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The impact of earning management on market earnings value: the causal study on the level of accruals Muljanto Siladjaja; Yuli Anwar
The Accounting Journal of Binaniaga Vol 4, No 2 (2019): December 2019
Publisher : STIE Binaniaga

The purpose of this research is to test investors capability to detect earning management after the period of publication, when the information from financial report plays critical role in investment’s decision. Given the feedback of investor’s reaction, this research provides an empirical model, that point out the earnings management as a message or signal of firm performance, particularly of negative perception on accruals’s opportunisties. This research uses path model analysis and multivariate regression, where the data have been collected from 2.560 observations. The unit of analysis of this research was all the listed companies in the period 20012017. The method of sampling was purposive sampling, which based on annual financial report. The findings of this research showed that all public firms have systematic method for earnings management, by distinguishing the positive and negative accruals, the discretionary accruals have the negative influence on the market value significantly, when we used the earning market ratio. When financial report had high accruals quality, it had positive perception from investors, while estimating the future prospect with high accuracy by obtaining usefulness of financial report. The indicator of earnings management, and working capital had been sensitive for investors, because of accruals in reporting firm’s performance. Keywords: Discretionary Accruals, Working Capital, Dividend Pay Out, Quality of Accruals, Cost of Capital.

The Effect of Working Capital Management on Profitability in Manufacturing Company Listed in Indonesia Stock Exchange Yuli Anwar
The Accounting Journal of Binaniaga Vol 3, No 01 (2018): June 2018
Publisher : STIE Binaniaga

Profitability of manufacturing companies in Indonesia is influenced by various financial factors that can be measured using financial ratios. The purpose of this study is to analyze the effect of cash turnover, average collection period of receivables, and inventory turnover to profitability on manufacturing companies listed on the Indonesia Stock Exchange. The population of this research is manufacturing company of consumer goods industry sector listed in Indonesia Stock Exchange period 2011-2015 period. Sampling method used was purposive sampling and 23 companies were obtained as sample. The method of analysis used is multiple regression analysis. Based on the result of t test, cash turnover is positively related and significant to profitability. While the average collection period of receivables has a negative and significant impact on profitability. Inventory turnover has no significant effect on profitability. The results simultaneously with F test show that all independent variables have significant effect to ptofitability. The adjusted R square value of 0.135 indicates that 13.5% profitability can be explained by independent variables of cash turnover, average collection period and inventory turnover. While the rest of 86.5% is explained by other variables.Keywords: Return on investment, cash turnover, average collection period and inventory turnover.

The Mapping Of Investor Perception On The High Financial Reporting Quality Muljanto Siladjaja; Yuli Anwar
The Accounting Journal of Binaniaga Vol 6, No 1 (2021): June 2021
Publisher : STIE Binaniaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33062/ajb.v6i1.412

This research mapped investor perception on high accounting information quality, particularly the accurate prediction model for future returns. The high financial reporting quality indicates the company's prospective improvement in the future under the right management. This positively affects market price fluctuation, where the investor has minimum distortion on accounting information and low risk. The obedience to accounting standards and tax regulation illustrates actual earnings in reducing agency cost's volatile movement. This study used questionnaires to gather information. The respondents were related parties with dominant influence in investment, specifically 384 samples. Through the structural equation model, the mapping of earnings quality, future market value, and dividend policy played a critical role in minimizing misleading information and improving accounting information quality. The high financial reporting quality indicates the managements' obedience in maximum implementation of regulations with continuous improvements. In this regard, the dividend policy has significantly contributed to the improvement of the earnings quality. The Decision Tree Model was used in mapping investor perception on earnings quality to estimate the high probability of a long or short position for their maximum utility. When the dividend policy is used as a mandatory indirect obligation, the management should provide high accounting information quality.

Intervening effect of personal value on the code of ethics to ethical judgment Yuli Anwar
The Accounting Journal of Binaniaga Vol 5, No 01 (2020): June 2020
Publisher : STIE Binaniaga

The purpose of this study is to examine and analyze empirically the effect of code of ethics understanding to ethical judgment through personal value of public accountant. The model proposed in this research was tested by means of structural equation modeling. The data were collected from purposive sampling and the number of samples of this research were 301 partners, manager, supervisor, and senior accountant in Indonesia. Construct that directly affect each other in this study are code of ethic to personal values and code of ethic to ethical judgment and and prove that personal value is an intervening variable. The model proposed in the research shows the impact code of ethics, personal value and ethical judgment. Future research should study of morality of auditor and collected sample from Asian countries. Partner, manager, supervisor, and senior auditor may take a decision wiser with ethical judgment with based on fact. The model proposed in this research partner, manager, supervisor, and senior auditor have positive direct impact of each code of ethic to personal values and positive direct impact code of ethic to ethical judgment. Keywords: Code of Ethics, Personal Value, Ethical Judgment

COMPARATIVE ANALYSIS OF COMMERCIAL BANKS GOVERNMENT OWNED AND PRIVATE BANKS NATIONAL USING RGEC Yuli Anwar
The Accounting Journal of Binaniaga Vol 1, No 01 (2016): June 2016
Publisher : STIE Binaniaga

The global financial crisis that occurred in 2008, the opening of free trade of Southeast Asia (MEA). As well as the use of new methods in the assessment of the health of the bank directly or indirectly impact on the health of the banking performance changes. This study aims to determine the differences between the health levels of government-owned banks and national enterprises listed on the Indonesia Stock Exchange in 2013 and 2014. An assessment of the soundness of banks is an assessment of the factors RGEC the risk profile (risk profile), corporate governance good (good corporate governance), earnings (earnings), and capital (capital). Banks are becoming a sample of 27 banks of the population of 41 banks with purposive sampling method. The data analysis technique used is the Independent sample T-test.The results showed that the condition of banks in terms of risk profile, corporate governance and capital in a healthy state with PK-II both in 2013 and 2014. In terms of profitability shows that state-owned banks in better shape with a very healthy predicate either in 2013 or 2014 . Meanwhile, a national privately owned banks in the state are healthy enough to PK-III both in 2013 and 2014. in addition, the results also showed that there were no differences between the health levels of government-owned banks and national private sector. Partially factor risk profile, corporate governance and capital did not show any significance between the government and private banks nationwide. While the earnings factor show opposite results.Keywords: Health Bank, RGEC, Risk Profile, GCG, Profitability, Capital.

The effect of return on equity, earning per share and price earning ratio on stock prices Yuli Anwar
The Accounting Journal of Binaniaga Vol 4, No 01 (2019): June 2019
Publisher : STIE Binaniaga

The purpose of this study is to analyze, test, and prove the effect of returns on equity (ROE), earnings per share (EPS), and price-earnings ratio (PER) on stock prices (SP). The method carried out in this test uses multiple linear regression with the preceding test of classical assumption deviations. The result shows that the data is normally distributed and no overlapping is obtained. Based on the results of the ANOVA test calculations obtained the value of F-value = 13.349 with a significance of 0.005. By using the 0.05 level of significance, the value of F-table is 2.839. Then Fvalue 13.349> F-table (2.389), or significance of 0.005 smaller than 0.05 so that it can be concluded that the three independent variables namely ROE, EPS and PER simultaneously influence the Stock Price on the Indonesia Stock Exchange. Partially the ROE has a significant effect but EPS and PER do not affect. Keywords: returns on equity, earnings per share, and price-earnings ratio on stock prices.

Pengaruh Seleksi Karyawan Terhadap Produktivitas Kerja Pada PT. Aloma Wangi Bogor Yuli Anwar; Erna Herpiana
Jurnal Ilmiah Binaniaga Vol 4, No 02 (2008): December 2008
Publisher : STIE Binaniaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33062/jib.v4i2.211

prospective workes who apply to companies not limited to comporate environments, but were outside the area even more numerous, better take a long time employee and for the information in the media for many companies the number of applicants, have a positive impact for workers who meet the qualifications and expectations. More and applicants, the more chances to choose a highly qualified workforce and competent. Conversely the negative impact the allocations of funds, time and energy to do the sekection of applicants who have spent quaite big. Employee productivity also related to the right of labor to obtain the potential development opportunities that exist in self-employees in accordance with the capabilities(education) and experience in order to increase its productivity. With the development of human resources through training, promotion and transfer of employees it is expected that employee productivity is achieved. Thereby increasing employee productivity is closely related to human resource development issues, obtained regression equation Y = 0,889 + 0.002 X, meaning that if there is an increase of one unit of selection of employees so that productivity will increase employee’s 0,002. Obatained by calculating r (0.627)> r on the table for a = 0,05 (0.3340 then accept H1, which means there is a relationship to the level of employee selection employee producivity with the interpretation of the correlation coefficient indicates the interval betwwen 0.60 to 0.799 whitch has a positive relationship is strong.

ANALISIS PERBANDINGAN BIAYA ANTARA SEBELUM DAN SETELAH KEBIJAKAN PENGETATAN BIAYA LANDED COST PADA PT. PFIZER INDONESIA (PFIZER ANIMAL HEALTH) Yuli Anwar; Akbar Fakihudin
Jurnal Ilmiah Binaniaga Vol 11, No 2 (2015): December 2015
Publisher : STIE Binaniaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33062/jib.v11i2.264

Tujuan dalam penelitian adalah untuk mengetahui pengaruh kebijakan pengetatan biaya yang dilakukan oleh PT Pfizer Indonesia (Pfizer Animal Health) dengan membandingkan biaya sebelum dan setelah kebijakan pengetatan biaya landed cost pada tahun 2015 melalui uji komparasi dengan mengamati variabel landed cost yang terdiri dari tiga indikator yang digunakan yaitu: pembelian atau purchase, bea masuk (BM), biaya proses kepabeanan (BPK) dengan menggunakan analisis F atau uji analisis ragam atau ANOVA (analysis of variance) digunakan untuk menganalisis perbandingan perubahan kebijakan pengetatan biaya landed cost periode tahun fiskal 2013 sampai dengan 2015 dengan memusatkan pada faktor perubahan kebijakan pengetatan biaya landed cost dengan mengunakan data internal dengan tiga indikator utama yaitu: pembelian (purchase), bea masuk (BM) atau import duty dan biaya proses kepabeanan (BPK) atau Custom clearance. Berdasarkan analisis data menggunakan uji analisa ragam (ANOVA) satu arah menunjukkan bahwa terdapat perbedaan signifikan pada biaya landed cost sebelum dan setelah diterapkannya pengetatan biaya dimana hal tersebut dapat dilihat dari nilai Fhitung (28,27) lebih besar dari pada Ftabel (3,68). Ini berarti bahwa penerapan pengetatan biaya landed cost memberikan perbedaan yang signifikan terhadap biaya landed cost setelah penerapan pengetatan biaya. Atau artinya terdapat perbedaan yang signifikan pada biaya landed cost setelah penerapan kebijakan pengetatan biaya pada tahun 2015 dibandingkan dengan sebelum pengetatan biaya diterapkan. Hasil penelitian ini secara keseluruhan menjelaskan bahwa penerapan kebijakan pengetatan biaya memberikan kontribusi besar dalam efisiensi biaya yang akan meningkatkan pendapatan perusahaan dan menjaga kestabilan harga pokok penjualan. Kata kunci: pengetatan biaya, analisis landed cost

ANALISIS KEBIJAKAN DIVIDEN DAN KEMAMPULABAAN TERHADAP NILAI PERUSAHAAN (Studi Kasus pada PT. Tambang Bukit Asam Tbk. dan PT. Timah Tbk.) Yuli Anwar
Jurnal Ilmiah Binaniaga Vol 7, No 01 (2011): June 2011
Publisher : STIE Binaniaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33062/jib.v7i01.279

Intention of research this is the to know dividend policy relation to company value, to know relation profitability to company value and know dividend policy relation and profitability with in simultaneous to company value. Method of analysis and relation measurement and influence between variable in this research by using correlation coefficient, determinant coefficient and regression coefficient. Research Result this is the (a) Dividend policy with proxy dividend per share have relation and influence significant to company value with proxy stocks market value at PT Timah Tbk by significant level 0,0151. but at PT Tambang Bukit Asam Tbk not haves relation and influence significant by significant level 0.4448, caused by factor external that is unfavourable economy condition. b) Profitability with proxy earning per share have relation and influence significant to company value with proxy stocks market value at PT Timah Tbk by significant level 0,0158 but at PT Tambang Bukit Asam Tbk not haves relation and influence significant by significant level 0.4805 , Caused by factor external like unfavourable economy condition. (c) Last dividend policy with proxy dividend share and profitability with proxy earning per share in simultaneous have relation and influence to company value with proxy stocks market value at PT Timah Tbk by significant level 0,0635, but not have relation and influence significant PT Tambang Bukit Asam Tbk by significant level 0,1341, caused by factor external like unfavourable economy condition.Key word: dividend policy, profitability and company value

Analisis Kepuasan Mahasiswa Terhadap Kualitas Pelayanan pada Politeknik kent Bogor Tahun 2009 Yuli Anwar; Syamsul Anwar
Jurnal Ilmiah Binaniaga Vol 5, No 01 (2009): June 2009
Publisher : STIE Binaniaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33062/jib.v5i1.217

Quality and customer satisfaction are closely related, the quality of giving a boost to consumers to establish a very strong bond with the company. In the long term bond like this allows companies to thoroughly understand the expectations which the firm maximizes the consumer’s experience of fun and minimize or eliminate unpleasant experience. Because customer satisfaction in turn can create customer loyalty or loyalty to companies that provide satisfactory service quality. The value of service quality performance variables are 143-286, with the average value of 3.31 or assessment the position is quite satisfied. While the assessment of service expectations variable is between 240-294, with the average value of 3.91 or assessment on the position on an important value. Picture of student satisfaction with the service by the Politeknik KENT Bogor can be seen from the diagram on the Cartesian Quadrant II which containts the attributes that have given satisfaction to the students. These are attributes that must be maintained so that student satisfaction is always achievied (a) The building is owned by adequale, (b) The appearance and comfort of the lobby, (c) Clean and tidy room lecturers, (d) Clean and comfortable classrooms, (e) Officers can provide timel, (f) Officers are always ready willing to help in times of need, (g) the officer did not show the impression busy in welcoming the arrival of students, (h) officers always instill confidence in students, (i) the officer behaved in providing services, and (j) students feel secure to do transactions with the institution.

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