DETERMINAN KUALITAS PELAPORAN KEUANGAN DAN KONSEKUENSI EKONOMINYA DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL INTERVENING

Riyanto Setiawan Suharsono, Achmad Syahfrudin Zulkarnnaeni, Ayu Widia Lestari, Pratiwi Dwi Libriana

Abstract


This study aims to examine the determinants of financial reporting quality and its economic consequences with Good Corporate Governance (GCG) as an intervening variable. This research is a quantitative study that analyzes the relationship between determinants of financial reporting quality and its economic consequences with GCG as an intervening variable. The sample in this research is 108 manufacturing companies listed on the Indonesia Stock Exchange from 2017 to 2021. The sampling technique uses a purposive sampling technique. The data analysis technique used in this study is path analysis. The results of the study show that there is a direct influence of the Determinant Factors and GCG on the quality of financial reporting. The results also show that there is a direct effect of GCG on information asymmetry. The results also show that there is an indirect influence of the Determinant Factor on the quality of financial reporting through information asymmetry. The indirect effect of GCG on the quality of financial reporting through information asymmetry was not found in this study.

Keywords


Financial reporting quality, Economic consequences, Good Corporate Governance

References


Abdul Jalil, A., Carey, P., & Tanewski, G. (2015). Financial reporting quality and voluntary disclosures in private companies. Accounting and Finance Association of Australi and New Zealand 2016, 1–43.

Abu-Risheh, K. E., & Al-Sa’eed, M. A. (2012). The impact of good corporate governance practices on financial reporting quality: Empirical evidence from Jordanian listed companies. Corporate Ownership and Control, 10(1 G,CONT6), 620–628. https://doi.org/10.22495/cocv9i4c1art4

Ahad Pour, O. (2017). International Journal of Economics and Financial Issues The Relationship between Level of Voluntary Disclosure in Internet and Information Asymmetry in Companies Listed on the Tehran Stock Exchange. International Journal of Economics and Financial Issues, 7(3), 299–303.

Ahmed, A. S., & Duellman, S. (2011). Evidence on the role of accounting conservatism in monitoring managers’ investment decisions. Accounting and Finance, 51(3), 609–633. https://doi.org/10.1111/j.1467-629X.2010.00369.x

Ajina, A., Sougne, D., & Lakhal, F. (2015). Corporate disclosures, information asymmetry and stock-market liquidity in France. Journal of Applied Business Research, 31(4), 1223–1238. https://doi.org/10.19030/jabr.v31i4.9297

Alves, H. S., Canadas, N., & Rodrigues, A. M. (2015). Voluntary disclosure, information asymmetry and the perception of governance quality: An analysis using a structural equation model. Tékhne, 13(1), 66–79. https://doi.org/10.1016/j.tekhne.2015.10.001

Ascioglu, A., Hegde, S. P., & McDermott, J. B. (2008). Information asymmetry and investment-cash flow sensitivity. Journal of Banking and Finance, 32(6), 1036–1048. https://doi.org/10.1016/j.jbankfin.2007.09.018

Billett, M. T., & Yu, M. (2016). Asymmetric Information, Financial Reporting, and Open-Market Share Repurchases. Journal of Financial and Quantitative Analysis, 51(4), 1165–1192. https://doi.org/10.1017/S0022109016000612

Cahyono, D. (2020). Kapasitas Sumber Daya Manusia, Pemanfaatan Teknologi Informasi Dan Pengendalian Intern Terhadap Nilai Informasi Pelaporan Keuangan. International Journal OF Social Science AND Business, 4(1), 116–122.

Cai, J., Liu, Y., Qian, Y., & Yu, M. (2015). Information Asymmetry and Corporate Governance. Quarterly Journal of Finance, 5(3). https://doi.org/10.1142/S2010139215500147

Chong, V. K., & Eggleton, I. R. C. (2007). The impact of reliance on incentive-based compensation schemes, information asymmetry and organisational commitment on managerial performance. Management Accounting Research, 18(3), 312–342. https://doi.org/10.1016/j.mar.2007.04.002

Cohen, D. A. (2003). Quality of Financial Reporting Choice : Determinants and Economic Consequences Quality of Financial Reporting Choice : Determinants and Economic Consequences. London Business School Accounting Symposium.

Cormier, D., Ledoux, M. J., Magnan, M., & Aerts, W. (2010). Corporate governance and information asymmetry between managers and investors. Corporate Governance, 10(5), 574–589. https://doi.org/10.1108/14720701011085553

Cristina, G. G. (2009). Financial reporting quality and corporate governance: the Portuguese companies evidence. In Proceedings of the 32nd Annual Congress European Accounting Association., 53(9), 1689–1699.

Dechow, P. M., & Dichev, I. D. (2002). The quality of accruals and earnings: The role of accrual estimation errors. Accounting Review, 77(SUPPL.), 35–59. https://doi.org/10.2308/accr.2002.77.s-1.35

Dura, J., & Suharsono, R. S. (n.d.). Application Green Accounting To Sustainable Development Improve Financial Performance Study In Green Industry. XXVI(02), 192–212.

Dwi ORBANINGSIH, Dyah SAWITRI, R. S. S. (2021). Determinants of Corporate Social Responsibility Disclosure: A Case Study of Banking Industry in Indonesia. Journal of Asian Finance, Economics and Business, Vol 8(No 5), 0091–0097. https://doi.org/10.13106/jafeb.2021.vol8.no5.0091

Farmer, A., & Pecorino, P. (2013). Discovery and disclosure with asymmetric information and endogenous expenditure at trial. Journal of Legal Studies, 42(1), 223–247. https://doi.org/10.1086/667932

Fathiah, K. S., Martini, N. N. P., Sanosra, A., & Qomariah, N. (2021). The Impact of Competence and Work Environment on Employee Motivation and Performance in The Financial and Asset Management Division. Calitatea, 22(185), 52–63.

JABALLAH, E., YOUSFI, W., & ZARAI, M. A. (2014). Quality of financial reports: Evidence from the Tunisian firms. Journal of Business Management and Economics, 5(2)(2), 030–038.

Jeanjean, T., Stolowy, H., & Erkens, M. (2012). The Economic Consequences of Increasing the International Visibility of Financial Reports. In SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1935508

Klai, N., & Omri, A. (2010). Corporate Governance and Financial Reporting Quality: The Case of The Tunisian Firms. International Business Research, 4(1), 69–77. https://doi.org/10.5539/ibr.v4n1p158

Kribat, M., Burton, B., & Crawford, L. (2013). Evidence on the nature, extent and determinants of disclosures in Libyan banks’ annual reports. Journal of Accounting in Emerging Economies, 3(2), 88–114. https://doi.org/10.1108/20421161311288839

Luis, F., & Moncayo, G. (2004). Restatements of Quarterly Earnings : Evidence on Earnings Quality and Market Reactions to the Originally Reported Earnings. 1–47.

Mahboub, R. (2017). Main determinants of financial reporting quality in the Lebanese banking sector. European Research Studies Journal, 20(4), 706–726. https://doi.org/10.35808/ersj/922

Martínez-Ferrero, J. (2014). Consequences of financial reporting quality on corporate performance: Evidence at the international level. Estudios de Economía, 41(1), 49–88. https://doi.org/10.4067/s0718-52862014000100002

Ndungo, M. W. (2014). Effects of Corporate Governance on Information Asymmetry Between Managers and Investors in Firms Listed At the Nairobi Securities Exchange a Research Project Report Submitted in Partial Fulfillment of the Requirement for the Award of the Degree of Master . October.

Nuha, G. A., Yuliarti, N. C., & Nartati, Y. (2022). Management of Productive Zakat, Infaq, Shadaqah Funds Through Linkage Program In Covid-19 Pandemic Era. IQTISHODUNA: Jurnal Ekonomi Islam, 11(2), 267–276.

Pavlopoulos, A., Magnis, C., & Iatridis, G. E. (2019). Integrated reporting: An accounting disclosure tool for high quality financial reporting. In Research in International Business and Finance (Vol. 49, pp. 13–40). https://doi.org/10.1016/j.ribaf.2019.02.007

Petersen, C., & Plenborg, T. (2006). Voluntary disclosure and information asymmetry in Denmark. Journal of International Accounting, Auditing and Taxation, 15(2), 127–149. https://doi.org/10.1016/j.intaccaudtax.2006.08.004

Probowulan, D. (2022). The Sustainability of Pervasive Learning in Accounting Education: Strategy in the Transition of “Merdeka Belajar-Kampus Merdeka.” Jurnal Akuntansi Dan Keuangan, 24(1), 24–33.

Roziq, A., Yulinartati, Y., & Yuliarti, N. C. (2022). Model of Productive Islamic Social Fund Management for Poor Empowerment. International Journal of Professional Business Review: Int. J. Prof. Bus. Rev., 7(5), 4.

Shroff, N. (2015). Real Effects of Financial Reporting Quality and Credibility: Evidence from the PCAOB Regulatory Regime. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2667969

St John, J., & St John, J. (2013). Academic Expertise on Corporate Boards and Financial Reporting Quality. Proceedings of ASBBS, 20(1), 48.

Suharsono, R. S., Nirwanto, N., & Zuhroh, D. (2020). Voluntary Disclosure, Financial Reporting Qualityand Asymmetry Information. Journal of Asian Finance, Economics and Business, 7(12), 1185–1194. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.1185

Suharsono, R. S., & Sari, R. P. (2019). Pengaruh Promosi Media Online terhadap Keputusan Pembelian Produk Hijab. JAMIN : Jurnal Aplikasi Manajemen Dan Inovasi Bisnis, 1(2), 41. https://doi.org/10.47201/jamin.v1i2.28

Susbiyani, A., Halim, M., & Animah, A. (2023). Determinants of Islamic social reporting disclosure and its effect on firm’s value. Journal of Islamic Accounting and Business Research, 14(3), 416–435.

Wittenberg-Moerman, R. (2008a). The role of information asymmetry and financial reporting quality in debt trading: Evidence from the secondary loan market. Journal of Accounting and Economics, 46(2–3), 240–260. https://doi.org/10.1016/j.jacceco.2008.08.001

Wittenberg-Moerman, R. (2008b). The role of information asymmetry and financial reporting quality in debt trading. Journal of Accounting and Economics, 46, 240–260.

Zeff, S. A. (1978). the Rise of. December.




DOI: https://doi.org/10.32528/jiai.v8i2.22141

Refbacks

  • There are currently no refbacks.


Copyright (c) 2023 JIAI (Jurnal Ilmiah Akuntansi Indonesia)

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

View My Stats
slot gacor slot gacor hari ini slot gacor 2025 demo slot pg slot gacor slot gacor