Selasa, 25 Agustus 2015

JAAI VOLUME 17 NO 1, JUNI 2013


Anastasia Susty Ambarriani
Accounting Department, Faculty of Economics
Universitas Atmajaya Yogyakarta

Abstract
The objective of the study is to find evidence concerning the use of management accounting information in hospital. Specifically, the aim of the research is to find out whether managers who are responsible to financial and accounting matters have adequate management accounting knowledge. The research surveyed hospitals in Central Java and Yogyakarta, both private and public hospitals. Respondents of the research are financial and accounting managers and decision maker managers. In-dept intreviews and questionaire are used to get the data. The result of the research shows that financial and accounting managers in hospitals have less adequate competency in their field so that they do not provide management accounting information to decision maker managers as managerial tools. Financial and accounting managers’ role in hospital is only for preparing a budget and financial report. Instead of using interactive style, top managers use diagnostic style. In addition, this study finds that there is a significant effect between accounting and financial managers’ competency and manager’s control style.

Keywords: managers’ knowledge, management accounting information, diagnostic control style, interactive control style.



Johan Arifin, 
Universitas Islam Indonesia, Curtin University Perth Australia

Greg Tower 
Curtin University, Perth Australia

Stacey Porter 
Curtin University, Perth Australia


Abstract

This study investigates the level of fiscal policy disclosure within financial statements of Indonesian local governments. Indonesia is a developing country that has recently undergone major state financial reform. Isomorphic institutional theory is adopted as the underlying theoretical framework. There is a high level of communication as measured by the Fiscal Policy Compliance Index (81.2%). Regression analysis shows that the coercive isomorphism variable, measured by number of parliamentarians, is positive and statistically significant predictor of the extent of fiscal policy disclosure. Local governments that have more parliamentarians in their jurisdiction communicate more extensively. In addition, the age of local governments and financial independence variables affect the extent of fiscal policy disclosure in Indonesian local governments.

Keywords: financial statement, fiscal policy disclosure, developing countries.



Muqodim
Universitas Islam Indonesia

Joko Susilo
Universitas Islam Indonesia

Abstract

This study aims to explore the issue of Triple Bottom Line Reporting in Indonesian companies. The method used in this study is a content analysis. Preliminary data obtained through databases which presents the annual report for 2010 and 2011 of the companies listed in Indonesia Stock Exchange. Statistical test used in this study include descriptive statistical tests, McNemar test, chi-square test and Wilcoxon matched-pairs test.Results of the study indicated that in 2010, 72 % companies report social and environmental performance while in 2011, 77 % companies reports those information. However, from the perspective of GRI reporting standard, the data showed that environmental and social performance information has not been fully reported.

Keywords: Triple Bottom Line Reporting, environmental performance, social performance.



Nurofik
Sekolah Tinggi Ilmu Ekonomi YKPN Yogyakarta

Abstract

This paper investigates decisions to disclose Corporate Social Responsibility (CSR) at the level of individual decision maker by applying the theory of planned behavior. 138 Indonesia Stock Exchange (IDX) listed companies’ annual reports for 2007 and 2008 financial years are examined. Questionnaires were sent to these companies. The findings of this research indicate that CSR disclosure is influenced by the intentions to disclose the CSR and perceived behavioral control over the disclosure of CSR. The intentions to disclose the CSR are significantly influenced by attitude towards to CSR disclosure, subjective norms of the CSR disclosure, and perceived behavioral control over the CSR disclosure.

Keywords: corporate social responsibility disclosure, behavioral intentions, attitude towards the behavior, subjective norms, perceived behavioral control.



Rusman Soleman
Fakultas Ekonomi, Universitas Khairun Ternate

Abstract

The study aimed to exam the effect of internal control and good corporate governance on fraud prevention. There are 72 Local Government SKPD North Maluku Province used as the unit of research and serve as a sample of respondents is 144 people with using a non purposive random sampling. Data obtained from interviews using questionnaires. Corfirmatory Factor Analysis showed indicators X1, X2, and Y has good validity and reliability. The results of this study demonstrated that: 1) internal control positive effect on fraud prevention, 2) internal control positive effect on good corporate governance; and 3) good corporate governance positive effect on fraud prevention. Therefore, this study proposes to the Government throughout the province of North Maluku regency / city to design a comprehensive system of internal control in order to preventive fraud, and leaders must set priorities, coordinate strategy and communication it to the rest of management and staff.

Keywords: Internal Control, Good Corporate Governance, and Fraud Prevention.



Tarmizi Achmad & Faisal
Department of Accounting – Diponegoro University, Semarang

Abstract

Using multi lens theoretical framework, this paper investigates the determinants of corporate community contributions in the Indonesian companies setting. Based on a sample of 41 public companies and using data pooled from 2008 through 2011(143 observations), the study finds that corporate community contributions are positively associated with variables relating to ownership and industry type. Further, the results indicate that high profile industries and state-owned enterprises (SOEs) have higher propensity to involve in community contributions. This paper contributes to provide a better understanding related to factors influencing community contributions. This paper is the first of its kind to investigate community contributions in Indonesia.

Keywords: community contributions, ownership, industry, stakeholder, legitimacy, Indonesia

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JAAI VOLUME 16 NO. 2, DESEMBER 2012


Rina Trisnawati
Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta

Abstract

Corporate Social Responsibility (CSR) disclosure research conducted in Islamic bank mostly used Islamic Social Reporting (ISR) index. Finding of the research indicates that score of CSR disclosure in Islamic bank is very low (30%-40%). Accordingly, this research is designed developing new measurement based on ISR index and Global Reporting Initiative (GRI) index. The sample used in the study are 5 Islamic banks listed in Indonesian Stock Exchange which have annual report and other CSR reporting based on their website during 2009-2011 periods. Content analysis and decomposition analysis are used as data analysis. The results showed that convergence of GRI index and ISR index should be done on certain indicators such as employment, governance, economics, and product-services responsibility. The decomposition analysis showed that the new measurement have 90 items with 10 indicators. Hopefully, these results have contribution for CSR disclosure, especially in Islamic banks in Indonesia.

Keywords: Corporate Social Responsibiliy, GRI, ISR, disclosure



Kiky Srirejeki
Universitas Islam Indonesia

Abstract

Using an experiment, this study examine whether involvement in the selection of strategic initiatives can mitigate the effecs of motivated reasoning which occur when the assessment conducted by group evaluation system rather than merely done by individual. On the psychological research, motivated reasoning occur when managers evaluate and interprete data consistent with their preferences so that they will tend to summarize their conclusion consistent with their desired conclusions. The results of this study indicate that the managers who are involved in the selection of strategic initiatives will provide different support by giving more points on the successes of the strategy than managers who are not involved in the selection of strategic initiatives. However, results suggest further that group evaluation system is not sufficient to mitigate the bias of motivated reasoning. 

Keywords: Balanced Scorecard, Involvement, Group Evaluation System, Motivated Reasoning, Initiative Strategic Assessment. 



Jatiningrum
Magister Sains of Accounting of Gadjah MadaUniversity

Indra Bastian
Gadjah Mada University

Abstract

This study is an effort to preparing the emergy balance sheet and the emergy surplus-deficit report and also presenting the results of emergy indices analysis to accommodate all the natural resources that produce energy that is owned and controlled by the Provincial Government of Provinsi Daerah Istimewa Yogyakarta in the period 2006-2010. Further development of the analysis method presented in this report will enable policy-makers, in this case the Provincial Government of Provinsi Daerah Istimewa Yogyakarta (DIY), as the first complete and worth examination between economic and environmental accounting data before making a decision regarding the policy on natural resources, energy, and the environment. 

Keywords: emergy, the emergy balance sheet and the emergy surplus-deficit report, emergy index, natural resources.



Imam Subekti
Universitas Brawijaya

Abstract

The present research investigates the usefulness of the primary accounting information, i.e. earnings, and book value, provided by firms listed at Indonesia Stock Exchange (IDX). The present research finds that the value relevance of earnings and book value is smaller for firms affiliated with business groups than single firms. The evidence is consistent with the view that poor quality of accounting information provided by group firms is due to the inherently poor governance structure of the group firms in Indonesia. The result of present research also shows that institutional equity ownership (a proxy for monitoring effect) positively affects the value relevance of accounting information. Another result reveals that there is a shifting value relevance from earning to book value. Value relevance of earnings have declined over time. On the otherhand, value relevance of book value has inclined. 

Keywords: value relevance, ownership structure, and grouping firm business.



Fajar Baihaqy 
Fakultas Ekonomi Universitas Islam Indonesia

Hadri Kusuma 
Fakultas Ekonomi Universitas Islam Indonesia

Abstract

Through the Auditing Standard Statement (PSA) No. 70, the Indonesian Institute of Accountants (IAI) requires external accountants to consider frauds at the time of auditing financial statements. For this purpose, IAI adopts the Statement on Auditing Standard No. 99 (SAS No. 99). This study aims to (1) examine whether fraud indication SAS No. 99 which referes to the concept of fraud triangle can be used for detecting financial statement frauds in Indonesia, (2) examine whether demographic factors such as experiences, educational degrees, educational backgrounds, gender, and training experiences influence the perception differences among accountants in using fraud indications for detecting financial statement frauds. Among the 127 completed questionnaires that we received, it could be concluded that, from the 42 fraud indications, 10 indications occured because of pressures, 12 indications occured because of opportunities, and 11 indications because of rationalizations which could be used for detecting frauds. The results also suggest that demographic factors such as accountant type, experiences, educational levels, educational backgrounds, and training significantly influence the differences in the perceptions among accountants on the fraud indications. Gender factor, however, does not differ accountants’ perceptions. Several implications are also discussed in the last section of this paper.

Keywords: Fraud, pressure, opportunity, education and accountants.



Nur Cahyonowati
Universitas Diponegoro

Abstract

This research examines the economic consequence of IFRS adoption in Indonesia. IFRS adoption is predicted to increase audit fee. This research found that audit fee has increased significantly on the pre and post period of IFRS adoption. Furthermore, this research suggested that audit complexity is more likely to be considered as the predictor of audit fee rather than of litigation risk. The firm size, a proxy for audit complexity, is found to be significant predictor for audit service.

Keywords: audit fee, audit complextity, litigation risk. 

Abstrak

Penelitian ini menguji konsekuensi ekonomi dari adopsi IFRS di Indonesia. IFRS adopsi diprediksi akan meningkatkan biaya audit. Penelitian ini menemukan bahwa biaya audit telah meningkat secara signifikan pada pra dan pasca adopsi IFRS. Selain itu, penelitian ini menyarankan bahwa kompleksitas audit lebih mungkin dianggap sebagai prediktor biaya audit dibandingkan dengan risiko litigasi. Ukuran perusahaan, proksi untuk kompleksitas audit, ditemukan menjadi prediktor yang signifikan untuk layanan audit. 

Kata kunci: biaya audit, kompleksitas audit, risiko litigasi.



Bambang Saputra
STIE Madani Balikpapan

Mahmudi
Fakultas Ekonomi Universitas Islam Indonesia

Abstract

This research is intended to examine the influence of fiscal decentralization on economic growth and social welfare. Research sample are regencies/municipalities by province in Indonesia except DKI Jakarta, employing secondary data from Indonesia Central Bureau of Statistic within the period of 2005 up to 2008. Data analysis is conducted by using path analysis with AMOS program software. The results of this study indicate that, first, fiscal decentralization has a negative and significant effect on economic growth. Second, economic growth has a positive and significant effect on social welfare. Third, fiscal decentralization has a positive and significant effect on social welfare. 

Keywords: fiscal decentralization, economic growth, social welfare, local government.

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JAAI VOLUME 16 NO 1, JUNI 2012


Rusmin
Fakultas Bisnis dan Teknologi Informasi
Universitas Teknologi Yogyakarta

Abstract

This study extends previous research by empirically investigating the relationship between internal governance monitoring mechanisms and the probability of receiving a qualified audit report. Corporate governance monitoring devices are measured using five alternative proxies: board size, board independence, audit committee size, audit committee independence, and audit committee meeting frequency. The analysis of logistic regression is conducted to test the hypotheses proposed for this study. Using a sample of 121 Australian manufacturing companies listed on the Australian Stock Exchange (ASX), this study adds to the growing body of literature that documents the importance of boards and audit committees’ role in monitoring management behavior. This study finds smaller size board of directors appear to more effective than large size boards. In addition, audit committee independence improves the quality of financial reporting leading to receive a clear audit opinion. In regard to control variables, this study provides evidence that Leverage and ROI are important variables in explaining the auditors’ propensity to qualify their opinions. Particularly, the study finds a positive (negative) and highly significant (at p<0.01) association between both Leverage (ROI) and the possibility of receiving qualified audit reports. This has significant implications for companies that are moving towards a more regimented corporate governance structure to enhance the quality of financial reporting.

Keywords: Qualified audit opinion, internal governance monitoring mechanisms, Australian companies



Ietje Nazaruddin
Universitas Muhammadiyah Yogyakarta

Abstract

This study examines the influence of religiosity and ethical ideology on moral reasoning. This study also examines the effect of personal moral philosophies and moral reasoning on ethical judgment of earnings management behavior. Cognitive moral development theory used to explain ethical behavior of earnings management. The respondents were the students of the graduate program executive (management and accounting) and accounting professions programs, who has held positions within the company. Data collection using the survey data gathered as many as 278 of 1500 questionnaires distributed, and used in data analysis total of 261. Validity and reliability testing conducted prior to examine the relationship between variables using structural equation model. The results showed that the level of religiosity affect the idealism and moral reasoning. Moral reasoning, idealism and relativism affect the ethical behavior of earnings management. However, found no evidence of the influence of religiosity on individual relativism.

Keywords: religiosity, moral reasoning, personal moral philosophies, earnings management, cognitive moral development.



Merry Katili Sastro Sarunggalo & Sylvia Veronica Siregar
Fakultas Ekonomi, Universitas Indonesia

Abstract

This research investigates the relationship between investment opportunity and audit quality and also the effect of audit quality on the relationship between investment opportunity and earning management. Our sample consist of 463 firm-years observations of listed firms during 2007-2009. This research uses logistic regression and multiple regressions. The result indicates that investment opportunity has significant positive association with audit quality (measured using auditor size). Our study also find that audit quality (industry-specialist auditor) can lessen the positive effect of investment opportunity on earnings management. 

Keywords: investment opportunity, audit quality, auditor size, industry-specialist auditor, earnings management 



Antonius Herusetya
Universitas Pelita harapan

Abstract

The purpose of this study is to examine the impact of audit quality on ex-ante cost of equity capital of public listed companies in The Indonesia Stock Exchange (IDX). Audit quality is measured by the size (Big 4) and industry specialization of CPA firm. Previous literatures found that higher audit quality could minimize ex-ante cost of equity capital. With the sample of 288 firm years panel data of public listed companies in IDX, we found contrary result of positive impact of audit quality proxied by CPA firm affiliated with the Big 4 on the ex-ante cost of equity capital. On the other hand, we found evidence of a negative impact of the industry specialization of CPA firm on the ex-ante cost of equity capital, expecially for the smaller firms. Our alternative explanation for these findings are investors do not perceive Big 4 as having a higher audit quality compared to non Big 4, and rely on other reliable information to reduce the information risk in their investment decisions.

Keywords: cost of equity capital, audit quality, Big 4, industry specialization, price to earnings growth (PEG)



Atika Jauharia Hatta
STIE YKPN Yogyakarta

Abstract

This research aims to investigates the statistical relationship between macroeconomic variables and stock market return in Indonesia. The sample consist of 58 observations from Indonesian Stock Exchange data in 1990 until 2004. The reason for using the data because in 1997 in Indonesia there is a structural break data caused by economic crisis. The contribution of this paper is that it using Zivot-Andrews unit root testing for accommodates the structural break of data. The regression analysis, using Engle-Granger and Gregory-Hansen for the co-integration testing shows that only output and exchange rate influence the long run equilibrium relationship of stock return. The error correction model also has the same result as the co integration testing.

Keywords: long run equilibrium, stock return, macroeconomic variable, co-integration, error correction model.



Diantika Pharamitha
Alumni Fakultas Ekonomi Universias Islam Indonesia

Arief Bahtiar
Fakultas Ekonomi Universitas Islam Idonesia

Abstract

This study examines the usefulness of accounting and market information on CEO turnover issues in Indonesia. All firms that did turnover (either routine or non routine) for their company’s top management level during 2000-2008 were examined. The result of the test shows that both accounting and market information have significant effect to CEO turnover. Current ratio, debt to equity ratio, and ROE have significant effect to turnover decision, but total assets, total sales, ROA, and earnings do not affect the turnover. The result of test for market data shows that market risk has significant positive effect while performance of market price does not. From the result of paired t-test samples, it is found that accounting information and stock price before turnover are not significantly different to them after turnover, but market risk significantly decreases after the turnover. These findings reveal a positive response to the changing market. Finally, it is concluded that the better performance of both information (accounting and market) will tend to make the CEO to be sustained and the worse performance of both will tend to make the CEO to be replaced (down position or enter to the board of commissioners) or fired. 

Keywords: CEO Turnover, Accounting Performance, Market Performance, Antecedence, Consequences.



Anggit Senja Nugraha
PT. Bank Negara Indonesia Tbk

Sigit Handoyo
Fakultas Ekonomi Universitas Islam Indonesia

Abstract

This research is aimed to know the effect of commitment, sensitivity ethics in behavior and experiences to the independence of auditor. The sample of this research is taken from the auditors who work in accounting firms in Yogyakarta. The collected data are analyzed by using regression. The result of this research shows that commitment has a positive significant relationship with the independence of auditor. Furthermore a positive significant relationship is showed between sensitivity ethics in behavior and experiences to independence of auditor.

Keywords: Auditing, commitment, sensitivity ethics in behavior and experience, independence of auditor.

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JAAI VOLUME 15 NO 2, DESEMBER 2011


Rosalita Rachma Agusti & Aulia Fuad Rahman
Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Abstract

Value relevance of accounting information is influenced by both financial and non financial factors. The objective of this research is to assess the impact of Corporate Social Responsibility (CSR) disclosure on value relevance of accounting information’s, i.e. earnings and book value. This research also investigates the different effect of CSR disclosure on value relevance of earnings and book value between firms that have independent board of directors and those that do not have one. The result shows that earnings and book value have value relevance. Further, CSR disclosure has negative impact on the value relevance of earnings but positive impact on the value relevance of book value. The result from Chow test shows that there is different impact of CSR disclosure on the value relevance of earnings and book value between firms that have independent board of directors and those that do not have it.

Keywords: Value relevance, earnings, book value, CSR disclosures, independence board of directors



Ertambang Nahartyo
Fakultas Ekonomika dan Bisnis Universitas Gadjah Mada

Abstract

This paper contains a description on the controversy surrounding the use of deception in the field of research using experimental designs. Deception is one form of manipulation which has at least two important implications: methodological and ethical. Two important questions are raised: firstly, whether deception threatens the validity of the experimental results and secondly, how far deception can degrade the dignity of human beings as experimental subjects. The analysis begins with some background of the controversial research, followed by the definitions of deception by experts, a review of the ethical and methodological aspect of deception, and then the topic concerning management of deception in the research. The explanation continues with the use of deception in the field of economics and business research. Finally, This article ends with a conclusion which explains the advantages and disadvantages of deception. 

Keywords: deception, experimental research, research ethics.



Didi Achjari
Fakultas Ekonomika dan Bisnis Universitas Gadjah Mada

Willy Abdillah
Fakultas Ekonomi Universitas Bengkulu

Sri Suryaningsum
Fakultas Ekonomi UPN Veteran Yogyakarta

Suratman
Mahasiswa Program Doktor
Fakultas Ekonomika dan Bisnis Universitas Gadjah Mada

Abstract

Information technology adoption can be seen from the perspective of user readiness. This study aims to examine relationship between Micro, Small and Medium Enterprises (MSME’s) technology readiness to adopt information technology (IT) in the context of creative industries. Research model is developed upon the Technology Acceptance Model (TAM) and Technology Readiness Index (TRI). Purposive sampling technique was employed to select respondents. Data were administered using questionnaire survey and were analyzed using Partial Least Square (PLS) technique. In general, the results suggest that creative industry MSME’s are ready to adopt IT. It is indicated by the influence of positive TRI (optimism and innovativeness) on perceived usefulness and perceived ease of use and negative TRI (insecurity) on perceived ease of use. In addition, perceived ease of use and perceived usefulness also positively affect on the intention to use IT. However, this study finds that negative TRI (inconvenience and insecurity) does not negatively influence perceived usefulness. Hence, iinconvenience does not negatively influence perceived ease of use. It is suggested that inconvenience and insecurity are main issues of IT adoption’s inhibitor. Implications for stakeholders and further research are discussed.

Keywords: Technology Readiness Index, Technology Acceptance Model, MSME Industry, Special Province of Yogyakarta.



Nur Cahyonowati
Fakultas Ekonomi Universitas Diponegoro

Abstract

This research aims to analyze personal tax compliance and its affecting factors. It is motivated by the current condition of Indonesian taxation system compared to other ASEAN countries i.e. lower tax income, lower tax ratio and tax coverage ratio. The government of Indonesia has maintained tax campaign to increase tax compliance but its effectivesness has not been examined yet. This research argues that government must consider behavioral theory and scientific method to develop effective tax policy for personal tax payer. The research analyzes 232 personal tax payers in Semarang city by doing field survey. Societal and economic or deterrence variables are used to predict tax morale, in which tax morale will determine tax compliance. The results suggested that tax morale is not coming from internal motivation but it is more enfornced by external factor such as high tax fine. Higher tax fine will lead to the decreasing degree of tax morale, however, a tax payer is still willing to pay tax because they avoid adding more expenses by tax fine. This research also finds that the degree of tax morale determine tax compliance. Finnally, this research concludes that Indonesia has enforced tax compliance (not voluntary tax compliance), means that tax audit and fine must be managed intensively. The government needs to increase voluntary tax compliane by fixing and building trust in law and tax regulation. 

Keywords: tax morale, tax compliance, personel tax payer, societal variable, deterrence variable.



Deviana Dewi Larasati & Syamsul Hadi
Universitas Islam Indonesia Yogyakarta

Abstract

Corporate Social Responsibility (CSR) is a mandatory activity according to Indonesian regulation, but this regulation did not mention what kind of activity that should be done by a company. This research aim is to know how far company's financial condition affect to the CSR disclosure. Profitability, company size, liquidity, company status and leverage were taken as a proxy of company's financial condition. This research proved profitability, company size, company status and leverage hypothesis; but could not proved on liquidity hypoyhesis. Unexpected result was on liquidity that has a negative effect. 

Key word: Profitability, company size, company status, liquidity, leverage, CSR disclosure.



Arief Rahman
Universitas Islam Indonesia

Abstract

This research paper aims to evaluate the implementation of e-government system provided by local governments in Indonesia. Using qualitative method based on field study, the research took place in Sleman regency and Tulungagung regency. Furthermore, the research investigates the experience, response, feedback and impression of the e-government system’s users, particularly online registration. Semi-structured interviews were conducted with 12 informants representing some demographic characteristics, such as region, gender, residential place and age group. The results show that e-government implementation is successful because the users are satisfied and feel the benefits of the system. However, the results also reveal that some strong strategic efforts should be done in order to improve the quality and the success of the system in the future. The research is significant for scholars to understand the development of e-government in the developing countries as well as the theoretical framework to evaluate e-government system success. For the local governments, this research contributes to the improvement of e-government system quality. 

Keywords: e-government, the success of the evaluation system, local government, qualitative methods, semi-structured interviews.



Jaka Isgiyarta
Fakultas Ekonomi Universitas Diponegoro Semarang

Abstract

Most of the current accounting research is based on the philosophy of positivism, because the study is based more on empirical phenomena. The negative side of using this philosophy is that accounting research is rarely used in the development of accounting concepts and accounting practices. This study tries to analyze the accuracy of the philosophy of positivism in the development of the social sciences, particularly in the concept of truth and righteousness method. Philosophy of positivism seems appropriate to be used in the development of natural science, for truth in science is based on empirical data. In social science, the truth is not only based on empirical data, but also based on the power. Therefore, the philosophy of positivism is not suitable to be used in the development of the social sciences, especially the science of accounting.

Keywords: philosophy of positivism, the concept of truth, positive accounting.

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JAAI VOLUME 15 NO. 1, JUNI 2011


Indra Bastian
Fakultas Ekonomika dan Bisnis Universitas Gadjah Mada

Abstract

A number of public finance management reforms over the last several decades have served to improve governance in Indonesia. In too many cases, however, reform measures have failed to realize their full potential. Certainly the need for fundamental change was widely accepted. Indonesia has been examining major public finance reform initiatives in a number of jurisdictions that are relevant to Indonesia, with a view to fostering improvements in governance. Our examination of reforms in New Zealand encompassed an extensive review of the literatures. From the New Zealand's experience, it will be an input for implementing good governance in Indonesia.

Keywords: New Zealand, Good Governance, Benchmark



Mursalim
Pascasarjana Universitas Muslim Indonesia

Abstract

The objective of the paper is to investigate the effects of stock liquidity, dividend policy by the proxy of dividend payout ratio, and dividend policy by the proxy of dividend yield to the value of the firm. The research tested the hypotheses by using multiple regression. Hypotheses’ testing was conducted by using research sample of 25 banking company registered in the Indonesian Stock Exchange during the years of 2006-2008. The samples were determined by using purposive sampling method. 
The research result shows that stock liquidity has positive siginificant effect on the value of the firm. Other result shows that dividend policy by the proxy of dividend payout ratio has positive siginificant effect on the value of the firm. On the contrary, the result shows that dividend policy by the proxy of dividend yield does not have siginificant effect on the value of the firm.
       
Keyword:  stock liquidity, dividend policy, dividend payout ratio, dividend yield, value of the firm



ASL Lindawati
Ma Chung University

Abstract

The purpose of this paper is to explore the issue of possible professional barriers explanations of why Indonesian women’s higher participation in tertiary accounting studies has failed to lead to a commensurately higher participation in the upper echelons of public accounting careers. This paper has illustrated the profession have historically suffered from poor records on gender, diversity and excluding women. Issues concerning professions have been discussed by many Western scholars and have proved to be significant topics within industry and modern society. This paper has provided the assumptions and concepts that form the basis for understanding the experiences of women in developing countries who take up careers in professions. The studies show apparent similarities between Western and developing countries, and lead us to ask why women are marginalized and excluded from professions or professional work such as public accounting, and how societies or communities recognize the status and position of women who choose professional careers rather than domestic work or household jobs. Implementation methodology used in this pa-per reflects a subjectivist, ideographic focus on cultural context being intrinsic to reality and qualitative methods. Hence, proposing an ethnography approach to studies socio-cultural and power of the State being appropriate methods for this research. 

Keywords: Indonesian women; accounting profession; Socio-cultural; Government intervention; domestic burden.



Peni Nugraheni
Universitas Muhammadiyah Yogyakarta

Abstract

Shariah compliant companies are companies which the activities are accordance with Shariah principles. Indonesia, through Bapepam issues Shariah Securities List containing companies which has fulfilled the Shariah requirements issued by regulators.  
This study attempts to find out the practice of voluntary disclosure of the Shariah compliant companies and identifies the differences with the practice of non-Shariah compliant companies. This research investigates the quantity and quality of voluntary disclosure in the annual reports of Shariah compliant companies listed in Indonesian Stock Exchange and compare it with non-Shariah compliant companies. Voluntary disclosures were measured using 30 items of disclosure index developed by Khomsiah (2005). Based on content analysis of 2009 annual report of 55 Indonesian listed companies for each category, the finding describes the differencse in the quantity and quality of voluntary disclosure value of Shariah and non-Shariah compliant companies. Shariah compliant companies disclose more items and have higher quality of disclosure than non-Shariah compliant companies. 

Keywords: Shariah compliant companies, voluntary disclosure, content analysis



Tjiptohadi Sawarjuwono,Basuki Basuki, & Iman Harymawan
Departemen Akuntansi 
Fakultas Ekonomi dan Bisnis Univeritas Airlangga

Abstract

Since the emergence of Islamic banks in Indonesia, the development of science related to Islamic thought, including Sharia (Islamic) accounting is very advanced. However, the process of historical development of Islamic accounting thought has not been scientifically well documented. Similarly, the history of who the originator of the idea of Islamic accounting in Indonesia have not been known. In fact, the process of development of accounting history, ranging from conventional to sharia, is the result of the struggle of Muslim intellectuals. Therefore, remembering, recognizing and respecting the historical actors is very important. This study aims to uncover the main originator of ideas and historical development of Islamic accounting in Indonesia. The process of research used qualitative research approach to a combination of historical and cultural. By conducting in-depth interviews and intensive documentation, the study seeks to explore the details of history, events, processes, and development of Islamic accounting. Then the existing data will be interpreted and triangulated. In conclusion, this study successfully revealed the early history of the perpetrators of Islamic accounting, among them is Ahmad Baraba.

Keywords: Islamic Accounting, History, Development, Indonesia, and Qualitative Research.



Riantri Barus & Azhar Maksum
Program Studi Magister Akuntansi
Universitas Sumatera Utara, Medan

Abstract

This research aims to analyze the factors that influence the CSR information exposure and the impact toward the stock return. The sample of this research is 176 companies that published their annual reports in 2009 on the website of Indonesian Stock Exchange. The analysis of this research is using regression analysis. The finding of this research shows that the company size, the board of commissary size, and the company profile influence the CSR information exposure in the annual report. This finding also indicates that the CSR information exposure influences the stock return. This proves that the investors consider the social aspects in making investment decision. 

Keywords: Corporate Social Responsibility (CSR), company size, board of commissary size, company profile, stock Price. 



Marfuah
Dosen Tetap Jurusan Akuntansi FE UII

Yuliawan Dwi Cahyono
Alumni Jurusan Akuntansi FE UII

Abstract

This research aims to empirically examine the influence of company characteristics toward corporate social responsibility (CSR) disclosure of manufacturing companies those are listed in Indonesian Stock Exchange. This research considers seven variables of company characteristics that may influence CSR disclosure i.e. company size, profitability, company profile, board of commissary size, leverage, management ownership, and operation efficiency. 
The examination result on 39 samples selected by purposive sampling in the observation period of 2008 to 2009 shows that the variables of company size, company profile, and board of commissary size have positive and significant influence toward CSR disclosure while the variable of leverage has negative and significant influence toward CSR disclosure. This indicates that the tendency of CSR disclosure is higher for company with the characteristics of company with big size, company with high profile, and company with big board of commissary size. On contrary, the tendency of CSR disclosure is lower in the company with high leverage. The examination result on other three independent variables shows that leverage, management ownership, and operation efficiency do not have significant influence toward CSR disclosure. 

Keywords: corporate social responsibility (CSR) disclosure, company characteristics, good corporate governance. 


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