Analisis Pengaruh Kualitas Audit dalam Memoderasi Hubungan Kebijakan Dividen Terhadap Nilai Perusahaan
Abstract
Penelitiaan ini dilakukan dengan tujuan untuk menganalisa kemampuan kualitas audit sebagai moderasi antara pengaruh dampak kebijakan dividen terhadap nilai perusahaan. Penulis menggunakan metode kuantitatif sebagai metode penelitian pada penelitian ini dan dikategorikan sebagai penelitian kausal komparatif. Pemilihan sampel yang peneliti gunakan sebagai sampel dalam penelitian ini adalah perusahaan terbuka yang tercatat di Bursa Efek Indonesia (BEI) dan masuk ke dalam urutan indeks saham LQ 45 sejak tahun 2018 hingga 2022. Jumlah sampel perusahaan yang diteliti ada sebanyak 66 jumlah perusahaan dan telah diseleksi menggunakan teknik purposive sampling. Peneliti memanfaatkan perangkat lunak pengolahan data statistik yang bernama Statistical Package for the Social Sciences (SPSS) untuk melakukan uji outlier dan perangkat lunak E-views 12 untuk menganalisa model terbaik dan pengujian hipotesis. Hasil penelitian menyimpulkan bahwa kebijakan pembayaran dividen dan nilai perusahaan memiliki korelasi yang signifikan dan negatif, sedangkan variabel kualitas audit tidak memiliki pengaruh dalam memoderasi dampak kebijakan dividen terhadap nilai perusahaan. Hal ini artinya pembagian dividen yang terlalu tinggi akan menurunkan nilai perusahaan dan kualitas audit tidak memiliki hubungan dalam memoderasi pengaruh hubungan kebijakan perusahaan dalam membayar dividen dan nilai perusahaan.
Keywords:
Kebijakan Dividen, Kualitas Audit, Nilai Perusahaan, Indeks Saham LQ45
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References
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Sattar, U., Javeed, S. A., & Latief, R. (2020). How audit quality affects the firm performance with the moderating role of the product market competition: Empirical evidence from Pakistani manufacturing firms. Sustainability (Switzerland), 12(10). https://doi.org/10.3390/su12104153
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Sindy, & Butar-Butar, D. T. M. (2023). IMPACT OF TAX AVOIDANCE , STATE OWNERSHIP , FOREIGN OWNERSHIP AND FIRM SIZE TO FIRM VALUE IN INDONESIA. Global Financial Accounting Journal, 07(01), 57–69.
Susanti, S. (2021). Analisis Pengaruh Tata Kelola Perusahaan terhadap Dividend Payout Ratio pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Global Financial Accounting Journal, 5(2), 91. https://doi.org/10.37253/gfa.v5i2.6081
Yolandita, A. A., & Cahyonowati, N. (2022). The effects of audit quality on firm value of Indonesian financial Service Sector (FSS). Diponegoro Journal of Accounting, 11(29), 1–8. https://ejournal3.undip.ac.id/index.php/accounting/article/view/33071
ACA, A. I., MUSA, F., & GARBA, M. (2020). AUDIT QUALITY AND FIRM VALUE OF LISTED INSURANCE COMPANIES IN NIGERIA. Global Scientific Journals, 8(7), 2528–2536.
Adiputra, I. G., & Hermawan, A. (2020). The effect of corporate social responsibility, firm size, dividend policy and liquidity on firm value: Evidence from manufacturing companies in Indonesia. International Journal of Innovation, Creativity and Change, 11(6), 325–338.
Arens, A. A., Elder, R. J., Beasley, M. S., & Hogan, C. E. (2017). Arens_ph17_AudAssServ16ewm.
Bakri, M. A. (2021). Moderating effect of audit quality: The case of dividend and firm value in Malaysian firms. Cogent Business and Management, 8(1). https://doi.org/10.1080/23311975.2021.2004807
Dewi, C., & Anita, A. (2019). Kualitas Audit: Pengaruh Karakteristik Perusahaan dan Tata Kelola Perusahaan. Global Financial Accounting Journal, 3(1), 58. https://doi.org/10.37253/gfa.v3i1.438
Dewi, E. P., & Husain, T. (2020). Pengaruh Intellectual Capital Dan Kualitas Audit Terhadap Nilai Perusahaan Dengan Dividend Policy Sebagai Variabel Moderasi. Ultimaccounting : Jurnal Ilmu Akuntansi, 11(2), 142–159. https://doi.org/10.31937/akuntansi.v11i2.1428
Ellin, & Wati, E. (2023). Jurnal Program Studi Akuntansi Determination of Earnings Quality and Firm Value : New Evidence from Indonesian Non-financial Companies. Jurnal Akuntansi Dan Bisnis, 9(1), 43–65. https://doi.org/10.31289/jab.v9i1.8710
Endri, E., & Fathony, M. (2020). Determinants of firm’s value: Evidence from financial industry. Management Science Letters, 10(1), 111–120. https://doi.org/10.5267/j.msl.2019.8.011
Harakeh, M., Matar, G., & Sayour, N. (2020). Information asymmetry and dividend policy of Sarbanes-Oxley Act. Journal of Economic Studies, 47(6), 1507–1532. https://doi.org/10.1108/JES-08-2019-0355
Husain, T., Sarwani, Sunardi, N., & Lisdawati. (2020). Firm’s Value Prediction Based on Profitability Ratios and Dividend Policy. Finance & Economics Review, 2(2), 13–26. https://doi.org/10.38157/finance-economics-review.v2i2.102
Husna, A., & Satria, I. (2019). Effects of Return on Asset, Debt To Asset Ratio, Current Ratio, Firm Size, and Dividend Payout Ratio on Firm Value. International Journal of Economics and Financial Issues, 9(5), 50–54. https://doi.org/10.32479/ijefi.8595
Itan, I. (2018). Pengaruh Struktur Kepemilikan Perusahaan Dan Audit Tenure Terhadap Kualitas Audit. Global Financial Accounting Journal, 2(1), 38–49.
Juliani, M. (2021). Analisis Faktor-Faktor yang Mempengaruhi Volatilitas Harga Saham pada Perusahaan Non Keuangan di Bursa Efek Indonesia. Global Financial Accounting Journal, 5(2), 37. https://doi.org/10.37253/gfa.v5i2.6004
Lawrence, E., Kingsley, O., & Priscilla, I. (2021). Dividend Policy Determinants of Firm Value in Nigeria. Academic Journal of Digital Economics and Stability, 9(c), 11–22.
Maulidiana, S., & Triandi, T. (2020). Analysis of Fraudulent Financial Reporting Through the Fraud Pentagon Theory. 143(Isbest 2019), 214–219. https://doi.org/10.2991/aebmr.k.200522.042
Munajat Mubaraq, Sri Mangesti Rahayu, Muhammad Saifi, A. D. (2020). The Moderating Effect of Corporate Governance on the Relationship between Earnings Management and Firm Value: Indonesian Evidence. European Journal of Molecular & Clinical Medicine, 07(03), 4402–4412. https://doi.org/10.2991/aicar-18.2019.25
Munawar, A. (2019). The Effect of Leverage, Dividend Policy, Effectiveness, Efficiency, and Firm Size on Firm Value in Plantation Companies Listed IDX. International Journal of Science and Research (IJSR), 8(10 October 2019), 9. https://doi.org/10.21275/ART20201693
Mustiha, F., Darwanis, & Djalil, M. A. (2020). The Effect of Funding Decision And Dividend Policy on Company Value and Its Implications on Stock Return of LQ45 Companies Listed In Indonesian Stock Exchange. Global Academic Journal of Economics and Business, 2(1), 5–10.
Ovami, D. C., & Nasution, A. A. (2020). Pengaruh Kebijakan Dividen Terhadap Nilai Perusahaan yang Terdaftar dalam Indeks LQ 45. Owner (Riset Dan Jurnal Akuntansi), 4(2), 331. https://doi.org/10.33395/owner.v4i2.247
Prasetya Margono, F., & Gantino, R. (2021). Influence of Firm Size, Leverage, Profitability, and Dividend Policy on Firm Value of Companies in Indonesia Stock Exchange. Copernican Journal of Finance & Accounting, 10(2), 45–61. https://doi.org/10.12775/cjfa.2021.007
Pratiwi, V. M., Wijaya, A. L., & Paramitasari, R. (2022). Dividend Policy and Firm Value in Indonesia: The Moderating Role of Capital Structure. CECCAR Business Review, 3(3), 62–72. https://doi.org/10.37945/cbr.2022.03.08
Rahman, M. M., Meah, M. R., & Chaudhory, N. U. (2019). The impact of audit characteristics on firm performance: An empirical study from an emerging economy. Journal of Asian Finance, Economics and Business, 6(1), 59–69. https://doi.org/10.13106/jafeb.2019.vol6.no1.59
Raimo, N., Vitolla, F., Marrone, A., & Rubino, M. (2020). Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint. Business Strategy and the Environment, 30(1), 522–534. https://doi.org/10.1002/bse.2635
Riris Marintan Purba, D. A. S. D. A. D. P. A. (2019). Analysis of Non-Financial Determinants of Company Value In Manufacturing Companies in Indonesia. Jurnal Akuntansi, 23(2), 230. https://doi.org/10.24912/ja.v23i2.584
Sattar, U., Javeed, S. A., & Latief, R. (2020). How audit quality affects the firm performance with the moderating role of the product market competition: Empirical evidence from Pakistani manufacturing firms. Sustainability (Switzerland), 12(10). https://doi.org/10.3390/su12104153
Shah, F. M., & Khalidi, M. A. (2020). Determinants of firm value in shariah compliant companies. Market Forces, 15(1), 86–100. http://www.pafkiet.edu.pk/marketforces/index.php/marketforces/article/view/409
Sindy, & Butar-Butar, D. T. M. (2023). IMPACT OF TAX AVOIDANCE , STATE OWNERSHIP , FOREIGN OWNERSHIP AND FIRM SIZE TO FIRM VALUE IN INDONESIA. Global Financial Accounting Journal, 07(01), 57–69.
Susanti, S. (2021). Analisis Pengaruh Tata Kelola Perusahaan terhadap Dividend Payout Ratio pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Global Financial Accounting Journal, 5(2), 91. https://doi.org/10.37253/gfa.v5i2.6081
Yolandita, A. A., & Cahyonowati, N. (2022). The effects of audit quality on firm value of Indonesian financial Service Sector (FSS). Diponegoro Journal of Accounting, 11(29), 1–8. https://ejournal3.undip.ac.id/index.php/accounting/article/view/33071
Published
2023-08-18
How to Cite
Butar-butar, D., & Chang, A. (2023). Analisis Pengaruh Kualitas Audit dalam Memoderasi Hubungan Kebijakan Dividen Terhadap Nilai Perusahaan. Jambura Accounting Review, 4(2), 189 -198. https://doi.org/10.37905/jar.v4i2.86
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Articles
Copyright (c) 2023 Dea Butar-butar, Angelina Chang
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