The Indonesian Journal of Accounting Research
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Pengaruh Desentralisasi dan Karakteristik Informasi Sistem Akuntansi Manajemen terhadap Kinerja Manajerial
No full textThis study examines the interactive effect of management accounting systems design and decentralization on managerial performance. Management accounting systems design was defined in term of perceived availability of characteristics of information, namely, broad scope, timeliness, aggregation and level of integration. Decentralization refers to the level autonomy delegated to the managers.Responses of 66 managers (production and marketing) were analyzed by using the regression models with two-way interaction. In addition, an analytical method of utilizing partial derivative to test the contingency relationship as advocated by Schoonhoven (1981) and Govindarajan (1986) was also used.The results provide support for the hypothesis that decentralization and information characteristics of management accounting systems have an interactive effect on managerial performance. More specifically, the results showed that decentralization significantly moderates the relationship between information characteristic management accounting systems and managerial performance. The greater the degree of decentralization, the stronger the effect of high degrees of sophisticated information characteristics on managerial performance. Keywords : decentralization, management accounting systems, broad scope, timeliness, aggregation, integration and performanc
Pengaruh Tingkat Kesulitan Keuangan Perusahaan TerhadapKonservatisme Akuntansi
No full textoai:ojs.ejournal.jrai-iai.org:article/151This research tests the influence of a company’s financial distress on its accounting conservatism. The issue of this research is the prediction difference between positive accounting theory and signaling theory about the influence of a company’s financial distress on its accounting conservatism. Sample in this study consists of manufacturing companies that were listed at Jakarta Stock Exchange since 1994 to 2002. Sample consists of 108 companies or 864 observations. This study develops a testing and developing procedure of accounting conservatism instrumental variables by using more accounting conservatism attributes. Hypotheses are examined by using Ordinary Least Squares Regression and Generalized Method of Moments Regression.The results of empirical tests indicate that a company’s financial condition positively influences its accounting conservatism. These support signaling theory prediction
Pengaruh Asimetri Informasi Terhadap Praktik Manajemen Laba pada Perusahaan Perbankan Publik yang Terdaftar di Bursa Efek Jakarta
No full textThe purpose of this research is to examine the effect of information asymmetry on earnings management. Result of this research can benefit to theory development and management. Accountancy data are collected from ICMD (Indonesian Capital Market Directory) and stock prices data which are provided by Center Capital Market Reference (PRPM) of Jakarta Stock Exchange. The sample of this research are public Indonesian banking firms in 2000 until 2004.The results show that slope are significant (p value < 0.05), so Ho is rejected and Ha is accepted or available significant positive effect between information asymmetry and earnings management. R2 value is 0.3584 that mean 35.84% dependent variable earnings management can be explained by independent variable information asymmetry, and control variable CFVAR, GROWTH, SIZE, MKTBV and then 64.16% explained by another factor out side in the regression model but in the regression between dependent variable of earnings management with control variable resulted R2 value 0.417 and then in the regression between dependent variable earnings management with independent variable information asymmetry resulted R2 value 0.18 so control variable more explaine dependent variable earnings management. Independent variable information asymmetry has significant positive effect and can explaine dependent variable earnings management 18%
Analisis Faktor-faktor yang Berpengaruh Terhadap Kecenderungan Kecurangan Akuntansi: Studi pada Perusahaan Publik dan Badan Usaha Milik Negara di Indonesia
No full textThe accounting fraud is frequent, widespread and familiar in many countries and organization. It brings a loss to firms and investors. But there is no research trying to explain factors comprehensively influencing it. The objectives of the research are to test and explain the effect of the internal control effectiveness, suitability of reward, compliance to accounting rules, information asymmetry, management morality toward unethical behavior and intention to accounting fraud. More particularly, the research attempts to examine the causal relationship between the variables involved. Questionnaire was used to collect data. The analysis unit was the company. The research population was 477 companies consisting of public companies and state owned companies in Indonesia. The research samples were one hundred and fifty three companies. The research respondents were directors or managers responsible to prepare financial statements. Structural Equation Modeling was used to test the hypothesis. The findings of the research showed that internal control effectiveness, compliance to accounting rules, information asymmetry, and management morality affected unethical behavior and intention to accounting fraud significantly. But the research showed that suitability of the reward did not affect management unethical behavior and intention to accounting fraud. The findings of the study provided an input to develop comprehensive research about good governance and corruption. It is also suggested to add more comprehensive research model by adding more variables (e.g. laws, politics, and social aspects) and to develop the research in government institution and non profit organization
Earnings Management dalam Penawaran Saham Perdana di Bursa Efek Jakarta
No full textThis paper examines whether issuers of initial public offerings (IPO) select accounting methods by making income-increasing discretionary accruals in the periods prior to the offering. Issuers are well motivated to increase the reported earnings given two potential reasons. First, the absence of market price information prior to the offering has made it difficult for parties involved in the new issue market, i.e., underwriter, issuers, and potential investors, to price the offering rationally. Second, this condition, coupled with the widely accepted argument that earnings performance has been the target of stock valuation for most investors in the capital market, may provide opportunity and motivation for the issuers the affect the firm’s reported earnings.Tests were conducted on 39 IPO firms that went public for the periods 1995-1997 at the Jakarta Stock Exchange. The method used to examine earnings management follows the one developed by Friedlan (1994) as has been tested in the US’ IPOs. Friedlan uses total accruals as proxy for discretionary accruals and modifies the model adjusted to account for the data limitation and specific characteristics of an IPO setting.The results show that accruals management is found in the period of two years prior to the offering. The hypotheses that the median discretionary accruals and median change of total accruals, operating earnings, and cash flow from operations are greater than zero can not be rejected. Interestingly, accruals management does not really exist in the period of one year prior to the offering. In other words, there is a weak evidence for earnings management one year prior to public offer
Analisis Pengaruh Komitmen Organisasional dan Ketidakpastian Lingkungan terhadap Hubungan antara Partisipasi Anggaran dengan Senjangan Anggaran
No full textThe issue of whether budget participation reduces slack has attracted the interest of many researchers. However, as indicated by Nouri and Parker (1996), studies examining the impact of participation on slack has not produced consistent results. Several studies found that participation reduced budget lack, while others found that participation increased budget slack.Adopting a contingency approach, this study argues that the effect of participation on budget slack is affected by other factors. In particular, this study examined the extent to which organizational commitment and environmental uncertainty moderated the relationship between participation and slack. It is hypothesized that, first participation reduces performance for individuals with high performance, and vice verse. Second, in situation of high uncertainty, participation reduces slack, but in situation of low uncertainty, participation increases slack.Base on responses of 54 managers, the results show that emotions attachment, a dimension of organizational commitment, moderated the relationship between participation and slack.
Hubungan Manajemen Laba (Earning Management) dengan Kinerja Operasi dan Return Saham di Sekitar IPO
No full textPrevious researchers found some empirical evidences of earnings management surrounding initial public offering (IPO). They also found that operating performance and stock return after IPO is underperformed. The underperformed of operating performances and stock return associated with earnings management surrounding IPO. The purpose of this research is to examine earnings management surrounding IPO, operating performances, stock return, and the association of earnings management surrounding IPO with operating performance and stock return in Indonesia.This study found that earnings management had occurred in years surrounding IPO that is in the second year before IPO, in the year IPO taking place, and in the second year after IPO. This study also found that operating performance and stock return after IPO are underperformed. The study also found the association between earnings management surrounding IPO and operating performance. The study did not find empirical evidence about association between earnings management surroundings IPO and stock return.The author concludes that managements take future earnings to increase current earnings to maximize their utilities but investors and other market participants are unable to understand earnings management surrounding IPO. This condition may be affected by unsophisticated investors and other market participants in emerging capital market
Pengaruh Keahlian Audit dan Independensi terhadap Pendapat Audit: Sebuah Kuasieksperimen
No full textAuditor’s opinion is the service product of public accounting firms. Auditor opinion forms the quality assurance of financial statements issued by a corporation. This opinion is based on the auditor’s belief toward the evidence collected. It means that auditor opinion is the auditor’s inference on the evidence collected. This inference is often incorrect.An opinion on audited financial statement is based on the assumption that the company will be viable during a reasonable period of time (one year, SPAP 341). This going concern concept is the main assumption in publishing a financial statement. Auditors have often made mistakes in predicting a company’s going-concern. Erroneous opinions occurred not only in Indonesia. Taffler and Citroen (1988) showed that among USA and British companies that failed, only 20 per cent that receive qualified opinion.Actually, the mistakes may simply occur due to fraudulence. But should the frauds were considered nonexistent, the question is, “Why is it happen?” This study tried to answer that question. The results showed that some of these mistakes were due to auditing competence and independence factors (Barnes and Huan 1993; Lee, Tom, and Stone 1995).In addition to auditing skills and independence factors, the decision over the going-concern of a company was a type of decision that needed a testing of a long-term memory (Birenberg and Shields 1984; Libby 1989). A bias may occur because of the error in recalling other related types of information. This bias will cause the error in drawing a conclusion (Libby 1989). Choo and Trotman (1991) argued that the experienced auditors had more tendencies to recall atypical than typical information.This study was performed using quasi-experiment. The experiment was performed in two stages. In the first stage, an instrument classifying the expert and non-expert and the independent and non-independent was developed. The instrument was used to manipulate the subjects as the experts and non-experts as well as independent and non-independent. The experimental group was assigned to predict continuity a company in one year later. In the second step, the experiment was per formed to test whether there were treatment differences (expert and non-expert) with respect to the typical and atypical information.The analysis used in the experiment was ANOVA. The results showed that the opinion on the company going concern of the expert and the independent auditor was statistically different from that of the other experimental group. This finding supported the first hypothesis. Further testing on the impact of expert and nonexpert on the quantity of information use was also determined by the information typed. This was demonstrated by the interaction between the expertise and the type of information. The study results confirmed Choo and Trotman’s study (1991) that the expert auditors gave more attention to atypical information
Pengaruh Ketidaktentuan Lingkungan terhadap Penerapan Sistem Akuntansi Manajemen : Struktur Organisasi sebagai Faktor Moderasi
No full textThis study examines the interactive effects of perceived environmental uncertainty and delegation and formalization on management accounting systems (MAS). MAS design is defined in terms of the extent to which managers use broad scope, timeliness, and aggregation in the condition of environmental uncertainty which is moderated by delegating and formalization. The responses of 159 chief executive managers and senior managers, drawn from manufacturing companies of Indonesia, to a questionnaire survey were analysed by using a multiple regression technique. The result showed that the relationship between environmental uncertainty and information MAS aggregation were moderated by variables delegation and formalization
Pengaruh Faktor Kontekstual Terhadap Kegunaan Earnings dan Arus Kas Operasi dalam Menjelaskan Return Saham
No full textThe objective of this research is to examine the incremental information content of earnings and cash flows from operation using a research methodology which explicitly incorporates contextual factors (earnings permanence, growth and firm size) that may add to an understanding of the relative usefulness of cash flows and earnings in explaining stock returns. As much as 516 manufacturing firms listed in the Jakarta Stock Exchange (BEJ) were taken as a sample using a purposive sampling method. This study uses the current level of earnings (operating cash flows) and the change in earnings (operating cash flows).The results show that, for change variable, the earnings response coefficient is related to earnings permanence and growth and that the cash flow response coefficient is related to firm size. For change and level variable, the earnings response coefficient is related to earnings permanence and growth and that the cash flows response coefficient is related to earnings permanence, growth and firm size. This study also indicates that cash flows from operations is important in explaining security returns in the following year and show that both earnings changes and levels have explanatory power when they are included simultaneously in a regression model of abnormal returns on earnings. This evidence is consistent with Easton and Haris (1991)