Jurnal Akuntansi dan Bisnis
Jurnal Akuntansi dan Bisnis (JAB)is published by Accounting Study Program, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia. Published two times a year, February and August, JAB is a media of communication and reply forum for scientific works especially concerning the field of the business and accounting. Papers presented in JAB are solely that of author. Editorial staff may edit the papers, as long as not change its meaning. JAB has obtained an accreditation from Directorate General of Research and Development Strengthening, Ministry of Research, Technology, and Higher Education of the Republic of Indonesia by SK No. 21/E/KPT/2018.
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344 Documents
<![CDATA[Model Fama dan French sebagai Pembentukan Portfolio Saham di Indonesia ]]>
<![CDATA[Rowland Bismark Fernando Pasaribu]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 1 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i1.85
<![CDATA[This study examines empirically the Fama and French three factor model of stock returns using Indonesian data over the period 2003-2006. Specifically, it examines the behavior of stock prices, in relation to size (market equity, ME) and book-to-market ratio. The major objective of this study is to provide evidence that would contribute to the effort of explaining the 3FM in an emerging market. Our findings reveal a significant relationship between market, size and book-to-market equity factors and expected stock returns in the Indonesian market. The empirical results confirm that even the Fama and French (1993) three factor model holds for the Indonesian Stock Exchange and more robust than CAPM in non-financial stock, in portfolio level still result bad performance.]]>
<![CDATA[The Effect of Earnings Quality to Bond Yields with Credit Risk as Moderating Variable ]]>
<![CDATA[Ratna Candra Sari]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 1 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i1.86
<![CDATA[Statement of Financial Accounting Concepts (SFAC) No. 1 (1978) has specified investors and creditors as the primary users of financial reporting. SFAC No.1 implies that earnings are useful to bondholders, but previous empirical research on the informativeness of earnings has focused on stock market rather than bond market. The objective of this research was to study the effect of earnings quality to bond yields and whether the effect of earnings quality to bond yields at high credit risk is higher than the effect of earnings quality to bond yields at low credit risk. Research has done in three years from 2001 to 2004. This is empirical research conducted on 82 corporate bonds chosen from a purposive sampling. The data obtained from the research are analyzed in a multiple regression analysis with interaction effects. The research finding show that the effect of earnings quality to bond yields was significant and the effect of earnings quality to bond yields at high credit risk is higher than the effect of earnings quality to bond yields at low credit risk. It is consistent with the hypothesis. Earnings quality is important to bondholders although bondholders was fixed claimant. This finding is important given the lack evidence about the usefulness of earnings quality to bondholders.]]>
<![CDATA[Pengaruh Implementasi Sistem Akuntansi, Pengelolaan Keuangan Daerah terhadap Fungsi Pengawasan dan Kinerja Pemerintah Daerah (Survei pada Pemda di Jawa Tengah) ]]>
<![CDATA[Abdul Rohman]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 1 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i1.87
<![CDATA[This research intend to study and to analyze the influence of the implementation of governmental accounting system, the implementation of local financial management toward the internal control function and local government performance. The research’s subject are City, Regency, and Province of Local Government in Central Java. This research is an analytic observation conduvted by using survey and non experimental method. The research is conducted by utilizing sensus which means population treated as a sample. The research unit are 29 regency government, 6 city government, and 1 province government in Central Java. Number of respondents are 684 and returned questioners are 518 (76%). The analysis method which is utilizing in this research is the Path Analysis. Based on the result of hypothesis test using Path Analysis shows the implementation of governmental accounting system and the implementation of local financial management influence internal audit functions. Furthermore, the result of hypothesis test using Path Analysis shows that the implementation of governmental accounting system, the implementation of local financial management and internal control functions influence toward government performance.]]>
<![CDATA[Pengaruh Ukuran Perusahaan, Laba, dan Nilai Buku terhadap Kinerja Saham: Model Regresi Nonlinier ]]>
<![CDATA[Noorina Hartati]]>;
<![CDATA[. Rahmawati]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 1 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i1.88
<![CDATA[The relationship between stock performance, earnings and book value directly addresses the issue of whether accounting data provide value relevant information. The purposes of this research are to know: (1) existence of nonlinierity relationship between earnings and stock performance, (2) existence of nonlinierity relationship between book value and stock performance, (3) existence of influence of firm size to stock performance. This research uses 40 manufacturing firms listed in Indonesia Stock Exchange, which are selected by using purposive sampling. Those selected firms announced their financial statement during 2001 until 2005. The hypothesis is tested by NLS (Nonlinier Least Square) model regression. The result of this research are consistent with previous research which indicate no nonlinierity relationship between earnings and stock performace, no nonlinierity relationship between book value and stock performace (Rahmawati 2005), but there is influence of firm size to stock performance, by together there are nonlinierity relationship between earnings, book value, and stock performance.]]>
<![CDATA[The Effect of Cognitive Style and Sponsorship Bias on The Treatment of Opportunity Costs in Resources Allocation Decisions ]]>
<![CDATA[H Alfian]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 1 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i1.89
<![CDATA[The current research seeks to identify factors that may potentially influence the way managers respond to opportunity costs when relevant data are not explicitly provided. Identification of such factors should enhance our understanding of why some managers respond to opportunity costs in ways that may be inconsistent with normative economic theory. This information could then be used to identify those situations in which structural and procedural precautions are necessary to correct limitations and biases in human information processing and so ensure the correct treatment of opportunity costs. Disability of individual processes of perception dimension of Jungs’ typology on research of Chenhall and Morris (1991) to explain difference of managers’ way to making decision, lead us to research questions are: first, which cognitive style combination have a proclivity to incorporate implicit opportunity costs in their economic analysis? Second, used of two dimensions of cognitive style, will project sponsorship encourage managers to ignore negative economic signals derived from opportunity costs that are nevertheless relevant to the resource allocation decision? A laboratory experiment with 2x4 factorial designs was used to investigating the effect of cognitive style on the managers’ decision of opportunity costs in situation of absence sponsorship or not. The results indicated that intuitive managers tended to incorporate opportunity costs in their decisions whereas sensation individuals appeared to focus more on the directness of the relationship between expenditure and a project to determine the relevance of the cost. Opportunity cost implications tended not to be identified by the sensation group. Evidence was found that sponsorship moderated the influence of cognitive style on decision to include opportunity costs.]]>
<![CDATA[Penginvestigasian Audit Expectation GAP pada Sektor Publik ]]>
<![CDATA[Rusliyawati Rusliyawati]]>;
<![CDATA[Abdul Halim]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 1 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i1.90
<![CDATA[This study aims to investigate the existence of audit expectation gap on public sector empirically. Three variables being tested are reporting, accountability, and auditing concepts that consist of auditor independence, auditor competence, unqualified opinion and performance audit. This research uses samples from 209 respondents that consist of 30 auditors BPK, 62 parliament members, 83 local government employees and 34 citizens of West Kalimantan Province. The data collection utilizes survey method and the analysis method is One-Way ANOVA. This research suggests that there are difference perceived between auditors (BPK) and the user of local government financial statement. This research finds the existence of audit expectation gap in public sector.]]>
<![CDATA[Dampak Persepsi Tanggung Jawab Sosial Perusahaan terhadap Manajemen Perpajakan (Tax Planning) ]]>
<![CDATA[M Khoiru Rusydi]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 1 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i1.91
<![CDATA[Growth of Corporate Social Responsibility (CSR) at this time in Indonesia more onward than before all period, this matter seen to the number of medias printing and electronic publicizing activity of CSR in Indonesia. This awareness is positive for development of Indonesia, although still many oppositions between mandatory and voluntary in implementation of CSR. This Opposition was more effected the difference of corporation perception to CSR itself as well as ethic principles have business, according to research of PIRAC there are 5 ( five perception) corporation to CSR, where each bringing impact at policy of management specially at tax planning encumbering of CSR expense. Corporation running CSR, but the behavior of tax planning of not yet as according to principle of CSR specially ethical principle, will affect at corporation sustainability, for challenging effect of local community surround company, and action effect of tax planning which enter in doing an injustice.]]>
<![CDATA[Pengaruh Informasi Akuntansi terhadap Kinerja Manager dengan Ketidakpastian Lingkungan dan Strategi Bisnis sebagai Variabel Pemoderasi ]]>
<![CDATA[Edy Lukito]]>;
<![CDATA[Yefta Andi Kus Noegroho]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 1 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i1.92
<![CDATA[The study examines the effect of accounting information on managers’ performance, both directly and indirectly (moderated by task enviroment uncertainty and businees strategy).The sample of thi study are 33manufacturing managers of PT Wahana Dinamika Muda (Semarang region) andsome firm listed by BPS Central of Java. We use linear regression to test the directinfluence of accounting information on managers’ performance. Meanwhile, we rely on MRA (Moderated Regression Analysis) statistical method to test the effect of the factors (environtmental uncertainty and business strategy) as moderated variables on the relationship between accounting information and managers’ performance. This research finds that accounting information directly influence managers’ performance. The research however find mixed results on the effect of moderating variables. Environtment uncertainty does not moderate the relationship between anccounting information and managers’s performance while business strategy does.]]>
<![CDATA[Penyajian Kembali Laba oleh Perusahaan Publik di Indonesia ]]>
<![CDATA[Dian Retnoasih]]>;
<![CDATA[. Faisal]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 1 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i1.93
<![CDATA[The objective of this research is to compare the firm characteristics between restate firm and non restate firm, and to evaluate the value relevance earnings restatement toward market value and non market value. A samples of 55 firms that restated earnings among 2003-2005, which is listed in Indonesia Stock Exchange. Sampling method that has been used is purposive sampling. This research use Wilcoxon signed ranks test for hypothesis 1 and ordinary least square for hypothesis 2 and 3. The results show that there is characteristic differences between restate firm and non restate firm in growth, liquidity, profitability and leverage. Restate firms have lower growth, higher liquidity, higher profitability and lower leverage that non restate firm. The result about value relevance is earnings restatement does not influence market value significantly but earnings restatement influences non market value (future earning change) significantly.]]>
<![CDATA[Corporate Governance as Determinants of The Level of Corporate Social Responsibility (CSR) Disclosures in Companies’ Annual Reports ]]>
<![CDATA[Yosefa Sayekti]]>
<![CDATA[ Jurnal Akuntansi dan Bisnis Vol 9, No 2 (2009) ]]>
Publisher : <![CDATA[Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret ]]>
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DOI: 10.20961/jab.v9i2.94
<![CDATA[The purpose of this study is to examine the Corporate Governance as Determinants of the level of Corporate Social Responsibility (CSR) information disclosed in the companies’ annual reports. This study hypothesizes that the number of independent members of board of commissioner, the size of audit committee, the external auditors, the proportion of blockholders have positive effects on the level of CSR disclosures in companies’ annual reports, while leverage factor has negative effect. Three control variables employed in the study which are size, profitability and the age of the company. The sample of the study consist of 96 annual reports 2004 of the companies listed at the Jakarta Stock Exchange. The empirical results of the study indicate that only the proportion of blockholders has statistically positive significant effects on the level of CSR disclosures in the companies annual reports. The empirical evidence of this study do not support the hypotheses stating that the number of independent members of BOC, the size of audit committee, and the external auditors have positive effect on the level of CSR disclosures.]]>
