Jurnal Ilmiah Akuntansi dan Bisnis
JIAB exists to publish high quality research papers in accounting, corporate finance, corporate governance and their interfaces. The interfaces are relevant in many areas such as financial reporting and communication, valuation, financial performance measurement and managerial reward and control structures. A feature of JIAB is that it recognises that informational problems are pervasive in financial markets and business organisations, and that accounting plays an important role in resolving such problems.
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<![CDATA[KEINFORMATIFAN LABA DI PASAR OBLIGASI DAN SAHAM: UJI LIQUIDATION OPTION HYPOTHESIS ]]>
<![CDATA[RATNA CANDRA SARI]]>;
<![CDATA[ZUHROHTUN ZUHROHTUN]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[Previous empirical research on informativeness of earnings hasfocused on stockholders, and has not examined earnings informativenessfor stockholders and bondholders. Stockholders are residual claimantsand bondholders are fixed claimants, the informativeness of earningsshould differ for these two types of investors. When firm is financiallystrong, earnings changes should be of limited relevance to bondholders,but should be relevance to bondholders. In contrast, as the likelihood offinancial distress increase, stockholder’s limited liability allows them toabandon the firm to bondholder and earnings change should beincreasingly important to bondholders and less important to shareholdersbecause earnings provide information on firm value. This suggest that theeffect of earnings to stock return should decrease as the firm’s financialstrength declines, while the effect of earnings to bond return shouldincrease. In contrast, when firm’s financial condition is strong, the effect ofearnings to stock return is higher than the effect of earnings to bondreturn. We refer to this as the liquidation option hypothesis.The objective of this study is to examine liquidation optionhypothesis. We use bond rating as financial condition’s measurement.Consistent with our hypotheses, we find that the effect of unexpectedearnings to stock return is significant when firm is financially strong butthe effect of unexpected earnings to bond return is not significant. Whenfinancial distress increase, the effect of unexpected earnings to stockreturn is not significant but the effect of unexpected earnings to bondreturn is significant]]>
<![CDATA[PERBEDAAN PENGARUH BESARAN PERUSAHAAN DAN LEVERAGE TERHADAP MANAJEMEN LABA PADA PERUSAHAAN YANG MEMILIKI KOMITE AUDIT DAN DIAUDIT OLEH AUDITOR BERKUALITAS ]]>
<![CDATA[I G. A. EKA DAMAYANTHI]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[This research examines the effect of existence of audit committee andqualified auditor on the relationship between company’s size and leverage,and earnings management. This study is motivated by inconsistence resultsof previous studies on this topic. Supported by agency theory explainingproblem between the agent and the principal, researcher is motivated tocontribute on the importance of monitoring management performance by auditcommittee and qualified independent auditor.Sample consists of 364 manufacturing companies listed on the JakartaStock Exchange during 1999-2003. Earnings management is measured bydiscretionary accrual calculated using modified Jones Model. The effect ofaudit committee on the relationship between size and leverage is tested usingcoefficient difference test.The result shows that large companies tend to have small discretionaryaccrual, thus it would have better quality earnings. The existence of auditcommittee could reduce the effect of leverage on earnings management.Qualified auditor could diminish the effect of size and leverage on earningsmanagement.]]>
<![CDATA[PENGARUH MANAJEMEN LABA, DAN KEPEMILIKAN MANAJERIAL PADA KESEJAHTERAAN PEMEGANG SAHAM PERUSAHAAN TARGET AKUISISI ]]>
<![CDATA[I MADE SUKARTHA]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[The main accounting issue in this research which can trigger wealthtransfer from acquiring company’s shareholders to target company’sshareholders is earning management that was done during the lastpublication before the acquisition. Therefore, the purposes of this researchare: (1) to test whether the target company’s management performedearnings management by increasing the amount of earnings which wasreported in the last publication before the acquisition announcement, (2) totest whether the earnings management which was done by the targetcompany benefit their shareholders, and (3) to test whether managerialownership affects earnings management and the wealth of the targetcompany’s shareholders.Hypotheses in this research were developed using agency theory asthe main theory, which was supported by earnings management theorywith the same motivations as this research such as bonus plan motivation,chief executive officer (CEO) change motivation, and Initial Public Offering(IPO) motivation, and Efficient Market Hypothesis.The sample for this research are target companies undergonesuccessful acquisition in Jakarta Stock Exchange from 1990 to 2005. Thesample consists of 54 target companies. The dependent variable of targetcompanies shareholders’ wealth, is represented by cumulative abnormalreturn (CAR) as the proxy, calculated by using the Market Model. Theindependent variable of earnings management is calculated by ModifiedJones Model, and the ownership managerial variable is calculated bymanagement ownership percentage on target company’ shares. Theresearch hypothesis is tested by t-test and ordinary least squareregression test.The result of this research is: (1) the target company is doingearnings management by increasing discretionary accrual for the lastpublication just before the acquisition, (2) the positive effect of earningsmanagement on target company shareholders wealth at the lastpublication just before the acquisition is bigger and more significantstatistically compared with the previous period, and (3) managerialownership has positive effect and statistically significant on targetcompany shareholders’ wealth during the last publication just before theacquisition.]]>
<![CDATA[UPAYA MENGHADAPI PERUBAHAN LINGKUNGAN STRATEGIS DENGAN MEMBANGUN DAN MERAIH COMPETITIVE ADVANTAGE MELAUI VALUE CHAIN ANALYSIS DAN KEMITRAAN ]]>
<![CDATA[ANDI MIRDAH]]>;
<![CDATA[AGUS INDRA TENAYA]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[The success of an organization to operate in a complex and tight competition is verymuch determined by several factors. Global business changes phenomena havedemanded the companies to be more critical. Only those having global competitiveadvantage would sustain and develop. To identify sources of and potentialcompetitive advantage, an organization would need value chain concept as ananalytical tool. According to the concept, a company needs to develop partnershiprelation in the whole activities from beginning till ending. This article reviews howcompanies manage their strategic activities using value chain analysis and howthis concept would be developed in the partnership relation.]]>
<![CDATA[PENGARUH KONSERVATISME LABA TERHADAP KOEFISIEN RESPONS LABA ]]>
<![CDATA[AGUNG SUARYANA]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[This research examines earnings response coefficient (ERC) ofcompanies applying conservatism and more optimistic accounting.Conservatism accounting practices are expected to affect companies’ ERCindirectly. Conservative accounting would influence earnings predictionpower (Panman and Zhang, 2002). Then, earnings prediction power wouldinfluence ERC (Lipe, 1990).The population consists of manufacturing companies listed on theJakarta Stock Exchange during period of 1999-2005. Sample members of 91companies are selected using purposive sampling method. Conservativeaccounting is proxied by earnings/stock return relation measure,earnings/accrual measure, and net asset measures (Watts, 2003).The result shows that companies which apply conservative accountinghave weaker earnings prediction power than those which do not. Companieswith conservative accounting would have fluctuated earnings and lowprediction power of earnings.ERC of companies with conservative accounting are lower than thosewith more optimistic accounting. Applying conservative accounting wouldresult in fluctuated earnings and lower earnings predictability which is lessbeneficial in predicting future earnings, thus ERC would be low.]]>
<![CDATA[PENGHASILAN VERSI AKUNTANSI, PAJAK DAN EKONOMI ]]>
<![CDATA[KETUT BUDIARTHA]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[Income is the key factor in valuing operational capability of acompany. Failure in maintaining and using the income will cause failureof the company. Therefore, a thorough understanding about incomewould be necessary to avoid mistakes in income based-decision making.There is a difference in viewing income from the perspective of accountingand economic. In accounting view, income must have been realized, buteconomic version says that income also includes unrealized items. It isenough for accounting to view income based on conventional incomestatement, on the other hand, in order to reflect economic income, realizedincome statement must be adjusted to accommodate unrealized economicevents. Accounting and tax view income without significant differencesbecause the two consider the last destination of income would be theincrease of capital/assets.]]>
<![CDATA[ANALISIS ECONOMIC VALUE ADDED (EVA) DALAM HUBUNGANNYA DENGAN HARGA SAHAM PADA PERUSAHAAN JASA TRANSPORTASI YANG LISTING DI BURSA EFEK JAKARTA PERIODE 2003—2005 ]]>
<![CDATA[SEFCHO RIZAL]]>;
<![CDATA[M.M. RATNA SARI]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[Capital is an important component that determines company’s operation. Issuingstock would be effective if it can add value to the company economically. One approach thatcan be implemented for company valuation is Economic Value Added (EVA), which takes intoaccount the cost of capital. This cost is formerly abandoned by companies, although it is verycrucial in value creation for the company. This research tries to asses company’s financialperformance using EVA approach and correlate it to stock price.Research objects cover transportation service companies listed on the Jakarta StockExchange (JSX) during period of 2003-2005. The companies have important roles inmobilizing product and services needed by society.The result shows that most transportation companies listed on the JSX during 2003-2005 have not able to create economic value added. Result of correlation analysis shows thatthe relationship between EVA value and stock price is not in the same direction (negative),very weak, and not significant.]]>
<![CDATA[PENGARUH EFEKTIVITAS PENGGUNAAN DAN KEPERCAYAAN TEKNOLOGI SISTEM INFORMASI TERHADAP KINERJA INDIVIDUAL ]]>
<![CDATA[DODIK ARIYANTO]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[The implementation of information system technology in a company shouldconsider user capability to be useful in supporting duty completion, and thusimprove individual performance. Another important factor is user’s trust inreliability of the technology. This research is aims to investigate whethereffectiveness of the use of and trust in information system technology affectindividual performance.After passing the test of validity, reliability, and classical assumption, dataare analyzed using ordinary least square method. The result demonstrates thateffectiveness of the use of and trust in information system technology affectindividual performance positively and significantly. Effectiveness variable affectsindividual performance of 47.7 percent, while trust variable influences is 77.1percent. The second hypothesis is supported by respondents reply that inaverage they trust the technology of 80.9 percent. Therefore, it is concluded thateffectiveness of the use of and trust in information system technology affectindividual performance positively and significantly.]]>
<![CDATA[SIX SIGMA, BALANCE SCORECARD, DAN KAITANNYA DENGAN AUDIT MANAJEMEN ]]>
<![CDATA[NANIEK NIVIARI]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[Performance measurement is important factor for enterprises. Performancemeasurement can be used to evaluate enterprises effectiveness and to arrangereward sysem. There are many tools for performance measurement such as SixSigma and Balance Scorecard. This paper discuss how Six Sigma and BalanceScorecard are used in performance measurement and relation betweenmanagement audit and Six Sigma and Balance Scorecard. Six Sigma andBalance Scorecard are used in performance measurement by DMAIC methode(define, measure, analyze, improvement, control). Management auditor canuse Six Sigma to evaluate management performance. BSC can be used byauditor management to balance financial performance measurement as lag factorand other nonfinancial performance measurement as lead factor, such ascustomer, internal bussines process, and learning & growth perspektif (BSCFirstGeneration). But in BSC-third Generation, the relationship betweenmanagement audit with BSC is if we want to design Enterprise BSC, we mustdo audit management first.]]>
<![CDATA[PENGARUH INDEPENDENSI, KEAHLIAN PROFESIONAL, DAN PENGALAMAN KERJA PENGAWAS INTERN TERHADAP EFEKTIVITAS PENERAPAN STRUKTUR PENGENDALIAN INTERN PADA BANK PERKREDITAN RAKYAT DI KABUPATEN BADUNG ]]>
<![CDATA[NI PUTU EKA DESYANTI]]>;
<![CDATA[NI MADE DWI RATNADI]]>
<![CDATA[ Jurnal Ilmiah Akuntansi dan Bisnis Vol 3 No 1 (2008) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali ]]>
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<![CDATA[Internal controller is crucial in developing effective internal controlstructure of Bank Perkreditan Rakyat. Because of the important role ofinternal controller, s/he must be independent, has sufficient professionalcompetencies and working experiences.This study aims to investigate the effect of significant independency,professional competency, and working experience of internal controllersimultaneously and partially on the effectiveness of implementation ofinternal control structure of Bank Perkreditan Rakyat in Badung Regency.Variables used in this study include internal control structure as thedependent variable; and independency, professional competency, andworking experience of internal controller as the independent variables.The result shows that independency, professional competency, andworking experience of internal controller simultaneously and partiallyaffect the effectiveness of implementation of internal control structure ofBank Perkreditan Rakyat in Badung Regency significantly. And, the mostdominant factor is professional competency.]]>
