Tag Archives: akuntansi keuangan

Pengaruh Struktur Kepemilikan Terhadap Luas Pengungkapan Tanggung Jawab Sosial (Csr Disclosure) Pada Laporan Tahunan Perusahaan

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Pengaruh Struktur Kepemilikan Terhadap Luas Pengungkapan Tanggung Jawab Sosial (Csr Disclosure) Pada Laporan Tahunan Perusahaan: Studi Empiris Pada Perusahaan Publik Yang Tercatat Di Bursa Efek Indonesia Tahun 2006


Abstract

The purpose of this study is to investigate the foreign ownership and institutional ownership are considered by corporate to disclose social responsibility at annual report 2006. Our samples consist of 107 listed company at Indonesian Stock Exchange at years 2006.

Our results show that foreign ownership is no significant effect to CSR disclosure, and institutional ownership do not have significant effect to CSR disclosure. This indicate both of ownership structure in this study haven’t concern with CSR disclosure to make investment decision.

Keywords: CSR Disclosure, Foreign Ownership, Institutional Ownership

1. Pendahuluan
CSR as an idea makes the company no longer faced with the responsibility that rests on a single bottom line, namely the value of the company (corporate value) which is reflected in its financial condition (financial) only. But the company’s responsibility should be based on the triple bottom lines are also concerned with social and environmental problems (Daniri, 2008). Because the financial condition alone is not enough to guarantee the value of the company grow in a sustainable (sustainable).

Disclosure of environmental performance, social, and economic development in the annual report or separate reports are to reflect the level of accountability, responsibility, and corporate transparency to investors and other stakeholders. Disclosure is intended to establish a good relationship and effective communication between companies and public and other stakeholders about how the company has been integrating Corporate Social Responsibility (CSR): – environmental and social – in every aspect of its operations (Darwin, 2007).

In addition, the company can gain legitimacy by demonstrating social responsibility through CSR disclosure in the media including in the company’s annual report (Oliver, 1991; Haniffa and Coke, 2005; Ani, 2007). The same thing dikemukan by Kiroyan (2006), in Sayed and Wondabio (2007) states that by implementing CSR, companies are expected to gain social legitimacy and maximize long-term financial strength. This indicates that companies that use CSR expects to respond positively by traders.

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Jurnal Simposium Nasional Akuntasi XI (SNA 11)

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Praktek Window Dressing Pada Reksa Dana Saham Di Indonesia Selama Periode 2001-2007

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Praktek Window Dressing Pada Reksa Dana Saham Di Indonesia Selama Periode 2001-2007

PATRICK KAPUGU
Fakultas Ekonomi Universitas Indonesia

Abstract
During maintaining their assets, there is an indication that days surrounding every reporting date, which is the date at each year end, fund manager behaves differently from any other dates. Some researchers and analysts conclude this behavior as what-so-called window dressing, which is a practice to present the report in favor of the investors’ expectation. This study is intended to examine the existence of such behavior in Indonesia. Some of the signals that aid in proving the existence of window dressing are the turn-of-year factor, lagged returns, and fund’s objectives. The result of this study exhibits indications of turn-of-year factor and lagged return inclined to window dressing. This study fails to verify the indications of fund’s objective inclined to window dressing because of the changing objectives during the portfolio management.

Keywords: window dressing, turn-of-year effect, lagged return, fund’s objective

1. PENDAHULUAN
Attempts to make the report appear promising (favorable) for its users is often done by many companies in various industries. This practice can occur because users report only know the state of the object of the report at a specified time not all the time. In Indonesia, it is very common especially supported by the market that has not really efficient. Therefore, mutual funds also report a high chance to be the object of the practice, known as window dressing. In mutual funds, window dressing by fund managers to make a purchase or sale of securities held in a few days before the date of reporting to cover the performance during the period are not reported. In Indonesia, the mutual fund window dressing can occur for a detailed portfolio information can not be obtained each day of trading.

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Jurnal Simposium Nasional Akuntasi XI (SNA 11)
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Pengaruh Praktek Corporate Governance Terhadap Resiko Kredit, Yield Surat Hutang (Obligasi)

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PENGARUH PRAKTEK CORPORATE GOVERNANCE TERHADAP RESIKO KREDIT, YIELD SURAT HUTANG (OBLIGASI)

RINANINGSIH
Universitas Indonesia
ABSTRACT

The purposes of this study are to investigate whether there are a relationship between corporate governance practices and credit risk and bond yields. This study takes sample from the companies that published bonds in 2006.

First we investigate the relationship between corporate governance practices and credit risk. Credit risk (default risk) can be measured by bond ratings (Billings, 1999). Using ordered probit regressions, we find evidence that the quality of transparency and financial information disclosure that proxied by big-4 auditors and audit committee have significant influence on bond ratings, but the relationship between blockholders and institutional ownership is not significant on bond ratings.

Second, we investigate the relationship between corporate governance practice and bond yields. Using multiple regressions, we find that corporate governance practices is not significant on bondyields. Then we put bond ratings in the equation, we find that bond ratings give incremental effect to the evidence. This evidence is consistent to Bradley et.al, 2007, that bond ratings are the prominent determinant for bond yields. Together with the bond ratings, the corporate governance practices (blockholders, institutional ownership, big-4 auditors) have significant influence on bond yields.

Keywords: bond ratings, bond yields, corporate governance, credit risk, default risk

Preliminary
This study aims to examine whether there is any relationship between CG practice in credit risk and yield of debt securities. Although research on corporate governance in Indonesia has been done, researchers motivated to conduct this research because it is still little that links the impact of corporate governance on the quality of credit (debt) and his perceptions of credit risk. Credit risk (default risk) can be measured by bond rating and debt to equity ratio (DER) (Billings, 1999). Credit risk in this study were measured by bond ratings issued by independent rating agencies (Outlook).

Many factors affect a company’s debt ratings. The main determinants of debt ratings is the company’s financial condition, however the practice of corporate governance can also help explain differences in inter-company debt ratings are not captured in the financial condition of each company (Bradley et al, 2007)

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Jurnal Simposium Nasional Akuntasi XI (SNA 11)
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Pengaruh Faktor Kultur Organisasi, Manajemen, Strategik, Keuangan, Dan Auditor Terhadap Kecenderungan Kecurangan Akuntansi

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Pengaruh Faktor Kultur Organisasi, Manajemen, Strategik, Keuangan, Dan Auditor Terhadap Kecenderungan Kecurangan Akuntansi:
Studi Pada Perusahaan Publik Di Indonesia

Rangga Soselisa
Mukhlasin
UNIKA ATMA JAYA – JAKARTA

ABSTRACT
Accounting fraud, where the financial reports are reported not in compliance with the generally accepted accounting principles can undermines the credibility of the financial reporting system. Indeed the effects of accounting fraud can be devastating for investors. The objectives of the research is to explain the effect of organization culture, managerial, strategic, financial ratios , and auditor factors to the tendency of accounting fraud. The research population was 343 companies listed in the Indonesian Stock Exchange (IDX). The research samples were 110 public companies consisting 29 fraud firms and 81 non-fraud firms. Binary logistic regression was used to test the hypothesis. The results showed that number of related party transactions, CEO’s age, current asset composition in total asset, capital turnover, firm size, and auditor’s non-unqualified opinion affected the tendency of accounting fraud significantly. These results advance the understanding of accounting fraud.

Keywords: Accounting Fraud, Organizational Culture, Managerial Factors, Strategic Factors, Financial Ratios, Auditor Factors.

1. PENDAHULUAN
In the United States, accounting fraud has grown extensively. The impact of fraud is very large and has harmed many people. In 2001 occurred the Enron case is expected to incur losses of Enron amounted to U.S. $ 50 billion, plus the loss of investors for U.S. $ 32 billion and thousands of Enron employees losing their retirement funds of about U.S. $ 1 billion. Accounting fraud also occurred in Indonesia as the country with the highest in the world ranking of corruption (Transparency International, 2005). In Indonesia, accounting fraud evidenced by the liquidation of some banks, the presentation of the management of SOEs and the private sector to the courts, banking crimes, tax manipulation, corruption in the commission organizing the elections, and parliaments.

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Jurnal Simposium Nasional Akuntasi XI (SNA 11)
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#download/12650106/paper22.doc.html

Analisis Arus Kas Kegiatan Operasi Dalam Mendeteksi Manipulasi Aktivitas Riil Dan Dampaknya Terhadap Kinerja Pasar

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Analisis Arus Kas Kegiatan Operasi Dalam Mendeteksi Manipulasi Aktivitas Riil Dan Dampaknya Terhadap Kinerja Pasar

ABSTRACT
This research aims at identifying firm’s tendency to execute real activities manipulation through cash flow from operating activities and its impact to market performance. The sample is drawn from firms in the biggest 50 firms with assets above 1 trillion rupiahs for period of 2001 – 2006, which are published in Swa100. The research model used is based on Roychowdhury’s model (2003). Prior to test the hypotheses, the researcher employed regression model to determine normal and abnormal cash flow from operating activities. Then, descriptive statistics, one sample t-test, and two independent samples t-test are used to test the research hypotheses.
The result shows that firms tend to execute real activities manipulation through operating cash flow. Moreover, the impact of real activities manipulation on market performance shows firms that are more likely executing real activities manipulation have higher market performance than their counterparts. After controlling for industrial types of the companies, the result finds that manufacturing firms execute more real activities manipulation than non manufacturing firms.

Keywords: Operating cash flow, real activities manipulation, market performance.

LATAR BELAKANG PENELITIAN
The company as a collection of contracts (nexus of contracts) between the various parties is a contract between company owners and employees relating to wages or compensation, the contract between the company and creditors relating to debt, and tax-related government contracts. In the company there is the owner of the company (principal) and management (agent). Both the principal and agent each have vested interests that could create conflicts of interest (conflict of interest).

The management or managers are required to meet the interests of company owners, but in addition, managers also have personal goals that may be different from the owner. Asymmetry of information (information asymmetry) between the management and owners (shareholders) provide flexibility and opportunity for managers to perform engineering and construction engineering terms as profit or earnings management (earnings management). The objective of earnings management is to avoid losses, compensation, meet profit targets, and analysts forecast (analyst forecast).

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Jurnal Simposium Nasional Akuntasi XI (SNA 11)
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 #download/12650105/paper21.doc.html