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Muhammad Arfan

Syiah Kuala University

Author-ID : 3892206

Economics, Econometrics & Finance Social Sciences

Published : 2 Documents Claim Missing Document

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Articles

Factors Influencing Financial Distress and Its Impact on Company Values of the Sub-Sectors Firms in Indonesian Milla Alsura Murtadha; Muhammad Arfan; Mulia Saputra
Journal of Accounting Research, Organization and Economics Vol 1, No 2 (2018): JAROE, Vol.1 No.2 December 2018
Publisher : Universitas Syiah Kuala

AbstractObjective – The purpose of this study is to determine the influence of corporate governance, profitability, and firm size on financial distress and its impact to the company value of the sub-sectors companies in infrastructure, utilities, and transportation that are listed in Indonesia Stock Exchange for the period of 2011-2015. Design/methodology – The secondary data in the form of financial statements are collected from the sub-sector companies in infrastructure, utilities, and transportation thand from the Indonesian Capital Market Directory (ICMD). The data is taken from the companies listed in Indonesia Stock Exchange in period of 2011-2015. Samples are determined by using purposive sampling method and the samples are selected based on certain considerations or criteria. The analysis model used in this study is path analysis. Results – The results show that in the first line; corporate governance, profitability and firm size, both partially and simultaneously have significant influence on financial distress of the sub-sector companies on infrastructure, utilities, and transportation that are listed in Indonesia Stock Exchange. In the second track, corporate governance, profitability, firm size and financial distress both partially and simultaneously have significant influence on the company value in the sub-sectors of infrastructure, utilities, and transportation that are listed in Indonesia Stock Exchange. Research limitations/implications – The time of observation of the study is only 5 years and it does not properly reflect the actual phenomenon. The samples of the study are only limited to Sub-Sector companies in Infrastructure, Utilities, Transportation even though there are still many other companies that are listed in Indonesia Stock Exchange.

The Implementation of Government Fixed Assets Administration: A Case Study on the Government of Aceh Singkil Regency Hilfa Hizriati; Muhammad Arfan
Journal of Accounting Research, Organization and Economics Vol 5, No 1 (2022): JAROE Vol. 5 No. 1 April 2022
Publisher : Universitas Syiah Kuala

The purpose of this study is to analyze the implementation of fixed asset administration in Aceh Singkil Government. A qualitative approach was used in this study and the sample was determined by using purposive sampling. Data source of this study is primary data. Triangulation technique was used to collect data using observation of asset administration documents, questionnaires, and in-depth interviews. The data were analyzed using qualitative analysis techniques of triangulation. In general, the results showed that the implementation of fixed asset administration in Aceh Singkil Government was still in poor criteria. This is supported by BPK's findings on the annual audit of the Aceh Singkil LKPD. Although Aceh Singkil Governmenthave obtained the WTP opinion, there are some notes on fixed assets administration that must be addressed by the Government of Aceh Singkil. Another finding is the lack of a good internal control system of fixed assets administration in the Government of Aceh Singkil. Furthermore, several factors that support and prevent the administration of fixed assets in Aceh Singkil Regency Government were found. The factors that support fixed assets administration include; an adequate understanding of the apparatus, a good ability of BMD management apparatus to operate computers, a good incentive system for BMD management apparatus, and enactment of regional regulations/qanun as the basic law to implement the government commitments of Aceh Singkil in fixing the administration of fixed assets, BPK’s routine audits, and developments in communication technology. On the other hand, factors that hinder fixed assets administration include; incomplete fixed asset data, insufficient BMD management officers in OPDs who have many fixed assets and wide distributions, human resource development opportunities for BMD management officers are still very low, and a poor internal control system. The results of this study are expected to be useful for Aceh Singkil Regency Government to improve fixed assets administration.

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