Determinan Revaluasi Aset Tetap pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2021–2024

Putri Putri; Sufiyati Sufiyati

doi:10.61132/menawan.v4i6.2774

Authors

Putri Putri Universitas Tarumanagara Jakarta
Sufiyati Sufiyati Universitas Tarumanagara Jakarta

DOI:

https://doi.org/10.61132/menawan.v4i6.2774

Keywords:

Company Size, Fixed Asset Intensity, Fixed Asset Revaluation, Leverage, Liquidity

Abstract

This study aims to analyze the effects of company size, fixed asset intensity, leverage, liquidity, and operating cash flow on fixed asset revaluation decisions among manufacturing companies listed on the Indonesia Stock Exchange during 2021–2024. This research employs a quantitative approach using secondary data obtained from corporate financial statements. The sample consists of 73 companies observed over four years, resulting in 292 firm-year observations. Data analysis was conducted using binary logistic regression with IBM SPSS Statistics 19. The test results indicate that company size has a negative but insignificant effect on fixed asset revaluation decisions, whereas fixed asset intensity has a positive and significant effect. The effects of leverage, liquidity, and operating cash flow are evaluated based on their respective regression coefficients and significance levels. These findings suggest that fixed asset intensity is a relevant factor in explaining companies’ decisions to revalue their fixed assets. This study is expected to contribute empirical evidence to the development of accounting literature, particularly regarding the factors influencing fixed asset revaluation decisions. Furthermore, the findings may assist management in determining fixed asset accounting policies and help investors and creditors evaluate corporate financial information more comprehensively. Thus, this research is expected to broaden understanding of the considerations underlying companies’ choices of fixed asset revaluation policies.

Downloads

Download data is not yet available.

References

Amelinda, F., & Murni, N. S. I. (2018). Factors that influence the revaluation of fixed assets in manufacturing sector companies listed on the Indonesia Stock Exchange period 2014–2017. The Indonesian Accounting Review, 8(1), 71–80. https://journal.perbanas.ac.id/index.php/tiar/article/download/1530/pdf/4518

Fathmaningrum, E. S., & Yudhanto, S. K. (2019). Determinants of fixed asset revaluation decision and its impacts on market reaction: A comparative study in Indonesia and Singapore. Journal of Accounting and Investment, 20(2), 76–98. https://doi.org/10.18196/jai.2002118

Fauziah, Y. N., & Pramono, H. (2020). Pengaruh leverage, likuiditas, ukuran perusahaan, dan fixed assets intensity terhadap revaluasi aset tetap (studi empiris pada perusahaan aneka industri yang terdaftar di BEI tahun 2014–2018). Ratio: Reviu Akuntansi Kontemporer Indonesia, 1(1), 48–66. https://doi.org/10.30595/ratio.v1i1.7974

Firmansyah, D., Ahmar, N., & Mulyadi, J. (2017). The effect of leverage, size, liquidity, operating cash flow on fixed asset revaluation. The Indonesian Accounting Review, 7(1), 31–43. https://doi.org/10.14414/tiar.v7i1.816

Gunawan, F., & Nuswandari, C. (2019). Likuiditas, leverage, fixed assets intensity, arus kas operasi, dan ukuran perusahaan terhadap pemilihan model revaluasi aset tetap (studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2013–2017). Dinamika Akuntansi Keuangan dan Perbankan, 8(1).

Gunawan, F., & Nuswandari, C. (2019). Likuiditas, leverage, fixed assets intensity, arus kas operasi, dan ukuran perusahaan terhadap pemilihan model revaluasi aset tetap (studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2013–2017). Dinamika Akuntansi Keuangan dan Perbankan, 8(1). https://unisbank.ac.id/ojs/index.php/fe9/article/view/7457

International Accounting Standards Board. (2022). IAS 16: Property, plant and equipment. IFRS Foundation. https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ias-16-property-plant-and-equipment.pdf

Jefriyanto. (2021). Faktor-faktor yang mempengaruhi keputusan merevaluasi aset tetap. Jurnal Ilmiah Akuntansi Kesatuan, 9(2), 245–254. https://doi.org/10.37641/jiakes.v9i2.569

Livia, T., & Sufiyati. (2022). Faktor-faktor yang memengaruhi revaluasi aset tetap pada perusahaan manufaktur. Jurnal Ekonomi, 27(3). https://doi.org/10.24912/je.v27i03.861

Nasution, M. H., Siregar, S., & Tambunan, K. (2024). Analysis of the effect of fixed asset intensity, leverage, and liquidity on fixed asset revaluation in manufacturing companies listed on the Indonesia Stock Exchange. Jurnal Impresi Indonesia, 3(9). https://doi.org/10.58344/jii.v3i9.5423

OpenStax. (2022). 6.3 Liquidity ratios. In Principles of finance. Rice University. https://openstax.org/books/principles-finance/pages/6-3-liquidity-ratios

Poerwati, R. T., Hardiningsih, P., Srimindarti, C., & Sundari, R. I. (2020). Does the company’s scale, fixed asset intensity and operating cash flow affect asset revaluation? Jurnal Analisis Bisnis Ekonomi, 18(1), 1–13. https://doi.org/10.31603/bisnisekonomi.v18i1.3342

Poerwati, R. T., Hardiningsih, P., Srimindarti, C., & Sundari, R. I. (2020). Does the company’s scale, fixed asset intensity and operating cash flow affect asset revaluation? Jurnal Analisis Bisnis Ekonomi, 18(1). https://doi.org/10.31603/bisnisekonomi.v18i1.3342

Triandi, T., & Fahmi, A. (2018). Pengaruh leverage dan ukuran perusahaan terhadap keputusan revaluasi aset (studi empiris pada perusahaan manufaktur yang terdaftar di BEI periode 2012 s.d. 2016). Jurnal Ilmiah Akuntansi Kesatuan, 6(2), 110–118. https://doi.org/10.37641/jiakes.v6i2.135

Watts, R. L., & Zimmerman, J. L. (1986). Positive accounting theory. Prentice-Hall.

Yanto, M. (2020). Faktor-faktor yang mempengaruhi revaluasi aset tetap pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Economic, Accounting Scientific Journal (CASH), 3(1), 21–28. https://doi.org/10.52624/cash.v3i01.997