PERAN MODERASI KONVERGENSI IFRS DALAM HUBUNGAN ANTARA AGRESIVITAS PELAPORAN KEUANGAN DAN RETURN
Keywords:
konvergensi IFRS, laporan keuangan, return
Abstract
The purpose of this study is to examine the effect of accrual information quality and the role of IFRS convergence on earnings informativeness measured by ERC in relation to stock price movements occurring in Indonesia. Using manufacturing companies that went public and were listed on the Indonesia Stock Exchange in 2004-2013. The use of sample companies in 2004-2007 was before the IFRS convergence and in 2008-2013 after the IFRS convergence. The results showed that earnings response coefficient on earnings information decreased due to reported earnings containing high discretionary accruals. While investor perceptions (ERC) increased after the IFRS convergence.
Downloads
Download data is not yet available.
References
Adika, Asri Widyawati dan Anggraita, Viska. 2013. Pengaruh Konvergensi IFRS Efektif Tahun 2011, Kompleksitas Akuntansi, dan Probabilitas Kebankrutan Perusahaan Terhadap Timelines dan Manajemen Laba. Paper pada Simposium Nasional Akuntansi di Manado.
Ahmed, Anwer, Neel, Michael, & Wang, Dechun. 2013. Does Mandatory Adoption of IFRS Improve Accounting Quality? Preliminary Evidence.Contemporary Accounting Research, 30(4), 1344-1372.
Armstrong, C., Guay, W.R., dan Weber, J. 2010. The Role of Information and Financial Reporting in Corporate Governance and Debt Contracting. Journal of Accounting and Economics. 50. 179-234.
Ball, R. J. and P. Brown. 1968. An Empirical Evaluation of Accounting Income Numbers.Journal of Accounting Research 6, 159-178.
Ball, Ray. 2006. International Financial Reporting Standards (IFRS): pros and cons for investors. Accounting and Business Research, 36, 5-27
Barth M.E, Landman, W.R., Young, D., dan Zhuang, Z. 2014. Relevance of Differences between Net Income based on IFRS and Domestic Standards for European Firms. Journal of Business Finance & Accounting. Vol 41, Issue 3-4, pages 297–327,
Bowen, R. Burgstahler, D., dan Daley. 1987. The Incremental Content of Accrual Versus Cash Flow Data. The accounting review.62,723-747.
Beaver, W.H. 1968.The information content of annual earnings announcement.Journal of Accounting Research Supplement to 6.67-92.
Callen, J.L dan Segal, D. 2004. Do Accruals Drive Firm-Level Stock Returns? A Variance Decomposition Analysis. Article online: 29 APR 2004.
Chua, Yi Lin (Elaine), et al. 2012. The Impact of Mandatory IFRS Adoption on Accounting Quality: Evidence from Australia. Journal of International Accounting Research, 11 (1): 119-146.
Collins, D., E. Maydew, and I. Weiss. 1997. Changes in the Value-Relevance of Earnings and Book Values over the Past Forty Years.Journal of Accounting and Economics, 24, 39-67
DeFond, M.L. and J. J. Jiambalvo. 1994. Debt Covenant Violation and Manipulation of Accruals.Journal of Accounting and Economics 17, 145-1476.
DeFond, M. L. and C. W. Park. 2001. The Reversal of Abnormal Accruals and The Market Valuation of Earnings Surprises.The Accounting Review 76, 375-404.
Frank, M.M., Linch, L.J., dan Rego, S.O.2009. Tax Aggresiveness and Its Relation to Aggresive Financial Reporting. The Accounting Review.vol. 84, no.2. 567-496.
Gebhardt, G., dan Farkas, Z.N. 2011. Mandatory IFRS Adoption and Accounting Quality of European BanksJournal of Business Finance & Accounting, Vol. 38, Issue 3-4, pp. 289-333, 2011
Healy, Paul M, & Wahlen, James M. 1999. A review of the Earnings Management Literature and ts implications for Standard Setting.Accounting Horizons, 13(4), 365-383.
Holler, Annette. (2008). Have Earnings Lost Value-Relevance? Revisiting Latest Evidence on EVA.The Business Review, Cambridge, 10(2), 245-254.
Houqe, Muhammad Nurul, Easton, Samuel, & Zijl, Tony van. (2014). Does mandatory IFRS Adoption Improve Information Quality in Low Investor Protection Countries? Journal of International Accounting, Auditing and Taxation, Volume 23(2), Pages 87–97
Jones, J. 1991. Earnings Management During Import Relief Investigations.Journal ofAccounting Research 29, 193-228.
Kip, Andre. 2009. The effect of Fair Value on the Earnings Response Coefficient. Master thesis. University of Amsterdam.
Kormendi dan Lippe. 1987. The Relation Between Stock Return and Accounting Earning Given Alternative Information. The Accounting Review 65.
La Porta, R., Lopez-de Silanes, F., Shhleifer A., Vishny, R. 1997. Legal Determinant of External Finance. TheJournal of Finance. 52. 1131-1150.
Latif, Dwianto Muhktar. 2012. Pengujian Kualitas Informasi dan Asimetri Informasi Sebelum dan Sesudah Adopsi IFRS di Uni Eropa. Thesis. Magister Sains dan Doktor Ilmu-ilmu Ekonomi Fakultas Ekonomi dan Bisnis Universitas Gadjah Mada, Yogyakarta.
Levitt, Arthur. 1998. "The Numbers Game". Unpublished Remarks
Paglietti P.2009.The Value Relevance of Accounting Information in Italy Following IFRS Adoption, IR Top, VI, n. 4, October/December.
Pelucio-Grecco, Marta Cristina, Geron, Cecília Moraes Santostaso, Grecco, Gerson Begas, & Lima, João Paulo Cavalcante. 2014. The Effect of IFRS on Earnings Management in Brazilian non-financial Public Ccompanies. Emerging Markets Review, 21, 42-66.
Purwanti, Ari. 2011. Pengaruh Insentif Ekspropriasi terhadap Pengelolaan Laba dengan Mempertimbangkan Transaksi Hubungan Istimewa, Keberadaan Pengendali dalam Manajemen, Efektifitas Dewan Komisaris dan Dewan Audit, Serta Pemegang Saham Terbesar Kedua. Disertasi PIA FE-Universitas Indonesia.
Rendleman, R.J. Jr., Jones, C.P., Latané, H.A. 1982. Empirical Anomalies Based on Unexpected Earnings and The Importance of Rrisk Adjustments.Journal of FinancialEconomics 10, 269-287.
Ramakrishnan, Ram, T.S dan Thomas, JK. 1991. Valuation of Permanent, Transitory, and Price-Irrelevant Component of Reported Earnings.
Schipper, Katherine. 1989. Commentary on Earnings Management. Accounting Horizons Subramanyam, K. R. 1996. The pricing of discretionary accruals.Journal of Accountingand Economics 22, 249-281.
Scoot, William. R. 2010. Financial Accounting Theory, Second Edition, Canada: Prentice Hall.
Sloan, R. G. 1996. Do Stock Prices Fully Reflect Information in Accruals and Cash Flowsabout Future Earnings?The Accounting Review 71, 289-316
Wilson, G. P. 1986. The Relative Information Content of Accruals and Cash Flows:Combined Evidence at The Earnings Announcement and Annual Report Release Date.Journal of Accounting Research 24, 165-200.
Wilson, G. P. 1987. The Incremental Information Content of Accrual and Funds Components of Earnings After Controlling for Earnings.The Accounting Review62, 293-322.
Whelan, Catherine, & McNamara, Ray. 2004. The Impact of Earnings Management on the Value-relevance of Financial Statement Information.SSRN working paper.
Watts, R., & Zimmerman, J. 1990. Positive Accounting Theory : A Ten Year Perspective. Accounting Review, 65(1), 131.
Xie, H. 2001. The Mispricing of Abnormal Accruals.The Accounting Review 76, 357-373.
Ahmed, Anwer, Neel, Michael, & Wang, Dechun. 2013. Does Mandatory Adoption of IFRS Improve Accounting Quality? Preliminary Evidence.Contemporary Accounting Research, 30(4), 1344-1372.
Armstrong, C., Guay, W.R., dan Weber, J. 2010. The Role of Information and Financial Reporting in Corporate Governance and Debt Contracting. Journal of Accounting and Economics. 50. 179-234.
Ball, R. J. and P. Brown. 1968. An Empirical Evaluation of Accounting Income Numbers.Journal of Accounting Research 6, 159-178.
Ball, Ray. 2006. International Financial Reporting Standards (IFRS): pros and cons for investors. Accounting and Business Research, 36, 5-27
Barth M.E, Landman, W.R., Young, D., dan Zhuang, Z. 2014. Relevance of Differences between Net Income based on IFRS and Domestic Standards for European Firms. Journal of Business Finance & Accounting. Vol 41, Issue 3-4, pages 297–327,
Bowen, R. Burgstahler, D., dan Daley. 1987. The Incremental Content of Accrual Versus Cash Flow Data. The accounting review.62,723-747.
Beaver, W.H. 1968.The information content of annual earnings announcement.Journal of Accounting Research Supplement to 6.67-92.
Callen, J.L dan Segal, D. 2004. Do Accruals Drive Firm-Level Stock Returns? A Variance Decomposition Analysis. Article online: 29 APR 2004.
Chua, Yi Lin (Elaine), et al. 2012. The Impact of Mandatory IFRS Adoption on Accounting Quality: Evidence from Australia. Journal of International Accounting Research, 11 (1): 119-146.
Collins, D., E. Maydew, and I. Weiss. 1997. Changes in the Value-Relevance of Earnings and Book Values over the Past Forty Years.Journal of Accounting and Economics, 24, 39-67
DeFond, M.L. and J. J. Jiambalvo. 1994. Debt Covenant Violation and Manipulation of Accruals.Journal of Accounting and Economics 17, 145-1476.
DeFond, M. L. and C. W. Park. 2001. The Reversal of Abnormal Accruals and The Market Valuation of Earnings Surprises.The Accounting Review 76, 375-404.
Frank, M.M., Linch, L.J., dan Rego, S.O.2009. Tax Aggresiveness and Its Relation to Aggresive Financial Reporting. The Accounting Review.vol. 84, no.2. 567-496.
Gebhardt, G., dan Farkas, Z.N. 2011. Mandatory IFRS Adoption and Accounting Quality of European BanksJournal of Business Finance & Accounting, Vol. 38, Issue 3-4, pp. 289-333, 2011
Healy, Paul M, & Wahlen, James M. 1999. A review of the Earnings Management Literature and ts implications for Standard Setting.Accounting Horizons, 13(4), 365-383.
Holler, Annette. (2008). Have Earnings Lost Value-Relevance? Revisiting Latest Evidence on EVA.The Business Review, Cambridge, 10(2), 245-254.
Houqe, Muhammad Nurul, Easton, Samuel, & Zijl, Tony van. (2014). Does mandatory IFRS Adoption Improve Information Quality in Low Investor Protection Countries? Journal of International Accounting, Auditing and Taxation, Volume 23(2), Pages 87–97
Jones, J. 1991. Earnings Management During Import Relief Investigations.Journal ofAccounting Research 29, 193-228.
Kip, Andre. 2009. The effect of Fair Value on the Earnings Response Coefficient. Master thesis. University of Amsterdam.
Kormendi dan Lippe. 1987. The Relation Between Stock Return and Accounting Earning Given Alternative Information. The Accounting Review 65.
La Porta, R., Lopez-de Silanes, F., Shhleifer A., Vishny, R. 1997. Legal Determinant of External Finance. TheJournal of Finance. 52. 1131-1150.
Latif, Dwianto Muhktar. 2012. Pengujian Kualitas Informasi dan Asimetri Informasi Sebelum dan Sesudah Adopsi IFRS di Uni Eropa. Thesis. Magister Sains dan Doktor Ilmu-ilmu Ekonomi Fakultas Ekonomi dan Bisnis Universitas Gadjah Mada, Yogyakarta.
Levitt, Arthur. 1998. "The Numbers Game". Unpublished Remarks
Paglietti P.2009.The Value Relevance of Accounting Information in Italy Following IFRS Adoption, IR Top, VI, n. 4, October/December.
Pelucio-Grecco, Marta Cristina, Geron, Cecília Moraes Santostaso, Grecco, Gerson Begas, & Lima, João Paulo Cavalcante. 2014. The Effect of IFRS on Earnings Management in Brazilian non-financial Public Ccompanies. Emerging Markets Review, 21, 42-66.
Purwanti, Ari. 2011. Pengaruh Insentif Ekspropriasi terhadap Pengelolaan Laba dengan Mempertimbangkan Transaksi Hubungan Istimewa, Keberadaan Pengendali dalam Manajemen, Efektifitas Dewan Komisaris dan Dewan Audit, Serta Pemegang Saham Terbesar Kedua. Disertasi PIA FE-Universitas Indonesia.
Rendleman, R.J. Jr., Jones, C.P., Latané, H.A. 1982. Empirical Anomalies Based on Unexpected Earnings and The Importance of Rrisk Adjustments.Journal of FinancialEconomics 10, 269-287.
Ramakrishnan, Ram, T.S dan Thomas, JK. 1991. Valuation of Permanent, Transitory, and Price-Irrelevant Component of Reported Earnings.
Schipper, Katherine. 1989. Commentary on Earnings Management. Accounting Horizons Subramanyam, K. R. 1996. The pricing of discretionary accruals.Journal of Accountingand Economics 22, 249-281.
Scoot, William. R. 2010. Financial Accounting Theory, Second Edition, Canada: Prentice Hall.
Sloan, R. G. 1996. Do Stock Prices Fully Reflect Information in Accruals and Cash Flowsabout Future Earnings?The Accounting Review 71, 289-316
Wilson, G. P. 1986. The Relative Information Content of Accruals and Cash Flows:Combined Evidence at The Earnings Announcement and Annual Report Release Date.Journal of Accounting Research 24, 165-200.
Wilson, G. P. 1987. The Incremental Information Content of Accrual and Funds Components of Earnings After Controlling for Earnings.The Accounting Review62, 293-322.
Whelan, Catherine, & McNamara, Ray. 2004. The Impact of Earnings Management on the Value-relevance of Financial Statement Information.SSRN working paper.
Watts, R., & Zimmerman, J. 1990. Positive Accounting Theory : A Ten Year Perspective. Accounting Review, 65(1), 131.
Xie, H. 2001. The Mispricing of Abnormal Accruals.The Accounting Review 76, 357-373.
Published
2019-07-30
How to Cite
Suhendro, S. (2019, July 30). PERAN MODERASI KONVERGENSI IFRS DALAM HUBUNGAN ANTARA AGRESIVITAS PELAPORAN KEUANGAN DAN RETURN. Jurnal Akuntansi Dan Keuangan (JAK), 24(2), 157-172. https://doi.org/https://doi.org/10.23960/jak.v24i2.55
Section
Articles
Jurnal Akutansi dan Keuangan allows readers to read, download, copy, distribute, print, search, or link to the full texts of its articles and allow readers to use them for any other lawful purpose. The journal allows the author(s) to hold the copyright without restrictions. Finally, the journal allows the author(s) to retain publishing rights without restrictions
Authors are allowed to archive their submitted article in an open access repository
Authors are allowed to archive the final published article in an open access repository with an acknowledgment of its initial publication in this journal
