THE METHOD OF BEHAVIOUR DETECTION ON MORAL HAZARD IN FINANCIAL STATEMENT

The purpose of this study is to detect fraud or moral hazard on the financial statements that prepared by the company. This research uses financial ratio analysis to detect financial fraud and moral hazard. Fundamental contribution of this study is on the detection of fraud in the financial statements in accordance with GAAP, so investors and external parties able to find any intentional distortion of financial statements of the company. In addition, the condition of this deviation can also be traced in relation to its influence on the financial performance of the company, and those who benefited from the fraud. In particular the contribution of research is to provide information on the occurrence of fraudulent financial reporting that occurred in several companies in Indonesia. This research provides empirical evidence on the effectiveness of financial ratio analysis to detect fraudulent financial reporting. In addition, the calculation of financial ratios is expected to be early detection of potential fraudulent financial reporting in any form. This study uses financial statement ratio analysis to detect financial fraud. The results showed of 23 financial ratios are used, only two liquidity ratios (current ratio) and profitability (ROE) which can be used to help determine that a company is likely to carry out fraud in the financial statements.

GROWTH AND MATURITY HYPOTHESES ON DIVIDEND POLICY: INDONESIAN PERSPECTIVE

This research is aimed at testing the increase and decrease in dividends in relation to market reaction intertwined with the profitability of the firm. The main contribution of this study is the separation of the market reaction based on the firm’s lifecycle. The differentiation of the firm’s lifecycle purports to analysis whether there is distinguished influence between the increase (decrease) in dividends on firms at growth stage and that on firms at maturity stage. Data used are manufacturing firms listed on the Indonesia Stock Exchange for the period of 1994-2008

DOES MARKET MICROSTRUCTURE MATTER? FOREIGN AND DOMESTIC INSTITUTIONAL OWNERSHIP TO AGENCY COST

This research provides measure of absolute and relative equity agency costs for corporations under different ownership and management structures. Miller (1977) argues that divergence of opinion among investors causes the price difference of the price of a security. The dispute mechanism causes the forming price to be further of closer to its intrinsic value. Greater the divergence of opinion, causes greater the gap between the price and its’ intrinsic value. This study tests a new condition that reflects the existence of agency conflict, which is the conditions of stock price premium and stock price discount and related to agency cost control mechanism through foreign and domestic institutional ownership. The two conditions then called as price spread. This study tests four interrelated hypotheses in conditions of stock price premium and stock price discount that related to agency cost, foreign institutional ownership and domestic institutional ownership. Analysis method employs complete structural equation model (SEM), and multigroup SEM with constrained and unconstrained parameters. The direction of the study results consistent with result prediction. Nevertheless, there is one insignificant relationship, which is domestic institutional ownership towards agency cost. This indicates that the relationship hold but remains statistically unproven

Efek moderasi komite pemantau manajemen risiko pada pengungkapan risiko terhadap kinerja bank

This study aims to examine and analyze the effect of bank risk disclosure on bank performance and also test and analyze the moderation of the risk management monitoring committee on risk disclosure. In this study, 149 financial reports were used from banking companies listed on the IDX in 2016-2020. The research method used in this study uses multiple linear methods using data analysis techniques, descriptive statistical tests, and regression feasibility tests using the classical assumption test. The results of this study explain that risk disclosure has a significant positive effect on company performance because the wider the risks disclosed indicate that the company has succeeded in identifying risks properly, which means that the company has also prepared solutions and is also prepared to deal with risks that may occur within the company. Moderation of the risk monitoring management committee by disclosing risks to company performance has a significant positive effect; this is because the presence of a risk management monitoring committee will focus on the risks that may occur in the company and also monitor the company's activities comply with applicable laws and regulations to reduce investor doubts in investing at the company

Penerapan Perencanaan Pajak Atas Pajak Penghasilan Pada Perusahaan Jasa Pt. X

Tax planning is one way that can be done by taxpayers (either individuals or entities) to reduce the tax that must be paid. PT. X is a company engaged in rental services of heavy equipment and tools that support mining. This study aims to determine whether the company has carried out tax planning that is applied to corporate income tax and refers to applicable tax regulations. This research was conducted using qualitative research methods and conducting field research for data collection such as interviews, observation and analyzing the income statement. From this study the results that can be concluded are that the company has implemented tax planning for corporate income tax and has been implemented in accordance with applicable regulations

UJI FAKTOR-FAKTOR PEMBEDA KEBIJAKAN DIVIDEN: ANALISIS DISKRIMINAN

This research tested variables (firm specific and beta) that affected dividend policy in Indonesian firms. Samples are listed firm in Jakarta Stock Exchange (JSX) especially manufacture industry. This research uses discriminant analysis with several tests for data and results to maintain the robustness of the analysis. The results indicate that debt, investment opportunity sets and return on assets are significant in affecting dividend policy. Meanwhile beta fails to discriminate between firms that pay dividend and not pay dividend. The firm specific variables could discriminate between firms that pay dividend and not pay dividend. The results also show that management is more concerned about firm specific variables in dividend policy and less concerned, about systematic risk (beta)

Metode Pendeteksian Perilaku Morald Hazard dalam Laporan Keuangan

Tujuan penelitian ini adalah mendeteksi adanya fraud atau morald hazard atas laporan keuangan yang disuSWl oleh perusahaan. Penelitian ini menggooakan analisis rasio keuangan perusahaan untuk mendeteksi fraud. Kontribusi mendasar dari penelitian ini adalah pada pendeteksian fraud dalam laporan keuangan sesuai dengan PSAK, sehingga investor dan pihak ekstemal mampu mengetahui adanya penyimpangan yang disengaja atas laporan keuangan perusahaan. Selain itu, kondisi penyimpangan ini juga dapat ditelusuri dalam kaitannya dengan pengaruhnya atas kinetja keuangan perusahaan, dan pihak-pihak yang diuntungkan dengan fraud tersebut. Secara khusus kontribusi penelitian adalah memberikan informasi mengenai terjadinya kecurangan pelaporan keuangan yang tetjadi di beberapa perusahaan di Indonesia. Memberikan bukti secara empiris mengenai efektivitas analisis rasio keuangan untuk mendeteksi kecurangan peJaporan keuangan. Selain itu perhitungan rasio keuangan diharapkan dapat menjadi deteksi awal potensi tetjadinya kecurimgan pelaporan keuangan dalam bentuk apapWl. Penelitian ini dilakukan dengan dalam dua tahapan penelitian. Tahap pertama mencoba untuk mendeteksi fraud dengan menggunakan analisis rasio laporan keuangan dengan pendekatan kuantitatif, sedangkan tahap kedua menggunakanfocus group discussion. Hasil penelitian tahap pertama mampu mendeteksi fraud melalui rasio keuangan, sedangkan penelitian tahap ke dua ini mampu memperkuat hasII dari penelitian tahap pertama

THE EFFECT OF FINANCIAL AND NON-FINANCIAL VARIABLES ON UNDERPRICING

After the shares were introduced to the public by the underpricing company (IPO), the problem lies in the closing price on the first day which tends to be higher than the initial offering price. Various factors can influence the occurrence of underpricing, both external and internal, that occurs in Islamic stocks. This study examines more about the influence of financial and non-financial variables on underpricing shares, especially in Islamic stocks. The population used includes, among others, listed companies on the IDX with a sample of issuers that went public from 2015 to 2019. Data analysis in this study used multiple regression. The results of the study prove that block holders in a company have an effect on the level of underpricing. Debt to Equity Ratio (DER) have an effect on the underpricing variable. Return on Asset (ROA) harms the underpricing variable. There is an effect of the current ratio value on underpricing. Firm size has an effect on underpricing. Company age (firm age) has an effect on the underpricing variable. JEL: D53; E44; G10 Article visualizations

Keterkaitan Antara Managerial ownership, Capital Structure dan Investment Decision Dalam Perspektif Convergence – Interest hypothesis

This study aims to analyze the effect of managerial ownership, capital structure, and investment decisions in the convergence of perspective –interest hypothesis. This type of research is quantitative analytic. The data analysis method used regression for panel model 2 and model 3, as well as the simultaneous Equation model for model 1. This study used a statistical regression coefficient test (t-test) for bivariable analysis, F test, and R2 test. The results of the interpretation of model 1 and model 2 (without outliers) are not normally distributed, there is no multicollinearity, there are no symptoms of heteroscedasticity and there is a positive autocorrelation. The results of the interpretation of model 3 (without outliers) are normally distributed, there is no multicollinearity, there are symptoms of heteroscedasticity and there a positive autocorrelation The result for the study can be concluded classical assumption test show that the three models have abnormal symptoms and heteroscedasticity. The researcher has removed the data outliers one by one in the three models and transformed data into the third model. We suggest adding different variables such as dividend payout decisions. As well as being able to will add a sampling period that more samples are studied and consider taking samples from other companies for next research

Metode Pendeteksian Perilaku Moral Hazard Dalam Laporan Keuangan

Tujuan penelitian ini adalah mendeteksi adanya fraud atau morald hazard atas laporan keuangan yang disusun oleh perusahaan, Penelilian ini menggunakan analisis rasio keuangan perusahaan untuk meudeteksi fraud, Kontnbusi mendasar dan penelilian ini adalah pada pendeteksi anfraud Iaporan keuangan sesuai dengan PSAK, sehingga investor dan pihak ekstemal mampu mengetahui adanya penyimpangan yang disen~a alas Iaporan keuangan perusahaatt Selain itu, ko 'si penyiJnpangan ini juga dapat elitelusuri daIam kaitannya deugan pengaruhnya alasan kin ' keuangan penlSahaan, dan pihak-pihak yang eliuntungkan denganfraud tersebut Secara kh kontribusi penelitian adaIah memberikan informasi mengenai teljadinya kecurangan pelajaran kellangan yang teJjadi beli beberapa perusahaan di Indonesia Memberikan bukti semangatris mengenai efektivilas anaIisis rasio kellangan untuk mendeleksi kecurangan pelaporan Selain itu perhitungan rasio keuangan diharapkan dapat menjadi deteksi awal potensi inya kecurangan pelaporan keuangan daIam bentuk apapwt Penelilian ini dilakukan dalam dan 1ahapan penelitiart Tahap pertama mencoba untuk mendeteksi fraud dengan mengunakan analisis rasio laporan keuangan dengan pendekstan kuantitatif, sedangkan tahap menggunakan focus group discussion, Hasil penelitian tahap pertama mampu mendeteksi melalui rasio keuangan, sedangkan penelitian tahap ke dna ini mampu memperkuat hasil penelitian tahap pertama