Abstract:This study aims to identify the patterns and scope of integrated reporting and to examine the effect of audit committee characteristics (expertise and meeting) on elements of integrated reporting disclosed in the annual report of companies listed on the Indonesia Stock Exchanges (IDX). This study used 170 annual reports of companies listed on the IDX as research data (not all companies have the required data). Research data were then analyzed using STATA / MP14 Software. The findings showed that the IDX-listed… Show more
“…The effectiveness of the audit committee's performance can be measured through several characteristics possessed by the audit committee including expertise, activities of the audit committee, and the independence of the audit committee (Fiarti & Chariri, 2016). The results of this study contradict Chariri and Januarti (2017), who stated that routine meetings allow audit committees to be more effective in monitoring financial reporting processes and internal control and to improve the quality of information produced by management such that asymmetric information can be reduced. Aljifri and Hussainey (2007), claimed that the benefits of forward-looking information disclosure are to help investors in making investment decisions.…”
The more liquid the capital market, the more attractive it will be for investors to place their money in the capital market. Therefore, the purpose of this study is to investigate the factors that influence stock liquidity of manufacturing sector companies listed on the stock exchange in Indonesia. The independent variables used in this study are forward-looking information disclosure, institutional ownership, foreign ownership, and board activity with information asymmetry as an intervening variable and stock liquidity as the dependent variable. The population of this study is manufacturing sector companies listed on the Indonesian stock exchange (IDX). Samples are selected based on the random sampling method, and the number of samples is calculated based on the Slovin formula. The sample was 59 manufacturers, and data was annual reports (for 2 years) and stock transactions from 2016 to 2017. The results of the study showed that forward-looking information disclosure had a significant effect on information asymmetry. Information asymmetry and foreign ownership have a significant impact on stock liquidity, whereas information asymmetry mediates the relationship between forward-looking disclosures and stock liquidity. Furthermore, the accuracy of information about the certainty of business activity both now and in the future can instill confidence in stakeholders in interacting and cooperating.
“…The effectiveness of the audit committee's performance can be measured through several characteristics possessed by the audit committee including expertise, activities of the audit committee, and the independence of the audit committee (Fiarti & Chariri, 2016). The results of this study contradict Chariri and Januarti (2017), who stated that routine meetings allow audit committees to be more effective in monitoring financial reporting processes and internal control and to improve the quality of information produced by management such that asymmetric information can be reduced. Aljifri and Hussainey (2007), claimed that the benefits of forward-looking information disclosure are to help investors in making investment decisions.…”
The more liquid the capital market, the more attractive it will be for investors to place their money in the capital market. Therefore, the purpose of this study is to investigate the factors that influence stock liquidity of manufacturing sector companies listed on the stock exchange in Indonesia. The independent variables used in this study are forward-looking information disclosure, institutional ownership, foreign ownership, and board activity with information asymmetry as an intervening variable and stock liquidity as the dependent variable. The population of this study is manufacturing sector companies listed on the Indonesian stock exchange (IDX). Samples are selected based on the random sampling method, and the number of samples is calculated based on the Slovin formula. The sample was 59 manufacturers, and data was annual reports (for 2 years) and stock transactions from 2016 to 2017. The results of the study showed that forward-looking information disclosure had a significant effect on information asymmetry. Information asymmetry and foreign ownership have a significant impact on stock liquidity, whereas information asymmetry mediates the relationship between forward-looking disclosures and stock liquidity. Furthermore, the accuracy of information about the certainty of business activity both now and in the future can instill confidence in stakeholders in interacting and cooperating.
“…Hasil penelitian ini konsisten dengan penelitian Haji (2015) yang menemukan bahwa komite audit yang melakukan pertemuan rutin berpengaruh positif signifikan terhadap voluntary disclosure, yaitu pengungkapan intellectual capital. Haji & Anifowose (2016) dan Chariri & Januarti (2017) juga menemukan bahwa semakin sering komite audit melakukan pertemuan rutin, maka semakin tinggi luas pengungkapan IR. Pertemuan komite audit selama periode 2017 dan 2018 ratarata sebanyak 7 kali per tahun.…”
Section: Variableunclassified
“…Adanya hubungan positif signifikan antara frekuensi pertemuan komite audit dengan luas pengungkapan IR membuktikan bahwa komite audit telah melakukan fungsi pengawasan yang efektif dan efisien. Dengan melakukan pertemuan rutin, memungkinkan komite audit untuk membahas masalah yang berkaitan dengan perusahaan, termasuk membahas mengenai IR (Chariri & Januarti, 2017). Haji (2015) juga menemukan bahwa komite audit yang melakukan pertemuan rutin dapat meningkatkan kualitas pelaporan perusahaan.…”
Section: Variableunclassified
“…Selain itu, anggota komite audit juga harus melakukan pertemuan rutin agar kegiatan pengawasan menjadi semakin efektif dan efisien. Chariri & Januarti (2017) menyatakan bahwa komite audit dengan keahlian akuntansi dan/atau keuangan serta rutin melaksanakan pertemuan memiliki pengaruh positif terhadap luas lingkup elemen IR. Kepemilikan institusional dalam suatu perusahaan diharapkan dapat dijadikan sebagai tindakan pengawasan untuk membatasi perilaku penyelewengan oleh manajer dan juga agar manajer lebih efektif dalam pengambilan keputusan (Wulandari & Budiartha, 2014).…”
unclassified
“…Kemudian hasil penelitian oleh Haji & Anifowose (2016) menunjukkan bahwa pertemuan komite audit memiliki hubungan positif signifikan dengan tingkat dan kualitas praktik IR. Hasil penelitian tersebut didukung oleh penelitian Chariri & Januarti (2017), frekuensi pertemuan komite audit mempengaruhi IR yang disajikan dalam AR perusahaan. Semakin sering komite audit menyelenggarakan pertemuan, maka semakin banyak informasi dalam IR yang akan disajikan oleh perusahaan.…”
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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