Claim Missing Document
Check
Articles

Found 30 Documents
Search

Good Corporate Governance Strategy and Firm Value: The Moderating Role of Firm Size Taufik Hidayat; Rina Nurjanah; Oom Tikaromah; Fauzan Gilang Ramadhan
Owner : Riset dan Jurnal Akuntansi Vol. 9 No. 4 (2025): Artikel Riset Oktober 2025
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v9i4.2772

Abstract

This study analyses the effect of Good Corporate Governance (GCG) on firm value in the property and real estate sector in Indonesia, with firm size as a moderating variable. The phenomenon of fluctuating stock prices and decreasing company value in this sector is the background of the study. GCG is measured through the board of directors, board of commissioners, and audit committee, while firm value is calculated by Price Book Value (PBV). The research sample consisted of 24 property and real estate companies listed on the Indonesia Stock Exchange during the period 2013-2024, using a purposive sampling technique. The data was analysed using panel data regression with e-Views. The results indicate that the board of directors has a positive impact on firm value, whereas the boards of commissioners and the audit committee have no significant effect. Firm size weakens the effect of the board of directors on firm value, but does not moderate the effect of the board of commissioners and the audit committee. The findings indicate the complexity of the relationship between GCG, firm size, and firm value in the property and real estate sector in Indonesia. This research enriches agency and signaling theories, and shows that the role of the board of directors has a greater influence on smaller firms, suggesting that larger firms need to develop adaptive governance mechanisms to enhance the board’s effectiveness
Determinants of Firm Value in the Indonesian Property and Real Estate Sector: Evidence from Panel Data Analysis (2013-2024) Taufik Hidayat; Adibah Yahya; Eka Avianti Ayuningtyas; Oom Tikaromah
Owner : Riset dan Jurnal Akuntansi Vol. 9 No. 3 (2025): Research Articles July 2025
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v9i3.2774

Abstract

This study analyzes how Good Corporate Governance (GCG), specifically through the audit committee, capital structure (DER), profitability (ROE), and firm size, influences firm value within Indonesia's property and real estate sector. By examining secondary data from companies' annual reports between 2013 and 2024 using panel data regression, and sample selection using purposive sampling. The findings indicate that the audit committee does not significantly influence firm value, suggesting its role is more supervisory than directly strategic in value creation. Conversely, capital structure (DER) shows a positive effect on firm value, implying that efficient debt utilization can enhance shareholder returns. Profitability (ROE) also positively impacts firm value, confirming that strong financial performance and operational efficiency boost investor confidence. Interestingly, firm size negatively affects firm value, possibly due to operational complexities and inefficiencies often associated with larger corporations. These insights offer valuable guidance for investors and management in understanding the determinants of firm value in this sector.
Pendekatan Ekonomi Sirkular Sebagai Model Keberlanjutan Usaha Melalui Strategi Keuangan Pada UMKM Industri Tempe di Cikarang Utara Rina Nurjanah; Adibah Yahya; Oom Tikaromah; Dede Puspa Pujia; Taufik Hidayat; Putri Kurniawati
Jurnal Ekonomi Bisnis, Manajemen dan Akuntansi (Jebma) Vol. 6 No. 2 (2026): Article Research Juli 2026
Publisher : Yayasan Cita Cendikiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/jebma.v6i2.9139

Abstract

Latar Belakang: Keberlanjutan UMKM semakin dipengaruhi oleh kemampuan pelaku usaha dalam mengintegrasikan strategi keuangan dengan praktik ekonomi sirkular. Literasi keuangan dan pemanfaatan financial technology (FinTech) dipandang sebagai faktor yang dapat meningkatkan kinerja keuangan, baik secara langsung maupun melalui penerapan ekonomi sirkular. Tujuan: Penelitian ini bertujuan menganalisis pengaruh financial literacy dan financial technology terhadap financial performance dengan circular economy sebagai variabel mediasi pada UMKM industri tempe di Cikarang Utara. Metode: Penelitian menggunakan pendekatan kuantitatif dengan metode survei terhadap 68 pelaku UMKM yang dipilih menggunakan simple random sampling. Analisis data dilakukan menggunakan Partial Least Square-Structural Equation Modeling (PLS-SEM). Hasil: Hasil penelitian menunjukkan bahwa financial literacy berpengaruh positif dan signifikan terhadap financial performance serta circular economy. Circular economy juga berpengaruh positif terhadap financial performance dan mampu memediasi pengaruh financial literacy terhadap financial performance. Sebaliknya, financial technology berpengaruh positif langsung terhadap financial performance, tetapi tidak berpengaruh signifikan terhadap circular economy sehingga mediasi circular economy pada hubungan tersebut tidak terbukti. Model penelitian memiliki kemampuan prediksi yang sangat tinggi dengan nilai R² sebesar 0,934 pada circular economy dan 0,977 pada financial performance. Kesimpulan: Peningkatan literasi keuangan menjadi faktor dominan dalam memperkuat praktik ekonomi sirkular sekaligus meningkatkan kinerja keuangan UMKM, sedangkan pemanfaatan FinTech lebih berperan dalam meningkatkan efisiensi transaksi keuangan dibandingkan mendorong implementasi ekonomi sirkular.
Asistensi Manajemen Persediaan Barang Dagang di Toko CIQ Bintang Neng Asiah; Sindik Widati; Taufik Hidayat; Irfan Afriantoro; Rendi Riswandi
Jurnal Pelita Pengabdian Vol. 1 No. 1 (2023): Januari 2023
Publisher : DPPM Universitas Pelita Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37366/jpp.v1i1.1639

Abstract

Kegiatan Pengabdian Masyarakat ini dilatar belakangi oleh penemuan studi lapangan bahwa Toko CIQ Bintang sebagai salah satu toko penyedia alat tulis kantor dan alat sekolah di Kota Bekasi yang mengalami permasalahan dalam pengelolaan persediaan barang dagang. Salah satunya terdapat kendala dalam pencatatan dan penyusuna persediaan barang dagang, akibatnya mitra membutuhkan waktu yang cukup lama dalam menyediakan barang yang diminta oleh konsumen yang berdampak pada keterlambatan pengiriman barang. Tujuan kegiatan PKM ini untuk memberikan asistensi mengenai manajemen persediaan barang dagang di Toko CIQ Bintang, sehingga barang dagang dapat dikelola dengan baik mulai dari penyusunan barang sampai dengan dokumen yang dibutuhkan. Metode yang digunakan dalam kegiatan PKM yaitu melakukan wawancara dengan pihak mitra, kemudian mengidentifikasi permasalahan, menata barang dagang, dan menyusun dokumen yang dibutuhkan dalam persediaan. Hasil kegiatan dalam asistensi manajemen persediaan barang menunjukkan bahwa mitra dapat menyusun barang dagang dengan baik dan tertata rapi, adanya dokumen kartu stok barang yang terdapat dalam data komputer toko, dan pemahaman mengenai economic order quantity agar terhindar dari penumpukan stok sehingga persediaan lebih efisien.
BUSINESS FEASIBILITY STUDY USAHA POTATO CHEESE BALL DI CIKARANG PUSAT Taufik Hidayat; Ela Fauziah; Hendri Kartika Andri; Cecilia Margaretha Sinaga; Syafa Amelia Putri; Marsha Rose Delima
Community Development Journal : Jurnal Pengabdian Masyarakat Vol. 7 No. 3 (2026): Vol. 7 No. 3 (2026)
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/cdj.v7i3.58870

Abstract

Usaha Mikro, Kecil, dan Menengah (UMKM) memegang peranan strategis dalam memicu pergerakan ekonomi lokal, namun dalam realitasnya masih kerap terkendala oleh manajemen usaha yang bersifat trial and error serta minimnya perencanaan yang berbasis data. Kegiatan pengabdian kepada masyarakat ini bertujuan untuk melakukan pendampingan sekaligus menguji kelayakan bisnis usaha kuliner camilan "Potato Cheese Ball" di wilayah Cikarang Pusat melalui pendekatan multidimensi. Metode pelaksanaan pengabdian dilakukan secara sistematis yang meliputi empat tahapan utama, yakni identifikasi permasalahan di lapangan melalui observasi dan wawancara, penyuluhan dan pelatihan teori studi kelayakan bisnis, pendampingan intensif penyusunan dokumen usaha, serta evaluasi dan monitoring berkala. Hasil studi kelayakan yang komprehensif menunjukkan posisi strategis usaha yang potensial berdasarkan analisis SWOT serta integrasi model bisnis yang adaptif menggunakan kerangka Business Model Canvas (BMC). Ditinjau dari parameter finansial, usaha dengan target kapasitas produksi awal sebesar 20 porsi per hari ini dinilai sangat prospektif dan menguntungkan. Hal tersebut dibuktikan melalui pencapaian nilai Revenue Cost Ratio (R/C Ratio) sebesar 1,5 (> 1), tingkat Break-Even Point (BEP) yang berada pada batas aman, yakni 250 porsi per bulan, serta periode pengembalian modal fisik (Payback Period) yang tergolong cepat, yaitu selama 1,2 bulan. Dengan demikian, dapat disimpulkan bahwa rencana pendirian usaha Potato Cheese Ball di Cikarang Pusat ini dikategorikan sangat layak dijalankan demi mendorong pertumbuhan ekonomi mikro masyarakat setempat
KONEKSI POLITIK DAN PENGHINDARAN PAJAK: SOLUSI ATAU ANCAMAN BAGI NILAI PERUSAHAAN Rina Nurjanah; Adibah Yahya; Taufik Hidayat; Meli Andriyani
EQUITY Vol 28 No 2 (2025): EQUITY
Publisher : Department of Accounting, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34209/equ.v28i2.11049

Abstract

This study examines the interplay between political connections, financial distress, Tax Avoidance, and a company's firm value. The primary objective is to analyze how these factors influence firm value, particularly focusing on the effects of political connections on financial distress and Tax Avoidance. The research was conducted on 33 companies listed on the Jakarta Islamic Index (JII70) from 2022 to 2024, utilizing e-Views as the analytical tool. The findings reveal that political connections do not significantly impact firm value or Tax Avoidance; however, they do have a negative effect on financial distress. Conversely, financial distress negatively affects both firm value and Tax Avoidance, while Tax Avoidance does not influence firm value. These results suggest that a company's fundamental factors and internal conditions play a more critical role in determining its value than political connections. Consequently, the study highlights the importance for companies to prioritize robust financial performance and effective business strategies over reliance on transient political connections. Keywords: Financial Distress; Firm Value; Political Connection; Tax Avoidance.
KEPUTUSAN INVESTASI BERDASARKAN LITERASI KEUANGAN, PENGETAHUAN INVESTASI DAN PERSEPSI RISIKO Taufik Hidayat; Benny Oktaviano; Roni Baharuddin
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 6 No. 2 (2023): June 2023
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v6i2.1352

Abstract

Penelitian ini betujuan untuk mengetahui pengaruh literasi keuangan, pengetahuan investasi, dan persepsi risiko terhadap keputusan investasi mahasiswa akuntansi. Variabel dependen atau variabel terikat yang digunakan adalah keputusan investasi, sedangkan variabel independen atau variabel bebas adalah literasi keuangan, pengetahuan investasi, dan persepsi risiko. Sample yang di gunakan berjumlah 97 responden. Data yang di gunakan dalam penelitian ini menggunakan kuesioner. Metode analisis yang di gunakan adalah metode analisis deskriptif uji asumsi klasik dan uji hipotesis.Hasil penelitian menunjukkan bahwa keputusan investasi dipengaruhi oleh literasi keuangan dan persepsi risiko secara positif, namun pengetahuan investasi tidak mempengaruhi mahasiswa akuntansi dalam mengambil keputusan investasi.
Mekanisme Tata Kelola terhadap Kualitas Laba: Peran Moderasi Kecepatan Publikasi Laporan Keuangan Taufik Hidayat; Oom Tikaromah; Ela Fauziah; Hendri Kartika Andri; Ilham Dwi Saputro
Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 4 (2026): Artikel riset Oktober 2026
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v10i4.4105

Abstract

This study aims to examine the effect of audit committee independence and external audit quality on earnings quality, with financial statement publication speed as both a direct variable and a moderating variable. Earnings quality is measured using discretionary accruals via the Modified Jones Model. Using a quantitative causal design and purposive sampling, 15 mining companies listed on the Indonesia Stock Exchange during 2021–2025 were selected, yielding 75 observation data points. Data were analyzed using panel data regression with the Random Effect Model (REM) and Moderated Regression Analysis (MRA) in EViews. The empirical findings show that audit committee independence and external audit quality do not have a significant direct impact on earnings quality, indicating that internal governance structures and audit firm reputation often operate merely as regulatory compliance. Conversely, publication speed positively and significantly affects earnings quality, supporting signaling theory that timely financial reporting conveys transparent operational information. Furthermore, publication speed does not moderate the impact of audit committee independence on earnings quality, but it significantly weakens the relationship between external audit quality and earnings quality. This indicates that excessive time-budget pressure arising from accelerated publication deadlines compromises audit thoroughness, thereby diminishing audit quality effectiveness in curbing earnings management.
Profitability and Company Growth in Influencing Dividend Policy Moderate by Liquidity Sindik Widati; Taufik Hidayat; Rahmatul Ummah; Maulina Dyah Permatasari
Jurnal Akuntansi Bisnis Pelita Bangsa Vol. 9 No. 02 (2024): AKUBIS - Desember - 2024
Publisher : LPPM Universitas Pelita Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37366/akubis.v9i02.2138

Abstract

This study aims to analyse the effect of profitability and company growth on dividend policy, with liquidity serving as a moderating variable. The research population consists of manufacturing companies listed on the Indonesia Stock Exchange during 2019-2022. The sample was selected using the purposive sampling method, resulting in 37 companies and a total of 148 observations. Data was collected through the documentary method from the companies' annual reports. Data analysis was conducted using multiple regression and Moderate Regression Analysis (MRA) with the assistance of E-Views software. The results indicated that profitability has a significant negative effect on dividend policy, while company growth does not have an impact on dividend policy. Liquidity has been shown to moderate the effect of profitability on dividend policy but is unable to moderate the effect of company growth on dividend policy. This study provides important implications for investors in understanding the factors that influence the dividend policy of manufacturing companies.
Technology Acceptance Model dalam Mendorong Intention to use pada Sistem Informasi Akuntansi Oom Tikaromah; Nurjanah Nurjanah; Adibah Yahya; Taufik Hidayat
Jurnal Akuntansi Bisnis Pelita Bangsa Vol. 9 No. 02 (2024): AKUBIS - Desember - 2024
Publisher : LPPM Universitas Pelita Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37366/akubis.v9i02.2278

Abstract

This study aims to analyse the factors that influence the intention to use the Accounting Information System (AIS) in Indonesian construction companies using the Technology Acceptance Model (TAM). The research method used is quantitative involving 47 respondents who are employees involved in financial records. Data were collected through a questionnaire that measured perceptions of ease of use, usefulness, and attitudes towards the use of AIS. The results of the analysis show that perceived ease of use and attitude towards using have a positive and significant effect on intention to use, while perceived usefulness does not show a significant effect. These findings indicate that ease of use and positive attitude towards technology are key factors in encouraging the intention to use AIS. This research provides insights for companies in designing more effective technology adoption strategies, focusing on improving ease of use and developing positive attitudes among employees.