Articles
<![CDATA[Disclosure of Risk Factors on Prospectus and Initial Public Offerings (IPO) Performance: Evidence from Indonesia ]]>
<![CDATA[Randy Kuswanto]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 15 No 1 (2020) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (361.399 KB)
|
DOI: 10.24843/JIAB.2020.v15.i01.p02
<![CDATA[The purpose of this study is to investigate how risk information disclosed in prospectus influences the initial returns of initial public offerings (IPOs) in Indonesia. This study collected 62 sample IPOs offered in the Indonesian Stock Exchange from 2017–2018. Ordinary least squares was performed to test the association between risk disclosure and initial returns. Results indicate that prospectus provides risk information associated with initial returns. Both qualitative and quantitative dimensions have a significant negative impact on the initial returns. It can be concluded that risk information has an important role in the underpricing phenomenon. The study has extended the available literature by investigating risk disclosure from a dual perspective. Moreover, qualitative and quantitative assessments both have a direct impact on the initial returns and must be considered in investment decision making. Keywords: Risk, IPO, underpricing, initial returns]]>
<![CDATA[RELEVANSI NILAI INFORMASI AKUNTANSI DENGAN MODEL VALUASI OHLSON ]]>
<![CDATA[Randy Kuswanto, Prima Aprilyani Rambe, Sri Ruwanti]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Finansial Indonesia Vol 1 No 1 (2017): Jurnal Ilmiah Akuntansi dan Finansial Indonesia ]]>
Publisher : <![CDATA[Prodi Akuntansi FE Universitas Maritim Raja Ali Haji ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.31629/jiafi.v1i1.1238
<![CDATA[Penelitian ini bertujuan menguji pengaruh nilai buku ekuitas dan nilai laba per saham terhadap nilai perusahaan dengan model valuasi Ohlson (1995) dan informasi kondisi laba/rugi perusahaan terhadap relevansi nilai yang terjadi. Populasi dalam penelitian ini adalah seluruh perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia pada tahun 2013-2014.Teknik sampling yang digunakan dalam penelitian ini adalah purposive sampling. Hasil penelitian ini menunjukkan bahwa variabel nilai buku per lembar saham dan nilai laba per saham secara parsial dan simultan mempengaruhi nilai perusahaan. Hasil ini dapat menjadi bukti empiris terhadap model valuasi Ohlson (1995). Selain itu, kondisi laba/rugi perusahaan juga mempengaruhi hubungan relevansi nilai. Pada kondisi laba/rugi positif relevansi nilai buku per saham menjadi lebih rendah. Sedangkan pada kondisi laba/rugi positif, relevansi nilai laba per saham menjadi lebih tinggi. Penelitian ini menggunakan variabel afiliasi grup bisnis, struktur kepemilikan saham dan ukuran perusahaan sebagai varabel kontrol.]]>
<![CDATA[APAKAH PELAPORAN BERKELANJUTAN MEMODERASI RELEVANSI NILAI INFORMASI AKUNTANSI? ]]>
<![CDATA[Randy Kuswanto]]>
<![CDATA[ Jurnal Bina Akuntansi Vol 6 No 1 (2019): Jurnal Bina Akuntansi Vol.6 No.1 Januari 2019 ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi Wiyatamandala ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (736.167 KB)
|
DOI: 10.52859/jba.v6i1.43
<![CDATA[This study aims to obtain empirical evidence about the effect of sustainability reporting as a moderating variable on value relevance concept. Prior studies suggest that sustainability report can enhance the company’s financial performance which has similar context with value relevance. This study modifies Ohlson Model (1995) with additional moderating variable to capture the effect of sustainability reporting in Indonesia. The population in this study is all public listed company in Indonesia Stock Exchange in 2016. Pair matching and purposive sampling is used as a sampling method to collect 76 samples. The results of this study show sustainability reporting failed to indicate its moderating effect both on the interaction with earning and book value. Nevertheless, value relevance of group who published the sustainability report is higher than the opposite group. As a final result, this study provides empirical evidence that sustainability report cannot increase the firm value in value relevance model but could increase the level of value relevance itself.]]>
<![CDATA[PENERAPAN STANDAR GRI DALAM LAPORAN KEBERLANJUTAN DI INDONESIA: SEBUAH EVALUASI ]]>
<![CDATA[Randy Kuswanto]]>
<![CDATA[ Jurnal Bina Akuntansi Vol 6 No 2 (2019): Jurnal Bina Akuntansi Vol.6 No.2 Juli 2019 ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi Wiyatamandala ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (431.197 KB)
|
DOI: 10.52859/jba.v6i2.59
<![CDATA[This study aims to investigate the level of conformity of economic, social, and environmental information on sustainability report in Indonesia as per GRI G4 guidelines. Content analysis has been applied to a sample of 29 companies listed in the Indonesia Stock Exchange. Conformity and disclosure quality were analyzed descriptively using a specific scoring system for each dimensions. The findings of this research show that the level of conformity of GRI indicators in Indonesia is quite low at 18,9%. However, the weight of information disclosed by companies is relatively high, at 59,9% of the information. This wide gap occurred caused by the fact that many companies disclose only a few indicators of GRI G4. These findings indicate the GRI G4 Guidelines is not really suitable for company in Indonesia. One of the primary focuses of this research is the applicability of GRI indicators. However, not even a single study found while reviewing literature that studied the applicability GRI indicators in a country. Conformity can become a new topic when studying accounting information disclosure.]]>
<![CDATA[RELEVANSI NILAI DAN KEMUNGKINAN DETERIORASI: KAJIAN LITERATUR SISTEMATIK ]]>
<![CDATA[Randy Kuswanto]]>
<![CDATA[ Jurnal Bina Akuntansi Vol 7 No 1 (2020): Jurnal Bina Akuntansi Vol.7 No.1 2020 ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi Wiyatamandala ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (935.072 KB)
|
DOI: 10.52859/jba.v7i1.76
<![CDATA[The paper presents the review of the value relevance literatures used Ohlson model (1995). The popularity of value relevance topic nowadays is principally driven by the adoption IFRS which changed how companies measure its income and assets. Although this topic is still in debate whether it useful or not, this paper tried to conclude a summary from many prior value relevance researches. First, I seek to review some of the significant literature on value relevance during 2009-2019. The emphasis is on results and empirical contributions relating incremental value relevance. The second part of this paper is discussion about eight different studies from more than 10 countries about evidence of value relevance phenomenon in their setting. This paper finds that the concept of value relevance really exists in many countries but it is deteriorating / declining over the period. Further research could test other information to prevent this deterioration of value relevance such as future prospect attributes rather than historical information only]]>
<![CDATA[PENGARUH RETURN ON ASSETS, DEBT TO EQUITY RATIO DAN PRICE TO BOOK VALUE TERHADAP RETURN SAHAM PERUSAHAAN LQ45 TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016 – 2018 ]]>
<![CDATA[Eka Putra Jaya]]>;
<![CDATA[Randy Kuswanto]]>
<![CDATA[ Jurnal Bina Akuntansi Vol 8 No 1 (2021): Jurnal Bina Akuntansi Vol 8 No.1 Januari 2021 ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi Wiyatamandala ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.52859/jba.v8i1.136
<![CDATA[This research was conducted to examine the effect of Return on Assets, Debt to Equity Ratio and Price to Book Value on LQ45 Company's stock returns listed on the Indonesia Stock Exchange in the period of 2016 - 2018. Data collection techniques used were documentation using secondary data. The data analysis method used is a quantitative method with associative and descriptive method approaches. The analysis technique used is multiple regression and hypothesis testing using partial t-test and F test simultaneously with a significance level of 5%. The results showed that Return on Assets had a negative and significant effect on stock returns with a significance value of 0,000 and had a t-value of -4.176 (greater than t table-1.98447). Price to Book Value has a positive and significant effect on stock returns with a significance value of 0.010 and a t value of 2.623. All independent variables simultaneously proved to have a significant effect on stock returns with a significance value of 0.001.]]>
<![CDATA[PELATIHAN PENYUSUNAN LAPORAN KEUANGAN LENGKAP BAGI MAHASISWA ]]>
<![CDATA[randy kuswanto]]>
<![CDATA[ Jurnal Abdi Mandala Vol 1 No 2 (2022): Jurnal Abdi Mandala Volume 1 Nomor 2 Oktober Tahun 2022 ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi Wiyatamandala ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (292.306 KB)
|
DOI: 10.52859/jam.v1i2.276
<![CDATA[This community service program aims to increase accounting literacy for students who own and plan business activities. Financial records are a fundamental thing needed by all forms of business in order to obtain reliable financial information. Accounting as a financial discipline has an important role in producing this information. The participants of this activity are students who live in Taman Sari, West Jakarta. The activity was carried out for 4 months starting in February 2022 as many as 8 training sessions. The results of the training show that the participants' accounting understanding has an average of 92.3 which indicates the effectiveness of the training. The obstacle faced by students related to the accounting cycle is in the process of making general journals and adjustments. The results of this service are expected to improve public literacy regarding the importance of compiling financial information through accounting records]]>
<![CDATA[ANALISIS RASIO KEUANGAN DAN TATA KELOLA PERUSAHAAN TERHADAP MANAJEMEN PAJAK PERUSAHAAN ]]>
<![CDATA[Randy Kuswanto]]>;
<![CDATA[Steven Andrianus]]>
<![CDATA[ Jurnal Bina Akuntansi Vol 10 No 1 (2023): Jurnal Bina Akuntansi Volume 10 Nomor 1 Januari Tahun 2023 ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi Wiyatamandala ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.52859/jba.v10i1.353
<![CDATA[Penelitian ini bertujuan untuk mengetahui hubungan antara size, leverage, profitability, inventory intensity, komisaris independen dan kepemilikan manajerial memiliki pengaruh terhadap manajemen pajak pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI). Populasi dalam penelitian ini adalah yang terdaftar di Bursa Efek Indonesia tahun 2017 sampai dengan tahun 2019 menggunakan metode purposive sampling. Metode Analisa yang digunakan adalah model regresi linear berganda dan berdasarkan kriteria yang telah ditentukan maka diperoleh sebanyak 66 data perusahaan. Hasil penelitian ini menunjukkan bahwa profitability dan inventory intensity berpengaruh terhadap manajemen pajak, sedangkan antara size, leverage, komisaris independen dan kepemilikan manajerial tidak berpengaruh terhadap manajemen pajak.]]>
<![CDATA[IPO Stock Performance amidst the COVID-19 Pandemic: Has It been Undervalued? ]]>
<![CDATA[Randy Kuswanto]]>
<![CDATA[ Jurnal Dinamika Akuntansi dan Bisnis Vol 8, No 1 (2021): March 2021 ]]>
Publisher : <![CDATA[Accounting Departement Economics and Business Faculty Syiah Kuala University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (356.091 KB)
|
DOI: 10.24815/jdab.v8i1.19830
<![CDATA[The purpose of this study is to examine the underpricing phenomenon from IPO firms listed in Indonesia Stock Exchange during the COVID-19 pandemic. Using purposive sampling method, 34 IPO firms after the announcement of pandemic COVID-19 were selected as research samples. The IPO stock closing prices and returns on days 1, 5, 10, 15, and 20 were analyzed using paired sample t-test. The findings show underpricing phenomenon still occurred during the pandemic period. However, the underpricing only documented statistically significant on the T1 of the trading day. After the first day of trading, the stock’s returns consistently declined and were proved statistically insignificant at T5, T10, T15, and T20.]]>
<![CDATA[Tax Avoidance and Dividend Policy: Evidence from Indonesian State-Owned Enterprises ]]>
<![CDATA[Randy Kuswanto]]>
<![CDATA[ Jurnal Dinamika Akuntansi dan Bisnis Vol 10, No 2 (2023): September 2023 in press ]]>
Publisher : <![CDATA[Accounting Departement Economics and Business Faculty Syiah Kuala University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.24815/jdab.v10i2.30037
<![CDATA[This study aimed to investigate the relationship between tax avoidance and dividend policy with focus on state-owned enterprises (SOEs), in Indonesia. The populations are all Indonesian firms (SOEs and non-SOEs) listed in LQ-45 index. Samples were selected using purposive sampling method. Number of collected samples are 60 firms or 118 firm-year observations (2018, 2019, and 2021). Using Moderated Regression Analysis (MRA), this study found a positive association between effective tax rate and dividend yield for non-SOEs. The result also reveals that SOEs tend not to engage in aggressive tax avoidance, with an average effective tax rate of 19.9%. Therefore, if SOEs plan to manage their taxes to lower the effective tax rate, they may provide higher yield to shareholders compared to non-SOEs. ]]>
