DETERMINASI EFISIENSI INVESTASI
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Institusion
Universitas Pembangunan Nasional Veteran Jakarta
Author
Anita Fajriani, .
Subject
HF5601 Accounting
Datestamp
2021-08-12 10:12:26
Abstract :
The purpose of this study is to determine the effect of financial statement quality, institutional ownership, debt maturity on investment efficiency and equity to asset ratio as controlling variable. This study focused on manufacturing companies listed on Indonesia Stock Exchange (IDX) in 2016-2019. Based on purposive sampling method, resulting in a sample of 23 companies. The predictive model uses the panel regression with Eviews 9. The measurement for investment efficiency use model from Gomariz & Ballesta (2013), financial statement quality use a proxy of total accrual, institutional ownership indicate with percentage of institutional ownership, the ratio of short term debt use as measured for debt maturity, and equity to asset ratio calculate with equity divide asset companies. The result indicate that (1) financial statement quality has significant effect on the investment efficiency (2) institutional ownership has no significant effect on the investment efficiency (3) debt maturity has significant effect on investment efficiency (4) equity to asset reporting has no significant effect on investment efficiency.
The purpose of this study is to determine the effect of financial statement quality, institutional ownership, debt maturity on investment efficiency and equity to asset ratio as controlling variable. This study focused on manufacturing companies listed on Indonesia Stock Exchange (IDX) in 2016-2019. Based on purposive sampling method, resulting in a sample of 23 companies. The predictive model uses the panel regression with Eviews 9. The measurement for investment efficiency use model from Gomariz & Ballesta (2013), financial statement quality use a proxy of total accrual, institutional ownership indicate with percentage of institutional ownership, the ratio of short term debt use as measured for debt maturity, and equity to asset ratio calculate with equity divide asset companies. The result indicate that (1) financial statement quality has significant effect on the investment efficiency (2) institutional ownership has no significant effect on the investment efficiency (3) debt maturity has significant effect on investment efficiency (4) equity to asset reporting has no significant effect on investment efficiency.
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