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Corporate governance, compliance level of IFRS disclosure and value relevance of accounting information – Indonesian evidence
Journal of International Studies Pub Date : 2020-06-01 , DOI: 10.14254/2071-8330.2020/13-2/14
Krismiaji Krismiaji , Surifah Surifah

This paper discusses the results of empirical research that investigates the effect of corporate governance (CG) and the level of compliance with mandatory disclosure of the International Financial Reporting Standards (IFRS) on the quality of accounting information produced by Indonesian companies. The research covers five years after full implementation of IFRS, namely from 2013 to 2017. The quality of information is proxy by using value relevance of accounting information which is measured by the Ohlson Price Model. The level of compliance of the IFRS disclosures is measured using the disclosure index (DIND) and CG is proxy by board independence (BIND), board size (BSIZE), audit committee independence (ACIND), audit committee size (ACSIZE), and management ownership (MAN). This study find that DIND and BSIZE have a positive effect on the value relevance of accounting information, both EPS and BVS, while BIND, ACIND, and MAN negatively affect the value relevance of EPS but have a positive effect on the value relevance of BVS. ACSIZE has a positive effect on the value relevance of EPS but also a negative effect on the value relevance of BVS. These results further justify the inconsistency of the results of previous studies that link IFRS adoption and the quality of accounting information by including compliance level variables to test the quality (relevant value) of accounting information produced by Indonesian companies.

中文翻译:

公司治理,IFRS披露的合规水平以及会计信息的价值相关性–印尼证据

本文讨论了实证研究的结果,该实证研究调查了公司治理(CG)的影响以及对印度尼西亚公司产生的会计信息质量的国际财务报告准则(IFRS)强制披露的遵守程度。该研究涵盖了IFRS全面实施后的五年,即从2013年到2017年。信息质量通过使用由奥尔森价格模型测得的会计信息的价值相关性来代表。IFRS披露的合规水平使用披露指数(DIND)进行衡量,CG通过董事会独立性(BIND),董事会规模(BSIZE),审计委员会独立性(ACIND),审计委员会规模(ACSIZE)和管理层来代表所有权(MAN)。这项研究发现,DIND和BSIZE对会计信息的价值相关性(EPS和BVS均具有正影响),而BIND,ACIND和MAN则对EPS的价值相关性具有负影响,但对BVS的价值相关性具有正影响。ACSIZE对EPS的价值相关性有正面影响,但对BVS的价值相关性也有负面影响。这些结果通过包括合规性水平变量以测试印尼公司生产的会计信息的质量(相关价值),进一步证明了先前研究将IFRS采用与会计信息质量联系起来的结果不一致。ACSIZE对EPS的价值相关性有正面影响,但对BVS的价值相关性有负面影响。这些结果通过包括合规性水平变量以测试印尼公司生产的会计信息的质量(相关价值),进一步证明了先前研究将IFRS采用与会计信息质量联系起来的结果不一致。ACSIZE对EPS的价值相关性有正面影响,但对BVS的价值相关性也有负面影响。这些结果通过包括合规性水平变量以测试印尼公司产生的会计信息的质量(相关价值),进一步证明了先前研究将IFRS采用与会计信息质量联系起来的结果不一致。
更新日期:2020-06-01
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