Eko Suyono_19115115

REAKSI INVESTOR TERHADAP PEMILIHAN AUDITOR SPESIALIS INDUSTRI PADA PERUSAHAAN KELUARGA DI BURSA EFEK INDONESIA

Eko Suyono

Prodi Akuntansi Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman Gedung F Lantai 1, Jl. HR. Boenyamin No.708 Purwokerto, 53122, Indonesia

  • Korespondensi dengan Penulis:
  • Eko Suyono: Telp. +62 281 628 155
  • E-mail: ekyo75@yahoo.com

 Abstract

This study aimed to investigate the link between family firm and specialist auditor selection, the investor reaction in family and non family firms on specialist auditor selection, the influence of family CEO and hired CEO on specialist auditor selection, and the influence of divergence between cash flow right and control right on auditor specialist selection.This research applied purposive sampling method by using 108 companies that were selected from 534 companies in period 2009-2013.  Logistic regression was implemented to 108 companies (i.e   540 firms-years).  The findings of the research were family firms were more likely to appoint auditor with industry expertise than non family firm, family firms that switched audit partners from non-specialists to specialists had higher earning response coefficient (ERC) than nonfamily firms, positive association between family firms and industry specialist auditor selection came primarily from CEOs hired outside rather than family CEOs, among family firms, the likelihood of choosing industry specialist auditors increased with the divergence between control rights and cash flow rights. 

 Keywords: cash flow right, control right, family firm, industry specialist auditor, investor reaction

19115115_EkoSuyono( Full Text)

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Indri Kartika_Abstract_1722013

KARAKTERISTIK PERUSAHAAN SEBAGAI DETERMINAN
INTERNET FINANCIAL AND SUSTAINABILITY REPORTING

Indri Kartika
Apsarida Mila Puspa

Jurusan Akuntansi Fakultas Ekonomi Universitas Islam Sultan Agung Semarang
Jl. Raya Kaligawe Km.4 Semarang, 50112.

Korespondensi dengan Penulis:
Indri Kartika: Telp. +62 24 658 3584; Fax. +62 24 658 2455
E-mail: kartika_danar@yahoo.com

Abstract

The information technological development had facilitated companies to provide and spread information around the world. Through websites for an example, a company could present financial and non-financial reports which ensured the stakeholders based on the going concern status of the company. This research examined company characteristics as the internet financial and the sustainability reporting (IFSR) determinants. The research applied non-financial company populations which had website facilities and were listed in Indonesian Stock Exchange in 2009-2010.  Using a purposive sampling technique, it obtained 326    companies. The analytical data method used in this research was a multiple-regression, of which the degree of significance was 5%. The research result showed that size, profitability, and auditor influenced significantly and positively toward IFSR. While, the external ownership structure and listing age of companies influenced significantly and negatively toward IFSR. On the other hand, leverage and types of industry and listing age of companies had negative influences but not really significant towards IFSR.

Key words: auditor, company characteristics, Internet Financial and Sustainability Reporting, profitability, size 

(Full Text. pdf)

Prihat Assih_abstract_1332009

KUALITAS AUDITOR EKSTERN DALAM MEMBATASI
KESEMPATAN MANAJEMEN  UNTUK MELAKUKAN  MANAJEMEN LABA
 
Prihat Assih
Jurusan Akuntansi Fakultas Ekonomi Universitas Merdeka Malang
Jl. Terusan Raya Dieng 62-64 Malang, 65146

Korespondensi dengan Penulis:
Prihat Assih: Telp. + 62 341 568 395
E-mail: prihat2001@yahoo.com

Abstract:

Earnings management practice related to a variety incentives to maximize firms’ value or to increase manager welfare. Many researchers focused on 3 main incentives for earnings management practice, as explained in positive accounting theory, that were incentive to decrease cost of debt covenant default, maximize bonus and reduce political cost (Watts & Zimmerman, 1986). However, the earnings management would exist if management had incentive and opportunity to do so (Trueman & Titman, 1988; Christensen, et al., 1999).  The objective of this research was to investigate external auditor quality as factor to constraining earnings management by managers. Analysis was based on 111 publicly manufacturing firms in Indonesian Stock Exchange period 2005 up to 2008. The result showed that the high level of firms’ debt motivated manager to practice more earnings management. However, the level of earnings management was lower when the quality of auditor external work was higher. The results of these researches contributed to accounting literature development especially in corporate governance. Qualified auditor, one of monitoring aspects, had function as good corporate governance mechanism for reducing management practice to manage earnings which would be costly for financial statement users.

Key words: earnings management, positive accounting theory, external auditor quality, corporate governance.