PERBANDINGAN TINGKAT DAN RUANG LINGKUP PENGUNGKAPAN PELAPORAN KEUANGAN BASIS INTERNET TERHADAP HARGA SAHAM
Emrinaldi Nur DP
Prodi Akuntansi Fakultas Ekonomi Universitas Riau
Kampus Bina Widya Km.12,5 Simpang Baru Pekanbaru, 28293, Indonesia
Prodi Akuntansi Fakultas Ekonomi Universitas Dian Nuswantoro
Jl. Nakula I No.5-11 Semarang, 50131, Indonesia
Korespondensi dengan Penulis:
Emrinaldi Nur DP: Telp. +62 761 632 66; Fax.+62 761-632 79
Applications of Internet financial reporting (IFR) by companies have reduced the asymmetry of information and facilitate investor access to corporate information. IFR application is considered a good news that allegedly able to influence the market by watching the stock price, the value of stocks and abnormal stock returns. The purpose of this study was to observe the practice of IFR influence on stock prices by making comparisons against companies that do not apply to IFR and comparison of the company with defferent degree and scope of disclosure. The study was conducted on the companies included in the index compass 100 and tested using event study approach and independent sample t-test between two groups of samples. Results of tests performed showed no difference between the market reaction to the company and which do not apply IFR. There is also a difference in price saha and stock value for the company with the different degree and scope of IFR disclosure, while the abnormal returnnya got no support.
Keywords: abnormal return, disclosure, Internet Financial Reporting, market reaction
19215252262_Emrinaldi Nur DP (Full Text)
ANALISIS PENGUNGKAPAN TATA KELOLA BANK SYARIAH DI INDONESIA
Cahyo Luthfi Adiono
Prodi Akuntansi Fakultas Ekonomi dan Bisnis Universitas Gadjah Mada
Jl. Sosio Humaniora 1 Bulaksumur-Yogyakarta, 55281, Indonesia.
This research aimed to analyze the disclosure level of corporate governance on annual report of BUS (Syariah Commercial Banks) in Indonesia in 2010-2012 with indicator stated in Indonesia Bank Rules number 11/33/PBI/2009. Besides, this research also analyzed the growth of the disclosure level. To reach the aim, this research used content analysis method. The result of research showed that Syariah Mandiri Bank, BCA Syariah Bank, and Muamalat Bank had the highest disclosure value while Bukopin Syariah Bank had the highest growth average. However, only four BUS had disclosure value above 70 percent and four BUS had growth rank above 5 percent per year. It showed that during 3 year-period the disclosure level of BUS corporate governance in annual report was not high and it had not had a meaningful growth.
Key words: content analysis, corporate governance, disclosure, syariah bank
KEPEMILIKAN INSTITUSIONAL DAN KUALITAS AUDIT TERHADAP PENGUNGKAPAN INFORMASI DAN FUTURE EARNINGS RESPONSE COEFFICIENT
Fakultas Ekonomi Universitas Trisakti
Jl. Kyai Tapa No.1 Grogol-Jakarta Barat, 11440, Indonesia.
- Korespondensi Penulis:
- Etty Murwaningsari: Telp.+62 21 566 3232; Fax.+62 21 564 4270
- E-mail: email@example.com
The objectives of this research were to analyze the direct effects of institutional ownership and audit quality towards future earnings response coefficient, as well as their indirect effects towards future earnings response coefficient through disclosure as intervening variable. This research used secondary data from manufacturing companies listed in Indonesia Stock Exchange (IDX) between 2002-2011. The number of samples used in this research were 111companies. The method used in this research was Structure Equation Model (SEM) processed using AMOS 6. The results of this research demonstrated that institutional ownership and disclosure had positive significant effect while audit quality had negative significant effects towards future earnings response coefficient. On the other hand, institutional ownership had positive significant effect while audit quality had negative significant effects towards disclosure. Further testing proved that indirect effect was very weak. Control variable which had positive significant effect was profitability towards disclosure while leverage and long term investment had negative significant towards future earnings response coefficient. Liquidity variables were proven that they had no effect towards disclosure.
Key words: audit quality, disclosure, future earnings response coefficient (FERC), institutional ownership