Mining Sub-sector Research Articles

Determinants of Tax Avoidance with Profitability as a Moderating Variable

This research aims to test the influence of sales growth, leverage and transfer pricing on tax avoidance with profitability as a moderating variable. The population in this research is mining sub-sector manufacturing companies listed on the Indonesia Stock Exchange in 2019-2022. The sampling method used purposive sampling which resulted in 165 samples from 63 companies. The results of this research show that sales growth have an positive effect on tax avoidance and transfer pricing have an negative effect on Tax Avoidance. Leverage has no effect on tax avoidance. This study found empirical evidence that Profitability strengthens the influence of the Leverage and Transfer Pricing variables on tax avoidance. Profitability weakens the influence of the sales growth on tax avoidance. Keywords: Tax Avoidance; Sales Growth; Leverage; Transfer Pricing; Profitability.

Profitability, Leverage, Firm Value through Dividend Policy (Empirical Study on Coal and Lignite Mining Sub-Sector Companies on the IDX 2017-2022)

This study examines the influence of profitability and leverage on firm value as mediated by dividend policy. The research employs quantitative approaches, examining comparative cause-and-effect links utilizing secondary data from each company's financial records, obtained from either the company's official website or the IDX. This study used a non-probability, purposive sampling technique in coal and lignite subsector companies listed on the IDX from 2017 to 2022, using complete financial data. The research data is panel data examined using Eviews 12 with the subsequent steps of analysis: descriptive statistics, regression model estimation, classical assumptions, panel data regression, and path analysis using the sobel test. The analysis suggests that profitability and leverage have a significant positive effect on firm value, dividend policy has no effect on firm value, profitability has no influence on dividend policy, and leverage increases dividend policy. Consequently, dividend policy cannot mediate the effect of profitability but can mediate the effect of leverage on firm value.

Application of VAR-GARCH for Modeling the Causal Relationship of Stock Prices in the Mining Sub-sector

Accurate modeling is expected to minimize risk and maximize profit in investment portfolios, one ofwhich is in stock price modeling. This research aims to model the causal relationship between stockprices using the Vector Autoregressive - Generalized Autoregressive Conditional Heteroskedasticity(VAR-GARCH) model. The VAR-GARCH model is used to overcome heteroscedasticity and modeldynamic volatility. The data used for the modeling consists of daily stock prices from July 2023 toMay 2024 for mining sub-sector companies listed on the Jakarta Islamic Index (JII), including ADMR,ADRO, and ANTM. The results showed that the VAR(1) model is stable, but this model indicates thepresence of heteroskedasticity or ARCH effects. Therefore, the VAR(1) model was combined with theGARCH model, and the results showed that the best model is VAR(1)-GARCH(1,1). The VAR(1)-GARCH(1,1) model is appropriate and meets the homoskedasticity assumptions for modeling the stockprices of the mining sub-sector in the Jakarta Islamic Index (JII). This indicates that the VAR-GARCHmodel could successfully handle the volatility of stock price data. In general, this research is in linewith previous research, i.e., the VAR-GARCH model showed a better model for capturing the volatilitypatterns in the data.

Implementation of Green Accounting to Support High-Quality SDGs Disclosure and Enhance Stock Prices

Natural resources are the primary raw materials produced by companies within the Mining Sector. Their products are not only needed by the Indonesian community but also by people in other countries. In the context of business expansion, the mining sector requires significant funding. In reality, based on data obtained from the Indonesia Stock Exchange, the stock prices in this sector continue to decline. The fact that many companies disclose Sustainability Development Goals in a non-detailed manner is a cause of the decline in a company's reputation in the eyes of the public. The suboptimal disclosure of Sustainable Development Goals is due to the fact that many companies in the mining sub-sector are neglecting their obligations for reclamation funds, commonly referred to as Green Accounting. The aim of this research is to analyze that relationship. The totalresearch observations are 45 companies and will be tested using path analysis. The research results indicate that the implementation of Green Accounting can enhance the quality of Sustainability Development Goals disclosure, High-quality Sustainability Development Goals disclosure can increase Stock Prices, and the implementation of Green Accounting can boost Stock Prices through high-quality SDGs disclosure.

Pengaruh Transformasi Struktural dan Pertumbuhan Ekonomi terhadap Ketimpangan Pendapatan di Sulawesi Tenggara

Economic development basically focuses its attention on the process of changing the underdeveloped economic structure so as to enable the emergence of new industries to replace the agricultural sector as the driving force of economic growth. The industrial sector has the largest contribution to the formation of the Gross Regional Domestic Product in Southeast Sulawesi Province. However, when considering employment absorption by sector, the concentration of labor absorption remains focused on the agriculture and services sectors. The industrial sector has the smallest share in terms of employment absorption among sectors in Southeast Sulawesi Province. The aim of this research is to analyze the influence of structural transformation and economic growth on income inequality in Southeast Sulawesi Province. The method used is panel data regression analysis. Research findings show that the transformation of the industrial sector, the transformation of the industrial sector without mining, and economic growth have a negative impact on income inequality. Meanwhile, the service sector transformation variable and economic growth without the mining subsector have a positive impact on increasing income inequality in Southeast Sulawesi Province.

The Influence of Debt To Equity Ratio and Earning Per Share on Share Prices in Coal Mining Sub-Sector Companies Listed on the Indonesian Stock Exchange in 2020-2023

The Influence of Debt To Equity Ratio and Earning Per Share on Share Prices in Coal Mining Sub-Sector Companies Listed on the Indonesian Stock Exchange in 2020-2023

The Effect of Operating Cash Flow on Cash Dividends and Stock Prices as Intervening Variables in Mining Sub-Sector Companies Listed on the Bursa Efek Indonesia 2018-2022

The benefits of cash flow to estimate future cash flows to determine a company's ability to pay dividends to shareholders, interest payments and loan principal to creditors. The development of these mining projects seems to have an impact on dividend distribution or payment, although profits are increasing, but many companies have become unstable in distributing dividends to their shareholders. This study aims to assess the influence of operating cash flow and cash dividends on stock prices as intevening variables. In this study, the data used is panel data, which is a combination of time series data and cross section data. The time series data used is 2018-2022. The population in this study is all mining sub-sector companies listed on the Bursa Efek Indonesia. The determination of the sample in this study was carried out using the purposive sampling method, with the main criterion of LQ45 index companies. The results of this study found that Operating Cash Flow has an effect on Cash Dividends, then Cash Dividends have an effect on Stock Prices. Keywords: Operating Cash Flow, Cash Dividends, Stock Prices

The Effect of Net Profit on Cash Dividends and Stock Prices as Intervening Variables in Mining Sub-Sector Companies Listed on the Indonesia Stock Exchange 2018-2022

A positive increase in net profit can cause the stock price to rise, because this increase in stock price can affect investor perception and managerial decisions, including certainty regarding future dividend distribution. This study aims to assess the influence of net profit and cash dividends on stock prices as intevening variables. In this study, the data used is panel data, which is a combination of time series data and cross section data. The time series data used is 2018-2022. The population in this study is all mining sub-sector companies listed on the Indonesia stock exchange. The determination of the sample in this study was carried out using the purposive sampling method, with the main criterion of LQ45 index companies. The results of this study found that Net Profit has an effect on Cash Dividends, then Cash Dividends have an effect on Stock Prices.

The Influence of Liquidity and Profitability on Firm Value with Capital Structure as The Intervening (Study on Mining Sector Listed on IDX 2016-2020)

This study aims to determine The Influence of Liquidity and Profitability on Firm Value with Capital Structure as The Intervening that study on the Mining Sector listed on IDX 2016-2020. The population used in this study were all mining sector companies listed on the Indonesia Stock Exchange (IDX) from 2016 to 2020. The population in this study were 52 mining sector companies conducted at the Indonesia Stock Exchange (IDX). The Indonesian Stock Exchange was determined as the research location by considering that the Indonesian Stock Exchange is one of the centres for selling shares of companies that go public in Indonesia. Secondary data which contains dependent and independent variables which were carried out in mining sub-sector manufacturing companies listed on the IDX for the period 2016 – 2020. In this study, the authors used a quantitative method with a descriptive and verification research approach. The technique of taking research samples using purposive sampling technique (8 companies). The results show that liquidity has a significant negative effect on firm value. profitabilityhas a significant negative effect on firm value, liquidity has a significant negative effect on capital structure, profitability has a significant negative effect on capital structure, capital structure has a significant positive effect on firm value, capital structure is unable to mediate the relationship between liquidity and firm value, capital structure is unable to mediate the relationship between profitability and firm value.

Discovering the Intriguing Dynamics of Transfer Pricing: Tax Burden, Foreign Ownership, and Company Size

ownership, and company size on transfer pricing practices within the mining subsector of manufacturing companies listed on the Indonesia Stock Exchange from 2018 to 2022. Through purposive sampling, 35 datasets out of a total population of 40 companies were selected for analysis. Multiple linear regression served as the analytical tool, and hypothesis testing was executed using SPSS version 25 software. The findings underscore that both tax burden and foreign ownership wield significant influence over transfer pricing practices. Notably, companies exhibit a propensity to leverage transfer pricing as a strategic tool for tax burden management, particularly in instances of heightened foreign ownership. Interestingly, however, company size does not exhibit a significant impact on transfer pricing practices, suggesting that entities of varying magnitudes within this subsector tend to adopt analogous approaches to transfer pricing policies. These findings are pivotal for both regulatory bodies and corporate managers, as they provide valuable insights into the factors shaping transfer pricing practices. Moreover, the formulation of tax policies geared towards fostering transparency and equity in business operations. By comprehensively understanding the dynamics at play in transfer pricing, stakeholders can navigate regulatory landscapes more adeptly and devise strategies that promote fairness and compliance within the realm of taxation. This study thus contributes to the broader discourse on tax policy and corporate governance, offering a nuanced understanding of the intricate relationship between tax structures, ownership dynamics, and corporate practices within the mining subsector of Indonesia's manufacturing industry.

Pengaruh Green Accounting Dan Kinerja Lingkungan Terhadap Kinerja Keuangan Perusahaan Sub Sektor Tambang Batubara

This research aims to determine and analyze the influence of Green Accounting on financial performance, the influence of environmental performance on financial performance, and the influence of Green Accounting and environmental performance on financial performance in coal mining subsector companies listed on the Indonesia Stock Exchange (BEI) for the 2018-2022 period. This research uses 35 samples of coal mining subsector companies listed on the Indonesia Stock Exchange (BEI). The sampling technique uses the purposive sampling method. Purposive sampling is a sampling method taken based on criteria determined by the researcher. The variable in this research is financial performance which uses profitability ratios as measured by ROA and ROE as dependent variables and Green Accounting and Environmental Performance as independent variables. This research uses multiple linear analysis methods and uses SPSS version 25 software as a tool for testing multiple linear regression and descriptive statistical tests. The results of this research show that Green Accounting and financial performance calculated using ROA have an influence while using ROE calculations have no effect. Environmental performance does not have a significant effect on financial performance calculated using ROA, while that calculated using ROE has a significant effect. Green Accounting and environmental performance on financial performance simultaneously independent variables have an influence on the dependent variable. Keywords: Green Accounting, Environmental Performance, Financial Performance (ROA) and (ROE)

Pengaruh Green Accounting dan Corporate Social Responsibility terhadap Profitabilitas

This study aims to examine the effect of Green Accounting and Corporate Social Responsibility on Profitability. The object of this research is the mining sub-sector energy sector companies listed on the IDX in 2019-2021 with certain criteria. The sampling method in this study was purposive sampling by producing a sample of 45 samples. The data analysis technique in this study used Stata14 with the results of Green Accounting research affecting profitability and Corporate Social Responsibility having no effect on profitability. Keywords: Green Accounting, Corporate Social Responsibility, Profitability

THE EFFECT OF FINANCIAL RATIOS AND COMPANY SIZE ON COMPANY VALUE (CASE STUDY ON MANUFACTURING COMPANIES LISTED ON IDX FOR THE 2021-2022 PERIOD)

The purpose of the study is to determine how company size, profitability, leverage, and liquidity affect the value of mining subsector manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2021–2022. IBM SPSS Statistics 23 was used to test the data in this quantitative research design. Using purposive sampling techniques, the research sample consisted of 27 companies that met the main criteria of being listed on the Indonesia Stock Exchange in 2021–2022. Multiple linear regression, classical assumption testing, descriptive statistical analysis, and hypothesis testing are the analytical techniques used. Research findings show that in mining subsector manufacturing companies in 2021–2022, profitability, leverage, liquidity, and company size have a considerable positive influence on company value.

Dampak Rasio Keuangan terhadap Nilai Perusahaan dengan Pemoderasi Pengungkapan Corporate Social Responsibility pada Perusahaan Pertambangan Batu Bara

This study investigates the relationship between profitability parameters and company size and firm value moderated by disclosure of corporate social responsibility in the coal mining sub-sector which is traded on the Indonesia Stock Exchange. The results of the study found that firm value increases with profitability, decreases significantly with firm size, profitability moderated by disclosure of corporate social responsibility has a significant negative effect on firm value, and firm size moderated by disclosure of corporate social responsibility cannot contribute to firm value. Moderate regression analysis used for data analysis in this study is Moderated Regression Analysis (MRA).

Effects of environmental information disclosure on the green development of mining industry: Evidence from Chinese provincial mining sub-sectors

How environmental information disclosure (EID) affects green transformation of mining industry (MI) is still unknown. Based on the panel data of China's provincial mining sub-sectors, this study explores the effects of EID on the green total factor productivity (GTFP) of China's mining sub-sectors and its influence mechanism. The research shows that EID exerts an inverted U-shaped influence on the GTFP growth of MI, implying that reasonable EID facilitates the green transformation of China's MI, while excessively EID requirements may be counterproductive. The above conclusion still holds after considering the endogeneity and conducting a series of robustness tests. Further analysis shows that the impact of EID on the GTFP of MI has a lag and long-term, and the current EID affects its future GTFP. Meanwhile, EID has a more remarkable effect on the GTFP of the MI in the eastern and central regions and the mining and washing of coal (S3) and extraction of petroleum and natural gas (S4). Mechanism analysis reveals that EID affects the GTFP of the MI through technological innovation, but due to the ‘black expected effect’, EID is still unable to increase the GTFP of the MI through energy structure. This study provides important insights for the government to fully leverage the positive role of social supervision in promoting the green development of heavy polluting industries such as MI.

The Role of Monetary Policy to Stock Market in Indonesia: The Case of the Mining Sector

This study aims to analyze the long-term and short-term effects, causality, and effectiveness of monetary policy on mining subsector stocks in Indonesia. This study uses the Vector Error Correction Model (VECM) method and uses secondary data with an analysis period of 2000 to 2020 with monthly data frequency. The total sample used was 252 months. The results of this study show that in the short term, economic growth and exchange rates hurt the mining subsector stock price index. While the world crude oil price has a positive and significant effect on the mining sub-sector stock price index. In contrast to interest rates that do not affect the mining sub-sector stock price index. Different analyses result in the long term, namely only interest rates and economic growth that affect the mining sub-sector stock price index. Interest rates in the long term have a positive and significant effect, while economic growth has a negative and significant effect on the mining sub-sector stock price index. This study's results also show a one-way causality or reciprocal relationship between the exchange rate and the mining sub-sector stock price index, the mining sub-sector stock price index and oil prices, and interest rates on the mining sub-sector stock price index. At the same time, economic growth has no causality relationship to the mining subsector stock price index. It is expected that business actors will be able to adopt environmentally friendly monetary policies as stipulated by the central bank in Bank Indonesia Regulation Number 24/5/PBI 2022 for the sake of economic sustainability in Indonesia.

Analisis Capital Expenditure, Foreign Independent Directors, dan Manajemen Risiko Terhadap Nilai Perusahaan

Indonesia, known as the country with the largest natural resource potential in the world, especially in the energy sector, is an important contributor to Non-Tax State Revenue. The main source of this income in Indonesia comes from the energy sector, especially the oil and gas and mining sub-sectors. In this context, it is very important for companies that manage energy resources to increase their value, so that they can continue to carry out research and development related to these resources. This research aims to examine and show the influence of capital expenditure, foreign independent directors, and risk management on the value of companies operating in the oil and gas and mineral and coal sub-sector in Indonesia, which are listed on the Indonesia Stock Exchange (BEI) during the 2016-2020 period. This research uses quantitative descriptive research methods, with multiple linear regression analysis as the analysis technique. The sample selection method used was purposive sampling, with a total of 95 samples. The research results show that capital expenditure and risk management have a significant effect on company value. However, foreign independent directors do not have a significant influence on firm value. The implication of this research is that companies can increase investment in capital assets and implement risk

Pengukuran PDRB Hijau Subsektor Pertambangan Batubara di Provinsi Kalimantan Selatan

This study aimed to determine the value of natural resource depletion and land degradation and the importance of green GRDP in the coal mining sub-sector of South Kalimantan Province by using a green GRDP calculation approach. This research is descriptive research with a quantitative approach. The data type used is secondary data in the form of a time series from 2016 to 2020. The results of the analysis of this study indicate that the value of coal resource depletion has fluctuated, with the highest value acquisition occurring in 2018, which was Rp73,78 billion. Meanwhile, the degradation value of coal mining land is tremendous, with the highest acquisition value of Rp—66.88 trillion in 2018. The Green GRDP value of the Coal Mining Subsector shows a negative value. This means the value of depreciation or reduction and environmental damage from coal mining activities is greater than the added value generated from the coal mining sub-sector.

Assessment of Water and Stream Sediment Pollution Related to Artisanal Mining in Alga, Burkina Faso, West Africa

Burkina Faso, like several other countries in the Sahelo-Sahelian strip, has seen a significant change in its mining sector in recent years through the development of the industrial and artisanal mining sub-sectors. The purpose of this study is to assess the level of pollution of water and stream sediments in the study area. A total of twenty-eight samples were taken, including three surface water samples, nine groundwater samples, ten stream sediment samples and six mine tailings samples. The analysis of the physico-chemical parameters and the metal content (cadmium, chrome, copper, mercury, nickel, lead, zinc and arsenic) of the water show that the values meet the drinking water standards in force in Burkina Faso. However, the various indices calculated, namely the geo-accumulation index (Igeo), the contamination factor (CF) and the enrichment factor (EF) show that the total metal contents of stream sediments are not d lithogenic (natural) origin but attributable to artisanal mining in the village of Alga. They highlight metal pollution with high levels of arsenic and cadmium and extremely high levels of mercury.

The Effect of Company Growth and Liquidity on Company Value with Capital Structure as an Intervening Variable

This study aims to obtain empirical evidence about the effect of company growth and liquidity on firm value, with capital structure as the intervening variable. The company's growth variable is measured using the percentage increase in the company's total sales, the difference between the company's total sales in this period and the previous period's total sales. The variable liquidity is measured by the current ratio, which is a measurement of the current assets owned by the company and the current liabilities of the company. The capital structure variable as an intervening variable is measured by the debt-to-equity ratio, which is the ratio between the total debt owned by the company and the capital owned by the company itself. The firm value variable as the dependent variable is measured based on the book value of the stock price, namely the stock price compared to the book value per share. The population in this study used 24 coal sub-sector mining companies listed on the IDX for the 2018–2022 period. The sample was selected using a purposive sampling method. The researcher obtained a sample of 11 companies in the coal mining sub-sector. The results of this study found that while company growth has no effect on capital structure, liquidity has a negative effect on capital structure. Company growth, liquidity, and capital structure have no effect on firm value. The capital structure is unable to mediate the relationship between company growth and liquidity and firm value.