Owner : Riset dan Jurnal Akuntansi
Owner (Riset dan Jurnal Akuntansi) adalah jurnal akademik yang berlandaskan nilai nilai keilmiahan. Owner diterbitkan 2 kali dalam setahun dengan periode Februari dan Agustus dipublikasikan oleh Program Studi Akuntansi Perguruan Tinggi Politeknik Ganesha Medan. Ruang Lingkup : Akuntansi Keuangan; akuntansi biaya; Pajak; Audit; Sistem informasi akuntansi; Pendidikan akuntansi; Akuntansi lingkungan dan sosial; Akuntansi untuk organisasi nirlaba; Akuntansi sektor publik; Tata kelola perusahaan: akuntansi / keuangan; Masalah etika dalam akuntansi dan pelaporan keuangan; Keuangan perusahaan; Investasi, derivatif; Perbankan; Pasar modal.
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<![CDATA[Pengaruh Cash holding dan Financial leverage terhadap Income smoothing pada Perusahaan Sektor Makanan dan Minuman di Bursa Efek Indonesia Periode Pascapandemi COVID-19 ]]>
<![CDATA[Muhammad Akbar Widya Putra]]>;
<![CDATA[Oryza Tannar]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3546
<![CDATA[The post-pandemic economic recovery period of 2022–2024 has heightened uncertainties in corporate earnings stability, particularly within Indonesia's food and beverage sector. This study examines the effect of cash holding and financial leverage on income smoothing practices among food and beverage companies listed on the Indonesia Stock Exchange during that period. Grounded in agency theory and signaling theory, this research argues that both variables may create incentives for management to engage in earnings-smoothing behavior. A quantitative approach was employed using secondary data from annual audited financial reports. Purposive sampling yielded 47 companies, resulting in 141 firm-year observations over three years. Income smoothing was measured using the Eckel Index, cash holding was proxied by the ratio of cash and cash equivalents to total assets, and financial leverage was measured by the ratio of total debt to total assets. Binary logistic regression was applied using IBM SPSS 27. Results of the simultaneous test indicate that cash holding and financial leverage jointly influence income smoothing (sig. 0.049). Partially, cash holding has a significant negative effect on income smoothing (sig. 0.024), suggesting that higher cash reserves reduce the likelihood of earnings-smoothing practices. Financial leverage, however, shows no significant effect (sig. 0.142), indicating that debt pressure alone does not drive income smoothing in this sector during the post-pandemic recovery. These findings underscore the importance of strengthening corporate governance and transparency to safeguard the credibility of financial reporting.]]>
<![CDATA[Pengaruh Debt to Equity Ratio, Return on Assets, dan Current Ratio terhadap Harga Saham ]]>
<![CDATA[Hilmi Naufal Yasir]]>;
<![CDATA[Erwin Budianto]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3550
<![CDATA[Stock prices in the food and beverage sector are influenced by fundamental financial performance, yet prior studies have shown inconsistent findings regarding the role of capital structure, profitability, and liquidity in explaining stock price movements. This study aims to examine the determinants of stock prices of food and beverage companies listed on the Indonesia Stock Exchange during 2021–2024 by emphasizing the role of Debt to Equity Ratio, Return on Assets, and Current Ratio within the post-pandemic market recovery context. Using a quantitative approach and multiple linear regression analysis, this study analyzed 56 observational data obtained from 14 selected companies through purposive sampling. The findings reveal that Return on Assets has a positive and significant effect on stock prices, while Debt to Equity Ratio and Current Ratio do not have significant partial effects. Simultaneously, the three financial ratios significantly influence stock prices. This study contributes to strengthening fundamental analysis and signaling theory by demonstrating that profitability remains the most relevant signal considered by investors in assessing firm value within Indonesia’s food and beverage sector. The findings also provide practical implications for investors to prioritize profitability indicators in investment decision-making, while companies are encouraged to improve asset efficiency to enhance market valuation..]]>
<![CDATA[Determinasi Profitabilitas Perusahaan Batu Bara: Peran Working Capital Turnover, Likuiditas, dan Struktur Modal ]]>
<![CDATA[Aulia Rahman]]>;
<![CDATA[Wiwin Aminah]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3556
<![CDATA[This study examines the effects of working capital turnover, liquidity, also capital structure on the profitability of coal industry corporations listed on the IDX during 2021-2024. Previous studies have produced mixed findings and provided limited empirical evidence, particularly in the coal industry. Profitability, as a crucial metric of financial performance, may be influenced by how effectively companies manage working capital, liquidity, and determine their financing structure. In addition, Challenges facing the coal business include price volatility also regulatory changes that might affect profitability. All coal-related businesses that were listed on the IDX throughout the study period make up the population. Purposive sampling was used to choose 29 businesses, yielding 116 firm-year observations from companies that consistently published annual reports between 2021 and 2024. This investigation uses a quantitative methodology also secondary data from official IDX publications also yearly reports. Panel data regression using EViews 13 was used to examine the data after traditional assumption testing. The findings show that capital structure, liquidity, and working capital turnover simultaneously affect profitability at the same time. While working capital turnover and liquidity have little bearing on profitability, capital structure has a somewhat negative impact. These results imply that higher capital structure levels may reduce profitability. This research enriches the literature by offering updated empirical findings and emphasizing capital structure as a key determinant of profitability in the coal industry.]]>
<![CDATA[Pengaruh Green Accounting Dan CSR Disclosure Terhadap Nilai Perusahaan ]]>
<![CDATA[Julianah]]>;
<![CDATA[Paniran]]>;
<![CDATA[Sri Intan Purnama]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3564
<![CDATA[This study aims to analyze the influence of Green Accounting and CSR Disclosure on company value with profitability as a mediating variable. The approach used is causal associative quantitative with secondary data obtained from the company's financial statements and sustainability reports. The sampling technique used purposive sampling so that 60 observations from 12 food and beverage companies were obtained. Data analysis was carried out using panel data regression with the help of the EViews application. The results of the study show that Green Accounting has no effect on the company's value. CSR Disclosure has also not had an effect on the company's value, which shows that social responsibility disclosure is not yet a top consideration for investors. In addition, profitability has not been able to affect the value of the company. In the mediation variable test, Green Accounting has no effect on profitability, while CSR Disclosure has an effect on the company's profitability. However, profitability has not been able to mediate the influence of Green Accounting and CSR Disclosure on company value. Thus, only CSR Disclosure has an effect on profitability, while other variable relationships do not show significant influence]]>
<![CDATA[Intellectual Capital, Corporate Social Responsibility, and Good Corporate Governance Effects on Stock Price Performance in the Indonesian Banking Sector ]]>
<![CDATA[Abdul Salam]]>;
<![CDATA[Tiara Dwi Aryanti]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3569
<![CDATA[This study investigates the effects of CSR and GCG on stock price performance, with Intellectual Capital (IC) serving as a mediating variable in Indonesian banking sector listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. Grounded in Stakeholder and Signaling Theory, the Resource-Based and Knowledge-based view. The study argues that sustainability and governance practices enhance market value through the development of strategic knowledge-based resources. A quantitative explanatory research design was employed using panel data collected from 10 banking firms, selected through purposive sampling. The data were analyzed, used panel data regression and Sobel mediation tests implemented in STATA version 17. The findings indicate that CSR and GCG don’t exert a significant direct impact on stock price performance, suggesting that investors do not immediately translate sustainability and governance initiatives into market valuation. In contrast, IC demonstrates a positive and significant impact on stock price performance, highlighting its role as a critical intangible asset and a source of sustainable competitive advantage. Furthermore, both CSR and GCG significantly contribute and the enhancement of IC through the strengthening of human, structural, and relational capital. Mediation analysis affirm that IC fully mediates the relationships between CSR and stock price performance as well as between GCG and stock price performance. These findings underscore the strategic importance of IC as the primary mechanism through which sustainability and governance practices create market value and improve stock market performance in the banking sector.]]>
<![CDATA[Fenomenologi Mental Accounting Dalam Pengelolaan Keuangan Rumah Tangga Pada Masyarakat Kota Sampit ]]>
<![CDATA[Wukuf Dilvan Rafa]]>;
<![CDATA[Anggun Permata Husda]]>;
<![CDATA[Syarbini Ikhsan]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3578
<![CDATA[This exploratory qualitative research using a phenomenological approach aims to uncover the role of accounting implementation and the contribution of mental accounting in household financial management practices in the community of Kota Sampit. The phenomenon of financial failure in households, which often triggers high divorce rates due to economic motives, is a crucial background for this study. Data were collected through in-depth interviews with five married informants with varying occupational backgrounds and income sources. Data analysis was conducted using non-statistical methods including data reduction, data presentation, and conclusion drawing. The results show that the application of accounting principles in the form of consistent cash flow recording has a direct positive impact on economic growth and family stability. Families that make financial decisions based on financial records have a clear planning direction, experience an improved quality of life, and are able to anticipate unnecessary consumptive expenses. Conversely, financial management that relies purely on intuition without record-keeping is prone to wasteful behavior and dependence on digital debt (paylater). Furthermore, the construction of mental accounting, manifested through the classification of budget items and psychological flexibility in revising expenses, has proven to act as an effective early warning system. Amid economic uncertainty caused by logistical constraints and global inflationary pressures, mental accounting skills are a lifeline for people's purchasing power and maintain household harmony. Self-control, practical accounting literacy, and transparency between husband and wife are key factors in creating strong family financial resilience.]]>
<![CDATA[PENGARUH LITERASI KEUANGAN TEKNOLOGI DAN ORIENTASI KEWIRAUSAHAAN TERHADAP KINERJA KEUANGAN UMKM DIMEDIASI KEUNGGULAN BERSAING ]]>
<![CDATA[Ana Tasya Fitriani]]>;
<![CDATA[Wida Purwidianti]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3625
<![CDATA[This study investigates the effects of financial literacy, technology adoption, and entrepreneurial orientation on the financial performance of Micro, Small, and Medium Enterprises (MSMEs), while also examining the mediating role of competitive advantage in the Purwokerto area. A quantitative research design with an associative approach was employed to explore the relationships among the proposed variables. The study involved 120 MSME owners selected through purposive sampling based on specific eligibility criteria. The collected data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM), which enabled the assessment of both the direct effects among variables and the indirect effects through competitive advantage. The analysis reveals that financial literacy, technology adoption, and entrepreneurial orientation each contribute positively and significantly to the development of competitive advantage as well as to the improvement of MSMEs' financial performance. In addition, competitive advantage demonstrates a significant positive effect on financial performance. The findings further indicate that competitive advantage serves as an effective mediating variable, strengthening the influence of financial literacy, technology adoption, and entrepreneurial orientation on financial outcomes. These results emphasize that improving financial knowledge, encouraging the effective utilization of digital technology, and cultivating a strong entrepreneurial mindset are essential strategies for enhancing the competitiveness and financial sustainability of MSMEs in Purwokerto. The study also provides practical insights for business owners and policymakers by highlighting the importance of integrating managerial competencies with sustainable competitive strategies to achieve better financial performance in an increasingly dynamic and digital business environment.]]>
<![CDATA[Profitabilitas, Leverage, dan Kepemilikan Institusional: Efek Moderasi Ukuran Perusahaan terhadap Nilai Perusahaan ]]>
<![CDATA[Sagita Charolina Sihombing]]>;
<![CDATA[Dina Agnesia Sihombing]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3653
<![CDATA[This study aims to analyze the effect of profitability (ROA), institutional ownership (KI), and leverage (DAR) on firm value (PBV) with firm size (Size) as a moderating variable. The population is primary consumer goods sector companies listed on the Indonesia Stock Exchange. Using purposive sampling, 28 companies were selected as samples during the 2018-2023 period (total 168 observations). The analysis technique used is panel data regression with the Fixed Effect Model (FEM) estimated using robust standard errors to address heteroscedasticity and autocorrelation. The results show that profitability (ROA) and leverage (DAR) have a positive and significant effect on firm value, while institutional ownership (KI) and firm size (Size) have no significant effect. In the moderation test, firm size proves to strengthen the effect of profitability on firm value but fails to moderate the effect of institutional ownership and leverage on firm value. These findings indicate that investors prioritize the company's ability to generate profits and manage debt over institutional ownership mechanisms when assessing firm value, particularly in the defensive sector in developing markets such as Indonesia.]]>
<![CDATA[Pengaruh Koneksi Politik & Leverage Terhadap Manajemen laba Pada Perusahaan KOMPAS100: Peran Jumlah Direksi Dan Komisaris Sebagai Variabel Kontrol ]]>
<![CDATA[Raisha Putri]]>;
<![CDATA[Ali Riza Fahlevi]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3655
<![CDATA[This research investigates the influence of political connections and leverage on earnings management, with the number of directors and commissioners included as control variables in firms listed on the KOMPAS100 index of the Indonesia Stock Exchange over the 2021–2024 period. A quantitative approach with a causal associative design is applied to examine the causal relationships among variables using panel data regression analysis with a Fixed Effect Model (FEM) processed using EViews 14 software. The sample comprises 47 firms with a total of 188 firm-year observations after excluding outliers. Earnings management is proxied by discretionary accruals estimated using the Modified Jones Model, derived from the difference between total accruals and non-discretionary accruals based on adjusted changes in revenue, receivables, and property, plant, and equipment. Political connections are measured through a dummy variable indicating politically connected individuals within the corporate structure, while leverage is proxied by the Debt to Equity Ratio (DER). The findings reveal that political connections do not significantly affect earnings management, whereas leverage has a significant impact. The number of directors and commissioners as control variables is also statistically significant. These results suggest that corporate governance mechanisms play a more dominant role in explaining earnings management in KOMPAS100 firms than political connections and capital structure.]]>
<![CDATA[Efektivitas Komisaris Independen dalam Memoderasi Pengaruh Karakteristik Direksi terhadap Manajemen Laba ]]>
<![CDATA[Adila Pranoto Putri]]>;
<![CDATA[Lia Uzliawati]]>
<![CDATA[ Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 3 (2026): Periode Juli 2026 ]]>
Publisher : <![CDATA[Politeknik Ganesha Medan ]]>
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DOI: 10.33395/owner.v10i3.3759
<![CDATA[This study examines the effects of narcissistic directors and director tenure on earnings management, and investigates whether independent commissioners moderate these relationships. Using panel data from 39 basic materials firms listed on the Indonesia Stock Exchange during 2020–2024 (195 firm-year observations), this study employs panel regression analysis. The results show that narcissistic directors positively affect earnings management, whereas director tenure has no significant effect. The findings also reveal that independent commissioners weaken the positive effect of narcissistic directors on earnings management, but do not moderate the relationship between director tenure and earnings management. These results suggest that psychological characteristics of directors play a more prominent role in shaping earnings management than structural characteristics such as tenure. This study contributes to the Upper Echelons Theory literature by showing that the influence of top executives on financial reporting quality is contingent on governance effectiveness, particularly the monitoring role of independent commissioners. The findings provide practical implications for firms and regulators to strengthen board oversight, especially in monitoring executives with strong self-enhancement tendencies.]]>
