Peran Utang Pada Hubungan Kepemilikan Institusional Dengan Penjualan Pihak Berelasi
Article Sidebar
Main Article Content
Abstract
This study aims to examine the role of debt in moderating the effect of institutional ownership on sales to related parties. This research is a sample study, which includes 300 companies from 706 manufacturing sector companies during the 2017-2020 observation year. The sample was selected with certain criteria techniques. The analytical method used is moderated regression analysis. The results of the study found that institutional ownership has a significant positive effect on sales to related parties. Debt is not able to moderate the effect of institutional ownership on sales to related parties.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
An author  who publishes in the  Jurnal Manajemen Teknologi agrees to the following terms:
- Author retains the  copyright and grants the journal the right of first publication of  the work simultaneously licensed under the Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Author is  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 the  acknowledgement of its initial publication in this journal.
- Author is  permitted and encouraged to post his/her  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 the published work (See The Effect of Open Access).
Jurnal Ekonomi Manajemen Teknologi (EMT) KITA by http://journal.lembagakita.org/index.php/emt/index is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
Bansal, S., & Thenmozhi, M. (2020). Does Concentrated Founder Ownership Affect Related Party Transactions? Evidence from an Emerging Economy. Research in International Business and Finance, 53(December 2018), 101206. https://doi.org/10.1016/j.ribaf.2020.101206.
Chen, S., Wang, K., & Li, X. (2012). Product market competition, ultimate controlling structure and related party transactions. China Journal of Accounting Research, 5(4), 293–306. https://doi.org/10.1016/j.cjar.2012.11.001.
Ermad, E. (2012). Pengaruh Tangibility, Pertumbuhan Penjualan, Profitabilitas, dan Kepemilikan Institusional terhadap Struktur Modal pada Perusahaan Industri Dasar dan Kimia yang terdaftar di Bursa Efek Indonesia (Phdthesis). Tesis. Banda Aceh: Program Studi Magister Akuntansi Program Pasca Sarjana.
Ermad, E., & Umar, Z. (2021). BISMA Cendekia Impact of Corporate Governance , Financial Leverage , and Sales Growth on Tax Avoidance of Manufacturing Sector Companies Listed on the Indonesia Stock Exchange. 1(2), 6–13.
Ermad M.J, Umar, Z., & Suemdra, D. A. (2022). Komisaris Independen dalam Memoderasi Kepemilikan Institusional Terhadap Penjualan Pihak Berelasi. Jurnal EMT KITA, 6(1), 35–42. https://doi.org/10.35870/emt.v6i1.486.
Ermad, & Zuraidah. (2019). Influence of Tangibility and Institutional Ownership on Sector Company Capital Structure Basic Industry and Chemistry Registered in Indonesia Stock Exchange. Journal Online Jaringan Pengajian Seni Bina (JOJAPS), 13, 10–15.
Felix, & Hanna. (2020). The Effect of Governance, Disclosure Levels, and Audit Quality Toward The Magnitude of Related Party Transaction. Klabat Accounting Review, 1(1), 1–13. Retrieved from https://doi.org/10.24843/EJA.2019.v29.i02.p08.
Kang, M., Lee, H. Y., Lee, M. G., & Park, J. C. (2014). The association between related-party transactions and control-ownership wedge: Evidence from Korea. Pacific Basin Finance Journal, 29, 272–296. https://doi.org/10.1016/j.pacfin.2014.04.006.
Lin, Y. R., & Fu, X. M. (2017). Does institutional ownership influence firm performance? Evidence from China. International Review of Economics and Finance, 49(October 2016), 17–57. https://doi.org/10.1016/j.iref.2017.01.021.
Perdana, A. A. (2019). The Influence of Institutional Ownership, Leverage, and Audit Committee on Earnings Management: Evidence of Companies Listed on the Indonesia Stock Exchange. Journal of Accounting Research, Organization and Economics, 2(2), 97–112. https://doi.org/10.24815/jaroe.v2i2.14633.
Sari, N. A., & Artinah, B. (2018). Faktor penentu transaksi pihak berelasi : struktur kepemilikan dan tingkat pengungkapan. Jurnal Ilmiah Bisnis Dan Keuangan, 8(2), 71–78.
Sari, R. M., & Wijaya, C. (2020). The Impact of Leverage on Real Earnings Management in Indonesia Non-Financial Listed Company for the Period 2009- 2014. International Journal of Business and Management Invention, 9(5), 15–22.
Sugiono, S. (2004). Konsep, Identifikasi, Alat Analisis dan Masalah Penggunaan Variabel Moderator [JOUR]. Jurnal Studi Manajemen Organisasi, 1(2), 61–70.
Utama, C. A. (2015). Penentu Besaran Transaksi Pihak Berelasi: Tata Kelola, Tingkat Pengungkapan, Dan Struktur Kepemilikan. Jurnal Akuntansi Dan Keuangan Indonesia, 11(1), 37–54. https://doi.org/10.21002/jaki.2015.03
Yeh, Y. H., Shu, P. G., & Su, Y. H. (2012). Related-party transactions and corporate governance: The evidence from the Taiwan stock market. Pacific Basin Finance Journal, 20(5), 755–776. https://doi.org/10.1016/j.pacfin.2012.02.003
Zamri, N., Rahman, R. A., & Isa, N. S. M. (2013). The Impact of Leverage on Real Earnings Management. Procedia Economics and Finance, 7(Icebr), 86–95. https://doi.org/10.1016/s2212-5671(13)00222-0.