Articles
Are Sustainability Disclosure and Tax Avoidance Associated With Firm Risk?
Syafrudin Bachtiar Ramadhani;
Amrie Firmansyah
AFEBI Accounting Review Vol. 7 No. 2 (2022): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia
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Financial and non-financial information issued by the company can be used as material for investment analysis by investors in the capital market. This study examines the effect of sustainability disclosure and tax avoidance on firm risk. Research data is sourced from financial reports, annual reports, sustainability reports and information on share prices of mining sector companies listed on the Indonesia Stock Exchange for the period 2017 to 2020. Data obtained from www.idx.co.id, www.idnfinancials.com, www.finance.yahoo.com, and the company's official website. Based on purposive sampling, the total sample used in this study amounted to 56 observations. Hypothesis testing is conducted by using multiple linear regression analysis for panel data. This study suggests that sustainability disclosure is positively associated with corporate risk, while tax avoidance is not associated with firm risk. This research indicates that the Financial Services Authority needs to monitor company activities and policies that can increase company risk to improve investor protection in the Indonesian capital market.
The Association Between Tax Aggressiveness, Sustainability Disclosure and Cost of Equity
Amrie Firmansyah;
Novelyn Debora Sinaga
AFEBI Management and Business Review Vol. 7 No. 2 (2022): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia
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Companies that have a high cost of capital show high risk. Investors expect a higher rate of return to compensate for the investors they will bear. This study examines whether sustainability disclosure and tax aggressiveness affect the equity cost. The research data were obtained from company financial statements, annual reports, and sustainability reports of non-financial sector companies listed in the 50 companies with market capitalization from 2017 to 2020. Data sourced from www.idx.co.id, www.idnfinancial.com and the company's official website. Based on purposive sampling, the total sample used in this study amounted to 108 observations. Hypothesis testing is conducted by using multiple linear regression analysis for panel data. The results suggest that the disclosure of sustainability is negatively associated with the cost of equity, while tax aggressiveness is positively associated with the cost of equity. This research indicates that the Indonesia Financial Services Authority needs to increase supervision over the implementation of sustainability carried out by listed companies.
Dampak Penerapan PSAK 73 Terhadap Nilai Perusahaan Di Indonesia: Aset Hak Guna Dan Utang Sewa
Dadi Heryana;
Sofiana Dewi;
Amrie Firmansyah
Jurnalku Vol 3 No 2 (2023)
Publisher : PT Wim Solusi Prima
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DOI: 10.54957/jurnalku.v3i2.382
Peningkatan nilai aset dan liabilitas sebagai implikasi penerapan PSAK 73 merupakan indikasi bagi investor dalam menilai kondisi keuangan perusahaan. Penelitian ini bertujuan untuk menguji pengaruh aset hak guna dan utang sewa akibat penerapan PSAK 73 terhadap nilai perusahaan. Penelitian ini menggunakan data perusahaan non keuangan yang terdaftar di Bursa Efek Indonesia yang memiliki informasi aset hak guna dan utang sewa di tahun 2020. Data penelitian bersumber dari laporan keuangan yang diperoleh dari www.idx.co.id dan harga saham yang diperoleh dari www.finance.yahoo.com. Berdasarkan purposive sampling, sampel yang digunakan dalam penelitian ini berjumlah 50 observasi. Pengujian hipotesis dilakukan dengan menggunakan regresi linear berganda untuk data cross-section. Hasil penelitian ini menunjukkan bahwa informasi aset hak guna berpengaruh positif terhadap nilai perusahaan, sedangkan utang sewa berpengaruh negatif terhadap nilai perusahaan. Penelitian ini memberikan literatur tambahan terkait dengan penerapan PSAK 73 di Indonesia terkait dengan respon investor di pasar modal.
Dampak Penerapan PSAK 71 Terhadap Tingkat Profitabilitas Perusahaan Perbankan Di Indonesia
Agrizal Zeeta Harindra;
Hana Kurnia Shoba;
Amrie Firmansyah
Akuntansiku Vol 2 No 2 (2023)
Publisher : PT WIM Solusi Prima
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DOI: 10.54957/akuntansiku.v2i2.379
Penelitian ini bertujuan untuk menguji secara empiris penerapan PSAK 71 terhadap tingkat profitabilitas perusahaan perbankan di Indonesia. Penerapan PSAK 71 dalam penelitian menyoroti cadangan kerugian penurunan piutang (CKPN) yang dihitung dengan menggunakan forward looking. Perhitungan ini berbeda dengan standar akuntansi keuangan sebelumnya yang menggunakan backward looking. Penelitian ini dilakukan dengan metode kuantitatif dan menggunakan data sekunder berupa laporan keuangan perusahaan perbankan yang terdaftar di Bursa Efek Indonesia tahun 2019 dan tahun 2020. Penggunaan data tahun 2019 bertujuan untuk membandingkan hasil pengujian sebelum penerapan PSAK 71. Berdasarkan purposive sampling, sampel penelitian ini berjumlah 74 observasi. Pengujian hipotesis dilakukan dengan menggunakan regresi linear berganda untuk data cross section. Hasil penelitian menunjukkan bahwa CKPN berpengaruh positif terhadap tingkat profitabilitas perusahaan. Hasil pengujian ini berbeda sebelum penerapan PSAK 71 bahwa CKPN tidak berpengaruh terhadap tingkat profitabilitas perusahaan. Penelitian ini memberikan tambahan literatur atas penerapan standar akuntansi keuangan yang baru di Indonesia khususnya yang berdampak pada perusahaan perbankan.
Dampak Penerapan PSAP 16 Pada Perjanjian Konsesi Jasa Badan Pengatur Jalan Tol Kementerian Pekerjaan Umum Dan Perumahan Rakyat
Firda Wasyiah;
Naufal Fikri Hamdani;
Amrie Firmansyah
Akuntansiku Vol 2 No 2 (2023)
Publisher : PT WIM Solusi Prima
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DOI: 10.54957/akuntansiku.v2i2.380
Penelitian ini bertujuan untuk mengulas dampak penerapan PSAP 16 pada Badan Pengatur Jalan Tol (BPJT). Metode yang digunakan dalam penelitian ini adalah metode penelitian kualitatif dengan pendekatan analisis isi. Penelitian ini menggunakan data yang bersumber dari Laporan Keuangan Pemerintah Pusat Tahun 2021, Laporan Keuangan Kementerian Lembaga Kementerian Pekerjaan Umum dan Perumahan Rakyat audited Tahun 2021, data inventarisasi yang dihimpun langsung dari BPJT, serta Laporan Keuangan PT Pembangunan Perumahan (Persero) Tbk Tahun 2020. Penelitian ini menyimpulkan bahwa BPJT sudah mulai menerapkan PSAP 16 dan telah melakukan identifikasi serta inventarisasi daftar aset konsesi jasa Badan Usaha Jalan Tol (BUJT) seluruh perjanjian konsesi jasa jalan tol baik yang telah beroperasi maupun yang masih dalam proses pembangunan. Namun, masih belum seluruhnya dapat diidentifikasi dan diinventarisasi karena terkendala baik kendala teknis maupun administratif. Seluruh perjanjian konsesi jasa yang ada pada BPJT merupakan perjanjian konsesi jasa dengan skema pemberian hak usaha kepada mitra sehingga sesuai dengan PSAP 16, BPJT perlu mencatat pengakuan kewajiban sebagai tangguhan dari pendapatan yang timbul dari pertukaran aset antara pemberi konsesi dan mitra. BPJT juga perlu mengakui pendapatan dan mengurangi kewajiban (pendapatan tangguhan) berdasarkan substansi ekonomi dari perjanjian konsesi jasa. Penelitian ini diharapkan dapat dijadikan sebagai salah satu bahan literatur untuk melakukan analisis perbandingan implementasi perjanjian konsesi yang dilakukan pada bidang yang lain, karena pada penelitian ini hanya membahas terkait bidang jalan tol. Selain itu, penelitian ini juga dapat dijadikan sebagai bahan pertimbangan bagi regulator terkait dalam menyusun dan menerapkan PSAP 16 pada laporan keuangan instansi pemerintah.
Risk Disclosure and Earnings Quality in Indonesia Banking Industries: Fair Value, Diversification, Financial Stability
Javier Reynold Prisadi;
Amrie Firmansyah
Riset Akuntansi dan Keuangan Indonesia Vol 7, No 3 (2022): Riset Akuntansi dan Keuangan Indonesia
Publisher : Universitas Muhammadiyah Surakarta
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DOI: 10.23917/reaksi.v7i3.18410
High earnings quality can reflect a company’s actual performance. Stakeholder needs high earnings quality as earnings information is used for decision-making by stakeholder. This study investigates the effect of fair value, diversification, and financial stability on earnings quality and the roles of risk disclosure in moderating these effects. This study employs secondary data sourced from annual reports available at www.idx.com. The sample used in this study is bank companies from 2016 to 2020. Using purposive sampling, the sample obtained in this study was 180 observations. The research data were analyzed using multiple linear regression for panel data. This study suggested that fair value does not affect earnings quality. Other than that, diversification positively affects earnings quality while financial stability negatively affects earnings quality. Furthermore, risk disclosure failed to moderate the effect of fair value, diversification, and financial stability on earnings quality. This study indicates that the Indonesian Financial Services Authority needs to regulate the bank's diversification and risk disclosure policies. Moreover, the Indonesian Financial Services Authority should maintain and improve the bank’s financial stability policies.
Does Intellectual Capital Have A Moderating Role in The Association Between Tax Avoidance and Firm Value?
Raja Pranatha Doloksaribu;
Farhan Hadiantoro;
Amrie Firmansyah
SUBSTANSI Vol 6 No 2 (2022): JURNAL SUBSTANSI
Publisher : Politeknik Keuangan Negara STAN
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DOI: 10.35837/subs.v6i2.2074
This study examines the effect of companies' tax avoidance on firm value by using intellectual capital as a moderating variable during the Covid-19 pandemic. The sample for this study used companies in the consumer goods industry sector listed on the IDX during the Covid-19 pandemic. The secondary data is sourced from the company's financial and annual reports for 2020 and 2021. The sample was determined using the purposive sampling method with 52 samples. The study results show that the company's tax avoidance during the Covid-19 pandemic did not affect the firm value. This study also concludes that the intellectual capital owned by the company does not moderate the effect of tax avoidance on firm value. This research indicates that investors in Indonesia only consider the profitability performance of companies in investing during the Covid-19 pandemic.
Penerapan PSAK 73 atas Profitabilitas, Struktur Modal dan Tangibility pada Perusahaan
Andreas Paskalis Ginting;
Made Dwi Cahaya Permana;
Amrie Firmansyah
Studi Akuntansi dan Keuangan Indonesia Vol 5 No 2 (2022): Studi Akuntansi dan Keuangan Indonesia (SAKI)
Publisher : Universitas Prasetiya Mulya
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DOI: 10.21632/saki.5.2.259-273
This study examines the impact of applying lease accounting before and after implementing PSAK 73 in Indonesia. PSAK 73 is the adoption of IFRS 16, which took effect on January 1, 2020. This study uses a quantitative method approach using secondary data in the form of data and information sourced from the annual financial reports of 52 companies in the infrastructure sector listed on the Indonesia Stock Exchange in 2019 and 2020. Data research was obtained from Indonesia Stock Exchange (IDX). The comparison focus before and after the implementation of PSAK 73 is profitability, capital structure, and tangibility. Testing the hypothesis in this study used a paired sample t-test for paired data. This study concludes that applying PSAK 73 does not result in differences in the profitability, capital structure, and tangibility of infrastructure companies in Indonesia.
Local Government Dependence, Capital Expenditure, and Transparency Level: Moderating Role of Local Government Size
Danang Andrian Mubarok;
Ni Wayan Sintya Galuh Paramita;
Amrie Firmansyah
SUBSTANSI Vol 7 No 1 (2023): JURNAL SUBSTANSI
Publisher : Politeknik Keuangan Negara STAN
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DOI: 10.35837/subs.v7i1.2073
Research objective: this research aims to examine the influence of local governments dependence and capital expenditure on the local government's transparency level including the influence of local government's size as moderating variable in the association. Method: According to the purposive sampling technique, the sample selected in the study is nine local governments in Bali. The data were collected by accessing the local government's official website to search for financial information from 2016 to 2020. Hypothesis testing was conducted by multiple regression analysis for panel data. Research finding: the results show that local government dependence and capital expenditure negatively affect local government transparency while local government size has no moderating effect on the relationship between variables. Practical implication: this study suggests that the Indonesian Ministry of Home Affairs should enhance the supervision for improving the local governments’ financial information transparency.
Earnings Management and Firm Value: Moderating Role of Independent Commissioner in Indonesia
Dinar Limarwati;
Yola Sri Ratna Alfiyani;
Amrie Firmansyah
SUBSTANSI Vol 7 No 1 (2023): JURNAL SUBSTANSI
Publisher : Politeknik Keuangan Negara STAN
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DOI: 10.31092/subs.v7i1.2105
Research objective: this study examines the empirical effect of earnings management on firm value and the moderating role of independent commissioner in relationship between earnings management and firm value. Method: this study employs data derived from financial statements of technology sector companies listed on the Indonesia Stock Exchange in the 2020 and 2021 periods. The data is sourced from www.idx.co.id. This study uses quantitative research methods. Based on purposive sampling, the number of samples used in this study is 34 observations. Research finding: the study results suggest that earnings management is negatively associated with firm value, while independent commissioner does not have a moderating role in the relationship between earnings management and firm value. Practical implication: this research is expected to contribute to investment policymaking in the technology sector in Indonesia.