| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 66-90 |
| Abstraksi Narasi | : | This study examines the usefulness of financial ratios at individual and conctruct levels in predicting earnings change for one and two years ahead. This study also compares prediction powers of financial ratios between one and two years ahead. There are 19 financial ratios categorized into four construct in predicting earnings changes. Data in this study are banking firms listed on the Jakarta Stock Excange. Regression analysis and Analisis of Moment Structures (AMOS) are used in testing the usefulness of financial ratios in predicting ernings changes. The prediction powers of financial ratios toward earnings change are tested by comparing coefficients between one period and two period ahead. The empirical results shows that changes of financial ratios at construct level is useful to predict banking corporate`s earnings changes for one year ahead, whereas financial ratios at individual level are found unuseful. The prediction power of financial ratios for two years ahead is found smaller than that of one year ahead. Furthermore, the prediction power of financial ratios for two year ahead is found unuseful. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | 1 (No. 2) |
| Nomor Halaman | : | 163-173 |
| Abstraksi Narasi | : | The overall purpose of the study is to investigate the information content of annual earnings announcements in terms of trading volume activities in Jakarta Stock Exchange market of the year 1995. To achieve this objective, 30 firms meeting the following criteria have taken: (1) companies having stocks active for the periode under consideration, (2) having a continuous listing in the exchange for the study period, (3) companies issuing audited financial statement for the year 1994, (4) companies having no news announcement except release of annual earnings announcements. This study uses secondary data the measurement of which is made on an ordinal scale. The statistical techniques used in making the data analysis are the Wilcoxon signed ranks test and the Spearman`s rank correlation coefficients. Based on the data analysis for this study, researcher noticed that security trading volume significantly increases when companies announce annual earnings to the time before the announcement. Moreover, findings show that there is a correlation between the unexpected trading vlume and the absolute value of the magnitude unexpected earnings. Finally, it also show that there is whether a correlation between unexpected trading value with the size of the firm, or there is a correlation between the size of the firm and uxpected earnings. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | 1 (No. 2) |
| Nomor Halaman | : | 239-254 |
| Abstraksi Narasi | : | The efficient market hypotheses state that security prices instaneously reflect all relevant available information. In other words, the investment decisions made by the investors are a reaction to the information received by them. The financial statements published consist of specific information about the firm, and in the Financial Accounting Standards (Standar Akuntansi Keuangan) No. 2 the Cash-Flow Statements as part of financial statements must be published since January 1, 1995. The objective of this study, is to investigate whether Cash-Flow Statements influence investors decisions. This is expected to be reflected in the change of the average relative trading volume activity (TVA) around the dates of financial statements published two years prior to two years after Cash Flow Statements are publications. Analysis of 37 security samples indicate that: (1) For financial statements of December, 31 1991 and 1992, xTVA did not significantly relate to the financial statement published, while for the financial statements of December, 31 1993 and 1994 xTVA related significantly to the financial statements published. This results provide empirical evidence that investors react to the financial statements as of December, 31 1993 and 1994. (2) There is a significant difference between xTVA two years prior with two years after Cash Flows Statements publication. The result indicates that xTVA prior Cash Flow Statements publication (xTVA 1991=0,1355, 1992=0,0745) and after Cash Flows Statements publication xTVA 1993=0,0927, xTVA1994=0,0711). In fact these significantly difference caused of xTVA three days around the financial statements December, 31 1991 publication date relatively higher to 1992, 1993, and 1994. Is probably caused of bullish condition in Indonesian stock market in 1989 up to 1990, where many investors bought the stocks without really considering the information contains in the financial statements. This case were also supported by the result of first hypotheses in this research, and the findings of Papilaya (1989) and Hendrayati (1992) indicate that the investors did not use financial information in investment decision making. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | 1 (No. 2) |
| Nomor Halaman | : | 255-268 |
| Abstraksi Narasi | : | Laporan keuangan, khususnya informasi penghasilan merupakan salah satu informasi penting yang digunakan oleh investor untuk menilai kinerja perusahaan. Penelitian ini bertujuan untuk memberi bukti empiris bahwa informasi penghasilan (income) perusahaan berpengaruh terdapat harga saham di Bursa Efek Jakarta (BEJ). Penelitian ini dilakukan dengan mengambil sampel saham yang aktif diperdagangkan di bursa berdasarkan Monthly Report BEJ. Estimasi tingkat penghasilan dilakukan dengan analisa trend dan memakai data rata-rata bergerak (moving avarage) penghasilan dua semesteran. Sedangkan estimasi tingkat return saham dilakukan dengan memakai model pasar (market model) berdasarkan data indeks harga saham individual and harga saham gabungan mingguan. Hipotesis yang diuji adalah jika unexpected income bertanda positif, abnormal return juga positif demikian juga sebaliknya, atau ada korelasi antara tanda (+/-) unexpected income dengan tanda (+/-) abnormal return saham. Hasil pengujian pada minggu diumumkannya laporan keuangan ternyata menerima hipotesis tersebut dengan nilai statistik Xkuadrat=5,5314 dan koefisien korelasi kontingensi sebesar 0,4115, signifikan pada tingkat 0,05. Namun pengujian pada periode satu minggu sebelum dan sesudah laporan keuangan diumumkan ternyata menolak hipotesis tersebut. Dari hasil pengujian hipotesis dan pengamatan terhadap cumulative abnormal return (CAR) dapat disimpulkan bahwa BEJ responsif terhadap informasi penghasilan yang masuk dalam pasar atau BEJ telah efisien dalam menyerap informasi penghasilan perusahaan yang dipublikasikan. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | 1 (No. 2) |
| Nomor Halaman | : | 192-207 |
| Abstraksi Narasi | : | The importance of user participation to improve user satisfaction in the systems development process has been recognized in the literature. However, the perspective has suffered from equivocal results of empirical test and the absence of a theoritical explanation for the relationship. The purpose of this study is to investigate the interaction effect of contigency factor--top management support and user-developer communication--on relationship between user participation and user satisfaction. As suggested in the literatur, this study test hypotheses that these specific contigency factors should aid in indentifying situation where user participation would have a strong relationship with satisfaction. This study based on the responses of 94 midle manager from different organizations. The result of the analysis indicated that user participation has a direct relationship with user satisfaction. In addition, the contingency factors were found to play key roles on this relationship. Top management support proved to be quasi moderator. In project where there was a high level of top management support, the relationship between user participation and user satisfaction was significantly stronger than in project where top management support was low. User-developer communication were shown to be independent predictor of user satisfaction. User developer communication was positively related to user satisfaction regardless of the level of participation. The result have implications to systems developers and to academicians seeking to explain how, when, why and where user participation is needed. It was also explained the relationship between user participation and user satisfaction by suggesting the nature of relationship under different sets of conditions. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | 1 (No. 2) |
| Nomor Halaman | : | 141-162 |
| Abstraksi Narasi | : | This 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. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | 1 (No. 2) |
| Nomor Halaman | : | 174-191 |
| Abstraksi Narasi | : | Income 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 becouse this practice 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. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | 1 (No. 2) |
| Nomor Halaman | : | 219-238 |
| Abstraksi Narasi | : | This study examines the effects of leadership styles, perceived environmental uncertainly, and job-relevant information on budgeting systems. Budgeting systems were defined in terms of the perceived usefulness of several budgeting characteristics that can be related to budgeting systems. These budgetary characteristics were included in budgetary participation, budget goal clarity, budget goal difficulty, budgetary evaluation, and budgetary feedback. In addition to examining the direct effects of independent variables specified, this study sought to determine how the independent variables interacted. Using mail survey of a total 500 managers were drawn from 63 leading companies from the Java island. They were requested to respond to a quetionnaire, 46 of them responded. The data collected was analyzed using a multiple regresion equations and path analysis statistics. The research hypotheses were examined using F and t test on an 5% convidence interval. F tests showed that three of budgetary characteristics were significant. First, budgetary evaluation had F test of 0,04, second, budgetary feedback had F test of 0.003, and finally budgetary goal difficulties had F test of 0,09. If, t test on an 10% convidence interval, than budgetary goal difficulty was stated significant. However, the two other characteristics budgetary participation and budgetary goal clarity were not significant on an interval confidence of 5% or 10%. The t test results in this study indicated that: (1) Leadership styles are associated with the range of budget goal difficulty, budgetary evaluation, and budgetary feedback, perceived invironmental uncertainty with the range of budget goal difficulty, and job relevant information with budgetary feedback. (2) The indirect effects of perceived environmental uncertainty acting through leadership style have influence of the range budget goal difficulty. |
| Nama Pengarang | : | Marwan Asri S.W, Susilawati Muslimah, Mas'ud Machfoedz, Liauw She Jin, Ietje Nazaruddin, Indriantoro, Nur, Sunarti Setianingsih, Wiwik Utami, Suharmadi, Sudibyo, Bambang, Ambar Woro Hastuti, Ainun Na'im, Berhanu Beza |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | 1 (No. 2) |
| Nomor Halaman | : | 208-218 |
| Abstraksi Narasi | : | Akuisisi adalah salah satu strategi yang banyak diterapkan dalam upaya melakukan ekspansi. Perilaku ini secara teoritis memberikan suatu tanda (signal) kepada para pemegang saham. Sampai saat ini kesimpulan yang didapat tentang positif-negatifnya signal tersebut masih mendua. Akuisisi dapat memberikan signal yang positif, sehingga mendapatkan reaksi yang positif pula dari para pemegang saham, karena memberikan kesan bahwa perusahaan yang mengakuisisi berada dalam posisi yang sangat kuat. Sebaliknya, ia dapat pula memberikan signal yang negatif karena mendatangkan kekhawatiran akan beban baru perusahaan. Penelitian ini, dengan mengambil kasus di sektor perbankan di Amerika Serikat, bertujuan untuk mengetahui reaksi para pemegang saham terhadap agresivitas perusahaan (bank) dalam melakukan akuisisi. Dengan menggunakan prosedur event study, ditemukan bahwa segera setelah event (yakni pengumuman akuisisi), timbul abnormal return yang signifikan. Kemudian, dengan menggunakan analisis regresi berganda ditemukan bahwa tingkat agresivitas berhubungan positif (dan signifikan) dengan besarnya abnormal return. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Jurnal Riset Akuntansi Indonesia |
| Volume / Nomor Edisi | : | 1 (No. 1) |
| Nomor Halaman | : | 85-110 |
| Abstraksi Narasi | : | Accounting 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 organization. We can see that trust management-as a result of inner self interaction-has a unique implication on accounting craft. |
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