The Indonesian Journal of Accounting Research
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Pengaruh Information Technology Relatedness terhadap Kinerja Perusahaan (Penelitian terhadap Perusahaan Perbankkan di Jateng)
No full textThe purpose of this study is to examine the influence of information technology (IT) relatedness on corporate performance. IT relatedness is measured using a reflective second-order factor modeling approach to capture complementarities among the four dimensions of IT relatedness (IT strategy making processes, IT vendor management processes, IT human resource management processes and IT infrastructure). Based on the resource-based view of diversification and the economic theory of complementarities, the two major sources of cross-unit IT synergy in the corporate are the relatedness and complementarities of IT resources. According RBV concept, the use of IT relatedness as a complementarities unit create super-additive value synergies and can be used as competitive sustainability advantage to improve corporate performance Collecting data by a survey of 93 office managers branch banking in Central Java, the study finds that the information technology relatedness has a positive influence on corporate performance as hypothesized suggesting that the super-additive value synergies arising from the use of a complementary set of IT resources and management processes have significant effects on corporate performance
Studi Empiris Tentang Pengaruh Volume Perdagangan dan Return terhadap Bid-Ask Spread Saham Industri Rokok di Bursa Efek Jakarta Dengan Model Koreksi Kesalahan
No full textIn US Capital Market, the empirical evident showed that the effect of inventory holding cost of stock on bid-ask spread was positive. This paper attempts to confirm the effect in Indonesian Capital Market. The confirmation is performed by using the error correction model (ECM). The case in cigarette industry is used in this paper. There are three companies in this industry including PT BAT, PT H.M. Sampoerna, and PT Gudang Garam.The daily time series data for the year 1996, 1997, and 1998 are used to be analyzed. It was found that the ECM estimation gave the evident that the transaction volume and/or return negatively effects on bid-ask spread both in term of absolute and relative in cigarette industry. It means that the inventory holding cost of stock on bid-ask spread would be positive. Accordingly, the finding is consistent and confirmed
Trust (amanah) Management and Accounting Implications
No full textAccounting is actually neither a static nor a homogeneous phenomenon. Over time, all forms of accounting have changed, repeatedly becoming what they were not. Based on this understanding, accounting is not thus a homogeneous craft. This ever-changing forms of accounting exists as the result of that accounting is not a value-free discipline and practice. Rather, it is a contextual ones.By making use of interpretive way (of Symbolic Interactionism) as an analytical framework, this paper attempt to interpret the existence of accounting in its social, organisational, and religious context.The result of the interpretation gives us an insight that inner character of self plays a very important role in the process of crafting accounting in the context of a social and religious organisation. We can see that trust management - as a result of inner self interaction - has a unique implication on accounting craft
Indentifikasi Karakteristik-karakteristik Keahlian Audit: Profesi Akuntan Publik di Indonesia
No full textFamily Voting Rights, Board Characteristics, and Shareholder Value: Evidence from Indonesia
No full textThis study examines the relationship between board of director characteristics and shareholder value. This study also investigates the moderating role of family voting rights on the relationship between proportion of independent members on board and shareholder value. Based on 88 samples of Indonesian listed companies for the period 2002 to 2005 (352 observations) and using random effect panel data analysis, the results showed that the proportion of independent members on board is positively and significantly associated with shareholder value. It means that the role of an independent board director in advising and monitoring management to act in the best interest of shareholders is effective whether in a developed or in developing market including Indonesia. Further, this study also found that a lower proportion of family voting rights leads to the strengthening of the positive relationship between independent board and shareholder value
Motivasi dan Pelimpahan Wewenang sebagai Variabel Moderating dalam Hubungan antara Partisipasi Penyusunan Anggaran dan Kinerja Manajerial
No full textThe relationship between budget participation and managerial performance has been attracting researchers’ attention. However, the result of previous studies on the relationship between budget participation and managerial performance has been inconclusive and often contradictory. One way to reconcile these conflicting results is to investigate the hypothesized relationship utilizing a contingency approach (Govindarajan, 1986a).This study empirically examined the effect of budget participation on managerial performance using a contingency approach. Two contingent variables were investigated, namely managerial motivation and delegation of authority. Mailed questionnaires were distributed to 340 managers from East Java manufacturing companies. The responses from 48 managers (14%) were analyzed by using regression analysis.The result indicated that the interaction between managerial motivation and budget participation did not direct affect managerial performance. But delegation of authority was found to have a significant effect on the relationship between budget participation and managerial performance will be high at higher levels of decentralization. In contrast, at low levels of decentralization (more centralization), the effect of budget participation on managerial performance will be low
Perbedaan Kinerja Auditor Dilihat dari Segi Gender (Studi Empiris pada KAP di Jawa Timur)
No full textThe objective of this research is to empirically analyze the difference of performance of male and female auditors at public accounting firm. The performance is measured using organizational commitment, professional commitment, motivation, career opportunity and job satisfaction. The result of this research is expected to give the contribution in theory development. It is also expected to give practical contribution to the organizations, especially the public accounting firm.Subjects in this research are auditors at public accounting firm in East Java. Data were collected using survey method. The sample is selected using purposive sampling method. From 260 questionnaires disseminated to all respondents, only 105 questionnaires were returned. However, only 85 of the returned questionnaires were valid for analyses. Independent sample t Test was used to test the hypothesis.The results prove that there is no difference of organizational commitment, professional commitment, motivation and career opportunity among male and female auditors at public accountant offices. While for the job satisfaction, the results indicate there is a difference among male and female auditors
Simultaneous Relationships Between Corporate Governance Practice and Firm Value
No full textThe main purpose of this study is to investigate whether there is a simultaneous relationship between Corporate Governance (CG) practice and firm value. This study also investigates: 1) the effect of risks and firm profitability on firm value; and 2) the effect of ownership structure (i.e., regulated, state-owned-entreprise (SOE), foreign, and institutional investors) and company size on CG practice. Based on the corporate governance scores rated by the Institute of Indonesian Corporate Directorship (IICD) in 2005, the study finds that corporate governance practice provides a positive effect on firm value, but not vice versa. This study also shows that: 1) firm value is affected positively by profitability but not affected negatively by risk; and 2) the types of ownership structure, i.e. SOE, foreign, and regulated industry enhance CG practice. Finally, company size positively affects CG practice. Meanwhile, the study fails to find a positive association between ownership by institusional investors and CG practice
Analisis Arus Kas Kegiatan Operasi dalam Mendeteksi Manipulasi Aktivitas Riil dan Dampaknya Terhadap Kinerja Pasar
No full textThis study aims to identify firm's tendency to execute real activities manipulation through cash flow from operating activities and its impact to market performance. The sample is drawn from firms in the biggest 50 firms with assets above 1 quintillions rupiahs for period of 2001 - 2006, which are published in Swa100. The research model is based on Roychowdhury's model (2003). Prior to test the hypotheses, this studitthe researcher employed regression model to determine normal and abnormal cash flow from operating activities. The result shows that firms tend to execute real activities manipulation through operating cash flow. Moreover, the impact of real activities manipulation on market performance shows firms which are more likely executing real activities manipulation have higher market performance than their counterparts. By controlling for industrial types of the companies, the result finds that manufacturing firms execute more real activities manipulation than non-manufacturing firms