ANALISIS FRAUDULENT FINANCIAL STATEMENT DALAM PERSPEKTIF VOUSINAS’ HEXAGON FRAUD THEORY PADA PERUSAHAAN SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BEI TAHUN 2015 – 2019
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Institusion
STIE Indonesia Banking School
Author
RAWANTIKA, DEVITA MELIANI
Subject
HF5001 Business
Datestamp
2022-09-21 06:02:38
Abstract :
This study aims to analyze the Vousinas' Hexagon Fraud Theory on the potential occurrence of a fraudulent financial statement as measured using the Beneish M-Score model. Hexagon fraud consists of six elements which are used as independent variables in this study, namely pressure (financial stability, external pressure, and financial targets), opportunity (nature of industry and effective monitoring), rationalization, competence, arrogance, and collusion. The population in this study are all mining sector companies listed in Indonesia Stock Exchange (IDX) for the period of 2015 ? 2019. The sample in this study was selected using purposive sampling which obtained a sample of 31 companies from a total of 47 mining sector companies that were used as populations in this study. Data analysis techniques in this study using logistic regression analysis with the help of Eviews 9 software. The results of this study state that pressure with proxies of financial stability (ACHANGE), opportunities with proxies of industrial properties (RECEIVABLE) and rationalization (TATA) partially have a significant positive effect on the possibility of fraudulent financial statement. Meanwhile, pressure with the proxy financial target (ROA) partially has a negative effect on the possibility of fraudulent financial statement. The competency, arrogance, and collusion variables did not have a significant effect on fraudulent financial statements.
This study aims to analyze the Vousinas' Hexagon Fraud Theory on the potential occurrence of a fraudulent financial statement as measured using the Beneish M-Score model. Hexagon fraud consists of six elements which are used as independent variables in this study, namely pressure (financial stability, external pressure, and financial targets), opportunity (nature of industry and effective monitoring), rationalization, competence, arrogance, and collusion. The population in this study are all mining sector companies listed in Indonesia Stock Exchange (IDX) for the period of 2015 ? 2019. The sample in this study was selected using purposive sampling which obtained a sample of 31 companies from a total of 47 mining sector companies that were used as populations in this study. Data analysis techniques in this study using logistic regression analysis with the help of Eviews 9 software. The results of this study state that pressure with proxies of financial stability (ACHANGE), opportunities with proxies of industrial properties (RECEIVABLE) and rationalization (TATA) partially have a significant positive effect on the possibility of fraudulent financial statement. Meanwhile, pressure with the proxy financial target (ROA) partially has a negative effect on the possibility of fraudulent financial statement. The competency, arrogance, and collusion variables did not have a significant effect on fraudulent financial statements.
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