. Internal finance has a dual role to play in investment. One side of the bias to im-prove investment efficiency by increasing the scale of investment and reducing the scale of investment, on the other hand it can cause excessive investment.DOI: https://doi.org/10.26905/afr.v3i2.3834","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"89 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79399476","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The main purpose of this study is to assess and analyze the business continuity (going concern) of companies before and during the Covid-19 pandemic. The sample of this research is 45 property sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2019-2020 and meet predetermined criteria. This study uses the Altman Z-Score bankruptcy prediction model to assess the business continuity of the sample companies. This research proves that there is indeed an influence from the global Covid-19 pandemic. Companies that are experiencing financial problems and have a strong potential for bankruptcy increased from 2% at the end of 2019 to 51% at the end of June 2020. DOI: https://doi.org/10.26905/afr.v3i2.5451
{"title":"Pandemi Covid-19 dalam Penyajian Pelaporan Keuangan dan Keberlangsungan Usaha melalui Prediksi Kebangkrutan","authors":"Shinta Budi Astuti, Ameilia Damayanti, Tryas Chasbiandani, Nelyumna Rizal","doi":"10.26905/afr.v3i2.5451","DOIUrl":"https://doi.org/10.26905/afr.v3i2.5451","url":null,"abstract":"The main purpose of this study is to assess and analyze the business continuity (going concern) of companies before and during the Covid-19 pandemic. The sample of this research is 45 property sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2019-2020 and meet predetermined criteria. This study uses the Altman Z-Score bankruptcy prediction model to assess the business continuity of the sample companies. This research proves that there is indeed an influence from the global Covid-19 pandemic. Companies that are experiencing financial problems and have a strong potential for bankruptcy increased from 2% at the end of 2019 to 51% at the end of June 2020. DOI: https://doi.org/10.26905/afr.v3i2.5451","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81404050","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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