Asset Intensity Research Articles

ANALISIS PENGARUH BIOLOGICAL ASSET INTENSITY DAN PROFITABILITAS TERHADAP PENGUNGKAPAN ASET BIOLOGIS PADA PERUSAHAAN AGRIKULTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2018

This research aims to examine and analyze the effect of biological asset intensity and profitability on the disclosure of biological assets in agricultural companies that are leveled on the Indonesia Stock Exchange (BEI) in 2018. This research is a quantitative case study. Secondary data obtained by the documentation method. The sample of this research was 18 agricultural companies listed on the Indonesia Stock Exchange in 2018. Eighteen companies met the criteria. They registered and published financial statements in the 2018 period. Data analysis techniques use descriptive statistical analysis, multiple linear regression analysis, ttest, F-test, and coefficient of determination. The results showed that biological asset intensity has a significant effect on the disclosure of biological assets in agricultural companies listed on the Indonesia Stock Exchange in 2018, and profitability has a significant effect on the disclosure of biological assets in agricultural companies listed on the Indonesia Stock Exchange in 2018.

ANALISIS KARAKTERISTIK PERUSAHAAN, INTENSITAS ASET TETAP DAN KONSERVATISME AKUNTANSI TERHADAP TAX AVOIDANCE

This study aims to obtain empirical evidence about the influence of Company Characteristics, Intensity of Fixed Assets and Accounting Conservatism on Tax Avoidance. The independent variables used are Company Characteristics, Intensity of Fixed Assets and Accounting Conservatism. The dependent variable used is Tax Avoidance. The population in this study is mining companies listed on the Indonesia Stock Exchange in the 2014-2018 period. Samples collected by purposive sampling method. The number of companies sampled in this study were 13 companies. The method of analysis of this study uses multiple linear regression. The results of research conducted indicate that the variable Company Characteristics influence on Tax Avoidance, Fixed Asset Intensity has no effect on Tax Avoidance and Accounting Conservatism has no effect on Tax Avoidance. Simultaneously all free variables (Characteristics of Company, Fixed Asset Intensity and Accounting Conservatism) affect the Tax Avoidance.Keywords: Company Characteristics; Fixed Assets Intensity; Conservatism Accounting; Tax Avoidance.

Pengaruh Faktor Internal dan Faktor Eksternal terhadap Manajemen Pajak

This research aims to analyze the impact of profitability,capital structure,fixed asset intensity,and economic growth towards tax management using effective tax rates as a indicator in Real Estate and Property companies in the period 2011-2014. We used the secondary data from IDX and BPS of Product Domestic Bruto. Multiple regression analysis is was the method of analysis used. The sampling technique used in this research was purposive sampling method and obttained 96 samples of data for 24 companies. The regression test results showed that profitability has a significant positive effect to tax management, capital structure has a significant negative to tax management. While, for the fixed asset and economic growth does not effect on the tax management.

An Optimal Portfolio Problem of DC Pension with Input-Delay and Jump-Diffusion Process

In this paper, an optimal portfolio control problem of DC pension is studied where the time interval between the implementation of investment behavior and its effectiveness (hereafter input-delay) is particularly focused. There are two assets available for investment: a risk-free cash bond and a risky stock with a jump-diffusion process. And the wealth process of the pension fund is modeled as a stochastic delay differential equation. To secure a comfortable retirement life for pension members and also avoid excessive risk, the fund managers in this paper aim to minimize the expected value of quadratic deviations between the actual terminal fund scale and a preset terminal target. By applying the stochastic dynamic programming approach and the match method, the optimal portfolio control problem is solved and the closed-form solution is obtained. In addition, an algorithm is developed to calculate the numerical solution of the optimal strategy. Finally, we have performed a sensitivity analysis to explore how the managers’ preset terminal target, the length of input-delay, and the jump intensity of risky assets affect the optimal investment strategy.

Productivity Spillovers of FDI in an Emerging Market: The Role of Foreign Firms’ Local Innovation

In this study, we examine the productivity spillovers of foreign direct investment (FDI) to domestic firms sourced from foreign firms’ local innovation. Based upon a panel dataset on manufacturing firms in China over the period from 1998 to 2007, we find that local innovation undertaken by foreign firms in an industry can spill over to and benefit domestic firms in the same industry. Further, we find that this positive productivity spillover is significantly stronger when foreign firms have higher intangible asset intensity, share longer overlapping years and densely co-located with domestic firms.

Pengaruh Leverage, Likuiditas, Ukuran Perusahaan, dan Fixed Assets Intensity Terhadap Revaluasi Aset Tetap (Studi Empiris pada Perusahaan Aneka Industri yang Terdaftar di BEI Tahun 2014-2018)

This study aimed to examine the effect of leverage, liquidity, firm size, and fixed assets intensity on fixed assets revaluation. The sample in this study was a company manufacturing various industry sectors listed on the Indonesian Stock Exchange during 2014-2018 period. Methods of data collection using purposive sampling. The analytical method of research used logistic regression analysis method. These results indicate that the variable leverage has a negative effect on fixed assets revaluation and firm size positive effect on fixed assets revaluation. While fixed assets intensity and liquidity have not effect on fixed asset revaluation.

Pengaruh Intensitas asset Biologis, Ukuran Perusahaan dan Konsentrasi Kepemilikan Manajerial Terhadap Pengungkapan Asset

This study aims to test and analyze the factors that influence the disclosure of biological assets. The factor studied include biological asset intensity, company size, and managerial ownership concentration. Analyzes the practice of disclosure of accounting in agriculture to biological assets based on PSAK 69: Agriculture. The study was conducted on 19 mining companies for 3 years (2016-2018) and the number of data as much as 57 samples were obtained using a purposive sampling technique. The collected data is analyzed using classical assumptions and multiple regression. Based on this study, it was concluded that of the three variables used in the study, there were two variables namely company size and managerial ownership concentration that affected the disclosure of biological assets. While the intensity of biological assets does not affect the disclosure of biological assets.
 Keywords: Biological Assets, Biological Asset Intensity, Company Size, Managerial Ownership Concentration, Biological Asset Disclosure.

Pengaruh Biological Asset Intensity, Growth, Leverage, Dan Tingkat Internasional Terhadap Pengungkapan Aset Biologis

Data from the Central Statistics Agency shows Indonesia's agricultural growth rate in the first quarter of 2019 was only 1.81%. This growth rate decreased significantly, when compared to the first quarter of 2018 which reached 3,34%. This indicates that the condition of agriculture in Indonesia is very alarming. This study aims to see the effect of biological asset intensity, growth, leverage and international level to biological asset disclosure in agricultural companies listed on the Indonesia Stock Exchange (IDX) for the period 2015-2018. Disclosure of biological asset in this study refers to PSAK 69 with 36 items of disclosure. This type of research is quantitative. The population in this study were all agricultural companies listed on the Indonesia Stock Exchange (IDX), with a total sample of 66 samples using a purposive sampling method. The analysis was done by using multiple regression model. The results of this study indicate that: (1) The biological asset intesity has a positive and significant effect on the disclosure of biological asset, (2) Growth has a positive and significant effect on the disclosure of biological asset, (3) Leverage has a negative and not significant effect on the disclosure of biological asset, (4) The international level has a negative and not significant effect on the disclosure of biological asset

Does the Company's Scale, Fixed Asset Intensity and Operating Cash Flow Affect Asset Revaluation?

Fixed assets that are measured using cost may have lost their relevance because they do not reflect the real situation. This study aims to analyze the factors that influence the company to revaluate its fixed assets. The sample of this study consisted of 426 manufacturing companies listed on the Indonesia Stock Exchange in the 2015-2018 time frame. The research sample was selected by purposive sampling. Technical analysis of the study used logistic regression. The results of this study found that only fixed asset intensity and operating cash flow affect the revaluation of fixed assets and the scale of the company does not affect the decision of the revaluation of fixed assets. The implication of the results of the study shows that large-scale companies do not always revaluate fixed assets because they can cause taxes on revaluations that must be borne by the company. In addition, the practical implications also show that the Indonesian government must increase the number of licensed appraisers to compensate for the increasing number of companies adopting revaluation models.

China’s green watch program: beyond greenwashing

Purpose This paper aims to provide a more inclusive perspective on corporate greenwashing. Major ideas from impression management and transaction cost theory (TCT) helped in evaluating the likelihood of greenwashing within the Chinese context. Design/methodology/approach The sample consists of 184 Chinese public companies – 104 participating and 80 not participating in China’s green watch (GW) program. Using logistic regression, the analysis illustrates the importance of impression management and TCT as indicators of GW participation. Findings GW participation reduced the likelihood of GW firms joining substantive codes of conduct outside the GW program, indicating an important role of impression management and power relationships; a higher level of firm risk is associated with greater GW participation, signaling a higher level of risk tolerance; and higher levels of asset intensity increase the likelihood of GW participation, indicating a TCT connection. Research limitations/implications These findings present a strong case for going beyond greenwashing and further exploring the organizations’ multiple motives for sustainability. They “force” the authors to study impression management and greenwashing from a more “human” perspective. Practical implications Besides establishing sustainability legitimacy, substantive codes of conduct enhance a firm’s ability to attract capital – impression management behavior falls within the rules of the game to achieve legitimacy and competitive advantage. Originality/value This paper provides a complementary explanation for firms engaging in sustainability acts, beyond that offered by the greenwashing concept. It is demonstrated that firms do not necessarily desire to deceive others, but to realistically impress and influence them, most likely in pursuit of corporate objectives.

PENGARUH INTENSITAS ASET TETAP DAN INTENSITAS PERSEDIAAN TERHADAP PENGHINDARAN PAJAK DENGAN PERTUMBUHAN PENJUALAN SEBAGAI VARIABEL MODERASI

The purpose of this study was to examine the effect of fixed asset intensity and inventory intensity on tax avoidance with sales growth as moderation variable in consumer good companies listed on the Indonesia Stock Exchange during the period of 2014-2018. This study uses profitability and leverage as control variable on relationship between independent variables and dependent variable. This study uses purposive sampling method to sort data. The sample being researched are 23 companies with 5 years observation. Data processing is done by using SPSS. The hypothesis are tested using multiple linear regression. The result showed that there is significant negative influence between Fixed Asset Intensity with tax avoidance, there is significant negative influence between inventory intensity with tax avoidance. In addition, sales growth did not effect the influence between fixed asset intensity tax avoidance, and unable to moderate the influence between inventory intensity with tax avoidance.

Sticky cost behavior: evidence from small and medium sized enterprises in Turkey

Evidence regarding cost behavior mostly comes from big listed companies. Cost behavior of SMEs, which are backbones of economy, is under-researched. This paper intends to fill this gap by providing evidence on cost stickiness from SMEs in an emerging economy. Cost stickiness refers to the notion that costs increase and decrease by differing magnitude for a specific change in the activity volume. Analyses of data for Turkish SMEs from 2013 to 2017 indicate that; total costs, cost of goods sold and selling, general and administrative costs are sticky in varying degrees. Cost stickiness of total costs and selling general and administrative costs reverses following a revenue decline period. The degree of stickiness of all cost categories is positively related to asset intensity and employee intensity while the degree of stickiness of total costs and cost of goods sold is negatively related to debt intensity. The degree of cost stickiness is higher for small revenue decreases than for greater revenue decreases. Finally, firms in different industries have different cost behaviors.

외식기업의 자본구조가 기업성과에 미치는 영향에 관한 연구

This study examined the relationship between capital structure and performance of firms in the food service industry. The sample in the study is firm-year data compiled from 30 food service industry firms listed on the Korea Exchange from 2010 to 2018. A panel regression model was used for analysis considering that the sample has properties of the panel data. Dependent variables in our model were the proxies for the firm performance, such as stock price, return on assets, and return on equity. Explanatory variables were capital structure, such as total liability ratio, current liability ratio, and non-current liability ratio. In addition, control variables were selected as variables that were deemed to affect the firm performance, such as firm size, asset intensity, firm age, sales growth rate, and advertising expenses. We found that capital structure had a significant negative (-) effect on the financial and accounting performance of the firms. This implicates that, on the basis of the theory of trade-off capital structure, the firms use a relatively high level of debt compared to the optimal capital structure. Given that there have been few of studies on the relationship between capital structure and corporate performance of firms in the food service industry in Korea, this study is expected to contribute to activating research related to this area in the future.

Determinan Pengungkapan Aset Biologis (Studi Empiris pada Perusahaan Agriculture yang Terdaftar di Bursa Efek Indonesia

Disclosure of biological assets in agricultural companies has been ratified in 2018, which is about PSAK 69. This standard requires agricultural sector companies to provide disclosures about their biological assets. Several studies have been carried out by previous studies. However, studies in Indonesia are still limited. Therefore, there is a desire to investigate this phenomenon. The purpose of this study is to examine the influence of what factors influence the disclosure of biological assets. The population in this study are all agricultural companies listed on the Indonesia Stock Exchange for 2015-2018. The final sample in this study were 50 companies obtained using the purposive sampling method. Data were analyzed using multiple regression analysis. The results of this study indicate that the intensity of biological assets, Public Ownership, Audit Committee Meetings have a positive influence on the disclosure of biological assets.

FIXED ASSETS REVALUATION TO INCREASE VALUE RELEVANCE OF FINANCIAL STATEMENTS

The purpose of this study was to analyze revaluation practice and investigate the influence of leverage, liquidity, company size, fixed asset intensity, and the company’s growth toward the decision to revalued fixed assets. Samples involved in this study are infrastructure, utility, and transportation companies listed on the Indonesia Stock Exchange. There were only 12 companies that revalued fixed assets in 2012, 2013 and 2014 from a total of 75 companies analyzed. The data analyzed using logistic regression methods includes the overall model fit test, the goodness of fit test, coefficient of determination and hypothesis testing. These results indicate that leverage significantly positive effect on the decision to revalue their fixed asset. Liquidity, size, fixed asset proportion, and the company’s growth have not to influence to perform fixed asset revaluation.

Pengaruh Leverage, Intensitas Persediaan, Aset Tetap, Ukuran Perusahaan, Komisaris Independen Terhadap Agresivitas Pajak

This study aims to determine the effect of leverage, inventory intensity, fixed asset intensity, company SIZE, and independent commissioners on tax aggressiveness. The population and sample in this study are consumer goods industry companies listed on the IDX for the 2015-2018 period. The sampling technique of this study was using purposive sampling technique. The number of samples in this study were 28 consumer goods industry companies listed on the Indonesia Stock Exchange in the 2015-2016 period. The data analysis technique used in this study is multiple linear regression. Based on the results of the analysis conducted shows that there is a negative influence of leverage, the intensity of fixed assets, company SIZE, and independent commissioners on tax aggressiveness. While the intensity of the inventory has no effect on tax aggressiveness.

The valuation of vulnerable European options with risky collateral

This paper presents a model for valuing vulnerable European options with risky collateral under the assumption that the holder of vulnerable options could recover a proportion of the option value using the collateral account when default occurs. We describe the underlying asset and the risky collateral using correlated geometric Brownian motions and consider default risk in a reduced form model. An integral pricing formula of call options is derived when the default intensity follows an Ornstein–Uhlenbeck process. For practical purposes, we work under the default intensity captured by Cox–Ingersoll–Ross and Ornstein–Uhlenbeck processes respectively, and numerical results show that the differences in the values of vulnerable options under these two intensity processes are tiny. The impacts of risky collateral and default risk on option prices are illustrated. Specially, the effect of wrong (right) way risk can be reflected by the correlation between the underlying asset and default intensity.

Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Intensitas Aset Tetap dan Fasilitas Terhadap Manajemen Pajak dengan Indikator Tarif Pajak Efektif

This research aims to determine the effect of profitability, size, fixed asset intensity, and tax incentive to tax management using effective tax rates as an indicator. The data in this research obtained from the annual report of financial statements on manufacturing companies listed in the Indonesian Stock Exchange period 2011-2017. Sample selection method used purposive sampling method. Analytical techniques in this research used descriptive statistics, panel data regression, test classic assumptions and hypothesis testing. The total sample in this research are 48 companies. The result proves that profitability, size, tax incentive have a negative effect to tax management using effective tax rates as an indicator. Fix asset intensity has no effect to tax management using effective tax rates as an indicator.

How different cost behaviour is in emerging economies? Evidence from Argentina

PurposeCost behaviour literature is expanding its reach beyond developed economies; however, there is limited knowledge about its causes in emerging economies. This is an exploratory study of sticky costs behaviour determinants in Argentina, a country with periodic political and economic turbulence. The purpose of this paper is to test the effect of GDP, asset intensity, industry and cost type in an inflationary context.Design/methodology/approachAnderson et al. (2003) empirical regression (ABJ model) is replicated in Argentina with 667 observations from 96 firms between the years 2004 and 2012. It uses panel data and variables are defined as change rates between two periods. The sample excludes financial and insurance firms. It tests if sticky cost behaviour changes in periods of macroeconomic deceleration, or in firms belonging to industries with different asset intensity levels, or among different cost types.FindingsThe analysis shows that costs are sticky in Argentina, where a superb economic outlook is required to delay cutting resources or increasing costs. Cost behaviour is affected by social and cultural factors, such as labour inflexibility driven by powerful unions and not by protective employment laws, asset intensity (industry) and macroeconomic environment. Results suggest that costs are sticky for aggregate samples, but not for all subsamples.Practical implicationsAdministrative costs are sticky when GDP grows; but when growth declines, managers or firms do not delay cost cutting actions. Some subsamples are extreme cases of stickiness while others are anti-sticky, casting some doubt on the usefulness of sticky costs empirical tests applied to country-wide samples. Careful selection of observations for sticky costs studies in emerging economies is critical.Originality/valueEvidence from previous studies show that on average costs are remarkably sticky in Argentina; this study shows that cost reduction activities occur faster but are not persistent enough to change the aggregated long-term results of cost stickiness in the presence of moderate to high inflation. The study contributes to the literature by suggesting that observations used in sticky costs studies from emerging economies might be mainly from positive macroeconomic environments, might have skewed results due to extreme cases of stickiness or might be distorted by inflation.

The Role of Biological Asset Disclosure and Biological Asset Intensity in Influencing Firm Performance

: Research aims : The purpose of this study is to analyze the effect of biological asset intensity towards the company performance with biological asset disclosure as an intervening variable. Design/Methodology/Approach : The sample used in this study was firms engaged in the agricultural sector registered in Indonesia Stock Exchange 2015-2017 period. The sample selection method used was purposive sampling according to the required criteria. The analytical tools employed a mediation model based on path analysis using the software process. Research findings : The study results showed that biological asset intensity positively affected biological asset disclosure, biological asset intensity negatively affected the company performance, the biological asset disclosure positively affected the company performance, and the biological asset disclosure mediated the correlation between biological asset intensity and company performance. Theoretical contribution/ Originality : The biological asset disclosure mediated the correlation between biological asset intensity and company performance. Practitioner/Policy implication : This study is expected to encourage firms to be more concerned about biological asset disclosure to improve company performance. On the other hand, this study also helps the standard board see the biological asset disclosure in Indonesia considerably and develop the Indonesian Financial Accounting Standards Guidelines 69. Research limitation/Implication : This study used the Indonesian Financial Accounting Standards Guidelines 69, which is relatively new for companies that effectively implement these regulations.