scholarly journals ANALISIS PERBEDAAN KUALITAS ACCRUAL ANTARA SEBELUM DAN SESUDAH PENGADOPSIAN INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) PADA PERUSAHAAN MANUFAKTUR DI INDONESIA(Studi Empiris pada Perusahaan Manufaktur yang terdapat di Bursa Efek Indonesia Tahun 2009-2014)

2017 ◽  
Vol 2 (1) ◽  
pp. 42-48
Author(s):  
Esti Windarti ◽  
Noer Sasongko ◽  
Zulfikar Zulfikar
Keyword(s):  
Financial Reporting ◽  
Transition Period ◽  
Stock Exchange ◽  
T Test ◽  
Manufacturing Companies ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Paired Sample ◽  
Before And After ◽  
The Difference

The purpose of this study to examine the numbers between the accrual quality difference before and after adopting International Financial Reporting Standards (IFRS). The population in this study are all manufacturing companies listed in Indonesia Stock Exchange 2009-2014. Sampling using purposive sampling selection of samples with specific criteria.Analysis of the data used is by using normality test and analysis methods paired sample t-test. Calculation of accruals quality using the 2 models that Dechow and Dichev Model and Modified Jones Models. From the test results showed that there was a difference in quality between the accrual before and after adopting International Financial Reporting Standard (IFRS) for 2009-2014 by using Dechow and Dichev Model, while contrary to the results of testing using the Modified Jones Model. The difference is due to the result of the absence of a change in accounting rules and the transition period that occurred in Indonesia. Keywords: Quality acrual , International Financial Reporting Standard ( IFRS ), Manufacturing Company , Paired Sample T -test

scholarly journals Determinan yang mempengaruhi kualitas laba pada perusahaan manufaktur di indonesia (analisis sebelum dan sesudah adopsi ifrs)

2015 ◽  
Vol 1 (2) ◽  
Author(s):  
Agus Khazin Fauzi ◽  
Endar Pituringsih ◽  
Biana Adha Inapty
Keyword(s):  
Linear Regression ◽  
Stock Exchange ◽  
T Test ◽  
Accounting Conservatism ◽  
Manufacturing Companies ◽  
Investment Opportunity ◽  
Paired Sample ◽  
Investment Opportunity Set ◽  
Before And After

This research is aimed at examining and analyzing the effect of investment opportunity set (IOS), liquidity, leverage and accounting conservatism on the quality of profit at manufacturing company before and after the adoption of IFRS. This research was classified as associative research. The samples used are 52 manufacturing companies registred at Indonesian Stock Exchange during the period of 2008-2013. The analysis employed multiple linear regression and paired sample t-test. The research showed that IOS variable and liquidity do not significantly affect on the quality of profit before and after the adoption of IFRS. While, leverage variable does not significantly affect the quality of profit before the adoption, but it does significantly after the adoption. Then, accounting conservatism variable had significantly affect on the quality of profit before and after the adoption of IFRS. The paired sample t-test showed that there is difference in quality of profit, liquidity, and accounting conservatism before and after the adoption of IFRS. While this research showed that IOS and leverage are different either before or after the adoption of IFRS.Keywords : quality of profit, investment opportunity set (IOS), liquidity, leverage and acounting conservatism.

scholarly journals Market Reaction to the Adoption of International Financial Reporting Standard in Indonesia

2014 ◽  
Vol 5 (2) ◽  
pp. 466
Author(s):  
Yen Sun ◽  
Evi Steelyana ◽  
Yoyo Cahyadi
Keyword(s):  
Financial Reporting ◽  
Abnormal Return ◽  
Trading Volume ◽  
Market Reaction ◽  
Analysis Tool ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Financial Report ◽  
Before And After ◽  
The Difference

The aim of the study is to analyze the market’s reaction on the adoption of International Financial Reporting Standard (IFRS) in Indonesia. Investor reaction will be perceived by the existence of abnormal return as well as the difference of trading volume. The analysis tool used is One-sample test to assess the existence of abnormal return and Paired Sample T-test to observe the difference trading volume 3 days before and after the announcement of financial report. The sample was constituted by 31 Indonesian companies randomly selected listed on LQ45 and have been impacted by the adoption of IFRS since 2011. The result shows that there is no abnormal return 3 days before and after the announcement of financial report. However, there is abnormal return on the day of announcement. Trading volume shows there is no market reaction to the IFRS adoption 3 days before and after the announcement.

scholarly journals ANALISIS PENGARUH PENGUMUMAN BOND RATING TERHADAP RETURN SAHAM PERUSAHAAN DI BURSA EFEK JAKARTA PERIODE 2012-2014

2017 ◽  
Vol 5 (1) ◽  
Author(s):  
Rinto Noviantoro
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
T Test ◽  
Bond Rating ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Before And After ◽  
The Difference ◽  
The Impact

Rinto Noviantoro: The purpose of this study to examine the impact of the announcement of bond rating on stock returns prior (the announcement of bond rating), stock return on day (bond rating announcement). Data used are daily stock return by Jakarta Stock Exchange (JSE), bond rating announcement by PT. PEFINDO, and firm are listing in Jakarta Stock Ekchange between 2012 to 2014. This research using 29 emitens as the sample bosed on purposive sampling. This data are analyzed with paired sample t-test and Oneway ANOVA.The analysis indicates that : (1) the defference are not significant between stock return an day bond rating announcement with before day bond rating announcement, (2) the difference are not significant between stock return on day bond rating announcement with after day bond rating announcement, (3) the difference are significant between stock return before bond rating announcement with after bond announcement (4) avarage stock return on day, before and after bond rating announcement are not significant differences.Key words: Obligasi, Return Saham

scholarly journals Konvergensi IFRS di Indonesia: Apakah Relevansi Nilai Relatif dan Inkremental Informasi Akuntansi Terdampak?

2018 ◽  
Vol 5 (2) ◽  
pp. 221-234
Author(s):  
Anisah Kusuma Dewi ◽  
Ari Budi Kristanto
Keyword(s):  
Financial Reporting ◽  
Stock Price ◽  
Value Relevance ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Earnings Information ◽  
Incremental Value ◽  
Relative Value

This paper investigates whether the value relevance of earnings information and equity information have changed as the IFRS (International Financial Reporting Standard) convergence taken place in Indonesia. The qualitative characteristic is viewed in the perspective of relative value and incremental value relevance. Theoretically, the earning’s value relevance should increase, and equity lost its value relevance pursuant the IFRS convergence. The financial data of manufacturing companies in Indonesian Stock Exchange during 2008-2016 were sorted purposively based on companies with complete financial statement and stock price data during 8 consecutive years. This study uses regression analysis to test the hypotheses. It was found that earning and equity information contain value relevance. Moreover, there is no evidence to support the hypotheses that IFRS convergence decrease earning’s value relevance and decrease equity’s value relevance.

scholarly journals ANALISIS PERBEDAAN KUALITAS AKUNTANSI DAN TATA KELOLA SEBELUM DAN SETELAH PENERAPAN PSAK KONVERGENSI IFRS

JURNAL PUNDI ◽  
2019 ◽  
Vol 3 (1) ◽  
Author(s):  
Neva - Novianti ◽  
Daniati Puttri - Puttri
Keyword(s):  
Financial Reporting ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Earnings Quality ◽  
Accounting Quality ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Governance Practices ◽  
Before And After ◽  
High Level

The International financial reporting standard (IFRS) is an international financial reporting standard that aims to make financial reports comparable and have a high level of reliability. Indonesia carried out the full implementation of the term 'coverage' in 2012. Thus, it is expected that the accounting quality will be better after the implementation, as well as the governance practices. This study aims to find out empirically, whether there are differences in accounting quality as measured by earnings quality and accounting conservatism and governance before and after the application of PSAK that refers to IFRS. This research uses companies listed on the Indonesia Stock Exchange, especially consumer groups from 2008 to 2015 (2008-2011 before full adoption of IFRS and in 2012-2015 after full adoption of IFRS). There are 18 companies that fit the criteria. The hypothesis test results show that there is no difference in accounting quality based either on earnings quality or conservatism before and after the implementation of IRFS. However, governance shows a difference between before and after the implementation of IFRS.

scholarly journals Analisis Perbedaan Kualitas Akrual dan Persistensi Laba Sebelum dan Sesudah Konvergensi IFRS

2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Atik Tri Andari
Keyword(s):  
Financial Reporting ◽  
Actual State ◽  
Manufacturing Companies ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Accrual Quality ◽  
Purposive Sampling ◽  
Future Earnings ◽  
Before And After ◽  
Earning Quality

AbstractThe quality of profit is the ability of the earnings in reflecting the truth of the company's earnings and helping predict future earnings. Indonesia is one of the G-20 member countries applying International Financial Reporting Standard (IFRS). The existence of IFRS encourages managers to conduct high-quality financial reporting, resulting in high-profit quality as well. There are two measurements of earning quality used in this research that is accrual quality and profit persistence. This study aims to obtain new empirical evidence whether there are differences in accrual quality and profit persistence between before and after convergence IFRS. The population that is used in this research is all manufacturing companies in Indonesia in 2006-2013. The sample in this research is obtained by purposive sampling method. The results show that there are significant differences in accrual quality between before and after IFRS convergence. However, the results of the study also proved that there is no difference in earnings persistence between before and after IFRS convergence. The results of this study provide evidence that after the IFRS convergence of an efficient motive that reflects the actual state of earnings, but not necessarily predicts earnings in the future manufacturing companies in IndonesiaKeywords: Accrual quality; IFRS convergence; Profit persistence. AbstrakKualitas laba merupakan kemampuan laba dalam merefleksikan kebenaran laba perusahaan dan membantu memprediksi laba mendatang. Indonesia merupakan salah satu negara anggota G-20 yang menerapkan International Financial Reporting Standard (IFRS). Adanya IFRS ini mendorong manajer untuk melakukan pelaporan keuangan yang berkualitas tinggi, sehingga menghasilkan kualitas laba yang tinggi pula. Ada dua pengukuran kualitas laba yang digunakan dalam penelitian ini yaitu kualitas akrual dan persistensi laba. Penelitian ini bertujuan untuk memperoleh bukti empiris baru apakah terdapat perbedaan kualitas akrual dan persistensi laba antara sebelum dan sesudah konvergensi IFRS. Populasi yang digunakan dalam penelitian ini adalah seluruh perusahaan manufaktur di Indonesia tahun 2006-2013. Sampel dalam penelitian ini diperoleh dengan metode purposive sampling. Hasil penelitian membuktikan bahwa terdapat perbedaan yang signifikan kualitas akrual antara sebelum dan sesudah konvergensi IFRS. Akan tetapi, hasil penelitian juga membuktikan bahwa tidak terdapat perbedaan persistensi laba antara sebelum dan sesudah konvergensi IFRS. Hasil studi ini memberikan bukti bahwa sesudah konvergensi IFRS adanya motif efficient yang mencerminkan keadaan laba yang sebenarnya, akan tetapi tidak belum tentu memprediksikan laba di masa yang akan datang perusahaan manufaktur di Indonesia.Kata Kunci: IFRS; Konvergensi; Kualitas akrual; Persistensi laba.

Quality and quantity of FTSE-100 segmental information reporting

2019 ◽  
Vol 32 (3) ◽  
pp. 326-343 ◽  
Author(s):  
Ghassan H. Mardini ◽  
Sameh Ammar
Keyword(s):  
Financial Reporting ◽  
Boards Of Directors ◽  
Stock Exchange ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Content Type ◽  
Information Reporting ◽  
Ifrs 8 ◽  
The Uk ◽  
The Impact

Purpose This study aims to explore the impact of international financial reporting standard no. 8 (IFRS 8) on segmental information reporting (SIR) after the post-implementation review (PIR) issued by international accounting standards board (IASB). This impact is examined in relation to quality and quantity as SIR dimensions represent, respectively, the level of reported items and segments. As a complement to this, the chief operating decision maker (CODM) identity is considered to understand the patterns of SIR dimensions. Design/methodology/approach The SIR of the UK financial times stock exchange 100 (FTSE-100) listed companies over the period 2013-2016 is the research’s scope. Several criteria were developed to ensure a representative research sample. A disclosure index approach was used facilitating the use of content analysis for data collection, which pertained to the dimensions of SIR published by the FTSE-100 following IFRS 8 PIR. Findings The IFRS 8 PIR has had several implications shaping the growing trend that is underpinned by the SIR dimensions published by FTSE-100 companies. First, the SIR quantity dimension positively corresponds over 2013-2016, but it still does not meet IASB’s demands. This, secondly, also applies to the quality dimension of SIR to uncover inconsistency with the existing knowledge being held regarding the introduction of IFRS 8. More specifically, the response of the FTSE-100 to mandatory and voluntary items seems to be in transition of substitution. Third, CODM’s identity was an insightful dimension in rationalising the understanding through the aforementioned dimensions. It is undertaken by boards of directors or executive committees and the case of the latter is associated with more disclose in relation to the CODM’s identity. Practical implications These findings reveal implications to: academics undertaking further research about IFRS 8 PIR to challenge or endorse this conclusion, using similar or alternative approaches; the stakeholders’ decision-making process; and policymakers to re-think the structure of mandatory and voluntary items. Originality/value This paper provides empirical evidence on the quality and quantity of SIR published by FTSE-100 companies following IFRS 8 PIR.

scholarly journals The impact of the IFRS 15 implementation on the revenue based earnings management in Poland

2021 ◽  
Vol 43 ◽  
pp. 387-403
Author(s):  
Izabela Morawska ◽  
Keyword(s):  
Earnings Management ◽  
Financial Reporting ◽  
Stock Exchange ◽  
Empirical Studies ◽  
Jel Classification ◽  
Revenue Recognition ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Warsaw Stock Exchange ◽  
The Impact

Aim/purpose – This paper aims at investigating whether the International Financial Reporting Standard (IFRS) 15 Revenue from Contracts with Customers implementation in Poland has affected earnings management that uses discretion in revenue recognition to avoid losses and earnings decreases. Design/methodology/approach – The empirical studies were conducted using a sample of 80 entities from four industries listed on the Warsaw Stock Exchange (WSE) in Poland from 2016 to 2019. Caylor’s (2010) revenue-based model was applied, and an econometric model describing the studied relation was built and verified to this end. Findings – The analyzed entities managed earnings using discretion in accrued revenue recognition to avoid reporting losses. The research results did not confirm that the IFRS 15 adoption in Poland influenced revenue-based earnings management aimed at avoiding losses and earnings decreases. Research implications/limitations – This study warns of the role played by discretion in revenue recognition and recommends careful recognition of revenue under IFRS 15. Limitations of this study are generally related to the models’ specification and a relatively small number of the entities studied. Originality/value/contribution – This study contributes to the literature on revenue- -based earnings management and is one of the first studies on the association between IFRS 15 adoption and revenue-based earnings management in Poland. Thus, this study bridges the research gap in Poland. Keywords: IFRS 15, earnings management, revenue recognition, earnings benchmarks. JEL Classification: M40, M41, M48.

scholarly journals PENGUJIAN JANUARY EFFECT : STUDI KOMPARASI PADA BURSA EFEK INDONESIA DAN BURSA SAHAM SHANGHAI PERIODE 2011-2013

2017 ◽  
Vol 6 (1) ◽  
Author(s):  
Latanza Hanum Kartikasari
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
Stock Exchange ◽  
T Test ◽  
January Effect ◽  
Volume Activity ◽  
Paired Sample ◽  
The Difference ◽  
One Way Anova

The January Effect occurred as a result companies that have a strategy to improve it is financial statements. The company will sell stocks that have low values at the end of the year and sell shares favorable to attract investment back at the beginning of next year. January Effect the anomaly that serves low stock Return occurred in December and the highest Return ing January. The purpose of this research was to examine whether there is a phenomenon January Effect on Effect Indonesia Stock Exchange and Shanghai Stock Exchange in Period 2011-2013The variables used in this study are the Return, Abnormal Return and trading volume activity. This research was conducted at the company that is static between years 2011-2013 were in a group LQ45 and SSE50 samples that meet the criteria. The model used is the determination of the sample with purposive sampling method. The tools used are Test One-Way ANOVA and Paired Sample (t-test). The results of analysis showed that look Abnormal Return  stock and Return  there is a difference between January to January in addition to the Indonesia Stock Exchange and Shanghai Stock Exchange by using One-Way ANOVA, while the Paired Sample (t-test) on the Shanghai Stock Exchange there the difference between January to be for January. And for testing of trading volume activity, The January Effect does not occurred in the Indonesia Stock Exchange and Shanghai Stock Exchange.

scholarly journals Analisis Sell in May and Go Away di Bursa Efek Indonesia dan Malaysia Periode 2017-2019

2021 ◽  
Vol 9 (1) ◽  
pp. 311
Author(s):  
Laila Marta Zarika ◽  
R.A. Sista Paramita
Keyword(s):  
Hypothesis Testing ◽  
Stock Price ◽  
Abnormal Return ◽  
Stock Exchange ◽  
T Test ◽  
The Other ◽  
Price Movement ◽  
Paired Sample ◽  
Price Data ◽  
The Difference

In May and Go Away (SMGA), Sell is a type of seasonal Anomaly, which historically originated in Europe and America that between May-October returns lower than the other periods from November to April. This research aims to determine the difference in abnormal return in the May-October (Worst period) period and November-April (Best period) in Indonesia and Malaysia Stock Exchange between 2017 to 2019. This test conducted using the company's stock price data samples listed on the LQ45 index in the Indonesia Stock Exchange and the FBMKLCI index in the Malaysia Stock Exchange period 2017 to 2019. Hypothesis testing using paired sample t-test to answer if there is a difference in return between the best period and the worst period, to prove the Sell's existence in May and Go Away. The results showed no difference returns between the best and worst periods in the Sell in May and Go Away phenomenon at the Indonesia and Malaysia Stock Exchange period 2017 to 2019. The Investor considers SMGA as not a phenomenon containing excellent or bad information that is capable of affecting the price movement of shares so that SMGA as a strategy to buy stocks in the best period and sell in the worst period is no longer relevant

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