Jurnal Bisnis dan Ekonomi

PENGARUH RASIO PEMBAYARAN DIVIDEN DAN PENGELUARAN MODAL TERHADAP EARNINGS RESPONSE COEFFICIENTS (ERC) DENGAN ARUS KAS BEBAS SEBAGAI VARIABEL PEMODERASI

2019-07-03T10:06:38+07:00

The purpose of this study is to obtain empirical evidence whether dividend
payout ratio and capital expenditure influenced to earnings response coeffcients
(ERC) with free cash flow as a moderating variable. The sample is drawn by a the
purposive sampling technique from whole companies listed in BEJ, except
financial companies. This study had been done for 3 years, 2003-2005, and
obtained 31 companies fulfilled criteria as sample. Examination of hypothesis
used multiple-regression analysis with significant level about 5%. This study
provides empirical evidence that free cash flow hasn’t impact on influence
dividend payout ratio to ERC, and free cash flow also hasn’t impact on influence
capital expenditure to ERC.
Keyword: Free Cash Flow, Dividend Payout Ratio, Capital Expenditure,
Earnings Response Coeeficients

DAMPAK KEPEMILIKAN MANAGERIAL, LARGE EXTERNAL SHAREHOLDERS TERHADAP STRUKTUR MODAL DALAM PERSPEKTIF TEORI KEAGENAN

2019-07-03T10:06:39+07:00

The aims of this research are to provide empirical evidence about the effects of management
ownership and ownership by large external shareholders on the capital structure of the firm, and
also to analyse effects of interaction between management ownership and ownership by large
external shareholders on the capital structure. This analysis is basically for perspective agency
theory.
Population in this research are all manufacture industry firms which a listed in Jakarta Stock
Exchange, during year 2000-2005. Method intake of sample is purposive sampling. Data
collecting done with cross-sectional, final sample consists of 128 firms a year. Data analyzing
technique used 4 equation models with SPSS program. Examination to hypothesis is basically
done after detecting outlier and test of classic assumption.
Result of finding show that capital structure (Debt ratio) is positively related to management
ownership and negatively related to ownership by large external shareholders. Furthermore, the
presence of large external shareholders acts to negate the positive relationship between debt ratio
and management ownership not proved. Profta and Growta variables are negatively relatively
related to debt ratio and debt ratio is positively related to firm size, and significant.
Key words: Capital structure; management ownership, Large external Shareholder, and
Agency theory.

ANALISIS RASIO BIAYA SUMBERDAYA DOMESTIK USAHA BUDIDAYA RUMPUT LAUT DI INDONESIA

2019-07-03T10:06:39+07:00

The objective of this research was focussed to analyse the domestic resouce cost ratio
(DRC) of is effort seaweed from various research location, like Karimun Java, Probolinggo,
Sumenep, Klungkung, Badung, Lombok East Island, Sumbawa, Bima, Jeneponto, Palopo, and
Bulukumba. Result of analysis of domestic resouces cost ratio indicate that the effort seaweed in
various research location can be growth, althought goverment does not support or intervensi.
Bulukumba (0,03) represent the area owning lowest the domestic resouce cost ratio, followed by
Karimun Jawa (0,03), Probolinggo (0,04), Klungkung (0,07), Sumbawa (0,08), Bima (0,09),
Sumenep (0,1), Badung (0,13), Jeneponto (0,3), dan Lombok Timur (0,35).If DRC value < 1
means that comodity can be growth, althought goverment does not support or intervensi. In the
effort improving economic growth rate, commodity with value of DRC smaller will get higher
priority in development.
Key Words: Domestic Resource Cost Ratio and Seaweed

KEMAMPUAN INFLASI PADAMODEL PURCHASING POWER PARITY DALAM MENJELASKAN NILAI TUKAR RUPIAH TERHADAP DOLLAR AMERIKA SERIKAT

2019-07-03T10:06:39+07:00

This research will analyze the relationship between inflation variable with exchange value
of Rupiah toward American Dollar. The model used is Purchasing Power Parity (PPP) model by
using Error Correction Model (ECM) analysis instrument. The employment of PPP model is
based on the empirical evidence which shows the ability of PPP model in predicting and
explaining the behaviour of the exchange value. While the reason of using ECM is that it is able to
explain the long term and short term behaviour of the exchange value.
The result of the result shows that in the short term period of time the inflation variable
does not significantly influence the fluctuation of the Rupiah’s exchange value toward the
American Dollar and the amount of money flowing. On the other hand, national income variable
and interest variable significantly influence the exchange value of Rupiah toward American
Dollar. The main emphasis of the research is that positive direction coefficient between inflation
and exchange value in the short term. The estimation result of the ECM shows that error
correction term (ECT) value equal zero. Therefore, it is concluded that the model used is valid.
Key Words : Purchasing Power Parity, Inflasi , Error Correction Models , Kurs

STUDI EMPIRIS MENGENAI PENERAPAN METODE SAMPLING AUDIT DAN FAKTORFAKTOR YANG MEMPENGARUHI PENGGUNAAN METODE SAMPLING AUDIT OLEH AUDITOR BPK

2019-07-03T10:06:39+07:00

To obtain the adequate evidence, auditor does not have to test all existing transaction.
Along of cost benefit consideration, it is impossible for auditor to test all transaction evidence.
Based on this consideration; then in profession recognized widely that most evidence obtained
using sampling. The limited audit sampling research motivated the writer to conduct this research.
This research is a development from previous researches by Hall of et al. (2002) and Zarkasyi
(1992). Researcher take the governmental auditor (BPK) as research subjects because sampling
problems in goverment audit differ from the practice make an audit of the private sector (Arkin,
1982). The purpose of this research is portraying how sampling audit practice in BPK and explore
factors affecting the use of sampling method by governmental auditors...
The responses from 122 respondents show 70,5% respondents did not use the statistical
sampling method. In nonstatistics sample selection method, two techniques which less get the
support empirically namely haphazard and block sampling, in the second (32,6%) and third rank
(11,6%). There is indication of selection bias mostly in size, measure, and location. Most
respondents (76,25%) answered that they did not get formal training in avoiding selection bias.
But that way only 36,9% respondents replied they did not use the procedures to mitigate the
selection bias.
There are four factors which hypothesized affecting the method used in audit sampling.
These factors are auditor perception to statistical sampling method, auditor perception to
perceived audit risk, time pressure and experience. Result from logit regression test indicated that
among four factors hypothesized, only perception factor to statistical sampling method is
significantly influent to the method used in audit sampling.
Key words: Sampling Audit, Governmental Auditor, Selection Bias.

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI VOLUNTARY DISCLOSURE LAPORAN TAHUNAN PERUSAHAAN

2019-07-03T10:06:39+07:00

Management have accurate information about unknown company value by external
investor, meaning that management generally has more complete and accurate information
compare to outside party of the company about the company value. Voluntary disclosure
information published by a company will possibly give information about the company in such a
more detail way. This research aims to test influence of the ownership of public share, company
bases, ROI, size of a company and leverage ratio towards the scope of voluntary disclosure.
The research sample are 66 manufacturing companies which release voluntary disclosure
in 2004 and 2005. The result of the study shows that the ownership of public share influences
significantly the scope of voluntary disclosure in the annual report of company ( p = 0,037 <
0,05). Company bases own positive influence which is significantly to the scope of voluntary
disclosure in the annual report of the company ( p = 0,029 < 0,05). Ratio of ROI probability does
not own significant influence to the scope of voluntary disclosure in the annual report of the
company ( p = 0,686 > 0,05). The size of the company owns positive influence and significant to
the scope of voluntary disclosure in the annual report of the company. ( p = 0,001 < 0,05) and
ratio of company leverage does not own significant influence to the scope of voluntary disclosure
in annual the report of the company ( p = 0,129 < 0,050)
Keywords: Size ,ROI, Public Ownership,Leverage,Voluntary Disclosure.

PENGARUH KOMITMEN ORGANISASIONAL DAN PROFESIONAL TERHADAP KEPUASAN KERJA AUDITOR DENGAN MOTIVASI SEBAGAI VARIABEL INTERVENING (Studi Empiris pada Kantor Akuntan Publik di Semarang)

2019-07-03T10:06:39+07:00

Job satisfaction is very necessary for any profession. Job satisfaction of auditor
increasingly paid attention to increase performance so that purpose of reachable company or
organization. Many factors which can increase job/activity one of them is commitment.
Commitment of it self divided to become two types, those are organizational commitment and
professional commitment. How far commitment influence to job satisfaction is tested to returns to
in this research, by peeping out motivation is intervening variables.
Test utilized to analyze commitment influence to job satisfaction that is regression test,
path analysis as well as statistic T test. Research data obtained from questionary answer
propagated to the auditors working for Kantor Akuntan Publik in Semarang. Result of research
analysis express that commitment has positive influence and significant to job satisfaction of
Auditor. From knowable path analysis that relation between organizational commitment and also
professional commitment is relationship that is direct without. Existence of motivation as
intervening variable. So it job satisfaction of auditor wish to be improved, hence an auditors shall
have high commitment either that is to the organization and also profession.
Key words: organizational commitment, professional commitment, motivation and job
satisfaction.