The purpose of this study is to examine the reaction of stock prices on the implementation of Extensible Business Reporting Language (XBRL) in companies listed on the Indonesia Stock Exchange (IDX). ...Using the event study method and calculating abnormal returns of the 2015 financial statements of 462 companies listed on the IDX, findings showed that 49 companies have not applied the XBRL format in their financial statements. Based on the results of the Average Abnormal Return (AAR) and Cumulative Average Abnormal Return (CAAR) values, using the one-sample test, investors react to shares in companies that have not implemented XBRL and who have implemented XBRL; however, based on the independent t-test based on average values there are differences between companies that have not applied XBRL and those who have implemented XBRL. This research only looks at the one-year implementation of XBRL in financial reporting (2015), then the research does not separate which companies are on time in the delivery of financial statements to the public through the IDX website. Our research contributes to the understanding of the use of XBRL in corporate financial reporting because before the XBRL financial reporting format was published, the company had published a financial statement format based on the legal provisions of financial statements in Indonesia. KCI Citation Count: 0
The purpose of this study is to examine the reaction of stock prices on the implementation of Extensible Business Reporting Language (XBRL) in companies listed on the Indonesia Stock Exchange (IDX). ...Using the event study method and calculating abnormal returns of the 2015 financial statements of 462 companies listed on the IDX, findings showed that 49 companies have not applied the XBRL format in their financial statements. Based on the results of the Average Abnormal Return (AAR) and Cumulative Average Abnormal Return (CAAR) values, using the one-sample test, investors react to shares in companies that have not implemented XBRL and who have implemented XBRL; however, based on the independent t-test based on average values there are differences between companies that have not applied XBRL and those who have implemented XBRL. This research only looks at the one-year implementation of XBRL in financial reporting (2015), then the research does not separate which companies are on time in the delivery of financial statements to the public through the IDX website. Our research contributes to the understanding of the use of XBRL in corporate financial reporting because before the XBRL financial reporting format was published, the company had published a financial statement format based on the legal provisions of financial statements in Indonesia.
Introduction: Peningkatan pengenalan dan pemanfaatan intellectual capital akan membantu meningkatkan kinerja keuangan perusahaan sehingga kepercayaan stakeholder terhadap going concern turut ...meningkat yang dapat mempengaruhi return saham perusahaan. Methods: Populasi yang digunakan dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2011–2013 sebanyak 131 perusahaan. Teknik pengambilan sampel pada penelitian ini menggunakan random sampling/probability sampling yaitu cara pengambilan sampel yang memberikan kesempatan yang sama kepada setiap elemen populasi untuk dijadikan sampel, dengan cara mencari ringkasan laporan keuangan setiap perusahaan manufaktur dan harga saham aktif di perdagangkan di Bursa Efek Indonesia mulai tahun 2010 hingga 2013, sehingga jumlah sampel yang diambil berdasarkan teknik sampling tersebut sebanyak 50 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia.Results: . Dari hasil pengujian menunjukkan bahwa Capital Employed Efficiency (CEE) berpengaruh positif signifikan terhadap return saham perusahaan manufaktur di Bursa Efek Indonesia. Human Capital Efficiency (HCE) berpengaruh positif signifikan terhadap return saham perusahaan manufaktur di Bursa Efek Indonesia. Structural Capital Efficiency (SCE) berpengaruh positif tidak signifikan terhadap return saham perusahaan manufaktur di Bursa Efek Indonesia.Conclusion and suggestion: Bagi pihak perusahaan, hasil penelitianini diharapkan dapat digunakan sebagai informasi tambahan dalam pengelolaan modal intelektual perusahaan khususnya Structural Capital Efficiency (SCE) karena variabel ini tidak terbukti dapat meningkatkan return saham.
Introduction: This study to help the company evaluate the implementation strategies its is intended to design performance measurement using balanced scorecard in a light brick manufacturing ...company.Methods: This study uses uses qualitative in collecting data methods for designing Balanced ScorecardResults: The results showed that the company had a vision, mission, and strategy in making light bricks but it had not yet been translated into action. In the financial perspective the company driven by strategic goals in the form of increased revenue and cost efficiency. On the perspective of its target customers is the improvement of product quality and customer service as well as the reputation and image of the company. On the internal perspective is production planning, partnerships with suppliers, market and customer service capacity. The learning and growth perspective on implementation of corporate values, development of human resources, and development of an integrated information system is its target.Conclusion and suggestion: Balanced scorecard design is expected to assist companies in implementing it properly.
Introduction: This study aims to analyze investors' reactions to economic value added (EVA). Methods: This research uses quantitative methods. The research data was obtained from the Indonesia Stock ...Exchange and the annual financial reports of sample companies in the 2009-2012 period. Manufacturing companies are used in this study with a sample company of 34 companies. Results: The results of the study concluded that there was significant investor reaction around the date of the announcement of financial statements on companies that had positive economic value added (EVA) and significantly there were investors' reactions around the date of the announcement of financial statements on companies with negative economic value added (EVA). Conclusion and suggestion: Further researchers are expected to add other industrial sectors that can apply the EVA concept, and real data in determining the cost of debt (COD)
Introduction: The purpose of this study is to empirically examine any effect of short-term debt structure, credit ratings, and capital structure on the audit fee. The sample used in this study are ...the companies listed in the PT Pemeringkat Efek Indonesia (Pefindo) and the Indonesia Stock Exchange. Methods: Data were analyzed using linear regression.The independent variables in this study are the proportion of short-term debt, credit ratings, and capital structure. Dependent variable is audit fee. This research uses the control variables representing firm size, its complexity, and risk. Number of assets and current assets to total assets ratio represent the size of the company. Number of business segments and the proportion of export sales to total sales represent the complexity of the company. Risk represented by the ratio of short-term liabilities to total assets, short-term liabilities to total assets ratio, quick ratio, and return on assets. Results: Hypothesis testing shows that the proportion of short-term debt does not significantly influence audit fee. Ratings have a negative impact on the audit fees of listed companies in Indonesia's credit rating. Capital structure does not significantly influence audit fee. Conclusion and suggestion: This study has limitations that are audit fee is measured by the natural logarithm of the nominal value of professional fees expense presented in the financial statements of the company and there is a possibility of mediating variables such as risk governance and audit, in examining impact of the proportion of debt and capital structure on audit fee.
Introduction: This study aims to determine the effect of insider ownership, audit committees, leverage, firm size, the number of independent commissioner on the performance of manufacturing firms in ...the Indonesian stock exchange. Methods: The type of data used in this research is quantitative data. This study uses a tool to answer the hypothesis in the form of multiple linear regression. The number of samples taken by the sampling technique as many as 50 companies listed in Indonesia Stock Exchange. Results: From the test results indicate that there is insider ownership, audit committees, leverage significant positive effect on the performance of manufacturing companies in Indonesia Stock Exchange. firm size and the number of independent commissioners no significant positive effect on the performance of manufacturing companies in Indonesia Stock Exchange. Conclusion and suggestion: The implication of these findings is that insider ownership, audit committees, and leverage it will be able to produce a good performance. Although firm size and the number of independent commissioners has no effect, but still must be considered, because if the firm size and the number of independent commissioners are not in accordance with the provisions of SFAS may result in the presence of certain interests that are not in accordance with the company's goals.
This study is to design strategy maps and Key Performance Indicator (KPI) within the concept of balanced scorecard in RSUD dr. Soedono Madiun. This study is expected to provide input to RSUD dr. ...Soedono Madiun in designing balanced scorecard, strategy maps, and KPI. The result of this study,showed the customer perspective of RSUD dr. Soedono Madiun comprises the increase of customer satisfaction, and number of patients. Internal business perspective comprises the enhancement of service and administrative quality. Learning and growth perspective comprises the improvement of power capability, facility, and employee benefits. The financial perspective comprises the enhancement of self-reliance, inc, and improvement of operational cost management of the hospital
This study examines the association of accounting conservatism, growth and macro-economic risk factors and valuation error of residual income model in Indonesian Stock Exchange. We use beta, book to ...market ratio, and size as proxies for macro-economic risk. Using sample of 186 companies taken from LQ-45 for the year of 2001 – 2005, we find that accounting conservatism and growth, have no significant influence toward residual income model valuation error. B/M has significant influence toward valuation error and has consistent sign as predicted by theory. Beta and Size has no significant influence toward valuation error. Overall, macro-economic risk factors can explain the valuation error better than accounting-based factors.Future research is expected to find accounting variables that can represent macro-economic risk and test their ability to explain valuation error. Also, future research need to confirm the relevance of accounting conservatism in stock valuation after implementation of IFRS in Indonesia.
This study aims to explain the importance of education to examine and analyze dividend policy as a variable on the effect of expropriation, several large shareholders, and firm value. The type of ...research used is quantitative explanatory using secondary data, namely 2015 to 2020 annual reports taken from the official website of the Indonesia Stock Exchange (IDX), Indonesian Capital Market Exchange (ICMD), and the website www.investing.com. The sampling method in this study was purposive sampling so that a sample of 3,328 data was obtained. The data analysis method used in this study uses the unbalanced data panel and path analysis method with the Eviews software program. The study's results prove that dividend policy does not mediate between expropriation and firm value but instead becomes a variable that mediates several large shareholders with firm value. This means related party transactions as proxies cannot be used as a benchmark in assessing a company.
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