PENGARUH LEVERAGE, SIZE, LIKUIDITAS, ARUS KAS OPERASI TERHADAP REVALUASI ASET TETAP

Abstract

The aim of this study are to prove empirically the effect of leverage, size, liquidity and operating cash flows of the fixed asset revaluation. The research is using sample from all non financial companies, which doing revaluation asset during 2012-2015 through registered company in Indonesian Stock Exchange by upward revaluation category. This research is using Path analysis (PLS) without requiring the classical assumption test and normality. The results showed that the leverage effect on the revaluation of fixedassets, it is proved that high leverage is reason for the company to decided doing the revaluation of fixed assets, the large company is tend want to show decrease the earnings report to reduce the political cost, assets revaluation would caused recalculate value of depreciation to increase expense and to reduce company profits. Cash flow operation affected the revaluation of fixed assets to company needs to be able to paid obligations and assets revaluations required a large fund for appraisal services, audit fee and tax final payment. Whereas, for the liquidity is found did not effect to fixed asset revaluation, hight cost to assets revaluation and low liquidity is not reason for the company to choose the revaluation model. In during four years of research found that the asset revaluation model which reported in Other comprehensive income is growing and expected to make the financial report advantages and high quality increase through reported by fair value in the financial report.