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FENOMENA TANGGAP LABA INVESTOR: studi Pada Sektor Properti di Bursa Efek Indonesia. Tanusdjaja, Hendang; Ramli, Ishak
Jurnal Muara Ilmu Ekonomi dan Bisnis Vol 2, No 1 (2018): Jurnal Muara Ilmu Ekonomi dan Bisnis
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmieb.v2i1.997

Tanggap laba pemegang saham terhadap informasi laba masih belum konsisten. Studi ini bertujuan memberikan bukti empiris dan kajian terhadap reaksi pemegang saham terhadap informasi laba yang dipublikasikan. Dengan menggunakan perusahaan properti yang tercatat di Bursa Efek Indonesia berdasarkan informasi yang dipublikasikan selama tahun 2010 sampai dengan 2014 data dianalisis menggunakan Analisis General Linear Model guna menguji pengaruh Corporate Governance dengan dimensinya, leverage, dan profitabilitas terhadap koefisien tanggap laba (earnings response coefficient). Hasilnya bahwa tanggap laba pemegang saham sektor properti terhadap informasi Good Corporate Governance (GCG) sangat lemah karena masih lemahnya praktek implementasi GCG di Indonesia sehingga sinyal/informasi implementasi GCG belum dapat menggerakkan pihak investor (principal) untuk memberikan respons terhadap informasi laba yang disampaikan oleh agen. Demikian juga terhadap informasi besarnya utang tanggap laba pemegang saham sangat lemah bahkan terhadap informasi profitabilitas tidak terdapat tanggap laba.

Analisis Komparasi Metode Altman Z-Score – Financial Ratio dan Metode Beneish M-Score Model – Data Mining dalam Mendeteksi Fraudulent Financial Reporting Magdalena, Fanny; Tanusdjaja, Hendang
Jurnal Muara Ilmu Ekonomi dan Bisnis Vol 2, No 1 (2018): Jurnal Muara Ilmu Ekonomi dan Bisnis
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmieb.v2i1.1530

Abstract: The research tries to investigate which methods i.e. Altman Z Score – Financial Ratio or the method of Beneish M-Score Model – Data Mining, detect significantly to the Fraudulent Financial Reporting by comparing analysis on those methodologies. We argue those methods could detect the Fraudulent Financial Reporting significantly on the basis of the financial reporting in the go public companies. It is assumed that the financial reporting is formulated as good as possible before publish to the outsiders for taking another purpose of it. Thus, the research formulizes the comparison analysis on the methods for detecting the fraudulent financial reporting. Following this logic, we hypothesize that the higher the relationship to the indicator of ratios may affect to which method could more significantly in detecting positive relationship to the fraudulent financial reporting. Moreover, we test this hypothesis for the industry in consumer sector using data from IDX Database and run by PLS – SEM. Evidence strongly supports our hypothesis for detecting the fraudulent financial reporting by those methods, but the method of Altman Z Score – Financial Ratio is more influence in detecting the fraudulent financial reporting than the other.Keywords: fraud, financial, Altman Z Score, financial ratio, Beneish M-Score, Data Mining. Abstrak: Riset ini mencoba untuk menginvestigasi metode manakah diantara, Altman Z Score – Financial Ratio and metode Beneish M-Score Model – Data Mining, yang mendeteksi secara signifikan terhadap Fraudulent Financial Reporting dengan menggunakan analisis komparasi diantara metodologi yang diatas. Kami berargumentasi bahwa kedua metode tersebut dapat digunakan untuk mendekteksi Fraudulent Financial Reporting pada perusahan terbuka. Hal tersebut diasumsikan bahwa laporan keuangan dibuat sedemikian rupa sebelum dipublikasikan kepada pihak luar dalam rangka penggunaan untuk tujuan tertentu. Oleh karena itu, riset ini memformulasikan sebuah analisis komparasi metode untuk mendeteksi fraudulent financial reporting. Secara logika, penelitian ini menunjukkan suatu hipotesis dimana semakin tinggi hubungan antara metode dengan indikator rasio, maka metode tersebut semakin signifikan dalam mendektesi secara positif terhadap fraudulent financial reporting. Oleh karena itu, kami melakukan uji hipotesis ini pada industri sektor barang konsumsi dengan menggunakan data dari IDX dan dijalankan dengan PLS – SEM. Hasil uji telah membuktikan bahwa hipotesis di atas dapat mendeteksi fraudulent financial reporting, akan tetapi metode Altman Z Score – Financial Ratio lebih berpengaruh dalam mendeteksi fraudulent financial reporting daripada metode Beneish M-Score Model.Kata kunci: kecurangan, keuangan, Altman Z Score, rasio keuangan, Beneish M-Score, data mining

KEPUTUSAN INVESTASI INVESTOR INDIVIDU BERDASARKAN KOMPETENSI, OVERCONFIDENCE, DAN PENDIDIKAN. Tanusdjaja, Hendang
Jurnal Muara Ilmu Ekonomi dan Bisnis Vol 2, No 1 (2018): Jurnal Muara Ilmu Ekonomi dan Bisnis
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmieb.v2i1.998

Konsep behavioral finance menyimpulkan bahwa keputusan investasi yang dilakukan oleh investor lebih mempertimbangkan aspek-aspek non-ekonomi terutama aspek psikologis yang dapat mempegaruhi perilaku investor. Studi ini bertujuan mencari bukti pengaruh kompetensi,overconfidence investor bersama dengan variabel kontrol faktor demografi (jenis kelamin, usia, pendidikan, dan pendapatan)terhadap keputusan investasi investor individu. Data dikumpulkan melalui kuesioner dikirimkan kepada 150 responden investor individu di Jakarta dan kembali serta dapat diolah 78 kuesioner. Data dianalisis dengan menggunakan analisis path dan regresi berganda guna menguji hipotesis. Hasil studi menunjukkan kompetensi dan overconfidence signifikan positif mempengaruhi keputusan investasi. Sementara pendidikan investor individu merupakan faktor yang paling mempengaruhi keputusan investor individu.investor yang pendidikannya tinggi memiliki pengetahuan yang lebih banyak mengenai pergerakan saham dan lebih berani dalam mengambil resiko sehingga pengambilan keputusannya dalam berinvestasi lebih besar dibandingkan dengan investor yang pendidikannya lebih rendah

Faktor-Faktor Yang Mempengaruhi Indeks Harga Saham Gabungan Hendang Tanusdjaja; Augustpaosa Nariman
Jurnal Ekonomi Vol. 24 No. 1 (2019): March 2019
Publisher : Fakultas Ekonom dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/je.v24i1.546

The growth of the stock market in Indonesia from the Composite Stock Price Index (CSPI) showed quite fantastic in the last ten years after experiencing a downturn in the 2008 global financial crisis. The stock investment in the capital market is not the only type of financial investment, there is another type, namely Indonesia Bank Certificate (SBI) and money market measured by exchange rates. This study aims to find out how the SBI interest rate, exchange rate, money supply (M2) and inflation affect the JCI in the 2011-2015 periods. By using SPSS V20, it was found that in the period of SBI interest rate, exchange rate, money supply (M2) and inflation rate had no effect on the CSPI. This is due to the level of return on the capital market being greater than the SBI interest rate and exchange rate difference, while the number of transactions on the Indonesia Stock Exchange is still dominated by foreign investors, M2 does not affect the CSPI, and they are generally traders rather than investors, thus the inflation rate affects the company's growth was slightly ignored.

Pengaruh Faktor-Faktor Fraud Diamond Dalam Mendeteksi Fraudulent Financial Reporting Dengan Moderasi Komite Audit Pada Industri Pertambangan Fachrizka Zulfa; Hendang Tanusdjaja
Jurnal Ekonomi Vol. 27 No. 03 (2022): SPESIAL ISSUE March 2022
Publisher : Fakultas Ekonom dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/je.v27i03.863

This study aims to analyze and determine the effects of financial stability, ineffective monitoring, change in auditor, and directors changes on fraudulent financial reporting, with the audit committee as moderating variable in this study. A purposive sampling technique was used to select the data in this study, and samples were obtained from 96 data on mining sector companies listed on the IDX from 2018 to 2020. This study uses two equation models, namely multiple linear regression and moderated regression analysis (MRA), to analyze secondary data in the form of company financial statements. The data processing in this study uses the Statistical Product and Service Solution version 25 software. According to the results of this study, the ineffective monitoring has a significant negative impact on fraudulent financial reporting. Meanwhile, financial stability, change in auditor, and directors changes did not have a positive or significant effect on fraudulent financial reporting. The audit committee variable can weaken the effect of financial stability, ineffective monitoring, change in auditor, and directors changes on fraudulent financial reporting.

Pengaruh Leverage, Profitabilitas, Dan Likuiditas Terhadap Imbal Saham Garry Ferdinand, Hendang Tanusdjaja
Jurnal Paradigma Akuntansi Vol 1, No 4 (2019): Oktober 2019
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

The purpose of this research to examine the effect of Profitability, Leverage, liquidity and size of the Company's Stock Return Manufacturing Company in Indonesia Stock Exchange 2015-2017 with variable control which is liquidity to avoid biased result. This research is use secondary data which is quantitative. Sampling method is using purposive sampling and get 64 data as result. This study uses associative method and multiple linear regression analysis techniques and includes the classic assumption test. The result of this research shows that leverage has a positive and not significant effect on the stock return, profitability has a positive and significant effect on the stock return, and the liquidity has a positive and not significant effect on the stock return

PENGARUH FAKTOR-FAKTOR TERTENTU TERHADAP FRAUDULENT FINANCIAL STATEMENT PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016-2018 Clarissa Felicia, Hendang Tanusdjaja
Jurnal Paradigma Akuntansi Vol 2, No 4 (2020): Oktober 2020
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

The purpose of this research is to examine the influence of asset turnover ratio, financial stability, financial targets and profitability towards fraudulent financial statements in manufacturing companies listed on Indonesia Stock Exchange in periode of 2016-2018. This research is conducted by using 20 samples of manufacturing companies listed on Indonesia Stock Exchange. Data analysis was performed with descriptive statistics and hypothesis testing of regression method using SPSS Statistics 25. The results of this research shows that asset turnover ratio and financial stability have a significant negative effect towards fraudulent financial statements. Financial targets has significant positive effect towards fraudulent financial statements while profitability has positive effect on fraudulent financial statements.

PENGARUH PROFITABILITAS, LIKUIDITAS, DAN SOLVABILITAS TERHADAP OPINI AUDIT TERKAIT GOING CONCERN (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2015 – 2017) Felix Irwanto, Hendang Tanusdjaja
Jurnal Paradigma Akuntansi Vol 2, No 1 (2020): Januari 2020
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

This study aims to examine the effect of profitability, liquidity, and solvency ratios on audit opinions related to going concern received by the company. This research uses secondary data; manufacturing companies listed on the Indonesia Stock Exchange in 2015 - 2017. The research samples contained in this study were 168 companies. The sampling method is purposive sampling. The profitability variable is measured by the Return on Assets ratio, the liquidity variable is measured by the Current Ratio, and the measurement of the solvency variable by the Debt to Assets ratio. These ratios are calculated using company financial data contained in the financial statements listed on the Indonesia Stock Exchange. The sample criteria determined in the study are companies that suffered losses during the period 2015 - 2017, manufacturing companies that published financial statements in Rupiah and companies that did not merge. The results showed that profitability had a negative effect, liquidity had no effect and solvency had a positive effect on audit opinions related to going concern. Profitability, liquidity and solvency simultaneously influence audit opinion regarding going concern.

Pengaruh Profitability, Free Cash Flow, Dan Leverage Terhadap Earnings Management Cindy Calista, Hendang Tanusdjaja
Jurnal Paradigma Akuntansi Vol 3, No 4 (2021): Oktober 2021
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

This research aims at how the role of the board of profitability, free cash flow, and leverage on earnings management on consumer goods industry and basic chemical industry listed on the Indonesia Stock Exchange during 2017-2019. Sample was selected using purposive sampling method and the valid data was 46 companies. Data processing techniques using multiple regression analysis what helped by Eviews 11 and Microsoft Excel 2016. The results of this study indicate that the profitability and leverage have a negative significant effect on the earnings management, free cash flow does not have a significant effect on the earnings management. The implication of this study is the lower the profitability, the greater the probability of earnings management, the higher the leverage, the lower the probability of earnings management, while free cash flow does not have a significant effect on earnings management.

Pengaruh Profitabilitas, Likuiditas Dan Kebijakan Utang Terhadap Kebijakan Dividen Pada Perusahaan Manufaktur Winna, Hendang Tanusdjaja
Jurnal Paradigma Akuntansi Vol 1, No 2 (2019): April 2019
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

Companies that have policies in paying dividends every year are still relatively small. The purpose of this study is to determine the effect of profitability, liquidity and debt policy on dividend policy. This study took manufacturing companies listed on the Indonesia Stock Exchange for the period 2015-2017 as subject of research with purposive sampling technique in determining the research sample. Data analysis was performed by multiple linear regression with the help of SPSS version 23. The results showed that: (1) Profitability partially had a positive and significant effect on dividend policy, (2) Liquidity partially had a positive but not significant effect on dividend policy, (3 ) The debt policy partially has a positive and significant effect on dividend policy, and (4) Profitability, liquidity and debt policy simultaneously have a significant effect on dividend policy.

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