Tingkat Kesulitan Keuangan dan Risiko Litigasi Terhadap Kinerja Perusahaan dengan Konservatisme Akuntansi Sebagai Variabel Mediasi
Abstract
This study aims to analyze the effect of financial distress and litigation risk on company performance through the mediating role of conservatism accounting in property and real estate companies on the Indonesia Stock Exchange in 2020. The results of the study explain that the level of financial difficulty and litigation risk has no significant effect on company performance, while conservatism has a significant negative effect. The results also explain that the level of financial distress has a significant negative effect on the accounting conservatism of the company, but the risk of litigation has no significant effect on the accounting conservatism of the company. The results also explain that accounting conservatism can perfectly mediate the effect of the level of financial distress on company performance, but cannot mediate the effect of litigation risk on company performance.
Keywords: Financial Difficulty Level; Litigation Risk; Accounting Conservatism; Performance
Downloads
Download data is not yet available.
References
Administrator Real estate Indonesia. (2020). Terapkan PSAK 72, Pendapatan EMiten Properti Mulai Berimbas. Real Estate Indonesia. http://rei.or.id/newrei/berita-terapkan-psak-72-pendapatan-emiten-properti-mulai-berimbas.html
Affes, H., & Sardouk, H. (2016). Accounting Conservatism and the Company’s Performance: the Moderating Effect of the Ownership Structure. Journal of Business & Financial Affairs, 5(2), 1–8.
Arena, M., & Julio, B. (2011). Litigation risk, cash holdings, and corporate investment.
Awan, T. W. K., & Diyani, L. A. (2016). Prediksi Kebangkrutan Menggunakan Altman Z-Score Studi Kasus pada Perusahaan Rokok yang Terdaftar di BEI Periode Tahun 2012 – 2014. Jurnal Online Insan Akuntan, 1(2), 221–238.
Badawi, A. (2017). Effect of Credit Risk, Liquidity Risk, and Market Risk Banking to Profitability Bank (Study on Devised Banks in Indonesia Stock Exchange). European Journal of Business and Management, 9(29), 1–8.
Citradi, T. (2020). Lampu Kuning Emiten Properti Kala Pandemi, Tahan Berapa Lama? CNBC Indonesia. https://www.cnbcindonesia.com/market/20200720124206-17-173958/lampu-kuning-emiten-properti-kala-pandemi-tahan-berapa-lama
Dash, S. R., & Raithatha, M. (2018). Impact of disputed tax litigation risk on firm performance: evidence from India. Accounting Research Journal, 31(3), 458–478.
Editor Kontan. (2021). Indeks Rumah.com Ungkap Low Season Industri Properti Lebih Terasa di Tengah Pandemi. Kontan. https://pressrelease.kontan.co.id/release/indeks-rumahcom-ungkap-low-season-industri-properti-lebih-terasa-di-tengah-pandemi?page=all
Egbunike, Chinedu, F., Ogbodo, Okenwa, C., Ojimadu., & Okechukwu, J. (2019). The Effect of Financial Distress on Corporate Profitability: A Panel Estimated Generalized Least Squares (EGLS) Approach. Journal of Global Accounting, 6(1), 24–44.
El-Habashy, H. A. (2019). The Impact of Accounting Conservatism on Corporate Performance Indicators in Egypt. International Journal of Business and Management, 14(10), 1–11.
Falachi, D. F. (2021). Tantangan Pasar Properti di 2021. Media Indonesia. https://mediaindonesia.com/opini/377746/tantangan-pasar-properti-di-2021
Farha, F., Handajani, L., & Surasni, N. K. (2020). Peran Konservatisme Akuntansi Dalam Pengaruh Financial Distres Dan Tingkat Hutang Terhadap Pengungkapan Laporan Keberlanjutan. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 8(3), 1–13.
Givoly, D., & Hayn, C. (2000). The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative? Journal of Accounting and Economics, 29(3), 287–320.
Harahap, S. N. (2012). Peranan Struktur Kepemilikan, Debt Covenant, Dan Growth Opportunities Terhadap Konservatisme Akuntansi. Jurnal Ilmiah Mahasiswa Akuntansi, 1(2), 69–73.
Hidayah, A. A. (2020). Properti Dan Pertanian Terpukul Paling Keras Di Bursa Saham. Lokadata. https://lokadata.id/artikel/sektor-ihsg-yang-paling-terdampak-covid-19
Khan, S., Khan, H., & Khan, F. (2019). Firms Audit Committee and External Auditor Influence on Accounting Conservatism and Firm’s Performance. International Journal of Management, Accounting and Economics, 6(1), 22–47.
Madhushani, I. K. H. H., & Kawshala, B. A. H. (2018). The Impact Of Financial Distress On Financial Performance. Journal of Scientific and Research Publications, 8(2), 393–405.
Millah, Z., Luhgiatno, & Wahyuningsih, P. (2020). Analisis Pengaruh Konservatisme Akuntansi Dan Struktur Modal Terhadap Kinerja Keuangan Perusahaan. Jurnal Akuntansi Berkelanjutan Indonesia, 3(1), 72–86.
Mudzakir, I. (2020). Penggerak Ekonomi dan Serap 30 Juta Pekerja, Pemerintah Perlu Perhatikan Sektor Properti. Investor.Id. https://investor.id/business/penggerak-ekonomi-dan-serap-30-juta-pekerja-pemerintah-perlu-perhatikan-sektor-properti
Mustikasari, Y., Wijayanti, A., & Titisari, K. H. (2020). The Effect of Litigation Risk on Accounting Conservatism, Leverage dan Managerial Ownership as Moderation. Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi, 4(1), 144–156.
Nasir, A., Ilham, E., & Yusniati. (2014). Pengaruh Struktur Kepemilikan Manajerial, Risiko Litigasi, Likuiditas, Dan Political Cost Terhadap Konservatisme Akuntansi. Jurnal Ekonomi, 22(2), 93–109.
Ningsih, L. (2020). Bertambah Panjang, Ini Daftar Emiten Properti dalam Pusaran Pailit. WartaEkonomi. https://www.wartaekonomi.co.id/read305147/bertambah-panjang-ini-daftar-emiten-properti-dalam-pusaran-pailit?page=3
Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of theory and evidence on problems and perspectives. Indian Journal of Corporate Governance, 10(1), 74–95.
Pratama, A., Norita, N., & Nurbaiti, A. (2016). Pengaruh Tingkat Kesulitan Keuangan, Risiko Litigasi, Dan Growth Opportunities Terhadap Konservatisme Akuntansi (studi Kasus Pada Perusahaan Sub Sektor Telekomunikasi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2011-2015). EProceedings of Management, 3315–3323.
Putri, A. G. (2017). Pengaruh Kesulitan Keuangan, Risiko Litigasi, Dan Leverage Terhadap Konservatisme Akuntansi Pada Perusahaan Dagang Yang Terdaftar Di Bursa Efek Indonesia (2012-2014). JOM Fekon, 4(1), 1337–1350.
Ramadhoni, Y. (2014). Pengaruh Tingkat Kesulitan Keuangan Perusahaan, Risiko Litigasi, Struktur Kepemilikan Manajerial dan Debt Convenant terhadap Konservatisme Akuntansi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI). JOM Fekon, 1(2), 1–20.
Salehi, M., & Sehat, M. (2019). Debt maturity structure, institutional ownership and accounting conservatism. Asian Journal of Accounting Research, 4(1), 35–51.
Sana’a, N. M. (2016). The effect of accounting conservatism on financial performance indicators in the Jordanian insurance companies. Journal of Internet Banking and Commerce, 21(1), 1–16.
Sari, W. P. (2020). The Effect of Financial Distress and Growth Opportunities on Accounting Conservatism with Litigation Risk as Moderated Variables in Manufacturing Companies Listed on BEI. Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences, 3(1), 588–597.
Satryo, A. G., Rokhmania, N. A., & Diptyana, P. (2017). The influence of profitability ratio, market ratio, and solvency ratio on the share prices of companies listed on LQ 45 Index. The Indonesian Accounting Review, 6(1), 55–66.
Sholikhah, R., & Suryani, A. (2020). The Influence of the Financial Distress, Conflict of Interest, and Litigation Risk on Accounting Conservatism. KnE Social Sciences, 222–239.
Sporta, F. O., Ngugi, P. K., Ngumi, P., & Nanjala, C. S. (2017). The Effect of Financial Leverageas a Financial Distress Factor on Financial Performance on Commercial Banks in Kenya. IOSR Journal of Business and Management, 19(7), 57–71.
Sugiarto, V. H. S., & Fachrurrozie. (2018). The Determinant of Accounting Conservatism on Manufacturing Companies in Indonesia. Accounting Analysis Journal, 7(1), 1–9.
Suryandari, E., & Priyanto, R. E. (2011). Pengaruh Risiko Litigasi dan Tingkat Kesulitan Keuangan Perusahaan terhadap Hubungan antara Konflik Kepentingan dan Konservatisme Akuntansi. Journal of Accounting and Investment, 12(2), 161–174.
Veronica, V., Lestari, U. P., & Metekohy, E. Y. (2019). Analisis Dampak Penerapan Pengakuan Pendapatan Berdasarkan PSAK 72 Terhadap Kinerja Keuangan Perusahaan Real Estat di Indonesia yang Terdaftar di Bursa Efek Indonesia Tahun 2018. 10th Industrial Research Workshop and National Seminar, 965–973.
Wiecandy, N. (2020). Pengaruh Kesulitan Keuangan, Risiko Litigasi, Dan Political Cost Terhadap Konservatisme Akuntansi. Jurnal Akuntansi Dan Ekonomi, 5(3), 64–73.
Wu, W., Peng, F., Shan, Y. G., & Zhang, L. (2020). Litigation risk and firm performance: The effect of internal and external corporate governance. Corporate Governance: An International Review, 28(4), 210–239.
Xu, X., Wang, X., & Han, N. (2012). Accounting conservatism, ultimate ownership and investment efficiency. China Finance Review International, 2(1), 53–77.
Affes, H., & Sardouk, H. (2016). Accounting Conservatism and the Company’s Performance: the Moderating Effect of the Ownership Structure. Journal of Business & Financial Affairs, 5(2), 1–8.
Arena, M., & Julio, B. (2011). Litigation risk, cash holdings, and corporate investment.
Awan, T. W. K., & Diyani, L. A. (2016). Prediksi Kebangkrutan Menggunakan Altman Z-Score Studi Kasus pada Perusahaan Rokok yang Terdaftar di BEI Periode Tahun 2012 – 2014. Jurnal Online Insan Akuntan, 1(2), 221–238.
Badawi, A. (2017). Effect of Credit Risk, Liquidity Risk, and Market Risk Banking to Profitability Bank (Study on Devised Banks in Indonesia Stock Exchange). European Journal of Business and Management, 9(29), 1–8.
Citradi, T. (2020). Lampu Kuning Emiten Properti Kala Pandemi, Tahan Berapa Lama? CNBC Indonesia. https://www.cnbcindonesia.com/market/20200720124206-17-173958/lampu-kuning-emiten-properti-kala-pandemi-tahan-berapa-lama
Dash, S. R., & Raithatha, M. (2018). Impact of disputed tax litigation risk on firm performance: evidence from India. Accounting Research Journal, 31(3), 458–478.
Editor Kontan. (2021). Indeks Rumah.com Ungkap Low Season Industri Properti Lebih Terasa di Tengah Pandemi. Kontan. https://pressrelease.kontan.co.id/release/indeks-rumahcom-ungkap-low-season-industri-properti-lebih-terasa-di-tengah-pandemi?page=all
Egbunike, Chinedu, F., Ogbodo, Okenwa, C., Ojimadu., & Okechukwu, J. (2019). The Effect of Financial Distress on Corporate Profitability: A Panel Estimated Generalized Least Squares (EGLS) Approach. Journal of Global Accounting, 6(1), 24–44.
El-Habashy, H. A. (2019). The Impact of Accounting Conservatism on Corporate Performance Indicators in Egypt. International Journal of Business and Management, 14(10), 1–11.
Falachi, D. F. (2021). Tantangan Pasar Properti di 2021. Media Indonesia. https://mediaindonesia.com/opini/377746/tantangan-pasar-properti-di-2021
Farha, F., Handajani, L., & Surasni, N. K. (2020). Peran Konservatisme Akuntansi Dalam Pengaruh Financial Distres Dan Tingkat Hutang Terhadap Pengungkapan Laporan Keberlanjutan. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 8(3), 1–13.
Givoly, D., & Hayn, C. (2000). The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative? Journal of Accounting and Economics, 29(3), 287–320.
Harahap, S. N. (2012). Peranan Struktur Kepemilikan, Debt Covenant, Dan Growth Opportunities Terhadap Konservatisme Akuntansi. Jurnal Ilmiah Mahasiswa Akuntansi, 1(2), 69–73.
Hidayah, A. A. (2020). Properti Dan Pertanian Terpukul Paling Keras Di Bursa Saham. Lokadata. https://lokadata.id/artikel/sektor-ihsg-yang-paling-terdampak-covid-19
Khan, S., Khan, H., & Khan, F. (2019). Firms Audit Committee and External Auditor Influence on Accounting Conservatism and Firm’s Performance. International Journal of Management, Accounting and Economics, 6(1), 22–47.
Madhushani, I. K. H. H., & Kawshala, B. A. H. (2018). The Impact Of Financial Distress On Financial Performance. Journal of Scientific and Research Publications, 8(2), 393–405.
Millah, Z., Luhgiatno, & Wahyuningsih, P. (2020). Analisis Pengaruh Konservatisme Akuntansi Dan Struktur Modal Terhadap Kinerja Keuangan Perusahaan. Jurnal Akuntansi Berkelanjutan Indonesia, 3(1), 72–86.
Mudzakir, I. (2020). Penggerak Ekonomi dan Serap 30 Juta Pekerja, Pemerintah Perlu Perhatikan Sektor Properti. Investor.Id. https://investor.id/business/penggerak-ekonomi-dan-serap-30-juta-pekerja-pemerintah-perlu-perhatikan-sektor-properti
Mustikasari, Y., Wijayanti, A., & Titisari, K. H. (2020). The Effect of Litigation Risk on Accounting Conservatism, Leverage dan Managerial Ownership as Moderation. Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi, 4(1), 144–156.
Nasir, A., Ilham, E., & Yusniati. (2014). Pengaruh Struktur Kepemilikan Manajerial, Risiko Litigasi, Likuiditas, Dan Political Cost Terhadap Konservatisme Akuntansi. Jurnal Ekonomi, 22(2), 93–109.
Ningsih, L. (2020). Bertambah Panjang, Ini Daftar Emiten Properti dalam Pusaran Pailit. WartaEkonomi. https://www.wartaekonomi.co.id/read305147/bertambah-panjang-ini-daftar-emiten-properti-dalam-pusaran-pailit?page=3
Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of theory and evidence on problems and perspectives. Indian Journal of Corporate Governance, 10(1), 74–95.
Pratama, A., Norita, N., & Nurbaiti, A. (2016). Pengaruh Tingkat Kesulitan Keuangan, Risiko Litigasi, Dan Growth Opportunities Terhadap Konservatisme Akuntansi (studi Kasus Pada Perusahaan Sub Sektor Telekomunikasi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2011-2015). EProceedings of Management, 3315–3323.
Putri, A. G. (2017). Pengaruh Kesulitan Keuangan, Risiko Litigasi, Dan Leverage Terhadap Konservatisme Akuntansi Pada Perusahaan Dagang Yang Terdaftar Di Bursa Efek Indonesia (2012-2014). JOM Fekon, 4(1), 1337–1350.
Ramadhoni, Y. (2014). Pengaruh Tingkat Kesulitan Keuangan Perusahaan, Risiko Litigasi, Struktur Kepemilikan Manajerial dan Debt Convenant terhadap Konservatisme Akuntansi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI). JOM Fekon, 1(2), 1–20.
Salehi, M., & Sehat, M. (2019). Debt maturity structure, institutional ownership and accounting conservatism. Asian Journal of Accounting Research, 4(1), 35–51.
Sana’a, N. M. (2016). The effect of accounting conservatism on financial performance indicators in the Jordanian insurance companies. Journal of Internet Banking and Commerce, 21(1), 1–16.
Sari, W. P. (2020). The Effect of Financial Distress and Growth Opportunities on Accounting Conservatism with Litigation Risk as Moderated Variables in Manufacturing Companies Listed on BEI. Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences, 3(1), 588–597.
Satryo, A. G., Rokhmania, N. A., & Diptyana, P. (2017). The influence of profitability ratio, market ratio, and solvency ratio on the share prices of companies listed on LQ 45 Index. The Indonesian Accounting Review, 6(1), 55–66.
Sholikhah, R., & Suryani, A. (2020). The Influence of the Financial Distress, Conflict of Interest, and Litigation Risk on Accounting Conservatism. KnE Social Sciences, 222–239.
Sporta, F. O., Ngugi, P. K., Ngumi, P., & Nanjala, C. S. (2017). The Effect of Financial Leverageas a Financial Distress Factor on Financial Performance on Commercial Banks in Kenya. IOSR Journal of Business and Management, 19(7), 57–71.
Sugiarto, V. H. S., & Fachrurrozie. (2018). The Determinant of Accounting Conservatism on Manufacturing Companies in Indonesia. Accounting Analysis Journal, 7(1), 1–9.
Suryandari, E., & Priyanto, R. E. (2011). Pengaruh Risiko Litigasi dan Tingkat Kesulitan Keuangan Perusahaan terhadap Hubungan antara Konflik Kepentingan dan Konservatisme Akuntansi. Journal of Accounting and Investment, 12(2), 161–174.
Veronica, V., Lestari, U. P., & Metekohy, E. Y. (2019). Analisis Dampak Penerapan Pengakuan Pendapatan Berdasarkan PSAK 72 Terhadap Kinerja Keuangan Perusahaan Real Estat di Indonesia yang Terdaftar di Bursa Efek Indonesia Tahun 2018. 10th Industrial Research Workshop and National Seminar, 965–973.
Wiecandy, N. (2020). Pengaruh Kesulitan Keuangan, Risiko Litigasi, Dan Political Cost Terhadap Konservatisme Akuntansi. Jurnal Akuntansi Dan Ekonomi, 5(3), 64–73.
Wu, W., Peng, F., Shan, Y. G., & Zhang, L. (2020). Litigation risk and firm performance: The effect of internal and external corporate governance. Corporate Governance: An International Review, 28(4), 210–239.
Xu, X., Wang, X., & Han, N. (2012). Accounting conservatism, ultimate ownership and investment efficiency. China Finance Review International, 2(1), 53–77.
Published
2022-08-26
How to Cite
DEWI, Mira Triana; BARAROH, Tantri; YULIARINI, Sarah.
Tingkat Kesulitan Keuangan dan Risiko Litigasi Terhadap Kinerja Perusahaan dengan Konservatisme Akuntansi Sebagai Variabel Mediasi.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 8, p. 2058-2074, aug. 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/78100>. Date accessed: 02 nov. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i08.p08.
Issue
Section
Artikel
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
