The study aims to examine the effect of the internal control systems as mediating variable in influencing competence of human resource on the quality of financial statement. This is quantitative study that used a questionnaire survey. The subject of this study is Local Government Organizations (LGO) located in Yogyakarta City. Hypotheses testing was conducted by employing Structural Equation Modelling-Partial Leas Square (SEM-PLS) technique. This study revealed that the competence of human resource and internal control system have positive effect on the quality of financial statement of LGOs. In addition, internal control system mediated the relationship between competence of human resource and the quality of Local Government Organizations financial statement. The implications of this study are the local government must maintain and improve the competence of human resources through education and training, thus the internal control system will be encouraged, and the quality of Local Government Organizations financial statement will enhance.
Research aims: This study aims to examine the effect of the size of the board of commissioners, board of directors, audit committee, profitability, and sales growth on the financial distress of mining sector companies listed on the Indonesia Stock Exchange (IDX).Design/Methodology/Approach: This research applied a quantitative approach by choosing the type of associative research. The data were in the form of financial documentation of companies listed on the IDX between 2015 and 2019.Research findings: The results showed that profitability and the audit committee positively affected the low potential of financial distress. Therefore, the greater the profitability of the company and the audit committee could minimize the company experiencing financial distress. On the other hand, sales growth, the board of directors, and the board of commissioners had no significant effect on financial distress.Theoretical contribution/Originality: The results provide an empirical explanation that profitability and the size of the audit committee are essential variables in avoiding financial distress. In addition, other theoretical contributions are the use of agency, signaling, and resource dependency theories to explain the phenomenon of financial distress.Research limitation: This study has several limitations. The population was only mining sector companies, and the types of independent commissioners/boards of directors were not separated. Therefore, this study provides recommendations for future research, i.e., expanding the population, including moderating and/or control variables to avoid bias in the results and include other factors triggering financial distress.
This study aims to examine the effect of executive remuneration and the covid-19 pandemic on firm value. The population of this study are companies listed on the Indonesia Stock Exchange in 2018 - 2020. This research is included in quantitative research and the data used are secondary data. The sampling method of this study uses the purposive sampling method. This study uses panel data regression and is processed using the EViews 10 program. The estimation method used in this study is the Fixed Effect Model (FEM. The results show that remuneration has no significant effect on firm value. However, the Covid-19 pandemic has a significant negative effect on firm value). In addition, the average executive remuneration received during the covid-19 pandemic is greater than the average remuneration received before the Pandemic. However, this average difference is not statistically significant. The implication of this research is that the Covid-19 pandemic resulted in the decline in the firm value in Indonesia, so that investors are more careful in investing in the capital market during the pandemic, and shareholders are more concerned about the remuneration scheme given to executives because there are no significant results that executive remuneration can increase the firm value.Keywords: Covid -19; Firm Value; Remuneration;ABSTRAKPenelitian ini bertujuan untuk menguji pengaruh remunerasi eksekutif dan pandemi covid-19 terhadap nilai perusahaan. Populasi penelitian ini adalah perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2018 – 2020. Penelitian ini termasuk ke dalam penelitian kuantitatif dan data yang digunakan adalah data sekunder. Metode sampling penelitian ini menggunakan metode purposive sampling. Penelitian ini menggunakan regresi data panel dan diolah menggunakan program EViews 10. Metode estimasi yang digunakan penelitian ini adalah Fixed Effect Model (FEM). Hasil penelitian menunjukkan bahwa Remunerasi tidak berpengaruh signifikan terhadap nilai perusahaan. Akan tetapi, Pandemi Covid-19 berpengaruh negatif signifikan terhadap nilai perusahaan. Selain itu, rata – rata remunerasi eksekutif yang diterima saat pandemi covid-19 lebih besar daripada rata-rata remunerasi yang diterima sebelum Pandemi. Akan tetapi selisih rata – rata ini secara statistis tidak signifikan. Implikasi penelitian ini adalah Pandemi Covid-19 mengakibatkan penurunan pada nilai perusahaan di Indonesia, sehingga investor lebih berhati -hati dalam investasi di pasar modal saat pandemi. Serta, shareholder lebih memperhatikan terkait skema remunerasi yang diberikan kepada eksekutif karena tidak ditemukan hasil signifikan bahwa Remunerasi eksekutif dapat meningkatkan nilai perusahaan.Kata Kunci: Covid-19; Nilai Perusahaan; Remunerasi;
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