Pengaruh Akuntansi Akrual dan Pengungkapan Lingkungan terhadap Koefisien Respon Laba pada Perusahaan Terindeks JII

Mudita Sri Karuni

Abstract


This research is aimed to identify whether accrual accounting and environmental disclosure influence Earning Response Coefficient (ERC). The data were collected by using document and library method. The dependent variable in this research is ERC that measured by the market response to the unexpected earnings. The independent variable is accrual accounting and environmental disclosure, which was tested on the firm’s total information disclosure of Corporate Social Responsibility (CSR. This research used Panel Data Regression. A total sample of 16 companies listed in Jakarta Islamic Index (JII) for five years (2014-2018) was used to perform the analysis and hypotheses testing. The result of this research is that accrual accounting has no significant relationship with the ERC, and CSR information disclosure has a positive and significant relationship with the ERC.

Full Text:

PDF

References


Al-Baidhani, A., Abdullah, A., Ariff, M., Cheng, F. F., & Karbhari, Y. (2017). Review of Earnings Response Coefficient Studies. Corporate Ownership and Control, 14(3), 299–308. https://doi.org/10.22495/cocv14i3c2art4

Amadi, F., & Amadi, C. (2014). Earnings Management and Stock Market Returns. International Journal of Business, Economics and Management, 1(1), 272–290.

An, Y. (2015). Earnings Response Coefficients and Default Risk: Case of Korean Firms. International Journal of Financial Research, 6(2), p67. https://doi.org/10.5430/ijfr.v6n2p67

Ball, R., & Brown, P. (1968). An Empirical Evaluation of Accounting Income Numbers. Journal of Accounting Research, 6(2), 159. https://doi.org/10.2307/2490232

Beaver, W. H. (1968). The Information Content of Annual Earnings Announcements. Journal of Accounting Research, 6, 67. https://doi.org/10.2307/2490070

Chen, Y.-C., Hung, M., & Wang, Y. (2018). The Effect of Mandatory CSR Disclosure on Firm Profitability and Social Externalities: Evidence from China. Journal of Accounting and Economics, 65(1), 169–190. https://doi.org/10.1016/j.jacceco.2017.11.009

Dahlsrud, A. (2008). How Corporate Social Responsibility is Defined: An Analysis of 37 Definitions. Corporate Social Responsibility and Environmental Management, 15(1), 1–13. https://doi.org/10.1002/csr.132

Dechow, M. (1994). Accounting Earnings and Cash Flows as Measures of Firm Performance The Role of Accounting Accruals. Journal of Accounting and Economics, 40.

Denis, D. J., & Sarin, A. (1999). Is the Market Surprised by Poor Earnings Realizations Following Seasoned Equity Offerings? The Journal of Financial and Quantitative Analysis, 26.

Duru, O., Mileski, J. P., & Gunes, E. (2017). Performance obligations for “ revenue from contracts with customers ” principle in the shipping industry. Maritime Business Review, 2(3), 211–223. https://doi.org/10.1108/MABR-02-2017-0009

Epstein, M. J., & Freedman, M. (1994). Social Disclosure and the Individual Investor. Accounting, Auditing & Accountability Journal, 7(4), 94–109. https://doi.org/10.1108/09513579410069867

Fargher, N., Kieso, D., Wise, V., Weygandt, J., & Warfield, T. (2007). Fundamentals of intermediate accounting.

Farooq, O., Shehata, N. F., & Nathan, S. (2018). Earnings Response Coefficient in the MENA Region. Applied Economics Letters, 25(16), 1147–1152. https://doi.org/10.1080/13504851.2017.1403550

Feltham, G. A., & Pae, J. (2000). Analysis of the Impact of Accounting Accruals on Earnings Uncertainty and Response Coefficients. Journal of Accounting, Auditing & Finance, 15(3), 199–220. https://doi.org/10.1177/0148558X0001500301

Hasanzade, M., Darabi, R., & Mahfoozi, G. (2013). Factors Affecting the Earnings Response Coefficient: An Empirical study for Iran. European Online Journal of Natural and Social Sciences, 10.

Homan, H. S. (2018). The Effect of Corporate Social Responsibility Disclosure to Earnings Response Coefficient. International Journal of Business, Economics and Law, 16(1), 8.

Hosseini, M., Chalestori, K. N., Hi, S. R., & Ebrahimi, E. (2016). A Study on the Relationship between Earnings Management Incentives and Earnings Response Coefficient. Procedia Economics and Finance, 36, 232–243. https://doi.org/10.1016/S2212-5671(16)30034-X

Khaksarian, F. (2013). A Study on Relationship between Earnings Response Coefficient and Earnings Management: Evidence from Tehran Stock Exchange. Management Science Letters, 3(10), 2549–2554. https://doi.org/10.5267/j.msl.2013.09.019

Kothari, S. P., & Sloan, R. G. (1992). Information in Prices About Future Earnings. Journal of Accounting and Economics, 15(2–3), 143–171. https://doi.org/10.1016/0165-4101(92)90016-U

Kwag, S. (Austin), & Stephens, A. A. (2009). Investor Reaction to Earnings Management. Managerial Finance, 36(1), 44–56. https://doi.org/10.1108/03074351011006838

Lys, T., Naughton, J. P., & Wang, C. (2015). Signaling through Corporate Accountability Reporting. Journal of Accounting and Economics, 60(1), 56–72. https://doi.org/10.1016/j.jacceco.2015.03.001

Melegy, M. (2019). Sustainability Disclosure and Quality of Financial Reporting: Empirical Study of Saudi Listed Companies. 33.

Moratis, L., & van Egmond, M. (2018). Concealing Social Responsibility? Investigating the Relationship between CSR, Earnings Management and the Effect of Industry through Quantitative Analysis. International Journal of Corporate Social Responsibility, 3(1), 8. https://doi.org/10.1186/s40991-018-0030-7

Nuzula, N. F., & Kato, M. (2011). Do Japanese Capital Markets Respond to the Publication of Corporate Social Responsibility Reports? Journal of Accounting, Finance and Economics, 14.

Nwokeji, E., & Benjamin, O. (2019). Sustainability Disclosures and Market Value of Firms in Emerging Economy: Evidence from Nigeria. European Journal of Accounting, Auditing and Finance Research, 7(3), 1–19.

Prior, D., Surroca, J., & Tribó, J. A. (2008). Are Socially Responsible Managers Really Ethical? Exploring the Relationship Between Earnings Management and Corporate Social Responsibility. Corporate Governance: An International Review, 16(3), 160–177. https://doi.org/10.1111/j.1467-8683.2008.00678.x

Rodriguez-Fernandez, M. (2016). Social Responsibility and Financial Performance: The Role of Good Corporate Governance. BRQ Business Research Quarterly, 19(2), 137–151. https://doi.org/10.1016/j.brq.2015.08.001

Sunder, S. (2000). Discussion: “Analysis of the Impact of Accounting Accruals on Earnings Uncertainty and Response Coefficients.” Journal of Accounting, Auditing & Finance, 15(3), 221–224. https://doi.org/10.1177/0148558X0001500302

Teoh, H. Y., & Shiu, G. Y. (1990). Attitudes towards Corporate Social Responsibility and Perceived Importance of Social Responsibility Information Characteristics in a Decision Context. Journal of Business Ethics, 9(1), 71–77. https://doi.org/10.1007/BF00382566

Ullmann, A. (1985). Data in Search of a Theory: A Critical Examination of the Relationships among Social Performance, Social Disclosure, and Economic Performance of U. S. Firms. The Academy of Management Review, 10(3), 540–557.

Yip, E., Staden, C. V., & Cahan, S. (2011). Corporate Social Responsibility Reporting and Earnings Management: The Role of Political Costs. 20.

You, H. W., Brahmana, R. K., & Tan, M. Y. (2018). Corporate environmental disclosure and earning management. International Journal of Green Economics, 12(3/4), 308. https://doi.org/10.1504/IJGE.2018.10019190




DOI: http://dx.doi.org/10.21043/aktsar.v3i2.7575

Refbacks

  • There are currently no refbacks.


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