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INDONESIA
Jurnal Akuntansi dan Keuangan
ISSN : 14110288     EISSN : 23388137     DOI : -
Core Subject : Economy,
The JAK invites manuscripts in the various topics include, but not limited to, functional areas of accounting and finance, financial accounting and securities market, management accounting, accounting information systems, auditing and taxation.
Arjuna Subject : -
Articles 5 Documents
Search results for , issue " Vol 15, No 1 (2013): MAY 2013" : 5 Documents clear
Intellectual Capital dan Keunggulan Kompetitif (Studi Empiris Perusahaan Manufaktur versi Jakarta Stock Industrial Classification-JASICA) Widyaningdyah, Agnes Utari; Aryani, Y. Anni
Jurnal Akuntansi dan Keuangan Vol 15, No 1 (2013): MAY 2013
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (435.543 KB) | DOI: 10.9744/jak.15.1.1-14

Abstract

This research investigates the differences on value added and intellectual capital (IC) efficiency of the companies with sustained and un-sustained competitive advantage. This research uses manufacturing companies listed on Indonesia Stock Exchange during 2009-2011 according to JASICA version. This research indicates that the value creation (proxied by value added intellectual coefficient-VAICTM) and IC efficiency (proxied by intellectual capital efficiency-ICE) of companies with sustained competitive advantage significantly different from companies with unsustained competitive advantage. This finding supports the Resource-based Theory which asserts that company with sustained competitive advantage has an ability to create value for its stakeholder and manages its VRIN (Valuable, Rare, Inimitable, and Non-substitutable) strategic assets efficiently.
Pengaruh Struktur Kepemilikan Terhadap Profitabilitas Perusahaan Manufaktur di Indonesia Wiranata, Yulius Ardy; Nugrahanti, Yeterina Widi
Jurnal Akuntansi dan Keuangan Vol 15, No 1 (2013): MAY 2013
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (263.737 KB) | DOI: 10.9744/jak.15.1.15-26

Abstract

The purpose of this study is to investigate the effect of ownership structure on profitability in the manufacturing sector. Independent variables used for this study are consisted of foreign ownership, government ownership, managerial ownership, institusional ownership, family ownership. Profitability is measured by ROA (Return On Assets), while firm size and leverage are used as the control variables. This study is used 224 samples of manufacturing companies listed in Indonesian Stock Exchange for the period 2010-2011. The results show that foreign ownership and leverage have a positive and significant effect to profitability. Family ownership has a negative and significant effect to profitability. However, government ownership, managerial ownership, institutional ownership and firm size have no influence to profitability.
Pengaruh Faktor Good Corporate Governance, Free Cash Flow, dan Leverage Terhadap Manajemen Laba Agustia, Dian
Jurnal Akuntansi dan Keuangan Vol 15, No 1 (2013): MAY 2013
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (291.939 KB) | DOI: 10.9744/jak.15.1.27-42

Abstract

The aim of this research is to provide empirical evidence on the impact of good corporate governance, free cash flow, and leverage ratio on earnings management. Good corporate governance is measured by audit committee’s size, the proportion of independent commissioners, institutional ownership, and managerial ownership. Discretionary accrual is the proxy of earning management. This research used 14 textile companies listed in Indonesia Stock Exchange, selected using purposive sampling method, during the research period 2007-2011. Data were analyzed using multiple regression method. Based on the result of analysis concluded that all components of good corporate governance (audit committee’s size, the proportion of independent commissioners, institutional ownership, and managerial ownership), have no significant effect on earnings management, while leverage ratio has a significant effect on earnings management, and free cash flow has a negative and significant effect on earnings management. It means that companies with high free cash flow will restrict the practice of earnings management.
Good Corporate Governance and Predicting Financial Distress Using Logistic and Probit Regression Model Juniarti, Juniarti
Jurnal Akuntansi dan Keuangan Vol 15, No 1 (2013): MAY 2013
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (541.377 KB) | DOI: 10.9744/jak.15.1.43-50

Abstract

The study aims to prove whether good corporate governance (GCG) is able to predict the probability of companies experiencing financial difficulties. Financial ratios that traditionally used for predicting bankruptcy remains used in this study. Besides, this study also compares logit and probit regression models, which are widely used in research related accounting bankruptcy prediction. Both models will be compared to determine which model is more superior. The sample in this study is the infrastructure, transportation, utilities & trade, services and hotels companies experiencing financial distress in the period 2008-2011. The results show that GCG and other three variables control i.e DTA, CR and company category do not prove significantly to predict the probability of companies experiencing financial difficulties. NPM, the only variable that proved significantly distinguishing healthy firms and distress. In general, logit and probit models do not result in different conclusions. Both of the models confirm the goodness of fit of models and the results of hypothesis testing. In terms of classification accuracy, logit model proves more accurate predictions than the probit models.
Pengaruh Kebijakan Dividen Terhadap Kepemilikan Individual Dan Kepemilikan Institusional Dengan Perubahan Peraturan Perpajakan Sebagai Variabel Pemoderasi Kartikasari, Sabrina; Lasmana, Mienati Somya
Jurnal Akuntansi dan Keuangan Vol 15, No 1 (2013): MAY 2013
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (352.559 KB) | DOI: 10.9744/jak.15.1.51-62

Abstract

This research purports to examine the effect of the dividend policy on individual and institutional ownership with the change on tax regulation as a moderating variable. Examination was done using moderated regression analysis (MRA), using a sample of 45 companies that listed on the BEI for the period of 2007-2010. The result of this study indicates that the dividend policy has a positive but not significant effect on individual ownership. However, if it is moderated by changes in taxation regulation in the form of reduction and simplification of the tax rate on dividend income received by an individual within the country in accordance with Law No.36/2009, Government Regulation No.19/2009 and PMK No.111/PMK.03/2010, the result is positive and significant. By contrast, the institutional ownership is negatively and significantly affected by dividend policy before as well as after it is moderated by changes in taxation regulation.

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