International Journal of Public Budgeting, Accounting and Finance (IJPBAF)
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THE EFFECT OF FINANCIAL RATIO AND NON-FINANCIAL FACTORS ON BONDS RATING WITH PROFIT MANAGEMENT AS INTERVENING VARIABLES ON COMPANIES LISTED IN BEI 2013-2015
Get PDFThis study aims to examine and analyze the influence of financial ratios (liquidity, leverage, profitability, free cash flow and market value) and non-financial factors (auditor reputation and type of industry) on bond rating with earning management usage as an intervening variable in companies that listed on the Indonesian stock exchange (IDX). This study population are all the companies that listed on the IDX and rated by PT PEFINDO 2013-2015, amounting to 54 companies and once used as a sample. Data analysis using multiple linier regression and path analysis with sobel test. The results showed that simultaneous financial ratios (liquidity, leverage, profitability, free cash flow and market value) and non-financial factors (auditor reputation and type of industry) and earning management significant effect on bond rating. In partial, profitability, auditor reputation, and type of industry positive significant effect on bond rating, but earning management negative significant effect on bond rating. While liquidity, leverage, free cash flow, and market value no significant effect on bond rating. Sobel test showed that indirectly, earning management cannot mediate the relationship between financial ratios (liquidity, leverage, profitability, free cash flow and market value) and non-financial factors (auditor reputation and type of industry) on bond rating
THE FACTORS WHICH INFLUENCE THE QUALITY OF PROFIT (An Empirical Study on Non Financial Companies Listed in the Indonesia Stock Exchange)
Get PDFThe objective of the research was to test the roomates factors influence the earnings quality. The research was done in the non-financial companies listed in BEI (Indonesia Stock Exchange) in 2016, based on the Fact Book published by the Stock Exchange. The main independent variables were the dividend (dividend-payingstatus), diversification (operatingdiversification status), and ownership of the firm (companyownership status). The dependent variable testedisearnings quality proxies by AAQ. AAQ had a negative correlation with the earnings quality. There are five control variables that also tested, namely PBV (External Growth Prospect), LEV (debt structure), AGE (Firm Maturity), HHI (Competitive Level in Industry), and CFO (Volatility of Operational Cash Flow). The results of the research demonstrated that the dividend-paying status had asignificantly negative influence on the earnings quality proxies(AAQ). The status of operational and geographic diversification had Significantly positive influence on the earnings quality proxies (AAQ). The research has failed to PROVE that the company ownership status had negatively influenced the earnings qualityproxies(AAQ). The results of the tests found out that dividend and diversification were proven to have information about quality profit. Therefore, they are supposed to be used as the indicators of the earnings quality. The research has failed to PROVE that the status of firm ownership had negatively influenced the earnings quality (AAQ). The results of the tests found out that dividend and diversification were proven to have information about quality profit. Therefore, they are supposed to be used as the indicators of the earnings quality. The research has failed to PROVE that the status of firm ownership had negatively influenced the earnings qualityproxies(AAQ).The results of the tests found out that dividend and diversification were proven to have information about quality profit. Therefore, they are supposed to be used as the indicators of the earnings quality
ANALYSIS OF FACTORS AFFECTING WEAKNESSES OF INTERNAL CONTROL SYSTEM AT DISTRICT AND CITY GOVERNMENTS IN NORTH SUMATRA PROVINCE
Get PDFThe objective of the research was to analyze the effect of local government size, PAD (Local Generated Revenues), complexity, capital expenditure, total assets, and level of completion of follow-up recommendations of audit results on the weaknesses of the local government internal control system. The population was 33 districts/cities in North Sumatra Province in 5 years observation of 2011-2015. The research used saturated sampling technique and multiple linear regression analysis with the coefficient of determination, t test and F-test. The samples were 165. Secondary data were obtained from www.bpk.go.id, www.sumut.bps.go.id and BPKAD of North Sumatera Province. The results of the research showed that the local government size, PAD, capital expenditure and level of completion of follow-up recommendations of audit results had significant influence on the weakness of internal control system, while the complexity and total assets had no influence on the weakness of the internal control system. Simultaneously, local government size, PAD, complexity, capital expenditure, total assets, and level of completion of follow-up recommendations of audit results had significant influence on the weakness of the internal control system of the local government
INFLUENCE OF MOTIVATION, TRAINING, SKILL AND UTILIZATION OF TECHNOLOGY ON THE IMPLEMENTATION OF INFORMATION MANAGEMENT SYSTEM REGIONS ON EMPLOYEES’ PERFORMANCE WITH THE SUPERIORS’ SUPPORT AS A MODERATING VARIABLE (Empirical Study at the Regional Financi
Get PDFThe objective of the research was to analyze the influence of motivation, training, skill, and the use of technology in implementing regional management information system on employees’ performance at BPKAD (Regional Financial and Assets Management Agency) of Langkat Government Regency with superiors’ support as moderating variable. The research used causal comparative method. The population was 71 BPKAD employees as the respondents. The research method was census method. The hypothesis was tested by using multiple linear regression analysis. The result of the research showed that motivation, training, skill, and the utilization of technology simultaneously had the influence in implementing regional management information system on the employees’ performance at the BPKAD of Langkat Government Regency. Partially, motivation, skill, and the utilization of technology had positive and significant influence in implementing regional management information system on the employees’ performance at the BPKAD of Langkat Government Regency, but training did not influence the employees’ performance at the BPKAD of Langkat Government Regency, Superiors’ support as moderating variable could moderate the correlation of motivation, training, skill, and the utilization of technology in implementing regional management information system with the employees’ performance at the BPKAD of Langkat Government Regency
THE ANALYSIS OF FACTORS AFFECTING MANAGEMENT PROFIT WITH DEVIDEND PAYOUT RATIO AS MODERATING VARIABLES IN COMPANIES MANUFACTURING LISTED IN INDONESIA STOCK EXCHANGE
No full textThis study aims to determine the effect of Institutional Leadership, Proportion of Independent Commissioners, Company Size, Leverage, Free Cash Flow, Profitability, and Cost of Capital on Earnings Management with dividend payout ratio as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange in 2012 -2015.This type of research is associative causal research. The population in this study is 125 companies and a sample of 56 companies using proportional sampling method, with the number of observations as many as 224 observation units. The method of data analysis in this study is multiple linear regression and residual test. The results of the first simultaneous hypothesis testing showed that the independent variables Institutional Ownership, Proportion of Independent Commissioner Board, Company Size, Leverage, Free Cash Flow,Profitability, and Cost of Equity Capital take effect towards Profit Management.Partially only Company Size variables affect earnings management, while Institutional Ownership variables, Proportion of Independent Commissioner Board, Leverage, Free Cash Flow, Profitability and Cost of Equity Capital has no effect on Management Profit. Testing the second hypothesis shows that the Dividend Payout Ratio is not able to moderate the relationship between Institutional Ownership, Proportion of Independent Commissioners, Company Size, Leverage, Free Cash Flow, Profitability and Cost of Equity Capital with earnings management in manufacturing companies listed on the Indonesia Stock Exchange
ANALYSIS OF THE INFLUENCE OF THE QUALITY OF HUMAN RESOURCES, PLANNING, AND BUDGET IMPLEMENTATION ON BUDGET ABSORPTION AT THE SKPD OF THE NORTH SUMATERA PROVINCIAL ADMINISTRATION WITH THE USE OF INFORMATION TECHNOLOGY AS MODERATING VARIABLE
Get PDFThe objective of this study was to analyze the influence of the human resources quality, planning and budget implementation with the using of information technology as the moderating variabel to budget absorption at North Sumatera Province Governmen . The study used causal research method. The population was 39 SKPDs (Regional Work Unit) that consisted of PPK-SKPD (Financial Management Officicer of SKPD) and Programming Officer of North Sumatera Province Government. Regarding to PP 18/ 2016 there are 3 new SKPDs which haven’t budget absortion yet so that the samples in this research was 36 SKPDs. This research use primary data and secondary data. Data analizyng method is tested by using multiple regression analysis and residual test. The result of the study showed that the human resources quality, planning and budget implementation had significant influence on the budget absorption simultaneously. Partially, planning and budget implementation had significant influence to the budget absorption. The using of information technology as moderating variable could moderate the correlation of the human resources quality, planning and budget implementation had significant influence on the budget absorption of the North Sumatera Province Government
ANALYSIS OF FACTORS AFFECTING DIVIDEND POLICY WITH GOOD CORPORATE GOVERNANCE AS INTERVENING VARIABLES IN SERVICES COMPANIES IN INDONESIA STOCK EXCHANGE
Get PDFThe purpose of this study was to determine and analyze the effect of liquidity ratio (CR), leverage (DER), profatibilitas (ROA), asset growth (AG), retun on equity (ROE) the dividend policy simultaneously and partially as well as to identify and analyze the effect of CR, DER, ROA, AG, ROE on dividend policy with good corporate governance as an intervening variable. The population in this study is the service companies listed in Indonesia Stock Exchange during the period 2012-2015. The total sample in this study as many as 10 companies for 4 years in a row so that the total observation is as much as 40. The results of this study prove that CR, DER, ROA, AG, and ROE significant influence simultaneously and partially AG positive and significant impact on policy dividends, and CR, DER, ROA, ROE is negative and significant effect on dividend policy. Based on the analysis path, good corporate governance variables were able to mediate the relationship between DER and ROA on dividend policy of good corporate governance while not being able to mediate the relationship between CR, AG, and ROE on dividend policy
THE EFFECT OF THE QUALITY OF THE SYSTEM AND INFORMATION QUALITY ON THE SATISFACTION OF THE USER OF THE APLICATION PRODUCT (SAP) WITH PERCEIVED USEFULNESS AS A MODERATING VARIABLES IN THE NATIONAL ELECTRICITY COMPANY
Get PDFThe Objective of the research was to test and analyze the influence of the Quality System and Information Quality on the Last Users' Satisfaction with System Application Product (SAP) with Perceived Usefulness as moderating variable, whether the variables of Quality System and Information Quality simultaneously and partially had the Last Users 'Satisfaction with SAP, and Perceived Usefulness as moderating variable influenced by the correlation of Quality System and Information Quality with the Last Users' Satisfaction with SAP.The research used causal method.Primary data were gathered by the distributing questionnaire to the employees of National Electricity Company, the Sumatra Power Plant Development Unit.The population was 207 employees, and 42 of them were used as the samples, taken by using purposive sampling technique.The result of the research showed that, partially, the System Quality had positive and significant influence on the Last Users 'Satisfaction with SAP, while the Information Quality had Last Users' Satisfaction with SAP.Simultaneously, Quality System and Information Quality have Last Users' significant influence with SAP, while Perceived Usefulness was not moderating variabl
ANALYSIS OF FINANCIAL ASPECT AND NON-FINANCIAL ASPECT FACTORS THAT INFLUENCE THE SHU (SURPLUS) WITH WORKING CAPITAL AS A MODERATING VARIABLE IN KP-RI (EMPLOYEE COOPERATIVE OF THE REPUBLIC INDONESIA) OF SIMALUNGUN REGENCY
Get PDFThe objective of the research was to find out, analyze and empirically prove that Financial Aspects (Independent Capital, Loan Capital, Member Capital, Business Volume and Manager’s Performance) and Non-Financial Aspect (Number of Members) have some influence on SHU (Surplus) and Work Capital as the moderating variable in KP-RI (Employee Cooperative of the Republic of Indonesia) of Simalungun Regency. The population was 39 cooperatives in Simalungun Regency. the data were the financial data from the final statement of RAT (Annual Meeting) of KP-RI of Simalungun Regency from 2012 until 2015. Time series method was used as the research method. The samples were taken by employing census technique with documentation method. The research used multiple linear regression method and Moderated Regression Analysis were applied for the data testing. The results of the research showed that Financial Aspects (Independent Capital, Loan Capital, Member Capital, Business Volume and Manager’s Performance) and Non-Financial Aspect (Number of Members) were proven to partially and simultaneously influenced SHU if KP-RI of Simalungun Regency. Work Capital as the moderating variable was able to strengthen the correlation among financial aspects i.e. Loan Capital, Business Volume and Manager’s Performance with SHU. However, it was not able to strengthen the correlation among financial aspects i.e. Independent Capital and Member’s Loan, and Non-Financial Aspects i.e. number of members with the surplus of KP-RI of Simalungun Regency
FACTORS AFFECTING THE QUALITY OF THE PERFORMANCE ACCOUNTABILITY REPORT OF GOVERNMENT AGENCY WITH ORGANIZATIONAL COMMITMENTS AS A MODERATING VARIABLE WHITIN TECHNICAL IMPLEMENTATION UNITS OF DIRECTORATE GENERAL OF EARLY CHILDHOOD EDUCATION AND COMMUNITY ED
Get PDFThe objective of the research was to analyze the influence of the clarity of budget target, the competence of human resources, and the effectiveness of internal audit simultaneously and partially on the quality of LAKIP (The Performance Accountability Report of Government Agency) within the UPT Ditjen PAUD Dikmas (Technical Implementation Unit of Directorate General of the Early Childhood Education and Community Education) with Organizational Commitment as moderating variable. The research used associative qualitative method. The population was 8 PPKs (Commitment Officers), 24 SPIs (Internal Supervising Units), 8 Section Heads of Program Development, 8 Budget Organizers, and 8 LAKIP Organizers in the Technical Implementation Units at the Ditjen PAUD Dikmas, and all of them were used as the samples (56 samples). Primary data were analyzed by using multiple linear regression analysis and residual test. The result of the research showed that the clarity of budget target, the competence of human resources, and the effectiveness of internal audit simultaneously and partially had significant influence on the quality of LAKIP. Organizational Commitment was able to moderate the correlation of the clarity of budget target and the competence of human resources with the quality of LAKIP whitin the UPT Ditjen PAUD Dikmas, but it was not able to moderate the correlation between the effectiveness of internal audit and the quality of LAKIP whitin the UPT Ditjen PAUD Dikmas