International Journal of Public Budgeting, Accounting and Finance (IJPBAF)
Not a member yet
250 research outputs found
Sort by
FACTORS THAT INFLUENCE COMPANY VALUE WITH CAPITAL STRUCTURE AS A MODERATING VARIABLE IN MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX)
Full text linkThis study aims to examine the factors that influence the value of a company. Investment Decisions, Company Size, Liquidity, Profitability, Institutional Ownership and Dividend Policy have a partial and simultaneous effect on Company Values in manufacturing companies listed on the Indonesia Stock Exchange. This study uses a quantitative approach, namely by testing the associative relationships of measured research variables (parametric). The population in this study are manufacturing companies listed on the Indonesia Stock Exchange during the research period of 2013 to 2017. The population in this study are 26 companies and to determine the size of the sample using a sample method that is saturated sampling or census. The results of the study are simultaneously from the 6 independent variables on the dependent variable Y (Company Value) of 0.70 x 100% = 70%. In other words, 70%. Company values can be explained by the 6 independent variables (TAG, Ln-TA, CR, ROE, INST, DPR), partially the size of the company has a negative and not significant effect on firm value. Capital structure is proven as a moderating variable that influences the relationship of independent variables with dependent variables
THE EFFECT OF OPERATING, LEVERAGE, SALES GROWTH AND WORKING CAPITAL FLOW OF PROFITABILITY WITH FIRM SIZE AS MODERATING VARIABLES ON MANUFACTURING COMPANIES LISTED ON THE IDX PERIOD 2008-2017
Full text linkThe purpose of the following research is to analyse the effect of operating cash flow, leverage, sales growth and working capital turnover simultaneously and partially to profitability and to determine and analyse whether firm size variables as moderating variables can strengthen and weaken the relationship between operating cash flow, leverage, growth working capital sales and turnover in Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX). This type of research uses causal design which is useful for analysing the causal relationship between one variable with another variable and the object of this research is all manufacturing companies in the Indonesia Stock Exchange (IDX). The data used are secondary data obtained from IDX and the source of each company's site for the period 2008-2017. Sampling using purposive sampling method, obtained a sample of companies as many as 56 companies from 149 population companies with a total observation of 560. The method of data collection used is documentation techniques. The method of data analysis uses descriptive statistical methods, data panel regression analysis and interactive tests to moderate panel data variables, using the Eviews software tool. The results of this study indicate that simultaneously operating cash flow, leverage, sales growth and working capital turnover are significant to profitability. Partial testing shows that operating cash flow and sales growth on profitability have a significant positive effect, while leverage and working capital turnover have a positive and not significant effect on profitability. Moderating testing with interaction test shows that company size is not proven / moderating as a moderating variable that can moderate the relationship of operating cash flow, leverage and working capital turnover with profitability, while firm size is proven as a moderating variable of sales growth to profitability in manufacturing companies listed in Indonesia Stock Exchange (IDX)
THE EFFECT OF LIQUIDITY, PROFITABILITY, GROWTH OF SALES AND FIRM SIZE ON DIVIDEND POLICY WITH CAPITAL STRUCTURE AS MODERATING VARIABLES IN CONSUMPTION GOODS INDUSTRY SECTOR COMPANY LISTED IN INDONESIA STOCK EXCHANGE
Full text linkThe purpose of this study is to examine and analyse the components of liquidity, profitability, sales growth and firm size affect the dividend policy with capital structure as a moderating variable in the consumer goods industry sector companies listed on the Indonesia Stock Exchange. This research was conducted by observing manufacturing companies in the consumer goods industry sector in the Indonesia Stock Exchange in the period 2014 - 2018. The sampling technique used the census method. Hypothesis testing with panel data regression and analysis is done using the Eviews application tool. The results of this study prove that partially the profitability and sales growth variables affect dividend policy while the liquidity and firm size variables do not affect dividend policy. Whereas the results of capital structure research as a moderating variable prove that partially capital structure variables do not influence in moderating the effect of liquidity, profitability and firm size variables on dividend policy, conversely capital structure have an effect in moderating the effect of sales growth on dividend policy
ANALYSIS OF THE EFFECT OF DIAMOND FRAUD IN DETECTING FINANCIAL STATEMENT FRAUD: EMPIRICAL STUDY IN MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX) 2010 – 2017
Full text linkThis study aims to determine and analyse the effects of financial targets, financial stability, external pressure, nature of industry, ineffective monitoring, change in auditors, rationalization, and capability, on financial statement fraud simultaneously and partially on manufacturing companies listed on the Indonesia Stock Exchange (IDX). The population in this study are companies that are included in the Manufacturing sector on the Indonesia Stock Exchange (IDX) for the period 2010 - 2017. The samples in this study used Saturated Sampling (Census) techniques, so a population of 139 companies will be taken as a whole sample for 8 consecutive years according to the total observation is 1.112. The results of hypothesis testing prove that financial targets, financial stability, external pressure, nature of industry, ineffective monitoring, change in auditors, rationalization, and capability, simultaneously have a significant effect on financial statement fraud. Partially, financial targets, financial stability, external pressure, nature of industry, ineffective monitoring, rationalization, and capability, have a significant positive effect on financial statement fraud, and change in auditor has a significant negative effect on financial statement fraud
THE EFFECT OF BUDGET PARTICIPATION, ASIMETRY INFORMATION AND BUDGET EMPHASIS ON BUDGETARY SLACK WITH LOCUS OF CONTROL AS MODERATING VARIABLES AT ISLAMIC UNIVERSITY OF SUMATERA UTARA (UISU)
Full text linkThe objectives of the research were (1) to discover the influence of budgetary participation, asymmetric information, and budget emphasis on budgetary slack in UISU (Universitas Islam Sumatera Utara) and (2) to discover the influence of Locus of Control in moderating the correlation among budgetary participation, asymmetric information, and budget emphasis with budgetary slack in UISU. This is a causality research. The population was 122 questionnaires, only 100 of them were returned thus became the samples. The samples were taken by applying census technique in which the whole population was taken as the samples. The data consisted of primary data and were collected through survey method by distributing questionnaires to the head and employees of UISI. The research tested the data by using measurement model or outer model, structural model or inner model, and effect size for the moderating variable. The results of the research proved that (1) budgetary participation had a significantly negative influence, and asymmetric and budget emphasis did not have any influence on budgetary slack in UISU, and (2) locus of control was not able to moderate the correlation among budgetary participation, asymmetric information, and budget emphasis with budgetary slack in UISU
THE INFLUENCE OF INTELLECTUAL CAPITAL ON PROFITABILITY AND ITS IMPACT ON STOCK PRICE IN BANKING COMPANIES LISTED IN THE INDONESIA STOCK EXCHANGE
Full text linkThe objective of the research was to find out and to analyze the influence of intellectual capital on stock price with profitability as intervening variable in banking companies listed in IDX (Indonesia Stock Exchange). The research used quantitative method. Secondary data were the companies’ financial statement, obtained from BEI in the period of 2013-2017. The population was 43 companies, and 29 of them were used as the samples, taken by using purposive sampling technique with the period of the research of 5 years so that there were 145 research units all together. The data were analyzed by using multiple linear regression analysis and path analysis with an SPSS statistic program. The result of the research showed that first, Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA) simultaneously had positive and significant influence on stock price. Second, VACA had positive and significant influence on stock price. Third, VAHU and STVA did not have any significant influence on stock price. Fourth, profitability was intervening variable in the influence of VACA and STVA on stock price, and fifth, profitability was not intervening variable in the influence of VAHU on stock price
FACTORS AFFECTING THE QUALITY OF THE PADANGSIDIMPUAN GOVERNMENT FINANCIAL STATEMENTS
Full text linkThe purpose of this study was to analyse the factors that affect the quality of financial reports in the City Government of Padangsidimpuan. The independent variables in this study are the application of government accounting standards (GAS), the quality of regional government apparatus, utilization of information technology (IT), internal audits and the government's internal control system (GICS), the dependent variable is the quality of reports on regional government performance. The population of this study was 35 units found in the Padangsidimpuan City government. The sample was selected using saturated samples. Data is processed using the SEM method. The results of this study prove that the application of GAS has a significant positive effect on the quality of Padangsidimpuan City's financial statements, the quality of regional government officials has a significant positive effect on the quality of Padangsidimpuan City's financial statements, the use of IT has a significant positive effect on the quality of Padangsidimpuan City financial statements, GISC has a significant positive effect on the quality of the financial statements of the Padangsidimpuan City government. While internal audit has a positive and insignificant effect on the quality of the financial statements of the Padangsidimpuan City government
THE EFFECT OF LIQUIDITY, PROFITABILITY, LEVERAGE AND CORPORATE SOCIAL RESPONSIBILITY ON COMPANY VALUE WITH DIVIDEND POLICY AS A MODERATING VARIABLE (EMPIRICAL STUDY IN LQ45 COMPANIES LISTED ON THE IDX)
Full text linkThis study aimed to analyze the effect of liquidity, profitability, leverage and corporate social responsibility on firm value with the dividend policy as a moderating variable (Empirical Study on companies listed as LQ45 in Indonesia Stock Exchange) in 2011 - 2016. This type of research is explanatory research method. Sampling used is purpossive on the criteria which companies consistently listed during the period of research. There are 21 companies observed out of 309 companies as population. The method of data collection is documentation. Method of data analysis is panel data regression analysis. The results of this study showed that simultaneously liquidity, profitability, leverage and corporate social responsibility have significant effect on firm value. Partial test showed that liquidity has no effect on firm value, profitability positively and signifficantly affect the firm value, leverage also has no effect on firm value, and corporate social responsibility has significant effect on firm value Moderating test with the residual test showed the dividend policy has not proved as moderating variable that may moderate the relationship of liquidity, profitability, leverage and csr with the firm value of the companies listed on LQ45 in the Indonesia Stock Exchange
THE EFFECT OF MURABAHAH, MUDHARABAH, MUSYARAKAH AND CAPITAL ADEQUACY RATIO FINANCING ON PROFITABILITY OF SHARIA COMMERCIAL BANKS IN INDONESIA WITH NON PERFORMING FINANCING RATIO AS MODERATING VARIABLES
Full text linkThe purpose of this study was to determine the effect of murabahah, mudharabah, musyarakah, and capital adequacy ratios partially and simultaneously on profitability in Islamic Commercial Banks in Indonesia. In addition, this study also aims to test whether non-performing financing variables are able to moderate the relationship between each of the murabahah, mudharabah, musyarakah and capital adequacy ratio variables to profitability in Islamic Commercial Banks in Indonesia. The population of this research is as many as 13 Sharia Commercial Banks with years of observation starting from 2008 to 2017. Samples were selected using the purposive sampling method. The method of data analysis uses multiple regression and moderating regression analysis. The results of this study indicate that murabahah financing and capital adequacy ratios have a positive and significant effect on profitability. Mudharabah financing has a positive and not significant effect on profitability. While Musyarakah financing has a negative and not significant effect on profitability. The results of the moderating variable indicate that non-performing financing has a significant effect as a moderating variable both between murabahah, mudharabah and musyarakah financing towards profitability. Conversely, non-performing financing does not have a significant effect as a moderating variable between capital adequacy ratio to profitability
ANALYSIS OF FACTORS AFFECTING DIVIDEND POLICY IN BANKING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE WITH MANAGERIAL OWNERSHIP AND INDEPENDENT COMMISSIONERS AS MODERATING VARIABLES
Full text linkThis study aims to examine and analyze the factors that influence dividend policy and to test managerial ownership and independent commissioners as moderating variables in banking companies listed on the Indonesia Stock Exchange. This study uses a causality method with a population and at the same time a sample of 43 companies by determining the sampling method using the saturated sampling method. Hypothesis testing uses panel data regression with a test tool using the E-Views application. The results showed that profitability, debt policy, collateralizable assets, and earnings per share simultaneously had a significant effect on dividend policy in banking companies listed on the Indonesia Stock Exchange. Partially, only profitability does not affect dividend policy, while debt policy, collateralizable assets, and earnings per share have a significant effect on dividend policy. Managerial ownership as a moderating variable is not able to moderate the relationship of variable profitability, debt policy, collateralizable assets and earnings per share to dividend policy. While independent commissioners as moderating variables are able to moderate the relationship of profitability, debt policy, collateralizable assets, and earnings per share to dividend policy