AFRE Accounting and Financial Review最新文献

{"title":"Kualitas Audit sebagai Pemediasi Ukuran Perusahaan, Ukuran Dewan Komisaris, dan Jenis Kelamin CEO terhadap Fee Audit","authors":"Destiur Krisnasari Simatupang, Tubagus Ismail, Muhamad Taqi","doi":"10.26905/afr.v4i2.6511","DOIUrl":"https://doi.org/10.26905/afr.v4i2.6511","url":null,"abstract":"This study aims to examine the effect of firm size, board of commissioners size, and CEO gender on external auditor fees with audit quality as a mediating variable in banking companies. This study uses secondary data from the annual reports of all banking companies. The sample of this study consisted of 15 banking companies listed on the Indonesia Stock Exchange in 2014-2019 using the purposive sampling method as the research method and using multiple linear regression analysis models and Sobel tests. The results show that the size of the company and the size of the board of commissioners and audit quality partially have a significant effect on external audit fees, and company size on audit fees with audit quality as a mediating variable. While the gender of the CEO has no effect on external audit fees, company size, the size of the board of commissioners, and the gender of the CEO have no effect on audit quality, as well as the size of the board of commissioners, the gender of the CEO has no effect on audit fees with audit quality. as a mediating variable.DOI: https://doi.org/10.26905/afr.v4i2.6511","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"46 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91347140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Pengujian Fraud Pentagon dalam Mendeteksi Kecurangan Laporan Keuangan","authors":"Adhika Raharja Putra, Yefta Andi Kusnoegroho","doi":"10.26905/afr.v4i2.6269","DOIUrl":"https://doi.org/10.26905/afr.v4i2.6269","url":null,"abstract":"A good financial report produced by the company is a reflection of the actual condition of the company and there are no errors. However, management performance is sometimes not as good as expected, so that financial statement fraud can occur for the sake of a good company image. This study is a quantitative study that aims to examine the effect of the pentagon fraud as proxied by eight consisting of three variables from the pressure element (financial target, financial stability, external pressure), two variables from the opportunity element (ineffective monitoring, external auditor quality), one the variable from the element of rationalization (change in auditor), one variable from the element of competence (change in director) and one variable from the element of arrogance (frequent number of CEO's picture) on the existence of fraudulent acts of financial statements. This study uses secondary data with purposive sampling, there are 16 consumer goods industrial sector companies listed on the Indonesia Stock Exchange in 2017-2020. The results of this study prove that the variables of pressure and arrogance have a positive influence on the existence of fraudulent acts of financial statementsl","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89523403","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Rasio Keuangan dan Arus Kas sebagai Prediktor Pembagian Dividen di Indonesia","authors":"H. Lestari, Wahyuni Rusliyana Sari, H. Hartini, Adinda Putri Ramdhani","doi":"10.26905/afr.v4i2.6123","DOIUrl":"https://doi.org/10.26905/afr.v4i2.6123","url":null,"abstract":"The purpose of this study is to determine the factors that influence the distribution of dividends in Indonesia. The objects of this research are 51 manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2019 period. The method used is balanced panel data with random effects model. The results of this study are return on equity, cash flow, growth, and market to book value have a significant effect on the dividend payout ratio. While the variables of tax, current ratio, and institutional holding have no effect on the dividend payout ratio. The combination of financial ratios, cash flow, taxes, and institutional holding gives a new combination to this research. The contribution of this research is showed the fact that cash flow has a bigger role than profitability, while the sales will increase growth and stock prices will also increase thereby increasing dividend payments.DOI: https://doi.org/10.26905/afr.v4i2.6123","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"67 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72443610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Efek Keputusan Pendanaan terhadap Nilai Perusahaan: GCG sebagai Variabel Moderasi","authors":"Lorensia Fidelia Charita, Apriani Dorkas Rambu Atahau, Samuel Martono","doi":"10.26905/afr.v4i2.6137","DOIUrl":"https://doi.org/10.26905/afr.v4i2.6137","url":null,"abstract":"This study aims to examine the effect of funding decisions on firm value with Good Corporate Governance as a moderating variable. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange (IDX). Using purposive sampling method with a total sample of 160 companiesduring 2016-2019 periods, the data were analyzed with panel data regression. The findings shows that the funding decision negatively affect the firm value, while GCG failed to moderate the effect of funding decision on firmvalue. It implies that firms need to optimize their level of debt to boost the value of the firms.Investors see that the company has not been able to manage debt to improve the firm's performance properly. So that an increase in debt will tend to reduce the value of the firms.DOI: https://doi.org/10.26905/afr.v4i2.6137","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77137187","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CSR Disclosure towards Return On Assets: Study from Indonesia Banking Companies","authors":"Satya Wicaksono, A. Krisnawati","doi":"10.26905/afr.v4i2.6383","DOIUrl":"https://doi.org/10.26905/afr.v4i2.6383","url":null,"abstract":"Corporate Social Responsibility is a concept of how an organization have the responsibility toward their stakeholders, including their employees, consumers, shareholders, social, and the environment. This study investigates the influence of Corporate Social Responsibility Disclosure towards Return On Assets of banking firms registered in the Indonesia Stock Exchange from 2017-2020. Based on the purposive sampling carried out by the researchers, there are 9 banking companies being observed in the study. The data is analysed using the Data Panel Regression Analysis. The result reveals a significance and negative influence of Corporate Social Responsibility Disclosure towards Return On Assets. These findings can assist banking companies to disclosure their CSR actions in the future, because not only it will fulfil the regulation established by the government, but also create positive image of the companies in the public’s perception.","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83152308","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Liquidity, Profitability and Asset Growth towards the Dividend Payout Ratio","authors":"Heliani Heliani, Fitri Mareta, Eneng Rina, Mia Safitri Rahayu, Muhammad Rizky Ramdaniansyah","doi":"10.26905/afr.v4i2.6324","DOIUrl":"https://doi.org/10.26905/afr.v4i2.6324","url":null,"abstract":"The purpose of this study is to determine the factors that influence the distribution of dividends in Indonesia. The objects of this research are 51 manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2019 period. The method used is balanced panel data with random effects model. The results of this study are return on equity, cash flow, growth, and market to book value have a significant effect on the dividend payout ratio. While the variables of tax, current ratio, and institutional holding have no effect on the dividend payout ratio. The combination of financial ratios, cash flow, taxes, and institutional holding gives a new combination to this research. The contribution of this research is showed the fact that cash flow has a bigger role than profitability, while the sales will increase growth and stock prices will also increase thereby increasing dividend payments.","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88041642","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Can Good Corporate Governance Influence the Firm Performance? Empirical Study from Indonesia Transportation Firms","authors":"Muhammad Fakhri Musyaffa Budiman, A. Krisnawati","doi":"10.26905/AFR.V4I1.6017","DOIUrl":"https://doi.org/10.26905/AFR.V4I1.6017","url":null,"abstract":"Good corporate governance is one factor for the company to improve its performance and maximize shareholder value. The principles of transparency, accountability, responsibility, independence, and fairness are guidelines that must be used by all corporate entities in every company activities; therefore, they can run effectively and efficiently. However, the data shows that the implementation of good corporate governance in Indonesia is still low. Policies and regulations made by the government and companies can improve the low level of good corporate governance. Hence it can improve company performance, especially in terms of financial performance. This study aims to determine the effect of good corporate governance through managerial ownership, independent commissioners, and the board of directors on the company's financial performance through Return on Assets in transportation sub-sector companies listed on the Indonesia Stock Exchange. The data collection method uses secondary data in the form of company annual reports from 2017-2019. The The data analysis technique used regression analysis with panel data. The research findings show that managerial ownership, independent commissioners, and the board have no effect on financial performance as proxied by Return on Assets.Good corporate governance merupakan salah satu faktor bagi perusahaan untuk meningkatkan kinerja perusahaan dan memaksimalkan nilai pemegang saham. Prinsip transparansi, akuntabilitas, responsibilitas, independensi, dan fairness merupakan pedoman yang harus digunakan oleh seluruh entitas perusahaan dalam setiap aktivitas perusahaan, agar dapat berjalan secara efektif dan efisien. Namun data menunjukkan bahwa penerapan good corporate governance di Indonesia masih rendah. Tingkat good corporate governance yang rendah dapat diperbaiki melalui kebijakan dan regulasi yang dibuat oleh pemerintah dan perusahaan sehingga dapat meningkatkan kinerja perusahaan terutama dalam hal kinerja keuangan. Penelitian ini bertujuan untuk  mengetahui pengaruh good corporate governance melalui kepemilikan manajerial, komisaris independen, dan dewan direksi terhadap kinerja keuangan perusahaan melalui Return on Asset pada perusahaan sub sektor transportasi yang terdaftar di Bursa Efek Indonesia. Metode pengumpulan data menggunakan data sekunder berupa laporan tahunan perusahaan dari tahun 2017-2019.  Teknik analisis data menggunakan analisis regersi dengan data panel. Temuan penelitian menunjukkan kepemilikan manajerial, komisaris independen, dan dewan direksi tidak berpengaruh terhadap kinerja keuangan yang diproksikan dengan Return on Assets DOI: https://doi.org/10.26905/afr.v4i1.6017","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86143436","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Optimal Portofolio Creation using Markowitz Model","authors":"Muhammad Abdul Muis, S. Adhitama","doi":"10.26905/AFR.V4I1.5959","DOIUrl":"https://doi.org/10.26905/AFR.V4I1.5959","url":null,"abstract":"The research intends at analyzing the optimal portfolio creation using the Markowitz model (Mean variance) in the Chevron Pacific Indonesia pension fund.The research methodology used is qualitative descriptive method with panel and secondary data obtained from the Chevron Pacific Indonesia pension fund. The sampling technical method used the monthly data during the period January 2016 to December 2018. The data analysis technique used is a portfolio analysis using Markowitz model.In the analysis it was found that during the period. The writer considers investment activities Chevron Pacific Indonesia pension fund hasn't formed efficient portfolio and optimal, only produces an average realization return of 7.93% with a risk 3.50%. While efficient portfolio alternatives by using the mean variance model are: in GMV portfolio produces an expected return 7.93% with a risk 1.45%, while in Tangency portfolio an expected return is 8.07% with a risk 3.73%, while the maximum portfolio return produces an expected return of 10.24% with the highest level risk of 12.24%.Penelitian ini bertujuan untuk menganalisis penciptaan portofolio optimal dengan menggunakan model Markowitz (Mean variance) pada dana pensiun Chevron Pacific Indonesia. Metodologi penelitian yang digunakan adalah metode deskriptif kualitatif dengan panel dan data sekunder yang diperoleh dari dana pensiun Chevron Pacific Indonesia. Teknik pengambilan sampel menggunakan data bulanan selama periode Januari 2016 sampai dengan Desember 2018. Teknik analisis data yang digunakan adalah analisis portofolio dengan menggunakan model Markowitz. Dalam analisis ditemukan bahwa selama periode tersebut. Penulis menilai kegiatan investasi dana pensiun Chevron Pacific Indonesia belum membentuk prtfolio yang efisien dan optimal, hanya menghasilkan realisasi retun rata-rata sebesar 7,93% dengan risiko 3,50%. Sedangkan alternatif portofolio yang efisien dengan menggunakan mean variance model adalah: pada portofolio GMV menghasilkan expected return 7,93% dengan risiko 1,45%, sedangkan pada Tangency portfolio return yang diharapkan adalah 8,07% dengan risiko 3,73%, sedangkan return portofolio maksimum menghasilkan pengembalian yang diharapkan sebesar 10,24% dengan tingkat risiko tertinggi sebesar 12,24%. ","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89978036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Day of the Week Effect dan Volatilitas Cryptocurrency pada Masa Pandemi Covid-19","authors":"R. Robiyanto, Yahya Rechtiawan Djari","doi":"10.26905/AFR.V4I1.5713","DOIUrl":"https://doi.org/10.26905/AFR.V4I1.5713","url":null,"abstract":"The cryptocurrency market is a market that attracts researchers and investors because it is open every day. This can be seen by the anomalies that occur in the cryptocurrency market. This research uses cryptocurrencies with the largest market cap in 2020, namely Bitcoin, Ethereum, Tether, XRP, and Bitcoin cash as research objects. The data in this study uses daily returns for testing the day of the week effect and daily volatility on the cryptocurrencies under study. This study uses GARCH (1,1) to determine the day of the week effect and daily volatility in the cryptocurrency under study. The results of this study indicate that there is a day of the week effect and daily volatility in the cryptocurrency under study, and it does not move freely. This causes the cryptocurrency market to become an inefficient market. The patterns that occur can be exploited by investors as well as other research on the cryptocurrency under study. Investors can avoid days that have high volatility for example in Bitcoin which experiences high volatility on Fridays and Saturdays because it has a high risk as well. Investors are advised to be able to trade on Thursday for high returns and less risk. ","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"20 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79677094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Risk Tolerance and Investor Decision Behavior in MSMEs","authors":"N. Istiqomah, A. Krisnawati","doi":"10.26905/AFR.V4I1.5979","DOIUrl":"https://doi.org/10.26905/AFR.V4I1.5979","url":null,"abstract":"This research aimed to determine the effect of neutral information, accounting information, and risk tolerance on individual investors’decision making behavior at productive age in Bandung to invest in Micro, Small, Medium Enterprises (MSMEs) sectors. The phenomenon in this research were explored using quantitative methods. Researchers distributed questionnaires to people of productive age in Bandung city with a total of 400 respondents. The results showed that partially Neutral Information, Accounting Information, and Risk Tolerance variables had a significant effect on the investment decision making of individual investors at productive age in Bandung. The three variables Neutral Information, Accounting Information, and Risk Tolerance also simultaneously have a significant effect on investment decision making of individual investors at productive age in Bandung.Penelitian ini bertujuan untuk mengetahui pengaruh neutral information, accounting information, dan risk tolerance terhadap pengambilan keputusan investasi investor individu pada usia produktif di Kota Bandung untuk berinvestasi pada Sektor Usaha Mikro, Kecil, Menengah (UMKM). Fenomena dalam penelitian ini dieksplorasi dengan menggunakan metode kuantitatif. Peneliti menyebarkan kuesioner kepada masyarakat usia produktif di Kota Bandung dengan jumlah 400 responden. Hasil penelitian menunjukkan bahwa secara parsial variabel neutral information, accounting information, dan risk tolerance berpengaruh signifikan terhadap pengambilan keputusan investasi investor individu pada usia produktif di Kota Bandung. Ketiga variabel neutral information, accounting information, dan risk tolerance juga berpengaruh signifikan secara simultan terhadap pengambilan keputusan investasi investor individu pada usia produktif di Kota Bandung.DOI: https://doi.org/10.26905/afr.v4i2.5979","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91197337","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}