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Pengaruh Return on Equity, Net Profit Margin, dan Ukuran Perusahaan terhadap Underpricing Triya Mayasari; Yusuf ,; Agung Yulianto
Jurnal Kajian Akuntansi Vol 2, No 1 (2018): JUNI 2018
Publisher : Universitas Swadaya Gunung Jati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33603/jka.v2i1.1271

AbstractOne of the ways the company to develop its business, namely by means of expansion by making an Initial Public Offering (IPO). Interesting phenomenon at the time the company did an Initial Public Offering is the phenomenon of Underpricing. The phenomenon of underpricing is a phenomenon where the stock price is offered at the primary market is lower compared to the price of the stock when it was trading in the secondary market. The purpose of this study was to analyze the influence of Return On Equity (ROE), the Net Profit Margin (NPM) and the size of the company (Firm Size) of underpricing. The population in this research is the company that did the Initial Public Offering (IPO) in BEI 2013-2016 year. The selection of the sample in this study using a purposive sampling method and retrieved 54 samples of 82 companies who are doing an initial public offering in BEI 2013-2016 year. Methods of data analysis using multiple linear regression. The results of penenlitian showed that the Return On Equity (ROE) and the size of the company (Firm Size) effect on the IPO underpricing companies in Indonesia stock exchange. While the Net Profit Margin (NPM) has no effect on the company'S IPO underpricing on the Indonesia stock exchange.Keywords: Underpricing, Return On Equity, Net Profit Margin, Firm sizeAbstrakSalah satu cara perusahaan untuk mengembangkan usahanya yaitu dengan cara ekspansi dengan melakukan Initial Public Offering (IPO). Fenomena menarik pada saat perusahaan melakukan Initial Public Offering adalah fenomena Underpricing. Fenomena underpricing merupakan fenomena dimana harga saham yang ditawarkan pada pasar perdana lebih rendah dibandingkan dengan harga saham ketika diperdagangkan di pasar sekunder. Tujuan penelitian ini adalah menganalisis pengaruh Return On Equity (ROE), Net Profit Margin (NPM) dan Ukuran Perusahaan (Firm Size) terhadapunderpricing. Populasi dalam penelitian ini adalah perusahaan yang melakukanInitial Public Offering (IPO) di BEI tahun 2013-2016. Pemilihan sampel dalam penelitian ini menggunakan metode purposive sampling dan diperoleh 54 sampel perusahaan dari 82 perusahaan yang melakukan initial public offeringdi BEI tahun 2013-2016. Metodeanalisis data menggunakan regresi linear berganda. Hasil penenlitian menunjukkan bahwa Return On Equity (ROE) dan Ukuran Perusahaan (Firm Size)berpengaruh terhadap underpricing pada perusahaan yang IPO di Bursa Efek Indonesia. Sedangkan Net Profit Margin (NPM) tidak berpengaruh underpricing pada perusahaan yang IPO di Bursa Efek Indonesia.Kata kunci: Underpricing, Return On Equity, Net Profit Margin, Ukuran Perusahaan

Peran Mekanisme Corporate governance dalam Penentuan Leverage Perusahaan Pertambangan di Indonesia Kayati Kayati; Apri Dwi Astuti; Agung Yulianto
Jurnal Kajian Akuntansi Vol 3, No 2 (2019): DESEMBER 2019
Publisher : Universitas Swadaya Gunung Jati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33603/jka.v3i2.2561

AbstractThe decision of capital structure is one of the strategic policies that must be considered by the management of the company, where the alternative source of funding taken can benefit the company. The purpose of this article is to test how the role of corporate governance mechanism includes board size and audit committee in determining the debt level of the mining company. The sample in this study is a mining company listed on the Indonesia Stock Exchange in 2012-2015. The data analysis technique used in this study is a regression analysis that begins with a classic assumption test. The study shows that the board size affects leverage, while the Audit Committee does not affect leverage. This result means that the board size is effective in corporate policy, especially with regards to the company's capital structure decisions. But on the other hand, monitoring of the audit committee can be said to be quite effective so that the company does not take any policy that will affect the over-levered condition. The impact of the research is that the company can optimize the decision of capital structure, especially in the determination of the portion of external funding source in the form of debt, so that it can avoid the default debt condition and it increases company value.Keywords: Audit committee; Board size; LeverageAbstrak Keputusan struktur modal merupakan salah satu kebijakan strategis yang harus dipertimbangkan oleh manajemen perusahaan, dimana alternatif sumber pendanaan yang diambil dapat memberikan keuntungan bagi perusahaan. Artikel ini bertujuan untuk menguji bagaimana peran mekanisme corporate governance mencakup board size dan komite audit dalam penentuan tingkat hutang perusahaan pertambangan. Sampel dalam studi ini adalah perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia tahun 2012-2015. Teknik analisis data yang digunakan dalam studi ini adalah analisis regresi yang diawali dengan uji asumsi klasik. Hasil studi menunjukkan bahwa board size berpengaruh terhadap leverage, sedangkan komite audit tidak berpengaruh terhadap leverage. Artinya, board size berperan efektif dalam kebijakan perusahaan terutama yang berkaitan dengan keputusan struktur modal perusahaan. Namun di sisi lain, monitoring komite audit dapat dikatakan cukup efektif sehingga perusahaan tidak mengambil kebijakan yang akan berdampak pada kondisi over-levered. Dampak dari hasil penelitian tersebut adalah perusahaan mampu mengoptimalkan keputusan struktur modal, terutama dalam penentuan porsi sumber pendanaan eksternal berupa hutang, sehingga dapat terhindar dari kondisi debt default serta berpotensi dapat meningkatkan nilai perusahaanKata kunci: Board size; Komite audit; Leverage

Peran Karakteristik Perusahaan dan Corporate Governance dalam Keputusan Pendanaan Perusahaan Pertambangan Agung Yulianto
Jurnal Kajian Akuntansi Vol 1, No 1 (2017): JUNI 2017
Publisher : Universitas Swadaya Gunung Jati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33603/jka.v1i1.509

Abstract The funding decision represents important things that need to be considered by a manager when specify the portion of the company's capital structure that comes from internal funding sources as well as external funding sources. Therefore, this study aims to test empirically the influence the characteristics of the company that are measured by tangibility and profitability as well as the mechanisms of corporate governance that are measured by the board of directors and the independent commissioners in the determination of the company's capital structure. This research is based on the Pecking Order Theory that examines the hierarchy of corporate funding. This research was conducted on the mining company listings in BEI 2012-2015 year period with as many as 138 companies sample. Data analysis in this study using multiple regression analysis that was previously tested with classical assumptions. Hypothesis testing is done through t-Test. The results showed that tangibility, profitability, the board of directors and the independent commissioners have no effect on the decision of the company's funding.Keywords: Leverage; Tangibility; Profitability; Board of directors; Independent. commissioner.AbstrakKeputusan pendanaan merupakan hal penting yang perlu dipertimbangkan oleh manajer saat mengelola struktur pendanaan perusahaan yang berasal dari sumber pendanaan internal maupun sumber pendanaan eksternal. Oleh karena itu, penelitian ini dilakukan untuk menganalisis pengaruh karakteristik perusahaan yang diukur oleh tangibility dan profitabilitas serta mekanisme corporate governance yang diukur oleh dewan direksi dan komisaris independen dalam penentuan struktur permodalan perusahaan. Penelitian ini dilakukan pada perusahaan pertambangan yang go public di Indonesia tahun 2012-2015 dengan sampel sebanyak 138 perusahaan. Analisis data dalam penelitian ini menggunakan analisis regresi berganda yang sebelumnya diuji dengan asumsi klasik. Uji hipotesis dilakukan melalui Uji t. Hasil penelitian menunjukkan bahwa tangibility, profitabilitas, dewan direksi dan komisaris independen tidak berpengaruh terhadap keputusan pendanaan perusahaan. Kata kunci: Tangibility, Profitabilitas, Dewan Direksi, Komisaris Independen.

Religiusitas, Norma Subjektif, dan Persepsi Pengeluaran Pemerintah dalam Mendukung Kepatuhan Wajib Pajak Muchamad Faisal; Agung Yulianto
Jurnal Kajian Akuntansi Vol 3, No 2 (2019): DESEMBER 2019
Publisher : Universitas Swadaya Gunung Jati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33603/jka.v3i2.3106

AbstractTaxpayer compliance is one of the factors that the Government has considered in an effort to improve state revenue. The low level of taxpayer compliance is important to be examined, so the study aims to analyse the influence of religiousity, subjective norms and perception of government expenditure on taxpayer compliance. The selection of samples on this study simple random sampling technique and obtained 100 respondents as a sample. The data used is taxpayer compliance data during the year 2018 in KPP Tegal. The data analysis method used in this study was multiple linear regression. Prior to the use of regression analysis, the classical assumption test was carried out, which included test normality, multicolinearity test, and heteroskedastisity test. The results of this study show that in partial religousity, and the perception of government expenditure have no effect on taxpayer compliance, but the subjective norm affects taxpayers ' complianceKeywords : Religiusity; Subjective norms; and Perceptions of government expenditure; Taxpayer complianceAbstrak Kepatuhan wajib pajak merupakan salah satu factor yang dipertimbangkan pemerintah dalam upaya meningkatkan penerimaan negara. Masih rendahnya tingkat kepatuhan wajib pajak menjadi hal penting yang perlu dikaji, sehingga studi ini bertujuan untuk menganalisis pengaruh religiusitas, norma subjektif dan persepsi pengeluran pemerintah secara parsial terhadap kepatuhan wajib pajak pada Kantor Palayanan Pajak Pratama Tegal. Pemilihan sampel pada penelitian ini dilakukan dengan menggunakan teknik simple random sampling dan diperoleh 100 responden sebagai sampel. Data yang digunakan adalah data kepatuhan wajib pajak selama tahun 2018 di KPP Tegal. Metode analisis data yang digunakan pada penelitian ini adalah dengan menggunakan regresi linear berganda. Sebelum menggunakan analisis regresi, maka dilakukan uji asumsi klasik terlebih dahulu, yang meliputi uji normalitas, uji multikolonieritas, dan uji heteroskedastisitas. Hasil penelitian ini menunjukkan bahwa secara parsial religiusitas, dan persepsi pengeluaran pemerintah tidak berpengaruh terhadap kepatuhan wajib pajak, namun norma subjektif berpengaruh terhadap kepatuhan wajib pajak.Kata kunci : Religiusitas; Norma subjektif; Persepsi pengeluaran pemerintah; Kepatuhan wajib pajak

Peringkat Obligasi Ditinjau dari Produktivitas dan Penerapan Corporate Governance Perception Index (CGPI) Janiman Janiman; Muhammad Burhanudin; Agung Yulianto
Jurnal Kajian Akuntansi Vol 1, No 2 (2017): DESEMBER 2017
Publisher : Universitas Swadaya Gunung Jati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33603/jka.v1i2.765

AbstractThis research objective is to analyze the effect of productivity and the corporate governance perception index (CGPI) implementation on bond rating of company which listed on the Indonesia Stock Exchange (IDX) period 2012-2015. The research object used publishing company bonds registered in IDX during the period of the study. The research population used corporate bonds registered in IDX during years of research. The sample determination used nonprobability sampling method by purposive sampling, sample criteria in the determination of research are publishing company bonds in IDX which have a CGPI score from IICG and corporate bonds in the IDX ranked by PT PEFINDO. The number of sample specified criteria were 39 samples. Research method using ordinal logistic regression analysis. Based on the research result, the productivity proxied by asset turnover has no effect on the rating of the bonds, and the corporate governance perception index (CGPI) implementation proxied by the CGPI score has an effect on the ranking of the bond. Keywords: Asset turnover; Bond rating; CGPI score; Implementation of the Corporate Governance Perception Index (CGPI); Productivity.Abstrak Penelitian ini bertujuan untuk menganalisis pengaruh produktivitas dan penerapan corporate governance perception index (CGPI) terhadap peringkat obligasi perusahaan di Bursa Efek Indonesia (BEI) periode 20122015. Objek dalam penelitian berupa perusahaan penerbit obligasi yang terdaftar di BEI selama periode penelitian. Populasi yang digunakan dalam penelitian ini berupa obligasi korporasi (corporate bond) yang terdaftar di BEI selama tahun penelitian. Untuk penentuan sampel menggunakan metode non probability sampling dengan menggunakan purposive sampling, kriteria dalam penentuan sampel penelitian diantaranya, perusahaan penerbit obligasi di BEI yang telah mendapatkan skor CGPI dari IICG dan obligasi korporasi di BEI yang diperingkat oleh PT PEFINDO. Jumlah sampel sesuai kriteria yang ditentukan sebanyak 39 sampel. Metode penelitian menggunakan analisis ordinal logistik regresi. Berdasarkan hasil penelitian, produktivitas yang diproksikan dengan perputaran aktiva tidak memiliki pengaruh terhadap peringkat obligasi, dan penerapan corporate governance perception index (CGPI) yang diproksikan dengan skor CGPI yang didapat perusahaan memiliki pengaruh terhadap peringkat obligasi.Kata kunci: Asset turnover; Peringkat Obligasi; CGPI score; Implementation of the Corporate Governance Perception Index (CGPI); Productivity.

Pengaruh Partisipasi Anggaran dan Budget Emphasis terhadap Budgetary Slack pada Rumah Sakit Nhazib Alqais Junjunan; Agung Yulianto
Jurnal Kajian Akuntansi Vol 3, No 1 (2019): JUNI 2019
Publisher : Universitas Swadaya Gunung Jati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33603/jka.v3i1.2133

Budgetary slack is a shortage of revenues and over costs that are deliberately incorporated into the budget so that mid-and lower-level managers are more easily reaching the budget objectives. This article aims to analyze the impact of budget participation and budget emphasis partial to slack budgetary in the General Hospital of Cirebon. This study was conducted at 5 public hospitals in Cirebon and by using judgment sampling method obtained 60 respondents as samples. The data analysis techniques in this study use multiple linear regression. Before using regression analysis, the test was carried out in advance, which included the validity test and the classical assumption test, which included the test of normality, multicollinearity test, and heteroskedasticity test. Results of the study showed that a partial participation in budget and budget emphasis affected the slack budgetary.Keywords: Budgetary participation; budget emphasis; and budgetary slack.

DILEMA ETIS PADA CALON AUDITOR: SEBUAH EKSPERIMEN Ida Rosnidah; Wiwit Apit Sulistyowati; Agung Yulianto
Jurnal Akuntansi Indonesia Vol 7, No 2 (2018): Jurnal Akuntansi Indonesia
Publisher : Universitas Islam Sultan Agung (UNISSULA), Faculty of Economics, Department of Accounting

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/jai.7.2.35-48

The ethical dilemma is a condition often encountered by a person when engaged in a relationship that leads to fiduciary responsibility. In fact, this is often faced by the accounting profession when giving his services should be able to avoid conflict of interest. Therefore, this study was conducted on accounting students who have obtained an ethical understanding that acts as a potential auditor. Respondents in this study are accounting students level 3 in accounting majors in the Faculty of Economics Unswagati. This study is conducted through scenarios of cases relating to work or tasks that can lead to actions that conflict with ethical principles of accountants. Where accountants are supposed to apply ethical principles to be dilemma with the existence of such work. Through the scenario of the case, accounting students give their perception whether to perform tasks that are not according to their competence and limited time or the student will refuse the job. The results showed that for accounting students who have gained an understanding of ethics tend to consider many things and find solutions before performing tasks that are less in accordance with the competencies they have. Therefore, it can be concluded that the value of students who have gained a higher ethical understanding.Keywords: ethical dilemma, professional principles, integrity, competence and professional caution

MATURITY AND RELIGIOSITY IN SHAPING ACCOUNTING STUDENT’S PERCEPTION OF BUSINESS SCANDALS Wiwit Apit Sulistyowati; Agung Yulianto; Acep Komara
JRAK Vol 14 No 2 (2022): October Edition
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v14i2.5623

Business scandals involving an accountant role lead to a drop in public confidence in the business and accountant profession. This study focuses on accounting student perception of the accounting scandal based on maturity factors and religiosity. This study uses simple random sampling technique and obtained a sample number of 283 students. Respondent answers were analyzed using structural equation modelling through SmartPLS. The study results proved that maturity factors and religiosity have a positive effect on accounting student perception regarding the impact of business scandals on the accounting profession. Maturity factors positively affect accounting student perception regarding the impact of business scandals on knowledge of business scandals, while religiosity negatively affects student perceptions, but it is not significant.

Stimulasi Kemampuan Calistung dan Peningkatan Semangat Belajar Siswa SDN 1 Kertawangun di Masa Pandemi Covid19 Triya Dede Lusianah; Elih Siti Khoerunnisa; Muhammad Isya Ramadhan; Dena Nian Sentika; Wiwit Apit Sulistyowati; Agung Yulianto
Abdimas Langkanae Vol. 3 No. 1 (2023)
Publisher : Pustaka Digital Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53769/jpm.v3i1.79

Calistung merupakan kemampuan dasar penting yang harus dikuasai anak yang akan memasuki jenjang Sekolah Dasar. Berdasarkan hasil observasi yang kita lakukan dan wawancara langsung dengan guru – guru SDN Kertawangun dengan kondisi tersebut dapat teridentifikasi ada 10% mulai dari kelas 3 - 6 yang belum lancar metode pembelajaran calistung dan rata-rata yang belum lancar terdapat di kelas 3. Dikarenakan kurangnya semangat belajar siswa dan dorongan dari pihak sekolah dan orang tua yang menyebabkan banyak siswa yang belum menguasai calistung. Kegiatan pengabdian ini ada untuk memberikan bimbingan dan pelatihan kepada kelas 3-6 SDN Kertawangun. Kegiatan ini menggunakan pendekatan pelatihan bimbingan mengajar. Pelatihan ini dilaksanakan dengan 4 tahap kegiatan yaitu: 1) tahap persiapan, 2) tahap pelatihan, 3) tahap ujian, dan 4) tahap Monitoring dan Program. Jadi secara keseluruhan kegiatan mengajar calistung dilaksanakan dalam 4 bentuk kegiatan selama 6 hari dengan 2 kali pertemuan. Indikator capaian kegiatan ini merujuk pada indikator membaca, menulis dan berhitung dengan capaian meningkatnya kemampuan siswa dalam membaca, menulis dan menghitung. Adapun respon yang diberikan oleh guru dan siswa sangat positif selama kegiatan ini berlangsung.

The Role Of Good Corporate Governance On Fırm Value: Analysıs Of Influencıng Factors Siti Nisaa Ullatifah; Intan Nurul Aini; Mohamad Fajri; Agung Yulianto
Asian Journal of Management, Entrepreneurship and Social Science Vol. 4 No. 03 (2024): August Asian Journal of Management Entrepreneurship and Social Science ( AJMES
Publisher : Cita Konsultindo Research Center

Show Abstract | Download Original | Original Source | Check in Google Scholar

The objective of this study is to examine the impact of Corporate Social Responsibility (CSR), profitability, capital structure, and Good Corporate Governance on the value of mining businesses listed on the Indonesia Stock Exchange. The research employs a quantitative methodology with a comparative causal approach to examine the correlation between the dependent variable (firm value) and the independent variables (CSR, profitability, capital structure, and Good Corporate Governance). This study utilises secondary data extracted from the financial statements of mining industry companies that are publicly traded on the Indonesia Stock Exchange throughout the period of 2020-2022. The findings indicate that the capital structure, specifically the Debt to Equity Ratio (DER), has a positive and statistically significant impact on firm value. This means that as the DER value of a company increases, the company's performance improves. However, it has been found that CSR disclosure, profitability, and Good Corporate Governance do not have a substantial impact on the value of the company.

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