Peran Profitabilitas Dalam Memoderasi Pengaruh Debt Covenant, Insentif Pajak, Dan Institutional Ownership Terhadap Konservatisme Akuntansi
DOI:
https://doi.org/10.30595/ratio.v7i1.28779Keywords:
Accounting Conservatism; Debt covenant; Tax Incentive; Institutional Ownership; ProfitabilityAbstract
Accounting conservatism is an important principle to present financial statements with caution, especially in uncertain economic conditions. However, its application still raises various pro and con arguments. The purpose of this study is to determine the effect of debt covenants, tax incentives, and institutional ownership on accounting conservatism which will be moderated by profitability. This study uses secondary data form financial reports of consumer non-cylicals sector companies listed on the Indonesia Stock Exchange in 2020-2023. The sample was selected using purposive sampling method with moderated regression analysis. The results found that debt covenants and tax incentives have a negative effect on accounting conservatism, institutional ownership has no effect on accounting conservatism, profitability has a positive effect on accounting conservatism, and profitability succeeded in strengthening the negative effect of debt covenants on accounting conservatism, but profitability didn’t succeed in moderating the effect of tax incentives and institutional ownership on accounting conservatism.
References
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Ningsih, D. F., & Utama, D. P. (2021). Analysis of Debt Effect on Profitability of Manufacturing Companies in Indonesia. Journal of Applied Accounting and Taxation, 6(1), 97–107. https://doi.org/10.30871/jaat.v6i1.2750
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Agustina, L., Apriliyani, P., & Jati, K. waluyo. (2023). The Influence of Managerial Ownership, Institutional Ownership, Investment Opportunity Set, and Capital Intensity on Accounting Conservatism with Political Connections as A Moderation Variable. Accounting Analysis Journal, 11(1), 64–74. https://doi.org/10.15294/aaj.v11i1.63340
Ahalik, Suratman, A., & Hidayati, N. (2021). The effect of debt covenant, political cost and ifrs implementation towards the company value. Accounting, 7(4), 907–916. https://doi.org/10.5267/j.ac.2021.1.017
Aini, N., Pirmaningsih, L., & Pradika, N. A. (2023). The Role of Good Corporate Governance in Influenced Accounting Conservatism of Manufacturing Companies in Indonesia. IJEBD (International Journal of Entrepreneurship and Business Development), 6(6), 1094–1105. https://doi.org/10.29138/ijebd.v6i6.2572
Ardiansyah, M. (2022). Accounting Conservatism in the Perspective of Positive Accounting Theory: a Study of Islamic Banking in Indonesia. Asian Economic and Financial Review, 12(6), 380–396. https://doi.org/10.55493/5002.v12i6.4500
Bayu Aji, S., Djasmanuddin, D., & Andriono, A. (2021). Pengaruh Capital Structure, Institutional Ownership, Dan Managerial Ownership Terhadap Profitabilitas Perusahaan. Kajian Ekonomi Dan Bisnis, 16(2), 199–214. https://doi.org/10.51277/keb.v16i2.103
Efendi, M. J., Huda, K., Sholeh, R., & Waluyo, S. E. Y. (2023). Determination Of Debt Covenant, Leverage , Financial Distress Against Accounting Conservatism. IJEBD (International Journal of Entrepreneurship and Business Development), 6(6), 1144–1156. https://doi.org/10.29138/ijebd.v6i6.2584
Eisenhardt, K. M. (1989). Agency Theory : An Assessment and Review. The Academy of Management Review, 14(1)(1), 57–74.
Fauzi, E. N., & Badriyah, M. (2023). Praktik Konservatisme Akuntansi Perusahaan Sektor Pertambangan: Peran Debt Covenant Dan Profitabilitas. Finansha: Journal of Sharia Financial Management, 4(1), 1–17. https://doi.org/10.15575/fjsfm.v4i1.20885
Hajawiyah, A., Wahyudin, A., Kiswanto, Sakinah, & Pahala, I. (2020). The effect of good corporate governance mechanisms on accounting conservatism with leverage as a moderating variable. Cogent Business and Management, 7(1). https://doi.org/10.1080/23311975.2020.1779479
Hardiyanti, F., Azmi, Z., & Ahyaruddin, M. (2022). The Effect Of Debt Covenant, Leverage, Growth Opportunities And Financial Distress On Accounting Conservatism. Bilancia: Jurnal Ilmiah Akuntansi, 6(1), 31–48.
Harini, G., Syamra, Y., & Setiawan, P. (2020). Pengaruh Insentif Pajak , Pajak , dan Cash Flow terhadap Konservatisme. Jurnal Manajemen Dan Kewirausahaan, 1(Januari), 10–23.
Hermanto, & Rizki, N. (2022). Pengaruh Biaya Agensi, Intesitas Modal, Kebijakan Huntang Terhadap Konservatisme Akuntansi, Profitabilitas Sebagai Variabel Moderating. Syntax Literate: Jurnal Ilmiah Indonesia, 7(10), 2548–1398.
Indahsari, D. N., & Fitriandi, P. (2021). Pengaruh Kebijakan Insentif Pajak Di Masa Pandemi Covid-19 Terhadap Penerimaan Ppn. Jurnal Pajak Dan Keuangan Negara (PKN), 3(1), 24–36. https://doi.org/10.31092/jpkn.v3i1.1202
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Jensen, M. C., & Meckling, W. H. (1976). THEORY OF THE FIRM : MANAGERIAL BEHAVIOR , AGENCY COSTS AND OWNERSHIP STRUCTURE. Journal of Financial Economics, 3, 305–360.
Liasari, E. F., & Biduri, S. (2023). Effect of Financial Distress, Leverage, and Company Size on Accounting Conservatism with Profitability as a Moderating Variable. Jurnal Universitas Muhammadiyah Sidoarjo, 1–10. http://dx.doi.org/10.21070/ups.3000
Michael Spence. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374.
Ningsih, D. F., & Utama, D. P. (2021). Analysis of Debt Effect on Profitability of Manufacturing Companies in Indonesia. Journal of Applied Accounting and Taxation, 6(1), 97–107. https://doi.org/10.30871/jaat.v6i1.2750
Novari, R., Yusnaini, Y., & Fuadah, L. L. (2021). The Impact of Tax Incentives, Political Costs, Litigation Risk and Equity Valuation on Accounting Conservatism. Oblik i Finansi, 4(4(94)), 39–45. https://doi.org/10.33146/2307-9878-2021-4(94)-39-45
Pangkey, R., Kantohe, M., & Karwur, Y. (2024). Pengaruh Insentif Pajak dan Kualitas Audit Terhadap Konservatisme Akuntansi. Jurnal Akuntansi Manado (JAIM), 5(1), 300–310. https://doi.org/10.53682/jaim.vi.4458
Picas, S., Reis, P., Pinto, A., & Abrantes, J. L. (2021). Does tax, financial, and government incentives impact long-term portuguese smes’ sustainable company performance? Sustainability (Switzerland), 13(21). https://doi.org/10.3390/su132111866
Prayudiawan, H., & Pamungkas, J. D. (2020). Pengaruh Debt Covenant, Profitability, Exchange Rate, Mekanisme Bonus Pada Transfer Pricing. Akuntabilitas, 13(1), 97–108. https://doi.org/10.15408/akt.v13i1.15328
Priyono, M. Y. V., & Suhartini, D. (2022). Pengaruh Firm Size, Cash Flow, Leverage, Growth Opportunity, Dan Profitability Terhadap Konservatisme Akuntansi. Jambura : Economic Education Journal, 4(1), 51–65. https://doi.org/10.37479/jeej.v4i1.11117
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