Banyak perusahaan yang menutupi kondisi yang sebenarnya yang kurang baik dengan melakukan manipulasi laporan keuangan. Harus ada upaya preventif untuk menanggulangi permasalahan fraud dengan menggunakan metode pendeteksian fraud. Maka dari itu dibuatnya model baru untuk mendeteksi fraud yaitu S.C.C.O.R.E atau biasa disebut dengan fraud hexagon. Penelitian ini bertujuan untuk melihat pengaruh komponen fraud hexagon dalam pendeteksian kemungkinan terjadinya fraudulent financial statement. Teori dasar yang dipakai dalam penelitian ini adalah teori agensi dan fraud hexagon. Metode pengambilan sampel adalah metode purposive sampling dan hipotesis diuji dengan pengujian asumsi klasik, dan uji persamaan regresi berganda. Hasil penelitian menunjukan bahwa change in director berpengaruh positif terhadap kemungkinan terjadinya fraudulent financial statement. Sedangkan nature of industry berpengaruh negatif terhadap kemungkinan terjadinya fraudulent financial statement. Namun financial stability, state-owned enterprises, change in auditor, jumlah foto CEO pada laporan tahunan perusahaan tidak terbukti berpengaruh terhadap kemungkinan terjadinya fraudulent financial statement.
The aim of every company is to earn profit and increase the firm value. When the firm values optimal, the prosperity of its shareholders also increase. Financial statements are one of communicatin media to its users regarding the firm performances. In an effort to enhance the firm value, management tends to deliberately perform certain accounting method, called Earnings Management. Earnings management is done so that the company’s financial statement looks good and healthy in a certain period, although it will cause a decrease in the firm value in the future. One way that can be used to reduce earnings management is to implement good corporate governance. This study aims to determine the effect of earnings management in company value which is moderated by independent commissioners and institusional ownership. The object of this study consist of 90 manufacturing companies listed on the Indonesia Stock Exchange for the period of 2016 – 2018. The sampling techinques was done by purposive sampling. The data analysis method to be used are descriptive statistical analysis, simple regression analysis, moderated regression analysis, classical assumption tests, and goodness of fit test. The results of this study indicate that earnings management is proven to have a negative effect on the firm value, independent commissioners are proven to weaken the effect of earnings management on the firm value, and institutional ownership are proven to weaken the effect of earnings management on the firm value.
<p><em>Many companies had adopted but there is a differences on the quality of the accounting report that were created before and after the adoption that has not been studied by academics, because of this researcher wants to investigate whether there are any differences in value relevance of accounting information before and after the full adoption of IFRS. Based on regulation theory, signalling theory, market efficient theory and clean surplus theory. The gap between action that were taken by management and the will of shareholders could possibly happen when the asymmetric information disrupt the capability of investor to supervise managerial level and lead the investor to make a wrong decision. Samples of this study consisted of 16 companies that are part of LQ 45 Index of Indonesia Stock Exchange. Purposive Sampling method is used to take the sample. The data analysis technique used to test the hypothesis is Chow Test. Chow test shows F value (0.57985) is smaller than F table (2.71). Then, in testing of the coefficient of determination, which the value of adjusted R<sup>2</sup> before the full adoption of IFRS is 85.7% and after the full adoption of IFRS is 82.2%. This shows a 3.5% reduction of adjusted R<sup>2</sup>. The reduction of the adjusted R<sup>2</sup> indicates that the adjusted R<sup>2</sup> can not be explained by measuring stock prices, earnings per share, and book value per share after full adoption of IFRS. Based on the study results show that the full adoption of IFRS does not affect the relevance of the value of accounting information on companies listed in the LQ 45 index.</em><em></em></p><p><em> </em></p><p><strong><em>Keyword</em></strong><em> : </em><em>Value Relevance, Profit, Equity Book Value, IFRS Adoption</em></p>
In the financial statements there is a possibility of misstatements in the presentation of company’s financial statements relating to errors or fraud made or caused by managers in the company. Misrepresentation in financial statements causes a decrease in the level of trust of users of financial statements and can harm stakeholders. The theories underlying this research include agency theory, fraud diamond, and good corporate governance. The research sample consisted of 46 manufacturing companies listed on the Stock Exchange in the period 2015-2017. Sampling is done by purposive sampling method. Hypothesis testing uses analysis of descriptive statistics, pooling test, independent sample t-test and logistic regression analysis. The results of this study indicate that financial stability, nature of industry, rationalization, and capability have a positive effect on the possibility of fraudulent financial statements. Whereas female on board has a negative effect on the possibility of fraudulent financial statements. But external pressure, personal financial need, effective monitoring and independent board of commissioners are not proven to have effect on the possibility of fraudulent financial statements.
Nilai perusahaan adalah nilai yang diharapkan dari adanya fluktuasi harga yang bersifat acak yang sepenuhnya direfleksikan dengan harga saham. Dengan adanya berbagai kepemilikan oleh berbagai pihak khususnya keluarga dan institusional akan memberikan dampak terhadap nilai dari suatu perusahaan. Oleh karena itu, penelitian ini bertujuan untuk mengetahui pengaruh kepemilikan keluarga dan kepemilikan institusional terhadap nilai perusahaan dengan keputusan pendanaan dan keputusan investasi sebagai variabel pemoderasi. Teori-teori yang digunakan dalam penelitian ini adalah teori agensi dan teori sinyal yang mengatakan dengan adanya pembagian tugas antara manajer dan pemegang saham yang terdiri dari berbagai kepemilikan yang mampu meningkatkan kinerja perusahaan yang ditandai dengan meningkatnya nilai perusahaan yang akan memberikan sinyal positif kepada para investor di pasar bursa. Sampel yang digunakan dalam penelitian ini terdiri dari 46 perusahaan manufaktur. Pengambilan sampel dilakukan dengan metode Purposive Sampling. Metode analisis yang digunakan adalah Moderated Regression Analysis yang menggunakan aplikasi SPSS 25. Hasil penelitian ini menunjukkan bahwa kepemilikan keluarga dan kepemilikan institusional berpengaruh positif terhadap nilai perusahaan, sedangkan keputusan pendanaan sebagai variabel moderasi tidak dapat memperlemah atau memperkuat pengaruh hubungan kepemilikan keluarga dan kepemilikan institusional terhadap nilai perusahaan, serta keputusan investasi sebagai variabel moderasi terbukti memperlemah pengaruh kepemilikan keluarga dan kepemilikan institusional terhadap nilai perusahaan.
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