The Effect of Financial Statement Comparability on Risk in the Indonesian Banking Sector

Meyjerd Rombebunga; Adler Haymans Manurung; Roy Sembel

doi:10.26905/ap.v10i1.11485

The Effect of Financial Statement Comparability on Risk in the Indonesian Banking Sector

Meyjerd Rombebunga, Adler Haymans Manurung, Roy Sembel

Abstract

This study aims to analyze the effect of comparability of financial statements on risk in the banking industry in Indonesia which is listed on the Indonesia Stock Exchange (IDX). The data was obtained using purposive sampling, so that 38 companies were obtained during 2015-2022 which were analyzed using Eviews 9. The results of this research indicate that there is a positive relationship between banks and financial statements that are comparable to risk. This result means that the more comparable the financial statements, the higher the risk level of a bank. Next, the relationship between comparability of financial statements that does not depend on bank size shows results that are prominent in small banks than large banks. Overall, this study provides implications for unique insights about the role of comparability of financial statements in motivating and increasing the opportunistic attitude of banking management in Indonesia in risky activities. Preferably, companies engaged in the banking sector can pay attention to the relevance of the information available before undertaking risky activities. This attention needs to be done in order to foster a better attitude of caution so as to avoid the threat of loss in the future

Keywords

banking, financial statements comparability, risk

Full Text:

PDF

References

Ajija, & Rohmatul, S. (2011). Cara cerdas menguasai eviews. Jakarta: Salemba Empat.

Al-qudah, A. M., & Jaradat, M. A. (2013). The impact of macroeconomic variables and banks characteristics on Jordanian Islamic Banks profitability: empirical evidence. International Business Research, 6(10), 153–162. https://doi.org/10.5539/ibr.v6n10p153

Alamsyah, H. (2020). Strategi bank bertahan dari pandemi corona dan masuki new normal. Retrieved from https://finansial.bisnis.com/read/20200610/90/1250713/strategi-bank-bertahan-dari-pandemi-corona-dan-masuki-new-normal

Alper, D., & Anbar, A. (2011). Bank spesific and macroeconomic determinants of commercial bank profitability: empirical evidence from Turkey. Business and Economics Research Journal, 2(2), 139–152. Retrieved from http://www.berjournal.com/wp-content/plugins/downloads-manager/upload/BERJ 2(2)2011 article8 pp139-152.pdf

Azhari, D. F., Rahayu, S. M., & Zahroh. (2016). Pengaruh roe, der, tato, dan per terhadap harga saham perusahaan properti dan real estate yang go publik di Bursa Efek Indonesia. Jurnal Administrasi Bisnis, 32(2), 1–5. Retrieved from http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/1257

Basuki, A. T., & Prawoto, N. (2016). Analisis regresi dalam penelitian ekonomi dan bisnis: dilengkapi aplikasi spss dan eviews. Jakarta: Rajawali Pers.

Beatty, A., & Liao, S. (2011). Do delays in expected loss recognition affect banks’ willingness to lend? Journal of Accounting and Economics, 52(1), 1–52. Retrieved from https://doi.org/10.1016/j.jacceco.2011.02.002

Beltratti, A., & Stulz, R. M. (2012). The credit crisis around the globe: Why did some banks perform better? Journal of Financial Economics, 105(1), 1–17. https://doi.org/10.1016/j.jfineco.2011.12.005

Bhagat, S., Bolton, B., & Lu, J. (2015). Size, leverage, and risk-taking of financial institutions. Journal of Banking and Finance, 59(June), 520–537. https://doi.org/10.1016/j.jbankfin.2015.06.018

Brown, K., Jha, R., & Pacharn, P. (2015). Ex ante CEO severance pay and risk-taking in the financial services sector. Journal of Banking and Finance, 59, 111–126. https://doi.org/10.1016/j.jbankfin.2015.04.027

Budiasih, I. G. A. N., Jesslyn, J., & Dwirandra, A. A. N. B. (2016). Struktur kepemilikan dan charter value sebagai pemoderasi pengaruh capital requirment pada pengambilan risiko bank. Jurnal Keuangan Dan

Perbankan, 20(3), 428–437. Retrieved from https://media.neliti.com/media/publications/105489-ID-none.pdf

Burja, C. (2011). Factors influencing the companies’ profitability. Annales Universitatis Apulensis Series Oeconomica, 13(2), 215–224. Retrieved from https://econpapers.repec.org/article/alujournl/v_3a2_3ay_3a2011_3ai_3a13_3ap_3a3.htm

Butar, B. S. (2017). Implikasi gaya audit terhadap komparabilitas laporan keuangan. Jurnal Dinamika Akuntansi Dan Bisnis, 4(2), 189–210. Retrieved from http://jurnal.unsyiah.ac.id/JDAB/article/view/7768

Chauhan, Y., & Kumar, S. B. (2019). Does accounting comparability alleviate the informational disadvantage of foreign investors? International Review of Economics and Finance, 60, 114–129. https://doi.org/10.1016/j.iref.2018.12.018

Chen, C.-W., Collins, D. W., Kravet, T. D., & Margenthaler, R. D. (2018). Financial statement comparability and the efficiency of acquisition decisions. Contemporary Accounting Research, 35(1), 164–202. Retrieved from https://onlinelibrary.wiley.com/doi/abs/10.1111/1911-3846.12380

Choi, J. H., Choi, S., Myers, L. A., & Ziebart, D. (2019). Financial statement comparability and the informativeness of stock prices about future earnings. Contemporary Accounting Research, 36(1), 389–417. https://doi.org/10.1111/1911-3846.12442

Coad, A., Segarra, A., & Teruel, M. (2013). Like milk or wine: does firm performance improve with age. Structural Change and Economic Dynamics, 24(1), 173–189. Retrieved from https://doi.org/10.1016/j.strueco.2012.07.002

De Franco, G., Kothari, S. P., & Verdi, R. S. (2011). The benefits of financial statement comparability. Journal of Accounting Research, 49(4), 895–931. https://doi.org/10.1111/j.1475-679X.2011.00415.x

De Jonghe, O., Diepstraten, M., & Schepens, G. (2015). Banks’ size, scope and systemic risk: what role for conflicts of interest? Journal of Banking & Finance, 61(1), 3–13. https://doi.org/10.1016/j.jbankfin.2014.12.024

Fitri, H. (2014). Corporate governance, charter value, tipe kepemilikan dan pengambilan risiko perbankan di Indonesia. Siasat Bisnis, 18(1), 81–99. Retrieved from https://www.researchgate.net/publication/315582149_Corporate_governance_charter_value_tipe_kepemilikan_dan_pengambilan_risiko_perbankan_di_Indonesia/fulltext/58d518cca6fdcc1bae5329a5/Corporate-governance-charter-value-tipe-kepemilikan-dan-pengambilan-risi

Foos, D., Norden, L., & Weber, M. (2010). Loan growth and riskiness of banks. Journal of Banking & Finance, 34(12), 2929–2940. Retrieved from https://doi.org/10.1016/j.jbankfin.2010.06.007

Francis, J. R., Pinnuck, M. L., & Watanabe, O. (2014). Auditor style and financial statement comparability. Accounting Review, 89(2), 605–633. https://doi.org/10.2308/accr-50642

Gaol, R. L. (2015). Pengaruh perputaran persediaan, perputaran piutang dan pertumbuhan penjualan terhadap likuiditas pada perusahaan industri barang konsumsi yang terdaftar di Bursa Efek Indonesia. Jurnal Reviu Akuntansi Dan Keuangan, 1(2), 1–22. Retrieved from https://media.neliti.com/media/publications/282786-pengaruh-perputaran-persediaan-perputara-e527b326.pdf

Habib, A., Hasan, M. M., & Al-HadiAhmed. (2018). Financial statement comparability and idiosyncratic return volatility. International Review of Finance, 20(2), 1–31. https://doi.org/10.1111/irfi.12227

Habib, A., Monzur Hasan, M., & Al-Hadi, A. (2017). Financial statement comparability and corporate cash holdings. Journal of Contemporary Accounting and Economics, 13(3), 304–321. https://doi.org/10.1016/j.jcae.2017.10.001

Hasan, M. M., Cheung, A. W. K., & Taylor, G. (2020). Financial statement comparability and bank risk-taking. Journal of Contemporary Accounting and Economics, 16(3), 100206. https://doi.org/10.1016/j.jcae.2020.100206

Hutami, R. P. (2012). Jurnal Nominal. Jurnal Nominal, 1(2), 104–123. Retrieved from https://journal.uny.ac.id/index.php/nominal/article/view/1001/804

Jin, J. Y., Kanagaretnam, K., Lobo, G. J., & Mathieu, R. (2013). Impact of FDICIA internal controls on bank risk taking. Journal of Banking and Finance, 37(2), 614–624. https://doi.org/10.1016/j.jbankfin.2012.09.013

Kanagaretnam, K., Lim, C. Y., & Lobo, G. J. (2014). Influence of national culture on accounting conservatism and risk-taking in the banking industry. Accounting Review, 89(3), 1115–1149. https://doi.org/10.2308/accr-50682

Khan, M. S., Scheule, H., & Wu, E. (2017). Funding liquidity and bank risk taking. Journal of Banking and Finance, 82, 203–216. https://doi.org/10.1016/j.jbankfin.2016.09.005

Kim, J. B., Li, L., Lu, L. Y., & Yu, Y. (2016). Financial statement comparability and expected crash risk. Journal of Accounting and Economics, 61(2–3), 294–312. https://doi.org/10.1016/j.jacceco.2015.12.003

Kipesha, M. (2013). Impact of size and age on firm performance: evidence from microfinance institutions in Tanzania. Research Journal of Finance and Accounting, 4(5), 105–116. Retrieved from https://www.researchgate.net/publication/236590467_Impact_of_Size_and_Age_on_Firm_Performance_Evidences_from_Microfinance_Institutions_in_Tanzania

Köhler, M. (2015). Which banks are more risky? The impact of business models on bank stability. Journal of Financial Stability, 16(1), 195–197. https://doi.org/https://doi.org/10.2139/SSRN.2180688

Lestari, I. I., Kamaludin, & Midiastuty, P. P. (2016). Relevansi laporan keuangan pada perusahaan-perusahaan manufaktur terdaftar di Bursa Efek Indonesia. Jurnal Fairness, 6(1), 45–58. Retrieved from https://ejournal.unib.ac.id/index.php/fairness/article/download/15118/7303

Meslier, C., Tacneng, R., & Tarazi, A. (2014). Is bank income diversification beneficial? Evidence from an emerging economy. Journal of International Financial Markets, Institutions & Money, 31(1), 97–126. https://doi.org/10.1016/j.intfin.2014.03.007

Monica, G. (2016). Pengaruh profitabilitas, kekuatan modal, pertumbuhan kredit terhadap harga saham perusahaan perbankan yang terdaftar di bisnis 27. Jurnal Akuntansi, 4(2), 1–24. Retrieved from https://jurnalmahasiswa.unesa.ac.id/index.php/jurnal-akuntansi/article/view/14731/12953

Nguyen, Q. T. T., Nguyen, S. T. B., & Nguyen, Q. V. (2019). Can higher capital discipline bank risk: evidence from meta-analysis. Journal of Risk and Financial Management, 14(1), 1–21. Retrieved from https://www.mdpi.com/1911-8074/12/3/134/pdf

Niu, J. (2012). An empirical analysis of the relation between bank charter value and bank risk taking. The Quarterly Review of Economics and Finance, 52(3), 298–304. https://doi.org/10.1016/j.qref.2012.05.001

Nurwati, E., Achsani, N. A., Hafidhuddin, D., & Nuryartono, N. (2014). Umur dan kinerja perusahaan: studi empiris perbankan syariah di Indonesia. Jurnal Manajemen Teknologi, 13(2), 173–188. Retrieved from https://www.neliti.com/id/publications/113123/umur-dan-kinerja-perusahaan-studi-empiris-perbankan-syariah-di-indonesia

Oliveira, J., Lima, L., & Russell, R. (2011). Voluntary risk reporting to enhance institutional and organizational legitimacy evidence from Portuguese banks. Journal of Financial Regulation and Complience, 19(3), 271–288. https://doi.org/10.1108/13581981111147892

Otoritas Jasa Keuangan. 2016. Peraturan Otoritas Jasa Keuangan (POJK) nomor 6/POJK.03/2016 tentang kegiatan usaha dan jaringan kantor berdasarkan modal inti bank.

Pelealu, I. W., & Worang, F. G. (2018). Analysis the effect of loan loss provision on bank profitability. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 6(4), 3278–3287. Retrieved from https://ejournal.unsrat.ac.id/index.php/emba/article/viewFile/21317/21018

Prabowo, H. (2020). Begini dampak penyebaran virus corona menurut bank-bank besar. Kontan. Retrieved from https://keuangan.kontan.co.id/news/begini-dampak-penyebaran-virus-corona-menurut-bank-bank-besar

Rahmadewi, P. W., & Abundanti, N. (2018). Pengaruh eps, per, cr dan roe terhadap harga saham di Bursa Efek Indonesia. E-Jurnal Manajemen Unud, 7(4), 2106–2133. https://doi.org/https://doi.org/10.24843/EJMUNUD.2018.v7.i04.p0

Rahman, F., & Sunarti. (2017). Pengaruh marketing expense, ukuran perusahaan, dan umur perusahaan terhadap tingkat profitabilitas perusahaan (studi empiris pada industri sektor perbankan Indonesia yang listing di BEI periode 2011-2015). Jurnal Administrasi Bisnis, 52(1), 146–153. Retrieved from http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/2167/2563

Safitri, A. M., & Mukaram. (2018). Pengaruh roa, roe, dan npm terhadap pertumbuhan laba pada perusahaan sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia. Jurnal Riset Bisnis Dan Investasi, 4(1), 17–25. Retrieved from https://jurnal.polban.ac.id/index.php/an/article/download/990/1051#:~:text

Saunders, A., & Song, K. (2018). Bank monitoring and CEO risk-taking incentives. Journal of Banking and Finance, 88, 225–240. https://doi.org/10.1016/j.jbankfin.2017.12.003

Sembiring, A. I. (2021). Analisis pengaruh konsentrasi pendapatan terhadap risiko untuk perbankan yang terdaftar di Bursa Efek Indonesia. Jurnal Ilmiah Pendidikan, 1(1), 64–70. Retrieved from https://jurnalsintaksis.com/index.php/sts/article/download/28/30/96

Shair, F., Sun, N., Shaorong, S., Atta, F., & Hussain, M. (2019). Impacts of risk and competition on the profitability of banks: Empirical evidence from Pakistan. PLoS ONE, 14(11), 1–27. https://doi.org/10.1371/journal.pone.0224378

Simanjuntak, P. L., & Wibowo, B. (2019). Determinan agresivitas bank dalam pengambilan risiko: kasus Indonesia. Jurnal Manajemen, Strategi Bisnis Dan Kewirausahaan, 13(2), 223–233. Retrieved from https://doi.org/10.24843/MATRIK:JMBK.2019.v13.i02.p10

Simatupang, H. B. (2019). Peranan perbankan dalam meningkatkan perekonomian Indonesia. Jurnal Riset Akuntansi Multiparadigma, 6(2), 136–146. Retrieved from https://jurnal.uisu.ac.id/index.php/JRAM/article/view/2184

Sulistyowati, C. (2015). Pertumbuhan kredit dan tingkat keberisikoan bank. Jurnal Manajemen Indonesia, 15(2), 93–102. Retrieved from https://www.neliti.com/id/publications/95323/pengaruh-capital-adequacy-ratio-car-loan-to-deposit-ratio-ldr-biaya-operasional#

Sun, J., & Liu, G. (2014). Audit committees’ oversight of bank risk-taking. Journal of Banking and Finance, 40(1), 376–387. https://doi.org/10.1016/j.jbankfin.2013.12.015

Tumonggor, M., Murni, S., & Rate, V. P. (2017). Analisis pengaruh current ratio, return on equity, debt to equity ratio dan growth terhadap return saham pada cosmetics and household industry yang terdaftar di BEI periode 2010-2016. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 5(2), 2203–2210. Retrieved from https://media.neliti.com/media/publications/132061-ID-none.pdf

Vilia, H., & Colline, F. (2021). Pengaruh camel terhadap harga saham pada buku 4 yang terdaftar di Bursa Efek Indonesia periode 2016-2019. Jurnal Administrasi Bisnis, 17(1), 83–100. Retrieved from https://journal.unpar.ac.id/index.php/JurnalAdministrasiBisnis/article/view/4656/3410

Wanaputra, F., & Harahap, S. N. (2018). Analisis pengaruh XBRL terhadap kinerja perusahaan di India. Jurnal Ekonomi Dan Bisnis, 21(2), 219–240. https://doi.org/10.24914/jeb.v21i2.1686

DOI: https://doi.org/10.26905/ap.v10i1.11485

Refbacks

There are currently no refbacks.

Indexing by

Index Copernicus International (ICI)

Tools:

Supported By:

JURNAL AKUNTANSI DAN PERPAJAKAN

Fakultas Ekonomi dan Bisnis
Universitas Merdeka Malang

Mailing Address:

Jalan Terusan Raya Dieng 62-64 Malang
East Java, Indonesia
Phone: 085855234000
Email: akuntansi.pajak@unmer.ac.id

Username
Password
Remember me