Indonesia Stock Exchange Year Research Articles

Earnings Management Trend in Manufacturing Companies Sub-Sector Food and Beverage Listed on the Indonesia Stock Exchange Year 2019-2023

This study aims to analyze the trend of earnings management in manufacturing companies operating in the food and beverage sub-sector listed on the Indonesia Stock Exchange. Earnings management trends encompass methods used by companies to manipulate or manage their financial statements. Factors influencing earnings management include tax planning, income tax expenses, and profitability. The management's goal is to enhance corporate earnings to reflect stable profits, thus accurately portraying the company's financial performance in future periods. The study population consists of 45 companies, with a sample of 9 companies selected using purposive sampling. Data collection utilized secondary data from quarterly financial reports of manufacturing companies listed on the Indonesia Stock Exchange from 2019 to 2023. The research employed descriptive analysis to assess earnings management trends as predictors of profit increases. The findings reveal significant fluctuations in earnings management practices among food and beverage manufacturing companies listed on the Indonesia Stock Exchange during the period from 2019 to 2023.

The Effect of ESG Disclosure, Manager Qualification and Workplace Safety on Firm Value with Firm Size and Financial Leverage as Control Variables In Manufacturing Companies Listed on the Indonesia Stock Exchange year 2020-2022

The purpose of this study, which was designed with firm size and financial leverage acting as control variables, was to ascertain the impact of management qualification, workplace safety, and ESG disclosure on firm value as estimated by Tobin's Q. Manufacturers (mining, metal, and cement) that are listed on the IDX in 2020–2022 make up the study's community. This study employed multiple linear regression-ordinary least squares along with hypothesis testing, where the regression coefficient is tested using the t test. The findings show that Manager Qualification (MQ) has a significant positive impact on Firm Value (FV), Financial Leverage (FL) has a substantial negative impact on Firm Value (FV). While ESG disclosure, Workplace Safety (WS) and Firm Size (FS) have no substantial influence on Firm Value (FV). The variable that has the highest significant level (0.008 < 0.005) but the coefficient is negative is Financial Leverage (FL) due to the calculated t value of -2.71, followed by the Manager Qualification (MQ) variable with a significant level (0.023 < 0.05) with a positive coefficient. And followed by the Firm Size (FS) variable, the Workplace Safety (WS) variable, and ESG disclosure does not have a substantial impact because the coefficient value obtained is 0.116; 0.196; and 0.451, respectively, where the coefficient value is higher than 0.05. The outcomes demonstrated that Firm Value (FV) increases along with the increase in Manager Qualification (MQ) and Financial Leverage (FL) has a substantial negative impact on Firm Value (FV). While Firm Size (FS), Workplace Safety (WS), and ESG disclosure variables have no significant effect.

Pengaruh Profitabilitas, Likuiditas, Ukuran Perusahaan dan Struktur Aktiva Terhadap Struktur Modal Pada Perusahaan Property dan Real Estate

The research aimed to return on asset, current ratio, company size and assets structure on capital structure at property and real estate companies in indonesia stock exchange year of 2020-2022. The selected sample were 64 companies through purposive sampling. Souurces of data used secondary data with data collection through documentation. The data analysis technique used multiple linear regression. The results showed that the return on asset has a positive and signification effect on capital structure. Current ratio has a negative and signification effect on capital structure. Company size does not have a signification effect on capital structure. Asset structure has a positive and signification effect on capital structure.

PENGARUH FIRM SIZE DAN GROWTH OPPORTUNITY TERHADAP FIRM VALUE MELALUI CASH HOLDING SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI TAHUN 2018-2021

Technological developments The change in business world and the revolution of entrepreneurship have changed because of technological development. Companies now focus not only on profit, but also on appreciation. Technology has facilitated the transformation of small businesses into global businesses. This study aims at is analyzing and testing the effects of Firm size and Growth opportunity on Firm value through Cash holding as an intervening variable in food and beverage companies listed in the Indonesia Stock Exchange year 2018-2021. The population in this study were 21 food and beverages companies listed on the Indonesian Stock Exchange during the 2018 – 2021 period. The sampling technique was determined by purposive sampling. Data analysis and hypothesis testing in this study use Structural Equation – Partial Least Square (PLS-SEM). The results of the direct effect hypothesis test using the Smart PLS 3.0 application shows that Firm size has a negative significant effect on Cash holding, Growth opportunity has a positive but not significant effect on Cash holding, Firm size has a negative but not significant effect on Firm value, Growth opportunity has a negative but not significant effect on Firm value and Cash holding have a negative but not significant effect on the Firm value. Meanwhile, the results of the indirect effect hypothesis test show the firm size variable has a positive but not significant effect on Firm value through Cash holding and Growth opportunity have a negative but not significant effect on Firm value through Cash holding.

Analysis Of Financial and Non-Financial Factors That Influence Tax Aggressiveness in Registered Companies on The Indonesia Stock Exchange Year Of 2016 – 2019

Analysis Of Financial and Non-Financial Factors That Influence Tax Aggressiveness in Registered Companies on The Indonesia Stock Exchange Year Of 2016 – 2019

The Effects Of Financial performance and Institutional Ownership On The Stock Price of Mining Company In Indonesia Stock Exchange (IDX) Year 2016-2020

This study aims to determine how the influence of company financial performance and institutional ownership on stock prices. The population in this study were mining companies listed on the Indonesia Stock Exchange, namely PT Adaro Energy Tbk, PT Aneka Tambang Tbk, and PT Bukit Asam Tbk during the 2016-2020 period. The independent variables in this study are institutional ownership, and financial performance as proxied by Earning Per Share, Price Earning Ratio, Price to Book Value, Dividend Per Share and the dependent variable in the study is stock price. The research sample was taken by purposive sampling method, namely based on 3 predetermined criteria, a sample of 3 companies was obtained. The method of analysis used in this study is multiple regression models. The data used in this study are data taken from the IDX financial statements, especially in the mining industry namely PT Adaro Energy Tbk, PT Aneka Tambang Tbk, and PT Bukit Asam Tbk during the 2016-2020 period. The results of this study indicate that Price Earning Ratio has a positive effect on stock prices. Meanwhile, Earning Per Share, Price to Book Value, Dividend Per Share, and Institutional Ownership have no significant effect on stock prices.

The Effect of Return On Assets (ROA) and Dividend Payout Ratio (DPR) on Return of LQ45 Company Shares Listed on the Indonesia Stock Exchange (IDX) for the 2019-2021 Period

The purpose of this research is to analyze the influence of return on assets and dividend payout ratio on stock return. Their search population are companies incorporated in LQ45 index and listed on the Indonesia Stock Exchange year 2019-2021. By using purposive sampling method, obtained 63 financial statements from 21 different companies that meet predetermined criteria. The research conducted using multiple regression analysis method. The result showed that return on assets has no significant effect on stock return, dividend payout ratio negatively and significantly affected stock return, also simultaneously return on assets and dividend payout ratio have no significant effect on stock return.

The Influence of Debt to Equity Ratio and Earnings per Share on Share Price in Food and Beverage Sub-Sector Companies Listed on the Indonesia Stock Exchange (IDX) Year 2014-2020

This study aims to analyze the effect of the debt-to-equity ratio (DER) on stock prices (SP) and the effect of the debt-to-equity ratio on stock prices through earnings per share (EPS). We examined companies in the consumer goods industry sector and the food and beverage sub-sectors that were listed on the Indonesia Stock Exchange for 2014–2020. The sampling method used in this study was non-probability sampling with a purposive sampling method in order to obtain 10 companies from 18 registered companies to be used as research samples. The data analysis method used in this research is panel data regression, which includes descriptive analysis, the classic assumption test, the coefficient of determination test, simultaneous testing (F-testing), and partial testing (t-testing) using Eviews 9.0 software. The results of the study show that: 1) debt-to-equity ratio has a significant effect on earnings per share; 2) debt-to-equity ratio has an effect on stock prices; 3) earnings per share has an effect on stock prices; and 4) earnings per share is able to mediate the effect of debt-to-equity ratio on stock prices.

Effect of Current Ratio, Return on Assets and Debt to Equity Ratio on Profit Growth in Listed Banking Companies on the Indonesia Stock Exchange Year 2019-2021

This study aims to determine and analyze the effect of Current Ratio, Return On Assets, and Debt to Equity Ratio To Profit Growth on Banking Companies Listed on the Indonesia Stock Exchange in 2019-2021. The population in this study was 43 registered banking companies on the Indonesia Stock Exchange for the 2019-2021 period using the purposive method sampling obtained 18 companies that met the criteria. Test methods that multiple linear regression analysis is used. The results show that the Current Ratio, Return On Assets affects Profit growth. Meanwhile, Debt to Equity Ratio has no effect on profit growth. The benefits of this research are provide understanding to investors by looking at the role of current ratio, Return On Assets, and Debt to Equity Ratio to profit growth run the company so that investors can make decisions in invest appropriately.

The Influence Of Company Size, Liquidity, Profitability On The Issue Of Going Concern Audit Opinions On Mining Companies Listed On The Indonesia Stock Exchange Year 2017-2020

The Influence Of Company Size, Liquidity, Profitability On The Issue Of Going Concern Audit Opinions On Mining Companies Listed On The Indonesia Stock Exchange Year 2017-2020

Factors Affecting Indonesian Agriculture Companie’s Disclosure of Biological Assets

This study aims to test the effect of Biological Asset Intensity, Managerial Ownership, and Audit on Biological Asset Disclosure on agricultural sector companies listed on the Indonesia Stock Exchange (IDX) Year 2018-2021. Samples were taken using a purposive sampling method with certain criteria, during the study period. Based on the criteria that have been determined by the data using panel data, a total of 68 data were obtained. The analysis method used in this study was the regression analysis of panel data processed using Eviews 9. The results of this study show that (1) Biological Asset Intensity has a significant positive effect on the disclosure of biological assets. This is because the greater the value of biological assets, the higher the company provides more complete and detailed information to users of financial statements. (2) Managerial Ownership has a significant positive effect on the disclosure of biological assets. This is because managers who have a hand in the company's capital will carry out their duties according to applicable regulations and not only for their own interests but also for the sustainability of the company to remain sustainable in the future. (3) The audit has no negative effect on the disclosure of biological assets. This is because the role of kap is not determined by the characteristics of the Big Four or Non-Big Four levels because currently, the role of auditors is growing, many KAP who are not affiliated with the Big Four also revealed that detailed information according to the needs of users of financial statements and investors when choosing the company they will choose as a place to plant shares.

Analysis of Opportunistic Behavior, Monitoring Mechanisms and Financial Distress on Earnings Management: Evidence from Indonesia

This study aims to examine the relationship between opportunistic behavior, monitoring mechanisms, and financial distress on earnings management. The population of this study is 796 companies listed in the Indonesia Stock Exchange year 2015-2019. Fourty three sample companies were selected using purposive sampling method, resulting 215 firm-year observation data. Using ordinary least square (OLS) regression as the main data analysis, the study observed that monitoring mechanism variable proxied by leverage has a positive effect on earnings management. However, there is no correlation between opportunistic behavior proxied by free cash flow and profitability as well as financial distress proxied by Altman Z-Score on earnings management. A robustness test using additional data of the samples companies during the COVID-19 pandemic was carried out. The test provides evidence that the results of this study's are robust. This study contributes empirically to the literature on the relationship between opportunistic behavior using free cash flow and profitability proxies, monitoring mechanisms using leverage, financial distress, and earnings management. It also provides valuable information for stakeholders to observe the quality of firm’s financial statements.

Faktor-Faktor yang Mempengaruhi Manajemen Laba pada Perusahaan Sub Sektor Tekstil dan Garmen pada Bursa Efek Indonesia

Earnings management is one of the manager's actions in attaching financial statements that are not based on facts. This research seeks to determine, analyze, and test the impact of managerial ownership, profitability, leverage, and company size on the earnings management. Population in this research is manufacturing company sub sector textile and garment listed in Indonesia Stock Exchange year 2017 until 2020. This research has 22 companies population selection of sample by using purpsive sampling method and there are 11 companies that meet the required sample criteria. The method used in this study is multiple regression. The results of this study indicate that managerial ownership, profitability, leverage have no signifcant effect on earnings management, while company size has a significant negative on earnings management.

Pengaruh Perputaran Kas, Kecukupan Modal, dan Ukuran Perusahaan terhadap Profitabilitas: Studi Pada Perusahaan Perbankan Konvensional yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018

The purpose of this study was to determine and analyze the Effect of Cash Turnover, Capital Adequacy, and Company Size on Profitability (Study on Conventional Banking Company Listed in the Indonesia Stock Exchange Year 2016-2018). The type of research is a quantitative research associative with the reseach conducted bu\y collecting data such as documents or archives available on the Indonesia Stock Exchange in 2016-2018, sources of citations, and bibliography. The sample selection is performed by purposive sampling. The population in this study was 42 and sample 12 in conventional banking companies listed in Indonesia Stock Exchange. The analysis technique is using multiple linear regression analysis.
 The results of the study using hypothesis testing in which classical assumption tests had been carried out first. Based on the results of multiple linear regression tests show that 53.4% of profitability factors can be explained by cash turnover, capital adequacy, and company size, while the remaining 46.6% is explained by other factors not examined in this study. T test results indicate that the variable cash turnover partially have a positive and significant effect on profitability. While capital adequacy, and the company size variable partially has no effect on profitability. F test results show that simultaneously the variable cash turnover, capital adequacy, and company size together have a positive and significant effect on profitability.
 Keyword: Cash Turnover, Capital Adequacy, Company Size, and Profitability

Pengaruh Likuiditas, Pertumbuhan Penjualan Dan Ukuran Perusahaan Terhadap Profitabilitas

Food and beverage companies are industries that compete in the world market and make major contribution to the value of national exports. Companies that have good profitability have a good reputation and affect the high stock price. This research aimed to find out the effect of liquidity, sales growth, and company size variable to profitability variable in annual report listed on the Indonesia Stock Exchange year 2017–2019. The population are all food and beverage manufacturing companies listed on the Indonesia Stock Exchange, and obtained samples of amount 14 companies. The type of this research is a quantitative study. The data analysis used several analyzes, namely multiple linear analysis, the coefficient of determination test, the classical assumption test, R2 test, the F test, and the t test. Based on the results of this research, that partially liquidity has significant positive effect on profitability. Sales growth has no significant positive effect on profitability. Company size variable has no significant positive effect on profitability. The results of F test show that liquidity, sales growth, and company size have no effect on profitability.

Pengaruh Perputaran Kas, Kecukupan Modal, dan Ukuran Perusahaan terhadap Profitabilitas: Studi Pada Perusahaan Perbankan Konvensional yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018


 
 The purpose of this study was to determine and analyze the Effect of Cash Turnover, Capital Adequacy, and Company Size on Profitability (Study on Conventional Banking Company Listed in the Indonesia Stock Exchange Year 2016-2018). The type of research is a quantitative research associative with the reseach conducted bu\y collecting data such as documents or archives available on the Indonesia Stock Exchange in 2016-2018, sources of citations, and bibliography. The sample selection is performed by purposive sampling. The population in this study was 42 and sample 12 in conventional banking companies listed in Indonesia Stock Exchange. The analysis technique is using multiple linear regression analysis. The results of the study using hypothesis testing in which classical assumption tests had been carried out first. Based on the results of multiple linear regression tests show that 53.4% of profitability factors can be explained by cash turnover, capital adequacy, and company size, while the remaining 46.6% is explained by other factors not examined in this study. T test results indicate that the variable cash turnover partially have a positive and significant effect on profitability. While capital adequacy, and the company size variable partially has no effect on profitability. F test results show that simultaneously the variable cash turnover, capital adequacy, and company size together have a positive and significant effect on profitability.
 Keyword: Cash Turnover, Capital Adequacy, Company Size, and Profitability.

Pengaruh Kebijakan Dividen, Leverage dan Profitabilitas terhadap Nilai Perusahaan LQ-45 yang Terdaftar di Bursa Efek Indonesia

The aim of this research was to find out and analyze the significant effect of dividend policy, leverage, and profitability on firm value of LQ-45 companies listed on Indonesia Stock Exchange year of 2015 until 2019. Type of this research was quantitative with method of data analysis used panel data regression. The research results showed that dividend policy, leverage as well as profitability has a positive and significant effect on firm value of LQ-45 companies listed on Indonesia Stock Exchange year of 2015-2019. Referred to the conclusion, management of LQ-45 companies listed on Indonesia Stock Exchange needs to prioritize their financial policies related to dividend policy, leverage and profitability. The ways could be done by continue to pay or distribute dividend regularly every year while still managing retained earnings effectively, set a proportional debt level and controlling the operational costs more efficiently as well as continuously increase their capital investment or productive investment as an effort to optimize the company's ability to earn profits.

Analysis of Corporate Social Responsibility’s Effect on The Value of Mining Companies Moderated by Profitability

The goal of this study was to determine the influence of “corporate social responsibility disclosure” on “company value of mining company” with “profitability” as a “moderating variable”. This study chose data from “the annual report of mining companies listed on the Indonesia Stock Exchange year 2015-2018”. This study use sample of “26 companies”. Using “purposive sampling technique”, the population of companies according to the minimum number is “18 companies”. This study using “Partial Least Square (PLS)” technique. This study research found that “corporate social responsibility negatively significant effect on company value”, “profitability has a positive effect on company value”. However, “profitability is not able to moderate the influence of Corporate Social Responsibility” to the “value of the company”.

Influence of Determined Tax Load, Tax Planning, and Profitability in Profit Management in The Company Manufacturing The Mining Sector, The Coal Sub Sector Listed on The Indonesia Stock Exchange Year

This study aims to analyze the effect of deferred tax expense, planning, and profitability on earnings management. The method used in sampling is using a purposive sampling method. The population in this study is manufacturing companies in the mining sector listed on the Indonesia Stock Exchange (IDX) in 2018-2020. Based on the established criteria, 11 companies have been obtained. This study indicates that the deferred tax expense variable does not affect earnings management; tax planning affects earnings management because profitability affects earnings management. The variables of deferred tax expense, tax planning, and profitability affect earnings management. Profitability has a significant effect on earnings management of manufacturing companies in the Coal Mining sector on the Indonesia Stock Exchange in the 2018-2020 period. Deferred Tax Expenses, Tax Planning, and Profitability simultaneously affect the profit management of manufacturing companies in the Coal sub-sector Mining sector on the Indonesia Stock Exchange in the 2018-2020 period. Deferred Tax Expenses have no significant effect on earnings management in manufacturing companies in the Coal Mining sector on the Indonesia Stock Exchange in 2018-2020. Tax planning significantly affects earnings management for manufacturing companies in the Coal Mining sector on the Indonesia Stock Exchange in the 2018 period 2020.

PENGARUH GOOD CORPORATE GOVERNANCE DAN STRATEGI BERSAING TERHADAP KINERJA KEBERLANJUTAN PERBANKAN

Global economic conditions that are full of uncertainty mean that companies must have good governance and business strategies in order to survive. This is also an important issue for the banking world. Banking is a business that prioritizes public service and trust. But the case of the bank scandal that broke out resulted in public distrust of the credibility of banks. Bank credibilty greatly affects the sustainabilty of banking. The population used is banking company listed on the Indonesia Stock Exchange year 2015-2019 with a total sample of 200 samples. This study uses multiple linear regression analysis. The purpose of this study is testing the bank credibility by analyzing the influence of good corporate governance and competitive strategy on sustainability performance using a balanced scorecard consisting of financial performance, customer performance, internal business process performance, learning and growth performance, social and environmental performance. The difference in this study compared to previous studies is to use a balanced scorecard to assess the sustainability of banking by adding social and environmental aspects. The result of this study are GCG has a positive effect on financial performance, internal business process performance, growth and learning performance. GCG has no positive effect on customer performance, social and environmental performance. Differentiation has a positive effect on financial performance, internal business process performance, growth and learning performance, social and environmental performance. Differentiation does not affect customer performance.