Articles
<![CDATA[DEBT AND AGENCY CONFLICT IN INDONESIAN MANUFACTURING FIRMS ]]>
<![CDATA[Hendra Wijaya]]>;
<![CDATA[Rr. Puruwita Wardani]]>
<![CDATA[ Jurnal Keuangan dan Perbankan Vol 21, No 2 (2017): April 2017 ]]>
Publisher : <![CDATA[University of Merdeka Malang ]]>
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DOI: 10.26905/jkdp.v21i2.659
<![CDATA[Companies in Indonesia have shareholders who are not dispersed or in other words theownership is only held by one majority shareholder. This study examined the effects ofinvestment decision on the firm value and the debt moderation on the effects of investmentdecisions on firm value. Debt moderation was used to test the agency conflict of debtuse on investment decision. The company samples in this research were 90 companies.This research was conducted by using panel data regression with moderation. This studyfound that investment decision had a positive effect on firm value and the use of higherdebt could lower the positive effect of investment decision on firm value.]]>
<![CDATA[EVALUASI KETERCAPAIAN TUJUAN DAN DAMPAK PELAKSANAAN PROGRAM PERTUKARAN MAHASISWA MERDEKA DI UNIVERSITAS KATOLIK WIDYA MANDALA SURABAYA ]]>
<![CDATA[Kristina Pae]]>;
<![CDATA[Hendra Wijaya]]>;
<![CDATA[Ignasius Radix A.P. Jati]]>
<![CDATA[ Jurnal Pendidikan Vol. 23 No. 1 (2022) ]]>
Publisher : <![CDATA[LPPM Universitas Terbuka ]]>
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DOI: 10.33830/jp.v23i1.2595.2022
<![CDATA[One of Merdeka Belajar Kampus Merdeka programs that launched by the government is Pertukaran Mahasiswa Merdeka-Dalam Negeri (PMM-DN). This study aims to evaluate the goal achievement of the PMM program, the impact of implementation, and the level of student satisfaction with the PMM-DN program at UKWMS. This research is descriptive evaluation research. The samples are students who participated in the UKWMS PMM program as many as 78 studens. The PMM-DN has been running well in 2021. The results show that the goal of implementing PMM-DN that set by the Ministry of Research, Technology, and Higher Education have been achieved. The impact can also be seen from students who get various valuable experiences to increase their capacity and competence. However, obstacles were found, including an inadequate internet network during online lectures, time and language that differences between lecturers and students, inadequate learning facilities at the university receiving and funding constraints that are still encountered need to be addressed so that PMM-DN can be implemented and evaluated with measurable outcomes. Salah satu program Merdeka Belajar Kampus Merdeka yang dicanangkan pemerintah adalah Pertukaran Mahasiswa Merdeka-Dalam Negeri (PMM-DN). Penelitian ini bertujuan untuk mengevaluasi ketercapaian tujuan, dampak pelaksanaan, dan tingkat kepuasan mahasiswa terhadap program PMM di UKWMS. Penelitian ini merupakan penelitian deskriptif evaluasi. Responden penelitian ini adalah mahasiswa yang berpartisipasi dalam program PMM UKWMS sebanyak 78 mahasiswa. Program Pertukaran Mahasiswa Merdeka Dalam Negeri (PMM-DN) telah berjalan dengan baik di tahun 2021. Hasil penelitian menunjukkan bahwa tujuan penyelenggaraan PMM-DN yang ditetapkan oleh Kemenristekdikti telah dapat dicapai. Dampak lain adalah terbukanya kesempatan bagi mahasiswa untuk mendapatkan berbagai pengalaman berharga bagi peningkatan kapasitas dan kompetensinya. Meskipun demikian, ditemukan kendala-kendala, diantaranya jaringan internet yang kurang memadai selama menjalankan perkuliahan secara daring, perbedaan waktu dan bahasa antara dosen dan mahasiswa, fasilitas pembelajaran di PT penerima yang kurang serta kendala pendanaan yang perlu diperbaiki agar PMM-DN dapat dilaksanakan dengan lebih lancar dan dievaluasi dengan hasil yang lebih terukur di masa depan.]]>
<![CDATA[Pengaruh Pelaporan Terintegrasi Terhadap Kualitas Laba Dengan Biaya Keagenan Sebagai Pemoderasi ]]>
<![CDATA[Katarina Alvina]]>;
<![CDATA[Hendra Wijaya]]>
<![CDATA[ Juara: Jurnal Riset Akuntansi Vol. 11 No. 2 (2021): Juara: Jurnal Riset Akuntansi ]]>
Publisher : <![CDATA[Program Studi Akuntansi Fakultas Ekonomi dan Bisnis Universitas Mahasaraswati Denpasar ]]>
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DOI: 10.36733/juara.v11i2.2834
<![CDATA[Integrated reporting combines information about company's governance, performance, strategy, and future prospects that reflect the company's activities. As the voluntary integrated reporting practice increases, the global issue related to that is about the integrated reporting’s future implications, particularly the accounting information. In Indonesia, companies that are ready for integrated reporting are the winners the Sustainability Reporting Awards (SRA). Implementation of integrated reporting can improve earnings quality. This research is to provide evidence for the effect of integrated reporting on earnings quality and the moderating effect agency costs in it. The research design is a quantitative research using secondary data sources from company’s annual reports. The research object are Indonesian non-financial sector companies that are winners and non-winners of the 2015-2019 SRA which are registered in the IDX fact book 2019. This research used a moderation regression analysis model. The research contributed to three new findings: (a) integrated reporting has no effect on earnings quality; (b) agency costs weaken the effect of integrated reporting on earnings quality in non-financial sector companies; and (c) agency costs strengthen the effect of integrated reporting on earnings quality in SRA companies.]]>
<![CDATA[Cash holdings, struktur modal, dan ekspropriasi: political connection dan efektivitas dewan komisaris sebagai moderator ]]>
<![CDATA[Christella Gabriel Purwanto]]>;
<![CDATA[Hendra Wijaya]]>
<![CDATA[ Jurnal Akuntansi Aktual VOLUME 9, NOMOR 1, FEBRUARI 2022 ]]>
Publisher : <![CDATA[Universitas Negeri Malang ]]>
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DOI: 10.17977/um004v9i12022p043
<![CDATA[AbstractOne aspect of the agency theory suggests that controlling shareholders exploit firm’s resources for personal benefits and thus, expropriate minority shareholders. Politically-connected controlling shareholders tend to have stronger influence and control over firms. They believe the political connection that they posses may provide them a stronger and more secure position which allow them to expropriate minority shareholders. This study aims to examine and analyze the influence of cash holdings and capital structure on expropriation. Furthermore, it aims to determine the moderating impact of political connection and board of commissioners’ effectiveness toward the relationship between cash holdings and capital structure on expropriation. A multiple linear regression with moderation analysis has been applied to examine these relationships. Samples were selected through the purposive sampling method which derived a total of 71 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2019. The study shows that both cash holdings and capital structure have no impact on expropriation. Political connection weakens the impact of cash holdings on expropriation, but has no impact on the relationship of capital structure on expropriation. Meanwhile, board of commissioners’ effectiveness has no impact neither toward the relationship between cash holdings nor capital structure on expropriation.AbstrakSalah satu aspek teori keagenan mengatakan bahwa pemegang saham mayoritas memanfaatkan sumber daya perusahaan untuk memperoleh keuntungan pribadi yang mengekspropriasi pemegang saham minoritas. Pemegang saham mayoritas yang terkoneksi politik cenderung memiliki pengaruh dan kontrol terhadap perusahaan yang lebih kuat. Koneksi tersebut membuat mereka merasa berada di posisi yang lebih kuat dan aman, sehingga koneksi tersebut dapat dimanfaatkan untuk mengekspropriasi pemegang saham minoritas. Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh kebijakan cash holdings dan struktur modal terhadap praktik ekspropriasi serta mengetahui peran moderasi political connection dan efektivitas dewan komisaris terhadap pengaruh cash holdings dan struktur modal terhadap praktik ekspropriasi. Penelitian ini menggunakan model regresi linear berganda dengan moderasi. Penelitian berfokus pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2017-2019. Sampel berjumlah 71 perusahaan yang dipilih dengan metode purposive sampling. Hasil penelitian menunjukkan bahwa cash holdings dan struktur modal tidak berpengaruh terhadap praktik ekspropriasi. Political connection memperlemah pengaruh cash holdings terhadap praktik ekspropriasi, namun tidak mempengaruhi efek struktur modal terhadap praktik ekspropriasi. Efektivitas dewan komisaris tidak mempengaruhi efek cash holdings dan struktur modal terhadap praktik ekspropriasi.]]>
<![CDATA[Dampak Implementasi Merdeka Belajar Kampus Merdeka (MBKM) Pada Dosen, Mahasiswa, Dan Tenaga Kependidikan Di Universitas Katolik Widya Mandala Surabaya ]]>
<![CDATA[Ignasius Radix Astadi Praptono Jati]]>;
<![CDATA[Hendra Wijaya]]>;
<![CDATA[Kristina Pae]]>
<![CDATA[ Eduka : Jurnal Pendidikan, Hukum, dan Bisnis Vol 7, No 1 (2022): Eduka : Jurnal Pendidikan, Hukum, dan Bisnis ]]>
Publisher : <![CDATA[Faculty of training and education, Pamulang university ]]>
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DOI: 10.32493/eduka.v7i1.16787
<![CDATA[The purpose of this study was to determine the impact of MBKM implementation on lecturers, students, and education staff at Widya Mandala Surabaya Catholic University. This research is a descriptive research category and the approach chosen is formative evaluation. Data collection was carried out using a questionnaire. The results of this study are that; 1) lecturers, students, and education staff have known and understood the existence of the MBKM program; 2) before the MBKM program was established, all study programs had similar programs; 3) lecturers, students, and education staff are interested in participating in MBKM programs; 4) lecturers, education staff and students recommend the MBKM program to be followed by all students taking into account the challenges that must be overcome, namely adjusting the MBKM curriculum, improving existing information systems, and formalizing collaboration with partners.Keywords: MBKM; effect; evaluation]]>
<![CDATA[Updating Standard Operating Procedures : Tuntutan Manajemen? Studi Kasus Pada Unit Gizi Rumah Sakit X Di Surabaya ]]>
<![CDATA[Lidya Ratnasari Tejosaputra]]>;
<![CDATA[Hendra Wijaya]]>
<![CDATA[ InFestasi Vol 14, No 2 (2018): DESEMBER ]]>
Publisher : <![CDATA[Universitas Trunojoyo Madura ]]>
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DOI: 10.21107/infestasi.v14i2.4854
<![CDATA[The purpose of this study is to analyze and evaluate the implementation of standard operational procedures (SOPs) in nutrition unit of X hospital in Surabaya after the change of management. The scope of the study is the implementation of SOPs that focused on the organizing of processing food in hospital’s kitchen. The study uses explanative qualitative approach with case study method. The types and sources of data are qualitative and primary data. Methods of data collection are interview, observation, and documentation.The results of the study show that the change of management caused many changes and adjustments in day to day operational implementation, but there is not enough updating the SOPs. The evaluation of SOPs reveals that the report needed by new management is not available as there are not enough documents in the existing SOPs to support the availability of the report. Hence, the updating of SOPs is necessary to fulfill the management demand.]]>
<![CDATA[Pengaruh Masa Jabatan CEO Terhadap Manajemen Laba Akrual ]]>
<![CDATA[Cornelia Clarissa Marjono]]>;
<![CDATA[Hendra Wijaya]]>
<![CDATA[ Nominal Barometer Riset Akuntansi dan Manajemen Vol 11, No 1 (2022): Nominal April 2022 ]]>
Publisher : <![CDATA[Yogyakarta State University ]]>
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DOI: 10.21831/nominal.v11i1.41432
<![CDATA[Abstrak: Pengaruh Masa Jabatan CEO Terhadap Manajemen Laba Akrual. CEO sebagai pihak yang bertanggung jawab atas laporan keuangan perusahaan memiliki dorongan untuk melakukan praktik manajemen laba selama masa jabatannya demi tujuan pribadi CEO. Masa jabatan CEO yang terbatas dan peristiwa pergantian CEO sudah seharusnya mendapatkan perhatian lebih dari para investor karena pada dasarnya, fase-fase yang terdapat pada masa jabatan CEO dapat menimbulkan pola-pola yang berbeda dari perhatian serta perilaku CEO dalam melakukan tindakan manajemen laba. Penelitian ini bertujuan untuk mengetahui pengaruh adanya CEO di awal masa jabatan dan adanya CEO di akhir masa jabatan terhadap praktik manajemen laba akrual di perusahaan. Desain penelitian adalah kuantitatif melalui pengujian hipotesis. Perusahaan manufaktur di Bursa Efek Indonesia periode 2015-2019 dipakai sebagai populasi penelitian. Dengan menggunakan metode purposive sampling, diperoleh 170 sampel yang yang menjadi objek penelitian ini. Analisis data penelitian menggunakan uji regresi linear berganda. Penelitian ini membuktikan bahwa adanya CEO di awal masa jabatan pada perusahaan berpengaruh positif terhadap tindakan manajemen laba akrual. Akan tetapi, adanya CEO di akhir masa jabatan pada perusahaan tidak terbukti berpengaruh terhadap praktik manajemen laba akrual. Pengujian tambahan menemukan bahwa asal CEO juga tidak terbukti memperkuat manajemen laba akrual CEO di awal masa jabatan.Kata kunci: CEO tenure, pergantian CEO, CEO awal, CEO akhir, manajemen laba.Abstract: The Effect of CEO Tenure on Accrual Earnings Management. The CEO as the party responsible for the company's financial statements has an incentive to carry out earnings management during his tenure for personal gain. The limited CEO tenure and CEO turnover events should get more attention from investors because basically, the phases that exist in the CEO's tenure can lead to different patterns of CEO attention and behavior in carrying out earnings management actions. This research was carried out to find out the effect of the presence of a CEO at beginning of his tenure and the presence of a CEO at the end of his tenure on the accrual earnings management practices of companies in Indonesia. The research design is quantitative through hypothesis testing. The population used is Indonesia Stock Exchange manufacturing companies of 2015-2019. By using purposive sampling method, 170 samples were obtained which became the object of this research. Research data were analyzed using multiple linear regression test. The results show that the presence of a CEO at the beginning of his tenure in the company has positive effect on accrual earnings management practices. However, the presence of a CEO at the end of his tenure in the company does not affect accrual earnings management practices. Additional test results also show that the origin of the CEO is also not proven to strengthen the earnings management practices carried out by the CEO at the beginning of his tenure.Keywords: CEO tenure, CEO turnover, CEO at the beginning of tenure, CEO at the end of tenure, earnings management.]]>
<![CDATA[Pengaruh Modal Intelektual Terhadap Kinerja Perusahaan Dengan Manajemen Risiko Perusahaan Sebagai Moderasi ]]>
<![CDATA[Yonathan Raharjo Halim]]>;
<![CDATA[Hendra Wijaya]]>
<![CDATA[ Jurnal Akuntansi Keuangan dan Bisnis Vol 13 No 2 (2020): Jurnal Akuntansi Keuangan dan Bisnis ]]>
Publisher : <![CDATA[Politeknik Caltex Riau ]]>
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DOI: 10.35143/jakb.v13i2.3654
<![CDATA[Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh modal intelektual terhadap kinerja perusahaan dengan manajemen risiko perusahaan sebagai variabel moderasi. Modal intelektual pada penelitian ini menggunakan Intellectual Capital Index, Manajemen Risiko Perusahaan menggunakan Enterprise Risk Management Disclosure Index dan Kinerja Perusahaan menggunakan profitabilitas yang diproksikan dengan ROA. Penelitian juga menggunakan variabel kontrol yaitu ukuran perusahaan. Populasi penelitian menggunakan perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2016-2018. Teknik pengambilan sampel yang digunakan menggunakan purposive sampling. Data yang digunakan dalam penelitian ini menggunakan laporan tahunan dan jenis data yang digunakan menggunakan data kuantitatif dengan persamaan regresi linear dan variabel moderasi. Pengujian hipotesis penelitian dilakukan dengan software E-Views. Hasil penelitian menunjukan bahwa masa kini modal intelektual berpengaruh negatif terhadap kinerja perusahaan dan manajemen risiko perusahaan memoderasi hubungan modal intelektual terhadap kinerja perusahaan. Pada masa depan modal intelektual tidak berpengaruh terhadap kinerja perusahaan dan manajemen risiko perusahaan tidak memoderasi hubungan modal intelektual terhadap kinerja perusahaan. This study aims to determine and analyze the effect of Intellectual Capital on company performance with Corporate Risk Management as a moderating variable. Intellectual Capital in this study uses the Intellectual Capital Index, Company Risk Management uses the Enterprise Risk Management Disclosure Index and Company Performance uses profitability proxied by ROA. The study also uses a control variable that is company size. The study population used manufacturing companies listed on the Indonesia Stock Exchange in 2016-2018. The sampling technique used was purposive sampling. The data used in this study uses annual reports and types of data used using quantitative data with linear regression equations and moderating variables. The research hypothesis testing was carried out with E-Views software. The results showed that the current intellectual capital has a negative effect on company performance and corporate risk management moderates the relationship of intellectual capital to company performance. In the future intellectual capital has no effect on company performance and corporate risk management does not moderate the relationship of intellectual capital to company performance.]]>
<![CDATA[The Effect of Readability of Annual Reports and Value Relevance of Financial Information on Agency Costs with Analyst Coverage as Moderating Variable ]]>
<![CDATA[Stefan Soesanto]]>;
<![CDATA[Hendra Wijaya]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 1 (2022): MAY 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.1.46-56
<![CDATA[This study aims to determine the effect of readability based on the length of the annual report and the value relevance of the financial information on agency costs. The sample used in this study were 263 firm-year from Kompas100 index. Data were analyzed using multiple linear regression method. The result of this study indicate that the higher the number of pages, words and characters, which reflects the poor readability of the annual report, has a negative effect on the asset turnover ratio, which is an inverse proxy for agency costs. Furthermore, the presence of the analyst coverage variable is able to moderate the positive effect between the number of pages, words and characters in the annual report on the asset turnover ratio. However, no significant effect was found during both test between value relevance to asset turnover ratio and that are moderated by analyst coverage.]]>
<![CDATA[Pengaruh Koneksi Politik dan Efektivitas Dewan Komisaris Terhadap Biaya Ekuitas ]]>
<![CDATA[Ivana Angela]]>;
<![CDATA[Hendra Wijaya]]>
<![CDATA[ Jurnal Riset Akuntansi dan Keuangan Vol 10, No 1 (2022): Jurnal Riset Akuntansi dan Keuangan. April 2022 [DOAJ dan SINTA Indexed] ]]>
Publisher : <![CDATA[Program Studi Akuntansi FPEB UPI ]]>
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DOI: 10.17509/jrak.v10i1.36312
<![CDATA[Perusahaan membutuhkan sumber pendanaan guna melakukan perluasan usaha. Pendanaan dapat berasal dari kreditur maupun investor. Perusahaan cenderung memilih sumber pendanaan yang berasal dari investor. Hal ini mendorong timbulnya pengembalian yang harus diberikan oleh perusahaan dalam bentuk biaya ekuitas. Biaya ekuitas berbanding lurus dengan risiko. Penelitian ini bertujuan untuk menganalisis pengaruh koneksi politik dan efektivitas dewan komisaris terhadap biaya ekuitas dengan kinerja perusahaan sebagai variabel mediasi. Penelitian ini adalah penelitian kuantitatif. Penelitian ini menggunakan data kuantitatif berupa laporan keuangan perusahaan manufaktur yang terdaftar di BEI periode 2017-2019, suku bunga SBI rata-rata, serta data indeks harga saham. Teknik analisis data menggunakan regresi linier berganda dan analisis jalur. Hasil penelitian ini menunjukkan bahwa koneksi politik berpengaruh negatif terhadap biaya ekuitas, efektivitas dewan komisaris berpengaruh negatif terhadap biaya ekuitas, kinerja perusahaan tidak memediasi hubungan antara koneksi politik dan biaya ekuitas, serta kinerja perusahaan tidak memediasi hubungan antara efektivitas dewan komisaris dan biaya ekuitas.]]>
