BANKRUPTCY PREDICTION MODEL, GROWTH, LEVERAGE AND ACCEPTANCE OF GOING CONCERN OPINION
Keywords:
Going concern opinion, Bankruptcy Prediction Model, Company Growth, Leverage
Abstract
The research aims to test the influence of bankruptcy prediction models, company growth, and leverage ratios on the possibility of a company receiving a going concern audit opinion. The dependent variable of this research is receipt of going concern audit opinion while the independent variables of this research are bankruptcy prediction models, company growth and leverage ratios. Manufacturing companies listed on the Indonesia Stock Exchange (BEI) for the 2015-2019 period were selected as samples determined using a purposive sampling technique. The sample was 179 companies with a total of 761 observations. The data was analyzed using a logistic regression model. The test results show that the leverage ratio is proven to have a positive influence on the acceptance of going concern audit opinions. On the other hand, the bankruptcy prediction model and company growth have no influence on the acceptance of going concern audit opinions.
References
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Astari, S. D., Sihotang, E., & Hutajulu, S. (2022). Pengaruh Kinerja Keuangan, Ukuran Perusahaan, dan Opini Audit Terhadap Harga Saham Pada Perusahaan Sub Sektor Properti. Jurnal Akuntansi Dan Audit (JAATB), 01(01), 86–97.
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Christin, & Yanti, H. B. (2020). Faktor Determinan Yang Mempengaruhi Opini Audit Going Concern. KOCENIN Serial Konferens No. 1, 1(1), 193–204.
Djoko, D., & Yanti, L. D. (2019). The Influence of Company Growth, Profitability, Audit Tenure, and Size of Public Accounting Firms on the Acceptance of Going Concern Audit Opinions. ECo-Fin, 1(2), 76–83. https://doi.org/10.32877/ef.v1i2.124
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Kamil, K., & Maksum, M. (2023). The Effect of Audit Report Lag, Leverage Ratio and Audit Tenure On Going Concern Audit Opinion: Empirical Study of Go Public Companies Listed on the Indonesia Stock Exchange in 2018-2020. Economics and Business Quarterly Reviews, 6(1). https://doi.org/10.31014/aior.1992.06.01.498
Kimberli, K., & Kurniawan, B. (2021). Pengaruh Rasio Profitabilitas, Rasio Likuiditas, Pertumbuhan Perusahaan Terhadap Opini Audit Going Concern. Jurnal Akuntansi, 13(2), 283–299. https://doi.org/10.28932/jam.v13i2.3901
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Manda, G. (2023). Faktor yang Mempengaruhi Opini Audit Going Concern: Kualitas Audit, Opini Audit dan Ukuran Perusahaan. Jurnal Impresi Indonesia, 2(5), 427–431. https://doi.org/10.58344/jii.v2i5.2439
Nisa, A., & Rudy. (2023). Pengaruh Prior Opinion, Company Growth, Dan Mekanisme Corporate Governance Terhadap Pemberian Opini Audit Going Concern. JURNAL REVENUE: Jurnal Ilmiah Akuntansi, 3(2), 567–584.
Putra, I. M. W., & Kawisana, P. G. W. P. (2020). The Influence of Company Size, Financial Distress, KAP Reputation on Going Concern Audit Opinion of Manufacturing Companies From BEI. International Journal of Enviromental, Suistanability, and Social Sciences, 1(2), 57–61.
Ramadhan, A. P., & Sumardjo, M. (2021). Previous Years Audit Opinions, Profitability, Audit Tenure and Quality Control System on Going Concern Audit Opinion. European Journal of Business and Management Research, 6(2), 140–145. https://doi.org/10.24018/ejbmr.2021.6.2.817
Resky Adiningrat, T. M., Muhammad Yusuf, & Musyaffi, A. M. (2024). The Effect Of Financial Condition, Company Growth, And Company Size On Going Concern Opinion Acceptance. Research Trend in Technology and Management, 2(1), 12–25. https://doi.org/10.56442/rttm.v2i1.43
Septiana, G., & Khatimah, E. K. (2021). Pengaruh Pertumbuhan Perusahaan, Prediksi Kebangkrutan dan Opini Audit Going Concern Tahun Sebelumnya terhadap Pemberian Opini Audit Going Concern. Jurnal Ilmiah Pendidikan Scholastic, 5(1), 51–60. https://doi.org/10.36057/jips.v5i1.463
Sigolgi, H. A., & Djamil, N. (2024). Opini Audit Going Concern : Pengaruh Kualitas Audit, Audit Tenure, Kompleksitas Operasi, Likuiditas, Disclosure, dan Leverage pada Perusahaan yang terdaftar di Indonesia Tahun 2020-2022. Jurnal Audit, Akuntansi, Manajemen Terintegrasi, 2(1), 369–382. https://naaspublishing.com/index.php/jaamter/article/view/132
Simamora, R. A., & Hendarjatno, H. (2019). The effects of audit client tenure, audit lag, opinion shopping, liquidity ratio, and leverage to the going concern audit opinion. Asian Journal of Accounting Research, 4(1), 145–156. https://doi.org/10.1108/AJAR-05-2019-0038
Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3).
Altman, E. I. (1968). Financial Ratios, Discriminant Analysis and The Prediction of Corporate Bankruptcy. The Journal of Finance, 23(4), 589–609.
Andari, W. D., Prasetya, R. I. D. C., & Bintoro, D. A. (2023). Pengaruh Likuiditas, Profitabilitas, Leverage Terhadap Financial Distress Dan Opini Audit Going Concern (Studi Empiris Pada Perusahaan Sektor Energi Yang Terdaftar Di Bursa Efek Indonesia Periode 2018-2022). INNOVATIVE: Journal Of Social Science Research, 3, 10210–10225.
Arens, A. A., Elder, R. J., Beasley, M. S., & Hogan, C. E. (2017). Auditing and Assurance Services an Integrated Approach (16th ed.). Pearson Education Limited.
Astari, S. D., Sihotang, E., & Hutajulu, S. (2022). Pengaruh Kinerja Keuangan, Ukuran Perusahaan, dan Opini Audit Terhadap Harga Saham Pada Perusahaan Sub Sektor Properti. Jurnal Akuntansi Dan Audit (JAATB), 01(01), 86–97.
Averio, T. (2020). The analysis of influencing factors on the going concern audit opinion – a study in manufacturing firms in Indonesia. Asian Journal of Accounting Research, 6(2), 152–164. https://doi.org/10.1108/AJAR-09-2020-0078
Avina, A. N., Mardika M., S. A., & Sugiyanto, S. (2022). Pengaruh Opinion Shopping , Disclosure Dan Kondisi Keuangan Perusahaan Terhadap Penerimaan Opini Audit Going Concern Perusahaan Pertambangan Sub Sektor Batu Bara yang Terdaftar di Bursa Efek Indonesia. HUMANIS (Humanities, Management and Science Proceedings), 380–387. http://openjournal.unpam.ac.id/index.php/SNH/article/view/21104
Christin, & Yanti, H. B. (2020). Faktor Determinan Yang Mempengaruhi Opini Audit Going Concern. KOCENIN Serial Konferens No. 1, 1(1), 193–204.
Djoko, D., & Yanti, L. D. (2019). The Influence of Company Growth, Profitability, Audit Tenure, and Size of Public Accounting Firms on the Acceptance of Going Concern Audit Opinions. ECo-Fin, 1(2), 76–83. https://doi.org/10.32877/ef.v1i2.124
Fajrillah, R., & Lestari, I. R. (2023). Pengaruh Financial Distress, Opinion Shopping, Debt Default Dan Komite Audit Terhadap Opini Audit Going Concern. Jurnal Akuntansi, Keuangan, Perpajakan Dan Tata Kelola Perusahaan, 1(2), 264–273. https://doi.org/10.59407/jakpt.v1i2.206
Halim, K. I. (2021). Pengaruh Leverage, Opini Audit Tahun Sebelumnya, Pertumbuhan Perusahaan, dan Ukuran Perusahaan terhadap Opini Audit Going Concern. Owner, 5(1), 164–173. https://doi.org/10.33395/owner.v5i1.348
Hana, H., & Triani, N. N. A. (2024). The Effect Of Company Characteristics And Audit Firm On Going Concern Audit Opinion Issued By Audit Firm. Journal of Economic, Bussines and Accounting (COSTING), 7(6). https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/12962
Hantono, H. (2021). Faktor Yang Mempengaruhi Penerimaan Opini Audit Going Concern (Studi Empiris pada Industri Dasar dan Kimia yang terdaftar di Bursa Efek Indonesia). Jurnal Audit Dan Perpajakan (JAP), 1(1), 1–11. https://doi.org/10.47709/jap.v1i1.1144
Hutagalung, M., Hutagalung, M. T., Afrielza, O., Ndraha, P. A. Y., & Deliana, D. (2024). The Influence of Previous Year Audit Opinions, Company Growth and Leverage on Going Concern Audit Opinions. Prosiding Simposium Ilmiah Akuntansi, 1(1), 935–939. https://sia-iaikpd.fdaptsu.org/index.php/sia/article/view/15
Indira Shinta Dewi. (2022). Opini Audit Going Concern Dan Faktor Yang Mempengaruhinya. LIabilitas: Jurnal Ilmiah Akuntansi Dan Ekonomi, 7(2), 31–38. https://doi.org/10.54964/liabilitas.v7i2.222
Jayanti, F. D. (2022). Perspektif Opini Going Concern (D. Winarni (ed.); 1st ed.).
Kamil, K., & Maksum, M. (2023). The Effect of Audit Report Lag, Leverage Ratio and Audit Tenure On Going Concern Audit Opinion: Empirical Study of Go Public Companies Listed on the Indonesia Stock Exchange in 2018-2020. Economics and Business Quarterly Reviews, 6(1). https://doi.org/10.31014/aior.1992.06.01.498
Kimberli, K., & Kurniawan, B. (2021). Pengaruh Rasio Profitabilitas, Rasio Likuiditas, Pertumbuhan Perusahaan Terhadap Opini Audit Going Concern. Jurnal Akuntansi, 13(2), 283–299. https://doi.org/10.28932/jam.v13i2.3901
Listyaningrum, I., & Sofie, S. (2022). Pengaruh Kondisi Keuangan Dan Pertumbuhan Perusahaan Terhadap Penerimaan Opini Audit Going Concern Pada Bumn Yang Terdaftar Di Bei Tahun 2017-2021. Jurnal Sosial Teknologi, 2(9), 765–772. https://doi.org/10.59188/jurnalsostech.v2i9.409
Manda, G. (2023). Faktor yang Mempengaruhi Opini Audit Going Concern: Kualitas Audit, Opini Audit dan Ukuran Perusahaan. Jurnal Impresi Indonesia, 2(5), 427–431. https://doi.org/10.58344/jii.v2i5.2439
Nisa, A., & Rudy. (2023). Pengaruh Prior Opinion, Company Growth, Dan Mekanisme Corporate Governance Terhadap Pemberian Opini Audit Going Concern. JURNAL REVENUE: Jurnal Ilmiah Akuntansi, 3(2), 567–584.
Putra, I. M. W., & Kawisana, P. G. W. P. (2020). The Influence of Company Size, Financial Distress, KAP Reputation on Going Concern Audit Opinion of Manufacturing Companies From BEI. International Journal of Enviromental, Suistanability, and Social Sciences, 1(2), 57–61.
Ramadhan, A. P., & Sumardjo, M. (2021). Previous Years Audit Opinions, Profitability, Audit Tenure and Quality Control System on Going Concern Audit Opinion. European Journal of Business and Management Research, 6(2), 140–145. https://doi.org/10.24018/ejbmr.2021.6.2.817
Resky Adiningrat, T. M., Muhammad Yusuf, & Musyaffi, A. M. (2024). The Effect Of Financial Condition, Company Growth, And Company Size On Going Concern Opinion Acceptance. Research Trend in Technology and Management, 2(1), 12–25. https://doi.org/10.56442/rttm.v2i1.43
Septiana, G., & Khatimah, E. K. (2021). Pengaruh Pertumbuhan Perusahaan, Prediksi Kebangkrutan dan Opini Audit Going Concern Tahun Sebelumnya terhadap Pemberian Opini Audit Going Concern. Jurnal Ilmiah Pendidikan Scholastic, 5(1), 51–60. https://doi.org/10.36057/jips.v5i1.463
Sigolgi, H. A., & Djamil, N. (2024). Opini Audit Going Concern : Pengaruh Kualitas Audit, Audit Tenure, Kompleksitas Operasi, Likuiditas, Disclosure, dan Leverage pada Perusahaan yang terdaftar di Indonesia Tahun 2020-2022. Jurnal Audit, Akuntansi, Manajemen Terintegrasi, 2(1), 369–382. https://naaspublishing.com/index.php/jaamter/article/view/132
Simamora, R. A., & Hendarjatno, H. (2019). The effects of audit client tenure, audit lag, opinion shopping, liquidity ratio, and leverage to the going concern audit opinion. Asian Journal of Accounting Research, 4(1), 145–156. https://doi.org/10.1108/AJAR-05-2019-0038
Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3).
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2024-11-16
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