Intellectual Capital and Sustainability Report Disclosure Toward Company Values Analysis

The purpose of this study is to determine the effect of Intellectual Capital and sustainability disclosure on firm value, for industries listed in LQ 45 period 2015-2017. Independent variable in this research were intellectual capital measured by VAICTM and sustainability report disclosure measured by SRD. Dependent variable in this research was company’s value measured by Tobin’s Q with chung approximate methods. By using purposive sampling method, the total amount of samples obtained in this research were 45 companies. The data were analyzed by using multiple linear regression method. The results of this research showed that intellectual capital has a positive and significant effect on company’s value and sustainability report disclosure has significant effect on company’s value

Analisis Altman Z-Score, Grover Score, Springate dan Zmijewski sebagai Signaling Financial Distress (Studi Empiris Industri Barang-Barang Konsumsi di Indonesia)

This study purpose to determine whether there are differences among Altman model, Springate model and Zmijewski model to predict financial distress, and to find out which the Financial Distress prediction model has the most excellent implementation in Indonesia manufacture industry. Comparison of those six models were made by analyzing the accuracy of each model, by using the real condition of a company’s net income. The data used in the form of annual financial statements published by the company on the Indonesia Stock Exchange website. The sample in this study consisted of 116 financial data from 29 companies in Consumer Goods Industry. All companies are listed in Indonesia Stock Exchange Market at period 2012 - 2015. The company does not conclude yet, whether there is a prediction model that best suit the measurement. This cause by: (1) every model have its own superiority and weakness, (2) the company sample characteristic differences (company sector, company size) also influence the choice of prediction model being used, (3) the company financial ratio as independent variable used in bankruptcy prediction. Since the financial statements are reflecting the company’s financial ability of the signaling, the researchers limited the industry with the highest value of EPS and PER. This is done to avoid confounders in the proof of the accuracy of the model, Springate model, Ohlson model and Zmijewski model to predict financial distress. The data obtained from the Annual Financial Statements, IDX Fact Book and the Indonesian Capital Market Directory. In this study will be used t test, additional testing is done to see the feasibility of the model by observing the F test results and test the coefficient of determination (R2), R2 value used to examine differences among Altman, Grover, Springate and Zmijewski models in predicting financial distress. The analytical tool used is the One Way ANOVA with level of significance 5 %. The results from this research showed that any prediction model used in this study can be used to predict Financial Distress, particularly the Altman Z-Scores, which have the greater R2 analysis. Only Grover G-Score models have insignificant value t test and F-test is greater than the probability cannot be used to predict corporate Financial Distress. The results also showed that the most accurate model is the model Altman Z-Score. At the end of the study was to try predict 29 firms sample used listed on the Stock Exchange with Altman model. Predicted results showed that five companies are expected to experience Financial Distress in the future

Pendeteksian Fraud Diamond Theory terhadap Profitabilitas dengan Manajemen Laba Jones Theory sebagai Variabel Moderator

The investor attention to earnings, might determines management's actions to take vital interests in financial reporting to show a favorable situation. Earnings management is often considered a rational and fair action principally. This manipulation is more due to the urge to keep the company's shares in demand by investors who tend to see profitability over a period of time to invest their capital in the company's shares, because for investors, because the company's profit will describe the company's overall value. This led to an increase in fraudulent actions. This study aims to analyze and find empirical evidence about the effect of fraud fraud factor based on diamond fraud, namely Pressure, Opportunity, Rationalization and Capability on financial statement fraud, which is proxied by the independent variables, namely financial stability, external pressure, financial targets, industrial conditions, ineffectiveness of supervision, audit opinions and the ability of the audit team in the financial sector to the level of profitability as the dependent variable with earnings management as moderating. All variables tend to be said to be influential except for leverage

Pengaruh Market To Book Value, Liquidity, Leverage, Altman Z-Score, Firm Size, Dan Profitabilitas Terhadap Keputusan Hedging (Studi Kasus Perusahaan Dalam Daftar JII70 2018-2020)

This aims of this research is to analyze the effect of market to book value, liquidity, leverage, altman z-score, firm size, and profitability partially on hedging decisions. The type of thisresearch isquantitative. The population is all of companies on JII70 (Jakarta Islamic Index 70) 2018-2020. The purposive sampling technique to selected until 36 samples companies. This research use logictic regression method. The following result are obtained that market to book value, firm size, and profitabilitypartially has a positive significant effect on hedging decisions. Liquidity and altman z-score has negative significant effect on hedging decisions. Leverage has no effect on hedging decisions.

PENDETEKSIAN FRAUD DIAMOND THEORY TERHADAP PROFITABILITAS DENGAN MANAJEMEN LABA JONES THEORY SEBAGAI VARIABEL MODERATOR

The investor attention to earnings, might determines management's actions to take vital interests in financial reporting to show a favorable situation. Earnings management is often considered a rational and fair action principally. This manipulation is more due to the urge to keep the company's shares in demand by investors who tend to see profitability over a period of time to invest their capital in the company's shares, because for investors, because the company's profit will describe the company's overall value. This led to an increase in fraudulent actions. This study aims to analyze and find empirical evidence about the effect of fraud fraud factor based on diamond fraud, namely Pressure, Opportunity, Rationalization and Capability on financial statement fraud, which is proxied by the independent variables, namely financial stability, external pressure, financial targets, industrial conditions, ineffectiveness of supervision, audit opinions and the ability of the audit team in the financial sector to the level of profitability as the dependent variable with earnings management as moderating. All variables tend to be said to be influential except for leverage

Indonesia Stock Price Index, Inflation, Interest Rate and Exchange Rate against ISSI

The purpose of this study is to examine the effect of Indonesia regional stock price index, inflation, interest rate, and exchange rate on ISSI, for Singapore, Malaysian and Philippine. The dependent variable in this study is ISSI. The independent variables in this study are Straits Times Index (STI), Kuala Lumpur Stock Exchange Index (KLSE), Philippine Stock Exchange Index (PSEI), Singapore inflation (INFSG), Malaysian inflation (INFMY), Philippine inflation (INFPH), Singapore interest rate (SBSG), Malaysia interest rate (SBMY), Philippine interest rate (SBPH), Singapore exchange rate (SGD), Malaysian exchange rate (MYR), and Philippine exchange rate (PHP). The sample of this study are all variables starting in 2014-2019. Analysis tools to test hypotheses using the VECM method. The analysis shows that the variables that have positive and significant effect on ISSI are KLSE, INFSG, SBSG, SGD, MYR, and PHP. SBMY has a positive but not significant effect on ISSI. While the variables that have negative and significant influence are PSEI, INFPH, and SBPH

Investment Decision with Analytical Network Process Method

Investment is an attempt to invest capital to gain profits and avoid the risk of purchasing an asset. One investment that has considerable appeal is investment through investing in shares. Investment in shares listed on the Indonesia Stock Exchange is one of the investments with a high rate of return. The problem that arises is that not all stocks generate significant profits, because of this need, investors need an observation system screening which can support decision making with the use of modified analysis screening Piotroski and Greenblatt for portfolio investment stock with combination in several stocks growth in LQ 45 index and BUMN sectoral stocks. This study uses The Analytical Network Process method to accommodate the results of individual stock decisions. This research produces individual stock rankings that can be used as stock selection recommendations for investors

Sosialisasi Kesiapan Masyarakat Menuju Transaksi Digital di Era New Normal Life

Migrasi ke digital akan bisa menjadi bom waktu bagi terlaksananya tatanan new normal life ketika para pelaku ekonomi dan masyarakat yang belum sepenuhnya mengetahui benar cara transaksi ekonomi dan pemilihan perbankan digital. Luaran yang akan dihasilkan berupa solusi edukasi dan sosialisasi informatif pada para masyarakat dengan melakukan kerjasama dengan mitra media. Dalam konteks ini, peran media massa sebagai sarana untuk mewujudkan edukasi ini sangatlah penting. Metode yang dilakukan adalah dengan sosialisasi dan edukasi melalui laman IG, Facebook dan Youtube Akuntansi, Koperasi Mahasiswa, AFC dan Si-Pinter Keuangan JATIM serta media harian Duta yang memiliki Online Web sebagai bentuk pengabdian masyarakat wajib untuk tetap memperhatikan perlunya social distancing sebagai bentuk pencegahan penularan covid-19

START UP SCORE CARD BAGI PARA PEMULA USAHA MUDA MANDIRI (Audience: mahasiswa dan siswa Pesantren Al-Jihad-Surabaya)

Tujuan pengabdian masyarakat ini adalah memberikan informasi dan pendidikan awal mengenai cara melakukan tahapan penilaian bisnis pemula (start up entrepreneur) untuk para mahasiswa dan siswa pesantren Al-Jihad Surabaya yang telah tertarik dan telah masuk menjadi pemula bisnis baik secara online maupun offline. Memudahkan pemula usaha untuk melakukan tracking error yang terjadi dari kegiatan usaha mereka,sehingga secara tidak langsung pemula bisnis akan segera dapat memperbaharui strategi bisnis mereka, baik itu strategi pemasaran, strategi inventory and supply, strategi sumber daya manusia maupun strategi keuangan mereka. Semua rangkaian kegiatan ini akan mencapai puncaknya dalam kegiatan yang diadakan diarea Fakultas Ekonomi Kampus B Universitas Nadhatul Ulama di Jemursari pada tangga l7 Juni 2018 tema besar dari pengmas ini adalah “Start Up Scorecard bagi Para Pemula Usaha Muda Mandiri, khususnya para mahasiswa dan siswa pesantren Al-Jihad Surabaya”

ANALISIS FRAUD HEXAGON TERHADAP FINANCIAL STATEMENT FRAUD PADA PERUSAHAAN SEKTOR INFRASTRUKTUR, UTILITAS DAN TRANSPORTASI

Financial statement fraud is a discrepancy between the application of accounting principles and the preparation of financial statements with the aim of deceiving users of financial statements. The approach is taken to identify the factors that influence financial statement fraud, one of which is the fraud hexagon model. There are six factors in the fraud hexagon, namely (1)Stimulus which will be represented by financial target (2)Capability will be represented by a change of director (3)Collusion will be represented by political connections (4)Opportunity will be represented by the quality of external auditors (5)Rationalization will be represented by audit opinion (6)Ego is represented by many photos CEO. This study aims to analyze the effect of the fraud hexagon on fraudulent financial statements in infrastructure, utility and transportation sector companies listed on the Indonesia Stock Exchange in 2015-2019. Detection of the possibility of fraudulent financial statements is measured by the F-Score model. This study uses a purposive sampling technique and data analysis technique using logistic regression with a sample of 25 companies and 125 data on annual reports and financial statements. The results showed that financial targets, the quality of external auditors, and the number of CEO photos had no effect on financial statement fraud, while the change of directors had a negative and significant effect on financial statement fraud, political connections had a positive and significant effect on financial statement fraud. Audit opinion has a negative and significant effect on financial statement fraud