Analisis Efisiensi Perusahaan Manufaktur yang Terdaftar di Bursa Efek Jakarta Sebelum dan Sesudah Berlakunya Undang-Undang Perpajakan 2000

Siti Rochmah Ika

Abstract


The main objective of this study is to examine the efficiency of listed manufacture company before and after the implementation of Tax Reform 2000. Further more, this study particularly focused on the efficiency of food and beverages, tobacco, and automotive industry sectors before and after the implementation of Tax Reform 2000. Variables that are used to measure the performance are financial ratios including liquidity ratio, solvability ratio, and profitability ratios. Sample of this study consist of a hundred and thirty listed manufacture companies. Wilcoxon signed rank is utilized to test the ratios individually. Moreover, Wilks Lambda Manova test is used to test the ratios simultaneously. The finding of this research indicates that the efficiency of the manufacture (all sectore) and automotive industry companies before and after the implementation of Tax Reform 2000 are statistically different. In terms of testing the financial ratios individually, the efficiency of manufacture and automotive industry companies are significantly different in all ratios. However, the differences are temporary and not consistent. In contrast, the efficiency of food and beverages companies and tobacco companies are not significantly different before and after the implementation of Tax Reform 2000.

References


Altman, E.I. 1968. September. “Financial Ratios, Discriminant Analysis and Prediction of Corporate Bankruptcy”. The Journal of Finance: 589 – 609.

Beaver, W. H. 1968. “Financial Ratios as Predictor of Failure”. Empirical Research in Accounting, Supplement to Journal of Accounting Research: 71 – 111.

Manurung, Adler. 1996. “Assets Pricing Model on The Jakarta Stock Exchange: A Nonparametric Analysis”. Kelola Gajah Mada University Business Review 12(5): 70-79.

Machfoedz, Mas’ud. 1999. “Pengaruh Krisis Moneter pada Efiensi Perusahaan Publik di Bursa Efek Jakarta”. Jurnal Ekonomi dan Bisnis Indonesia 14(1): 37-49.

Payamta dan Mas’oed Machfoedz. 1999. “Evaluasi Kinerja Perusahaan Perbankan Sebelum dan Sesudah Menjadi Perusahaan Publik Di Bursa Efek Jakarta”. Kelola Gadjah Mada Business Review 20(8): 55-59

Radianto, Wirawan Endro Dwi. 2004. “Analisis Efisiensi Perusahaan Bank yang Terdaftar di BEJ Sebelum dan Sesudah Diberlakukannya Undang-Undang Perpajakan 2000”. Makalah SNA VII. Denpasar, Bali.

Suandi, Erly. 2002. Hukum Pajak. Edisi Kedua. Jakarta: Salemba Empat

Zainuddin dan Jogianto Hartono. 1999. “Manfaat Rasio Keuangan dalam Memprediksi Pertumbuhan Laba: Suatu Studi Empiris pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Jakarta”. Jurnal Riset Akuntansi Indonesia 12(1): 66-90.

Zmijewski, ME. 1984. “Methodological Issues Related to The Estimation of Financial Distress Model.” Journal of Accounting Research: 59-82.

____________. 2004. “Mencermati 100 Pembayar Pajak Terbesar”. Berita Pajak 1509: 36-42.

_____________. 2000. Indonesian Capital Market Directory 2000. Jakarta: Institute for Economics and Financial Research.

_____________. 2003. Indonesian Capital Market Directory 2003. 9th Edition. Vol.1 dan 2. Jakarta: Institute for Economics and Financial Research.




DOI: http://dx.doi.org/10.20961/jab.v6i2.46

Jurnal Akuntansi dan Bisnis (JAB)
ISSN 1412-0852 (print), 2580-5444 (online)
Published by Accounting Study Program, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia


Creative Commons License
JAB on http://jab.fe.uns.ac.id/index.php/jab is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License

Visitor Statistic