| Nama Pengarang | : | IMAM SUBEKTI, INDRA WIJAYA KUSUMA |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 44-63 |
| Abstraksi Narasi | : | The objectives of this study are to empirically examine the correlation between the investment opportunity set (IOS) values as firm growth proxy and realized firm growth, to investigate the association between the invesrment opportunity set and corporate financing, and dividend policies, and to examine the difference of firms stock price classified by the investment opportunity set value. Five variables are used as firm growth indicator such as book value of plant, property, and equipment to assets ratio (PPE/BVA); market to book of equity ratio (MVE/BVE); price to earning ratio (P/E); market to book of assets ratio (MVA/BVA); and capital addition to book of assets ratio (CAP/BVA). These variables are analyzed by common factor analysis. Fourty growth firms and 40 no growth firms from 97 public firms at Jakarta Stock Exchange except banking and financing industry firms can be determined, based on common factor analysis. Spearman Rank Correlation was employed to examine the correlation between IOS values and realized growth firm. The empirical results show that the correlation between MVA/BVA, MVE/BVE, and CAP/BVA and realized growth firm are significantly positive, as expected. However, there are no correlation between PPE/BVA and P/E ratio and realized growth firm, as not ecpected. Growth firms have lower financing, and dividend policies than no growth firms. Nevertheless, classified firms based on IOS values don`t affect changes of stock price, proxied by abnormal return. It means that investors have not reacted yet to the signals. The multivariate test result shows that stock price is not affected by firm growth classification, return on asset, and dividend payout. |
| Nama Pengarang | : | Zaki Baridwan, Puput Tri Komalasari |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 64-81 |
| Abstraksi Narasi | : | This research examines the associaton 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 asymmetry. 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 19956. 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-varible, 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 equity capital. Large companies experience a greater declining cost of equity than small companis, 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. |
| Nama Pengarang | : | Sihwahjoeni,M. Gudono |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 168-184 |
| Abstraksi Narasi | : | Penelitian ini bertujuan untuk menguji secara empiris perbedaan persepsi tujuan kelompok akuntan (akuntan publik, akuntan pendidik, akuntan pendidik sekaligus akuntan publik, akuntan manajemen, akuntan pendidik sekaligus akuntan manajemen, akuntan pemerintah, akuntan pendidik sekaligus akuntan pemerintah) terhadap kode etik akuntan. Hasil analisis penelitian menunjukkan bahwa pada faktor kepribadian (X1) antara akuntan publik dengan akuntan manajemen, antara akuntan pendidikan dengan akuntan manajemen, dan antara akuntan pendidik dengan akuntan pemerintah terdapat perbedaan persepsi yang signifikan. Pada faktor kecakapan profesional (X2) terdapat perbedaan persepsi yang signifikan antara akuntan pendidik dengan akuntan pendidik sekaligus akuntan publik. Antara akuntan pendidik dengan akuntan pendidik sekaligus akuntan pemerintah terdapat perbedaan persepsi yang signifikan pada faktor tanggung jawab (X3). Sedangkan pada faktor penafsiran dan penyempurnaan kode etik (X5), antara akuntan pendidik dengan akuntan manajemen,antara akuntan pendidik dengan akuntan pemerintah, antara akuntan manajemen dengan akuntan pendidik yang sekaligus akuntan pemerintah, antara akuntan pendidik yang sekaligus akuntan manajemen dengan akuntan pendidik yang sekaligus akuntan pemerintah terdapat perbedaan persepsi yang signifikan. |
| Nama Pengarang | : | Bandi,Jogiyanto Hartono |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 203-213 |
| Abstraksi Narasi | : | Many of researches on price and volume reaction associated with the earnings announcement have been conducted. Bamber and Cheon (1995) acknowledge that there is a positive relation between the average of magnitudes of price and of volume reaction. Nearly a quarter of the quarterly earning announcements generate price and volume reaction of different relative magnitudes. Surprisingly, there is little empirical evidence of such reaction regarding the dividend announcements. This research investigates the volume and price reactions associated with the dividend announcements. The result of this study shows a dependence between price and volume reaction . Additionally, price and trading volume is positively related. Although there is a relation between price and volume reaction around dividend announcement, the reactions are very relatively different in magnitudes. The relative magnitudes of price and volume reactions are extremely different for 32,88 percent of these sample dividend announcements, relatively similar reactions for 30,87 percent, and the remaining 36,24 percent shows relatively indeterminate reactions. |
| Nama Pengarang | : | Parawiyati,Ambar Woro Hastuti,Edi Subiyantoro |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 214-228 |
| Abstraksi Narasi | : | The objective of this research is to test relationship of the ability financial information in predicting the benefit of equity investment that consist of earnings and cash flow. Financial information includes; changes` earnings, account receivable, inventory, selling and administration expenses, and gross profit to sales ratio. The reason for using financial variables is based on the evidence that previous researchers used the same variables as significant indicators of the effects of changes in earnings and cash flows. This research has gotten a sample of 288 financial reports, which were published among 1998-1994 by manufacturing firms, which quoted on Jakarta Stock Exchange. The first hypothesis is that financial information will predict the changes in earnings and cash flow for one year or more. While the second, they are provide incremental prediction ability in the presence of cash flow. The statistical results show that financial information is useful in predicting changes in earnings and cash flow. Earnings and gross profit to sales ratio were significant in predicting changes in earnings one year ahead, but not significant for predicting cash flow. The significant variables in predicting the changes in earnings and cash flow ahead were selling and administrative expenses and gross profit to sales ratio. The tests whether earnings provide incremental predictive in the presence of cash flow, the result of statistics shows that it was not significant, however cash flow is a better predictor of cash flow. |
| Nama Pengarang | : | Nurika Restuningdiah,Nur Indriantoro |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 119-133 |
| Abstraksi Narasi | : | The relationship between user participation and user satisfaction in the system development process still becomes the interesting problem, because there has not been consistent empirical result. In seeking to explain such equivocal results, the effect of three contingency factors-task complexity, system complexity, and user influence--on the relationship between user participation and user satisfaction were investigated. As suggested in the literature, this research tests hypotheses that these spesific contingency factors should aid in identifying situations where user participation would have a strong relationship with satisfaction. Analysis of 102 midle managers from different organization, who become the respondents, indicated that user participation has direct relationship with user satisfaction. The contingency factors were found to play key roles on this relationship.. Task complexity and system complexity proved to be quasi moderator, so that in the high level of task and system complexity, the relationship between user participation and user satisfaction was significantly stronger than in project where task and system complexity was low. User influence was shown to be quasi moderator on the relationship between user participation and user satisfaction. The implications of this study is relevant to system developers and to academicians seeking to explain how and why user participation is needed. The results help explain the relationship between user participation and user satisfaction by suggesting the nature of the relationship under different sets of conditions |
| Nama Pengarang | : | Iwan Triyuwono,Roekhuddin |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 151-167 |
| Abstraksi Narasi | : | Makalah ini bertujuan untuk menganalisa konsistensi antara praktik sistem pengendalian intern dengan pemahaman akuntabilitas manajemen sebuah Lazis di Jakarta. Dengan menggunakan pendekatan single case study dan analisa deskriptif-kualitatif ditemukan bahwa terdapat ketidak-konsistenan antara praktik sistem pengendalian intern dengan pemahaman akuntabilitas. Ketidak-konsistenan ini disebabkan oleh lemahnya sumber daya manusia. Namun demikian, dari penelitian ini ditemukan adanya keunikan pada pemahaman akuntabilitas. Akuntabilitas dalam konteks penelitian ini dipahami dalam tiga tingkatan, yaitu akuntabilitas pada muzakki, munfiq, dan musaddiq, pada Dewan Penasehat, dan pada Tuhan yang meliputi aspek fisik, mental, dan spiritual. |
| Nama Pengarang | : | Nurkholis |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 185-202 |
| Abstraksi Narasi | : | This study focuses on revealing the economic consequences of goodwill accounting regulation in Australia. It attempts to achieve three main purposes: (1) to reveal the relationship between bonus compensation plans and managers` agreement/disagreement with Australian goodwill accounting standard, AASB 1013, (2) to examine the relationship between acquisition made by companies and managers` agreement/disagreement with the accounting standard, and (3) to test whether there is a significant difference between managers` and public accountants` agreement/disagreement with the standard. Data of this research were gathered through mail survey. Respondents participated include 80 accounting managers of publicly listed companies and 70 public accountants which, altogether, represent 50% response rate. The quantitative approach (independent sample t test and ANOVA) is used to address the research questions. This study reveals that the goodwill accounting regulation in Australia has had economic consequences which have been evident by the finding that managers with bonus compensation plan showed greater disagreement (compared with managers without bonus compensation plan) in the duration of twenty years allowed to amortize goodwill. This is supported by further evidence that managers have shown significantly stronger disagreement with the goodwill standard compared to public accountants which were less likely to be affected by the goodwill accounting regulation. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 102-117 |
| Abstraksi Narasi | : | The accounting Education Change Commission released its Issues Statement No.4 addresing concerns with the early employment experiences of professional accountants. Among other suggestions, the Commission recommended a number of actions supervisors of entry-level staff can employ to improve job satisfaction. This study reports the result of a survei of 97 entry-level accountants from 57 local, national and Big 5 accounting firms relative to their perceptions of the existence of the supervisory actions. This study finds that the three major elements of supervisory action recommended by the AECC, leadership and mentoring, working conditions, and assignment, are all correlated with reported job satisfaction. However, there are significant differences between small firms and Big 5 firms relative to both working conditions actions and job satisfaction, with accountants at smaller firms reporting higher levels of each. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 1-16 |
| Abstraksi Narasi | : | In their seminal paper, Ball and Brown (1968) documented a positive statistical association between earnings surprises and stock returns around an earnings announcement. They concluded that earnings conveyed useful information to the market. However, the question of whether the exchange rate loss, as a component of earnings, affects the stock market has never been answered yet. The purpose of this peper is to examine the effect of reporting of exchange rate losses on the stock market. Empirical model is estimated using OLS and multiple regression is used to analyze the relationship between exchange rate loss and stock price. A sample of 106 companies is divided into group 1 (companies with exchange rate loss) and group 2 (companies without exchange rate loss). All of the data are derived from COMPUSTAT tape for the year 1995-1996,with Standard and Poor 500 category. The results of this study support the hyphotesis that there is a correlation between reporting of exchange rate losses and stock price. Thus the stock price responds exchange rate loss reflected in earnings.. |
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