Analisis Arus Kas Operasi, Leverage, Likuiditas, Pertumbuhan Perusahaan terhadap Revaluasi Aset Tetap

Muhammad Tarzia, Hermanto Hermanto

Abstract


The purpose of this study is to analyze the effect of operating cash flow, leverage, liquidity and company growth on fixed asset revaluation. In this study, there were 4 companies that met the criteria from a total observation of 46 companies with the object of research being transportation subsector companies listed on the Indonesia Stock Exchange (IDX) during the period 2014 to 2021. The results of this study indicate that the operating cash flow variable has a negative effect on revaluation. fixed assets, leverage has no effect on fixed asset revaluation. The variable liquidity has a negative effect on the revaluation of fixed assets. Taken together operating cash flow, Leverage, Liquidity and growth of the company significantly influence the revaluation of fixed assets. This research can be taken into consideration for investors and shareholders to be more careful in receiving financial statement information provided by companies in making investment decisions. For companies to be able to determine positive policies that can maintain business continuity and meet the expectations of shareholders.


Keywords


company growth; fixed assets revaluation; leverage; liquidity; operating cash flow

Full Text:

PDF

References


Amelinda, F. and Murni, N. S. I. M. 2018, Factors That Infl uence the Revaluation of Fixed Assets in Manufacturing Sector Companies Listed on the Indonesia Stock Exchange Period 2014-2017, The Indonesian Accounting Review, 8(1), 71.

Azmi, A. F. and Ali, S. 2019, Fixed Assets Revaluation and Future Firm Performance: Empirical Evidence from Indonesia, The Indonesian Journal of Accounting Research, 22(3), 419–448.

Brigham, E. F. and Houston, J. 2006, Fundamental of Financial Management: Dasar-dasar Manajemen Keuangan. Edisi 10. Jakarta: Salemba Empat.

Brown, P., Izan, H. and Loh, A. I. 1992, Fixed Asset Revaluations and Managerial Incentives, Abacus, 28(1).

Cho, H., Chung, J. R. and Kim, Y. J. 2021, Fixed asset revaluation and external financing during the financial crisis: Evidence from Korea, Pacific Basin Finance Journal. Elsevier B.V., 67(1)

Cotter, J. and Zimmer, I. 1995, Asset Revaluations and Assessment of Borrowing Capacity, Abacus, 31(2), 136–151.

Faisal, A. R. and Murwaningsari, E. 2019, Determinant of asset revaluation and corporate value (Study on Indonesia Stock Exchange), International Journal of Business, Economics and Law, 18(5), 22–27.

Firmansyah, D., Ahmar, N. and Mulyadi, J. 2019, The Effect of Leverage, Size, Liquidity, Operating Cash Flow on Fixed Asset Revaluation’, The Indonesian Accounting Review, 7(1), 31.

Ghozali, I. 2018, Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.

Giani, R. and Martani, D. 2019, Analysis of Impact of Implementation of Fixed Assets Revaluation Model in Property, Real Estate, Construction, and Bank Companies Listed in Capital Market in 2015, Advances in Economics, Business and Management Research, 89(Apbec 2018), 427–434.

Halsey, R. F., Wild, J. J. and Subramanyam, K. R. 2005, Analisis Laporan Keuangan. Edisi 8. Jakarta: Salemba Empat.

Hastuti, S. et al. 2020, Motives for Fixed Asset Revaluations: Empirical Study in Indonesia Stock Exchange’, International Journal of Economics, Business and Management Research, 4(10), 75–84.

Henderson, S. and Goodwin, J. 1992, The Case Againts Asset Revaluation, Abacus, 28(1), 75–86.

IAI, 2020, PSAK No. 16 tentang Aset Tetap. Edisi Revi. Jakarta: Dewan Standar Akuntasi Keuangan.

Indonesia, G. 2020, Laporan Tahunan PT. Garuda Indonesia (Persero), Tbk. Jakarta.

Jannah, R. and Diantimala, Y. 2018, Faktor-Faktor yang Mempengaruhi Perusahaan Melakukan Revaluasi Aset Tetap Sesuai Dengan PSAK 16 (2015) di Indonesia, Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi (JIMEKA), 3(3), 1.

Jefriyanto and Mulya, H. 2018, Fixed Asset Revaluation’:, International Journal of Science and Research (IJSR), 8(2), 433–439.

Rafay, A., Yasser, F. and Khalid, Z. 2019, Revaluation of non-current assets under IAS-16: Possibility of any managerial inducement: Evidence from a South Asian economy, DLSU Business and Economics Review, 29(1), 93–105.

Rahman, M. T. and Hossain, S. Z. 2020, Does fixed asset revaluation create avenues for financial numbers game? Evidence from a developing country’, Journal of Asian Finance, Economics and Business, 7(9), 293–304.

Shamsadini, H., Nasab, V. B. and Mulia, J. 2022, The Moderating Effect of the Inflation on the Relationship between Asset Revaluation and the Financial Statements of Companies Listed on the Tehran and Bombay Stock Exchanges, 6(2), 53–68.

Solikhah, B. et al. 2020, Fixed assets revaluation to increase value relevance of financial statements’, Journal of Critical Reviews, 7(5), 589–594.




DOI: http://dx.doi.org/10.33087/jiubj.v23i3.3623

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

ADRESS JOURNAL

JURNAL ILMIAH UNIVERSITAS BATANGHARI JAMBI (JIUBJ)
Published by Lembaga Penelitian dan Pengabdian kepada Masyarakat
Adress: Jl.Slamet Ryadi, Broni-Jambi, Kec.Telanaipura, Kodepos: 36122, email: jiubj.unbari@gmail.com, Phone: 0741-670700

Creative Commons License This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.