Ultimaccounting Jurnal Ilmu Akuntansi

DAMPAK CKPN TERHADAP KINERJA OPERASIONAL: RISIKO DAN PROFITABILITAS BANK PERKREDITAN RAKYAT

2025-01-21T09:49:51+00:00

Abstract - The financial performance of banking institutions reflects the efficiency and effectiveness of their operations, influenced by various internal and external factors. This study examines the effect of Loan Loss Provision (LLP) on the operating performance of Bank Perkreditan Rakyat (BPR). Using a quantitative approach, the research analyzes financial reports of BPRs supervised by the Otoritas Jasa Keuangan (OJK) from 2018 to 2022. Data were collected from the official websites of respective BPRs through online searches. A purposive sampling method was applied, resulting in a sample of 12 BPRs observed over 5 years. Hypothesis testing was conducted using multiple regression analysis with panel data. The results indicate that Loan Loss Provision (LLP) has a negative effect on operating performance, as measured by Return on Assets (ROA). This finding suggests that higher LLP allocations reduce profitability by limiting the capacity of BPRs to extend credit and generate interest income. The study contributes to understanding how risk management practices, particularly LLP, influence the financial outcomes of BPRs. It also provides insights for regulatory authorities, especially the Otoritas Jasa Keuangan (OJK), to evaluate the impact of LLP policies on BPR performance and their implications for the sustainability of small-scale banking operations.

Keywords: Profitability; Loan Loss Provision; Operating Performance; Bank Perkreditan Rakyat

PENGARUH ARUS KAS OPERASI, PROFITABILITAS, DAN LEVERAGE TERHADAP MANAJEMEN LABA DENGAN KEPEMILIKAN INSTITUSIONAL SEBAGAI PEMODERASI

2025-01-21T09:54:14+00:00

Abstract - This research aims to evaluate the impact of operational cash flow, profitability, and leverage on earnings management, by considering institutional ownership as a moderating factor. The data used in this analysis was obtained from financial reports periodically published on the IDX from 2020 to 2022. Financial reports are data that is collected. This information comes from the official IDX website. Consumer goods companies listed on the IDX for 2020–2022 are the population considered in this analysis. Regression analysis was carried out in this research using Eviews 10 software. The findings of this analysis state that operating cash flow has a negative effect on earnings management, profitability has a positive effect on earnings management, leverage has no effect on earnings management, institutional ownership cannot moderate the effect of operating cash flow on earnings management, institutional ownership cannot moderate the effect of profitability on earnings management, institutional ownership can moderate the effect of leverage on earnings management.

Keywords: Operating Cash Flow; Profitability; Leverage; Profit Management; Institutional Ownership

RELATIONSHIP BETWEEN GREEN BONDS AND OTHER FINANCIAL ASSETS: A BIBLIOMETRIC ANALYSIS

2025-01-21T09:55:08+00:00

Abstract - Green bonds have evolved in line with the aspirations of the economy. Green bonds, an initiative of economies to innovate and sustainably transform their financial systems, have drawn the attention of academics and policymakers due to the growing global concern for environmental protection, climate change mitigation, and adaptation. The purpose of this study is to investigate the development and scholarly evolution of the Green Bond idea through bibliometric analysis. A survey of academic literature from 2016 to 2024 (May) was conducted using the Scopus database. Intellectual structure and bibliographic analysis of the selected articles were conducted using R-Packages software and WebInterface Biblioshiny. The journals used in this study are Scopus-indexed journals, which are searched using the keywords green bond, cointegration, transmission, and spillover. The results showed that the theme of green bonds is exciting to research because it has increased yearly. France became the most researched country and produced 24 frequencies of articles. The most productive country with the most citations is China, which has 663 citations. Previous studies have found a spillover transmission from the financial asset market to the green bond market. This suggests that volatility in financial markets will spill over and affect the green bond market. This research can be used as an investment decision-making strategy, especially in building an investment portfolio.

Keywords: Bibliometrix; Green Bond; Green Finance; Scopus; Spillover.

THE ANALYSIS OF EARNING PERSISTENCE (AN EMPIRICAL STUDY ON KOMPAS100 INDEX LISTED ON IDX 2018-2021)

2025-01-21T10:01:26+00:00

Abstract - This research explains the factors that influence earnings persistence including company size, operating cash flow, ownership structure, and debt level. Earnings persistence is important for both investors and companies because it can reflect a company's ability to manage its assets effectively and generate profits in the future. This paper analyzes earnings persistence in the largest companies by market capitalization. This research uses a purposive sampling method and multiple linear regression for data analysis. This study finds that firm size has no significant influence on earning persistence, operating cash flow has a significant positive influence on earning persistence, ownership structure has a significant positive influence on earning persistence, DER has no significant negative influence on earning persistence. This study concludes that a company that has supported affiliations companies and sufficient operating cash flow tend to generate earnings persistent.

Keywords: Cash Flow; Debt Level; Earnings; Ownership; Size.

TAX AVOIDANCE, AUDIT FIRM AND COST OF DEBT: DOES INTEGRATED REPORT HAVE A PROMINENT ROLE?

2025-01-21T10:03:23+00:00

Abstract— This research aims to investigate the influence of tax avoidance, audit firm to cost of debt with integrated report as moderating variable in mining listed company in Indonesia Stock Exchange (IDX). Mining companies was selected due to the high rate of the borrowing cost of mining company from domestic and foreign bank. The sample was obtained using purposive sampling method with observation periods for 4 consecutive years (2019-2022). Moderated Regression Analysis (MRA) is used as an analytical model in this study. The empirical results showed that tax avoidance will increasing cost of debt, while audit firm is reducing it. Integrated report reveals two different results, where it is able to moderate the relationship between tax avoidance and cost of debt but unable to moderate audit firm and cost of debt. This result shed the light of the importance for company which has tax avoidance policy for doing voluntarily integrated report since it able to reduce the cost of debt. Besides, if the company has assigned big for auditor, the integrated reported does not provide either advantage or disadvantage impact.

Keywords: Tax Avoidance; Audit Firm; Cost of Debt; Integrated Report

ANALISIS KESIAPAN DAN PENERIMAAN TEKNOLOGI DALAM PENYUSUNAN LAPORAN KEUANGAN BUMDESA

2025-01-21T10:06:03+00:00

Abstract— This study aims to see the readiness and acceptance of the use of computerized information systems in the preparation of BUMDes financial statements. This study is concerned with one of the problems encountered in Village-Owned Enterprises (BUMDes) is the difficulty in preparing financial statements in addition to the need to increase financial literacy. The preparation of financial statements can be prepared manually or with the help of a computerized system. The method used is quantitative with a sampling selection method with convenience sampling to BUMDes administrators in Jombang Regency, East Java Province. This study uses the TRAM (Technology Readiness Acceptance Model) Model with a proxy of seven variables, namely optimism or optimism, innovation or innovativeness, discomfort or discomfort and insecurity or insecurity, perceived usefulness, perceived ease of use or perceived ease of use and interest in applying it or intention to use. The results of the study showed that of the 11 hypotheses proposed with the results of 5 hypotheses accepted and the rest rejected. These results show that BUMDES' readiness to use computerized information systems still needs to be improved. This study also recommends the need to socialize the benefits of computerized financial report preparation so that the perception of BUMDes administrators towards technology increases.

Keywords: TRAM; Financial Statement; Village-Owned Enterprises; Computerized Information Systems.

DISCLOSURE OF SUSTAINABILITY REPORTS ON ENERGY AND MINING COMPANIES: DOES OWNERSHIP STRUCTURE MATTER?

2025-01-21T10:09:42+00:00

Abstract— Companies operating in the energy and mining sectors significantly impact the communities and environment in their vicinity. Companies need to mitigate these adverse effects, and one way they can do this is by disclosing a sustainability report. Organizations use sustainability reports to communicate their commitment to sustainable business practices. This study examines the factors influencing sustainability report disclosure in companies within the energy and mining sectors between 2018 and 2021. This study implemented the multiplier linear regression data analysis procedure. The findings show that gender diversity in the board of directors, leverage, liquidity, and profitability do not significantly affect sustainability report disclosure. However, disclosure of sustainability reports is significantly impaired by the ownership structure.

Keywords: Sustainability Report; Ownership Structure; Gender Diversity

SUSTAINABILITY REPORT INDUSTRI TEMBAKAU DI INDONESIA: PENERAPAN SASB STANDARDS DAN IMPLIKASINYA

2025-01-21T10:11:34+00:00

Abstract— This study analyzes the implementation of Sustainability Accounting Standards Board (SASB) standards in sustainability reports of the tobacco industry in Indonesia. The industry faces significant scrutiny regarding the health impacts of its products, with the World Health Organization (WHO) reporting 8 million annual deaths worldwide due to tobacco. Despite various regulatory measures aimed at reducing tobacco consumption and its associated risks, such as smoking-free areas and high taxes, tobacco production and consumption in Indonesia continue to rise. Findings indicate that the majority of tobacco companies, including PT Gudang Garam Tbk and PT Hanjaya Mandala Sampoerna Tbk, fall short of SASB standards, particularly in disclosing material health-related information. The reports also reveal potential instances of greenwashing, where companies promote environmental initiatives while neglecting the negative health impacts of their products. The research emphasizes the urgency for these companies to enhance their sustainability disclosures, ensuring accuracy and relevance in line with SASB standards. Improving transparency and accountability in sustainability reporting will foster public trust and support public health.

Keywords: Sustainability Reporting; Tobacco Industry; SASB Standards; Greenwashing; Disclosure Practices

FAKTOR-FAKTOR YANG MEMENGARUHI OPINI AUDIT MODIFIKASIAN GOING CONCERN

2025-01-24T04:18:06+00:00

Abstract— The COVID-19 pandemic (2020-2022) had a significant impact on the hotel, restaurant, and tourism sectors, affecting the survival of many businesses. During this period, government-imposed restrictions on social movement led to the closure or bankruptcy of several companies. This research aims to provide empirical evidence regarding the influence of auditor quality, company growth, and company size on going concern modified audit opinions. The study focuses on companies within the hotel, restaurant, and tourism subsectors listed on the IDX between 2020 and 2022. Using purposive sampling, 72 data points were selected for analysis. Logistic regression analysis, performed with SPSS version 25, revealed that auditor quality, company growth, and company size had no significant effect on going concern modified audit opinions. This finding suggests that both Big Four and non-Big Four audit firms play an important, similar role in assessing and reporting on going concern issues. Auditors present an accurate view of a company’s status, without being influenced by pandemic conditions. A decline in sales during the pandemic does not necessarily indicate financial distress, as management can still effectively manage assets to ensure business survival. This research serves as a reference for managers to make informed decisions during difficult times and helps investors and stakeholders carefully assess risks when considering investments or providing loans.

Keywords: Auditor Quality; Company Growth; Company Size; Going Concern Modified Audit Opinions