PENGARUH MODIFIED AUDIT OPINION DAN GOING CONCERN AUDIT OPINION TERHADAP BORROWING CASH FLOW DAN INVESTMENT CASH FLOW (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2015)

Abstract

ABSTRACT

This study aims to determine the effect of modified audit opinion and going
concern audit opinion toward borrowing cash flow and to know the effect of
modified audit opinion and going concern audit opinion to investment cash flow.
The population of this study is a manufacturing company listed on the Indonesia
Stock Exchange period 2014-2016. The sample of this research as many as 58
companies and due to use the span of 3 years then the number of existing samples
174 samples. Methods in sampling using purposive sampling and using linear
regression as a test tool of research, the results showed that modified audit
opinion, is not proven to affect borrowing cash flow and does not affect the
investment cash flow because audit opinion is not the only consideration to
provide loans to creditors and in investing in accordance with the needs of the
company not because of audit opinion obtained. For going concern audit opinion
there is an effect on borrowing cash flow and investment cash flow because there
is uncertainty about the Company's ability to maintain its survival hence the
company tend to get fewer loan and especially for investment expenditure.
Keywords: Modified audit opinions, going concern audit opinion, borrowing cash
flow, and investment cash flow