COSTING : Journal of Economic, Business and Accounting https://journal.ipm2kpe.or.id/index.php/COSTING <p>COSTING : Journal of Economic, Business and Accounting is published by IPM2KPE as an information and communication media for practitioners, researchers and academics who are interested in the field and development of Economics, Business, and Accounting .The journal is published annually 2 times every June and December. The Journal&nbsp; is published in two versions, online (e-ISSN 2597-5234) and print (p-ISSN 2597-5226)</p> en-US ahmadgawdynano@yahoo.com (Ahmad Gawdy Prananosa) astriayu90@gmail.com (Astri Ayu Purwati) Sun, 14 Feb 2021 13:56:28 +0000 OJS 3.1.0.1 http://blogs.law.harvard.edu/tech/rss 60 Pengaruh Current Ratio, Perputaran Persediaan, Debt To Asset Ratio, Growth Dan Size Terhadap Profitabilitas Perusahaan Retail Sektor Trade, Investment dan Service Yang Terdaftar di Bursa Efek Indonesia https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1678 <p><em>The development of companies nowadays have been growing rapidly and causing intense competition in the market.&nbsp; Trade, service, and investment sector companies are emerging in Indonesia. Thus, this study aims to identify the impact of current ratio, inventory turnover, debt to asset ratio, growth and size&nbsp; towards firm’s profitability in Trade, Service, and Investment Companies Listed in Indonesia Stock Exchange (IDX) from year 2016-2019. The research type of this study is quantitative method.&nbsp; The data is classified as quantitative and ratio scale. This study uses secondary data. The population for this study is 154 trade, service, and investment sector companies listed in Indonesia Stock Exchange (IDX) from year 2016-2019. The sample for this study is 65 trade, service, and investment sector companies listed in Indonesia Stock Exchange (IDX) from year 2016-2019 using observational sampling method. The model of this study is multiple linear regression.&nbsp; The result of this study shows that current ratio, inventory turnover, debt to asset ratio, growth and size partially and simulteneously do not affect firm’s profitability in Trade, Service, and Investment Companies Listed in Indonesia Stock Exchange (IDX) from year 2016-2019.</em></p> <p><strong><em>Keywords</em></strong><em> : </em><em>Current Ratio, Inventory Turnover, Debt To Asset Ratio, Growth, Size dan Profitability</em></p> Annisa Nauli Sinaga, Citra William, Tiffanny Meiluartha, Alviana Celia Jansen ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1678 Sun, 14 Feb 2021 13:49:37 +0000 Pengaruh Pertumbuhan Penjualan, Current Ratio, Debt To Equity Ratio, Ukuran Perusahaan, Dan Perputaran Persediaan Terhadap Profitabilitas Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar Di BEI https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1887 <p><em>Return</em><em>l</em> <em>Onl Assetl (ROA) is one of the variable which is used to see the capability of a company in order to obtained profit from the assets that it owns. The purpose of this research is to see the effect of Sales Growth, Current Ratio, Debt to Equity Ratio, Firm Size, and Inventory Turnover against Return On Asset, This type of research is quantitative descriptive with secondary data sources, selection of the sample in this research is using purposive sampling method and this research test method is using multiple linear regression analysis method. The amount of population in this research is 84 consumer goods industry sector companies that registered in Indonesia Stock Exchange (IDX) in 2017-2019. Based on the research results we can conclude that Growth Sales, Current Ratio, Debt to Equity Ratio, Firm Size, and Inventory Turnover simultaneously have a significant and positive effect against Returnl Onl Asset. Meanwhile, only Debt to equity Ratio that partially has a positive effect against Return On Asset, while Growth Sales, Current ratio, Firm Size, and Inventory Turnover have no significant effect against Return On Asset.</em></p> <p><strong><em>Keywords</em></strong><em> : Growth Sales, Current Ratio, Debt to Equity Ratio, Firm Size, Inventory Turnover.</em></p> Ninta Katharina, Graccella Graccella, Andy Putra, Vinny Vica Yoanna ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1887 Sun, 14 Feb 2021 00:00:00 +0000 Pengaruh Perusahaan Terhadap Kebijakan Dividen Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1598 <p><em>This research was aimed to evaluate whether there is a Leverage, Total Assets Turnover, Earning per Share, Current Ratio, Profitability, and Firm Size have related to dividend policy of manufacturing companies which is registered on Indonesia stock exchange in period 2017-2019. This research is included in type of quantitative descriptive research which uses data from <strong>162 </strong>manufacturing companies that is registered on Indonesia stock exchange in period 2017-2019. This research also uses purposive sampling method that have 52 samples. Data in this research are all of the financial reports from each company that is published&nbsp; on </em><a href="http://www.idx.co.id/"><em>www.idx.co.id</em></a><em>. The variables related in this research are leverage, tato, eps, current ratio, profitability, and firm size. The research’s method uses descriptive analysis and multiplelinear regression analysis. The result of this study shows that Leverage have a negative effect to dividend policy, Total Assets Turnover have a negative effect to dividend policy, Earning per Share does not have a negative and significant to dividend policy, Current Ratio have a negative effect to dividend policy, Profitability does not make a significant contribution to dividend policy, and Firm Size does not have a negative and significant to dividend policy of manufacturing companies on Indonesia stock exchange. Simultaneously, Leverage, Total Assets Turnover, Earning per Share, Current Ratio, Profitability, and Firm Size together have a significant with dividend policy of manufacturing companies on Indonesia stock exchange.</em></p> <p><strong><em>Keywords : </em></strong><em>Leverage, Total Assets Turnover, Earning per Share, Current Ratio, Profitability, Firm Size, and Dividend Policy.</em></p> Bayu Wulandari, Mettania Kirana, Helnia Oktavia Sitanggang, Jayana Jayana ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1598 Sun, 14 Feb 2021 13:59:52 +0000 Pengaruh Likuiditas, Profitabilitas, Struktur Modal, Ukuran Perusahaan Dan Kebijakan Dividen Terhadap Nilai Perusahaan Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1614 <p><em>Firm value is one&nbsp; of the criteria used by investors in making decisions to invest in a company where Firm value is often associated with share prices. The purpose of this research is to determine the effect of Capital Structure (DER), Liquidity (QR), Profitability (ROA), Dividends (DPR), and Firm Size (Total Assets) on the </em><em>Firm </em><em>Value. This type of research is quantitative descriptive with secondary data, the selection of research samples using purposive sampling techniques, and testing methods with multiple linear regression analysis method. The population in this research were 167 manufacturing companies listed on the </em><em>IDX</em><em> during the period 2016 – 2019. Based on the results of the study, it can be concluded that simultaneously the Capital Structur</em><em>e</em><em> (DER), Liquidity (QR), Profitability (ROA), Dividend (DPR), and Firm Size (total assets) have a simultaneous and positive effect. While partially, only Dividend (DPR) has a positive effect on Firm Value, while Profitability (ROA) have a negative effect on Firm Value; Capital Structure (DER), Liquidity (QR) and Firm Size (Total Assets) have no </em><em>effect and is insignificant</em><em> on Firm Value</em><em>.</em></p> <p><strong><em>Keywords</em></strong><em> : Capital Structure, Liquidity, Profitability, Dividends, Firm Size</em></p> Annisa Nauli Sinaga, Calvin Halim, Sonia Sonia ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1614 Sun, 14 Feb 2021 14:02:35 +0000 Pengaruh Transparansi, Kompetensi, Dan Sistem Akuntansi Keuangan Terhadap Akuntabilitas Pengelolaan Keuangan Daerah Dengan Penerapan Sistem Pengendalian Internal Pemerintah Sebagai Variabel Moderasi https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1965 <p><em>This study aims to examine the effect of transparency, competency, financial accounting systems on the accountability of regional financial management with the government's internal control system as a moderating variable with a case study in Indragiri Hulu Regency.</em> <em>The population of this study were all employees in all OPDs in Indragiri Hulu Regency as many as 45 OPDs so that a sample of 180 respondents was obtained from this population using the purposive sampling method. The data analysis method used in this research is the quantitative analysis method with WarpPLS version 6.0 as data processing software.</em> <em>The results show that transparency, competency, and financial accounting systems affect the accountability of regional financial management, the implementation of the government internal control system can moderate the effect of transparency and financial accounting systems on the accountability of regional financial management, and the implementation of the government internal control system cannot moderate the effect of competency on the accountability of regional finance management.</em></p> <p><strong>Keywords:</strong> <em>Transparency, Competency, Financial Accounting System, The Accountability of Regional Financial Management, Implementation of The Government Internal Control System</em></p> Ria Herlina, Taufeni Taufik, Azwir Nasir ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1965 Sun, 14 Feb 2021 14:07:11 +0000 Pengaruh Sustainability Reporting, Profitabilitas, Struktur Modal Dan Insentif Manajer Terhadap Nilai Perusahaan https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1989 <p class="Default"><em>Indonesia's growing economy require every company to improve company performance for achievement of company goals. In addition, the company is also expected to increase the firm’s value for shareholder prosperity. Firm’s value is very important because it shows the performance of the company that can affect investor perceptions of the company. The issue of companies listed on the Indonesia Stock Exchange shows that most firm’s values ​​have declined from 2017 to 2018 while good company values ​​are seen from stable and rising share prices. This study aims to test empirically the influence of sustainability reporting, profitability, capital structure and managerial incentive to firm’s value on the companies listed in Indonesia Stock Exchange during periode 2017-2018. </em><em><span lang="IN">This study used </span>purposive sampling method</em><em><span lang="IN"> for the selection of sampel. </span></em><em>The population of this research is 613 companies with total sample of 39 companies. Data analysis technique in this research </em><em><span lang="IN">is multiple regression analysis with SPSS version 23.0.</span> </em><em>The research result show that sustainability reporting has no effect to to the firm’s value, profitability has effect to the firm’s value, capital structure has no effect to the firm’s value and managerial incentive has no effect to the firm’s value. The results of this study are expected to be a motivation for company management to increase firm’s value because it will have an impact on investor interest in investing in companies in Indonesia.</em></p> <pre><strong>Keywords:</strong> <em>S</em><em><span lang="IN">ustainability </span></em><em>R</em><em><span lang="IN">eporting, </span></em><em>P</em><em><span lang="IN">rofitability, </span></em><em>C</em><em><span lang="IN">apital </span></em><em>S</em><em><span lang="IN">tructure, </span></em><em>M</em><em><span lang="IN">anagerial </span></em><em>I</em><em><span lang="IN">ncentive, </span></em><em>F</em><em><span lang="IN">irm’s </span></em><em>V</em><em><span lang="IN">alue</span></em></pre> Yolanda Pratami, Poppy Camenia Jamil ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1989 Sun, 14 Feb 2021 14:12:44 +0000 Pengaruh Perputaran Piutang, Penjualan, Perputaran Kas, Perputaran Persediaan dan Hutang Terhadap Laba Bersih https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1951 <p><em>This research is a quantitative study which aims to determine the effect of accounts receivable turnover, sales, cash turnover, inventory turnover and debt on the net profit of large trading companies. The study population includes 62 large trading companies listed on the Indonesia Stock Exchange for the period 2016-2018. The sample was determined using purposive sampling method with certain criteria by which 15 companies were obtained so that there were 45 issuers for 3 years. The research data is secondary data obtained from www.idx.co.id and uses multiple linear regression data analysis. The research concludes that accounts receivable turnover, sales, cash turnover, inventory turnover, and debt simultaneously have a significant effect on net profit. Accounts receivable turnover partially has a significant effect on net profit. Sales partially have a significant effect on net profit. Cash turnover partially has a significant effect on net profit. Inventory turnover partially has a significant effect on net profit. Liability partially does not have a significant effect on net profit.</em></p> <p><strong><em>Keywords</em></strong><em>: Receivables turnover, sales, cash turnover, inventory turnover, debt and net profit.</em></p> Bayu Wulandari, Wilda Afriany Ompusunggu ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1951 Thu, 25 Feb 2021 01:17:21 +0000 Pengaruh DER, CR, DPR, EPS, Inflasi, Dan Pertumbuhan Arus Kas Operasi Terhadap Return Saham Pada Perusahaan Sektor Property, Real Estate dan Konstruksi Bangunan Di BEI https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1950 <p><em>The purpose of this research is to carry out analysis regarding the influence of Operating Cash Flow Growth, Inflation, Earning per Share Ratio, Debt to Equity Ratio, and Current Ratio on Stock Returns in building, property, and real estate construction companies. In the implementation of this research, the population used is building construction companies, property, and real estate which are listed on the Indonesia Stock Exchange for the period 2016 to 2019. In this study, the sampling technique is using purposive sampling. The data used are quantitative secondary data. The data analysis method is multiple linear regression. Based on the results of the analysis, it is determined that simultaneously the independent variable Debt Equity Ratio, the independent variable Current Ratio, the independent variable Earning per Share, the independent variable Dividend Payout Ratio, Inflation and Growth in Operating Cash Flow do not provide contribution to the influence of Stock Return. Partially the results of the analysis determine that the independent variable of the Debt Equity Ratio contributes a significant effect on stock returns, meanwhile for the independent variables of Current Ratio, Dividend Payout Ratio, Earning per Share, Inflation and Operating Cash Flow Growth did not contribute significantly to Stock Returns.</em></p> <p><strong><em>Keywords:</em></strong> <em>Debt Equity Ratio, Current Ratio, Dividend Payout Ratio, Earning Per Share, Inflation, Operating Cash Flow Growth and Stock Returns</em></p> Bayu Wulandari, William Wijaya, Veronika Winata, Kathy Kathy, Lise Septani ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1950 Thu, 25 Feb 2021 01:24:26 +0000 The Determinan Kinerja Keuangan Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1544 <p><em>Stocks are currently a popular investment product among investors. Stocks that are of interest to investors are stocks that have a high selling value because the stock price is a very important factor to pay attention to and indicators are used to measure the welfare of shareholders. The higher the share price, the higher the value of the company and vice versa. However, investing in stocks in the capital market is also filled with an element of uncertainty or risk, this is because investors do not know with certainty the results they will get from their investments. Company specific financial information is one of the important internal company factors that can influence investors to invest. The research aims to analyse the effect of Capital Structure, liquidity, and profitability on stock price. Samples used in this study are food and beverage companies listed in the Indonesian Stock Exchange during 2016-2018 periods. Multiple linear regression method used to anlyse the effect of DER,CAR,&nbsp; and NPM on Stock Price. The results showed that DER and CAR have not significant effect on Stock Price. NPM have a significant effect on Stock Price.</em></p> <p><strong><em>Keywords:</em></strong><em> Capital Structure, liquidity, Profitability, Stock Price</em></p> Jusmarni Amir ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1544 Thu, 25 Feb 2021 01:44:30 +0000 Pasar Modal dan Penanaman Modal Asing di Indonesia https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1990 <p><em>The role of the capital market for the economy of a country according to capital market education by</em> <em>PT. There are two functions of the Indonesia Stock Exchange, namely as a means of business funding or as a means for companies to obtain funds from investors (investors) for business development, expansion, additional working capital and others. This study aims to explain the relationship between the capital market and foreign investment in Indonesia. The variables used in this study are the return of the Composite Stock Price Index (IHSG) and Foreign Direct Investment (FDI) from 2003 to 2019. Data analysis techniques use regression analysis to explain the relationship between the capital market and foreign investment in Indonesia. Indonesia. The final results of the achievements in this study are to increase literacy understanding about economic activities, capital markets, investment to contribute to economic growth. </em></p> <p>&nbsp;<strong><em>Keywords:</em></strong> <em>IHSG, FDI, Investment, Capital Market, Stock Index.</em></p> Poppy Camenia Jamil, Restu Hayati ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1990 Fri, 26 Feb 2021 00:24:50 +0000 Pengaruh Return On Asset dan Net Profit Margin Terhadap Harga Saham https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1664 <p><em>In the last few years, the national automotive industry has shown fairly attractive developments that are in great demand. This study aims to examine the effect of ROA and NPM on stock prices in automotive and component manufacturing companies listed on the IDX for the 2014-2019 period. The sample in this study there were 5 companies from 13 companies as a population, sampling using purposive sampling, so that the number of samples studied was 30 data for 6 years. The research method used is descriptive quantitative research methods. Based on the results of the research conducted, the authors concluded with the t test and f test, namely: ROA has a negative effect on stock prices, NPM has a positive effect on stock prices. Simultaneously ROA and NPM have an effect on stock prices. Based on this research, it is known that the stock price can be described as 53.3% by ROA and NPM and there are still 46.7% other factors outside the independent variables in this study that can describe the stock price. </em></p> <p><strong><em>Keywords:</em></strong><em> ROA, NPM, Stock Price.</em></p> Abdul Hamid, Dailibas Dailibas ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1664 Fri, 26 Feb 2021 00:29:26 +0000 Pengaruh Current Ratio (CR) Dan Debt To Asset Ratio (DAR) Terhadap Return On Asset (ROA) https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1661 <p><em>One way to look at a company's financial health is by using financial ratios. </em><em>This study aims to determine and analyze the effect of Current Ratio (CR), Dept to Asset Ratio (DAR) on Return On Assets (ROA). The research population used is all plastic and packaging companies listed on the Indonesia Stock Exchange (BEI) for the 2014-2018 period. The research sample consisted of 9 companies selected using purposive sampling method from 14 companies obtained from the website of the Indonesia Stock Exchange (BEI) and the sites of the sample companies. The hypothesis testing method used is multiple linear regression analysis. The results showed that Current Ratio (CR) has an effect on Return On Assets (ROA). And Dept to Asset Ratio (DAR) has no effect on Return On Assets (ROA). </em></p> <p><strong><em>Keywords:</em></strong><em> Current Ratio, Debt to Assets Ratio, Asset Returns</em></p> Cindy Febrianti, Sri Suartini ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1661 Fri, 26 Feb 2021 00:32:22 +0000 Pengaruh Return On Asset, Return On Equity dan Net Profit Margin Terhadap Harga Saham https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1556 <p><em>In an era of globalization like this, the growing public interest in automotive and components in Indonesia, companies should carry out better corporate governance to face competition. This study aims to examine the effect of ROA, ROE, and NPM on stock prices in automotive and component manufacturing companies listed on the IDX for the 2014-2019 period. Sampling using purposive sampling and obtained 5 automotive subsector companies and components from 13 automotive subsector companies and components as samples. So that the number of samples studied is 30 data for 6 years. The research method used is quantitative research methods with descriptive and verification approaches. Based on the results of research conducted by the author using SPSS 20, it can be concluded with the t test and f test, namely: ROA has a negative effect on stock prices, ROE has no effect on stock prices, NPM has a positive effect on stock prices. Simultaneously ROA, ROE and NPM have an effect on stock prices. Based on the determinant coefficient test, it was found that the independent variable affected the dependent by 55.7% and there were still 44.3% other factors outside the independent variable in this study. </em></p> <p><strong><em>Keywords:</em></strong><em> ROA, ROE, NPM, Stock Price.</em></p> Daniel Ramos Simbolon, Sri Suartini ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1556 Fri, 26 Feb 2021 00:36:57 +0000 Pengaruh Penjualan Dan Harga Pokok Penjualan Terhadap Laba Bersih https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1663 <p><em>The problems raised in this study are: analyzing, analyzing and analyzing the analysis and sales and cost of goods sold to net income. The listed companies in the cigarette manufacturing sub-sector were IDX 2011-2019. The number of samples taken were 4 (three) cigarette sub-sector companies from 5 cigarette company populations that had published complete annual financial reports during the study period. The sampling technique used was purposive sampling. This thesis is expected to contribute to the development of accounting, especially financial accounting. The research method used is descriptive quantitative method verivicative with multiple linear regression analysis. Based on the results of data analysis, the results were obtained; Sales have a significant positive effect on net income. And the Sales Price in a partial test has a negative effect on net income, on the same or simultaneous test, Sales and COGS are known to have a significant effect on Net Income.</em></p> <p><strong><em>Keywords:</em></strong><em> Sales, COGS, Net Income,</em></p> Denisa Nurazhari, Dailibas Dailibas ##submission.copyrightStatement## https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/1663 Fri, 26 Feb 2021 00:41:39 +0000