This study aims to examine determinants of operating lease policies (i.e. financial constraint, asset value, growth, and firm's size), and the impact of constructive capitalisation of operating lease towards company's financial ratios. The finding shows that all determinants except financial constraints influence operating lease policies but most of operating leases is explained by factors other than the economic determinants. To restrict the abuse of operating lease that mislead users of financial statements, then operating lease should be capitalized. This study also finds that operating lease capitalization significantly impacts firm's financial ratios which are useful in decision making.

This study objective is to examine the determinants of the firm’s tendency to report goodwill impairment losses and it’s impact on the value of the firms. The agency theory states that managers may take some advantages of information asymmetry and utilize the accounting methods choice for private motives. Consistent with the theory, the new accounting standard for goodwill has given some flexibilities to managers to act opportunistic. On the other hand, the signaling theory explains that goodwill impairment losses is considered as bad news by investors because it relates to the decrease of the firm’s ability to generate cash inflow in the future, that will ultimately affect the value of the firm.We find that the reporting incentive (income smoothing), firm performance, `and auditor quality affects the firm’s tendency to report goodwill impairment loss, while the debt covenant does not affect the firm’s tendency to report goodwill impairment loss. We also find that reported goodwill impairment loss affects the firm’s value.

Abstract. One of the issues that are important to the company's management is to identify the trigger value of the company. Intellectual capital becomes one of the things that become an important discussion to increase the value of a company in addition to other than financial performance and investment in research and development. Ownership of the company both institutional and managerial through its oversight function to strengthen the influence of intellectual capital on corporate value is, therefore, the purpose of this study was to examine the effect of intellectual capital, financial performance as well as investments in research and development to corporate value. In addition, this study also tested whether the ownership of both institutional and managerial company can strengthen the effect of intellectual capital on firm value. This study uses a sample of 16 companies for the period 2008-2012. Testing the hypothesis of the study used multiple linear regression models for the interaction of moderating variables. Research results show that the variable intellectual capital, profitability, and investments in research and development having a positive on corporate value, while financial performance is measured by leverage had no effect on the value of the company. In addition, this study proves that the ownership of company shares by managerial and institutional weaken the influence of intellectual capital on firm value.Keywords. firm value; intellectual capital; financial performance; investment in research and development,Abstrak. Salah satu isu yang penting bagi manajemen perusahaan adalah mengidentifikasi pemicu nilai perusahaan. Modal intelektual menjadi salah satu hal yang menjadi pembahasan penting untuk meningkatkan nilai sebuah perusahaan disamping selain kinerja keuangan dan investasi pada riset dan pengembangan. Kepemilikan perusahaan baik institusional maupun manajerial melalui fungsi pengawasannya dapat memperkuat pengaruh modal intelektual terhadap nilai perusahaan oleh karena itu tujuan penelitian ini adalah untuk menguji pengaruh modal intelektual, kinerja keuangan serta investasi pada riset dan pengembangan terhadap nilai perusahaan. Selain itu penelitian ini juga menguji apakah kepemilikan perusahan baik institusional maupun manajerial dapat memperkuat pengaruh modal intelektual terhadap nilai perusahaan. Penelitian ini menggunakan 16 sampel perusahaan untuk periode 2008-2012. Pengujian hipotesis penelitian digunakan uji regresi linear berganda dengan model interaksi untuk variabel pemoderasi. hasil penelitian menunjukan bahwa variabel modal intelektual, profitabilitas (kinerja Keuangan) serta investasi pada riset dan pengembangan berpegaruh positif terhadap nilai perusahaan, sedangkan kinerja keuangan yang diukur oleh leverage tidak berpengaruh pada nilai perusahaan. Selain itu, penelitian ini membuktikan bahwa kepemilikan saham perusahaan oleh manajerial dan institusional memperlemah pengaruh modal intelektual terhadap nilai perusahaan.Kata Kunci. nilai perusahaan; modal intelektual; kinerja keuangan; investasi pada riset dan pengembangan,

In making decisions and predicting the rate of return on investment, earnings are considered the most relevant financial information. However, the 2008 global economic crisis caused the relevance of the value of earnings to decline and could not be relied on in valuing companies, so investors sought other important information that was useful in making decisions, namely information about investment in intangible assets. Therefore, this study aims to examine the effect of investment in intangible assets on firm value. In addition, this study also examines the factors that influence the disclosure of investment in intangible assets in the manufacturing industry. By using purposive judgment sampling technique, samples obtained for model 1 were 69 samples of manufacturing companies, while samples for model 2 obtained an average of 30 sample companies. The data analysis technique used for hypothesis testing is multiple linear regression analysis. The results of this study indicate that the intangible asset investment variable is not proven to have a significant effect on stock prices. Only company size has a significant positive effect on the disclosure of intangible asset investments while Earnings per Share (EPS) and Leverage have no effect. The results of this study can be concluded that investors consider information about intangible asset investment as irrelevant in valuing company equity. In addition, company size has an important role in expressing investment in intangible assets.

Information in financial statement is an important information for investors in making investment decisions. Therefore, the information must be relevant and represented accurately. However, since the global financial crisis in 2008, many financial reports have not been properly represented by management. Management manipulates the financial statements to make the investors believe that the company has a good financial condition and performance. The elements of fraud in the fraud diamond model are the causes that encourage management to commit fraud. Therefore, this study aims to test again the detection of fraudulent financial reporting using the diamond fraud model in the financial industry. This research is using secondary data observation technique which acquired from annual financial reports for companies in financial industries that are listed on the Indonesia Stock Exchange in 2010-2017 period. By using the judgment sampling method, 56 companies’ sample are acquired. The data analysis technique used for hypothesis test is multiple linear regression analysis. The result of this research shows that effective monitoring and financial targets have a positive effect on fraudulent financial reporting, however external pressures have a negative effect on fraudulent financial reporting. While other variables (financial stability, personal financial needs, nature of the industry, rationalization, and capability) do not affect fraudulent financial reporting.