Consequences of going concern opinion for firms and capital market with accounting firm size as moderation variable

This research aims to observe the consequences of going concern opinion (GCO) and examine the role of specialist accounting firms for the financial reports of business firms and capital markets. The research is based on an experimental study consisting of 107 undergraduate and graduate students who were asked to act as financial analysts. The GCO consequence for the financial reports of business firms is that the stock price of the corresponding firms will decline, but the decline will be smaller if the financial reports are audited by specialist accounting firms. The GCO consequence for rival firms is that the stock prices of the rival firms will rise if other companies in the same industry receive GCO, but the increase will be smaller if the companies receiving GCO are audited by specialized accounting firms. The GCO consequences of the capital markets is that the stock prices of all companies, the composite index and the market participants will increase, but the presence of a specialized accounting firm has not been proven to strengthen the market participants’ willingness to participate further in the stock market.peer-reviewe

Consequences of going concern opinion for financial reports of business firms and capital markets with auditor reputation as a moderation variable : an experimental study

This research aims to observe the consequences of going concern opinion (GCO) and examine the role of specialist accounting firms for the financial reports of business firms and capital markets. The research is based on an experimental study consisting of 107undergraduate and graduate students who were asked to act as financial analysts.The GCO consequence for the financial reports of business firms is that the stock price of the corresponding firms will decline, but the decline will be smaller if the financial reports are audited by specialist accounting firms. The GCO consequence for rival firms is that the stockprices of the rival firms will rise if other companies in the same industry receive GCO, but the increase will be smaller if the companies receiving GCO are audited by specialized accounting firms.The GCO consequences of the capital markets is that the stock prices of all companies, the composite index and the market participants will increase, but the presence of a specialized accounting firm has not been proven to strengthen the market participants’ willingness to participate further in the stock market.peer-reviewe

ANTECEDENTS AND CONSEQUENCES OF CARBON EMISSIONS’ DISCLOSURE: CASE STUDY OF OIL, GAS AND COAL COMPANIES IN NON-ANNEX 1 MEMBER COUNTRIES

The purpose of this study is to determine the characteristics of companies that voluntarily disclose carbon emissions and to examine the economic consequences of the carbon emissions’ disclosure. Companies used in the sample are oil, gas and coal companies in non-Annex 1 member countries registered in the Osiris database. The observation period was from the commencement of the Kyoto Protocol's second commitment to date, or from 2013 to 2016. Measuring the carbon emissions’ disclosure is achieved by using a checklist developed from an information request sheet from the CDP (Carbon Disclosure Project). An assessment of the extent of the disclosure is made using the content analysis method. Company characteristics are proxied with leverage, profitability and firm age, while the economic consequences are proxied by using bid-ask spreads, the trading volume and share price volatility. The data analysis method used in this research is the Partial Least Square (PLS) method using the WarpPLS 4.0 application. Test results show that leverage, profitability and firm age have a positive effect on the carbon emissions’ disclosure. Furthermore, the test results show that carbon emissions’ disclosures have a positive effect on the trading volume and a negative effect on the bid-ask spreads and share price volatility. The above findings imply that firms with higher leverage, higher profitability and are older are more willing to reveal their carbon emissions’ disclosures. The more information that is contained in a carbon emissions’ disclosure, the more investors are interested in trading that company's shares, while the broader the carbon emissions’ disclosure is, the smaller the bid-ask spread and the less volatile the stock price are

Does Financial Literation Moderate The Effect of Funding on The Sustainability of Micro Enterprises

Financing is one of the main supporting factors in the sustainability of micro businesses. Micro businesses are expected to be able to manage company finances professionally for the benefit and sustainability of their business. The purpose of this study is to examine financial literacy skills in moderating the effect of financing on the sustainability of micro businesses. The variables tested were financing, financial literacy and business sustainability.The population in this study is a micro-business that runs its business activities in Blora Regency, Central Java. The number of samples used in this study were 120 micro businesses, which were determined based on the purposive sampling method. The analytical tool used to test the hypothesis is simple regression and multiple regression using SPSS version 25.0. The results showed that financing has a positive effect on the sustainability of micro businesses and financial literacy strengthens the effect of financing on the sustainability of micro businesses.The implication of this study is that micro entrepreneurs are expected to be able to improve financial literacy skills, especially in terms of fund management because funds obtained from financing activities are vulnerable to the possibility of fraud and mismanagement

Apakah Pengungkapan Informasi Lingkungan Memoderasi Pengaruh Kinerja Lingkungan Dan Biaya Lingkungan Terhadap Nilai Perusahaan?

Tujuan penelitian ini untuk menguji pengaruh kinerja lingkungan dan biaya lingkungan terhadap nilai perusahaan dengan pengungkapan informasi lingkungan sebagai variabel moderasi. Kinerja lingkungan diukur dengan menggunakan peringkat yang diperoleh perusahaan dalam Program Penilaian Peringkat Kinerja Perusahaan dalam Pengelolaan Lingkungan (PROPER) yang diadakan oleh Kementerian Lingkungan Hidup dan Kehutanan. Biaya lingkungan diukur dengan rasio total biaya lingkungan dibagi dengan laba bersih setelah pajak. Pengungkapan informasi lingkungan diukur dengan checklist yang dikembangkan berdasarkan item lingkungan yang terkandung dalam Indeks GRI G4. Nilai perusahaan diukur dengan rasio Tobin Q. Populasi perusahaan adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Data penelitian diperoleh dari situs web Bursa Efek Indonesia dan situs web masing-masing perusahaan. Analisis data dalam penelitian ini menggunakan partial least square (PLS) menggunakan perangkat lunak WarpPLS. Hasil pengujian menunjukkan bahwa kinerja lingkungan tidak mempengaruhi nilai perusahaan. Biaya lingkungan berpengaruh negatif dan signifikan terhadap nilai perusahaan. Sementara pengungkapan lingkungan memoderasi pengaruh kinerja lingkungan dan biaya lingkungan terhadap nilai perusahaan. Abstract. The purpose of this study is to test the effect of environmental performance and environmental costs on company value with environmental information disclosure as a moderating variable. Environmental performance was measured using ratings obtained by the company in the Corporate Performance Rating Program in Environmental Management (PROPER) held by the Ministry of Environment and Forestry. Environmental costs are measured by the ratio of total environmental costs divided by net income after tax. Disclosure of environmental information is measured by a checklist developed based on environmental items contained in the GRI G4 Index. Company value is measured by the Tobin’s Q ratio. The population of the company is manufacturing companies listed on the Indonesia Stock Exchange. Research data were obtained from the Indonesia Stock Exchange website and the website of each company. Data analysis in this study used partial least square (PLS) using WarpPLS software. The test results show that environmental performance does not affect on firm value. Environmental costs have a negative and significant effect on firm value. While environmental disclosure moderates the effect of environmental performance and environmental costs on company value

Analysis of Factors that Affecting Cost Consciousness in Non-Profit Organizations

Abstract: The purpose of this study was to examine the effect of formal authority structure, accounting information system characteristics, work motivation and informal authority structure to cost consciousness mediated by manager behavior in decision control and decision management. The results of this study are expected to contribute to the development of theory, especially the theory of accounting behavior and add to managerial practices in improving the effectiveness and cost efficiency through the behavior of care costs. The research data is taken from non-profit organizations that provide educational services. Questionnaires were distributed to middle managers and structural officials in educational institutions. There are 250 questionnaires sent to respondents with a response rate of 62.8 percent. The analysis was done by using a two-step approach from SEM technique with Amos. The results show that formal authority structure has a positive effect on manager behavior in decision control and decision management. Characteristics of accounting information systems have a positive effect on manager behavior in decision control and decision management. Work motivation has no effect on manager behavior in decision control and decision management. The structure of informal authority has a positive effect on manager behavior in decision-making and decision management. Decision control and decision management have a positive effect on cost consciousness. The formal structure of authority and the structure of informal authorities have proven not to affect cost consciousness.Abstrak: Tujuan penelitian ini adalah untuk menguji pengaruh struktur kewenangan formal, karakteristik sistem informasi akuntansi, motivasi kerja dan struktur kewenangan informal terhadap kepedulian biaya yang dimediasi oleh perilaku manajer dalam pengendalian keputusan dan manajemen keputusan. Hasil penelitian ini diharapkan dapat memberi kontribusi untuk pengembangan teori, khususnya teori akuntansi keperilakuan dan memberi kontribusi terhadap praktik manajerial dalam meningkatkan efektivitas dan efisiensi biaya melalui perilaku peduli biaya. Data penelitian ini diambil dari organisasi nirlaba yang menyediakan layanan pendidikan. Kuesioner dibagikan kepada manajer menengah dan pejabat struktural di institusi pendidikan. Ada 250 kuesioner yang dikirim kepada responden dengan tingkat respon 62,8 persen. Analisis dilakukan dengan menggunakan two step approach dari teknik SEM dengan Amos. Hasil penelitian menunjukkan bahwa struktur kewenangan formal berpengaruh positif terhadap perilaku manajer dalam pengendalian keputusan dan manajemen keputusan. Karakteristik sistem informasi akuntansi berpengaruh positif terhadap perilaku manajer dalam pengendalian keputusan dan manajemen keputusan. Motivasi kerja tidak berpengaruh terhadap perilaku manajer dalam pengendalian keputusan dan manajemen keputusan. Struktur kewenangan informal berpengaruh positif terhadap perilaku manajer dalam pengendalian keputusan dan manajemen keputusan. Pengendalian keputusan dan manajemen keputusan terbukti berpengaruh positif terhadap kepedulian biaya. Struktur kewenangan formal dan struktur kewenangan informal terbukti tidak berpengaruh terhadap kepedulian biaya

Does economic growth moderate the effect of fundamental values on the stock return of Indonesian infrastructure companies?

In recent years, issues of infrastructure development and economic growth have become very popular topics during President Jokowi’s administration. Infrastructure development is expected to have an impact on economic growth. The purpose of this study was to examine the effect of fundamental values on the stock returns of infrastructure companies listed on the Indonesia Stock Exchange in 2015-2017 with economic growth as a moderating variable. This research uses a purposive sampling technique. The analytical method used is partial least squares with WarpPLS software version 6.0. the results show that EPS has a positive effect on stock returns while DER, PER, and NPM do not affect stock returns. Furthermore, it also indicates that economic growth does not moderate the effect of EPS and DER on stock returns. However, the results of the study prove that economic growth can moderate the effect of PER and NPM on stock returns. This research implies that government policy that sets priorities for infrastructure development needs to be supported because it is proven that the government policy has a positive effect on the profits and stock returns of infrastructure companies

Analisis Biaya Cadangan Risiko Pinjaman dan Cadangan Risiko Pinjaman Dalam Laporan Auditor Independen Unit Pengelola Keuangan (Studi Kasus: Badan Keswadayaan Masyarakat di Kabupaten Bantul Provinsi DIY)

This study examines whether there are differences in the cost of the loan risk reserves and the loan risk reserves between audit results data and financial reporting. The research sample consisted of the audit results report on 50 BKM (Badan Keswadayaan Masyarakat) in Kabupaten Bantul Provinsi Daerah IstimewaYogyakarta whichhave been audited by Budiman, Wawan, Pamudji and Partners Public Accounting Firmin 2014. This study found that the cost of the loan risk allowances and loan risk allowances between audit result and reporting differed significantly. The study concluded that almost all of BKM not charge cost and reserve risk of the loan according collectibility list that is used as the source of the audit resultscalculation. Keywords: Cost of the loan risk reserves, loan risk reserves, audit results, reporting.This study examines whether there are differences in the cost of the loan risk reserves and the loan risk reserves between audit results data and financial reporting. The research sample consisted of the audit results report on 50 BKM (Badan Keswadayaan Masyarakat) in Kabupaten Bantul Provinsi Daerah IstimewaYogyakarta whichhave been audited by Budiman, Wawan, Pamudji and Partners Public Accounting Firmin 2014. This study found that the cost of the loan risk allowances and loan risk allowances between audit result and reporting differed significantly. The study concluded that almost all of BKM not charge cost and reserve risk of the loan according collectibility list that is used as the source of the audit resultscalculation. Keywords: Cost of the loan risk reserves, loan risk reserves, audit results, reporting

ANALISIS PENGARUH VARIABEL MAKROEKONOMI REGIONAL TERHADAP TINGKAT KEMISKINAN PERKOTAAN (Studi Kasus 44 Kota di Indonesia Tahun 2007-2010)

Poverty is a multidimensional problem, it’s involves various aspects of life, from the economic to the social. The spread of poor people in Indonesia focused on urban and rural areas. Urban poverty becomes an increasingly relevant issue to be addressed, related to the dynamics of urban development and population growth that accompanies. Trend of population urbanization in Indonesia was followed by further poverty urbanization, it’s impact on the incidence of various aspects of the urban poverty problems and urban poverty have rigidity to decline, if compared to rural areas. Regional economic stability have influential on poverty, some macroeconomic variables be indicator. Efforts to address poverty should refer to the development of these variables. The purpose of this study was to analyze a regional macroeconomic variable, in this case GRDP, unemployment, and inflation in urban areas during the period 2007-2010. This study, uses secondary data in panel data form, consisting of time series data over the period 2007-2010 and a cross section 44 cities in Indonesia. The approach to estimate the panel data is Fixed Effect Model (FEM), by including a dummy variable in the equation, also known as the Least Square Dummy Variable (lSDV). Dummy variables regions used in this research model because of each difference in the characteristics and resources of each region. The results showed that GRDP variables have significant negative effect on poverty. Meanwhile, unemployment and inflation variables have positive and significant impact on poverty. Thus, GRDP, unemployment, and inflation is worth a consideration in formulating policies to address the problem of urban povert