Jurnal Akuntansi dan Keuangan Indonesia
JAKI aims to contribute to the development of knowledge and practice of accounting and finance by publishing theoretical and empirical research papers showcasing Indonesia as well as other emerging and developed markets. Authors are invited to submit articles that address the discourses of accounting and finance from various fields of study, such as financial accounting, public sector accounting, management accounting, Islamic accounting and financial management, auditing, capital market based accounting research, corporate governance, ethics and professionalism, corporate finance, accounting education, behavioral accounting, taxation, banking, information system, sustainability reporting, comprehensive corporate reporting, and climate change-related reporting. The contributed papers may cover the following ranges of subjects but are not limited to: - Discussion and exploration of new theory and knowledge of public, corporate and nonprofit accounting and finance - Empirical investigations providing novel and contributions substantial contributions in the above topical areas of interest - Case studies exploring accounting and finance practices are also welcome
Articles
268 Documents
<![CDATA[DAMPAK STRUKTUR KEPEMILIKAN SAHAM MANAJERIAL PADA RETURNS DAN RISIKO OBLIGASI PERUSAHAAN ]]>
<![CDATA[Setiyono, Setiyono]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 3, No. 1 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[The purpose of research is to analyze an impact of managerial stock ownership structure on corporate bond returns. It is assumed that the change in managerial stock ownerships can influence managers ’attitudes toward risk. So it is hypothesized that the change in managerial stock ownerships can influence corporate bond returns. This study suggested that there is a significant impact of managerial ownership structure on corporate bond returns. In 1998 -1999 time series cross-section of 31 corporate bonds that were listed on Surabaya Stock Exchange, I've found evidence of a significant non-monotonic relationship between managerial stock ownership and corporate bond returns. Bond returns first increase, then decrease, and finally rise slightly as ownership by manager rises. There is also weak evidence of a non-monotonic relationship between managerial stock ownership and firm leverage. This study finds a positive relation between managerial stock ownership and leverage up to 19.9 percent ownership level. When ownership increases more (over 19.9 percent), however, the relationship becomes negative. This empirical evidence indicates that greater managerial ownership gives managers an incentive to decrease risk by using low level of debt.]]>
<![CDATA[TEKANAN PENGARUH SOSIAL DALAM MENJELASKAN HUBUNGAN MORAL REASONING TERHADAP KEPUTUSAN AUDITOR ]]>
<![CDATA[Faisal, Faisal]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 4, No. 1 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[This research examines whether social influence pressure within the accounting firms affect auditor's willingness to sign-off on financial statements that are materially misstated. This paper also examines the effect o f moral reasoning as variable that may impact individual responses to social influence pressures. A sample o f 92 students from Pendidikan Profesi Akuntansi (PPAk) participated in a between-subjects experiment. The results support the hypothesis that obedience and conformity pressures significantly increased auditor 's willingness to sign-off on account balance that was materially misstated. On the other hand, the result shows that moral reasoning does not have effect to auditors ’ decisions under social influence pressure.]]>
<![CDATA[PENGARUH REPUTASI MANAJEMEN PUNCAK DAN DEWAN KOMISARIS TERHADAP PENILAIAN INVESTOR PADA PERUSAHAAN YANG MELAKUKAN IPO ]]>
<![CDATA[Sumiyana, Rias Aini]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 5, No. 2 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[This research empirically examines the influence of reputation of top management and board ofcommissioner (BOC) on firm value. Top management has a primary role as a strategic decision maker in a firm. Its actions and characteristics specifically influence the organization ’s outcomes. The main duty of BOC is to ensure that managerial decisions are consistent with shareholders goals. One indicator of top management and BOC ’s competency and skill is reputation. The purpose of the study is to investigate the influence of reputation of top management and BOC on firm value at the Initial Public Offering (IPO). Its effect is through a largely symbolic role to enhance organizational legitimacy and it provides a signal to potential investors about the firm s prospect. The samples include 59 firms undertaking IPO in the Jakarta Stock Exchange (JSX) during 1999-2006. This study employs three characteristics of reputation: education background, previous experiences and corporate board experiences. This study finds that education background has a positive association with investor valuation. Previous experiences and corporate board experiences do not have significant association with investor valuation.]]>
<![CDATA[PENINGKATAN KOMUNIKASI INFORMASI AKUNTANSI MENGGUNAKAN GAMBAR KARTUN ]]>
<![CDATA[Febrianto, Rahmat]]>;
<![CDATA[Rafdinal, Rafdinal]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 3, No. 1 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[This research is aimed to answer how accounting information users classify accounting information when they are presented in different forms. Specifically, this research investigate whether users can efficiently and effectively classify failed and non-failed corporations. The results show that respondents are most efficient when they classify ac counting Information using Chemoffs schematic faces than any forms o f conven tional accounting information. The effectiveness o f Chemoffs schematic faces is also evidenced when compared to other forms o f accounting information presentation.]]>
<![CDATA[THE IMPACT OF STUDENT PERCEPTIONS AND EXPECTATIONS ON STUDENT’S RESULTS: AN EMPIRICAL STUDY IN TEACHING THE INTRODUCTORY ACCOUNTING COURSE IN THE UNIVERSITY OF INDONESIA ]]>
<![CDATA[Shauki, Elvia R.]]>;
<![CDATA[Setyaningrum, Dyah]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 3, No. 2 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[This study analyses the impact o f student perceptions and expectations in teaching introductory accounting course, lecturer performance index (based on stu dent evaluation teaching score), pre-requisite results, high school origin and status o f the kigh school fo r the final results in taking the Introductory Accounting course taught in the second semester (Pengantar Akuntansi 2 or PA2) differentiated be tween student gender and major o f study. The aim behind this study is to get feed back in order to improve teaching in PA 2. With factor analysis, results indicate that there are five dominant factors that were retained fo r the purpose in determining student results o f PA2 (expectations, topics, preparation, ethical issues and level o f difficulties o f the course). To date, there has not been a study on the impact o f student perceptions and expectations to student ’s final results. Different level ofperception and expectations, results o f PA 1 and lecturer performance index significantly influence the results o f PA2. Male students who expect that the subject will be difficult have less perfor mance rather than those who expect the contrary. Male students who have high expectations that PA2 course will be useful and challenging have greater chance to pass the course successfully.]]>
<![CDATA[INCREMENTAL INFORMATION CONTENT DALAM OPINI AUDIT UNQUALIFIED DENGAN PARAGRAF PENJELASAN ]]>
<![CDATA[Leo, Lianny]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 4, No. 2 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[This study investigates whether there is any different market reaction to unqualified and unqualified with explanatory paragraph audit opinion. The result of empirical univariate and regression test on 291 firm-years, with balanced proportion between the two opinions, shows that there is a significant difference of stock returns between the two audit opinions around opinion announcement. Market appreciates the existence of explanatory paragraph in the unqualified audit opinion with higher excess returns compared to standard unqualified audit opinion. Overall this study shows incremental information content in unqualified with explanatory paragraph audit opinion.]]>
<![CDATA[ANALISIS PENGUNGKAPAN LAPORAN KEUANGAN PERUSAHAAN PEMBIAYAAN ]]>
<![CDATA[Oktaviani, Intan Herlina]]>;
<![CDATA[Martani, Dwi]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 3, No. 2 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[The aims of the research is to provide empirical evidence about financial statement disclosures of multifinance companies and the factors that determines the disclosure level. The multifinance companies are unique industries because there have various product of financing like leasing, installment sales and borrowing. fhe research examines disclosure level of multifinance company that listed in the database Directorate General Financial Institutions, Ministry of Finance. We use financial statement in 2003 and 2004. The research use the regulation of Directorate General Financial Institution number 1500/2005, financial accounting standard for leasing and factoring as a disclosure guideline, because there is no specific standard or Bapepam disclosure guideline for multifinance industry. The results indicate that disclosure level of multifinance company is 78,35% in 2004. There is increasing about 1.21% compare to the disclosure level in 2003. There is significant differentiation of disclosure level between status of company and size of firm but no significant differentiation between size of auditor. The result using linear regression show that disclosure level is influenced by profitability, company status, size of the firm and size of auditor.]]>
<![CDATA[PERBANDINGAN PENGARUH EVA DAN PENGUKURAN KINERJA LAINNYA TERHADAP IMBAL HASIL SAHAM DI INDONESIA ]]>
<![CDATA[Hidayat, Taufik]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 3, No. 1 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[The purpose o f this study is to examine whether Economic Value Added9 (EVA) is more highly associated with stock returns than other conventional accounting- based measures such as Earnings before Extraordinary Items, Cash Flow from Operation, and Residual Income, as claimed by Stern Stewart. Using pooled ordinary least square method or Panel Data on 121 Indonesian- listed companies in Jakarta Stock Exchange over the period 2001-2003, the test emphasizp on two approaches. Relative Information Content describes the association ofeach individual performance measure relatively with stock returns and Incremental Information Content describes the association of each performance measure with stock return individually and simultaneously. The relative information content tests reveal that earnings to be more closely associated with stock returns than EVA®, Cash Flow from Operation, and Residual Income. The incremental information content tests reveal that earnings and Cash Flow from Operation to be more closely associated with stock returns than EVA® and Residual Income. Other tests for components of EVA® reveal only Cash Flow from Operation and Accruals to be significantly associated with stock returns, where Cash Flow from Operation and Accruals are equal with earnings.]]>
<![CDATA[PENGUNGKAPAN NON FINANCIAL MEASURES: PENILAIAN VALUE RELEVANCE BAGI INVESTOR DAN PENGARUHNYA TERHADAP COST OF EQUITY DAN PERFORMANCE BAGI PERUSAHAAN PUBLIK ]]>
<![CDATA[Wondabio, Ludovicus Sensi]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 4, No. 1 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[Research has called for increased demand of non financial measures (NFM) disclosure. This research examines the association between firm characteristics and the extent of NFM disclosure. Furthermore, we investigate the value relevance of NFM disclosure and its effects to cost of equity andfirms performance. The results of this research are: (1) firm strategy (prospector/ defender), regulatory factors, firms ’ age and foreign ownership are significantly positively associated with the level of NFM disclosure (2) NFM disclosure is a good signal for investors, which is relevant for earning persistency valuation. (3) the level of NFM disclosure is significantly negatively associated with cost ofequity (4) the level of NFM disclosure is significantly positively associated with firm performance.]]>
<![CDATA[MANFAAT KANDUNGAN INFORMASI AMORTISASI GOODWILL DALAM LAPORAN KEUANGAN ]]>
<![CDATA[Anindhita, Anggara A.]]>;
<![CDATA[Martani, Dwi]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 3, No. 2 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[Indonesian GAAP No.22 Accounting fo r Business Combinations requires that goodwill arises from acquisition should be amortized over its economic life for 5 years, or can be extended fo r maximum 20 years if there is any proper reason. Meanwhile, Statement o f Financial Accounting Standard (SFAS) No. 142 Good will and Other Intangible Assets and International Financial Reporting Standards (IFRS) No. 3 Business Combinations had changed the requirement o f accounting treatment fo r goodwill. They require that goodwill should not be amortized, but is subject to impairment test periodically. The reasons o f this treatment are that the economic life o f goodwill cannot be reliably estimated and its pattern fo r decrease in value changes overtime. This research is intended to examine the implication o f goodwill amortiza tion on investors ’decisions in all industries in general and in manufacturing indus try in particular, in Indonesia. This is achieved by comparing the ability o f earnings after amortization before extraordinary items, earnings before amortization and extraordinary items, and cash flow from operation in explaining market-adjusted return. The result shows that goodwill amortization only contribute minor impact to the market-adjusted return, which agrees the prior researches conclusions.]]>
