Journal of Accounting and Capital Markets
Scientific work from research results and critical analysis studies in the field of Accounting and Capital Markets.
Pengaruh Strategi Pemasaran terhadap Keputusan Konsumen: Studi pada PT Alhijaz Indowisata
This study aimed to analyze the effect of Price, Product, Promotion and Place about Consumer Buying Decisions of The Travel Packages or Workship Packages Umroh dan Hajj PT. Alhijaz Indowisata. The research methodology used as quantitative method with cross section data and primary data obtained from the distribution of questionnaires. Mechanical sampling using a purposive sampling method with data in 2020. The data analysis technique used is multiple linear regression to test the validity, reliability test, the test model stability, linearity test, normality test, classic assumption test (multicollinearity test, heteroscedasticity test) and hypothesis testing t-statistic and f-statistics to examine the effect together with a significance level of 5%. The results of this study showed that partially the Price, Product, Promotion and Place variables have a significant effect on Consumer Decisions Buying the Travel Packages or Workship Packages Umroh dan Hajj PT. Alhijaz Indowisata. Meanwhile, simultaneously the independent variables Price, Product, Promotion and Place together have a significant relationship to the dependent variable, namely Consumer Decision. Coefficient of determination of this study showed 61.80% result, it shows that variations in the independent variables are Price, Product, Promotion and Place is able to explain the rise and fall of the dependent variable variation Consumer Decision is 61.80%, while the remaining 38.20% affected by other independent variables
Analisis Pendapatan Pajak Hiburan di Kabupaten Kuningan : Tantangan dan Peluang
This study aims to analyze the impact on entertainment tax revenue received by the local government of Kuningan Regency. The methodology employed in this research is a qualitative approach, primarily utilizing interviews as the main tool for data collection. The data collection techniques include both primary and secondary data, obtained through interviews, observations, documentation, and literature reviews. Data analysis is conducted using descriptive analysis and potential analysis techniques. The results indicate that entertainment tax revenue in Kuningan Regency during the period of 2017-2022 showed significant potential before experiencing a decline. In 2017, entertainment tax revenue reached IDR 205,110,000, but decreased to IDR 154,300,000 in 2020. This decline was attributed to limited economic activities that impacted tax revenue. The target contribution of entertainment tax to the Regional Original Income (PAD) of Kuningan Regency during the 2017-2022 period remained relatively stable at 5%, with a decrease of only 2% in 2020, which is considered insignificant. This study provides insights into the challenges faced in managing entertainment tax and the potential for recovery in the future
Analisa Prediksi Kebangkrutan Dengan Model Altman Z-Score Pada Perusahaan Sub-Sektor Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Tahun 2019 Sampai Dengan 2021
This research aims to analyze the potential bankruptcy and financial performance of food and beverage sub-sector companies listed in the Indonesia Stock Exchange from 2019 to 2021.The research methodology used is quantitative descriptive method, with the object of research being five food and beverage sub-sector stocks. The data used is annual data for the period 2019 to 2021. The data source is secondary data obtained from the Indonesia Stock Exchange. The results of a research on 5 (fuve) samples of food and beverage companies show that by with the Altman Z-score model from 2019 to 2021, it states that 2 (Two) companies are declared unhealthy with a Z-score value <1.1 where PT FKS Food Sejahtera Tbk is the company with the biggest potential bankruptcy while PT Nipoon Indosari Corpindo Tbk is the company with the smallest potential bankruptcy when compared to other companies sampled in this study. From the modified Altman Z-Score method in 2019 to 2021, an average accuracy rate of 53% was obtained when measured by the company's cash flow
Perbandingan Kinerja Keuangan PT Aneka Tambang Tbk dan PT Bukit Asam Tbk: Tinjauan Rasio Keuangan 2019-2021
This study aims to determine the company's financial performance in the mining sector of PT. Aneka Tambang Tbk and PT. Bukit Asam Tbk by analyzing financial performance using Financial Ratios for the 2019-2021 period. The research methodology used is a qualitative method and a quantitative approach with the type of time series data and secondary data obtained from the Indonesia Stock Exchange. The sampling technique used purposive sampling method with quarterly data for the 2019-2021 period. The data analysis technique used is qualitative, namely the ratio of liquidity ratios, solvency ratios, profitability ratios and activity ratios. The results of this study indicate that the current ratio (CR) & quick ratio (QR) have poor performance compared to PT. Bukit Asam Tbk. The results of the calculation of the solvency ratio debt to asset ratio (DAR) & debt to equity ratio (DER) have a good performance compared to PT. Bukit Asam Tbk. The results of the calculation of return on asset profitability ratio (ROA) have good performance & return on equity (ROE) have poor performance, and the results of the calculation of Inventory Turnover Activity Ratio (ITO) & total asset turnover (TATO) have good performance compared to PT. Bukit Asam Tbk
PENGARUH RETURN ON ASSET, DEBT TO ASSET RATIO, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2020)
This study aims to analyze the effect of return on assets, debt to asset ratio, and firm size on firm value in manufacturing companies in the comsumer goods industry sector listed on the Indonesia Stock Exchange 2016-2020. The research methodology used is a quantitative method with panel data and, using secondary data obtained from the Indonesia Stock Exchange website and the company’s official website. The sampling technique used was purposive sampling with annual data and the research period from 2016 to 2020. The data analysis technique used was multiple linear regression of panel data by performing desciptive statistical test, classical assumption test (normality test, multicollinearity, heteroscedasticity) and hypothesis testing t- statistics and-f-statistics to test the significance of the effect together with a significant level of 5%. The results of this study indicate that partially the Return on Assets, Debt to Asset Ratio variables have a positive and significant effect on Firm Value, and the Firm Size variable has a negative but not significant effect on Firm Value. Meanwhile, simultaneously, the Return on Assets, Debt to Asset Ratio, and Company Size variables have a significant relationship with the dependent variable, namely Firm Value. The coefficient of determination from this study shows a figure of 21%. This shows that the variation of the independent variables Return on Assets, Debt to Asset Ratio, and Company Size is able to explain the variation up and down of the Firm Value variable by 21% while the remaining 79% is influenced by other variables
ANALISIS PERBANDINGAN FINANCIAL DISTRESS PADA PT. GARUDA INDONESIA, TBK DAN PT. AIRASIA INDONESIA, TBK DENGAN MENGGUNAKAN METODE ALTMAN Z-SCORE TAHUN 2016-2020
The purpose of this research is to analysis the comparative of financial distress at PT. Garuda Indonesia, Tbk and PT. AirAsia Indonesia, Tbk using the Altman Z-Score method in 2016-2020. The method of this research is descriptive method with a qualitative approach using secondary data such as financial statements report by the company obtained from Indonesia Stock Exchange. The technique of collecting data uses purposive sampling method with sample PT. Garuda Indonesia, Tbk and PT. AirAsia Indonesia, Tbk with annual data from 2016-2020.The results of this study indicate that the level of financial distress of PT. Garuda Indonesia, Tbk from 2016 to 2020 was in a state of bankruptcy. Likewise with the level of financial distress PT. AirAsia Indonesia, Tbk from 2016 to 2020 was in a state of bankruptcy. Based on the Altman Z-Score method, PT. Garuda Indonesia, Tbk and PT. AirAsia Indonesia, Tbk both produced a score of Z < 1.1 which indicates that they are in a state of bankruptcy, but when compared from their financial performance, PT. AirAsia Indonesia, Tbk showed a better performance
Analisis Penilaian Kinerja Perusahaan Dengan Menggunakan Rasio Keuangan Pada Perusahaan Sektor Telekomunikasi Di Bursa Efek Indonesia Periode 2016-2020
This study aimed to assess the company’s financial performance by using financial ratios for Telecomunications Sector Companies on the Indonesia Stock Exchange for 2016-2020. The research methodology used is a qualitative method data obtained from the Indonesia Stock Exchange website and the company's website. This method is presented in a descriptive manner by collecting, presenting, and analyzing data from telecommunications companies in Indonesia using liquidity ratio, solvency ratio, profitability ratio, and activity ratio based on the financial statement of PT Telkom Indonesia Tbk, PT Indosat Tbk, and PT Xl Axiata Tbk for 2016 – 2020. PT Telkom Indonesia Tbk in 2016 to 2020 is the best telecommunication company when compared with PT Indosat Tbk and PT Xl Axiata Tbk. It can be seen from the increase in the average figure for the current ratio is 0,9, an increase in the average value of the Debt to Asset Ratio during 2016 to 2020 is 0,45, the increase in Return on Asset during 2016 to 2020 is 14,05%, average value of the Total Asset Turnover Ratio which is the best in PT Telkom Indonesia Tbk with the average Total Asset Turnover Ratio from 2016 to 2020 at a value of 0,62
Copyright (c) 2024 Journal of Accounting and Capital Markets
Analisis Risiko Investasi Menggunakan Metode Value At Risk Dalam Pembentukan Portofolio Optimal Saham IDX30 Dengan Pendekatan Exponentially Weighted Moving Average (EWMA)
The objective of this research is to analyze the value of the estimated maximum risk of Exponentially Weighted investment loss using the Value at Risk method in an optimal portfolio taken from IDX30 stocks with an Exponentially Weighted Moving Average (EWMA) approach. The research methodology used is a quantitative method with time series data and secondary data. The sampling technique is by taking stock return data for the 2017-2020 period. The data analysis technique used is statistical test by performing stationary data test, data descriptive test, normality test, and heteroscedasticity test, as well as probability and f-statistics to test data with 95% confidence level. The data that has been statistically tested will be processed using MS. Excel 365 to form an optimal portfolio. The results of this research indicate that the estimated risk value can be minimized even with a smaller expected return by diversifying stocks into an optimal portfolio
Exponentially Weighted Moving Average (EWMA)
Analisis Valuasi Nilai Wajar Saham PT. Jasa Marga (Persero) Tbk Menggunakan Metode Discounted Cash Flow (DCF) Untuk Proyeksi Tahun 2021-2023
The study aims to calculate valuation of stocks using discounted cash flow (DCF) with a free cash flow to firm (FCFF) with three conditions overvalued, undervalued, fairvalued. The research methodology used is quantitative descriptive research. Research has been conducted in search of historical data from 2016-2019 that provides a basis for processing into projections in 2021-2023. The results of this study indicate that the valuation using Discounted Cash Flow (DCF) to determine the condition of the company Jasa Marga (Persero) Tbk with the Free Cash Flow to Firm (FCFF) approach is in an overvalued condition where the market price is lower than the fair price/intrinsic value. investors should buy shares that are overvalued and increase share ownership or hold share ownership in the hope that the stock price will rise in the future.
Pengaruh Profitabilitas, Solvabilitas, Likuiditas, Dan Ukuran Perusahaan Terhadap Audit Delay Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2015 - 2020
This study aims to determine: (1) Effect of Profitability on Audit Delay, (2) Effect of Solvency on Audit Delay, (3) Effect of Liquidity on Audit Delay, (4) Effect of Firm Size on Audit Delay, (5) Effect of Profitability, Solvency , Liquidity and Company Size simultant on Audit Delay in manufacturing companies listed on the Indonesia Stock Exchange in 2015 - 2020. The research methodology used is quantitative methods. The population of this research is manufacturing companies that are on the Indonesia Stock Exchange from 2015 to 2020. Sampling used a purposive sampling technique. The number of samples used was 10 companies. The data research method in this research is data from financial reports on the IDX website. The data analysis technique used is the Common Effect Model (CEM), Random Effect Model (REM), Fixed Effect Model (FEM) with panel data regression analysis. The methods that test the data panel are the Chow test, the Lagrange Multiplier (LM) test, and the Hausman test. The results showed that (1) Profitability was negatively and significantly correlated with significant audit delay indicated by a regression coefficient of -4.426660 and significant which was greater than t - table of 2.00324, (2) Solvency was positively correlated and significant with audit delay indicated that the t - value is 3.238479 more than t - table 2.00324, (3) Liquidity is positively and significantly correlated with audit delay as indicated by the value of t - value 2.961358 more than t - table of 2.00324, (4) Company size is negatively correlated and has no significant effect on audit delay is indicated by t - value of -1.36556 which is smaller than t - table of 2.00324, (5) Profitability, solvency, liquidity and firm size simultant have a significant effect on audit delay
Analisis Portofolio Optimal Dengan Model CAPM Pada Saham-Saham Syariah Jakarta Islamic Index (JII) Tahun 2017-2020
This study aims to analyze individual stock returns (Ri), systematic risk (βi), expected returns and the comparison of individual stock returns (Ri) with expected returns using the Capital Assets Pricing Model (CAPM) method on stocks that are included in the Jakar- ta Islamic Index for the 2017-2020 period. The research methodology used is a qualitative descriptive research method with a case study approach, namely on stocks belonging to the Jakarta Islamic Index group for the 2017-2020 period through an analysis of the Capital Assets Pricing Model (CAPM) method as the basis for making decisions. Investation decision. The type of data used in conducting this research is panel data (Time Series) for the period 2017 to 2020. The source of the data used comes from secondary data that has been published and issued by the Indonesia Stock Exchange and Bank Indonesia, namely Price Index data. Joint Stock (JCI), Share Price and Bank Indonesia Certificates. The results of this study indicate that stock beta has a significant effect on stock returns. The higher the risk (βi), the higher the stock return. Associated with the CAPM theory that beta is a company's measure of beta. The results of this study indicate individual stock returns, systematic risk and a comparison of individual returns expected by investors on stocks included in the JII index for the 2017-2020 period
Analisis Pengaruh Current Ratio, Inventory Turnover, Dan Firm Size Terhadap Kinerja Keuangan Perusahaan Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Tahun (2016-2020)
This research is intended to analyze the effect of Current Ratio, Inventory Turnover, and Firm Size to financial performance of consumer goods industry companies in the food and beverage sub-sector on the indonesian stock exchange in the years of 2016-2020. The re-search methodology used is quantitative method with data panel, which is combination of time series and cross-sectional data, using secondary data obtained from Indonesia Stock Exchange website and IDN Financials website. Mechanical sampling uses purposive sampling method with annual data and the research period from year 2016 to year 2020. The data analysis technique used is multiple linear regression with normality test, classic as-sumption test (multicollinearity test, autocorrelation test, and heteroscedasticity test) and t-statistical hypothesis test and f-statistic to examine the effect together with a significance level of 5%. The results of this research indicated that Inventory Turnover (ITO), and Firm Size have a negative effect and significant on financial performance, but CR variable has a positive effect and not significant on financial performance. Meanwhile, the independent variables CR, ITO, and Firm Size have simultaneously a significant relationship to the dependent variable of financial performance. Coefficient of determination from this research indicates a figure of 42%, it shows that the variation of the independent variables CR, ITO, and Firm Size are able to explain the variations fluctuation dependent variable financial performance amounted to 42%, while the remaining 58% is affected by other independent variables
Analisa Keputusan Investasi Dengan Pendekatan Fundamental Dan Teknikal Pada PT. Bumi Serpong Damai Tbk
Penelitian ini bertujuan untuk menganalisa perusahaan PT. Bumi Serpong Damai Tbk secara fundamental baik dari faktor makroekonomi dan industri, prospek bisnis dan strate-gi perusahaan, kinerja laporan keuangan serta pergerakan harga saham perusahaan. Metodologi penelitian yang digunakan adalah Analisis Deskriptif dengan pendekatan Kualitatif. Metode penelitian kualitatif merupakan metode penelitian yang lebih menekankan pada aspek pemahaman secara mendalam terhadap suatu masalah dari pada melihat permasalahan untuk penelitian generalisasi. Metode penelitian ini lebih suka menggunakan teknik analisis mendalam (in-depth analysis), yaitu mengkaji masalah secara kasus perkasus karena metodologi kulitatif yakin bahwa sifat suatu masalah satu akan berbeda dengan sifat dari masalah lainnya
Analisis Pengaruh Kinerja Keuangan Terhadap Harga Saham Perusahaan Manufaktur Sub Sektor Otomotif Yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2018
This research is intended to analyze the effect of Earning Per Share (EPS), Debt to Asset Ratio (DAR), and Debt to Equity Ratio (DER) to the stock price of the automotive sub-sector in the years of 2014-2018. The research methodology used is quantitative method with data panel, which is combination of time series and cross-sectional data, using secondary data obtained from Indonesia Stock Exchange website and IDN Financials website. Mechanical sampling uses purposive sampling method with annual data and the research period from year 2014 to year 2018. The data analysis technique used is multiple linear regression with normality test, classic assumption test (multicollinearity test, autocorrelation test, and heteroscedasticity test) and t-statistical hypothesis test and f-statistic to examine the effect together with a significance level of 5%. The results of this research indicated that EPS and DAR variables partially have a positive effect and significant on company’s stock price,but DER variable has a negative effect and significant on company’s stock price. Meanwhile, the independent variables EPS, DAR, and DER have simultaneously a significant relationship to the dependent variable of company’s stock price. Coefficient of determination from this research indicates a figure of 89%, it shows that the variation of the independent variables EPS, DAR, and DER are able to explain the variations fluctuation dependent variable company’s stock price amounted to 89%, while the remaining 11% is affected by other independent variables
Analisis Perbandingan Kinerja Keuagan (Likuiditas, Solvabilitas, Profitabilitas, Dan Aktivitas) PT. Unilever Indoneia Tbk, (UNVR) Dan Pt. Indofood Sukses Makmur Tbk, (INDF) Di Bursa Efek Indonesia Tahun 2014-2018
The purpose of this research is to analyze comparative of the company financial performance PT. Unilever Indonesia Tbk, (UNVR) and PT. Indofood Sukses Makmur Tbk, (INDF) at Indonesia Stock Exchange in the periods of 2014-2018. The research methodology use is descriptive qualitative method with case study research. The type of panel data (time series and cross section) derived from secondary data of the Indonesia Stock Exchange. Mechanical sampling used purposive sampling method with annual data from 2014-2018. Data are analyzed using qualitative comparation of the company financial performance through the comparative approach to the liquidity ratio, solvability ratio, profitability ratio, and activity ratio. The results of this research show that the liquidity ratio (CR) of INDF enterprises has better performance than UNVR. The liquidity ratio (QR) of INDF enterprises has better performance than UNVR. The solvability ratio (DAR) of INDF enterprises has better performance than UNVR. The solvability ratio (DER) of INDF enterprises has better performance than INVR. Based on the profitability ratio (ROA) of UNVR enterprises has better performance than INDF. the profitability (ROE) of UNVR enterprises has better performance than INDF. While on activity ratio (TATO) of UNVR enterprises has better performance than INDF. The activity ratio (ITO) of UNVR enterprises has better performance than INDF
Penerapan Sistem E-Filing Dan Pemahaman Perpajakan Terhadap Kepatuhan Wajib Pajak Orang Pribadi Di KPP Pratama Kembangan Jakarta Tahun 2020
This study aimed to analyze the impact of the implementation of E-Filing system and understanding of taxation on individual taxpayer compliance in KPP Pratama Kembangan Jakarta in the year of 2020. The research methodology used is quantitative method with cross section data and primary data obtained from questionnaires. The criteria set for taking the sample in this study are taxpayers who have used E-Filing and are registered in KPP Pratama Kembangan Jakarta and data collection using a questionnaire distributed manually and directly to respondents. The number of questionnaires is distributed to 100 respondents. The data analysis technique used is multiple linear regression to test the validity, reliability test, the test model stability, linearity test, normality test, classic assumption test (test multicollinearity, heteroscedasticity test) and hypothesis testing t-statistic and f-statistic to examine the effect together with a significance level of 5%. The results of this study show that the adoption of the E-Filing System has a positive and significant effect on the compliance of each taxpayer with a correlation coefficient of 0.319210. Understanding Taxation shows a positive and significant effect on the Compliance of Personal Taxpayers with a effect coefficient of 0.466312. Simultaneous of E-Filing system and taxation understanding have a significant relationship to the variables in the individual taxpayer compliance. Coefficient of determination from this study shows 64% result, it shows that the variations of the independent variables the implementation of E-Filing system and understanding of taxation a able to explain the rise and fall of the dependent variable individual taxpayer is 64%, while the remaining of 36% is affected by other independent variables
Evaluasi Perhitungan Harga Pokok Produksi Dengan Menggunakan Metode Full Costing Untuk Menentukan Harga Jual Pada Malva Konveksi
The research aims to calculate the of cost of production to determine the selling price in Malva Konveksi. The calculation cost of production to determine the selling price using full costing method. The research method used in this research is qualitative descriptive. Data is collected using documentation method and data is analyzed using full costing method to calculate cost of production and sale price. The results showed that the company’s calculation of the cost of production is lower than the production cost price calculation using a full costing method. Cost of production is calculated using a company’s method is Rp. 63,818,850 and according to the full costing method is Rp. 65,282,100. This is because in the calculation of factory overhead cost companies do not take into account seme cost into the cost of production as the cost maintenance of machine, and the cost of depreciation of machine. The discovery of deficiencies in the classification of cost, it is very influential on the determination of cost of production and it is role in the selling price.
Analisis Pengaruh Pendapatan Asli Daerah, Dana Bagi Hasil, Dana Alokasi Umum Dan Dana Alokasi Khusus Terhadap Belanja Modal (Studi Kasus Pada Pemerintah Kabupaten/Kota Di Provinsi Jawa Barat Tahun Anggaran 2016 – 2018)
The research aims to analyze the effect of Regional Revenue, Revenue Sharing Funds, General Allocation Fund and Special Allocation Fund on Capital Expenditures at ditricts/citys in West Java province. The research methodology used is a quantitative descriptive method with panel data types (time series data and cross section) and sources of data derived from secondary data obtained from the Badan Pusat Statistika. Total samples of 16 districts/citys period from 2016 to 2018 are selected using purposive sampling method. The data are analysed by using multiple linear regression analysis with SPSS 25 software application. The results of this study indicate that the Regional Revenues and General Allocation Fund has a positive impact and significant on Capital Expenditures, while Revenue Sharing Funds has a positive impact and not significant on Capital Expenditures and Special Allocation Fund has a negatif impact and not significant on Capital Expenditures. And simultaneously (together) independent variables have correlation to Capital Expenditure with a percentage of 81,8%, while the remaining of 18,2% is affected by other independent variables not included in this study
Analisis Pengaruh Kesadaran Wajib Pajak, Sanksi Perpajakan, Dan Penghindaran Pajak Terhadap Kepatuhan Wajib Pajak Orang Pribadi Di KPP Pratama Jakarta Pulo gadung Tahun 2020
This study aims to analyze the effect of taxpayer awareness, tax sanction, and tax avoidance on tax compliance at KPP Pratama Jakarta Pulogadung in the year of 2020. The research methodology used is quantitative method with cross section data and primary data obtained from questionnaires. Mechanical sampling uses purposive sampling method with the data in 2020. The data analysis technique used is multiple linear regression to test the validity, reliability test, the test model stability, linearity test, normality test, classic assumption test (test multicollinearity, heteroscedasticity test) and hypothesis testing t-statistic and f-statistic to examine the effect together with a significance level of 5%. The results of this study show that in variables of Taxpayer awareness, tax sanction, and tax avoidance have a positive impact and significant on the Tax Compliance. Meanwhile, independent variables of Taxpayer Awareness, Tax Sanction, and Tax Avoidance simultaneously together have a significant relationship to the dependent variable of Tax Compliance. Coefficient of determination from this study show 72,80%. It show that the variations of the independent variables such as Taxpayer Awareness, Tax Sanction, and Tax Avoidance are able to explain the rise and fall of the dependent variable variation Tax Compliance is 72,80%, while the remaining of 27,20% is affected by other independent variables
Pengaruh Ukuran Perusahaan, Current Ratio, Leverage, Dan Return On Assets Terhadap Tax Avoidance (Studi Kasus Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di BEI 2016-2018)
This study aims to analyze the effect of Firm Size, Current Ratio, Leverage and Return On Assets (ROA) on Tax Avoidance (Case Study On Consumer Goods Industry Listed In Indonesia Stock Exchange In The Periods Of 2016-2018). The Research Methodology used is quantitative method with panel data (cross section and time series) and secondary data obtained from the Indonesia Stock Exchange. Mechanical sampling uses purposive sampling method with annual data and research period from 2016 to 2018. The results of this study show that partially independent variable of Firm Size and variable Current Ratio has a positive effect and significant on Tax Avoidance. And independent variable of Leverage has no effect on Tax Avoidance. And independent variable of Return On Assets (ROA) has a negative effect and significant on Tax Avoidance. Meanwhile, independent variables together have a significant relationship to dependent variable of Tax Avoidance
Analisis Keputusan Investasi Pada Saham-Saham Yang Terdaftar Dalam Indeks IDX30 Dengan Menggunakan Metode Capital Asset Pricing Model (CAPM) Periode 2017-2019
This study aims to analyze the investment decisions making of stocks listed in IDX30 index using CAPM (Capital Asset Pricing Model) method as a basis for investment decision making for the periods of 2017-2019. The research methodology uses is a qualitative descriptive method where the required data is obtained from the Indonesia Stock Exchange. The sampling technique uses is a purposive sampling method by selecting 30 stocks that are classified into the IDX30 index to the periods 2017-2019 resulting 10 companies as a research samples. The data analysis technique uses is the analysis of the Capital Asset Pricing Model method. The results of this study indicate that there is a positive and linear relation between the magnitude of systematic risk and the expected rate of return. there are 5 stocks which classified as undervalued stocks, namely: BBCA, BBRI, BBNI, BMRI and ICBP. These stocks has [Ri>E(Ri)]. The investment decision take is to consider buying undervalued stocks. And there are 5 stocks which classified as overvalued stocks, namely: ASII, GGRM, HMSP, TLKM and UNVR. These stocks has [Ri<E(Ri)]. The investment decision take is to consider undervalued stocks.
Analisis Perbedaan Harga Saham,Abnormal Return, Dan Volume Perdagangan Saham Sebelum Dan Sesudahstock Split PT. Indofood CBP Sukses Makmur Tbk Tahun 2016
This study aims to analyze differences in stock prices,abnormal return,stock trading volume before and after the stock split of PT.Indofood CBP Sukses Makmur Tbk in 2016. The research methodology used is a quantitative method with cross section data an time series data obtained from yahoo finance. The sampling technique used is the analysis of quantitative data or statistical data, because the data are variabel,processed,and tested using event studies,and T-test. The results of this study shows that the stock price variabel there are differences before and after the stock split,which means that the stock price has experienced a significant increase after the announcement of stock split,abnormal return and stock trading volume there is no difference before and after the stock split,which means abnormal return and trading volume the stock did not experience a significant increase after the announcement of the stock split
Analisa Pengaruh Faktor Return On Assets (ROA), Earning Per Share (EPS), Dan Reputasi Underwriter Terhadap Underpricing Saham IPO Di Bursa Efek Indonesia Tahun 2016-2018
The study aims to analyze the effect of return on assets (ROA), earning per share (EPS), and underwriter reputation on the underpricing of IPO shares in the Indonesian Stock Exchange in the years of 2016-2018. The research methodology used is a quantitative method with the type of time series data and secondary data in the form of a prospectus and company financial statements conducting an IPO obtained from the official website of the Indonesia Stock Exchange. Mechanical sampling using a purposive sampling method with the data from 2016-2018. The data analysis technique used is multiple linear regression to normality test, classic assumption test (multicollinearity test, autocorrelation test), and hypothesis testing t-statistic and f-statistic to examine the effect together with a significance level of 5%. The results of this study shows that in partial variable return on assets (ROA), earning per share (EPS), and underwriter reputation has a positive and significant impact on the underpricing of IPO shares in the Indonesian Stock Exchange in the years of 2016-2018. While the underwriter reputation does not have a significant effect. Meanwhile, the independent variables of return on assets (ROA), earning per share (EPS), and underwriter reputation simultaneously together have a significant relationship to the dependent variable, underpricing of IPO shares in the Indonesian Stock Exchange in the years of 2016-2018. Coefficient of determination of this study shows a figure of 18.75% shows that the variation of the free variable return on assets (ROA), earning per share (EPS) and reputation underwriter can explain the rise and fall of variations of underpricing dependent variables by 18.75% while the remaining of 81.25% is affected by other independent variables
Pengaruh Earning Management, Leverage, Dan Firm Size Terhadap Firm Value Pada Perusahaan Retail Yang Terdaftar Di BEI Tahun 2014 – 2019
This research is intended to analyze the effect of Earning Management, Leverage, and Firm Size on Firm Value in Retail Companies listed on the IDX in the years of 2014-2019 Q3. The research methodology used is quantitative methods with panel data, which is a combination of time series and cross-sectional data using secondary data obtained from the Indonesia Stock Exchange website and corporate website. The sampling techniques use purposive sampling methods annual data and the research period from 2014 to year 2019 Q3. The data analysis techniques used are multiple linear regression with normality test, classical assumption test (multicollinearity), and t-statistical hypothesis test and f-statistics to test the significance of the effect together with a significance level of 5%. The results of this research indicate that parts of the Earning Management variable and the Firm Size variable does have negative impact but not significant on the Firm Value and the Leverage variable does have negative impact and significant on the Firm Value. Coefficient of determination from this research indicates a figure of 56.64% it shows that the variation in the independent variables Earning Management, Leverage, and Firm Size are able to explain the variation fluctuation dependent variable Firm Value amounted to 56.64%, while the remaining of 43.36% is affected by other independent variables not entered in this regression model
Analisis Penilaian Harga Wajar Saham Yang Terdaftar Dalam Indeks JII Dengan Metode Price To Earning Ratio Periode Tahun 2014-2018
This study aims to analyze the intrinsic value of stock valuation listed in JII index with price to earning ratio method for the periods of 2014-2018. The research methodology uses qualitative descriptive research with panel data (time series & cross section) and secondary data obtained from Indonesia Stock Exchange. Mechanical sampling uses purposive sampling method with the data in 2014-2018. The result of this study shows that based on valuation result on 10 stocks which filled the research object criteria shows that 8 issuers have smaller intrinsic value than the market price or overvalued, there are ADRO, ASII, ICBP, INDF, KLBF, TLKM, UNVR, and WIKA. Meanwhile, 2 others have greater intrinsic value than the market value or undervalued, AKRA and UNTR
Analisis Pengaruh Current Ratio (CR), Debt To Equity Ratio (DER) Dan Total Asset Turnover (TATO) Terhadap Return On Equity (ROE) Pada Perusahaan Farmasi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2013-2018
The purpose of this research is to analysis the influence of Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) on Return On Equity (ROE) in Pharmaceuticals Company listed in Indonesia Stock Exchange in 2013-2018. The research methodology used is quantitative method with panel data (cross section and time series) and secondary data of financial statement obtained from Indonesia Stock Exchange. Sampling Technique used is purposive sampling with annual data for period 2013 to 2018. The data analysis technique used is multiple linier regression to test for normality, classic assumption test (multicollinearity test, autocorrelation test and heteroscedasticity test) and test hypothesis t-statistic to examine the partial regression coefficient and f-statistic to examine the effect simultaneous with a significance level of 5%. The result of this study indicates that independent variable Current Ratio (CR), Debt to Equity Ratio (DER) and Total Asset Turnover (TATO) simultaneously had a significant corellation to the dependent variable is Return On Equity (ROE). Meanwhile, partially Current Ratio (CR) has negative effect but not significant effect on Return On Equity (ROE). While Debt to Equity Ratio (DER) and Total Asset Turnover (TATO) have positive effect and significant on Return On Equity (ROE)
Analisis Perbandingan Laporan Keuangan Untuk Menilai Kinerja Keuangan Pada Perusahan Sub Sektor Rokok Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2018
The purpose of this research was to analyze comparation the financial performance of cigarette sub sector companies listed at Indonesia Stock Exchange in 2015-2018. The research methodology used is qualitative descriptive method with case study research. The type of panel data (time series and cross section) derived from secondary data on Indonesia Stock Exchange. Sample retrieval technique using a purposive sampling method with annual data from 2015-2018. Data were analyzed using qualitative comparation of the company financial performance through the comparative approach to the liquidity ratio, solvability ratio, profitability ratio and activity ratio. The result of this research show that the liquidity ratio (CR) PT HM. Sampoerna, Tbk (HMSP) has better performance compared to other cigarette companies and similar industry average. Where the solvency ratios (DAR & DER) PT. HM Sampoerna, Tbk (HMSP) has better performance compared to other cigarette companies and similar industry average. While the profitability ratios (NPM, ROA, and ROE) PT. HM Sampoerna,Tbk (HMSP) has better performance compared to other cigarette companies and similar industry average. While the activity ratio (TATO) PT HM. Sampoerna, Tbk (HMSP) has better performance compared to other cigarette companies and similar industry average
Analisis Pengaruh Solvabilitas, Ukuran Kantor Akuntan Publik Dan Profitabilitas Terhadap Audit Delay (Studi Kasus Pada Perusahaan Di Jakarta Islamic Index70 (JII70) Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2018)
Penelitian ini bertujuan untuk menganalisis Solvabilitas, Ukuran Kantor Akuntan Publik dan Profitabilitas yang mempengaruhi Audit Delay pada perusahaan di Jakarta Islamic Index70 (JII70) yang terdaftar di bursa efek indonesia periode 2016-2018. Metode pengambilan sampel yang digunakan dalam penelitian ini adalah purposive sampling dan diperoleh sampel 12 perusahaan. Data yang digunakan adalah data sekunder yang di peroleh dari website Bursa Efek Indonesia periode 2016 – 2018. Populasi yang di gunakan adalah perusahaan di Jakarta Islamic Index70 (JII70) yang selalu di perbaharui setiap 6 bulan. Hasil penelitian ini menunjukan bahwa Solvabilitas berpengaruh positif tidak signifikan terhadap Audit Delay, Ukuran Kantor Akuntan Publik berpengaruh positif signifikan terhadap Audit Delay dan Profitabilitas Berpengaruh Negatif signifikan terhadap Audit Delay. Sementara Solvabilitas, Ukuran Kantor Akuntan Publik dan Profitabilitas secara bersama-sama memiliki hubungan yang signifikan terhadap Audit Delay. Koefisien Determinasi menunjukan bahwa variabel-variable bebas Solvabilitas, Ukuran Kantor Akuntan Publik dan Profitabilitas Mampu menjelaskan Variabel Terikat Audit Delay sebesar 40,1% sedangkan sisanya sebesar 54,6% dijelaskan oleh variabel lain
Analisis Pembentukan Portofolio Optimal Dengan Menggunakan Model Indeks Tunggal (Studi Kasus Pada Saham-Saham Jakarta Islamic Index Periode 2016-2018)
The purpose of this research is to analyze the optimal portfolio using single index model on Jakarta Islamic Index Stocks for the periods of 2016 until 2018. This research methodology used is descriptive method with case study approach, using panel data, and secondary data obtained from Indonesia Stock Exchange. Technique sampling of this research used is purposive sampling method with daily data and research period 2016-2018. Technique of data analysis in this research used is optimal portfolio analysis with Single Index Model. The results of this research show that from 17 companies, there are 5 companies forming optimal portfolio with fund proportion of each stock; PT Adaro Energy Tbk. (ADRO) 30.62%, PT Indofood CBP Sukses Makmur Tbk. (ICBP) 24.40%, PT Vale Indonesia Tbk. (INCO) 19.48%, PT United Tractors Tbk. (UNTR) 17.83%, and PT Indofood Sukses Makmur (INDF) 7.67%. The optimal portofolio generates daily expected return of 0.1336% with risk of 0.0710%
Analisis Pengaruh Ukuran Kantor Akuntan Publik, Return On Assets Dan Debt To Assets Ratio Terhadap Audit Delay (Studi Kasus Pada Perusahaan Sektor Manufaktur Yang Terdaftar Di BEI Periode 2016-2018)
This research aims to analyze of the effect of The Size of Public Accountant Firm, Return on Assets and Debt to Assets Ratio On Audit Delay In Manufacturing Sector Companies Listed In Indonesia Stock Exchange In The Periods of 2016-2018 The research methodology used is quantitative method. The type of data used in this research is panel data and source of data derived from secondary data in the form of the annual financial statement obtained from Website of Indonesia Stock Exchange. Sampel on this study are 20 manufacturing sector companies that listed in Indonesia Stock Exchange with sampling technique using a purposive sampling method. The data analysis technique used is multiple linear regression. The results of this study Indicate that The Size of Public Accountant Firm partially has positive influence but not significant on Audit Delay with a value of tcount (1.695460) < ttable (2,00324), Return on Assets has negative influence and significant on Audit Delay with a value of tcount (-2.155900) > ttable (2,00324) and Debt to Assets Ratio has positive influence and significant on Audit Delay with a value of tcount (2.272603) > ttable (2,00324). Meanwhile, simultaniously The Size of Public Accountant Firm, Return on Assets and Debt to Assets Ratio has significant influence on Audit Delay with a value of Fcount (9.816156) > Ftable (2.77) and a value of R2 is 76,7 %. This means the variations of independent variables affect variations of the dependent variable by 76.7%, while the remaining of 23.3% is affected by other independent variables not entered in this regression model