THE ROLE OF ACCOUNTING CONSERVATISM AS A MODERATE OF DEBT RATIO EFFECT ON FINANCIAL DISTRESS

Authors

  • Yuni Sukandani Universitas PGRI Adi Buana Surabaya, Indonesia
  • Siti Istikhoroh Universitas PGRI Adi Buana Surabaya, Indonesia
  • Ulfa Puspa Wanti Widodo Universitas PGRI Adi Buana Surabaya, Indonesia
  • Nurba'itty Ning Syahdu Universitas PGRI Adi Buana Surabaya, Indonesia

DOI:

https://doi.org/10.29040/ijebar.v5i2.2351

Abstract

The purpose of this study is to determine the role of accounting conservatism as a moderating between debt ratio and financial distress. Measurement of debt ratio variables using the debt to asset ratio, financial distress using Z-Score analysis, and accounting conservatism using the accrual model. Financial statements of 8 plastic and packaging companies listed on the Stock Exchange are used as population and samples with a purposive sampling technique. Data analysis using Moderated Regression Analysis (MRA) with hypothesis testing t test. The first test results obtained a significant level of 0,000 is smaller than 0,05 (0,000 < 0,05) meaning that the debt ratio affects financial distress. While the second test obtained a significant level of 0,108 is greater than 0,05 (0,108 > 0,05) which means that accounting conservatism is not able to moderate the ratio of debt and financial distress. Iis expected to be useful as a reference source, especially related to the application of accounting conservatism, so that it can be used as a material consideration for companies in applying for loans and anticipating financial distress.

References

Ayu, A.S , et al (2017). Pengaruh Likuditas, Leverage, Profitabilitas, Dan Ukuran Perusahaan Terhadap Financial Distress (Studi pada Perusahaan Manufaktur Sektor Industri Dasar dan Kimia yang Terdaftar di Bursa Efek Indonesia tahun 2012-2015). Jurnal Administrasi Bisnis (JAB), 43(1), 138–147. Universitas Brawijaya.

Harmudji, R. A. (2018). Rasio Keuangan Untuk Memprediksi Financial Distress Pada Perusahaan Manufaktur Sektor Industri Tekstil dan Garmen Yang Terdaftar di BEI. Artikel Ilmiah STIE Perbanas Surabaya.

Kementerian Perindutrian Republik Indonesia. (2017). “Kemenperin : Industri Kemasan Plastik Jadi Rantai Pasok Penting Sektor Lainâ€. (online), https://www.kemenperin.go.id/, diakses tanggal 22 Januari 2020, pukul 12.00 WIB.

Moleong, L. C. (2017). Pengaruh Real Interest Rate dan Leverage Terhadap Financial Distress. MODUS, 30(1), 71–86. Universitas Atma Jaya Yogyakarta.

Nurmalina, R., et al. (2018). Determinan Earnings Response Coefficient dan Peran Konservatisme Akuntansi sebagai Pemoderasi pada Perusahaan Property dan Real Estate . Jurnal Riset Akuntansi & Perpajakan (JRAP), 5(02), 245-258.

Saputra, R. E. (2016). Pengaruh Struktur Kepemilikan Manajerial, Kontrak Utang, Tingkat Kesulitan Keuangan Perusahaan, Peluang Pertumbuhan, Risiko Litigasi, dan Leverage Terhadap Konservatisme Akuntansi (Survey Pada Perusahaan Manufaktur Yang Terdaftar Di BEI). JOM Fekon, 3(1), 2207–2221. Universitas Pekanbaru.

Savitri, E. (2016). Konservatisme Akuntansi (Cara Pengukuran, Tinjauan Empiris, dan Faktor-faktor Yang Menpengaruhinya). Yogyakarta : Pustaka Sahila.

Scott, W. R. (2015). Financial Accounting Theory (7th Edition). Canada : Pearson Education.

Soewardjono. (2014). Teori Akuntansi Perekayasaan Laporan Keuangan (Edisi Ketiga). Jakarta : BPFE.

Suartini dan Sulistiyo. (2017). Analisis Laporan Keuangan Bagi Mahasiswa dan Praktikan. Jakarta : Mitra Wacana Media.

Sudana, I. M. (2015). Teori dan Praktek Manajemen Keuangan Perusahaan (Edisi 2). Jakarta : Erlangga.

Suhartono, S. (2015). Pengaruh Ukuran Perusahaan, Struktur Modal, dan Ketepatan Waktu Penyampaian Laporan Keuangan Tehadap Koefisien Respon Laba Yang Dimoderasi Konservatisme Akuntansi. Jurnal Akuntansi Keuangan, 22(2), 189–217.

Downloads

Published

2021-06-27

How to Cite

Sukandani, Y., Istikhoroh, S., Widodo, U. P. W., & Syahdu, N. N. (2021). THE ROLE OF ACCOUNTING CONSERVATISM AS A MODERATE OF DEBT RATIO EFFECT ON FINANCIAL DISTRESS. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(2). https://doi.org/10.29040/ijebar.v5i2.2351

Issue

Vol. 5 No. 2 (2021): IJEBAR, VOL. 05 ISSUE 02, JUNE 2021

Section

Articles

Citation Check

License

Authors who publish with IJEBAR agree to the following terms: Authors retain copyright and grant the IJEBAR right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material) the work for any purpose, even commercially with an acknowledgement of the work's authorship and initial publication in IJEBAR. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in IJEBAR. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).