Do corporate governance and disclosure tone drive voluntary disclosure of related-party transactions in China?

Shan, Yuan George

doi:10.1016/j.intaccaudtax.2019.02.002

Cited by 33 publications

(17 citation statements)

References 92 publications

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“…Sejumlah penelitian lain yang dilakukan di Indonesia seperti Nuryaman (2009), Daniel (2013), Nugraheni (2018), Krishna (2013), Alfiana (2018), Neliana (2018), dan Hidayat (2017) juga dapat membuktikan adanya pengaruh positif ukuran perusahaan terhadap pengungkapan sukarela. Namun demikian, sebagian penelitian lain di antaranya dari Kolsi (2017), Wiguna (2012), dan Shan (2019) tidak dapat membuktikan adanya pengaruh positif ukuran perusahaan terhadap pengungkapan sukarela.…”

Section: Pendahuluanunclassified

“…Selain aspek karakteristik perusahaan seperti ukuran dan leverage, sebagian penelitian lain di antaranya yang dilakukan oleh El-Diftar et al (2017), Khlif et al (2017), Barako et al (2006), Uyar et al (2013), Lin et al (2018), dan Albassam & Ntim (2017) berhasil membuktikan adanya pengaruh positif dari kepemilikan institusional terhadap pengungkapan sukarela. Akan tetapi, penelitian Gantyowati & Nugraheni (2014), Shan (2019), dan Nabor & Suardana (2014) tidak dapat membuktikan adanya pengaruh kepemilikan institusional terhadap pengungkapan sukarela. Bahkan penelitian Rouf (2011) justru menemukan adanya pengaruh negatif yang signifikan antara kepemilikan institusional dengan pengungkapan sukarela.…”

Section: Pendahuluanunclassified

Section: Kerangka Teoritis Dan Pengembangan Hipotesisunclassified

“…Adapun pada penelitian Shan (2019), ukuran perusahaan justru ditemukan berpengaruh negatif terhadap pengungkapan sukarela pada perusahaanperusahaan yang listed di bursa Shanghai dan Shenzen SSE China. Alasan temuan ini karena menurut Shan (2019), perusahaan-perusahaan China yang ditelitinya relatif tidak melakukan cara yang sama dengan perusahaan-perusahaan Barat dalam mengungkapkan informasi karena adanya biaya politik. Di samping itu, perusahaan-perusahaan yang terdaftar di Shang dan Shenzen China cenderung memiliki kinerja yang cukup baik sehingga dapat mengantisipasi asimetri informasi, biaya politik dan agensi tanpa harus mengungkapkan informasi tambahan.…”

Section: Kerangka Teoritis Dan Pengembangan Hipotesisunclassified

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Pengungkapan Sukarela Berdasarkan Karakteristik Perusahaan dan Kepemilikan Institusional

Suhendar

Hakim

2021

j. akunt. BERKELANJUTAN INDONESIA

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This study analyses the effect's degree of firm characteristics and institutional ownership on voluntary disclosure. Firm characteristics in this study are measured based on size and leverage. This study's panel data are from financial reports of 23 companies in the consumer goods industry listed on the Indonesia Stock Exchange for the 2014 to 2018 reporting period. By using panel data regression analysis, this study finds that company size does not affect voluntary disclosure. On the other hand, leverage positively affects voluntary disclosure, while institutional ownership has a negative effect. This study implies that voluntary disclosure is more determined by the need to win the competition and rationalize investors regarding their leverage. The company's size does not determine the voluntary disclosure level. The government needs to encourage the companies to reveal more information for better market within the pandemic through the Financial Services Authority. On the other hand, institutional ownership that has a negative effect on voluntary corporate disclosure shows that investors from other institutions tend not to have healthy controls in encouraging companies to make voluntary disclosures. Future research is expected to reexamine corporate voluntary disclosure determinants through other variables and use more than one method to ensure their robustness results. Keywords: Firm Characteristic; Institutional Ownership; Voluntary Disclosure AbstrakPenelitian ini bertujuan untuk menganalisis besarnya pengaruh karakteristik dan kepemilikan institusional terhadap pengungkapan sukarela yang dilakukan perusahaan. Karakteristik perusahaan dalam penelitian ini diukur berdasarkan ukuran dan leverage. Data dalam penelitian ini yakni laporan keuangan dari 23 perusahaan sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia periode laporan 2014 hingga 2018. Dengan menggunakan analisis regresi data panel, penelitian ini menemukan bahwa ukuran perusahaan tidak mempengaruhi pengungkapan sukarela. Di sisi lain, leverage berpengaruh positif terhadap pengungkapan sukarela, sedangkan kepemilikan institusional berpengaruh negatif. Implikasi penelitian ini adalah bahwa pengungkapan sukarela lebih ditentukan oleh kebutuhan untuk memenangkan persaingan serta keperluan memberikan rasionalisasi terhadap para investor terkait besarnya leverage yang dimiliki. Besar kecilnya ukuran perusahaan tidak menentukan tingkat pengungkapan sukarela sehingga pemerintah melalui OJK perlu mendorong pengungkapan sukarela perusahaan. Di sisi lain, kepemilikan institusional yang justru berpengaruh negatif terhadap pengungkapan sukarela menunjukan investor dari institusi lain cenderung belum memiliki pengendalian yang kuat dalam mendorong perusahaan agar melakukan pengungkapan sukarela. Penelitian selanjutnya diharapkan dapat menelaah kembali determinan pengungkapan sukarela melalui variabel-variabel lain serta menggunakan lebih dari satu metode untuk memastikan hasil yang robust. Kata Kunci: Karakteristik Perusahaan; Kepemilikan Institusional; Pengungkapan Sukarela

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Section: Pendahuluanunclassified

Section: Kerangka Teoritis Dan Pengembangan Hipotesisunclassified

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Pengungkapan Sukarela Berdasarkan Karakteristik Perusahaan dan Kepemilikan Institusional

Suhendar

Hakim

2021

j. akunt. BERKELANJUTAN INDONESIA

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“…Earnings management is the action of management to employ the accounting policy in order to present information regarding firms' performance in accordance with management's interests. Related party transactions with the intention of doing earnings management affected the quality of firms' financial statements 1,4,5 . Numbers presented in financial statements are in line with the market perceptions, as shown by the firms' stock price.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Value Relevance, Earnings Management, and Related Party Transactions

Nasution¹,

Mita²

2018

Proceedings of the 6th International Accounting Conference (IAC 2017)

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This study investigates whether abnormal related party transactions as a proxy of earnings management reduce the value relevance of earnings announcements. Based on a sample of firms listed on the Indonesia Stock Exchange from 2010 through 2014, this study documents that listed firms in Indonesia conduct commercial transactions as a regular daily transaction with subsidiaries and affiliated firms which contribute to the firm's reported earnings. This study finds that related party transactions are efficient and do not reduce the value relevance of earnings.

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A cross‐language analysis of disclosure properties: Evidence from Hong Kong

Do,

Hu,

Nabar

2024

J Corp Accounting Finance

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Using the setting of Hong Kong, we examine how the linguistic properties of financial disclosure differ across languages. We exploit the requirement that firms listed on the Hong Kong Stock Exchange publish annual reports in two languages, English and Chinese. We find that for the same firm, English reports are more positive, convey more uncertainty, and focus more on the past and present and less on the future, than Chinese reports. We also find that English (Chinese) reports are more likely to manage their tone by varying the frequency of positive (negative) words. Finally, the stock market only reacts positively to tone management in Chinese reports. Overall, the results suggest that there are significant and fundamental differences in the linguistic properties of English and Chinese reports and that such differences have material implications for how investors perceive the reports.

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Do corporate governance and disclosure tone drive voluntary disclosure of related-party transactions in China?

Cited by 33 publications

References 92 publications

Pengungkapan Sukarela Berdasarkan Karakteristik Perusahaan dan Kepemilikan Institusional

Pengungkapan Sukarela Berdasarkan Karakteristik Perusahaan dan Kepemilikan Institusional

Value Relevance, Earnings Management, and Related Party Transactions

A cross‐language analysis of disclosure properties: Evidence from Hong Kong

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