RELEVANSI NILAI INFORMASI AKUNTANSI, PENGUNGKAPAN UPAYA DIGITALISASI DAN MODAL INTELEKTUAL DENGAN MODAL MANUSIA SEBAGAI VARIABEL MODERASI

This paper aims to assess the value relevance of accounting information and other information. This study investigates whether accounting information, intellectual capital and digitalization initiatives influence share market value. Further, this study investigates the moderator effect of human capital on the relationship between process and relational capital on market share. The Ohlson (1995) model was used to measure the value relevance of accounting information, digitalization initiative and intellectual capital. The study uses a multiple regression model to apply the Ohlson model (1995) to 412 firm-year observations of manufacture listed companies for the four-year period 2016–2019. This study also uses the portfolio return approach to measure the value relevance of accounting earnings. The findings documented that the fundamental variables of the Ohlson model consist of book value and earnings are positively related to the market value. Digitalization initiative has value relevance. In the Intellectuals Capital variables, which reflect process capital, the coefficient is significant but not in the predicted direction. And relation capital has a meaningful relationship with the market value, except for the human capital, the findings do not support the hypothesis. Human Capital moderates the relation between Process capital and share prices, and human capital moderates relational capital and share prices. The results of the portfolio return approach show that accounting earnings do not have value relevance.     Penelitian ini bertujuan mengkaji informasi akuntansi dan informasi lain. Penelitian ini menguji apakah informasi akuntansi, model intelektual dan upaya digitalisasi mempunyai pengaruh terhadap harga pasar saham. Selanjutnya penelitian ini juga menguji efek moderator dari modal manusia terhadap hubungan antara modal proses dan modal rasional pada harga saham. Model Ohlson (1995) digunakan untuk mengukur relevansi informasi akuntansi, upaya digitalisasi dan modal intelektual. Modal ini digunakan untuk menguji 412 observasi perusahaan manufaktur yang terdaftar pada Bursa Efek Indonesia periode 2016-2019 dengan menggunakan pendekatan analisis regresi. Penelitian ini juga menggunakan pendekatan portofolio return untuk mengukur relevansi nilai laba akuntansi. Hasil penelitian menunjukkan bahwa variabel fundamental dari model Ohlson (1995) yaitu nilai buku dan laba berpengaruh positif terhadap harga pasar. Upaya digitalisasi memiliki relevansi nilai. Variabel modal intelektual  yang mencerminkan modal proses mempunyai koefisien yang signifikan tetapi arah koefisien tidak sesuai dengan yang dirumuskan dalam hipotesis. Modal relasional memiliki relevansi nilai sedangkan modal manusia tidak memiliki relevansi nilai. Modal manusia memoderasi modal proses dengan harga saham dan modal manusia memoderasi modal relasional dengan harga saham. Hasil dari pengujian portfolio return menunjukkan bahwa laba akuntansi yang diportofoliokan berdasarkan besarnya perubahan laba dan tanda perubahan laba tidak memiliki relevansi nilai

PENGARUH SIKAP, NORMA SUBYEKTIF DAN KOMITMEN ORGANISASI TERHADAP NIAT UNTUK MELAKUKAN WHISTLEBLOWING

Everyone can become a whistleblower, but they face an ethical dilemma, whether they have to disclose the fraud that they know or not. The purposes of this study were to examine the effect of attitude, subjective norms and organizational commitment on whistleblowing intention. Data were collected using questionnaires and analyzed using multiple linear regressions. The samples of this study were 85 respondents from BPK RI and BPKP West Sumatera. The results showed that subjective norms have positive effect on the intention of whistle-blowing action, while organizational commitment has no effect on whistleblowing intention. Surprisingly, this study found attitude has negative effect on the intention of whistle-blowing action. It means the better attitude, the lower the whistleblowing intention

Sustainability Report, Intellectual Capital dan Nilai Perusahaan

With the growing demand from stakeholders for published information, sustainability reporting and intellectual capital become the most critical issues in the business. Therefore, this study examines the effect of SR and IC on 42 energy and basic material companies’ value during 2016-2020. The test results found that sustainability report increase firm value but intellectual capital doesn’t affect the firm value.  The additional test found that the economic and social categories in the sustainability report increased firm value, surprisingly environment sector did not affect firm value. This research contributes to the government making regulations on the company’s sustainability report, especially the environment, and also contributes to the company giving more attention to the company’s intellectual capital, especially for energy and basic material companies

Faktor Penentu Kinerja Manajerial Sektor Kesehatan

Penelitian ini bertujuan untuk menganalisis faktor-faktor penentu yang dapat meningkatkan kinerja manajerial pada sector kesehatan. Faktor-faktor tersebut terdiri dari partisipasi anggaran, informasi akuntansi, dan komitmen organisasi. kemudian gaya kepemimpinan sebagai variabel moderasi juga menjadi pendukung dalam menghubungkan faktor-faktor penentu pada kinerja manajerial. Pengambilan populasi dan sampel berdasarkan pada kepala bidang keuangan rumah sakit dan klinik yang ada di Kota Padang. Metode pemilihan sampel yang digunakan adalah simple random sampling. Teknik analisis yang digunakan dalam penelitian ini adalah Partial least square. Hasil pengungkapan dalam penelitian ini yaitu, partisipasi anggaran dan komitmen organisasi tidak berpengaruh terhadap kinerja manajerial, sedangkan informasi akuntansi memiliki pengaruh terhadap kinerja manajerial. Gaya kepemimpinan sebagai variabel moderasi dapat mempengaruhi kinerja manajerial, namun gaya kepemimpinan tidak dapat memoderasi hubungan antara partisipasi anggaran, informasi akuntansi dan komitmen organisasi dengan kinerja manajerial

KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, KEBIJAKAN DIVIDEN DAN NILAI PERUSAHAAN: INVESTMENT DECISIONS, FUNDING DECISIONS, DIVIDEND POLICY AND COMPANY VALUE

Every company will maximize its value. This study examines how company value is affected by investment decisions, financing, and dividend policies. The sample for this study is the consumer goods industry, which was selected by purposive sampling. According to this study’s findings, financing decisions have an effect on a company’s value, while investment decisions and dividend policies have no impact on a company’s value

Relevance of Earnings Value, Book Value, and Operating Cash Flow in Manufacturing Companies in Indonesia

Research aims: This study examines the value relevance of accounting information consisting of earnings information, book values, and operating cash flows after Indonesia uses the full convergence of IFRS Financial Accounting Standards.Design/Methodology/Approach: The value relevance test was conducted using Ohlson's (1995) pricing model and Easton and Harris' (1991) return model. The valuation model test employed two regression equations, i.e., testing the relationship between earnings information and book value with stock prices and then testing the relationship between earnings information, book value, and cash flow with stock prices. In addition, the return model testing was performed to examine the relationship between earnings information and earnings changes with stock returns and the relationship between cash flow and cash flow changes with stock returns. The research sample was 105 manufacturing companies, with a research period from 2016 to 2019.Research findings: The test results with the pricing model approach revealed that earnings and cash flow had value relevance, while book value had no value relevance. This study’s results suggest that earnings and cash flow information are helpful for investors in making investment decisions. Moreover, the test results with the return model approach also uncovered those earnings, changes in earnings, and changes in operating cash flows had value relevance while operating cash flows, on the other hand, had no value relevance.Theoretical contribution/Originality: The utilized two models complement each other, and this study provides empirical evidence for standard setters who can renew beliefs about how much accounting information is reflected in stock prices in Indonesia, especially the manufacturing sector, after the full convergence of IFRS Financial Accounting Standards is applied

Profesionalisme, Sensitivitas Etika, Personal Cost Dan Intensi Melakukan Whistleblowing

Whistleblowing in government institutions is a controversial topic regarding its impact on employees, companies and society. Although whistleblowers face a dilemma, the majority of fraud disclosures originate from employees or internal parties. The impact of professionalism, ethical sensitivity, and personal cost on whistleblowing intention is investigated in this study. The purposive sampling method was used to choose 54 tax employees from KPP Pratama Bukittinggi in West Sumatra as respondents. The result found professionalism and personal cost had an effect on whistleblowing intention, while ethical sensitivity had no effect. These findings can be used by the government and policymakers to improve professionalism in their work and boost whistleblower protection