Pengaruh Corporate Governance Terhadap Luas Pengungkapan Integrated Reporting dan Implikasinya terhadap Nilai Perusahaan
Abstract
The objective of this study is to analyze the effect of corporate governance on the extent of integrated reporting (IR) disclosure and its implications for corporate value in public companies for the 2017-2018 period. Corporate governance is proxied by the proportion of independent commissioners, audit committee expertise, frequency of audit committee meetings, institutional ownership, and foreign ownership.The results showed a significant positive effect on the frequency of audit committee meetings on IR disclosure area. Meanwhile, there is no influence of the proportion of independent commissioners, audit committee expertise, institutional and foreign ownership on the extent of IR disclosure. Other findings also reveal that there is no influence of IR disclosure on corporate value. For managers, this research implies IR disclosure to improve company performance. For investors, IR are expected to help in making investment decisions.
Keywords: Integrated Reporting; Corporate Governance; Corporate Value.
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References
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Adams, S., & Simnett, R. (2011). Integrated Reporting: An Opportunity for Australia’s Not-for-Profit Sector. Australian Accounting Review, 21(3), 292–301. https://doi.org/10.1111/j.1835-2561.2011.00143.x
Ahmad, R. (2017). Pengaruh Struktur Corporate Governance terhadap Tingkat Keselarasan Laporan Tahunan dengan Rerangka Integrated Reproting (Universitas Negeri Yogyakarta). Retrieved from http://www.albayan.ae
Ajija, S. R., Sari, D. W., Setianto, R. H., & Primanti, M. R. (2011). Cara Cerdas Menguasai EViews. Jakarta: Salemba Empat.
Akhtaruddin, M., & Haron, H. (2010). Board Ownership, Audit Committees’ Effectiveness, and Corporate Voluntary Disclosures. Asian Review of Accounting, 18(1), 68–82. https://doi.org/10.1108/13217341011089649
Baatwah, S. R., Salleh, Z., & Ahmad, N. (2013). Whether Audit Committee Financial Expertise Is the Only Relevant Expertise: A Review of Audit Committee Expertise and Timeliness of Financial Reporting. Issues in Social and Environmental Accounting, 7(2), 86–101.
Busco, C., Frigo, M. L., Quattrone, P., & Riccaboni, A. (2013). Redefining Corporate Accountability through Integrated Reporting. Strategic Finance, 33–41.
Chariri, A., & Januarti, I. (2017). Eksplorasi Elemen Integrated Reporting dalam Annual Reports Perusahaan di Indonesia. Jurnal Akuntansi, 21(3), 411–424. https://doi.org/10.24912/ja.v21i3.245
Churet, C., & Eccles, R. G. (2014). Integrated Reporting, Quality of Management, and Financial Performance. Journal of Applied Corporate Finance, 26(1), 8–16. https://doi.org/10.1111/jacf.12054
Cohen, J. R., Holder-Webb, L. L., Nath, L., & Wood, D. (2012). Corporate Reporting of Nonfinancial Leading Indicators of Economic Performance and Sustainability. Accounting Horizons, 26(1), 65–90. https://doi.org/10.2308/acch-50073
Cortesi, A., & Venay, L. (2019). Disclosure Quality under Integrated Reporting: A Value Relevance Approach. Journal of Cleaner Production, 220(20), 745–755. https://doi.org/10.1016/j.jclepro.2019.02.155
Dosinta, N. F., Brata, H., & Heniwati, E. (2018). Haruskah Value Creation Hanya Terdapat Pada Integrated Reporting? Jurnal Akuntansi Multiparadigma, 9(2), 248–266. https://doi.org/10.18202/jamal.2018.04.9015
Frias-Aceituno, J. V, Rodriguez-Ariza, L., & Garcia-Sanchez, I. M. (2013). The Role of the Board in the Dissemination of Integrated Corporate Social Reporting. Corporate Social Responsibility and Environmental Management, 20(4), 219–233. https://doi.org/10.1002/csr.1294
Haji, A. A. (2015). The Role of Audit Committee Attributes in Intellectual Capital Disclosures : Evidence from Malaysia. Managerial Auditing Journal, 30(8/9), 756–784.
Haji, A. A., & Anifowose, M. (2016). Audit Committee and Integrated Reporting Practices: Does Internal Assurance Matter. Managerial Auditing Journal, 31(8/9). https://doi.org/10.1108/MAJ-10-2016-1464
Hermalin, B. E., & Weisbach, M. S. (1988). The Determinants of Board Composition. RAND Journal of Economics, 19(4), 589–606. https://doi.org/10.2307/2555459
IIRC. (2013). The International IR Framework.
Indrawati, N., Darlis, E., & Azhar, A. (2017). The Accuracy of Earning Forecast Analysis , Information Asymmetry and Integrated Reporting – Case of Indonesia. Jurnal Dinamika Akuntansi Dan Bisnis, 4(1), 19–32.
Indrawati, N., Darlis, E., & L., A. A. (2017). The Accuracy of Earning Forecast Analysis, Information Asymmetry and Integrated Reporting–Case of Indonesia. Jurnal Dinamika Akuntansi Dan Bisnis, 4(1), 19–32. https://doi.org/10.24815/jdab.v4i1.5843
Jeroe, A. S. (2016). Integrated Reporting, Non-Financial Information and Financial Performance. Erasmus University Rotterdam.
Lipunga, A. M. (2015). Integrated Reporting in Developing Countries: Evidence from Malawi. Journal of Management Research, 7(3), 130–156. https://doi.org/10.5296/jmr.v7i3.7195
Lisic, L. L., Neal, T. L., Zhang, I. X., & Zhang, Y. (2015). CEO Power , Internal Control Quality , and Audit Committee Effectiveness in Substance Versus in Form. Contemporary Accounting Research, 33(3), 1–39. https://doi.org/10.1111/1911-3846.12177
Nindiasari, A. D. (2018). Atribut Corporate Governance dan Voluntary Disclosure. Universitas Islam Indonesia.
Novaridha, I. A. (2017). Pengaruh Kepemilikan Institusional, Ukuran Perusahaan dan Profitabilitas terhadap Elemen-Elemen Integrated Reporting. Jurnal Online Mahasiswa Fakultas Ekonomi, 4(1), 3399–3411.
Nurrahman, A., & Sudarno. (2013). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, dan Kepemlikan Asing terhadap Praktik Pengungkapan Sustainability Report. Diponegoro Journal of Accounting, 2(1), 1–13.
Ponnu, C. H. (2008). Corporate Governance Structures and the Performance of Malaysian Public Listed Companies. International Review of Business Research Papers, 4(2), 217–230.
PwC. (2012). Integrated Reporting: The Future of Corporate Reporting. https://doi.org/10.1057/978-1-137-52766-0_21
RMOL. (2012). Kasus Bakrie dan Sumalindo di Pasar Modal Akibat Ketiadaan Transparansi. Retrieved November 23, 2019, from https://ekbis.rmol.id/read/2012/12/17/90339/
Rouf, A. (2011). Corporate Characteristics, Governance Attributes and the Extent of Voluntary Disclosure in Bangladesh. African Journal of Business Management, 5(19), 7836–7845. https://doi.org/10.5897/AJBM10.1180
Serafeim, G. (2015). Integrated Reporting and Investor Clientele. Journal of Applied Corporate Finance, 27(2), 34–52. https://doi.org/10.1097/FCH.0000000000000187
Suttipun, M. (2017). The Effect of Integrated Reporting on Corporate Financial Performance: Evidence from Thailand. Corporate Ownership and Control, 15(1), 133–142. https://doi.org/10.22495/cocv15i1art13
Tamba, E. G. H. (2011). Pengaruh Struktur Kepemilikan terhadap Pengungkapan Tanggung Jawab Sosial Perusahaan. Universitas Diponegoro Semarang.
Utami, K. (2016). Disclosure dan Cost of Capital : Implementasi Integrated Reporting di Asia Pasifik. Simposium Nasional Akuntansi, 19, 1–23.
Wulandari, N. P. Y., & Budiartha, I. K. (2014). Pengaruh Struktur Kepemilikan, Komite Audit, Komisaris Independen Dan Dewan Direksi Terhadap Integritas Laporan Keuangan. E-Jurnal Akuntansi Universitas Udayana, 7(3), 574–586.
Wulandari, P. A., & Kiswanto. (2016). Mekanisme Corporate Governance terhadap Kinerja Lingkungan dengan Profitabilitas sebagai Mediator. Accounting Analysis Journal, 5(1), 1–10.
Zaman, R., Bahadar, S., Kayani, U. N., & Arslan, M. (2018). Role of Media and Independent Directors in Corporate Transparency and Disclosure: Evidence from an Emerging Economy. Corporate Governance: The International Journal of Business in Society. https://doi.org/10.1108/CG-01-2018-0042
Published
2020-03-14
How to Cite
MANDALIKA, Lucky; HERMANTO, Hermanto; HANDAJANI, Lilik.
Pengaruh Corporate Governance Terhadap Luas Pengungkapan Integrated Reporting dan Implikasinya terhadap Nilai Perusahaan.
E-Jurnal Akuntansi, [S.l.], v. 30, n. 3, p. 556-570, mar. 2020.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/54968>. Date accessed: 14 nov. 2024.
doi: https://doi.org/10.24843/EJA.2020.v30.i03.p01.
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