Company's Annual Financial Statements Research Articles

UKURAN PERUSAHAAN MEMODERASI FAKTOR-FAKTOR YANG MEMPENGARUHI TAX AVOIDANCE

This study aims to examine the effect of capital intensity, real earnings management and political connections on tax avoidance with company size as a moderating variable. This study uses a population of property and real estate sector companies listed on the Indonesia Stock Exchange. The data in this study are secondary data obtained from the company's annual financial statements in 2020 - 2022. The sampling method uses purposive sampling technique, the population that will be used as a research sample is a population that meets certain criteria. The sample of companies that met the research criteria was 28 companies. The outlier data is 10 financial statement data. This study uses multiple linear regression analysis models and Moderated Regression Analysis (MRA) analysis with the SPSS version 25 program. The results showed that capital intensity and political connections have a negative effect on tax avoidance. While real earnings management has a positive effect on tax avoidance. Company size cannot weaken the influence of capital intensity, real earnings management and political connections on tax avoidance.

Analysis Of Determinants Of Firm Value In Property And Real Estate Companies Listed On The Bei In 2019-2022

This study aims to analyze and determine the effect of profitability as measured by return on assets, solvency as measured by debt to equity ratio to company value measured by price book value. This research uses quantitative methods with secondary data sources in the form of the company's annual financial statements. The population of this study is property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The sampling technique used purposive sampling, and a sample of 37 companies was obtained. The data analysis technique uses multiple linear regression with the SPSS 25 program. The results showed that the return on assets and debt-to-equity ratio had no effect on the value of the company.

Pengaruh Profitsbilitas, Solvabilitas, Ukuran Perusahaan Dan Ukuran KAP Terhadap Audit Delay Pada Perusahaan Jasa Yang Terdaftar Di Bursa Efek Indonesia (Studi Empiris Pada Perusahaan Sektor Property Sub Sektor Property dan Real Estate Tahun 2015-2019)

This study aims to analyze the effect of profitability, solvency, firm size, and KAP size on audit delay in property and real estate sub-sector companies listed on the Indonesia Stock Exchange. The population in this study was all property and real estate companies listed on the IDX in 2015-2019. Then sampling using the purposive sampling method and obtained 14 companies. The data was secondary data in the form of annual financial statements of companies listed on the IDX during the 2015-2019 period. This study utilized multiple regression analysis. The results show that partially the profitability variable has an effect on audit delay, while the solvency variable, firm size, and KAP size have no effect on audit delay. Simultaneously, the variables of profitability, solvency, firm size, and KAP size affect audit delay. This research is expected to be useful for the property and real estate sectors.

Financial Analysis of Information Technology Investments: “Assessing Benefits through Cost-Benefit Analysis and Ranti's Generic IS/IT Business Value Approach"

Technology drives economic growth and increases industrial competitiveness and has long been recognized for its dominance of industrial productivity. PT XYZ is a company engaged in the transportation services sector in Indonesia; from 2012 to 2017, PT XYZ carried out a massive digital transformation process by investing in information technology to improve its quality. This investment includes ERP, SAP implementation and improvement, RTS implementation and improvement, web-based information technology platforms, and mobile applications. This study aims to analyze the benefits of information technology investment made in PT XYZ using secondary data from the Company's annual financial statements accessed through the Company's website. The results of this study were conducted by analyzing financial statements from 2012 to 2020 using the Cost Benefit Analysis method and Ranti's Generic IS / IT Business Value method. Based on the Analysis, investment in information technology benefits the Company without distinguishing between tangible and intangible benefits identified in the form of 8 sub-categories in 5 categories based on Ranti's Generic IS/IT Business Value.

PENGARUH PERSISTENSI LABA, INVESTMENT OPPORTUNITY SET, DAN STRUKTUR MODAL TERHADAP KUALITAS LABA PADA PERUSAHAAN SEKTOR FOOD AND BEVEREGAE YANG TERDAFTAR DI BURSA EFEK INDONESIA

The purpose of this study is to test and analyze the effect of Earnings Persistence, Investment Opportunity Set ̧ and Capital Structure on Earnings Quality directly or through earnings quality variables. Quantitative research method, with the type of secondary data source obtained from the company's annual financial statements and sampling techniques using purposive sampling. The population in this study is food and beverage sector companies in 2019-2022 with a total population of 88 companies. The results of this study show that Earnings Persistence has no effect Earnings Quality, Investment Opportunity Set has a positive effect on Earnings Quality, Capital Structure has a positive effect on Earnings Quality, and Profit Persistence, Investment Opportunity Set, and Capital Structure simultaneously effect Earnings Quality.

Corporate Governance Mechanism and Financial Ratios on the Indonesia Stock Exchange: How do they Affect Financial Distress?

Aims: The purpose of this study was to determine the effect of institutional ownership, board of directors, audit committee, company size, and sales growth on financial distress.
 Study Design: The population of this study consisted of 41 retail subsector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The total observation data is 164 and obtained 64 data samples that meet the criteria and 100 data samples that do not meet the criteria (Loss, Gray Area, Incomplete variables). This research data comes from the company's annual financial statements.
 Methodology: The data collection method is purposive sampling and the analysis technique is model fit test, coefficient of determination test, and logistic regression. Financial distress is calculated using the Altman Z-Score calculation, and hypothesis testing is tested using the SPSS 26 analysis tool.
 Results: The results showed that good corporate governance proxied by the board of directors and audit committee has no effect on financial distress, while institutional ownership affects financial distress. Company size variables affect financial distress. While sales growth has no effect on financial distress.
 Conclusion: Based on this study, it is known that institutional ownership has an effect on financial distress, meaning that the greater the percentage of institutional ownership will reduce the possibility of the company experiencing financial distress. The board of directors has no effect on financial distress, meaning that the number of directors in a company does not affect the occurrence of financial distress. The audit committee has no effect on financial distress, meaning that the number of audit committee members is not able to reduce the problem of financial distress. Company size has an effect on financial distress, meaning that a higher total asset value owned by company would reduce the probability of financial distress. Sales growth has no effect on financial distress, meaning that the high or low level of sales growth does not reflect that it can be followed by an increase in profits earned by the company. To avoid financial distress, it is done by higher percentage of institutional ownership, as well higher total asset value owned by the company properly.

The Impact of Capital Structure, Investment Growth, and Liquidity on Financial Performance of Automotive Companies and Its Components on The Indonesia Stock Exchange (2018-2022)

Purpose: This study analyzes the influence of capital, investment, and liquidity structures on the financial performance of automotive companies and their components listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022.
 Research methodology: Multiple regression analysis was used and data were obtained from the company's annual financial statements from 2018 to 2022. The findings of this study are expected to provide important insights for financial managers and stakeholders in managing company finances, and serve as a reference for investors and creditors in evaluating the financial performance of a company.
 Results: The results show that capital structure has a significantly positive effect on financial performance, while investment and liquidity do not significantly affect financial performance.
 Limitation: The study's limitation is that it focuses solely on automotive companies listed on the Indonesia Stock Exchange during the specified timeframe.
 Contribution: The study's contribution is that it provides empirical evidence regarding the impact of capital structure, investment growth, and liquidity on financial performance in the Indonesian automotive industry, which can inform future research and practical applications in this context.
 Implementation: Capital structure refers to the combination of debt and equity used to finance a company's operations, whereas investment refers to the use of funds or fixed assets to increase the value of the company's products. Liquidity refers to the ability of a company to meet its financial obligations in a timely manner. Multiple linear regression analysis was used in this study, and a sample of 15 companies was selected using purposive sampling.

The Effect of Tax Planning and Company Size on Earnings Management on Manufacturing Listed in Indonesia Stock Exchange

This study aims to analyze the effect of tax planning and company size on earnings management. The data used in this study are the company's annual financial statements with a total sample of 41 samples taken from the annual financial statements of health subsector companies listed on the Indonesia Stock Exchange for the 2019-2021 period. The analysis used is descriptive statistical analysis and multiple linear regression analysis. The results showed that tax planning has no significant effect on earnings management while company size has a significant effect on earnings management. Simultaneously, tax planning and company size have a significant effect on earnings management.

Intellectual capital efficiency and competitive advantage of firms: an empirical analysis

This paper empirically tests the strategic importance of intellectual capital for firms and assesses its impact on their market returns. The study builds on the premise that intellectual capital provides a firm competitive advantage over other firms, which then translates into superior market returns. The sampling frame for the study constitutes of Indian firms listed on the Bombay Stock Exchange’s index for medium-sized companies (BSE Midcap). Accordingly, seven-year data is drawn from authentic sources such as the Prowess-IQ database of the Centre for Monitoring Indian Economy (CMIE) and the company annual financial statements. For ascertaining the extent of the intellectual capital efficiency of firms, the Value-Added Intellectual Coefficient (VAIC) model, first proposed and conceptualized by Ante Pulic has been adopted in this study. The excess rate of return that a firm earns above the average rate of return prevalent in the market, alpha (α), is used as an indicator of the firm’s competitive advantage and a measure of superior performance in the market. Results of the analysis provide irrefutable evidence in support of the fundamental premises and affirm that intellectual capital is the root of competitive advantage, which bestows a firm with higher-than-normal returns on investments.

Corporate Governance Memoderasi Pengaruh Manajemen Laba Riil terhadap Nilai Perusahaan

This study aims to examine the effect of real earnings management moderated by corporate governance with five indicators, namely managerial ownership, independent commissioners, institutional ownership, audit committee and leverage on firm value. The population used in this study were all manufacturing companies listed on the Indonesia Stock Exchange in 2018-2021. The sampling technique in this study used purposive sampling method, obtained 72 samples in the study from 217 companies from 2018-2021. The data used in this study are secondary data obtained from the company's annual financial statements published by the Indonesia Stock Exchange (IDX) and can be accessed through the website www.idx.co.id. The analysis method used is the SEM-PLS test method using SmartPLS software version 4.0. The results showed that real earnings management has a negative and significant effect on firm value and corporate governance does not weaken the effect of real earnings management on firm value.

Pengaruh Struktur Modal, Ukuran Perusahaan, Dan Profitabilitas Terhadap Harga Saham Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2019: Studi Kasus Universitas Indo Global Mandiri

The objectives of this study are to analyze the effect of capital structure, company size, profitability on stock prices in food and beverage companies listed on the Indonesia Stock Exchange in 2015-2019. Data obtained from the company's annual financial statements. The sample in this study amounted to 13 companies. Furthermore, the data were tested using multiple linear regression. The evidence from this study suggests that the capital structure, company size, profitability have a positive effect on the company's stock price. This study is useful for food and beverage companies listed on the Indonesia Stock Exchange to increase their share price. Companies can consider their capital structure, company size, and profitability. Keywords: capital structure, company size, profitability, stock prices, food and beverage companies.

The Effect of Foreign Ownership, Capital Intensity and Transfer Prices on Tax Avoidance with Company’s Size as Moderator (Case Studies of Industrials Companies Listed on The Indonesian Stock Exchanges For the 2016-2021)

The research is about to test and analyze the impact of foreign ownership, capital intensity, and transfer prices on tax avoidance and to test and analyze the impact of companies' size in moderating foreign ownership, capital intensity, and transfer prices on the tax avoidance listed in the Indonesian stock exchange. Variables used in this study are foreign ownership, capital intensity, and transfer prices as independent variable, tax avoidance as a dependent variable, and company size as a moderate variable. Selection of samples in this study used a factoring method to the established criteria, allowing 27 companies to acquire six years, the total sample used is 162 data. The type of data used is a secondary data obtained from the company's annual financial statements of 2016-2021. The method of data analysis used are panel data analysis, descriptive statistic analysis, classic assumptions test, multiple and moderate regression tests, and hypothetical testing with the help of Eviews 12. Purpose – The objective to be achieved in this study are as follows (1) To test and analyze the effect of foreign ownership on tax avoidance. (2) To test and analyze the effect of capital intensity on tax avoidance. (3) To test and analyze the effect of transfer prices on tax avoidance. (4) To test and analyze whether company size moderates foreign ownership against tax avoidance. (5) To test and analyze whether the size of the company moderates the capital intensity against tax avoidance. (6) To test and analyze whether the size of the company moderates the transfer price against tax avoidance. Design/methodology/approach – This research method used is a quantitative method. Findings – The results of the research: (1) Foreign ownership has a positive effect on tax avoidance; (2) Capital intensity negatively affects tax avoidance; (3) Transfer prices negatively affect tax avoidance; (4) Company size weakens the influence of foreign ownership on tax avoidance; (5) Company size weakens the effect of capital intensity on tax avoidance; (6) Company size weakens the effect of transfer pricing on tax avoidance. Research limitations/implications – (1) There are some companies that display the details of their company's share ownership, but for foreign shareholding, many companies do not have foreign shares and do not even display details. (2) Not many companies display related receivables on assets, making it difficult for researchers to calculate transfer prices. (3) The results of this study show that not all variables have a positive and significant effect, where there is a possibility of human error at the time of data tabulation. Practical implications – Foreign ownership, capital intensity and transfer prices are among the factors influencing tax avoidance. Companies that have foreign ownership will influence the company's policy regarding tax avoidance, the greater the portion of foreign ownership in the company the more it will avoid taxes because foreign shareholders who dominate an issuer will influence management in determining policies that will benefit them such as the company's policy to pay taxes. The higher the intensity of fixed assets owned by the company, the higher the possibility of the company to avoid taxes by utilizing depreciation expenses that will affect tax payments and companies that transfer profits to affiliates located in other countries that have smaller rates or even do not charge tax rates by taking advantage of loopholes in tax regulations.

Effect of Return on Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER), Current Ratio (CR), Net Profit Margin (NPM) and Earning Per Share (EPS) on Stock Prices

The purpose of this research is to examine and verify the impact of Return on Assets, Return on Equity, Debt to equity ratio of manufacturing companies, current ratio, net profit margin, and earnings per share related to stock prices focusing on the cement subsector and listed for 2016– 2021 on the Indonesia Stock Exchange. The sample analysis carried out in this study involved 5 companies, with observations made for 6 years from 2016 to 2021. The data used came from secondary sources, namely the company's annual financial statements downloaded from the IDX's official website. The research strategy for data analysis is multiple linear regression. The results of the study show that individually, Earning Per Share has an influence on stock prices, but Return on Assets, Return on Equity, Debt to Equity Ratio, Current ratio, net profit margin, and stock prices do not seem to be connected

Pengaruh Inflasi, Suku Bunga, Profitabilitas, Solvabilitas Terhadap Harga Saham LQ45 yang Terdaftar di BEI Periode 2017-2021

This study aims to determine how the effect of inflation, interest rates, profitability, and solvency on stock price of companies LQ45 listed on the IDX for the 2017-2021 period. The research population is taken from the annual financial statements of companies listed in the LQ45 index for the 2017-2021 period on the Indonesia Stock Exchange is 45 companies. The number of samples in this study consisted of 19 companies using a purposive sampling technique. Hypothesis testing using a panel data regression with Random Effect to model the statistics, using Eviews 10 in processing the data. Statistical analysis was used in this study namely panel data regression, for hypothesis testing, namely the F test and t test. Based on the results of the F test, it states that the Inflation, Interest Rate, Profitability (ROE), and Solvency (DER) have a positive effect on stock price of LQ45. The results of the t-test state that inflation has a positive and significant effect on stock prices. Meanwhile, interest rates, profitability, and solvency have no significant effect on stock prices.

IMPACT OF DEPRECIATION EXPENSES ON FINANCIAL PERFORMANCE OF COMPANIES

A company’s or enterprise’s financial performance can be analysed by the obtained net results of current year. It is not significant because it always takes the profit taxes and the financial elements. The enterpice’s actual effort is difficult to ascertain in few cases. The results of an enterprise’s financial and business performance is always dependent on the companies fiscal and financial policy, but it also takes in account depreciation, amortization and provisioning policy and also the important one the inventory valuation methods. The main question for the enterpreneurs and owners is that ‘’ which depreciation method is effective and efficient? Will this effect their profitability?. From the view point of my research paper I would propose the ‘methods of depreciation’ the fixed assets & comparing it with the financial performances of the companies, specially on the results. In this research paper, I have primarily used the empirical data collected from various sources for my research value, from studies, stastical yearbooks, literacture, annual financial statements of companies.

Analisis Pengaruh Hasil Investasi Terhadap Laba Perusahaan Asuransi Jiwa Syariah di Indonesia

This study aims to determine the effect of investment returns on profits of Islamic life insurance companies in Indonesia. This study consists of the investment return variable as the independent variable and company profit as the dependent variable. The data analyzed are the company's annual financial statements for the period 2017 to 2022. The results showed that investment returns show a value at an alpha coefficient of 5% (t-stat = 2.498 > 1.667) and prob. 0.015 <0.05. So based on the research results show that the hypothesis is accepted, namely investment results have a significant effect on net income at PT. Sharia Life Insurance Period 2017-2022.

ANALISIS PENGAKUAN PENDAPATAN BERDASARKAN PSAK NOMOR 72 PADA PT. ISRA PRESISI INDONESIA Tbk

Revenue is one of the signs of profit in a company. This study aims to determine whether the accounting practices in revenue recognition at PT Isra Presisi Indonesia are in accordance with the Statement of Financial Accounting Standards (PSAK) Number 72 or not. This research is included in the type of quantitative research with a descriptive approach. The data used is secondary data in the form of the company's annual financial statements obtained from the Indonesia Stock Exchange (IDX) website. Based on the results of the study, it is found that revenue recognition at PT Isra Presisi Indonesia is in accordance with the Statement of Financial Accounting Standards (PSAK) Number 72.

Mengapa Perusahaan Manufaktur Di Indonesia Melakukan Keputusan Hedging?

Purpose: This study aims to examine the factors that influence manufacturing companies in Indonesia to make hedging decisions Methodology/approach: The study selected 179 companies as the population and 124 companies as a sample. The analysis unit used is a manufacturing company listed on the Indonesia Stock Exchange for the 2018-2020 observation year, so that the observation unit amounted to 372 observations. The study sample was selected using a simple random sampling technique. The source of this research data is secondary data obtained from the publication of the company's annual financial statements and analyzed using logistic regression. Findings: The results showed that growth opportunities and financial leverage are factors that motivate company managers to make hedging decisions, while likiudity is a factor that mitigates managers to make hedging decisions. On the other hand, cash flow volatility is a factor that is unable to explain hedging decisions. Practical implications: Practical implications in this study suggest that when making hedging decisions, manufacturing company managers should consider factors that influence hedging decisions, namely growth opportunities, financial leverage, and liquidity. Additionally, investors and creditors should also take into account variables or factors that influence manager decisions on hedging before deciding to invest or provide loans. Originality/value: This study used simple random sampling techniques in determining research samples, in contrast to previous studies that used purposive sampling techniques. This aims to overcome the weaknesses of purposive sampling techniques that are not able to generalize results of study to the entire population.

Pengaruh Solvabilitas Dan Laba Operasi Terhadap Kecenderungan Audit Delay Dengan Struktur Kepemilikan Manajerial Dan Ukuran Perusahaan Sebagai Pemoderasi

Abstract This study aims to prove (1) the effect of solvency on audit delay, (2) the effect of operating profit on audit delay, (3) managerial ownership structure can moderate the effect of solvency on audit delay, (4) managerial ownership structure can moderate the effect of operating profit. has an effect on audit delay, (5) firm size can moderate the effect of solvency on audit delay, and (6) firm size can moderate the effect of operating profit on audit delay. To achieve the research objectives, the research design used is causal quantitative by using secondary data obtained from the company's annual financial statements. The population of this research is all companies in the Property, Real Estate and Building Construction sector on the Indonesia Stock Exchange as many as 65 companies. The sampling technique in this study used purposive sampling with a total sample of 35 companies. The data analysis technique used is moderated regression analysis. The results show that (1) solvency has a positive effect on audit delay, (2) operating profit has a negative effect on audit delay, (3) managerial ownership structure can moderate the effect of solvency on audit delay, (4) managerial ownership structure can moderate the effect of earnings. operations affect audit delay, (5) firm size can moderate the effect of solvency on audit delay, (6) firm size can moderate the effect of operating profit on audit delay. Keywords : solvency, operating profit, managerial ownership, firm size, audit delay

Implementation of Good Corporate Governance and Tax Planning On Company Value

The objective of this study to identify Good Corporate Governance and Tax Planning on Firm Value using secondary data taken from the annual financial statements of companies listed on IDX during the 2017-2020 period. The method in this study is purposive sampling, which consists of 11 companies that have been selected for sample. Independent variables in this study are managerial ownership, institutional ownership, independent board of commissioners, audit committee, tax planning. Dependent variable use in this study is firm value. The data analysis method used multiple linear regression using SPPS 25 software with a significant level of 0.05. The results of this study indicate that managerial ownership and institutional ownership have a positive effect on firm value, the board of commissioners has a negative effect on firm value, audit committees and tax planning have no effect on firm value.