Perusahaan Keluarga di Indonesia: Managerial Rent Extraction And Firm Performance

Otoritas pendapatan di seluruh dunia terus menunjukkan minat yang kuat pada Perusahaan-Perusahaan yang terdaftar di bursa efek karena kompleksitas operasi mereka dan kecenderungan mereka untuk muncul dengan mekanisme penghindaran pajak yang rumit. Penghindaran pajak dapat dimotivasi oleh sejumlah faktor tetapi konsekuensi dari tindakan tersebut dapat menjadi positif atau negatif. Oleh karena itu, penelitian ini didorong oleh pentingnya untuk tidak hanya memahami strategi penghindaran pajak tetapi juga untuk menghubungkan penghindaran pajak sebagai bagian dari managerial rent extraction dengan kinerja keuangan Perusahaan. Indonesia adalah negara yang menjadi fokus pada penelitian karena memiliki kepemilikan konsentrasi dari Perusahaan-Perusahaan tersebut adalah keluarga. FPEC-Scale dengan dimensi Power digunakan untuk memperoleh sampel Perusahaan keluarga dari seluruh Perusahaan yang terdaftar di Bursa Efek Indonesia selama periode 2010 – 2014. Hasil penelitian dengan teknik Ordinary LeastSquaremenggunakan Warppls versi 5.0 menunjukkan bahwa ada pengaruh negatif yang signifikan antara managerial rent extraction (keagresifan pajak) terhadap kinerja keuangan Perusahaan.Selanjutnya, Ukuran Perusahaan memiliki kontribusi positif terhadap profitabilitas Perusahaan, rasio Leverage memiliki dampak negatif terhadap kinerja keuangan Perusahaan

Rasio Keuangan dan Prediksi Financial Distress

The purpose of this research is to understand the effect of financial ratios in predicting the possibility of financial distress on companies listed on Sri Kehati index in a row of 2009-2016. This study uses the financial ratios proxied by return on assets, return on capital, net profit margin, P / E ratio, and asset turnover as independent variables. Meanwhile, the financial distress proxied by Z-score is a dependent variable. The population of this study is all companies listed on the index of Sri Kehati in 2009-2016 and listed on the Indonesia Stock Exchange. The sample of this study took nine companies with purposive sampling method and the study period is for eight years in a row (2009-2016). Logistic regression method used in this research. The results show that ROA, ROE and PER have a significant effect on financial distress. Meanwhile, NPM and ATO have no significant effect on financial distress

The Effect of Accounting Information Systems to Facilitate Supply Chain Management in Retail Companies: Evidence form Indonesia

Abstract— This study aims to determine the effect of the ability of users of Accounting Information Systems (AIS) to improve the Supply Chain Management (SCM) performance, the involvement of users of AIS, and top management support on the performance of AIS in retail companies. The population in the study were 23 retail companies in the Central Java Region. The sample in this study amounted to 69 respondents. The sampling technique in this study was purposive sampling. Data collection was done through a questionnaire and data were analyzed using multiple linear regression analysis. Based on the results of the analysis that has been done, there is a significant influence between the independent variables on the performance of AIS at retail companies in the Central Java region simultaneously. Whereas partially, the information system user capability and top management support had a significant effect on the performance of AIS, on the contrary the information system involvement variable did not significantly influence the performance of AIS in retail companies in the Central Java region

The Effect of Financial Ratios on Financial Distress Conditions is Moderated by Profitability Ratios

This study aims to examine the effect of financial ratios moderated by profitability ratios on the financial distress of transportation and logistics sector companies listed on the IDX for 4 consecutive years in the 2018-2021 period. The independent variables are proxied by CR (liquidity), DAR (leverage), SG (growth), and the addition of TATO (activity). In addition, ROA is a proxy for the profitability variable which is the moderating variable. The Z-Score (Altman) is a proxy for financial distress as the dependent variable. This study selected companies in the transportation and logistics sector for the 2018-2021 period as a population with a sample size of 18 companies in the transportation and logistics sector that met the criteria. Logistic regression analysis was used as an analytical technique in this study. The results of his research inform that CR, DAR, and TATO have a significant influence on the occurrence of financial distress. Meanwhile, SG did not significantly affects the occurrence of financial distress. In addition, ROA can moderate the effect of SG and TATO on the occurrence of financial distress. However, ROA is unable to moderate the effect of CR and DAR on the occurrence of financial distress

The Role of Audit Committee Supervision on Integrated Reporting Relationship and Firm Value

This study aims to find empirical evidence of the role of the audit committee and audit committee activities in moderating the effect of integrated reporting on firm value. WarpPLS version 7.0 is used as an analytical tool by using a sample of manufacturing companies listed on the Indonesian stock exchange for five years of observation, from 2016 to 2020, to obtain 150 observational data. The results of the study indicate that integrated reporting influences firm value. Likewise, the role of the audit committee and the activities of the audit committee, as proxied by the number of audit committee meetings, moderated the effect of integrated reporting on firm value. The limitation of this research is that the value of R2 is still low at 22%. Therefore, it is still possible to modify this research by changing the research variables used for further study. The implication of this research is the importance of the supervisory role of the audit committee in implementing integrated reporting to increase firm value

Profitability, Capital Intensity, and Company Size against Tax Avoidance with Leverage as an Intervening Variable

This study aims to determine whether profitability, capital intensity, and company size, directly and indirectly, affect tax avoidance with leverage as an intervening variable in financial sector companies listed on the Indonesia Stock Exchange (IDX). The year 2018-2021 is used as an observation period. Purposive sampling was chosen as a sample sorting method with the results of a study of 106 companies with 269 observation data. This type of research is quantitative using WarpPLS 8.0. The research results are that profitability, capital intensity, and company size directly affect tax avoidance, and profitability and company size indirectly affect tax avoidance through the leverage of intervening variables. However, the capital intensity does not indirectly affect tax avoidance through leverage as an intervening variable. The implication of this study is the importance of doing tax planning for companies

Pengaruh Moderasu Maajemen Laba pada Hubungan Corporate Social Responsibility terhadap Kinerja Keuangan Perusahaan

Penelitian ini bertujuan untuk mengetahui hubungan antara CSR, manajemen laba dan kinerja keuanagan perusahaan dengan menggunakan populasi seluruh perusahaan di Indonesia yang mengungkapkan laporan keberlanjutan dengan GRI Standard periode 2017-2019 yang diperoleh dengan menggunakan metode purposive sampling. Jumlah sample pada penelitian sebanyak 105 perusahaan. Metode analisis data dilakukan dengan menggunakan regresi linier berganda. Kesimpulan dari penelitian ini yaitu CSR berpengaruh signifikan terhadap kinerja keuangan perusahaan serta manajemen laba dapat memoderasi hubungan antara CSR terhadap kinerja keuangan perusahaan sehingga ketika aktivitas CSR dilakukan maka akan mempengaruhi kinerja keuangan perusahaan, sebaliknya dengan adanya kegiatan manajemen laba dalam perusahaan tersebut maka akan mempengaruhi hubungan antara CSR terhadap kinerja keuangan perusahaan. Implikasi pada penelitian yaitu diharapkan investor dapat melakukan pertimbangan terlebih dahulu bila ingin berinvestasi pada satu perusahaan agar tidak mendapatkan kerugian.Kata kunci: Manajemen laba, Tanggung jawab sosial dan lingkungan, Kinerja keuangan ABSTRACTThis study aims to determine the relationship between CSR, earnings management, and Financial performance by using the population of all companies in Indonesia that disclose sustainability reports with the GRI Standard for the 2017-2019 period obtained using the purposive sampling method. The number of samples in this study was 105 companies. The method of data analysis was performed using multiple linear regression. This research concludes that CSR has a significant effect on Financial performance and Earning management can moderate the relationship between CSR and Financial performance so that when CSR activities are carried out it will affect Financial performance, on the contrary, the existence of Earning management activities in the company will affect the relationship between CSR and Financial performance. This research implies that investors are expected to be able to consider beforehand if they want to invest in a company so as not to get a loss.Keyword: Earning management, CSR disclosure, Financial performance

Effect of Supply Chain Management to Corporate Financial Performance through Corporate Environmental Disclosure: Evidence from Indonesia

Abstract— The purpose of the research is to evidence the role of corporate environmental disclosure in mediating the relationship between supply chain management and corporate financial performance. Food and beverage companies listed in Indonesia Stock Exchange in period of 2014-2018 are the sample of the current research. Path Analysis with Partial Least Squares-Structural Equation Modeling (SEM) is used to analyze data. The research finding found that supply chain management directly affects to corporate financial performance and supply chain management indirectly affect to corporate financial performance through corporate environmental disclosure. Theoritical implication of the research is that the research supports the existing theory. While practical implication of the research is that CED can be used to gain personal branding from stakeholders and to protect from SCMaction. Thus, it can increase financial and economic performance to keep company legitimate

Reaksi Investor pada Pasar Saham Sektor Properti dan Real Estate di Masa Pandemi Covid-19

Mengamati harga saham dan volume perdagangan saham perusahaan pada sektor properti dan real estate pra dan pasca munculnya pandemi COVID-19 merupakan tujuan dari penelitian ini. Sampel diambil dari data harga saham penutupan harian dan volume perdagangan saham selama tiga bulan (-90 hari) dan setelah (+90 hari) munculnya kebijakan pembatasan mengenai COVID-19, sehingga diperoleh 4.860 data harga saham penutupan harian dan volume perdagangan saham. Keseluruhan data tersebut diolah dengan alat analisis IBM SPSS Statistics 26. Hasil penilitian sesuai dengan teori pasar efisien, yang menyatakan bahwa terdapat perbedaan signifikan harga saham harian dan volume perdagangan saham Perusahaan sub sektor properti dan real estate sebelum dan sesudah pandemi COVID-19. Implikasi praktis observasi ini adalah, investor harus lebih cermat dalam mengambil keputusan, investor harus melihat perusahaan yang stabil pergerakan saham harian dan volume perdagangan saham ditengah kebijakan yang berlaku saat COVID-19

Supply Chain and Finance Integration: Facts from Companies in Indonesia

Abstract— In order to minimize costs and increase productivity, businesses around the world are reforming their supply chains. As they do so, operations are also transferred to countries that levy lower rates of income tax. Recent evidence suggests that some businesses are connecting supply chain decisions with income tax planning in order to create a tax-efficient supply chain aimed at optimizing net revenue. The population in this paper was companies in the city of Semarang, Indonesia. The sampling technique is based on incidental sampling technique. Respondents becoming the sample is 200 respondents. The results of the analysis using the Warp-Partial Least Squares (PLS) 5.0 model indicate that continuity, strategy and finance influence the supply chain and tax planning. The results of the paper also indicate that finance and continuity do not mediate the relation between supply chain and company performance. The implication of the research is that integration perceptions of supply chain and tax planning may be influenced by intrinsic and extrinsic factors of each individual. Therefore, the importance of awareness implanting the moral values of each individual to avoid supply chain and tax planning is urgent. However, it requires the participation of the government through the world of education