The Indonesian Journal of Accounting Research
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The Effect of Moral Reasoning and Environemental Attitudes on Environmental Accountability
No full textThe purpose of this study is to investigate the effect of moral reasoning and environmental attitudes (both ecocentric and anthropocentric) on environmental accountability. This paper argues that the higher the moral reasoning, the stronger the support for environmental accountability. Additionally, the paper argues that ecocentric support for environmental accountaility is stronger than anthropocentric support. The results show that moral reasoning has a significant positive effect on environmental accontability. Results also show that an ecocentric attitude is stronger than the anthropocentric attitude in supporting environmental accontability. The implication of these findings on the educational side is that, to increase support for the environment, education must increase students’ moral reasoning and ecocentric attitude. The implication on the corporate side is that, to increase the environmental accountability of a company, employees who have high moral reasoning and ecocentric attitudes must be recruited
Analisis Pengaruh Transaction Cost terhadap Holding Period Saham Biasa (Studi Kasus pada Bursa Efek Jakarta Tahun 2000)
No full textThe ideas of this study arises from the differences result between Atkin's study (1997) and Leny's study (1999). Both of them investigate the relationship between transaction cost and holding period common stock for long term period. The different results are posibly caused by the difference condition of the capital market. Leny's study used Jakarta Stock Exchange and Atkin's study used New York Stock Exchange and Nasdaq. The real condition of the Jakarta Stock Exchange is most of the investors prefer to capital gain oriented from buy and sell transaction than devidend for the end of the year. So it’s more adaptable if we use short term to investigate the relationship transaction cost and holding period.The statistical method used in this study is two-stage least square regression.The statistical result shows that bid-ask spread related positively and significant of the holding period. The bid-ask spread, market value, and risk of return can be used for predicting the variations of holding period
Upaya Meningkatkan Kualitas Pertimbangan Audit Melalui Self_Review: Kasus Going Concern Perusahaan
No full textThis study examines self review as the debiasing mechanisms that can reduce the recency effect and improve judgment quality. Judgment quality is independent of outcomes. In an uncertain environment a bad outcome may result even though the judgment process is “good” in the sense that all relevant information is properly considered (Kennedy, 1993). Hogart and Einhorn (1992) propose and test a descriptive model of belief adjustment. They posit that individuals are sequential processors of information who employ an anchoring and adjustment strategy to incorporate new evidence in an evaluation task. One important prediction of the model is that order, in which a short series of complex, mixed evidence is evaluated, leads to a recency effect. Little research has been done on the issues of debiasing recency effect in an audit environment. Such research is necessary since the use of disproportional heuristic in decision making will lead towards an error. The results show that self review mechanisms significantly reduces errors in the evaluation of going concern
Perilaku Oportunistik Legislatif dalam Penganggaran Daerh Bukti Empiris atas Aplikasi Agency Theory di Sektor Publik
No full textPenerapan otonomi daerah di Indonesia berdasarkan UU No. 22/1999 dan UU No. 25/1999 telah membuka peluang diaplikasikannya teori keagenan dalam riset penganggaran publik. Legislatif adalah prinsipal bagi eksekutif sekaligus agent bagi voters (pemilih). Asimetri informasi antara eksekutif dan legislatif menjadi tidak terlalu berarti ketika legislatif menggunakan discretionary powernya dalam penganggaran. Hasil penelitian ini menunjukkan bahwa (1) legislatif berperilaku oportunistik dalam penyusunan APBD, (2) besaran PAD berpengaruh terhadap perilaku oportunistik legislatif, dan (3) APBD merupakan media bagi terjadinya political corruption
Auditor Tenure and Audit Quality: Evidence of Mandatory Auditor Rotation in Indonesia
No full textThe main objective of this research is to investigate the effect of auditor tenure, both in the audit-firm tenure dimension and in the audit-partner tenure dimension, on audit quality. Debate over auditor rotation has been recurring recently, especially when this requirement is included in the proposed public accountant act. Our study is meant to provide empirical evidence for the debate surrounding the auditor rotation requirements in Indonesia. In this study, we identify the length of auditor tenure from the signature of audit-partner in charge on the independent auditor report. We are able to do so since unlike the U.S., the independent auditor reports in Indonesia expose name and signature of the audit-partner in charge. Using modified Jones model of discretionary accruals as our measure of audit quality, we test our hypothesis on our sample of 1,100 firm-year observations from 212 companies for the period of 1995 to 2001. We find that: (1) audit-firm tenure positively affects audit quality; (2) audit-partner tenure does not affect audit quality; and (3) there is an incremental positive effect of audit-firm tenure on audit quality which cannot be explained by audit-partner tenure. Our results suggest that there is an increase in audit quality along with an increase in audit-firm tenure. However, it also suggests that the results of this research do not support the mandatory audit-firm rotation required by the Indonesian government
Ekspropriasi Pemegang Saham Minoritas dalam Struktur Kepemilikan Ultimat
No full textLarge shareholders establish control over a firm through pyramid structure and cross-holding among firms. Those types of ownership structure create divergence between cash flow rights and control rights. Large shareholders may have control over a firm despite little cash flow rights. This study investigates the effects of cash flow right and control right separation on firm value of Indonesian companies listed on the Indonesia Stock Exchange for the period of 2000 to 2004. I use cut-off point of 10 percent control rights to test those effects. The results show that cash flow rights have positive effect on firm value, suggesting that firm value increases as cash flow right of controlling shareholders increases. I further test whether cash flow right leverage depends on the controlling shareholders' participation in firm management and the presence of the second controlling shareholder. Contrary to the expectation, the evidence shows that the coefficients on both interactions are insignificant
Computer Anxiety and Personality Types of Accounting Students
No full textThis research examined the personality type and other factorssuch as gender and GPA that may contribute to computer anxiety amongaccounting students. The following questions guided this investigation:Does a relationship exist between computer anxiety and accountingstudent’s personality type? Does a relationship exist between accountingstudents’ gender, GPA and their computer anxiety?The data used in this paper were derived from a paper-based questionnairedistributed to accounting students at the Faculty of Economicsand Business of Universitas Gadjah Mada. One hundred and thirtynine(139) survey instruments were distributed. One hundred and thirtynine(139) instruments were returned, representing a response rate ofone hundred percent (100%). This study revealed that computer anxietydid exist among accounting students; there was a significant relationshipfor those students who were classified as sensing-intuitive and thinking-feeling and computerphobia; whereas accounting students’ genderand GPA did not influence their computer anxiet
Pengaruh Penyelenggaraan dan Penggunaan Infformasi Akuntansi Terhadap Persepsi Pengusaha Kecil atas Informasi Akuntansi: Suatu Riset Eksperimen
No full textThis research is aimed at examining the effect of carrying on and applying accounting information on small entrepreneurs' perception to the information. It is an experimental research and uses two-group posttest-only design. The subjects of this research are 46 small enterprises in Central Java Province and are drawn with purposive sampling technique.The research shows that carrying on and applying accounting information is empirically proved having an effect on the small entrepreneurs' perception to the information. The t-test result shows that (after experimentation) there is statistically a significant difference on the perception to the accounting information between subjects of experimental group and subjects of control group. The difference is solely due to the treatment in the form of giving stimulus of carrying on and applying accounting information, and is not influenced by the prior difference factor between two groups. This has been proved by equivalency test using ANOVA to the characteristic of two groups. The result of discriminatory analysis shows that the effect of carrying on and applying accounting information is stronger than that of individual characteristic difference of the subjects' perception to the accounting informatio
Asimetri Informasi dan Cost of Equity Capital
No full textThis research examines the association between an information asymmetry and cost of equity capital. The conventional wisdom, it is generally assumed that a company which has a disclosure at a greater extent will reduce the cost of equity capital. An empirical research indicated more disclosure will reduce information asymmetri. This research tries testing if the declining of information asymmetry resulting from the extent of disclosure will bring the effects on declining of the cost of equity capital. Further, the research tries testing the differences of declining level of cost of equity capital as a result of the declining of information asymmetry among relatively small companies and large companies.The number of companies taken as samples in the research cover about 213 companies, listed at Jakarta Stock Exchange before 1996. The hypothetical test was conducted by implementing cross-sectional method, taking a research periode of 1996. This research adopts Bid ask spread as a basis for measurement of information asymmetry and capital asset pricing model (CAPM) used to estimate the quantity of cost of equity capital. In order to control the size effects, analytical model in the research also utilizes the variables of market values of equity.As expected, the research showed up the existence of a positive relationship between information asymmetry and cost of equity capital. A controlled-variable, NPSR, also brought effects on the number of cost of equity capital significantly. This fact makes it possible to separate the hypothesis between a large company and a small one.Separately, the results of testing between small scaled - companies and large scaled-companies indicated real differences at the declining level in term of cost of equity capital. Large companies experience a greater declining cost of equity than small companies, therefore, a large company earned a greater benefit resulting from a greater disclosure, compared from a small company. This results implied that the companies have to improve the quality of their disclosure with the intention that the information asymmetry happening among the market players will declines and so will the cost of equity capital
Hubungan Corporate Governance dan Kinerja Perusahaan
No full textThis study examines the relationship between corporate governance and corporate performance. This study employs a multiple regression to test the hypothesis that corporate governance and corporate performance are positively related. The rating of corporate governance perception index (CGPI) for 2001 and 2002 by the Indonesian Institute for Corporate Governance is used to measure the corporate governance implementation, and Tobin’s q as a market performance measurement (Klapper dan Love, 2002; Black, dkk. 2003) and return on equity (ROE) as operasional performance measurement (Klapper dan Love, 2002). The analysis shows that there is a no significant relationship between corporate governance index and Tobin's q but there is a significant positive relationship between corporate governance index and return on equity. It means that corporate governance implementation affect the operational performance, but market does not respond the implementation of corporate governance immediately