BAKI (Berkala Akuntansi dan Keuangan Indonesia)

STOCK LIQUIDITY: THE ROLES OF FOREIGN AND LOCAL INSTITUTIONS

2024-09-21T22:48:29+07:00

High or low liquidity of stocks can affect investment decisions, liquid stocks tend to attract the attention of investors. One factor that can affect stock liquidity is institutional ownership. This study aims to determine the effect of foreign and local institutional ownership on stock liquidity. This research sample uses stock data on IDX and stock ownership data on KSEI in 2021. Stock liquidity data is calculated using the bid-ask spread. The hypothesis was tested using the quantile regression method. The results of this study indicate that foreign and local institutional ownership has a positive effect on stock liquidity. However, the coefficient value of foreign institutions is greater than that of local institutions, which means that foreign institutional ownership dominates in driving stock liquidity. These findings contribute theoretically to the validity of agency conflicts and some practically. First, these results can be used for investors in considering their investment decisions in stocks that have foreign and local institutional ownership structures. Second, these results can be used by management to consider the impact of the institutional ownership structure within the company.

EFFECT OF AUDIT QUALITY AS A MODERATOR BETWEEN MANAGERIAL OWNERSHIP, LEVERAGE, FREE CASH FLOW, AND PROFITABILITY ON EARNINGS MANAGEMENT

2023-09-04T10:04:09+07:00

This study aims to determine whether audit quality can moderate the relationship between managerial ownership, leverage, free cash flow, and profitability on earnings management. The research was conducted on food and beverage sub-sector companies listed on the Indonesia Stock Exchange for 2017-2021 by looking at financial reports through the IDX website at the Muhammadiyah University of Sidoarjo Investment Gallery and obtained a total sample of 65 companies. This type of research is quantitative research with sampling using purposive sampling technique. The analysis technique uses the Moderated Regression Analysis (MRA) Test with SPSS software. The results of this study indicate that managerial ownership, profitability, and free cash flow have an effect on earnings management, while leverage has no effect on earnings management. The results of moderation indicate that audit quality is able to moderate the relationship between free cash flow and earnings management, but audit quality is not able to moderate the relationship between managerial ownership, leverage, and profitability on earnings management.

THE IMPACTS OF MACROECONOMIC VARIABLES ON THE MOVEMENT OF COMPOSITE STOCK PRICE INDEX (CSPI) DURING COVID-19 PANDEMIC IN INDONESIA

2024-08-12T01:17:24+07:00

Studi ini menyelidiki hubungan antara berbagai variabel makroekonomi”PDB, suku bunga, jumlah uang beredar, inflasi, harga minyak, dan nilai tukar, dengan IHSG di Indonesia selama pandemi COVID-19 dari tahun 2020 hingga 2022. Teori agensi digunakan sebagai kerangka dasar penelitian ini, memberikan wawasan tentang bagaimana informasi makroekonomi memengaruhi perilaku perusahaan dan investor. Dengan pendekatan kuantitatif, studi ini menggunakan metode kuadrat terkecil biasa untuk menganalisis hubungan antara variabel independen dan dependen. Temuan menunjukkan bahwa PDB, jumlah uang beredar, dan harga minyak memiliki pengaruh positif terhadap IHSG, sedangkan nilai tukar memiliki dampak negatif. Sebaliknya, suku bunga dan inflasi tidak memengaruhi IHSG. Hasil ini meningkatkan pemahaman tentang bagaimana faktor-faktor makroekonomi berinteraksi dengan IHSG selama ketidakstabilan ekonomi yang disebabkan oleh pandemi COVID-19 sejalan dengan hasil penelitian sebelumnya.

BOARD CHARACTERISTICS DAN ESG PERFORMANCE PERUSAHAAN AMERIKA SERIKAT PANDEMI COVID-19

2024-02-16T10:33:52+07:00

Penelitian ini menguji hubungan antara board characteristics, yang terdiri dari board ownership, board age, dan women on board, terhadap ESG Performance perusahaan Amerika Serikat yang terdaftar di Bursa Efek New York selama pandemi Covid-19 dari tahun 2020 hingga 2022. Grand theory yang digunakan sebagai landasan dalam melakukan penelitian ini adalah stakeholder theory, yang melihat kemampuan manajemen dalam bertanggung jawab bagi pemangku kepentingan lewat ESG performance. Penelitian ini menggunakan pendekatan kuantitatif yang menggunakan regresi berganda ordinary least squares untuk menguji pengaruh antara variabel dependen dan independen dengan variabel kontrol, yakni firm size, current ratio, dan debt-to-asset ratio. Hasil penelitian menunjukkan bahwa board ownership memiliki pengaruh negatif signifikan terhadap ESG performance, board age tidak memiliki pengaruh terhadap ESG performance, dan women on board memiliki pengaruh negatif signifikan terhadap ESG performance. Board characteristics pada perusahaan memiliki dampak terhadap program kerja dan kinerja ESG, sehingga perusahaan harus memberikan perhatian dan fokus yang lebih agar board mampu menjalankan tanggung jawabnya untuk peduli kepada faktor-faktor ESG selain faktor-faktor keuangan.

A PHILOSOPHY IN ACCOUNTING

2023-12-28T12:19:59+07:00

This study uses bibliometric techniques to review the perception, accruals, and fraud literature systematically. The study examines the intellectual structure of this literature by conducting bibliographic coupling analyses. Additionally, the study maps the major conceptual themes in this literature using co-word analysis. Based on the findings, the study proposes a research agenda highlighting opportunities for theoretical development in the perception, accruals, and fraud literature. The study's findings can lead to future research directions and offer insights into the state of the field's investigation at the present time.

Stock Return: Moderation of Firm Size on the Effect of Financial Distress

2024-09-16T08:43:44+07:00

Munculnya pandemi Covid-19 merugikan berbagai sektor bisnis, yang berdampak pada hilangnya investor karena kecilnya return saham yang diberikan perusahaan. Penelitian dilakukan untuk mengeksplorasi pengaruh financial distress terhadap return saham, menggunakan variabel pemoderasi berupa ukuran perusahaan. Objek penelitian merupakan perusahaan sektor transportasi dan logistik yang ter-listing dalam Bursa Efek Indonesia (BEI) periode 2019-2021, didapatkan 57 sampel, melalui eliminasi perusahaan yang tidak memenuhi kriteria. Penelitian bersifat kuantitatif, memanfaatkan data sekunder berupa laporan tahunan perusahaan, didapatkan melalui situs web masing-masing perusahaan. Data dianalisis menggunakan bantuan SPSS Versi 23. Temuan penelitian membuktikan return saham tidak dipengaruhi oleh financial distress. Selain itu, ukuran perusahaan juga tidak mampu berperan sebagai variabel moderasi.