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Journal : Diponegoro Journal of Economics

Analysis Quality of Financial Reporting, Free Cash Flow, Asset Tangibility, and Liquidity of Investment Efficiency with in Moderation to Debt Maturity Dinda Ayu Septiana; Harjum Muharam; Wisnu Mawardi
Diponegoro Journal of Economics Vol 9, No 1 (2020)
Publisher : Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.31487

Abstract

This study aims to analyze the role of free cash flow, asset tangibility, liquidity, and the quality of financial reporting which is moderated by debt maturity in investment efficiency. This study takes State-Owned Enterprises companies listed on the Indonesia Stock Exchange from 2011 to 2017 as a population. The purposive sampling method is used as a sampling in research. The number of companies that can meet the criteria is 17 companies. This study uses data from the company's annual financial statements listed on the Stock Exchange, which consists of total investment, free cash flow, asset tangibility, liquidity, and debt maturity. There are five hypotheses in this study, and analyzed using multiple regression with SPSS tools. The results of this study indicate that the quality of financial reporting has a positive and significant effect on investment efficiency. In addition, the quality of financial reporting moderated by debt maturity has a positive and significant effect on investment efficiency. For free cash flow, asset tangibility, and liquidity do not have an effect on investment efficiency.
Kepemilikan dan Kepemilikan Manajerial terhadap Nilai Perusahaan dengan Ukuran Perusahaan dan Leverage sebagai Variabel Kontrol (Studi Empiris pada Perusahaan yang Terdaftar dalam Index LQ-45 di BEI Periode 2014-2018) Farich Novrina Sandy; Wisnu Mawardi; Fuad Mas’ud
Diponegoro Journal of Economics Vol 9, No 2 (2020)
Publisher : Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.31540

Abstract

In a few decades, research topic on corporate governance attracts much attention from scholars in Indonesia. Different from most of previous studies, I employ attendance of board of director’s meetings, frequency of board of commisioner’s meetings, audit committee size, audit reputation, ownership concentration and manajerial concentration as the determinants in this research. The purpose of this study is to examine the effect of attendance of board of director’s meetings, attendance of board of commisioner’s meetings, audit committee size, audit reputation, ownership concentration and manajerial concentration on firm performance. Sample of this research covers 30 firms listed on Index LQ-45 in Indonesia Stock Exchange period 2014 until 2018. The analysis method used is multiple regression with 150 observations data panel. Firm performance is measured with Tobin’s Q and controlling for firm size and leverage. The results show that attendance of board of director’s meetings, attendance of board of commisioner’s meetings, audit committee size, and manajerial concentration has negative and not significant effect on firm performance. However, the result show that audit reputation and ownership concentration has positive and significant effect on firm performance.
Co-Authors Adistya, Renna Alamaint, Saezar Anisqe Adita Ardiansyah, Rizki Arief Rachman Arindra Karunia Rahmadhani, Arindra Karunia Asriyani, Rahma Asti Mardiana Putri, Asti Mardiana Astuti, Fitria Yuni Asyazilal, Abieta Cahyana, Muhammad Aziz Catur Karyanto Pilih Chotrianda, Nadhia Fortuna Dea Adielyani Diah Meani R.M.D Dinda Ayu Septiana Doni Setiawan Dul Muid Eliezer Yudha Nattan Fahmi Hasan, Fahmi Farhanditya, Ferdiansyah Djody Farich Novrina Sandy Fitri Andriani, Lia Foza Hadyu Hasanatina, Foza Hadyu Fuad Mas’ud Glady Precillia Arindi, Glady Precillia Hadi, Naufal Handayani, Heny Harjum Muharam Harris, Rizky Muhammad Hashifah Nabilah Hashifah Nabilah, Hashifah Hendra Fitrianto Hendratno, Roberto Heny Handayani Iffada, Berliana Iga Bagus Jaya Wardhana, Iga Bagus Jaya Indra Kurnia Irene Rini Demi Pangestuti Kurniawan, Noval Kusuma, Difa Putra Makusara, Kumaralalita Mansur Mansur Miyasto Miyasto Mochammad Ardani Muhajir, Atok Muhammad Aziz Cahyana Muhammad Azmi Fauzan, Muhammad Azmi Nugroho, Leonardus Jayadi Pangestika, Devi Wahyu Pradhipta, Rama Dwika Prasetyo, Ivan Pratama, Anaszaki Purbayu Budi Santosa Putra, Ardhilo Putranto, Andre Novia Rachmawati, Windasari Rahmitha, Sasya Ramadhan, Aryasatia Rayhan, Raditya Valeri Aurelia Retno Hidayati Reza Surya Akdiwidjaya Riza, Mukaffi Rizky Utami, Anindya Rizqi Amalia Yasinta Putri Robiyanto Robiyanto Robiyanto, Robiyanto Robiyanto, Robiyanto Ryan Havidhian Putra Sari, Dwi Kamilah Sasya Rahmitha Setiyawati, Lia SUGENG WAHYUDI Sugeng Wahyudi, Sugeng Syafa’ati, Fiskia Tarigan, Edi Suranta Thoriq, Ezar Aufa Tiari Aprisilya, Tiari Vidianto, Muhammad Afiq Wafdayanti, Haasya Widiastuti, Cahyaning Ajeng Yurivin, Nerissa Zakiah Zakiah