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DETEKSI FRAUDULENT FINANCIAL REPORTING MENGGUNAKAN FRAUD PENTAGON Carla Carla; Stevanus Pangestu
Ultimaccounting Jurnal Ilmu Akuntansi Vol 13 No 1 (2021): Ultima Accounting : Jurnal Ilmu Akuntansi
Publisher : Universitas Multimedia Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31937/akuntansi.v13i1.1857

Abstract— The purpose of this research is to analyze the effects of variables, which were derived from the Fraud Pentagon framework, on earnings management. Beneish M-Score was used to measure earnings management, which serves as a proxy fraudulent financial reporting. The independent variables consist of financial target, financial stability, external pressure, personal financial need, nature of industry, effective monitoring, change in auditor, change in director, and CEO duality. One hundred and sixteen publicly traded manufacturing companies were examined for the period 2016-2018 (n=348). Our balanced dataset was analyzed using fixed-effects panel regression. Our investigation finds that financial target, external pressure, personal financial need, nature of industry, change in auditor, and CEO duality significantly affect fraudulent financial reporting. Meanwhile, financial stability, ineffective monitoring, and change in director do not significantly affect fraudulent financial reporting. Keywords: Earnings Management; Fraud, Fraud Pentagon; Fraudulent Financial Reporting

DETERMINAN DAN KONSEKUENSI KONSERVATISME AKUNTANSI: MEKANISME CORPORATE GOVERNANCE DAN MANAJEMEN LABA Stephanie Ongki; Stevanus Pangestu
BALANCE: Jurnal Akuntansi, Auditing dan Keuangan Vol 15 No 1 (2018): Jurnal Akuntansi, Auditing dan Keuangan: BALANCE
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (566.387 KB)

This paper attempts to investigate the effects of (i) corporate governance on accounting conservatism, and (ii) accounting conservatism on earnings management. The internal corporate governance mechanisms included were managerial ownership, institutional ownership, audit committee size, and number of independent commissioners. 119 publicly-traded manufacturing corporations were observed for a time period of 5 years (2012-2016, n=595). The data were analyzed using panel regression. This study finds that the number of commissioners negatively affects accounting conservatism, and that accounting conservatism negatively affects earnings management. It is found that the more conservative a firm reports its finances, the less likely the management would manage its earnings. Whereas other variables were found to be insignificant regressors of accounting conservatism.

The Determinants and Consequences of Tax Avoidance in Indonesia: The Effects of Top Management Characteristics and Capital Structure Stevanus Pangestu; Irenius Dwinanto Bimo
Studi Akuntansi dan Keuangan Indonesia Vol 1 No 2 (2018): Studi Akuntansi dan Keuangan Indonesia (SAKI)
Publisher : Universitas Prasetiya Mulya

Tax avoidance is the lawful minimization of income tax by employing legal methods. This study aims to assess the effects of top management characteristics and capital structure on tax avoidance, measured with Effective Tax Rate (ETR). Our panel data comprise public manufacturing corporations, observed from 2010-2015 (n= 452). Based on our panel analysis using random effects model on EView, we find that tax avoidance: (i) is negatively influenced by independent directors (ii) is positively affected by foreign directors; (iii) is influenced by capital structure, measured with firm leverage, and (iv) positively affects current profitability, measured with Return on Equity. Meanwhile, the influence of female directors are found to be nonexistent. We also offer empirical evidence that board of directors’ characteristics influence tax avoidance through financing decisions. The findings of this study suggest that firm capital structure determination is motivated by the intention to avoid taxes. Keywords: board characteristics, capital, structure, leverage, profitability, tax avoidance https://doi.org/10.21632/saki.1.2.94-109

Pengaruh Koneksi Politik terhadap Nilai Perusahaan Non-Keuangan Joseline Joseline; Stanley Frandy; Stevanus Pangestu
Studi Akuntansi dan Keuangan Indonesia Vol 4 No 1 (2021): Studi Akuntansi dan Keuangan Indonesia (SAKI)
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/saki.4.1.68-77

Penelitian ini bertujuan untuk menganalisis pengaruh koneksi politik terhadap nilai perusahaan di perusahaan non-keuangan yang terdaftar di BEI pada periode 2017-2019. Pada penelitian ini, nilai perusahaan sebagai variabel dependen diukur menggunakan Tobin’s Q. Variabel independen dalam penelitian ini adalah koneksi politik yang diukur dengan menggunakan rumus proporsi dewan direksi dan dewan komisaris yang terkoneksi politik. Analisis data ini dilakukan dengan menggunakan teknik regresi data panel pada perangkat lunak EViews 10.0 dengan jumlah sampel sebanyak 186 perusahaan non-keuangan dan dengan tahun penelitian 2017-2019 (n=558). Regresi panel dengan model random effect menunjukkan hasil bahwa koneksi politik memiliki pengaruh signifikan positif terhadap nilai perusahaan.

Consistency of Mobile Payment Usage, Performance, and Financial Inclusion Christiana Fara Dharmastuti; Stevanus Pangestu; Teresia Angelia Kusumahadi
Business and Entrepreneurial Review Vol. 22 No. 2 (2022): October
Publisher : Universitas Trisakti

The development of financial technology impacts different human lives, including business processes. The public increasingly favors mobile payment as a fintech application because of its practicality, ease, and speed. In addition, its application could improve business performance and financial inclusion for business people. This study aims to analyze the consistency of mobile payment usage that will impact tenant performance and financial inclusion, influenced by perceived risk, perceived benefit (return), and brand image of mobile payment. The sample used in this study consisted of 338 respondents who are business people in the Jabodetabek area who use mobile payments.The results showed that perceived benefit and image influence business people to consistently use mobile payments in their business, which will impact business performance and increase their financial inclusion.The managerial implication for fintech companies is to maintain product quality and the benefits of mobile payments. People often ignore the risks of using mobile payments, so fintech companies mustmaintain their performances in terms of information, fraud, and speed of response to reduce consumer risks.

Determinan dan Konsekuensi Pengungkapan Integrated Reporting Merda Moeljadi; Nastashia Angelina; Stevanus Pangestu
Jurnal Akuntansi Bisnis Vol 20, No 2: September 2022
Publisher : Universitas Katolik Soegijapranata Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24167/jab.v20i2.4635

Penelitian ini bertujuan untuk menganalisis determinan dan konsekuensi pengungkapan integrated reporting. Sampel diambil dari 103 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia selama tahun 2017-2019 (n=309). Penelitian ini terdiri dari dua model, di mana model pertama menguji determinan-determinan yang memengaruhi sebuah perusahaan untuk mengungkapkan elemen-elemen integrated reporting pada pelaporan perusahaan, kemudian model kedua menguji konsekuensi dari pengungkapan elemen-elemen integrated reporting tersebut, spesifiknya pada nilai perusahaan yang diukur dengan rasio price-to-book value. Pengungkapan sesuai kerangka integrated reporting dilakukan dengan mencantumkan delapan elemen integrated reporting yang diterbitkan oleh International Integrated Reporting Council pada annual report. Hasil analisis penelitian menunjukkan bahwa variabel ukuran perusahaan berpengaruh positif terhadap pengungkapan integrated reporting, dan variabel integrated reporting berpengaruh positif terhadap nilai perusahaan. Sedangkan variabel leverage, komisaris independen, dan kepemilikan institusional tidak berpengaruh terhadap pengungkapan integrated reporting

PENGARUH MODAL INTELEKTUAL TERHADAP KINERJA KEUANGAN PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA [THE IMPACT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORMANCE OF PUBLICLY LISTED INDONESIAN MANUFACTURING COMPANIES] Michele Angeline Dharma; Stevanus Pangestu
Jurnal Penelitian Akuntansi (JPA) Vol 1, No 2 (2020): Oktober
Publisher : Universitas Pelita Harapan

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AbstrakTujuan dari penelitian ini ialah untuk menganlisis pengaruh modal intelektual terhadap kinerja keuangan yang diukur dengan rasio return on assets. Dalam mengukur modal intelektual, penulis mengadopsi model Modified Value-Added Intellectual Component (MVAIC) yang mana komponennya terdiri atas human capital, structural capital, relational capital, dan capital employed. Sampel penelitian terdiri dari 59 perusahaan manufaktur terbuka yang diobservasi dari tahun 2015 hingga 2018 (n=236). Dataset dianalisis menggunakan regresi panel efek tetap pada Eviews. Berdasarkan hasil regresi, dapat disimpulkan bahwa human capital, structural capital, dan capital employed berpengaruh positif signifikan terhadap kinerja keuangan. Sedangkan relational capital tidak berpengaruh terhadap kinerja keuangan. Kata kunci: intellectual capital, human capital, structural capital, relational capital, kinerja keuangan AbstractThe purpose of this research is to analyze the influence of intellectual capital on financial performance, which was measured with the return on assets. The components of intellectual capital follow the Modified Value-Added Intellectual Component (MVAIC) model, which consists of Human Capital, Structural Capital, Relational Capital, and Capital Employed. This study uses a sample of fifty-nine publicly listed Indonesian manufacturing companies, which were examined for the period of 2015 – 2018 (n=236). The dataset was analyzed using fixed effect panel regression on Eviews econometrics package. Based on our regression, we find that human capital, structural capital, and capital employed positively impact financial performance. Meanwhile relational capital does not significantly influence financial performance. Keywords: intellectual capital, human capital, structural capital, relational capital, financial performance

Manajemen Laba pada Periode Initial Public Offering dan Dampaknya pada Persistensi Laba Hansen Halim; Stevanus Pangestu
E-Jurnal Akuntansi Vol 30 No 11 (2020)
Publisher : Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EJA.2020.v30.i11.p16

The paper examinse whether Indonesian corporations manage their earnings through real activities and accrual accounting during their initial public offerings. We also investigate the effect of this IPO earnings management on earnings persistence in the subsequent period. Seventy-three non-financial IPOs during 2014-2017 were taken as research sample. Afer a series of statistical analyses, we find that companies that went public committed both real and accrual earnings management to inflate income figures in their IPO year. Furthermore, we also find that accrual earnings management negatively affects earning persistence, whereas real earnings management positively affects earnings persistence. Keywords: IPO; Earnings Management; Earnings Persistence, Go Public.

DETERMINAN DAN KONSEKUENSI KONSERVATISME AKUNTANSI: MEKANISME CORPORATE GOVERNANCE DAN MANAJEMEN LABA Ongki, Stephanie; Pangestu, Stevanus
BALANCE: Jurnal Akuntansi, Auditing dan Keuangan Vol. 15 No. 1 (2018): BALANCE: Jurnal Akuntansi, Auditing dan Keuangan
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

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

This paper attempts to investigate the effects of (i) corporate governance on accounting conservatism, and (ii) accounting conservatism on earnings management. The internal corporate governance mechanisms included were managerial ownership, institutional ownership, audit committee size, and number of independent commissioners. 119 publicly-traded manufacturing corporations were observed for a time period of 5 years (2012-2016, n=595). The data were analyzed using panel regression. This study finds that the number of commissioners negatively affects accounting conservatism, and that accounting conservatism negatively affects earnings management. It is found that the more conservative a firm reports its finances, the less likely the management would manage its earnings. Whereas other variables were found to be insignificant regressors of accounting conservatism.

Herding Behavior in Indonesian Investors Sumani; Fransiska, Maria; Willy; Pangestu, Stevanus
International Research Journal of Business Studies Vol. 11 No. 2 (2018): August-November 2018
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.11.2.129-143

This research attempts to investigate the herding behavior of the companies that invested in IDX LQ45 Index during 2014 through 2016. Herd behavior is the tendency of investors to follow other investors’ actions in the market. LQ45 was chosen as it comprises the most heavily-traded stocks of the Indonesian Stock Exchange. This research used Vector Autoregressive model to determine the effects of size and market return on the herding behavior. The Granger causality test suggests that there are dynamic interactions: (i) between size and herding behavior; and (ii) between market return and herding behavior. In addition, Variance Decomposition and Impulse Response reveal that market capitalization (size) has variable of the greater role in defining herding behavior, compared to that of market return.

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