The Indonesian Journal of Accounting Research
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Pengruh Penerapan Metode Pembelajaran Kooperatif Berbasis Kasus yang Berpusat pada Mahasiswa Terhadap Efektivitas Pembelajaran Akuntansi Keperilakuan
No full textTraditional learning model that puts dominant lecturer as a center of gravity in the classroom has embedded weaknesses. In this traditional model, an instructor looks like if she or he is a source of knowledge. On the other hand, students are no more than a "copying machine" where they listen and make a copy of the lecture for the day. The involvement of students in the learning process then is limited. It often happens only during midterm and final exams. Students try to understand all the class material in a very short period of time closed to the exams. The effectiveness of learning process is very low. A classroom becomes a place where an instructor teaches and not where students learn. Hence, improvement is inevitably needed in the learning process, materials, method, management of class, and also in the assessment system. This study explores an alternative learning method, namely case-based learning and cooperative learning method in student-centered learning method's context. Various researches indicate that these alternative learning methods are not only able to improve learning achievement, but they are also able to increase non-cognitive ability, such as self-esteem, communication and interpersonal relation, and learning to learn. I apply these learning methods in Behavioral Accounting class at Faculty of Economics, Diponegoro University. At the end of the class, I distributed questionnaires to students and analyzed the answer to examine the effectiveness of learning model. The results of applying these learning methods indicate greater benefits both to the instructor and the students, compared to traditional learning method. I argue that these learning methods can optimize intellectual, social, emotional, and language potency of the students
The Examination of Recency and Knowledge Effect in Stock Investment Decision Making: an Experimental Study
No full textThis research is the combination of Hogarth and Einhorn (1992) and Dilla and Steinbart (2005) studies. The purpose of this study is to examine recency and knowledge effects in the stock investment decision making when mixed information (fundamental and technical information) is sequentially presented. Using a laboratory experimental design, the results show that (1) there is recency effect when different information (based on type and content) is sequentially presented; (2) based on technical analysis information, there is a difference in the stock investment decision making between the treatment and the control groups. Contrary to the expectation, there is no different stock investment decision resulted from fundamental analysis information. The results show that decision makers with accounting background tend to use only financial information, while those who understand technical analysis will consider both fundamental and technical data analysis
Pengaruh Manajemen Laba Terhadap retun Saham pada Perusahaan yang Diaudit KAP Big 5 dan KAP Non Big 5
No full textThis study examines whether a relation exists between audit quality and earnings management. Accrual based earnings is considered superior to cash flows. Accruals let managers communicate their private and inside information and thereby improve the ability of earnings to reflect underlying economic value. Auditing plays an important role in mitigating these agency costs by constraining opportunistic management of accruals. Earnings management is proxied by discretionary accruals which are estimated using cross-sectional version of Jones (1991) model. The findings of this study indicate that the effect of earnings management on stock returns is greater for firms audited by Big 5 auditors than audited by non-Big 5 auditors
The Effect of Degree of Convergence to IFRS and Governance System to Accounting Conservatism: Evidence From Asia
No full textMotivated by increasing pressure for full convergence to IFRS, I investigate the effect of degree of convergence from local standards to IFRS on accounting conservatism. I also examine the impact of governance system, both at country and firm level, on conservatism. This research's sample covers a number of East and South East Asia countries: Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Philippines,Singapore, Taiwan and Thailand. This study concludes that the degree of convergence positively affects accounting conservatism. Governance system, both at country level and firm level, also has positive influence on accounting conservatism. Interestingly, the influence of the extent of convergence of local GAAP to IFRS and corporate governance practice on conservatism is stronger for companies in countries with weak investor protection. In addition, I find that the adoption of international standards will increase accounting conservatism in companies with weak corporate governance practice
Pengaruh Ketepatwaktuan Publikasi Laporan Keuangan Terhadap Kandungan Kualitas Informasi Laba Akuntansi di Pasar Modal Indonesia
No full textThe main objective of this research is to investigate the effect of timeliness on the information quality of accounting earnings. In addition, the study also examines the effect of timeliness differences on the information content of accounting earnings. I use two measures of timeliness: absolute timeliness and relative timeliness. Absolute timeliness is defined as (1) the length of reporting delay since the reporting date of financial statement and (2) the length of reporting delay since the date of the report signed by the independent auditor but it is still under the time allowed by the authority (BAPEPAM). On the other hands, relative timeliness is defined as (1) the difference between the length of reporting delay of current and previous report, or (2) weighted scores of the difference between the length of reporting delay of current and previous report. The length of reporting delay is measured by the number of day toward the deadline date set by market authority (BAPEPAM). Thus, the higher the number of day toward the deadline means that firms publish their report more timely. Using 122 company’s audited annual financial statement from the period of 2003 to 2005, the study shows that timeliness, particularly absolut timeliness, is positively associated with the information quality of accounting earnings suggesting that delaying publication of financial report will decrease the quality of information content. In addition, the study also finds that consistent with previous studies, other factors such as risk, market to book value, capital structure, and size together determine the quality of information of accounting earning. The result of the study should be of interest to the market authority, BAPEPAM in particular, to put efforts to increase the value relevance of accounting information by increasing the timeliness
Audit Committee, control of Majority Shareholder and Their Impact on Audit Committee Effectiveness: Indonesia Evidence
No full textThe purpose of this study is to provide empirical evidence about the impact of audit committee composition and the control of firm governance on audit committee effectiveness (ACE), based on a survey of audit committees of publicly listed companies in the Jakarta Stock Exchange. Examining the impact of the control of firm governance by majority shareholders is interesting since the ownership structure of listed companies in Indonesia is still dominated by family ownershipThe study finds that audit committee composition has a positive impact on ACE. But, ACE is also influenced by the control of firm governance by majority shareholders. Our findings are consistent with the hypothesis that majority shareholders perceive audit committees as a threat to their control of the companies, and therefore use their power in the board of commissioners as well as directors to restrict audit committee authority, resources, and efforts
Pengaruh Persistensi Laba dan Laba Negatif Terhadap Koefisien Respon Laba dan Koefisien Respon Nilai Buku Ekuitas pada Perusahaan Manufaktur di Bursa Efek Jakarta
No full textThe objective of this study is to examine the value relevance of accounting earnings and book value of equity in explaining stock price. The study is aimed to identify the factors that influence earnings response coefficient and equity book value coefficients. The factors are negative earnings and earnings persistence. The results show that accounting earnings and book value of equity are positively associated with stock price. This results support the prior studies that accounting earnings and book value of equity have value relevance (Ohlson, 1995; Burgthaler and Dichev, 1997, etc). Accounting earnings and book value of equity are useful to explain stock price changes. The results of this study are consistent with previous studies that earnings response coefficient is greater in the firms that have permanent earnings (Ohlson, 1995; Collins and Kothari, 1989; Barth et al., 1998; Ou and Sepe, 2002), According to prior studies, earnings response coefficient is smaller in the firms that have negative earnings (Jan and Ou, 1995; Hayn, 1995). Book value response coefficients is smaller in the firms that have permanent earnings and greater in the firms that have negative earnings, consistent with Ohlson, 1995; Collins and Kothari, 1989; Barth et al., 1998; Ou and Sepe, 2002, Jan and Ou, 1995; Hayn, 1995
Model Komitment Multidimentional atas Pilihan Adopsi Sistem dan Perilaku Pemraktikan (Studi Empiris di Yogyakarta)
No full textPenelitian ini bertujuan untuk memvalidasi konstruk komitmen pemakai dengan fokus sentral perilaku harapan pemilihan dan menguji pengaruhnya terhadap adopsi sistem dan perilaku pemakaiannya. Penelitian ini membuktikan secara empiris bahwa norma personal dan norma sosial memiliki peran terhadap pemakaian sistem. Kutub norma personal memiliki rincian identifikasi dan internalisasi yang berfungsi sebagai komitmen afeksi, dan kutub norma sosial memiliki rincian kepatuhan yang berfungsi sebagai komitmen berkelanjutan (Kelman’s Social Influence Theory). Kedua kutub ini mendorong atau memotivasi pemanfaatan pilihan penggunaan sistem.Penelitian ini, termasuk kemanfaatannya, membuktikan bahwa sistem informasi tidak mampu meningkatkan kinerja organisasi atau kinerja manajerial, tetapi mengisyaratkan bahwa kinerja organisasional hanya mampu terealisasi melalui identifikasi, internalisasi, dan kepatuhan atas perilaku yang telah terbawa (termaktub). Suksesnya sebuah sistem bergantung kepada harapan pilihan pemakai selama adopsi sistem dan kepada harapan pemraktikan sistem informasi yang lebih luas. Oleh karena itu, komitmen pemakai menjadi kunci pokok untuk terimplementasinya sebuah sistem informasi
Faktor-faktor yang Mempengaruhi Praktik Perataan Laba pada Perusahaan yang Terdaftar di Bursa Efek Jakarta
No full textIncome smoothing practice is a common phenomenon and incurred in several countries. The definition of income smoothing is defined as the way used by the management to reduce the fluctuations of reported income to achieve the target income either artificially (through accounting method) or economically (through transaction). Income smoothing practice is important because this practice can is a result of the disfunctional behaviour which arise as from conflicts among parties who have interest on the financial statements of the companies, especially the income statement.This research is designed to examine factors that can be identified with the incidence of income smoothing practice among listed companies at Jakarta Stock Exchange (JSX). The factors being examined were size, profitability, industrial sectors and operating leverage of the companies. To determine the incidence of income smoothing practice, Eckel index was used. The object of income smoothing in this research is net income. The samples were 53 listed companies at JSX, six years from 1991-1996, with total subsamples of 318 financial statements.Univariate tests (Mann-Whitney, Chi-Square and T-Test) and multivariate tests (logistic regression) were used to identify the factors affecting the income smoothing practice. One-Sample Kolmogorov-Smirnov test was also performed to test the normality of the data being used.The results of Eckel index calculation showed that income smoothing is also practiced by listed companies at JSX. The Descriptive statistics showed that companies in financial institutions sector practiced income smoothing more than those in manufacturing sectors. The test results of univariate tests showed that industrial sectors and operating leverage are the variables having a significance influence on income smoothing practice. Multivariate tests showed that only operating leverage influences income smoothing practice. In conclusion, from four independent variables being examined, only operating leverage affects the incidence of income smoothing practice
Pengujian Efisiensi Pasar Bentuk Setengah Kuat Secara Keputusan: Analisis Pengumuman Dividen Meningkat (Studi Empiris pada Bursa Efek Jakart Selama Krisis Moneter)
No full textThe purpose of this research is to examine the decisionally efficient market by analyzing the increase of dividend announcement at the Jakarta Stock Exchange during monetary crisis. The analysis involves information content, speed of market reaction and accuracy of market reaction. The test of information content is not only dividend increase but also for dividend constant and dividend decrease announcement. Samples of this research are 57 increase dividend announcements, 22 constant dividend announcement and 59 samples of decrease dividend from 1998 until 2002. We use t-test to test the hypothesis. The result shows that there are information content from dividend increase but also for dividend constant and dividend decrease announcement. The result of test speed market reaction shows that market react slowly to increase dividend announcement. There are some investors get abnormal return in continues time. The result of test accuracy market reaction shows that investors are not sophisticated toward increase dividend announcement both to increase dividend announcement of growth and non growth firms. Investors have positive reaction to increase dividend announcement of growth firms and non growth firms. Based on those results, it can be concluded that Indonesian capital market is neither yet informationally efficient market nor decisionally efficient market during monetary crisis