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Journal : Diponegoro Journal of Economics

Analysis Quality of Financial Reporting, Free Cash Flow, Asset Tangibility, and Liquidity of Investment Efficiency With In Moderation To Debt Maturity Septiana, Dinda Ayu; Muharam, Harjum; Mawardi, Wisnu
Diponegoro Journal of Economics Volume 9, Nomor 1, Tahun 2020
Publisher : Diponegoro Journal of Economics

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Abstract

This study aims to analyze the role of free cash flow, asset tangibility, liquidity, and thequality of financial reporting which is moderated by debt maturity in investment efficiency.This study takes State-Owned Enterprises companies listed on the Indonesia Stock Exchangefrom 2011 to 2017 as a population. The purposive sampling method is used as a sampling inresearch. The number of companies that can meet the criteria is 17 companies. This studyuses data from the company's annual financial statements listed on the Stock Exchange,which consists of total investment, free cash flow, asset tangibility, liquidity, and debtmaturity. There are five hypotheses in this study, and analyzed using multiple regression withSPSS tools. The results of this study indicate that the quality of financial reporting has apositive and significant effect on investment efficiency. In addition, the quality of financialreporting moderated by debt maturity has a positive and significant effect on investmentefficiency. For free cash flow, asset tangibility, and liquidity do not have an effect oninvestment efficiency.
Co-Authors Abdul Aziz Nurul Akhsan, Abdul Aziz Nurul agasa, Qaharuna Andreana Dita Paramitha, Andreana Dita Apriyani, Duwi Asep Mulyana Axel Giovanni Azhary, Alwan Bellinda, Bianda Dewi, Febrina Eka Dhani Utary Firmanah, Dhani Utary Dheni Saraswati Almara, Dheni Diana Eka Farida, Diana Eka Dinda Ayu Septiana, Dinda Ayu Dwi Gama Primadasa, Dwi Ersabathari, Ruth Valencia Erwin Erwin Faraga, Filus Farah Nur Sabrina, Farah Nur Fitriati, Ika Rosyada Galuh Kusuma Putri Gata Niztiar, Gata Habib Bitomo, Habib Handayani, Heny Handayani, Suyati Hanung Sakti Hanung Sakti, Hanung Haryanto, Antonius Mulyo Hasna Penta Kurnia Hasna Penta Kurnia Hasna Penta Kurnia Heni Hirawati Heny Handayani Hepdityo Rizki Adam Damanik, Hepdityo Rizki Ima Mediana, Ima Indra Eka Putra Isfenti Sadalia Jumadil Saputra M. Andika Jawara Pratama M. Chabachib Maria Rio Rita Miftahusni,, Nundy Mohammad Chabachib Muhammad Fadhil Rabbani Muhammad Panji Muhammad Panji, Muhammad Muhammad Talkhisul Abid Muhammad Talkhisul Abid Nabila H.N. Farida A., Nabila H.N. Nadya Purnamasari, Nadya Nency I, Yashinta Nirmala Luthfiya Atyanta Putri Andriana, Putri Rabbani, Muhammad Fadhil Rahayu, Nugroho Tulus Rico Nur Ilham Riskin Hidayat Rizki Yogonugroho, Muhammad Robiyanto Robiyanto, Robiyanto Samasta, Almira Santi Santa Situmeang, Santa Saraswati, Niken Silvia Hendrayanti Sugeng Wahyudi, Sugeng Sugiono Sugiono Syafrullah, Saddek T. Muhd. Redha Vahlevi, T. Muhd. Redha Tara Ninta Ikrima Teuku Muhammad Haqiqi, Teuku Muhammad Wisnu Mawardi Wulandari, Cahyani Sulistyaning Yacobo P Sijabat Yasmin, Amanda Ratri Yudianto, Iwan