Reports Of Companies Research Articles

ANALISIS PERBANDINGAN KINERJA KEUANGAN PERUSAHAAN ASURANSI KONVENSIONAL DAN ASURANSI SYARIAH YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2022

This study aimed to compare the financial performance of Takaful and Conventional listed on the stock exchanges in Indonesia. Year study period 2020-2022 using Common Size and Trends Index Numbers. The method applied in this study was quantitavie method. The samples of this study were 6 insurance companies in 2020-2022 and selected using purposive sampling technique. The types of data used on this study was secondary data. The method of data collection was company financial report and the technique of descriptive analysis. hypothesis testing using the "Independent Sample t-Test" to see the difference in financial performance Takaful and conventional insurance as a whole. The test results showed that there was no significant difference between the financial performance of Takaful and conventional insurance. However, if viewed from the mean (average) of various methods used during the 2020-2022 overall Takaful and conventional insurance alike.

Pengaruh Insentif Manajemen dan Corporate Governance terhadap Corporate Fraud

This study aims to examine the effect of management incentives and corporate governance on corporate fraud. The data source used in this study is secondary data in the form of company annual reports obtained from the official website of the Indonesia Stock Exchange. The sample in this study was 104 data from food and beverage subsector manufacturing companies in 2019-2022 using purposive sampling technique. The data analysis technique used in this study used the SmartPLS 3.2.9 program. The results of this study indicate that management incentives have no effect on financial statement fraud, independent commissioners have no effect on financial statement fraud, audit committees have no effect on financial statement fraud and institutional ownership have no effect on financial statement fraud.

The Influence of Internal Audit Effectiveness, Top Management Supervision, Accounting Information Technology, to Prevent Fraud in Financial Reports of Palm Oil Plantation Companies in Remote Areas as a Moderating Variable (Survey of Palm Oil Plantation Companies in Indonesia)

The Influence of Internal Audit Effectiveness, Top Management Supervision, Accounting Information Technology, to Prevent Fraud in Financial Reports of Palm Oil Plantation Companies in Remote Areas as a Moderating Variable (Survey of Palm Oil Plantation Companies in Indonesia)

The Impact of Return on Asset, Debt to Equity Ratio, Current Ratio and Firm Size on Price to Book Value in Service Companies in the Property and Real Estate Sub-Sector Listed on the Indonesia Stock Exchange from 2015 to 2023

In the Property and Real Estate Sub-Sector Listed on the Indonesia Stock Exchange from 2015 to 2023, this study aims to determine how characteristics such return on asset, debt to equity ratio, current ratio, and company size effect price to book value. The methodology used in this study is quantitative and includes a descriptive and verification approach. The statistical analysis approach of verification makes use of hypothesis testing with partial and simultaneous tests (f and t tests), multiple linear regression, Pearson product moment correlation coefficient, determination coefficient, and traditional assumption testing. The 72 financial reports of companies listed on the Indonesia Stock Exchange that are part of the Property and Real Estate Sub-Sector provide the sample data. In addition to nonprobability sampling, this study used a purposive sample method. For data processing, SPSS software version 26.0 is utilized. The results of an initial investigation indicate that there is a clear correlation between return on asset and price to book value. Price to book value is not significantly impacted by the debt to equity ratio. At most, there is very little effect of institutional ownership current ratio on price to book value. Firm size has no effect on price to book value and does not have a major impact. Concurrently, the study's results show how price to book value is affected by return on asset, debt to equity ratio, current ratio, and firm size.

Does Sustainability Assurance enhance the connection between Corporate Governance and Firm Performance in India?

Scholarly attention to the association between corporate governance and firm performance, considering sustainability assurance as a moderator is scarce. This study aims to examine the moderating role of sustainability assurance in the nexus between corporate governance and firm performance in India. The data relating to 35 environmentally sensitive companies among the top 100 National Stock Exchange (NSE) listed entities were gathered from the ProwessIQ Database and annual reports of companies during 2016–2022. The fixed effect regression model was employed. The results show an insignificant effect of board effectiveness on firm performance as measured by return on assets (ROA), return on equity (ROE), and Tobin’s Q. Similar findings were documented on the audit committee effectiveness and firm performance nexus, except for Tobin’s Q (β = 0.316). In addition, the study did not support the moderating role of sustainability assurance on the board effectiveness and firm performance nexus, indicating the presence of ineffective corporate governance mechanisms. However, the results show that sustainability assurance significantly and negatively moderates the relationship between audit committee effectiveness and ROA (β = –0.021), ROE (β = –0.074), and Tobin’s Q (β = –0.996). This implies that the practice of external assurance of sustainability reports by firms with audit committee effectiveness is an additional burden due to the extra cost involved. Further, the result indicates the learning curve effect among Indian companies. Thus, the findings suggest the need for regulatory focus on encouraging sustainable business practices in terms of effective corporate governance and sustainability assurance. AcknowledgmentThe authors are grateful to Manipal Academy of Higher Education (MAHE), Manipal, for providing financial assistance in the form of a “JRF Contingency Grant” for this research article.

Sustainability of Islamic Banking in the Midst of Global Economy: Case Study in Indonesia

Sharia banking is a bank whose activities refer to Islamic law and in its activities neither charges interest nor pays interest to customers. Sharia bank rewards received or paid to customers depend on the contracts and agreements entered into by the customer and the bank. Agreements (contracts) contained in sharia banking must comply with the terms and pillars of the contract as regulated in Islamic sharia. Over the last decade, the Islamic banking industry has developed very rapidly, not only the number of Sharia Commercial Banks (BUS) but also their assets have increased several times to hundreds of trillions. Seeing the current phenomenon of sharia banking is the author's interest in carrying out research. This research approach uses a descriptive approach, namely by obtaining data collection and data analysis aimed at creating systematic, current and accurate descriptions, depictions of the facts, as well as the relationships between the phenomena being investigated. The types and sources of data are quantitative data and secondary data taken from company reports. The results obtained are that Bank Syariah Indonesia is included in the very rapid development category. This is proven every year that he is able to achieve good goals and development. This shows that the public's response to trusting Indonesian Sharia banks is very good. And able to balance the challenges and opportunities in this current of globalization.

The effect of Environmental, Social and Governance (ESG) and firm size on tax avoidanceAVOIDANCE

This research aims to test and analyze the influence of Environmental, Social and Governance (ESG) and Firm Size on Tax Avoidance. The study was conducted by analyzing the financial reports of companies in the LQ45 sector listed on the Indonesia Stock Exchange (BEI) from 2018 to 2022. The sample used in this study was 7 LQ45 sector companies during the period of 2018 to 2022 using purposive sampling technique. The data used in this study is secondary data in the form of financial reports from each company that has been used as a research sample and using a quantitative approach. The variables used in this study are Environmental, Social and Governance (X1) as the first independent variable, Firm Size (X2) as the second independent variable, and Tax Avoidance (Y) as the dependent variable. The research method used is quantitative, with data analysis, descriptive statistics, panel data linear regression and hypothesis testing, where no deviations were found and the results of this study test were normally distributed so that they meet the requirements for testing. Analysis of the research results using Eviews 12 Student Version Lite. The research results show that the best model is the Common Effect Model (CEM). The results of this study show that Environmental, Social and Governance (ESG) partially affects tax avoidance, as well as Firm Size partially affects tax avoidance and simultaneously Environmental, Social and Governance (ESG) and Firm Size on tax avoidance.

Pengaruh Green Accounting, Intellectual Capital terhadap Kinerja Keuangan Perusahaan Sektor Kesehatan di Indonesia

This study's primary goal is to examine how intellectual capital and green accounting affect the financial performance of health sector businesses. The value added intellectual coefficient (VAIC) is used to quantify intellectual capital, and environmental expenses and eco-friendly products are used to measure green accounting. The analyzed data consists of secondary data from the annual reports of healthcare companies listed on the Indonesia Stock Exchange (IDX) for the period from 2019 to 2022. Multiple linear regression method was employed in the data analysis. The study's conclusions suggest that while green products and environmental cost have no effect on a company's financial performance, intellectual capital has a favorable effect on the financial performance of businesses in the health sector. These results underscore the importance of effective management of intellectual capital to enhance financial success in the healthcare sector.

Pengaruh Struktur Kepemilikan terhadap Pengungkapan Corporate Social Responsibility dengan Board Independence sebagai Variabel Moderasi

This research aims to determine how ownership structure influences Corporate Social Responsibility disclosure with Board Independence as a moderating variable. CSR disclosure is the dependent variable, while institutional, government and foreign ownership are the independent variables. The moderating variable is board independence. CSR disclosure is measured by dividing the disclosure weight by the number of disclosure items. Institutional ownership is measured by dividing institutional shares by total shares. Government ownership is measured by dividing government shares by total shares. Foreign ownership is measured by dividing foreign shares by total shares. Board Independence is measured by dividing the number of independent commissioners by the total board of commissioners. The data consists of annual and sustainability reports of mining companies in Indonesia listed on the Indonesia Stock Exchange for 2018-2022, with 28 companies as samples. Purposive sampling and moderated linear regression were used for data analysis. The research results show a negative impact of institutional and government ownership on CSR disclosure, while foreign ownership has a positive impact. Board Independence increases the relationship between institutional ownership and CSR disclosure, whereas government and foreign ownership do not.

Pengaruh Keberagaman Gender terhadap Kinerja Perusahaan dengan Corporate Sosial Responsibility sebagai Variabel Mediasi

This study aims to analyze the effect of gender diversity on firm performance with corporate social responsibility as an intervening variable. Gender diversity is measured by the ratio of the presence of women on the board of directors and commissioners to the total number of members of the board of directors and commissioners. Firm performance is assessed using three proxies: Return on Assets (ROA), Return on Equity (ROE), and Tobin's Q. CSR is evaluated using the CSR disclosure index, which Garanina and Kim developed in 2023. The data used are annual reports and sustainability reports of consumer non-cyclicals companies listed on the Indonesia Stock Exchange from 2018-2022. Consumer non-cyclicals companies produce goods or services to meet primary needs. Samples were taken using purposive sampling, totaling 64 companies. The analysis used the Partial Least Square (PLS) method. The results show that gender diversity does not affect firm performance with ROA and ROE proxies but does affect performance with the Tobin's Q proxy. Additionally, gender diversity negatively affects CSR, and CSR has a significant positive effect on performance with the ROA proxy but no effect on ROE and Tobin's Q proxies. CSR mediates the effect of gender diversity on firm performance with the ROA proxy but does not mediate the effect on performance with the ROE and Tobin's Q proxies.

Pengaruh Fraud Hexagon Terhadap Manajemen Laba Berdasarkan M-score yang Dimodifikasi

This research aims to examine the effect of the fraud hexagon on earnings management using a modified M-score. The modified M-score formula in this study comes from research by Narsa et al (2023) using five original ratios and four additional ratios. This research is causality research with a quantitative approach. The data in this research comes from company annual reports obtained from the Indonesian Stock Exchange website and the websites of the companies studied. This research uses a purposive sampling technique and the sample in this research consists of 39 manufacturing companies (food & beverage subsector, chemical subsector, and metals and similar subsector) in 2020-2022. To test the hypothesis, this research uses the logistic regression analysis method. The results of this research show that ineffective monitoring has a positive and significant effect on earnings management. while financial stability, change in auditor, change in director, frequent number of CEO pictures, and projects with government have no effect on earnings management.

Reporting Corporate Risk: An Empirical Inquiry into Listed Entities in the Saudi Capital Market

A capital market with greater transparency provides more accurate metrics for measuring corporate performance, which can be utilized to inform market participants’ decisions. Informed risk is crucial to corporate reporting transparency. This empirical study explores the extent to which firms in the Saudi capital market disclose risk information, whether financial or non-financial. A risk disclosure index (RDI) is constructed based on a rigorous literature review of previous studies, considering suggested items related to corporate risk that must be disclosed. The sample comprises 50 corporations, with five companies representing the energy sector, three representing the utility sector, and forty-two representing the materials sector. The findings reveal moderate financial risk disclosure (sample mean 56%) and low non-financial risk disclosure (sample mean 33%) in the Saudi capital market. In the energy sector, the disclosed financial and non-financial risks comprise 57% and 37%, respectively; in the utility sector, these proportions are 56% and 31%, while in the materials sector, they are 54% and 33%, respectively. Regulators should prioritize high-quality, transparent, and comparable risk information disclosure to attract direct foreign investment. To improve their risk disclosure, managers of firms can also employ the RDI to examine the extent of risk their companies face. This study is limited to the annual and board reports of companies in the three sectors.

Analysis of Circular Economy Practices in A Manufacturing Company

Objective: This study aims to investigate circular economy practices in an organization in the manufacturing sector, with the aim of evaluating their impact on the company's maturity levels in relation to the circular economy. Theoretical Framework: The theoretical framework of this work is based on the concepts of the circular economy, which proposes the reduction, reuse, recovery and recycling of materials and energy at all stages of the product life cycle. Also noteworthy are the circular economy maturity assessment models, which allow measuring the level of implementation and integration of these practices in organizations. Method: The research was conducted through a documentary approach, using the sustainability reports of a large company in the manufacturing sector. The analysis was based on a specific maturity scale for the circular economy, evaluating the different stages of implementation of these practices by the company. Results and Discussion: The results revealed that the investigated company has circular economy practices predominantly in an intermediate stage of maturity. The discussion of the results emphasizes the importance of moving to more advanced stages of maturity to maximize the environmental and economic benefits of the circular economy. Research Implications: This research offers practical and theoretical insights into how companies can develop and improve their circular economy strategies. Implications include the need for more robust policies and practices to promote sustainability and efficiency in manufacturing. Originality/Value: This study contributes to the literature by highlighting the current stage of implementation of the circular economy in a large manufacturing company, highlighting areas for improvements and advancements. The research is valuable in providing a clear and detailed overview of the practices and challenges faced by organizations in the transition to the circular economy.

Improving Financial Performance through Financial Risk and Intellectual Capital

This research aims to analyze the influence of financial risk and intellectual capital on financial performance and the influence of financial risk and intellectual capital on financial performance. This research method is explanatory research and causality research design. The population in this research is all manufacturing companies listed on the Indonesia Stock Exchange from 2019 to 2021. The data analysis technique uses path analysis with two substructure equations and testing classical assumptions. This research method is descriptive analysis research. Research data uses secondary data obtained from information in the annual reports of each manufacturing company on the Indonesia Stock Exchange during the research period with data analysis techniques using path analysis. This research shows that financial risk significantly and negatively affects the company's financial performance. The use of capital originating from debt has a negative impact. The company experienced a reduction in its profit target because it had an obligation to pay interest on debt. The greater the use of leverage, the more significant the reduction in the rate of return on its capital. Intellectual capital significantly and positively affects a company's financial performance. Intellectual capital efficiency is substantially and positively related to a company's financial performance. In the future, it is hoped that the company's financial performance will be achieved through effective risk management policies and maximum utilization of intellectual capital, which will impact increasing company value.

Research on investment returns prediction based on machine learning

With the development of the Internet and the continuous improvement of the information disclosure mechanism of the securities market, individual investors have more and more ways to obtain investment information, including company research reports from analysts. However, analysts have mixed qualifications and publish a huge number of reports. For retail investors, how to analyze and distinguish these reports and make informed investment decisions based on them has become the key to profiting in a securities market where information is asymmetrical and risks and opportunities coexist. This is a priority that every retail investor should prioritize. In recent years, machine learning has become increasingly widely used in the financial sector, especially in the prediction of return on investment. In this work, a most advanced machine learning model Transformer is used, which is widely used in a variety of scenarios due to its advantages in processing sequence data. The Transformer model can effectively process and analyze large-scale financial time series data through the self-attention mechanism to capture subtle fluctuations and potential correlations in the market. We designed a Transformer-based architecture to combine multi-source data such as market macroeconomic indicators, stock trading data, and social sentiment analysis for comprehensive learning. Experimental results show that the model significantly improves the accuracy of investment return prediction and provides investors with efficient analysis tools.

PENGARUH PERGANTIAN MANAJEMEN, UKURAN PERUSAHAAN, AUDIT FEE, DAN REPUTASI AUDIT TERHADAP AUDITOR SWITCHING

This study aims to examine the effect of management change, firm size, audit fees, and audit reputation on auditor switching which are used as the dependent variable. The data used is secondary data obtained from the financial reports of companies in the Industrial Sector listed on the Indonesia Stock Exchange (IDX) from 2018 to 2020. This sample consists of 40 companies selected using a technique known as purposive sampling. . Using multiple linear regression analysis, the relationship between variables is investigated in this study. This research was processed using SPSS Version 25. The results of this study, partially Management Change, company size, Audit Fee, and Audit Reputation have a positive effect on Auditor Switching. Simultaneously all variables have a positive and significant effect on profitability

Evolution and Challenges of Environmental, Social, and Governance Practices: An Analysis of the Brazilian Stock Exchange’s Corporate Sustainability Index

Environmental, social, and governance (ESG) practices are increasingly recognized as critical for corporate sustainability and market competitiveness, driven by heightened expectations from investors, governments, and consumers. This study examines the evolution of ESG practices among companies listed on the Brazilian Stock Exchange’s Corporate Sustainability Index (ISE B3) from 2005 to 2022. We analyzed the index portfolio’s composition, focusing on changes in ESG dimensions over time. The only six long-lived companies in this index, from retail, banking, and energy sectors, were selected for in-depth analysis. We further evaluated the quality and consistency of ESG disclosures in company reports. Findings indicate relevant fluctuations in the number of companies included in the ISE B3 and variations in ESG scores for the companies. These variations may be attributed to the voluntary nature of ESG practices and the absence of standard disclosure. This study reveals a lack of homogeneity in ESG reporting, which could be addressed by establishing more straightforward guidelines and global standards. This research underscores Brazilian companies’ challenges navigating diverse ESG frameworks to align with evolving societal and environmental expectations.

Good corporate governance, firm performance and COVID-19

PurposeThis research is designed to analyze the effectiveness of the audit committee, nomination and remuneration committee, and ownership structure on company performance and how COVID-19 moderates the influence of these governance mechanisms on company performance.Design/methodology/approach437 annual reports of Indonesian manufacturing companies from 2018 to 2021 were used as research samples using multiple regression analysis and moderated regression analysis.FindingsGood corporate governance plays a role in improving company performance. The presence of COVID-19 affects corporate governance, thereby reducing performance, but good corporate governance can limit this impact.Practical implicationsThis research helps companies understand the effectiveness of the supervisory function in improving company performance. This research provides input for companies, regulators, and policymakers to pay attention to good corporate governance, especially when facing a crisis.Originality/valueTo my knowledge, research that examines corporate governance mechanisms and company performance related to COVID-19 and investigates whether COVID-19 moderates the influence of corporate governance mechanisms on company performance has never been conducted.

Analysis of Internal Factors Affecting Tax Avoidance in the 4.0 Era in Digital Technology Sector

This study aims to analyze internal factors that influence tax avoidance in the annual financial reports of digital technology sector companies listed on the Indonesia Stock Exchange for the 2018-2022 research period in the economy 4.0 era. The independent variables in this study are profitability, fixed asset intensity, and leverage. The approach used in this study is a secondary data quantitative approach. The population of the study was 73 digital technology sector companies listed on the Indonesia Stock Exchange in the 2018-2022 research period, and the sample was taken using the purposive sampling method with a total of 25 companies so that the number of observations in the study was 125 observation data. The data analysis technique uses panel data regression analysis using statistical calculations. The results of the research analysis prove that profitability and leverage have a partial and positive and negative influence on tax avoidance. In contrast, fixed asset intensity does not have a partial and negative influence on tax avoidance. The managerial implications are that the implementation of digital technology can help create a more transparent and accountable system, and the use of data-based audit technology can detect anomalies and potential tax avoidance earlier.

Pengaruh Likuiditas, Leverage, Profitabilitas dan Kepemilikan Manajerial Terhadap Nilai Perusahaan: Studi Empiris pada Perusahaan Manufaktur yang Terdaftrar di BEI Tahun 2020-2022

A company will always strive to achieve its goals, for example long-term goals such as the ability to increase company value. Indrarini (2019: 3) defines company value as an investor's vision of the manager's success rate in managing the company's assets entrusted to him which is often associated with stock prices. The sampling technique in this study used purposive sampling method. The data collection method in the study is the annual financial report documentation method (annuar report). This study uses a type of quantitative research, the data used in the research is secondary data obtained by taking through the annual report of each manufacturing company which can be accessed through the company's official website. Liquidity has no effect on firm value, the high level of liquidity causes a decrease in firm value. Leverage affects firm value, companies with low leverage levels can increase firm value. Profitability has no effect on firm value, excessive inventory may have low profitability. Managerial ownership has no effect on firm value, the results of this study contradict agency theory.