Annual Reports Of Companies Research Articles

Analisis Faktor-Faktor yang Mempengaruhi Peringkat Sukuk di Indonesia

Objectives: This study aims to analyze the factors that affect the ranking of sukuk. This analysis is useful for optimizing sukuk investment decision-making. Design/method/approach: This quantitative research uses data from the annual reports of companies with sukuk and sukuk rating reports. The sample is 90 sukuk companies listed on the Indonesia Stock Exchange and still outstanding during the 2021-2023 period, so 270 data were obtained. The data were analyzed with panel data regression analysis on SPSS software.Results/findings: The results show that the size of the board of commissioners and sukuk type have a positive influence on the sukuk rating, the leverage variable has a negative influence on the sukuk rating. Variables that have no influence on the sukuk rating are the number of audit committees and asset growth.Theoretical contribution: The findings of this research can improve the understanding in the field of financial accounting and become a reference for conducting further research on sukuk rating.Practice/policy contribution: This study offers investors guidance on the key factors influencing sukuk ratings, which serve as a basis for sukuk investment.Limitations: The years observed in this study are limited from 2021 to 2023. In addition, the research object only focuses on the sukuk of companies listed on the Indonesia Stock Exchange

The Moderation of Financial Discernment In Analyzing The Effect of Audit Opinion, Management Change, and Audit Delay on Voluntary Auditor Switching In Banking Companies Listed on The Indonesia Stock Exchange

In Indonesia, the development of public companies is one of the influencing factors for the emergence and development of the public accounting profession. This study aims to analyze the influence of audit opinions, management changes, and audit delays on voluntary auditor switching by moderating the variables of financial difficulties. This study is focused on banking companies listed on the Indonesia Stock Exchange (IDX) for a certain period. The research method uses moderation regression analysis with secondary data obtained from the company's annual report. The results show that audit opinions and audit delays have a significant influence on voluntary auditor switching. The change of management did not show a significant influence on the decision to replace the auditor. In addition, the variable of financial difficulties moderated the relationship between audit opinions and voluntary auditor switching, but did not moderate the relationship between audit delay or management change and voluntary auditor switching. These findings provide important insights for banking companies in making strategic decisions related to the selection of external auditors and financial management.

The Effect of Liquidity, Profitability, and Capital Structure on Firm Value with Firm Size as a Variable

This study investigates the influence of liquidity, profitability, and capital structure on firm value, with firm size serving as a moderating variable in financial sector companies listed on the Indonesia Stock Exchange. Liquidity is measured using the current ratio, profitability by the return on assets, and capital structure by the debt-to-equity ratio. Firm size is quantified using the natural logarithm of total assets, while firm value is determined through the price-to-book value obtained from financial statements and annual reports. Employing a quantitative research approach, the study focuses on financial sector companies listed on the Indonesia Stock Exchange. The sample comprises 57 companies selected through purposive sampling over a four-year period, resulting in 228 data points. Secondary data were collected using documentation techniques, sourcing financial reports and company annual reports from the official Indonesia Stock Exchange website (www.idx.co.id) and individual company websites. Data analysis was conducted using panel data regression analysis and moderation regression analysis (MRA) with EViews version 11. The results indicate that liquidity, profitability, and capital structure positively and significantly influence firm value, with firm size further enhancing these effects. Highlighting these findings, the study underscores practical implications for stakeholders, including investors and financial managers, in optimizing firm performance and value creation.

The Influence of Environmental Performance and Corporate Reputation on Financial Performance with Corporate Social Responsibility as an Intervening Variable

This study aims to examine the impact of environmental performance and corporate reputation on financial performance, with Corporate Social Responsibility (CSR) serving as an intervening variable. CSR, which reflects a company's social responsibility, is suspected of acting as a bridge that strengthens the relationship between environmental performance, corporate reputation, and financial performance. In the highly competitive business era, environmental performance and corporate reputation, particularly in achieving optimal financial performance, are important factors that influence a company's success.The study uses secondary data from the annual reports of companies listed on the Indonesia Stock Exchange (IDX) and employs path analysis to test the causal relationships between variables. The results show that environmental performance and corporate reputation have a positive influence on financial performance, both directly and through CSR as an intervening variable. These findings provide important implications for company management to pay more attention to environmental and social aspects in their business strategies to sustainably improve financial performance

Board Characteristics and Financial Statement Fraud: Evidence from Indonesian Public Companies

The ineffectiveness of the corporate governance structure as a monitoring mechanism is identified as one of the causes of financial statement fraud. This implies that the implementation of good corporate governance can mitigate financial statement fraud. In the governance structure, the board plays an important role in supervising the company's activities. Effective oversight helps the company to conduct its business properly and prevent the perpetration of fraud. The aim of this study is to identify weather board characteristics can mitigate financial statement fraud in public companies in Indonesia. This study investigates financial statement fraud with the financial shenanigans’ ratios: Days' Sales Outstanding Growth (DSOG), Cash Flow from Operating Divided by Net Income (CFFONI) and Accounts Receivable Divided by Sales (ARSAL), while board characteristics is measured by board size, board independence, and frequency of board meetings. This study was analyzed using multiple linear regression methods to test three hypotheses and three measures of financial statement fraud. The data processed and analyzed are derived from the annual reports of public companies in the non-financial sector industry listed on the Indonesia Stock Exchange (IDX) with a total sample size of 733. The study findings suggest that board characteristics play an important role in conducting effective oversight to reduce the likelihood of financial statement fraud.

A quantitative analysis of level of sustainability disclosure in corporate annual reports of Indian companies

The importance of corporate sustainability disclosure is growing because of social and environmental concerns. Rapid urbanization and industrialization in India have caused serious problems with the quality of air and water. This study examines the level of sustainability disclosure in the annual reports of Indian companies, focusing on environmental, social, and economic commitments in line with frameworks like GRI and BRSR-SEBI. The objective of the study was to examine the degree to which businesses in India publish information about their sustainability policies and efforts in their annual reports. A multistage sampling technique was used to sample the top 50 Indian companies covering the 2021–2022 fiscal year from 11 sectors. Descriptive and content data analysis techniques were employed using mean, median, and standard deviation. Findings revealed that the Global Reporting Initiative (GRI) is the most widely adopted framework, followed by the International Integrated Reporting Council (IIRC). Furthermore, almost all the companies practiced environmental disclosure, particularly greenhouse gas emissions and climate impact and energy usage. The study concluded that sustainability disclosure varies across different sectors and Indian corporations. The study recommended strengthening the adoption of standardized reporting frameworks like GRI, IIRC, and BRSR-SEBI through regulatory incentives or rules that emphasize their benefits. Furthermore, it was recommended that Indian companies should include external certifications and recognitions in their annual reports to demonstrate their commitment to sustainability and enhance the credibility and transparency of their sustainability reporting.

Forecast modeling of the dynamics of main resources and construction of a simulation system for managing the activities of the regional energy system of the Samara region

Regional energy systems are complex dynamic systems that operate in conditions of constant changes in the external environment. In this regard, the task of developing complex management decisions and conducting a systemic analysis of the efficiency of its activities arises. To solve this problem, it is necessary to improve the mathematical models of the dynamics of capital, labor and fuel resources, since they have the greatest impact on the energy output of the energy system. The paper analyzes existing methods of mathematical description of the dynamics of basic resources and their shortcomings. The paper considers covariance-stationary models of time series in the form of difference equations with a deterministic polynomial trend. The paper presents the results of mathematical modeling of the dynamics of capital, labor and fuel resources based on statistical data on the activities of the energy system of the Samara Region, published in the annual reports of regional ministries and energy companies, and conducts a statistical analysis of them. Based on a comparative analysis of mathematical models, the most effective models of the dynamics of capital, labor and fuel resources with the best predictive qualities were selected. Also, in the work, a single-loop simulation model of the energy system management system was constructed by forming investments for the renewal of capital resources and the structure of the decision support system (DSS) was developed, allowing the formation of mathematically sound management decisions.

Licence to operate: The institutionalisation of Australian company annual reports, 1910–2018

Annual reports are crucial for corporate accountability, and for firms to obtain their social licence to operate. Although research has identified the internal company drivers of annual reporting, we know less about the way Australian annual reports developed as a long-term, collective practice. Through a historical, cross-sectional content analysis, this article examines the impact of external institutional pressures on the annual reports of large Australian corporations. Interpreting the results with new institutional theory (NIT), I find that coercive pressure from company regulations and societal expectations, and normative pressures from the accounting profession, have improved standards of corporate accountability. Simultaneously, normative pressures encouraged companies to use annual reports for corporate public relations. This has contributed to annual reports that are homogenous in content but with conflicting audiences and objectives. The analysis highlights the institutionalisation and historical path dependencies of annual reports and contextualises current concerns over disclosure quality and transparency.

The effect of board of director diversity on company performance and the mediating role of director remuneration: Malaysia public companies’ evidence

Introduction: The board of director diversity plays a critical role in developing strategic options to improve company performance. The appropriate remuneration package for the director might bridge between the effectiveness of diversity of board and enhancing company performance.Objective: The study aims to examine the effect of board of director diversity on company performance, with a particular focus on the mediating role of director remuneration. Methodology: The nature of the study is quantitative. The current study focuses on the Malaysia public listed companies. The study used panel data from period 2015 to 2021 using secondary data which extracted from Bloomberg database and company annual report. The study utilized 601 sample observation. Result: Data was analysed through Stata software and the findings reveal a significant positive relationship between board diversity (gender, ethnicity, tenure) and company performance measured by Economic Value Added (EVA) and Environmental, Social and Governance (ESG) scores. Additionally, director remuneration is found to significantly mediate the impact of board diversity on EVA, although its mediation effect of ESG performance is less pronounced. These results highlight the importance of fostering diverse boards and implementing fair remuneration practices to enhance both financial and non-financial performance in companies. Conclusion: this study provides valuable insights for policymakers, stakeholders and investors aiming to improve corporate governance practices in Malaysia public listed companies

Biological Asset Accounting Implementation Based on Psak No. 69

The purpose of this study is to analyze the implementation of biological assets, productive crops and fair value hierarchies in Agricultural Sector Companies listed on the Indonesia Stock Exchange. The methodology used here is qualitative, including studies on the annual reports of agricultural sector companies in Indonesia. The paper finds that the majority of Agricultural sector companies in Indonesia have implemented PSAK 69 regarding biological assets, PSAK 16 regarding productive crops and PSAK 68 regarding fair value. It can be a guideline for the application of biological assets, productive crops, the application of fair value for other agricultural sector companies. This study used PSAK 69 which was effective as of January 1, 2022 and the content was the same as PSAK 69 which was effective as of January 1, 2018. The implementation of the use of financial standard No. 69 is to produce quality financial reports. Companies make financial reports by referring to accounting standards in order to produce financial reports that can provide reliable, relevant, comparable and comparable information. Thus, the quality of financial reports is getting higher.

Kualitas Laporan Keuangan Ditinjau dari Enterprise Risk Management

Financial reports play a crucial role for external parties in monitoring company performance, tracking growth, and evaluating achievements. However, pressure to make reports appealing to prospective investors and stakeholders often leads to financial statement manipulation. Stakeholder theory asserts that financial reports are needed by various parties to assess company operations and aid in investment decision-making. Nevertheless, this manipulation can result in a mismatch between external expectations of neutral reports and company practices of embellishing financial statements. This study aims to provide a deeper understanding of how Intellectual Capital, Sustainability Reports, and Tax Planning affect the quality of financial reports, moderated by Enterprise Risk Management, in the transportation and logistics sector companies listed on the Indonesia Stock Exchange (BEI) from 2019 to 2023. A causal-comparative method is employed with a quantitative approach and data collection from company financial reports and annual reports from 2019 to 2023. Moderated Regression Analysis (MRA) using Eviews 13 is the data analysis technique utilized. The research findings indicate that Intellectual Capital, Sustainability Reports, and Tax Planning influence the quality of financial reports. However, Enterprise Risk Management only moderates the influence of Sustainability Reports, weakening their impact on financial report quality, but not that of Intellectual Capital and Tax Planning.

The Effect of Structural Capital, Working Capital Management and Earnings Management on Financial Distress

This study examines the effect of structural capital, working capital management, and earnings management on financial distress. The data used comes from the annual reports of retail companies, which were selected using the purposive sampling method. Multiple linear regression analysis was used to test the hypothesis. The results of the study indicate that earnings management has no effect on financial distress, but structural capital and working capital management have a positive effect on financial distress. These results support the resource-based theory, which states that company resources are unique and essential to achieving sustainable competitive advantage so that companies can identify key resources, innovation, differentiation through unique resources, and company reputation. However, if not done correctly, it will increase costs and bring the company into a state of distress. Further research is also expected to elaborate several theories that can support the results of the study. The results of this study can provide insight for companies in designing strategies to manage resources efficiently, reduce the risk of financial distress, and improve financial performance

The Effect of Thin Capitalization, Tunneling Incentive, Exchange Rate, Foreign Ownership, and Effective Tax Rate on Transfer Pricing

This research aims to test and find empirical evidence of the influence of Thin Capitalization, Tunneling Incentive, Exchange Rate, Foreign Ownership, and Effective Tax Rate on transfer pricing. The type of data used is secondary data in the form of annual reports of companies listed on the Indonesia Stock Exchange. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange in 2016-2023, and the sampling technique used was the purposive sampling method and obtained a total of 128 manufacturing companies listed on the Indonesia Stock Exchange in 2016-2023. The analysis technique used is panel data regression analysis, previously a panel data estimation test, Chow test, Hausman test and Lagrange Multiplier (LM) test will be carried out to determine the model approach that will be used between common effects, fixed effects and random effects. Next, a hypothesis test is carried out to answer the hypothesis that has been formulated using the Partial Test and Coefficient of Determination (R2).

The Impact of Environmental Performance, Green Accounting, And Corporate Social Responsibility (CSR) on Financial Performance

This study aims to test and find empirical evidence on the impact of environmental performance, green accounting, and Corporate Social Responsibility (CSR) on financial performance. The type of data used is secondary data in the form of annual reports of health service companies listed on the Indonesia Stock Exchange in 2018-2023. The dependent variable in this study is financial performance, while the independent variables consist of environmental performance, green accounting, and Corporate Social Responsibility (CSR). The analysis technique used is the classical assumption test consisting of the normality test, multicollinearity test, autocorrelation test heteroscedasticity test, and hypothesis testing including multiple linear regression, individual parameter significance test (t-test), simultaneous significance test (F test) and coefficient of determination. The sampling technique was carried out using a purposive sampling method, obtaining as many as 30 health service companies registered on the IDX in 2018-2023. The results of this study indicate that environmental performance affects financial performance, green accounting affects financial performance, while Corporate Social Responsibility (CSR) does not affect financial performance.

Responsible gambling disclosure strategies of four Nordic state‐owned gambling companies

AbstractThe objective of this paper is to examine the responsible gambling (RG) disclosure strategies employed by four Nordic state‐owned gambling companies, each selling products with addictive potential. RG disclosures are used by the gambling industry to proclaim responsibility and interest in gambling harm. Data drawn from company annual reports underwent qualitative content analysis. The analysis based on categories established by Leung and Snell in 2021 revealed four disclosure strategies: assertive façade, defensive façade, disclaiming, and ethical reflexivity. All companies employed an assertive strategy, offering detailed accounts of their RG measures, including initiatives such as care calls to customers. The companies often adopted a defensive strategy, characterized by vague and generalizing language in describing their RG activities. Three companies occasionally adopted a disclamation strategy, presenting RG as a cost. Ethical reflexivity, which involves acknowledging responsibility for gambling harm, was a disclosure strategy seldom chosen by the companies. Although variations exist in the disclosure strategies among the companies, overall, the companies strived to project a positive image. The conclusion suggests that endorsing RG as a legitimate harm prevention approach may mask the inherent conflicts of interest between gambling companies and advocates of harm prevention.

Investment Strategies Under International Financial Markets Research Paper - Tesla as a Case in Point

Lately, the advancement of energy-efficient energy solutions has emerged as a significant and hopeful trend in the market, aimed at enhancing environmental protection, attaining zero transportation emissions, and diminishing reliance on oil. The electric vehicle (EV) sector is expanding swiftly, driven by robust policy initiatives in several nations, notably China. The year 2022 saw China's electric vehicle sales representing 61.2% of worldwide EV market. Nonetheless, the market's complexity has escalated due to ongoing market growth, technological advancements, and frequent policy shifts. Consequently, forecasting the EV industry's future trajectory and pinpointing projects with enduring investment worth presents a challenge. Nonetheless, this paper investigates Tesla's capacity for sustainable growth as a frontrunner in the industry. The document outlines the prospects and hurdles in the electric vehicle sector, examining its financial success, operational efficiency, solvency, and growth potential as per TESLA's fiscal reports spanning 2020 to 2022. Concurrently, an analysis and comparison were conducted on the financial records of industry giants BYD and SAIC, along with an examination of their prospects and obstacles in China. The primary technique employed in this financial analysis article is ratio analysis, sourced from the company's annual report for computation. Research indicates that Tesla's diverse aspects of financial analysis lead to the conclusion of its potential as a company.

Profitability, Solvency, and Liquidity: A Comparison between Multinational and Domestic Companies in the Industrial Sector, IDX

Multinational and domestic companies possess distinct operational characteristics and financial strategies, influenced by their access to global markets and ability to manage market risks. This study aims to analyze the differences in profitability (ROE), identify solvency differences (DER), and assess liquidity differences (CR) between multinational and domestic companies. Utilizing a quantitative descriptive approach and a comparative research type, the study samples were determined through purposive sampling methods. Secondary data were derived from the annual reports of multinational and domestic companies in the industrial sector listed on the Indonesia Stock Exchange (IDX) over a five-year period (2019–2023), totaling 40 research samples. Data analysis was conducted using the Independent Sample T-Test comparative test. The findings reveal significant differences in solvency and liquidity variables between multinational and domestic companies. The higher solvency and liquidity levels of multinational companies allow them to better manage risks and shocks in global markets. Conversely, domestic companies show lower solvency and liquidity levels due to limited access to global markets. Meanwhile, the profitability (ROE) variable does not show a significant difference, even though the profitability level of multinational companies tends to be higher than that of domestic companies.

Pengaruh Net Profit Margin, Debt Equity Ratio dan Current Ratio Terhadap Harga Saham Perusahaan Sektor Kesehatan yang Terdaftar di Bursa Efek Indonesia Tahun 2020 – 2023

This study is based on the large public attention to investment, especially to investment instruments such as stocks. In addition, the trend of a healthy lifestyle that is currently popular and the health transformation carried out by the government make the shares of health sector companies interesting to pay attention to. This study was aims to analyze and determine the effect of Net Profit Margin (NPM), Debt to Equity Ratio (DER) and Current Ratio (CR) simultaneously or partially on stock prices. The research method used in this study is a quantitative research method. The population used in this study were companies in the health sector listed on the Indonesia Stock Exchange in 2020-2023. There are 33 companies in the health sector listed on the Indonesia Stock Exchange. The sampling technique in this study used a purposive sampling technique with the number of selected company samples being 11 companies. The data used in this study are secondary data from financial data on the Indonesia Stock Exchange contained in the company's annual report. The variables tested in this study are Net Profit Margin (NPM), Debt to Equity Ratio (DER), Current Ratio (CR) and stock price. The data collection technique used in this study uses documentation techniques from the company's annual financial report. The data analysis technique used in this study is multiple linear regression.The results of this study show that Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Curretn Ratio (CR) Simultaneously have a significant effect on stock prices. Partially, Net Profit margin (NPM) and Debt to Equity Ratio (DER) partially does not have a significant effect on stock prices. Meanwhile, Current Ratio (CR) partially have a significant effect on stock prices.

Pengaruh Struktur Kepemilikan dan Profitabilitas terhadap Manajemen Laba pada Consumers Cyclical Industry

Publication and disclosure of information to the general public are of particular concern to management because the company wants to show good performance and image that will have a long-term impact on the company. The component in the financial report that is first highlighted by stakeholders is related to profit. Thus, companies often take profit management actions only to manipulate profits as a reflection of good company performance. Many factors influence companies to carry out profit management such as ownership structure and company profitability. The study aims to examine the effect of managerial ownership, institutional ownership, and profitability on profit management in the non-primary goods industry listed on the IDX in 2018-2022. The sample uses data from 47 companies from a total population of 151 companies. The study uses descriptive statistics with quantitative methods. So, this study is a secondary study because the data used in the study uses data from the company's financial statements and annual reports. Sampling using purposive sampling because there are established criteria. The results of the study state that there is a significant influence of managerial ownership and institutional ownership on profit management. Meanwhile, the profitability variable does not have a significant influence on profit management.

IDX Food and Beverage Companies Financial Reporting Timelines: Do Profitability, Auditor Opinion, and Company Size Play a Role?

This study aims to analyze the effect of profitability, auditor's opinion, and company size on the timeliness of financial report submissions in companies listed on the Indonesia Stock Exchange (IDX) from 2021-2023. The financial report submission timeline is one of the important components in information disclosure that can influence investment decisions and market confidence. Profitability is measured using Return on Assets (ROA), the auditor's opinion is seen based on the type of audit opinion given, and company size is measured from total assets. This study uses a quantitative method with a multiple regression approach. The research sample consisted of 12 Food and Beverage companies listed on the IDX during the period studied, which were selected using a purposive sampling technique. Secondary data from financial reports and company audit opinions were taken from the official IDX website and the company's annual report. The results of the study indicate that profitability and company size have a positive and significant effect on financial report submission timeliness, while the auditor's opinion does not have a significant effect. This finding indicates that larger and more profitable companies tend to be timelier in reporting their finances, while the type of auditor's opinion is not a determining factor in terms of timeliness. This study contributes to the literature on financial reporting in the Indonesian capital market and provides recommendations for companies and regulators to pay more attention to internal factors that influence financial report timeliness.