Jurnal Riset Akuntansi dan Keuangan https://e-journalfb.ukdw.ac.id/index.php/jrak <p><strong>EDITOR-IN-CHIEF</strong></p> <p>Perminas Pangeran (Scopus ID <a href="https://www.scopus.com/authid/detail.uri?authorId=56819072800" target="_blank" rel="noopener">56819072800</a>) Universitas Kristen Duta Wacana</p> <p><strong>SECTION EDITOR</strong></p> <p>Dielanova Wynni Yuanita</p> <p><strong>EDITORIAL BOARD</strong></p> <p>I Putu Sugiartha Sanjaya (Scopus ID <a href="https://www.scopus.com/authid/detail.uri?authorId=57197808043">57200133344</a>) Universitas Atma Jaya</p> <p>Jogiyanto Hartono (Scopus ID <a href="https://www.scopus.com/authid/detail.uri?authorId=55104492500">55104492500</a>) Universitas Gadjah Mada</p> <p>Mahatma Kufepaksi (Scopus ID <a href="https://www.scopus.com/authid/detail.uri?authorId=53164307400">53164307400</a>) Universitas Lampung</p> <p>Ignatius Roni Setyawan (Scopus ID <a href="https://www.scopus.com/authid/detail.uri?authorId=57034027500">57034027500</a>) Unversitas Tarumanagara</p> en-US perminas@staff.ukdw.ac.id (Perminas Pangeran) firman.setyadi@staff.ukdw.ac.id (Firman Haryo Setyadi) Fri, 05 Apr 2024 19:24:10 +0000 OJS 3.3.0.7 http://blogs.law.harvard.edu/tech/rss 60 PENGARUH VOLATILITAS NILAI TUKAR, IDR-USD TERHADAP RETURN SAHAM DI BURSA EFEK INDONESIA: PENERAPAN MODEL GARCH https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/101 <p><strong>ABSTRAK</strong></p> <p><strong>&nbsp;</strong><em>Penelitian ini bertujuan untuk menguji pengaruh&nbsp; volatilitas return nilai Kurs IDR-USD terhadap volatilitas return pasar saham di Bursa Efek Indonesia. Dari pengambilan data sekunder dari 3 Januari 2012 hingga 29 September 2017 diperoleh data time series sebanyak 1404 hari. Data&nbsp; dianalisis dengan model&nbsp; GARCH dan Uji Granger Causality. Berdasarkan hasil permodelan GARCH(1,1), volatilitas kurs mempengaruhi volatilitas IHSG. Uji Granger Causality menunjukkan bahwa volatilitas kurs &nbsp;dan IHSG memiliki hubungan yang kausal dua arah. Penelitian ini menunjukkan bahwa informasi kurs dapat memprediksikan kondisi harga indeks saham di pasar modal di periode hari berikutnya, begitupun sebaliknya. Prediksi tepat yang dilakukan oleh investor akan mengurangi risiko dan meningkatkan imbal hasil dalam berinvestasi jika pasar uang maupun pasar modal yang sedang bergejolak. </em></p> <p><em>&nbsp;</em><em><strong>Kata Kunci</strong>: GARCH, Volatilitas, IHSG, Nilai Tukar</em></p> <p><strong>&nbsp;</strong></p> <p><strong>ABSTRACT</strong></p> <p><strong>&nbsp;</strong><em>This study aims to examine the effect of the volatility of the return on the IDR-USD exchange rate toward &nbsp;the volatility of stock market returns in the Indonesia Stock Exchange.</em> <em>From the data collection from 3 January 2012 until 29 September 2017 we obtained 1404 time series. Analyzing data, this study used&nbsp; GARCH modeling and Granger Causality Test. The selected GARCH (1,1) modeling result shows that the volatility of exchange rate influences the volatility of Indonesian Composite Index. &nbsp;Granger Causality test shows that the volatility of exchange rate and volatility of Indonesian Composite Index have two-way granger cause. This study indicates that exchange rate information can predict the condition of stock price index in capital market and movement of Indonesian Composite Index (ICI) can predict exchange rate movement in foreign exchange market. Appropriate predictions by investors will reduce the risk and increase the yield in investing if the money market and capital markets are fluctuating high.</em></p> <p><strong>Keywords</strong>: <em>GARCH, Volatility, ICI, Exchange Rate</em></p> Rahmadiva Dianitha Danial, Brady Rikumahu Copyright (c) 2024 Jurnal Riset Akuntansi dan Keuangan https://creativecommons.org/licenses/by/4.0 https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/101 Wed, 01 Aug 2018 00:00:00 +0000 DAMPAK CORPORATE GOVERNANCE TERHADAP PENGUNGKAPAN LINGKUNGAN https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/99 <p><strong>ABSTRACT</strong></p> <p><strong>&nbsp;</strong><em>This study aims to determine the effect of good corporate governance (GCG) proxied through the proportion of independent board of commissioners, the size of the board of commissioners, the number of board meetings, and the size of the audit committee to the environment</em><em>al </em><em>disclosure. This research is causality. The population in this study is manufacturing companies listed on the Stock Exchange and included in</em> <em>PROPER 2012 until 2016. The sample in this study is determined based on purposive sampling and produce a sample of 10 sample companies. Data analysis technique used is multiple linear regression analysis.The results of multiple regression tests indicate that corporate governance (GCG) proxied through the proportion of independent commissioners, board size, number of board meetings, and the size of the audit committee, simultaneously affect the environmental disclosure. The independent variables influenced 61.4% of the dependent variable, while the rest influenced by other factors outside the study. Partially, the proportion of independent commissioners influences the environmental disclosure. The size of the board of commissioners has no effect on the disclosure of the environment. The number of board of commissioners meeting the effect on the disclosure of the environment. The size of the audit committee did not affect the disclosure of the environment.</em></p> <p><em><strong>Keywords:</strong> Corporate Governance (GCG), proportion of independent commissioners, board size, number of board of commissioners meeting, audit committee size,</em> <em>environmental disclosure.</em></p> <p><strong>&nbsp;</strong></p> <p><strong>ABSTRAK</strong></p> <p>Penelitian ini bertujuan untuk menguji pengaruh <em>good corporate governance </em>(GCG) yang diproksikan melalui proporsi komisaris independen, ukuran dewan komisaris, jumlah rapat dewan komisaris, dan ukuran komite audit terhadap pengungkapan lingkungan. Penelitian ini bersifat kausalitas. Populasi dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di BEI dan termasuk dalam PROPER tahun 2012 sampai dengan 2016. Sampel dalam penelitian ini ditentukan berdasarkan <em>purposive sampling</em> dan menghasilkan sampel sebanyak 10 perusahaan sampel. Teknik analisis data yang digunakan adalah analisis regresi linear berganda. Hasil pengujian regresi berganda menunjukkan bahwa, <em>good corporate governance</em> (GCG) yang diproksikan melalui proporsi komisaris independen, ukuran dewan komisaris, jumlah rapat dewan komisaris, dan ukuran komite audit. Variabel independen berpengaruh sebesar 61.4% terhadap variabel dependen, sedangkan sisanya dipengaruhi oleh faktor-faktor lain di luar penelitian. Secara parsial, proporsi komisaris independen berpengaruh terhadap pengungkapan lingkungan. Ukuran dewan komisaris tidak berpengaruh terhadap pengungkapan lingkungan. Jumlah rapat dewan komisaris berpengaruh terhadap pengungkapan lingkungan. Ukuran komite audit tidak berpengaruh terhadap pengungkapan lingkungan.</p> <p><strong><em>&nbsp;</em>Kata kunci:</strong> <em>Good Corporate Governance</em> (GCG), proporsi komisaris independen, ukuran dewan komisaris, jumlah rapat dewan komisaris, ukuran komite audit</p> Dewi Kusuma Wardani, Sutri Haryani Copyright (c) 2024 Jurnal Riset Akuntansi dan Keuangan https://creativecommons.org/licenses/by/4.0 https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/99 Wed, 01 Aug 2018 00:00:00 +0000 PERBEDAAN KINERJA KEUANGAN DAN NILAI PERUSAHAAN SEBELUM DAN SESUDAH KEBERADAAN KEPALA KOMITE MANAJEMEN RISIKO https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/102 <p><strong>ABSTRA</strong><strong>CT</strong></p> <p>This study aims to examine differences in financial performance and firm value before and after the existence of the head of the risk management committee. This study used a purposive sampling method in taking sample size and carried out for 3 years before the existence of the head of the risk management committee and 3 years after the existence of the risk management committee and selected 9 samples of banking companies. The hypothesis testing of the study was carried out by different tests, paired sample t-test. Different test results show that the risk characteristics measured by earnings volatility, experience differences before and after the existence of risk management with a decrease in profit risk. This shows the existence of the head of the risk management committee able to increase the effectiveness of risk management and be able to minimize risk. The characteristics of assets as measured by asset turnover also differ before and after the existence of the head of the risk management committee. This indicates that the presence of the head of the risk management committee is able to manage future project risks with risk management for long-term decisions.</p> <p><strong>Keywords:</strong> Head of the risk management committee, company performance, and company value</p> <p><strong>&nbsp;</strong></p> <p><strong>ABSTRAK</strong></p> <p>Penelitian ini bertujuan untuk menguji perbedaan kinerja keuangan dan nilai perusahaan sebelum dan sesudah keberadaan kepala komite manajemen risiko. Penelitian ini menggunakan metode <em>purposive sampling </em>dalam pengambilan sampel penelitian dan dilakukan selama 3 tahun sebelum keberadaan kepala komite manajemen risiko dan 3 tahun setelah keberadaan komite manajemen risiko dan terpilih 9 sampel perusahaan perbankan. Pengujian hipotesis dilakukan dengan uji beda, uji &nbsp;sampel berpasangan. Hasil uji beda menunjukkan bahwa karakteristik risiko yang diukur dengan volatilitas laba mengalami perbedaan sebelum dan sesudah keberadaan manajemen risiko dengan penurunan risiko laba. Hal ini menunjukkan keberadaan kepala komite manajemen risiko mampu meningkatkan efektivitas manajemen risiko dan mampu meminimalisir risiko. Karakteristik aset yang diukur dari perputaran aset juga terdapat perbedaan sebelum dan sesudah keberadaan kepala komite manajemen risiko. Hal ini menunjukkan bahwa kepala komite manajemen risiko mampu mengelola risiko proyek masa depan dengan adanya manajemen risiko untuk keputusan jangka panjang.</p> <p><strong>&nbsp;</strong><strong>Kata kunci</strong>: Kepala komite manajemen risiko, kinerja perusahaan, dan nilai perusahaan</p> Dominicus Wahyu Budi Kristiawan, Perminas Pangeran Copyright (c) 2024 Jurnal Riset Akuntansi dan Keuangan https://creativecommons.org/licenses/by/4.0 https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/102 Wed, 01 Aug 2018 00:00:00 +0000 DETERMINAN PENERIMAAN OPINI GOING CONCERN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/100 <p><strong>ABSTRACT </strong></p> <p><strong>&nbsp;</strong>This research aims to do a testing empirically regarding the measurement of public accounting firm, the education background of auditor, and work durations of auditor towards the acceptance of going concern audit’s opinion. The public accounting firm, the education background of auditor, and work durations of auditor are independent variable, meanwhile the going concern audit’s opinion is dependent variable. This research use secondary data which collected from Indonesia’s Stock Exchange and PPPK, with a total processed data of 270. Statistic method that used is logistic regression. The result of this research showed that the measurement of public accounting firm and the education background of auditor gave a positive impact and significant towards the acceptance of going concern audit’s opinion, while the work durations of auditor gave a negative impact and significant towards the acceptance of going concern audit’s opinion.</p> <p>&nbsp;</p> <p><strong><em>Keywords</em>:</strong> going concern audit’s opinion, Public Accounting Firm measurement, education background, work duration.</p> <p>&nbsp;</p> <p><strong>ABSTRAK </strong></p> <p><strong>&nbsp;</strong>Penelitian ini bertujuan untuk melakukan pengujian secara empiris mengenai pengukuran kantor akuntan publik, latar belakang pendidikan auditor, dan durasi kerja auditor terhadap penerimaan opini audit going concern. Kantor akuntan publik, latar belakang pendidikan auditor, dan durasi kerja auditor adalah variabel independen, sedangkan opini audit going concern adalah variabel dependen. Penelitian ini menggunakan data sekunder yang dikumpulkan dari Bursa Efek Indonesia dan PPPK, dengan total data yang diproses 270. Metode statistik yang digunakan adalah regresi logistik. Hasil penelitian ini menunjukkan bahwa pengukuran kantor akuntan publik dan latar belakang pendidikan auditor memberikan dampak positif dan signifikan terhadap penerimaan opini audit going concern, sedangkan durasi kerja auditor memberikan dampak negatif dan signifikan terhadap penerimaan akuntan publik. opini audit going concern.</p> <p><strong>Kata kunci:</strong> opini audit going concern, pengukuran Kantor Akuntan Publik, latar belakang pendidikan, durasi kerja</p> Dina Hartono, Christine Novita Dewi Copyright (c) 2024 Jurnal Riset Akuntansi dan Keuangan https://creativecommons.org/licenses/by/4.0 https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/100 Wed, 01 Aug 2018 00:00:00 +0000 PENGARUH KEPEMILIKAN MANAJERIAL, INSTITUSIONAL, DAN PROFITABILITAS TERHADAP KEBIJAKAN HUTANG https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/103 <p><strong>ABSTRACT</strong></p> <p><em>This research aimed to examine the effect of managerial ownership, institutional ownership, and profitability on debt policy. </em><em>Samples are used by non-bank companies listed on the Indonesia Stock Exchange from</em><em> 2013-20017. </em><em>Managerial ownership is measured using the percentage of shares held by managers. Institutional ownership is measured by the percentage of shares held by the institution. Company profitability is measured using Profit Margin, while debt policy is measured using the debt to equity ratio (DER).</em> <em>Testing used multiple regression. The results of this study indicate that managerial and institutional ownership negatively affects debt policy. Profitability has a positive effect on debt policy</em></p> <p><em>&nbsp;</em><strong><em>Keyword: </em></strong><em>managerial ownership, institutional ownership, profit margin, debt to equity ratio (DER)</em></p> <p>&nbsp;</p> <p><strong>ABSTRAK&nbsp;</strong></p> <p>Penelitian ini bertujuan menguji pengaruh kepemilikan manajerial, instistusional, dan profitabilitas terhadap kebijakan utang. Sampel digunakan perusahaan non bank yang terdaftar di Bursa Efek Indonesia dari tahun 2013-20017. Kepemilikan manajerial diukur menggunakan prosentase saham yang dimiliki oleh manajer. Kepemilikan institusional diukur dengan prosentase saham yang dimiliki oleh institusi. Profitabilitas perusahaan diukur dengan menggunakan Profit Margin, sedang kebijakan hutang diukur dengan menggunakan rasio hutang terhadap ekuitas (DER). Pengujian digunakan regresi berganda. Hasil penelitian ini menunjukkan bahwa kepemilikan manajerial dan institusional berpengaruh negatif terhadap kebijakan hutang. Profitabilitas berpengaruh positif terhadap kebijakan hutang.</p> <p><strong>Kata kunci:</strong> Kepemilikan Manajerial, Kepemilikan Institusional, Profit Margin, <em>Debt To Equity Ratio</em> (DER)</p> Umi Murtini Copyright (c) 2024 Jurnal Riset Akuntansi dan Keuangan https://creativecommons.org/licenses/by/4.0 https://e-journalfb.ukdw.ac.id/index.php/jrak/article/view/103 Wed, 01 Aug 2018 00:00:00 +0000