Ultimaccounting Jurnal Ilmu Akuntansi

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CAPITAL STRUCTURE DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING

Bahtiar Effendi — Sun, 30 Jun 2024 14:07:06 +0000

Abstract - Most businesses are founded to achieve maximum profit. Almost all companies compete for maximum profits. Profit is the most important measurement tool for a company's success. A company's profitability is the outcome of a series of financial strategies and operational choices implemented by the organization. This study seeks to ascertain whether corporate social responsibility (CSR), sales growth, and firm size influence the firm's capital structure, with the firm's profitability as an intervening variable. This research focuses on manufacturing companies listed on the Indonesian Stock Exchange (IDX) during the period 2019-2022. This research is quantitative in nature. It includes manufacturing firms and employs purposive sampling as the sampling method. The data analysis involves path analysis, hypothesis testing, and coefficient of determination (R2) analysis using SPSS version 26.00 software. The findings indicate that corporate social responsibility (CSR) and sales growth do not influence capital structure, while company size significantly affects capital structure. Profitability, serving as an intervening variable, influences corporate social responsibility, sales growth, and company size, all of which significantly impact the company's capital structure.

Keywords: Corporate Social Responsibility; Sales Growth; Company Size; Capital Structure; Profitability

IMPLEMENTATION OF ENVIRONMENTAL ACCOUNTINGAT PT SLJ GLOBAL TBK SAMARINDA

Wahyu Firmansyah, Yoremia Lestari Ginting — Sun, 30 Jun 2024 00:00:00 +0000

Abstract— This research aims to examine the recognition, measurement, presentation, and disclosure related to waste management activities as a form of environmental accounting at PT SLJ Global Tbk Samarinda. The research utilizes a qualitative research method with descriptive analysis, supported by primary data sources in the form of interview results and secondary data in the form of financial reports and company activities related to waste management. The informants in this research consist of staff from the accounting and safety health environment departments. The results of this research indicate that the recognition, measurement, and presentation are in accordance with environmental accounting and general financial accounting standards. However, there is a lack of detailed disclosure regarding the overall disclosure of fixed asset details, liabilities, and environmental expenses, which have not been conducted in a detailed manner and are not disclosed to the public.

Keywords: Environmental Accounting; Financial Accounting.

DETERMINANT FACTORS OF CASH HOLDING: EVIDENCE FROM INDONESIA

Dominico Laudentio Gracias, Maria Stefani Osesoga — Sun, 30 Jun 2024 00:00:00 +0000

Abstract— This study analyzed the effect of profitability, net working capital, cash conversion cycle, dividend policy, and leverage on cash holding in consumer goods industry companies’ period 2019-2021. Determining the optimal level of cash holding is essential for a company, as excessively high cash holding can result in missed investment opportunities and returns, while low cash holding can disrupt operational activities and debt default or bankruptcy. The sample in this study was taken using a purposive sampling method. The objects in this study are 20 consumer goods industry companies that were listed on the IDX consecutively during 2019-2021. Secondary financial report data was evaluated using multiple linear regression. The result of this research indicates that profitability (ROA), net working capital (NWC), and dividend policy (DPR) have a significant positive effect on cash holding, leverage (DTA) has a significant negative effect on cash holding, and cash conversion cycle (CCC) has no effect cash holding. According to the findings, profitability, net working capital, dividend policy, and leverage can be used as a point of reference to predict a company’s cash holding. We suggest the company more effectively and efficiently manage its assets to generate substantial profits and consequently optimize its cash holding. This study was conducted in the consumer goods industry sector, which had the greatest average level of cash holding. This research differs because it estimates cash holding by combining financial ratios primarily from an asset perspective and management policy (dividend policy).

Keywords: Cash; Dividend; Leverage; Net Working Capital; Profitability

THE EFFECT OF SELF-ESTEEM ON GENDER AND BUDGETARY SLACK RELATIONSHIP: EXAMINING GENDER SOCIALIZATION THEORY

Solihah Solihah, Frida Fanani Rohma — Sun, 30 Jun 2024 00:00:00 +0000

Abstract— This research investigates further the moderating effect of self-esteem on gender relations on budgetary slack.This research examines the relationship between gender and budgetary slack. More than that, this study also analyzes the moderating effect of self-esteem on the relationship between gender and budgetary slack tendencies. During budgeting, subordinates try to avoid risks by doing budgetary slack. However, the perspective of gender socialization theory explains that there are differences in behavior in that women tend to avoid risks and are prone to depression compared to men. This study adds a new addition to budgetary slack literature based on informational characteristics attributes. Previous research on slack was limited and primarily focused on slack created by organizational factors. This study also enriches slack literature using an experimental design This study used an experimental method with a 2 x 2 factorial design between subjects and involved accounting students as participants. The findings show that slack tends to be more significant for male than female participants. The results of this study also show that self-esteem has a positive effect on budgetary slack tendencies. However, the research findings showed no interaction between the two variables. Differences in individual risk preferences concerning different genders are one of the primary keys to explaining the occurrence of dysfunctional behavior in activities that occur in organizations, especially when it comes to budgeting. This research implies that understanding individual personality based on gender is crucial in minimizing budgetary slack to determine the company. These findings can be considered regulators in designing effective control mechanisms by elaborating gender personality with individual self-esteem.

Keywords: Budgetary Slack; Gender; Risk Preference; Self Esteem

SOCIAL MEDIA USAGE AND INTENTION TO INVEST IN SECURITIES CROWDFUNDING IN INDONESIA

Michaelia Widjaja, Felix Ciawi, Dewi Sekarsari, Dewi Tamara — Sun, 30 Jun 2024 00:00:00 +0000

Abstract— Securities Crowdfunding (SCF) has the potential to grow in Indonesia as it is an alternative investment with calculated risks and consistent returns. However, there is a paucity of research predicting the investment intention of SCF, adding social media usage for informativeness and socializing to investigate further its effect on the intention to invest in SCF by utilizing the Theory of Planned Behavior (TPB). We conducted an online survey to collect the primary data from 200 respondents with financial knowledge and applied the PLS-SEM approach to further test the proposed hypothesis. The results suggest that social media usage for informativeness and socializing contributes to individuals’ perceived behavior control and subjective norms toward the intention to invest in SCF, respectively. This study proved that social media usage for socializing could influence in developing attitude of SCF investing intent. On the contrary, social media for informativeness negatively impacts the attitude toward the intention to invest in SCF. Hence, SCF platforms need to adjust strategies for leveraging social media to increase intention on SCF investment. Understanding these connections is crucial in comprehending how social media impacts financial decision-making processes for potential investors, particularly in the realm of SCF.

Keywords: Securities Crowdfunding; Investment Intention; TPB; Social Media Usage; Socializing; Informativeness.

CORPORATE SOCIAL RESPONSIBILITY, CORPORATE PERFORMANCE, AND MODERATING EFFECT OF OWNERSHIP CONCENTRATION IN INDONESIAN COMPANIES

Iskandar Itan, Meiga Putri Antoni Ang, Dea Tiara Monalisa Butar-Butar — Sun, 30 Jun 2024 00:00:00 +0000

Abstract— Corporate Social Responsibility (CSR) is a necessity that needs to be implemented so that companies operate not only for the benefit of shareholders but also for the public, government, consumers, the environment, and other stakeholders. CSR is also one of the management models that has been implemented in Indonesia, making it an alternative management model. The purpose of this research is to investigate the impact of social responsibility disclosure on corporate performance and the moderating effect of ownership concentration in this relationship. The data collection technique for this research uses secondary data, meaning data obtained from other sources by extracting information from the annual reports and sustainability reports of companies listed on the Indonesia Stock Exchange (IDX). The testing is done using E-Views. The results of this research indicate that CSR disclosure has a significant negative effect on financial performance, measured by both return on assets (ROA) and Tobin's Q. Ownership concentration plays a moderating role in strengthening the relationship between CSR and ROA, but it does not play a moderating role in the relationship between CSR and Tobin's Q.

Keywords: Corporate Performance; Ownership Concentration; Corporate Social Responsibility

PENGARUH KUALITAS LAPORAN KEBERLANJUTAN DAN AUDIT TENURE TERHADAP KUALITAS LAPORAN KEUANGAN DENGAN AUDIT EFFORT SEBAGAI VARIABEL MODERASI

Wiwi Idawati, Larasati Kartika Permana — Sun, 30 Jun 2024 00:00:00 +0000

Abstract - This study is a quantitative research that aims to examine the effect of sustainability reporting quality and Audit tenure on financial reporting quality with audit effort as a moderating variable. The research uses secondary data from manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2020-2021. Sampling criteria used a purposive sampling method which obtained a total of 64 samples from 32 manufacturing companies. Testing the hypothesis in this study uses a multiple linear regression model. The research model was processed and tested using STATA Ver.16. The results of this study are: 1) Sustainability reporting quality does not influence financial reporting quality. 2) Audit tenure has a significant positive influence on financial reporting quality. 3) Effort Audit strengthens the effect of the Sustainability reporting quality on financial reporting quality. 4) Audit effort strengthens the effect of Audit tenure on financial reporting quality.

Keywords: Financial Reporting Quality; Sustainability Reporting Quality; Audit Tenure; Audit Effort

THE INFLUENCE OF AUDIT TENURE, AUDIT LAG, AND LIQUIDITY ON THE ACCEPTANCE OF GOING CONCERN AUDIT OPINION WITH FINANCIAL DISTRESS AS A MODERATION VARIABLE

Tanggor Sihombing, Stella Stevania — Sun, 30 Jun 2024 00:00:00 +0000

Abstract— This research investigates the impact of audit tenure, audit lag, and liquidity on the acceptance of going concern audit opinions with the focus on the moderating role of financial distress. This research employs logistic regression analysis to analysis secondary data from 50 manufacturing companies in Indonesia and Singapore which are included in the Health Care, Information Technology and Real Estate categories during the 2018-2022 period. The results found that audit tenure had no effect on the acceptance of going concern audit opinions, audit lag had a positive effect on the acceptance of going concern audit opinions, and liquidity had a negative effect on the acceptance of going concern audit opinions. In this research, it was also found that financial distress can weaken the negative influence of audit maturity and audit lag on the acceptance of going concern audit opinions but strengthen the positive influence of liquidity on the acceptance of going concern audit opinions.

Keywords: Audit Tenure; Audit Lag; Liquidity; Going Concern Audit Opinion; Financial Distress.

BIAYA KEPATUHAN PAJAK: PEMETAAN LITERATUR DAN POTENSI PENELITIAN LANJUTAN

Hanik Susilawati Muamarah, Marsono Marsono — Sun, 30 Jun 2024 00:00:00 +0000

Abstract— This study aims to investigate the methodological mapping in research on tax compliance costs, as well as to identify relevant further research topics. Information about theories used, measurement methods, research approach, and research context give important insight to identify research gaps and potential methodological developments. Use Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) approach in literature review, we analyzed 82 articles in the Scopus database from 1993 to 2023. The mapping results show various measurement techniques regarding the costs of tax compliance consisting of internal, external, incidental, psychological, and corruption costs, various theories used, types and contexts of research. The identification shows that there are still few studies with mixed methods and qualitative approaches, as well as difficulties in measuring costs, especially psychological costs. These findings shed light on the need to develop measurements for costs that are difficult to observe directly such as psychological costs, and exploring variables relate to tax compliance cost such as information technology. Exploring compliance costs in the context of MSMEs in both single-country and cross-country studies, especially when regulatory changes occur, and examining the impact of regulatory complexity on tax compliance costs for companies listed on the stock exchange, also another venue of research.

Keywords: Tax Compliance Cost; Literature Review; Methodology; MSMEs; PRISMA.

DETERMINANTS OF TAX AVOIDANCE: GENDER DIVERSITY, CAPITAL INTENSITY, AUDIT COMMITTEE, AND BOARD SIZE

Anindia Sulistyawati, Aryani Intan Endah Rahmawati — Sun, 30 Jun 2024 00:00:00 +0000

Abstract— This study aims to determine the effect of Gender Diversity, Capital, Audit Committee, and the size of the board of directors on tax avoidance. A comparison of Effective Tax Rate data for three companies (energy, healthcare, and transportation sectors) in 2019-2022 shows that the ETR for energy companies is closer to the ETR than the other two sectors. It can be concluded that energy companies do more tax avoidance, where the lower the ETR, the greater the tax avoidance carried out. This is also supported by the practice of tax avoidance carried out by one of the mining companies, namely PT Adaro Energi Tbk in 2019. This research analyzes energy companies listed on the Indonesia Stock Exchange in 2019-2022. The sample in this study is 85 energy companies listed on the Indonesia Stock Exchange consecutively in 2019-2022. The sampling technique in this study used purposive sampling. The data analysis technique used is multiple linear regression with panel data modeling using the Eviews 12 program. The results showed that gender diversity and capital intensity can increase tax avoidance, meanwhile, audit committees and the size of the board of directors do not influence tax avoidance in energy companies in Indonesia. This research can be used as a consideration for companies to avoid tax avoidance and for the government to change tax regulations so that in the future there is no loophole for a company to carry out tax avoidance actions.

Keywords: Gender Diversity; Capital Intensity; Audit Committee; Board Size; Tax Avoidance

KUNCI SUKSES MIGRASI DATA SALDO AWAL BARANG MILIK NEGARA PADA SISTEM SAKTI

Iskandar Iskandar, Agung Triyanto Joko Marsono — Sun, 30 Jun 2024 00:00:00 +0000

Abstract—This research aims to determine the key factors for successful migration of state-owned asset data from the previous system to the SAKTI system. This research paradigm is a qualitative type which is aimed at gaining insight through exploring the complexity of phenomena in data migration programmes, in the form of initial balances of state-owned asset data from existing applications to SAKTI. Data collection was carried out through literature study and observation. The research results showed that the key factors that determine the success of migrating state-owned asset data to SAKTI are mechanisms including centralized data migration, phasing the migration process, correcting data anomalies in existing applications, increasing human resource capacity related to the data migration process, assisting users with the migration process, reconciliation, providing follow-up application features for data anomalies and normalization residues and technical instructions, providing migration monitoring tools, and increasing IT infrastructure capacity/bandwidth. The research results are useful as lessons learned about organizational aspects in the data migration process, both in the public/government and private domains.

Keywords: Data Migration; State-Owned Asset; Fixed Assets; Critical Success Factors; Data Anomaly; Initial Balance