Riset - Jurnal Aplikasi Ekonomi Akuntansi dan Bisnis
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Factors Affecting Capital Structure And Stock Prices Of Agricultural And Mining Companies
No full textThe purpose of this study was to analyze the influence of business risk, asset growth, sales growth, earning per share, and asset structure to capital structure and share price.
This study involved mining and agriculture companies listed on IDX within the period of 2010-2017. The analysis employed eViews 9.
Based on the hypothesis testing, it was found that that business risk, sales growth, and asset structure do not have a significant effect on capital structure. However, asset growth has a significant influence. Furthermore, sales growth and EPS do not have a significant effect on share price, but the asset structure has a significant influence.
This research is a development of previous research by adding earnings per share as an independent variable and covering the period 2010 - 2017 in order to show the most actual conditions.
Company management can make the results of this study a consideration in determining the optimal capital structure. This study only examined the mining and agricultural sectors on the Indonesian stock exchange
Share Investors’ Competence and Overconfidence in Investment Decision Making
No full textMany factors may affect investors in making investment decision, some of them are overconfidence and competence. Those factors thought to have an influence on investment decision making. This research objectives to determine the effect of competence and overconfidence on investment decision. This research is a kind of quantitative research using survey method given to beginner investor. The sampling method used judgment sampling with the number of samples in this research are 30 respondents of beginner investor. The analysis used is MRA (Multiple Regression Analysis). The results of this study showed that competence of investor does not affect in investment decision while investor’s decision was influenced by overconfidence of investor.
Keywords : competence, overconfidence. investment decisio
Stock Liquidity, Corporate Governance, and Leverage in Indonesia
No full textThis paper studies the relationship between stock liquidity, corporate governance, and leverage in Indonesia. A sample of 165 Indonesian listed firms in the year 2006-2016 is used. The study results confirm that an increase in stock liquidity and corporate governance decreases the use of leverage. This show that corporate governance and stock liquidity able to decrease the agency cost and the usage of debt. The interaction between stock liquidity and corporate governance shows that corporate governance significantly affects leverage only when the firm is liquid. However, there are different results among different proxies of corporate governance quality
Analisis Akuntansi Untuk Likuidasi Korporasi Pada Reksa Dana Terproteksi Tram Terproteksi Prima Xi
No full textThe Imposed Statement of Financing Accounting Standards in Indonesia allow an entity to use another accounting basis other than going concept base when management intends to liquidate the entity or discontinue the trading (PSAK 1, 2015). This study aims to discuss the implementation of accounting standard and the procedures applied by the Reksa Dana Terproteksi TRAM Terproteksi Prima XI management related to its liquidation. This study employs a qualitative approach with using data of TRAM Terproteksi Prima XI’s Audited Financial Statement 31 December 2015 (Liquidation Base) and 2014 (Business Continuity Base) and for the years on that date and Reksa Dana Terproteksi TRAM Terproteksi Prima XI’s Prospectus. Therefore, it could be seen the relation to the imposed accounting standard and liquidation procedures regulated in Indonesia.
This study concludes that Reksa Dana Terproteksi TRAM Terproteksi Prima XI apply FASB Accounting Standards Codification Topic 205 on Liquidation Basis of Accounting in the liquidation process. Also of terms of corporate liquidation procedures, Reksa Dana Terproteksi TRAM Terproteksi Prima XI implements more detailed procedures that the Act number 47 of 2007 which only regulates the procedure of liquidation in practice. It could be seen from Reksa Dana Terproteksi TRAM Terproteksi Prima XI’s Prospectus which further explains the obligations of investment managers in the liquidation process compared to the role of the liquidator itself and reporting the results of liquidation and the distribution of proceeds of liquidation to the Financial Services Authority