PENGARUH MEDIASI PROFITABILITAS TERHADAP HUBUNGAN LEVERAGE DAN PENGHINDARAN PAJAK: STUDI DI PERUSAHAAN REAL ESTATE & PROPERTI YANG TERDAFTAR DI BEI

ABSTRACTProfitability and Leverage are tax avoidance factors that aim to increase profits, the researcher wants to examine and analyze the effect of profitability, leverage on tax avoidance with profitability and leverage as independent variables and tax avoidance dependent variables using secondary data and samples in the form of financial statements of 28 companies. Real Estate and Property listed on the IDX 20172018. Samples were taken using probability sampling techniques and analyzed using purpose sampling techniques. In this study using SPSS and it was found that profitability and leverage affect tax avoidance. 

CAPITAL ASSET PRICING MODEL METHOD USED IN MEASURING AND ANALYZING COMPANIES LISTED IN PEFINDO25 AT INDONESIA STOCK EXCHANGE PERIOD 2015

The industry in Indonesia is an interesting business to capitalize. In Indonesia many companies were established since it is profitable. The capital market serves as an economic pillar in most countries. Indonesia is a rich country, rich in many ways especially in natural resources. However, the industry has its ups and downs in the stock market. It is interesting to see the performance of the companies listed in the Indonesia Stock Exchange.  This study aimed to measure and analyze companies listed in Pefindo25 at Indonesian Stock Exchange using Capital Asset Pricing Model. The sample used is 25 companies listed at Pefindo25 index. Based on the results of the study, it can conclude that after analyzing the companies listed in the Indonesian Stock Exchange using Capital Asset Pricing Model that based on Beta analysis, the companies have the type of stocks that are aggressive and defensive. With positive and negative return. The company with aggressive beta shows that the company tend to face higher risk, as JPFA find itself with positif return 15.47% expected return. And companies with defensive type of stocks tend to have positive return such as: FISH, STTP, AISA, APLN, and others since they are not sensitive to market changes. It is recommended for further research to look on this CAPM method in analyzing the stock investment

THE EFFECT OF FRAUD TRIANGLE IN DETECTING FINANCIAL STATEMENT FRAUD

Financial statements are a form of a report presented by a company that shows the financial performance of the company. In many cases of financial report fraud committed by Public Accounting Firm, they beautify the financial statements so that many investors are interested in the company. Therefore, this study aims to examine the influence of the Fraud Triangle factor in detecting fraudulent financial statements. The object of this study uses the financial statements of the Cigarettes and Cosmetics subsectors that are listed on the Indonesia Stock Exchange in the period 2016-2018. This study uses thirty sample data using purposive methods based on criteria. Data analysis using logistic linear regression analysis. The results showed that Rationalization had a significant effect on financial statement fraud. Meanwhile, Financial Stability, External Pressure, Personal Financial Need, Financial Targets, Ineffective Monitoring, Nature of Industry have no significant effect on financial statement fraud.Keywords: Fraud, Pressure, Opportunity, Rationalization, Financial Statement Frau

CAPITAL ASSET PRICING MODEL: AN EVIDENCE OF RISK AND RETURN OF INVESTMENT OF COMPANIES AT FOOD AND BEVERAGE SUB SECTOR AT INDONESIA STOCK EXCHANGE

The economic development of a country surely is goal for any country. There are many ways that can be done to measure it, one of them by knowing the level of development of capital markets and securities industries in the country. This study aimed to measure and analyze food and beverage sub sector of the Indonesian Stock Exchange using Capital Asset Pricing Model. The sample used is active companies in stock transaction, such as: ADES, AISA, ALTO, CEKA, ICBP, INDF, MLBI, MYOR, ROTI, ULTJ listed in food and beverage sub sectors. Based on the results of the study, it can conclude that after analyzing the food and beverage sub sector of the Indonesian Stock Exchange using Capital Asset Pricing Model, Beta that is significant shows that the stock is worthy to invest, and they are AISA, INDF, ICBP and ROTI based on the period observed from January to March 2015. This indicate that in the first quarter of 2015, the four stocks shows great promises for investor to invest and out of the four, ICBP has positive rate of return

Liquidity, Profitability On Firm Value: An Evidence of Transportation Company Listed at Indonesian Stock Exchange

Transportation companies in Indonesia are one of the most important company because they are really helpful for the people in Indonesia in order to deliver people from place to place especially in the country with lots of islands. The purpose of this study was to look at the effect of liquidity, profitability on firm value in the Transportation Sub Sector in the Indonesia Stock Exchange. The population of this study is the transportation companies listed on the Indonesia Stock Exchange which are supported by 10 companies with an observation period of 2 years, namely in 2016-2017.The method used in this research is descriptive, by using the Current ratio for liquidity, Return On Equity for profitability, and price to book value for firm value. The analysis of the data is using descriptive statistics, normality test, significant test, and regression linear. The results showed that there is a significant relationship between Liquidity and Profitability on Firm Value in the Transportation Sub Sector in the Indonesia Stock Exchange seen from F count 3.594 with a significant value of 0.05 at α=10%. The result descriptive result shows that sub-sector has average liquidity of 1.1656 and profitability of 3.55%. This result indicates that transportation companies have difficulties in their ability to gain profit and are generally liquid. Thus it is recommended for companies in the transportation sub-sector to have liquidity in their operation and focus on their ability to gain profit to maximize firm value.&nbsp

INVESTMENT OPPORTUNITY SET AND CAPITAL STRUCTURE ON STOCK RETURN WITH PROFITABILITY AS THE CONTROL VARIABLE: AN EVIDENCE OF BANK COMPANIES IN INFOBANK15

The purpose of this study aimed to look at the effect of the Investment Opportunity Set and Capital Structure on Stock Return with Profitability as the control variable at bank companies that are listed in INFOBANK15. The sampling is used is purposive sampling. The sample that are collected is from 8 out of 15 bank companies listed in INFOBANK15 from year 2014-2018. Analysis data is done using the descriptive statistic, correlation, significant test, and linier regression analysis. Investment Opportunity Set using the CAPBVA proxy and Capital Structure using the Debt to Equity Ratio with Profitability as the variable control using the Return on Asset ratio. The result shows that Investment Opportunity Set, Capital Structure and Return on Asset have a significant effect on Stock Return. This shows that the performance of the company can have an effect on investment decisions on investors in the banks studied

Factor Affecting Profitability: Evidence of Animal Feed Sub Sector in Indonesia from Year (2016-2017)

It is the purpose of every company to gain profit, however, in 2015 there is an indication that economy is slowing down that affecting the whole word including animal feed subsector companies in Indonesia which beg the question what is the condition of the company in the succeeding in 2016 and 2017. This study aims to analyze the factor affecting the profitability of animal feed companies listed Indonesian Stock Exchange. The study is quantitative using four companies listed at animal feed sub-sector listed from the year 2016-2017 at Indonesian Stock Exchange. The method used in this research is descriptive method, using Current Ratio for liquidity and Debt to Asset from solvability and Return on asset for profitability ratio of animal feed four companies namely, Charoen Pokphand Indonesia Tbk (CPIN), Japfa Comfeed Indonesia Tbk (JPFA), Malindo Feedmill Tbk (MAIN), and Sierra Produce Tbk (SIPD). Data analysis is done using descriptive analysis, significance test, correlation test, and regression analysis. The results showed that in terms of descriptive statistic animal feed companies has a good level of liquidity above 1 and have a debt level above the set standard of 30%. In terms of profitability, animal feed companies have good average financial ratio meaning that companies utilize assets owned efficiently to obtain profit maximally. However, the result shows that there is no significant relationship between solvability and liquidity toward profitability at animal feed companies form the year 2016-2017 at 5% and 10% significant level. Thus, the study suggests for future study to expand the sample of the study in term of year of sample and similar companies in different countries or regio

Enterprise Resource Planning and Internal Control Effectiveness

This study aims to examine and analyze enterprise resource planning on internal control effectiveness in food and beverage companies. Enterprise Resource Planning (ERP) discussed in this study is the implementation of the ERP software in the company studied. In this study, internal control effectiveness is measured using Morris (2011) model and the model of Catalya and Hadiprajitno (2014).   The population used in this research is food and beverage companies listed in Indonesia Stock Exchange (BEI). The technique of sample selection used purposive sampling. Based on these criteria, obtained samples as much as 14 companies during the observation period 2016-2017. In this sample there are 4 companies that are excluded from the study sample, because they have IPO after 2017. So, the final number of samples that can be observed as many as 28 samples. The analytical tool used in this study is the logistic regression.   These results shows that the predictive ability of the regression model to project companies applying SPE by 100%. This study however states that enterprise resource planning implementation has no effect on internal control effectiveness in food and beverage companies. Nevertheless, the ERP implementation need to be socialized due to small number of companies implementing this software

ASSET STRUCTURE AND CAPITAL STRUCTURE: AN EVIDENCE OF TRANSPORTATION COMPANY LISTED AT INDONESIAN STOCK EXCHANGE

Transportration is very essential in the archipelagic country that make people can go from one place to another. So, it is interesting to see the capital structure of Transportration Companies and factor affecting it. The purpose of this study was to look at the effect of asset structre on capital structure of these Transportation Companies. Method used this study descriptive, and the variable used in the study are Asset Structure with Fixed asset to current asset as its proxy in independent variable, and Capital Structure with debt to equity ratio as its proxy in dependent variable. Population used in this study is 10 transportation companies listed on the Indonesia Stock Exchange with an observation period of 2 years, namely in 2016-2017. The analysis of the data is using descriptive statistics, correlation, significant test, and regression linear. The results of the study shows that there is no significant relationship between asset structure and capital structure of Transportation Sub Sector in the Indonesia Stock Exchange seen from t-count 1.610 with a significant value of 0.436 > 0.05. The result descriptive result shows that sub-sector has average use of debt in debt to equity ratio of 126.40% of debt, which means that transportation company used their capital more in their funding then using debt. For asset structure the result shows that the transportation companies asset structure is more on fixed asset than current asset with ratio of 2.5920.This result indicates that transportation companies have tendencies to focus on fixed asset than current asset in their asset structure. In terms of capital structure they also seem to lean on equity than debt in their capital structure. However, since the result is not significant, it is recommended for future researcher to use different ratios and variables in their study

PENGARUH CORPORATE GOVERNANCE TERHADAP TAX AVOIDANCE PADA PERUSAHAAN INFOBANK15 PERIODE 2017-2020

Tujuan dari penelitian ini adalah untuk menguji dan mengetahui apakah Corporate Governance memiliki pengaruh terhadap penghindaran pajak (tax avoidance) pada perusahaan INFOBANK15 yang terdaftar di BEI (Bursa Efek Indonesia) dalam rentang waktu 3 tahun yaitu pada periode 2017 sampai 2020. Proksi Corporate Goverance yang diterapkan dalam penelitian ini ialah: Kepemilikan Institusional, Komisaris Independen, dan Komite Audit sebagai variabel yang akan diuji. Variabel terikat (tax avoidance) dalam penelitian ini diukur menggunakan Effective Tax Rate (ETR). Metode Kuantitatif menjadi metode yang digunakan dalam penelitian ini dengan jumlah populasi 15 perusahaan perbankan (BBCA, BBNI, BBRI, BDMN, PNBN, SDRA, BMRI, BNGA, BNLI, BTPN, BTPS, MEGA, NISP, BJBR, BJTM) dengan sumber data berasal dari annual report yang diperoleh dengan mengakses website www.idx.co.id serta masing-masing situs perusahaan. Merujuk pada hasil olah data yang telah dilakukan, di dapati bahwa variabel kepemilikan institusional memiliki pengaruh signifikan positif terhadap penghindaran pajak (tax avoidance), variabel komisaris independen berpengaruh signifikan negatif terhadap penghindaran pajak (tax avoidance), sementara untuk variabel komite audit diperoleh hasil yang tidak signifikan terhadap penghindaran pajak (tax avoidance). Kata Kunci: Kepemilikan Institusional, Komisaris Independen, Komite Audit, Tax Avoidance.