PERBANDINGAN TINGKAT DAN RUANG LINGKUP PENGUNGKAPAN PELAPORAN KEUANGAN BASIS INTERNET TERHADAP HARGA SAHAM

Emrinaldi Nur DP, Enny Susilowati

Abstract


Applications of Internet financial reporting (IFR) by companies have reduced the asymmetry of information
and facilitate investor access to corporate information. IFR application is considered a good news that allegedly
able to influence the market by watching the stock price, the value of stocks and abnormal stock returns.
The purpose of this study was to observe the practice of IFR influence on stock prices by making comparisons
against companies that do not apply to IFR and comparison of the company with defferent degree and scope of
disclosure. The study was conducted on the companies included in the index compass 100 and tested using
event study approach and independent sample t-test between two groups of samples. Results of tests performed
showed no difference between the market reaction to the company and which do not apply IFR. There is also a
difference in price saha and stock value for the company with the different degree and scope of IFR disclosure,
while the abnormal returnnya got no support.

Keywords


abnormal return, disclosure, Internet Financial Reporting, market reaction

Full Text:

pdf

References


Aly, D., Simon, J., & Hussainey, K. 2009. Determinant of Corporate Internet Reporting: Evidence from Egypt. Managerial Auditing Journal, 25(2): 182-202.

Beaver, W.H. 1968. The Information Content of Annual Earning Annoucements. Journal of Accounting Research, 6(1): 67-92

Dordevic, B., Dordevic, M., & Stanujkic, D. 2012. Investor Relations on The Internet: Analysis of Companies on The Serbian Stock Market. Economic Analysis, LVII(193): 113-135.

Ettredge, M., Richardson, V. J., & Scholz, S. 2002. Dissemination of Information for Investors at Corporate Web sites. Journal of Accounting and Public Policy, 21: 357-369.

Hartono, J. 2015. Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.

Hossain, M., Momin, M.A., & Leo, S. 2012. Internet Financial Reporting and Disclosure By Listed Companies: Further Evidence From an Emerging Country. Corporate Ownership & Control, 9(4): 351-366.

Lai, S-C., Lin, C., Lee, H-C., & Wu, F.H. 2010. An Empirical Study of the Impact of Internet Financial Reporting on Stock Prices. International Journal of Digital Accounting Research, 10(1): 1-26.

Lymer, A., 1999. The Internet and the Future of Corporate Reporting in Europe. The European Accounting Review, 8(2): 289-301.

Mensah, B. K.A. 2012. Corporate Financial Reporting: Firm Characteristic and The Use of Internet as a Medium of Communication By Listed Firms in Ghana. African Journal of Business Management, 6(6): 2299-2309.

Oyelere, P., Laswad, F. and Fisher, R. 2003. Determinants of Internet Financial Reporting by New Zealand Companies. Journal of International Management and Accounting, 14(1): 25-29.

Perera, H.B., Rahman, A.R., & Cahan, S.F. 2003. Globalization and The Major Accounting Firms. Australian Accounting Review, 13(1): 27-38.




DOI: https://doi.org/10.26905/jkdp.v19i2.847

Refbacks

  • There are currently no refbacks.


Bookmark and Share


Jurnal Keuangan dan Perbankan (Journal of Finance and Banking)

Diploma Program of Banking and Finance, Faculty of Economics and Business, University of Merdeka Malang

Published by University of Merdeka Malang

Mailing Address:
2nd floor Finance and Banking Building, Jl. Terusan Raya Dieng No. 57 Malang, East Java, Indonesia
Phone: +62 813-3180-1534
Email: jkp@unmer.ac.id

This work is licensed under a Creative
Commons Attribution-ShareAlike 4.0