Anteseden dan Konsekuensi Burnout pada Auditor: Pengembangan terhadap Role Stress Model

EKA MURTIASRI
POLITEKNIK NEGERI SEMARANG

PROF. DR. H. IMAM GHOZALI, M.COM, AKT
UNIVERSITAS DIPONEGORO

ABSTRACT

The objective of this study is to develop burnout construct in accounting occupation by showing that burnout is a key mediator for role stressors (role conflict, role ambiguity and role overload) on critical job outcomes (job satisfaction, turnover intention and job performance). Burnout is a well known phenomenon in pschycology, characterized by three interrelated symptoms of emotional exhaustion, reduced personal accomplishment and depersonalization. This research is conducted to examine the direct and indirect effect of role stressor on behavioral job outcomes. The hyphoteses are tested using Structural Equation Model (SEM) by Lisrel 8,54. Structural equation model is a mutivariate analysis technique that is possible to test both measurement model and structural model to get all description about complexitas model. Applying convenience sampling method, this study has collected 166 auditors from 46 audit firms in Indonesia. This study reveals two result. First, burnout condition will appear because the presence of role stressor and moreever will affect to behavioral job outcomes (except turnover intention). Second, burnout condition become a mediator on the relation between role overload and behavioral job outcomes but neither for role conflict and role ambiguity.

Keyword: burnout, role stressor, job outcomes and Structural Equation Model


Pengaruh Pengalaman Auditor terhadap Penggunaan Bukti Tidak Relevan dalam Auditor Judgment

YUDHI HERLIANSYAH SE.,Ak.,MSi
FAKULTAS EKONOMI
UNIV. MERCU BUANA JAKARTA
MEIFIDA ILYAS, SE, MSi
INIV. SATYA NEGARA INDONESIA

ABSTRACT

Auditors encounter both relevant and irrelevant information during the performance of audit tasks. Prior studies have shown that the presence of irrelevance information weakens the impact of relevant information on audit judgments. Such studies, however, have not considered whether experience moderates the diluting effect of irrelevant information on auditor’s judgment this study reports the results of an experiment in which the effect of irrelevant information on the going concern judgments of less-experienced auditors is compared to the effect of irrelevant information on the going concern judgments of more-experienced auditors. This experiment involved 56 less-experienced auditors and 31 more-experienced auditors. The experiment reaffirm that irrelevant information does have a diluting effect on the judgments of less-experienced auditors but provides new evidence that irrelevant information does not have a diluting effect on judgments of more-experienced auditors.

Keywords : Experience, Dilution Effect, Irrelevant, Relevant


Pengaruh Interaksi Gender, Kompleksitas Tugas dan Pengalaman Auditor terhadap Audit Judment (Sebuah Kajian Eksperimental dalam Audit Saldo Akun Persediaan)

DRA. ZULAIKHA, MSI
JURUSAN AKUNTANSI FAKULTAS EKONOMI
UNIVERSITAS DIPONEGORO

Abstract

This study examines the gender issues in Indonesian society whether there are differences between women and men in domsetic roles; with relation to gender issues whether males perform better than female in complexity audit tasks; and the effects of gender, task complexity, and experience on the accuracy of audit judgments. This study used experimental design method to collect data to test the hypothesis. There were 75 participants from alumni graduated major in accounting who are studying in the post graduate programs. Data were analyzed by descriptive statistics, t-test, and ancova. Participants were required to judge gender issues, and an inventory balance was fairly presented base on case material that contained a material misstatement in the inventory account balance. The results support the gender issues, and the effect of gender and experience interaction on the accuracy of audit judgment. In other hand, the effects of gender and task complexity interaction are not supported and there is no difference between male and females in performing audit judgment in complexity audit tasks.

Key words : gender, complexity task, experience, judgment


Sifat Machiavellian dan Pertimbangan Etis: Anteseden Independensi dan Perilaku Etis Auditor

St. Vena Purnamasari, SE.,MSi
UNIKA Soegijapranata Semarang

Abstract

This research is designed to gain an understanding of how auditor’s respond to realistic ethical dilemmas. Machiavellianism and Cognitive Moral Development theory are the basic theories in this study. The purpose of this study is to investigates: (1) the association Machiavellianism and ethical reasoning with auditor’s independence judgment and ethical behavior and (2) the relationship between auditor’s independence judgment and ethical behavior. Literature suggests that individual with high Machiavellian levels and lower ethical reasoning levels are more likely less independence and more likely agree with unethical behavior. Literature also suggests independence is the first subject addressed in the rules of conduct. Independence in auditing means taking an unbiased viewpoint in the performance of audit test, the evaluation of the results, and the issuance of audit report. Several hypothesis are developed to investigate: first the relationship between Machiavellianism and auditor’s independence judgment. Second, the relationship between Machiavellianism and ethical behavior. Third, relationship between ethical reasoning and auditor’s independence judgment. Fourth, the relationship between ethical reasoning and ethical behavior and the last is the relationship between auditor’s independence judgment and ethical behavior. A total of 140 auditors are used to examine the hypotheses. Data was collected by mail survey and tested by path analysis. Results indicate that individual with high Machiavellian levels is more likely to less independence and more likely to agree with unethical behavior.

Key words: Machiavellianism, Ethical Reasoning, Independence, Ethical Behavior and Cognitive Moral Development Theory


Pengaruh Problem-Based Learning (PBL) pada Pengetahuan tentang Kekeliruan dan Kecurangan (Errors and Irregularities)

Riki Ferdian
Alumni Fakultas Ekonomi Universitas Gadjah Mada
Ainun Na’im
Universitas Gadjah Mada

Abstracts

This study examines the effects of Problem-Based-Learning (PBL) approach in auditing course teaching on the students’ knowledge about errors and irregularities. PBL is an approach in teaching that focuses on identification, analysis, and intergroup discussion of problems. In PBL auditing course teaching, instead of focusing on lecturing, professors stimulate students to identify, to discuss and to analyze problems in auditing. We predict that PBL is more effective than traditional teaching approach in auditing course that focuses on lecturing. Of course other (out of class) activities such as exercises and case analysis still be used and parts of the whole learning process. Using an experiment involving subjects of 57 students, we find that the difference between PBL and Conventional approach is not significant. There are two reasons for this unexpected finding. First, we may fail to have a group of subjects who have PBL approach and the other group of subjects who have Conventional approach. Second, the instruments may not be able to provide durable measures to differentiate the knowledge of the subjects in errors and irregularities. Thus, this research may be extended by improving those weaknesses. This research provides contribution on the development of the theories and approaches in teaching and in auditing.

Keywords: Problem-Based Learning (PBL) method, recall of errors and irregularities, accuracy of errors and irregularities

Hubungan antara Risiko Manipulasi Earnings dan Risiko Corporate Governance dengan Perencanaan Audit (Studi Empiris pada Auditor Se-Jawa)

Nurna Aziza
Universitas Bengkulu
H. Mohamad Nasir
Universitas Diponegoro Semarang
Daljono
Universitas Diponegoro Semarang

ABSTRACT
The purposes of this study are to examine the relationship of earnings manipulation risk and corporate governance risk with auditors’ planning. These topics are rarely examined. The results of this research contribute for theory development, particularly for auditing and behavioral accounting; for auditor when make planning audit practice; and for organization’s (input) in decision making about rule that will be applied by its members. The population in this study are auditors working in KAP (audit firm) in Java island. Questionnaires were sent to 613 members, with purposive sampling method. The response rate of the samples just 10.28 % (63/613*100%) was analyzed using regression method. The result show that earnings manipulation risk, corporate governance risk, and interaction of earnings manipulation risk, corporate governance risk, and auditors’ planning not associated with audit planned . The future research is suggested to examine other variables, including: size and culture of audit firm, experience, and auditor knowledge on client.

Keywords: Earnings manipulation, earnings management, corporate governance, auditors’ planning and risk


Evaluasi Manajemen Risiko Kantor Akuntan Publik (KAP) dalam Keputusan Penerimaan Klien Berdasarkan Pertimbangan dari Risiko Klien, Risiko Audit dan Risiko Bisnis

LUDOVICUS SENSI WONDABIO
Program Doktoral – Program Ilmu Akuntansi
Fakultas Ekonomi Universitas Indonesia

ABSTRACT

The objective of this research is to understand the risk management factors which should be performed by the accounting firm in the process of client acceptance decision by considering of 3 risks factors: Client Risk, Audit Risk and Auditor’s Business Risk. The client risk was determined by management integrity valuation and client’s business risk, meanwhile, the audit risk was determined by the nature of the audit engagement, related parties transactions, client’s prior knowledge and experiences, and also from the deep understanding of auditors in regards to the error and fraud which is possible performed by the client. Furthermore, auditor’s business risk was determined by considering whether the client’s profiles is a public company, regulated industry or high profile company. In order to enhance this research, this paper also discusses how the audit fee and the role of specialist will impact to client’s acceptance decision. In conducting the model testing, this research was performed through a field of empirical testing in one of the accounting firm ( rchival data).

Key words : client acceptance, audit risk, auditor’s business risk, error and fraud risk, oing public, audit fee recovery, risk management


Strukturasi Praktik Etika di Kantor Akuntan Publik: Sebuah Studi Interpretif

Unti Ludigdo
Universitas Brawijaya

Abstract

The main aim of this research is to understand the practice of ethics in a public accounting office (KAP). Hence, this research is developed with the basis of interpretive paradigm. The collaborative theory (ethnomethodology, structuration and spiritual intelligence or SQ) used to explore comprehendship meaning of ethics in everyday practice. The result of this research are; First, in this KAP, the managing partner has a strong change strenght in his organization. Whilts in the organization context, the management of this KAP is more in informal climate. Nevertheless, in the framework of ESQ it can be understood that the informal pattern developed here would be the manifestation of Madia’s (as a chief) internal dimension that has a view and action that are not always based on a certain convention, a flexible behaviour, a tendency to maintain life quality inspired by visions and values, and also the tendency of Madia to see the relationship between lots of things (to view in a “holistic” way). Second, the structuration pattern is not only rolling in the context of interaction between human being and organization, but also in the context of social environment setting. With an informal pattern developed in a KAP, the praxis of ethics which is developed here is coming from the effort of Madia as a chief and the shared of value that is held by him is rolling personally. Whilst, this effort is unseparable from the social context coped with this individual and organizational context. Ethical praxis is always happen because the existence of a strong external pressure, both from clients, the user, and those who have interest in this public accountant service (banks and tax officer) and also the ruler body in the field of public accountant (IAI and the Republic of Indonesia Financial Department).

Keywords: Practice of ethics, public accountant, structuration, ethnomethodology, ESQ


Studi tentang Perbedaan Evaluasi Etis, Intensi Etis dan Orientasi Etis Dilihat dari Gender dan Disiplin Ilmu: Potensi Rekruitmen Staf Profesional pada KAP

Siti Muthmainah
Universitas Diponegoro

Abstract

This study tests for gender and discipline-based differences in ethical evaluation, ethical intentions and ethical orientation among subjects from accountancy department, faculty of law and information technology undergraduates, both women and men. Examination conducted with Mancova and Ancova. Results indicate that difference of ethical orientation between women and men only happened at moral construct of utilitarianism. There are also differences of ethical intention and ethical evaluation between men and women. In general research findings support structural approach and previous research which done by Harris (1989), McNichols and Zimmerer (1985); Ford and Lowery (1986), Friedman et al. (1987), Forsyth et al. (1988), Tsalikis and Ortiz-Buonfina (1990), Stanga and Turpen (1991), Jones and Kavanagh (1996), McCuddy and Perry (1996). Differences of ethical orientation also happened among various responder of different academic discipline, especially in moral construct of justice, egoism and deontological. There are also differences of ethical evaluation and ethical intention among responders coming from different science discipline. These findings are consistence with previous research which have been done by Ponemon and Gabhart (1993), Jeffrey (1993), Ponemon and Glazer (1990), and Cohen et al. (1998).


Pengaruh Variabel-variabel yang Berpengaruh terhadap Keinginan Klien untuk Mempengaruhi Kebijakan Audit

NINING MULYANINGSIH
CV. ALEM

ENJANG TACHYAN BUDIYANTO
STIE KESATUAN BOGOR

ABSTRACT

The purposes of this study are to examine the impact of Client-Public Accountant Firms relationship, the client importance for Public Accountant Firms, non-audit services provided by Public Accountant Firms, client’s audit experience, auditor’s seniority, auditor’s experience, auditor’s knowledge on clients’expectations in audit judgment from client perspective. The populations in this study are members of The Indonesian Institute of Accountants-The Management Accountant Compartment. Questionnaires were sent to 300 members, with multistage sampling method. The response rate of 21,67% was analyzed by regression method.

Keywords: Client-Public Accountant Firms relationship


Pengaruh Kualitas Audit, Kondisi Keuangan Perusahaan, Opini Audit Tahun Sebelumnya, Pertumbuhan Perusahaan terhadap Opini Audit Going Concern

Eko Budi Setyarno
Indira Januarti
Faisal
UNIVERSITAS DIPONEGORO

Abstract

In this study, we attempt empirically to investigate the relationship between audit quality, financial condition, previous audit report and sales growth on going concern audit opinion would receive a going concern opinion. A samples of 59 manufacturing companies listed at Jakarta Stock Exchange from 2000-2004. Logistic regression is used to examine hypothesis. The results indicate that financial condition (Altman Z-Score) and previous audit report are significantly affect the going concern audit opinion. On the other hand, audit quality and sales growth does not have effect on going concern audit opinion.
Keywords: audit quality, financial condition, previous audit report, sales growth, going concern audit opinion


Pengaruh Profesionalisme Auditor terhadap Tingkat Materialitas dalam Pemeriksaaan Laporan Keuangan

Hendro Wahyudi
Alumnus STIE Malangkuçeçwara Malang

Aida Ainul Mardiyah
STIE Malangkuçeçwara Malang

ABSTRACT

This research objective is to examine empirically the influence of professionalism of auditor on level of materiality in course of financial statement audit. Professionalism of auditor which estimate can influence level of materiality is devotion of at profession, social obligation, independence, belief of at profession, and relation with humanity of friend profession. Data is selected using purposive sampling. The analysis units for responses of 66 staff in KAP Suprihadi and Friend’s. The data collection is performed using mail survey. The statistic method used to test the hypotheses is multiple regressions. The study results are as follows: 1) the influence of devotion of at profession on materiality. Result of researches has done Rahmawati (1997) and Hastuti et al. (2003), 2) the influence of independence on materiality. Result of researches has done Rahmawati (1997) and Hastuti et al. (2003), 3) the influence of belief profession on materiality Result of researches has done Rahmawati (1997) and Hastuti et al. (2003), 4) the influence of relation with humanity of friend profession. Result of researches has done Rahmawati (1997) and Hastuti et al. (2003), also 5) the influence of devotion of social obey on materiality do not support research of Rahmawati (1997) and Hastuti et al. (2003). This research also indicate that by using five dimension of professionalism that is: devotion of at profession, social obligation, independence, belief of at profession, and relation of humanity of friend of profession can influence a auditor in considering storey level materiality. Consideration mount materiality influenced by the professionalism, consistence with result of previous research.

Keywords: devotion of at profession, social obligation, independence, belief of at profession, relation with humanity of friend profession, and materiality.


Pengaruh Kecerdasan Emosional terhadap Tingkat Pemahaman Akuntansi dengan Kepercayaan Diri sebagai Variabel Pemoderasi

RISSYO MELANDY RM
NURNA AZIZA
Universitas Bengkulu

Abstract

This research aim to to test do emotional intellegence consisting of five component that is recognition self awareness, self regulation, motivation, empathy, and social skills have an effect on to storey level understanding of accountancy. This research also aim to know the existence of role self trust as moderating variable to emotional intellegence influence to storey level understanding of accountancy. Besides also this research aim to see the existence of difference emotional intellegence between student owning self trust of strong with student which is selftrust of weak. Measuring instrument to measure storey level understanding of accountancy is average point of accountancy that is PA1, PA2, AKM1, AKM2, AKL1, AKL2, AU1, AU2 And TA. That Analyzer used is simple linear regression, MRA, and Independent Sample T-Test. Result of analysis express that recognition self awareness, self regulation, motivation, social skill and empathy do not have an effect on by signifikan and have role as quasi moderator variable. Self trust of weak and strong differ in the case of empathy and self regulation, and recognition ofself trust, social skill and motivation do not differ. Many other factor which influence storey level understanding of accountancy like mental stress factor, and etc. Result of this research can give contribution to university in order to compiling curriculum and can give input to student in order to developing emotional intellegence and self trust.

Key words : self awareness, self regulation, motivation, empathy, social skills, self trust, level understanding of accountancy


Pengaruh Kecerdasan Intelektual, Kecerdasan Emosional dan Kecerdasan Spiritual terhadap Sikap Etis Mahasiswa Akuntansi (Studi pada Perguruan Tinggi Negeri Kota Makasar)

M. Ridwan Tikollah
Universitas Negeri Makassar
Iwan Triyuwono
Universitas Brawijaya
H. Unti Ludigdo
Universitas Brawijaya

Abstract

The research is aimed at: 1) Testing the effect of intellectual intelligence (IQ), emotional intelligence (EQ), and spiritual intelligence (SQ ) on ethical attitudes of university accounting students, simultaneously and partially; 2) Testing which variable that has dominant effect. The respondents of the research are accounting students at the State University of Makassar (UNM) and Hasanuddin University (Unhas) in Makassar City. Purposive sampling technique is chosen with criteria respondents have done Auditing I Subject. Data was gathered by questionnaires and documentation. IQ variable is gathered with Intelligence Test CFIT 3 Scale and it is done by Psychologists. Data analysis to test hypothesis is done with multiple linear regression analysis. This research results shows that IQ, EQ, and SQ simultaneously had significantly effect on ethical attitudes of university accounting students. But partially, only IQ has significantly and dominantly effects on ethical attitudes of university accounting students.

Keywords : IQ, EQ, SQ, ethichal attitudes, ethics


Muatan Etika dalam Pengajaran Akuntansi Keuangan dan Dampaknya terhadap Persepsi Etika Mahasiswa: Studi Eksperimen Semu

Wiwik Utami and Fitri Indriawati
Universitas Mercu Buana

Abstract

Ethics education is more than studying the code of professional conduct, but rather a process whereby individuals become more consciously involved in making ethical decisions (Langenderfer and Rockness:1989). This study investigates whether integrating ethical issues in financial accounting course will improve student’s ethics perception. The research design was quasi experiment, posttest-only control group design, and the subject were students who took intermediate accounting. The hypotheses of this research were: (1) loading ethical issues in financial accounting course influenced student’s ethics perception, and (2) interaction between ethical issues in financial accounting course and student GPA (Grade Point Average) influenced student’s ethics perception. The research hypotheses were tested using two way ANOVA. The result show that: (1) loading ethical issues in financial accounting course not influenced student’s ethics perception, (2) interaction between loading ethical issues in financial accounting course and student GPA significantly influenced the student’s ethics perception. Considering the current climate of good corporate governance, educators can no longer postpone in integrating ethics issues in accounting curriculum.

Keywords: ethical perception, ethical issue, financial accounting

The Influence of Earnings Management on Earning Quality

Widanarni Pudjiastuti
STIE Malangkuçeçwara Malang
Aida Ainul Mardiyah
STIE Malangkuçeçwara Malang

ABSTRACT

This research objective is to examine empirically the influence of earnings management on earnings quality. The analysis units were 459 (153x3) manufacturing companies listed in the Jakarta Stock Exchange, started from the year 2002 up to 2004. Data used were archival ones. Sample selection was based on purposive sampling. Statistical method used to test the hypotheses was multiple regressions. The result of the research showed that: the influence of earnings management on earnings quality was 47.56%. It means that higher earnings management will be followed by higher earnings quality. Earnings management supports earnings responsive coefficient (ERC) that revealed on the fluctuation of market response as the symbol of market assurance towards financial statement especially on the earnings. The financial statement users assume that the reported earnings show managerial performance, through its responsive strength. The weak influence of earnings management on earnings quality means that the earnings management can not be detected by users, so that market will not give over response. It indicated that there is still chance for management to do the earnings management in the border of Standar Akuntansi Keuangan. Result of this study supported the results of Cho and Jung (1991), Subramanyam (1996), Pae (1999), Sankar (1999), Feltham and Pae (2000), Nelson et al. (2000), Scott (2000), Lobo and Zhou (2001), also Teixeira (2002).

Keywords: Earnings Management, Earnings Quality, Earnings Response Coefficient (ERC), and CAR

I. INTRODUCTION
A. Background Of The Study

In an ideal condition, capital market is a media to support the mechanism of fair stock transactions but in reality this condition is difficult to gain because of the interest conflict and because of intransparancy of company’s financial statement. Leuz and Winsock (2003) had done international comparative study on earnings management and investor protection with 31 countries (including Indonesia) as samples that covered 1990 up to 1999-study period. Objective of the study was, to give empirical evidence that there were differences of earnings management in various countries because of the difference in investor protection. Based on average score of earnings management, Indonesia was on the 15th level among 31 countries that means that Indonesia was in the middle level. At the lowest level of earnings management was United States. If it is compared to other ASEAN countries that were chosen as samples: Malaysia, Philippines, and Thailand, it seems that Indonesia got the highest earnings management score. For legal enforcement score, Indonesia got point 2.9 as the lowest score, means that legal enforcement in Indonesia was very weak and this will give influence to the low investor protection level.


Ownership Retention, Number of Risk Factors and Underpricing in Indonesia Intial Publik Offerings

Tatang A Gumanti and Marentin Nita Niagara
University of Jember

Abstract

This study examines whether the level of ownership retained by the issuers of IPO and the number of risk factors available in the issue prospectus are associated with the variation of the level of underpricing. Using a sample of 288 IPOs that went public between 1990 and 2004 in Indonesian capital market, this study finds that the level of ownership retention has negative correlation with the level of underpricing. In line with the expectation, this study finds that the number of risk factors is positively related to the level of underpricing. This finding implies that the riskier the IPO firm as indicated by the number of risk factors, the higher the level of underpricing.

Keywords: underpricing, ownership retention, number of risk factors, initial public offerings.

1. Introduction
A detailed prospectus is required before new securities can be offered to the public in an initial public offering (IPO). It provides information about the offering itself, a brief history of the firm’s business, information related to past financial performance, ownership details, and the risks associated with the investment. The investment community recognizes that the most detailed and precise information about the issuing firm is found in the offering prospectus. In addition, the prospectus is a legal document that protects the issuer and the underwriter because it is written proof that the investor was provided with all the material facts related to the offering. However, very little is known about how useful prospectus information is to investors in their decision to invest in an individual IPO. Because a number of issuers lack a history of past revenues or earnings, investors are likely to be quite skeptical about the value of prospectus information. Recent evidence in Teoh et al. (1998), that earnings management prior to going public is related to long-run under-performance, could further erode the investor’s confidence in the value of the information contained in the prospectus, because it shows that firms could resort to window dressing prior to going public. Nevertheless, information contained in a prospectus is often the first window to a potential investor about the firm’s past and its projected future performance.


The Correlation of Catering Incentives to Stock Return-A Test of Catering Theory of Dividend

ARIANA RESTU HANDARY
NIKI LUKVIARMAN
RAHMAT FEBRIANTO
Andalas University

ABSTRACT

This research investigates whether dividend catering theory can provide the answer to explain phenomenon of dividend policy in Indonesia. The theory argues that the decision to pay dividends is driven by investors demand. Managers pay dividend when investors put a higher price on the shares of dividend payers and not paying when investors prefer non-dividend payers. Dividend premium is used as the proxy for the investor sentiment for dividend. The sample of this research is 337 non-financial firms listed within the Jakarta Stock Exchange, which is composed of 363 dividend announcements during the period 1999-2003. The correlation between catering incentives, measured by dividend premium, and the stock return shows a negative association between dividend premium and the stock return. Such a negative relationship might be caused by the relative growth opportunity of the firms showed by the decreasing number of dividend payers during period of observation.

Keywords: Dividend catering theory; dividend premium, dividend yield, abnormal return

PROBLEM BACKGROUND
Several theories of dividend policy have been offered in the literature of corporate finance for firms to pay dividends. The first dividend theory; dividend irrelevance theory, proposed by Miller and Modigliani (1961) find that dividend policy is “only a financing decision”. The way of income is distributed (in the form of capital gain or dividend) does not affect the overall value of the firm, because of the two assumptions-given the firm’s investment decision and the existence of the perfect capital market. Then, the-bird-in-the-hand theory, suggest by Myron Gordon and John Lintner states that stockholders prefer dividend to retain earnings since dividend is less risky compared to retain earnings. Next, the tax preference theory hypothesizes that investors prefer a low dividend payment to a high pay-out because dividends are taxed at higher rates than capital gains. The dividend clientele theory states that the clienteles of investors becomes the consideration in changing the dividend policy. Meanwhile, the residual dividend theory hypothesizes that dividends are only paid when there are residual earnings after financing of the new investment. The next theory is the dividend signaling hypothesis suggests that payout to shareholders convey valuable information to the capital market e.g. (Bhattacharya, 1979; Miller and Rock, 1985; John and Williams, 1985) in Lie (2004). The theory predicts that the announcement of changes in current dividend brings information about the future performance of a firm. The empirical evidences associated with this theory are still inconclusive. In the support of the signaling theory, Hanlon et al. (2006) investigates the information content of dividend: whether market can understand and predict future earnings for dividend paying firms. Their result shows that the greater the association between current returns and future earnings, the more relevant the dividend information content of future earning. In contrast, Grullon et al. (2002) find the dividend increasing firms experience a decline in profitability in the years after the dividend change.

The Information Content Simultaneity of Returns and Earnings: The Case of Indonesia

FUAD
Universitas Dian Nuswantoro, Semarang

DWI RATMONO
Universitas Diponegoro, Semarang

ABSTRACT

This paper analyzes in detail the information content of returns and earnings, both linearly and simultaneously because they are jointly affected by information that is difficult to specify explicitly. Based on empirical evidence, we challenge the assumption that earnings follow first order moving average process, while assuming that they actually follow first order autoregressive process. Using 900 firm-specific observations from 1996 to 2004 we found that earnings (ERC) and returns response coefficients (RRC) provide similar estimates under joint estimation rather than linear one. We also found that 2-Stage Least Square (2SLS) reduces the bias of ERC and RRC in contrast to under Ordinary Least Square. Surprisingly, earnings and returns convey information larger in the short-term rather than in the long-term. In particular, we found that one year lag of return contain more information about future earning than two-or three years lag of return.

Keywords : Joint Estimation, Earning Response Coefficient, Return Response Coefficient, Information Content Bias

I. INTRODUCTION
One of the most compelling and intriguing research questions of our time is exploring the relationship between return and accounting earning, in which capital market equilibrium can be characterized by as a mapping from states into a set of security returns. Similarly, earnings are signals from information system which is a mapping from states into signal. In general, there could be any relationship between returns and earnings depending upon the nature of the two mappings. If one assumes that return and earnings reflect a common set of events, it is not unreasonable to assume that the two might be associated (Beaver, et al. 1979).

Pengaruh Privasi, Keamanan, Kepercayaan dan Pengalaman terhadap Niat untuk Bertransaksi secara Online

M. Rafki Nazar
and
Syahran

ABSTRACT

This research aims to understand the impact of privacy, security, trust, and internet experience, to intention online transaction. The approach use theory planned behavior in this research. Hypothesis that are proposed: (1) Trust will be positive influence on attitude consumer to intention online transaction. (2) Security will be positive influence to risk perception. (3) Trust will be negative influence to risk perception (4)Privacy will be positively influence risk to perception (5) Risk perception will be negative influence to attitude consumer to online transaction (6) attitude will be positive influence to intention (7) Risk perception will be negative influence to intention to online transaction (8) Internet experience will be positively influence to intention online transaction (9)subjective norm will be positively influence to online transaction (10) Behavioral control will be positively influence to online transaction. The subjects of this research are 200 students of information system from various campuses in Yogyakarta city. This is research used survey method with instrument questioner and sample was taken using non probability sampling, and more specific, purposive sampling. Validity test used convergent and discriminant, and reliability test used composite reliability. The result of this research show that: there is a positive not significant influence of trust on attitude; There is a positive and significant influence security on risk perception; there is a positive not significant influence trust on risk perception; there is a positive and significant influence privacy on risk perception; there is a positive and significant influence risk perception on attitude; there is a positive and significant influence attitude on intention; there is a positive and significant influence risk perception on intention; there is a positive and significant internet experience on intention; there is a negative not significant influence subjective norm on intention; there is a positive and significant influence behavior control on intention.

Keywords: Privacy, Security, Trust, Internet experience, Intention, The Theory Planned Behavior, Online store, and Online transaction


Pengaruh Kualitas Sistem Informasi, Perceived Usefulness dan Kualitas Informasi terhadap Kepuasan Pengguna Akhir Software Akuntansi

Istianingsih
Setyo Hari Wijanto
Program Doktoral – Pascasarjana Ilmu Akuntansi FEUI

ABSTRACT

The objective of this study is to examine the effect of information system quality, information quality, and perceived usefulness on end-user accounting software satisfaction. Another objective of this study is to examine the validity and reliability of end-user computer satisfaction instruments developed by Doll and Torkzadeh (1988). This study modifies information system success model from DeLone and McLean (1992) and Seddon (1997) by including confirmatory factor analysis for user satisfaction variable. Data used in this study is primary data based on questionnaires distributed to the users of accounting software who work at variety of companies in Indonesia. To examine 309 returned questionnaires, I use the structural equation model (SEM). The results of this study show that information system quality statistically significant affects the perceived usefulness and end-user accounting software satisfaction. Information quality statistically significant affects the perceived usefulness and end-user accounting software satisfaction. Perceived usefulness affects the end-user accounting software satisfaction. Furthermore, the result show that the instruments study developed by Doll and Torkzadeh (1988), has a good validity and reliability to measure the end-user computer satisfaction (EUCS).

Key Words: Information System Quality, Information Quality, Perceived Usefulness, End User Computer Satisfaction, Information System Success Model.


Pengaruh Information Technology Relatedness terhadap Kinerja Perusahaan (Penelitian terhadap Perusahaan Perbankan di Jawa Tengah)

Luluk Muhimatul Ifada, SE, M.Si.

Abstract

The principal purpose of this study was to examine the influence of information technology (IT) relatedness with corporate performance. Measurement of IT relatedness uses a reflective second-order factor modeling approach for capturing complementarities among the four dimensions of IT relatedness (IT strategy making processes, IT vendor management processes, IT human resource management processes and IT infrastructure). Based on the resource-based view of diversification and the economic theory of complementarities, the two major sources of cross-unit IT synergy in the corporate was  the relatedness and complementarity of IT resources. According RBV concept, the use of IT relatedness as a complementarity unit create super-additive value synergies and be used as competitive sustainability advantage to improve corporate performance. Collecting data in this research, by a survey of 93 office manager branch banking in Central Java. Data analysis uses Structural Equation Model (SEM) with the program SmartPLS (Partial Least Square). The findings are the information technology relatedness influence positively to corporate performance as hypothesized. The diversification level of the product  moderates the relationship between IT relatedness and corporate performance. It can  be concluded  that the super-additive value synergies arising from the use of a complementary set of IT resources and management processes have significant effects on corporate performance.

Keywords: Information Technology Relatedness, Product diversification level, Corporate Performance, Second Order Construct, Partial Least Square


Cognitive VS Personality terhadap Niat Penggunaan Teknologi (Internet)

M. Rafki Nazar

ABSTRACT

This research compares two models of intention to use internet. The research intends to find out which of the two models better explains the intention to use internet. The first model is cognitive and second model is personality. The underpinning theory of this research is theory acceptance model for cognitive model and “Big Five” personality approach. Hypothesis that are proposed 1) perceived usefulness will have a positive influence on the intention to use internet, 2) perceived ease of use will have a positive influence on the intention to use internet, 3) computer anxiety will have a negative influence on the intention to use internet, 4) affect will have a positive influence intention to use internet, and 5) trust will have positive influence intention to use internet. The subjects of this research are 321 respondents S1 dan S2 Gadjah Mada University, faculty of Economics and Business. This research used survey method with questionnaire instrument and the sample was taken using non probability sampling method, namely convenient sampling. Confirmatory Factor Analysis (CFA) is used to test the validity of the questionnaire. The findings of this research are: 1) perceived usefulness has a positive and significant influence on the intention to use internet, 2) perceived ease of use will have a positive and significant influence on the intention to use internet, 3) computer anxiety will have a negative and significant influence on the intention to use internet, 4) affect will have a positive and significant influence on the intention to use internet, and 5) trust will have a  positive and significant  influence on the intention to use internet and cognitive has more influence on the intention to use internet than personality.

Keywords: Perceived usefulness, Perceived Ease of Use, Computer Anxiety, Affect, Trust, Intentions to Use.


Pengaruh Extrinsic Motivation, Absorptive Capacity dan Channel Richness terhadap Sikap Individu atas Perilaku Sharing Knowledge

Eliada Herwiyanti
Universitas Jenderal Soedirman

Abstract

In this new era of technology, information can be obtains easily, and can be share in many situations. The usefulness of information can improve and applied in very flexible terms. The objective of this study is to examine the effect of extrinsic motivation, absorptive capacity, and channel richness to sharing knowledge attitude. All of variables are measure with 5 Likert’s Scale, that adopted from Kwok and Gao (2006) work’s. This research is using purposive sampling method to choose the sample. From 100 questionnaires that had been gather from information technology students in Jakarta, only 72 that could be include to  the observation. The result using multiple regression equation indicate that all of the hypotheses are can not reject. Additional test with independent samples test show that there are no significant different among male and female to extrinsic motivation, absorptive capacity, and sharing knowledge attitude, only channel richness variable that show significant.

Keywords: extrinsic motivation, absorptive capacity, channel richness, sharing     knowledge



Pengaruh Kapasitas SDM, Pemanfaatan Teknologi Informasi dan Pengendalian Intern Akuntansi terhadap Nilai Informasi Pelaporan Keuangan Pemerintah Daerah

(Studi Pada Pemerintah Kota Palembang dan Kabupaten Ogan Ilir)

Desi Indriasari, S.E., M.Si., Ak.
POLITEKNIK NEGERI SRIWIJAYA PALEMBANG

Dr. Ertambang Nahartyo, M.Sc.
UNIVERSITAS GADJAH MADA

ABSTRACT

Basically, the objective of  this research is to examine the factors that influence information value of local government financial reporting. Information value refers to reliability and timeliness, whereas factors that influence are human resource capacity, information technology utilization, and accounting intern control. Data collection was done by providing questionnaires to 73 heads and staffs of SKPD’s accounting department in Palembang City and Ogan Ilir District and also by  interviewing some of them. The collected data was processed using SPSS version 13. The statistic method used to test the hypotheses was multiple linier regression. Hypotheses testing results are as follows. First, information technology utilization and accounting intern control have a positive and significant influence on reliability of local government financial reporting, while human resource capacity has no influence. Second, both of human resource capacity and information technology utilization have positive and significant influence on timeliness of local government financial reporting.

Keywords: Local government financial reporting, Information value, Human resource capacity, Information technology utilization, and Accounting intern control.


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