Determinants of Investment Efficiency: Financial Reporting, Accounting Conservatism, and Debt Maturity
Main Purpose - This study aims to examine the influence of financial reporting quality, accounting conservatism, and debt maturity on investment efficiency in manufacturing companies listed on the Indonesia Stock Exchange. Method - A quantitative approach was employed to analyze secondary data from...
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| Format: | Article |
| Language: | English |
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Faculty of Economics and Business, Universitas Muhammadiyah Cirebon
2025-06-01
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| Series: | Jurnal Proaksi |
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| Online Access: | https://e-journal.umc.ac.id/index.php/JPK/article/view/7156 |
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| author | Syifa Lathifunnisa Dyarini Dyarini |
| author_facet | Syifa Lathifunnisa Dyarini Dyarini |
| author_sort | Syifa Lathifunnisa |
| collection | DOAJ |
| description | Main Purpose - This study aims to examine the influence of financial reporting quality, accounting conservatism, and debt maturity on investment efficiency in manufacturing companies listed on the Indonesia Stock Exchange.
Method - A quantitative approach was employed to analyze secondary data from 20 companies selected through purposive sampling, resulting in 100 observations. SPSS version 25 was used as the data analysis tool for regression analysis.
Main Findings - The phenomenon of investment efficiency has become increasingly crucial following a 16.32% annual decline in manufacturing investment from 2017 to 2019. Market uncertainty and limited incentives hinder economic growth, making fund optimization essential to support this sector. The research findings reveal that the quality of annual financial reports, accounting conservatism, and debt maturity have a significant impact on investment efficiency.
Theory and Practical Implications - These findings highlight the importance of financial reporting quality, accounting conservatism, and debt maturity structure in enhancing investment efficiency. They suggest that companies should manage these three aspects optimally to support better investment decision-making.
Novelty - This study utilizes the latest data (2019–2023) and a larger sample, enabling a more comprehensive analysis of the dynamics, challenges, and opportunities in the manufacturing industry. |
| format | Article |
| id | doaj-art-45d919a58c164b93b5bbbe234bedd9e4 |
| institution | Kabale University |
| issn | 2089-127X 2685-9750 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Faculty of Economics and Business, Universitas Muhammadiyah Cirebon |
| record_format | Article |
| series | Jurnal Proaksi |
| spelling | doaj-art-45d919a58c164b93b5bbbe234bedd9e42025-08-20T03:51:08ZengFaculty of Economics and Business, Universitas Muhammadiyah CirebonJurnal Proaksi2089-127X2685-97502025-06-0112227028610.32534/jpk.v12i2.71566156Determinants of Investment Efficiency: Financial Reporting, Accounting Conservatism, and Debt MaturitySyifa Lathifunnisa0Dyarini Dyarini1Universitas Muhammadiyah JakartaUniversitas Muhammadiyah JakartaMain Purpose - This study aims to examine the influence of financial reporting quality, accounting conservatism, and debt maturity on investment efficiency in manufacturing companies listed on the Indonesia Stock Exchange. Method - A quantitative approach was employed to analyze secondary data from 20 companies selected through purposive sampling, resulting in 100 observations. SPSS version 25 was used as the data analysis tool for regression analysis. Main Findings - The phenomenon of investment efficiency has become increasingly crucial following a 16.32% annual decline in manufacturing investment from 2017 to 2019. Market uncertainty and limited incentives hinder economic growth, making fund optimization essential to support this sector. The research findings reveal that the quality of annual financial reports, accounting conservatism, and debt maturity have a significant impact on investment efficiency. Theory and Practical Implications - These findings highlight the importance of financial reporting quality, accounting conservatism, and debt maturity structure in enhancing investment efficiency. They suggest that companies should manage these three aspects optimally to support better investment decision-making. Novelty - This study utilizes the latest data (2019–2023) and a larger sample, enabling a more comprehensive analysis of the dynamics, challenges, and opportunities in the manufacturing industry.https://e-journal.umc.ac.id/index.php/JPK/article/view/7156 investment efficiencyfinancial statement qualityaccounting conservatismdebt maturitymanufacturing companies |
| spellingShingle | Syifa Lathifunnisa Dyarini Dyarini Determinants of Investment Efficiency: Financial Reporting, Accounting Conservatism, and Debt Maturity Jurnal Proaksi investment efficiency financial statement quality accounting conservatism debt maturity manufacturing companies |
| title | Determinants of Investment Efficiency: Financial Reporting, Accounting Conservatism, and Debt Maturity |
| title_full | Determinants of Investment Efficiency: Financial Reporting, Accounting Conservatism, and Debt Maturity |
| title_fullStr | Determinants of Investment Efficiency: Financial Reporting, Accounting Conservatism, and Debt Maturity |
| title_full_unstemmed | Determinants of Investment Efficiency: Financial Reporting, Accounting Conservatism, and Debt Maturity |
| title_short | Determinants of Investment Efficiency: Financial Reporting, Accounting Conservatism, and Debt Maturity |
| title_sort | determinants of investment efficiency financial reporting accounting conservatism and debt maturity |
| topic | investment efficiency financial statement quality accounting conservatism debt maturity manufacturing companies |
| url | https://e-journal.umc.ac.id/index.php/JPK/article/view/7156 |
| work_keys_str_mv | AT syifalathifunnisa determinantsofinvestmentefficiencyfinancialreportingaccountingconservatismanddebtmaturity AT dyarinidyarini determinantsofinvestmentefficiencyfinancialreportingaccountingconservatismanddebtmaturity |