STUDI PUSTAKA RELEVANSI NILAI INFORMASI AKUNTANSI SEBELUM DAN SESUDAH PENERAPAN INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)
Keywords:
value relevance of accounting information,, IFRS adoption,, The Accounting ReviewAbstract
This study is a reviewof the academic research on value relevance of accounting informationafter the application of International Financial Reporting Standards (IFRS) published in The Accounting Review in period of 2008-2012. The articles in those journal have been selected in order to be relevantwith the purpose of this study, that is to determine the changes (increases or decreases) the value relevanceof IFRS-based accounting information. This study uses library research method by collecting and reviewing 27
articlesto be discussed qualitatively. Overall results of the review indicate that the adoption of IFRS has not been able to increase the value relevance of accounting information. Application of IFRS can only increase the international comparability of financial statements. The review also shows that IFRS have not been able to reduce the level of company’s earnings management.
Downloads
References
Abdullah, Faisal M. 2004. Dasar-dasar Manajemen Keuangan. Penerbit Universitas
Muhammadiah Malang. Malang.
Alali, F.A. & Foote, P.S. 2012. The Value Relevance Of International Financial Reporting
Standards: Empirical Evidence in an Emerging Market. The International Journal of
Accounting47:85-108.
Almalia, Luciana Spica dan Dwi Sulistyowati. 2007. Analisis Terhadap Relevansi Nilai
Laba, Arus Kas Operasi dan Nilai Buku Ekuitas Pada periode di Sekitar Krisis
Keuangan Pada Perusahaan Manufaktur di BEJ. Proceding Seminar Nasional. Juni
: 1-17.
Armstrong, C.S., M. E. Barth, A. D. Jagolinzer dan E. J. Riedl. 2010. Market Reaction to the
Adoption of IFRS in Europe. The Accounting Review 85(1):31-61.
Ball, R. and P. Brown.1968. An Empirical Evaluation of Accounting Income Numbers.
Journal of Accounting Research6:159-178.
Ball, R., A. Robin, dan J. S. Wu, 2003. Incentives Versus Standards: Properties of
Accounting Income in Four East Asian Countries. Journal of Accounting and
Economics 36: 235-270.
Barniv, Ran, Ole-Kristian Hope, M. J. Myring dan W. B. Thomas. 2009. Do Analysts
Practice What They Preach and Should Investors Listen? Effects of Recent
Regulations. The Accounting Review 84(4):1015-1039.
Barron, O. E., D. Byard dan Yong Yu. 2008. Earnings Surprises That Motivate Analysts to
Reduce Average Forecast Error. The Accounting Review 83(2):303-325.
Barth, M. E. dan W. R, Landsman, 1995. Fundamental Issues Related to Using Fair Value
Accounting for Financial Reporting. Accounting Horizons9(4):97-107.
Barth, M. E., John A. Elliot, and Mark W. Finn, 1999. Market Rewards Associated With
pattern on Increasing Earning. Journal of Accounting Research 2:387-413.
Barth, M. E., W. R. Landsman, danM. Lang. 2008. International Accounting Standards and
Accounting Quality. Journal of AccountingResearch46:467–498.
Bartov, S., R. Goldberg dan M. Kim. 2005. Comparative value relevance among German,
USand International Accounting Standards: A German stock market
perspective.Journal ofAccounting, Auditing & Finance 20(2): 95-119
Beaver, William H. 1968. The Information Content of Earnings. Journal of Accounting
Research6:67-92.
________. 2002. Perspective on Recent Capital Market Research. The
AccountingReview77(2):453-474.
Beyer, Anne. 2009. Capital Market Prices, Management Forecasts, and Earnings
Management. The Accounting Review 84(6):1713-1747
Bhattacharya, N., F. Ecker, P. M. Olsson dan K. Schipper. 2012. Direct and Mediated
Associations among Earnings Quality, Information Asymmetry, and the Cost of
Equity. The Accounting Review 87(2):449-482
Black, L. Ervin and White J. Jhone. 2003. An International Comparison of Income Statment
and Balance Sheet Information: Germany, Japan and teh US. Eropean Accounting
Review12(1):29-46.
Bradshaw, M. T., dan G. S. Miller. 2007. Will Harmonizing AccountingStandards Really
Harmonize Accounting? Evidence from Non-U.S. FirmsAdopting US GAAP.Working
Paper, Harvard Business School, 2007.
Bradshaw, Mark T. 2009. Analyst Information Processing, Financial Regulation, and
Academic Research. The Accounting Review 84(4): 1073-1083.
Brown, Stephen., Kin Lo, Thomas Lys. 1999. Use of R2 in accounting research: measuring
changes in value relevance over the last four decades. Journal of Accounting and
Economics28: 83-115.
Burgstahler, David C., and Dichev, Ilia D. 1997. Earning, Adaption and Equty Value. The
Accounting Review 72(2): 187-215.
Callen, J.L., J. Livnat dan D. Segal. 2009. The Impact of Earnings on the Pricing of Credit
Default Swaps. The Accounting Review 84(5): 1363-1394.
Chen, H. W., J. Z. Y. Chen, G. J. Lobo, dan Y. Y. Wang. 2010. Association
BetweenBorrower and Lender State Ownership and Accounting Conservatism.Journal
of Accounting Research 48(5): 973-1014.
Cheng, Qiang dan D. B. Farber. 2008. Earnings Restatements, Changes in CEO
Compensation, and Firm Performance. The Accounting Review 83(5):1217-1250.
Collins, D. W. Maydew, E.L., and Ira, S. Weiss. 1997. Change in The Value-Relevance of
Earning and Book Value Over the Past Forty Years. Journal of Accounting an
Economics24:39-67.
Coram, Paul. 2004. An Experimental Evaluation of the Effect of Voluntary Disclosure of
Non-Financial Performance Indicators and Assurance on this Information on Stock
Price Estimation and Earnings Forecasts. Paper from PhD. Dissertation. Australian
National University.
Das, S., K. Kim dan S. Patro. 2011. An Analysis of Managerial Use and Market
Consequences of Earnings Management and Expectation Management. The
Accounting Review 86(6):1935-1967.
Daske, H., dan G. Gebhard. 2006. International Financial Reporting Standards and Experts
Perception of Disclousure Quality. Abacus42 (3-4): 461-492.
Daske, H.; Hail, L, C.; and Verdi, R. 2008. Mandatory IFRS Reporting Around The Word:
Early Evidence On The Economic Consequencess. Journal of Accounting Research
(5): 1085-1142.
Dechow, Patricia M., Sloan. Richard G., and Sweeney. Amy P. 1995. Detecting Earnings
Management. The Accounting Review 70(2): 193-225.
DeFond, Mark L., 2002. Discussion of the Balance Sheet as an Earnings Management
Constraint. The Accounting Review77:29-33.
Dichev, I.D.dan Vicki W. Tang. 2008. Matching and the Changing Properties of Accounting
Earnings over the Last 40 Years. The Accounting Review 83(6): 1425-1460
Dimitropoulos, P. E., D. Asteriou, D. Kousenidis, dan S. Leventis. 2013. The Impact of
IFRS on Accounting Quality. Advances in Accounting 29(1):106-123
Dontoh, Alex., Suresh Radhakrishnan and Joshua Ronen. 2004. The Declining Value
Relevance of Accounting Information and Non-Information-Based Trading: An
Empirical Analysis. Contemporary Accounting Research21:793-812.
Francis, Jennifer and Catherine Schipper. 1999. Have Financial Statements Lost Their
Relevance. Journal of Accounting Research 37(2): 319-352.
Frank, M.M., L. J. Lynch dan S. O. Rego. 2009. Tax Reporting Aggressiveness and Its
Relation to Aggressive Financial Reporting. The Accounting Review. 84(2): 467-496.
Givoly, D., C. K. Hayn dan S. P. Katz. 2010. Does Public Ownership of Equity Improve
Earnings Quality?The Accounting Review 85(1): 195-225.
Gleason, C. A., N. T. Jenkins,dan W. B. Johnson. 2008. The Contagion Effects of
Accounting Restatements. The Accounting Review 83(1):83-110.
Goodwin, J., K. Ahmed, dan R. Heaney. 2008. The Effects of International Financial
Reporting Standards on the Accounts and Accounting Quality of Australian Firms: A
Retrospective Study. Journal of Contemporary Accounting and Economics 4(2): 89-
Hanafi, Mamduh. 2004. Manajemen Keuangan. Yogyakarta: BPFE-Yogyakarta.
Hao, S., Q. Jin dan G. Zhang. 2011. Investment Growth and the Relation between Equity
Value, Earnings, and Equity Book Value. The Accounting Review 86(2): 605-635.
Hartono. 2005. Hubungan Teori Signalling Dengan Underpricing Saham Perdana di Bursa
Efek Jakarta. Jurnal Bisnis dan Manajemen5(1): 35-50.
Hartono, Jogiyanto. 2010. Teory Portofolio dan Analisis Investasi. Edisi 8.BPFE:
Yogyakarta.
Hung, M. danK. R. Subramanyam. 2007. Financial Statements effects of adopting
Internacional Accounting Standards: The case of Germany. Review of Accounting
Studies 12(4): 623-671.
Husnan, Suad. 2001.Dasar-dasar Teori Portofolio dan Analisis Sekuritas. Edisi ketiga.
Cetakan kedua. Yogyakarta: UUP AMP YKPN.
Ikatan Akuntan Indonesia. 2012. Pernyataan Standar Akuntansi Keuangan. Jakarta: Ikatan
Akuntan Indonesia.
Indriani, Epi. 2011. Akuntansi Untuk Orang Awam dan Pemula. Laskar Aksara. Jakarta.
Jones, A. J., dan K. J. Smith. 2011. Comparing the Value Relevance, Predictive Value, and
Persistence of Other Comprehensive Income and Special Items. The Accounting
Review 86(6): 2047-2073.
Jones, Jennifer J. 1991. Earnings management during Import relief investigations. Journal of
Accounting Research 29(2)Autumn Printedin U.S.A
Juan, Ng Eng dan Wahyuni, Ersa Tri. 2012. Panduan Praktis Standar Akuntansi Keuangan
(Berbasis IFRS). Edisi 2. Jakarta: Salemba Empat.
Kang, Sok-Hyondan Yuping Zhao. 2010. Information Content and Value Relevance of
Depreciation: A Cross-Industry Analysis. The Accounting Review 85(1): 227-260.
Karampinis, N. & Hevas, D. 2011. Mandating IFRS in an Unfavorable Environment:
TheGreek Experience. The International Journalof Accounting 46: 304-332.
Kumar, K. R.dan G. V. Krishnan. 2008. The Value-Relevance of Cash Flows and Accruals:
The Role of Investment Opportunities. The Accounting Review 83(4): 997-1040.
Kusuma, Indra Wijaya. 2006. Pengadopsian International Financial Reporting Standards:
Implikasi Untuk Indonesia. Pidato Pengukuhan Jabatan Guru Besar Universitas
Gadjah Mada tanggal 21 Mei.
Lako, Andreas. 2007. Relevansi Nilai Informasi Laporan Keuangan untuk Investor Pasar
Saham Indonesia: Suatu Bukti Empiris Baru. Simposium Riset Ekonomi. Surabaya.
La Porta, R., F. Lopez-de-Silanes, A. Shleifer, dan R. W. Vishny. 1998. Law and Finance.
Journal of Political Economy 106(6): 1113-1155.
Lev, Baruch and Paul Zarowin. 1999. The Boundaries of Financial Reporting and How To
Extend Them. Journal of Accounting Research37(2): 353-385.
Marquardt, C. A. dan C. I. Weidman. 2004. The Effect Of Earnings Management On Value
Relevance Of Accounting Information. Journal of Business Finance and Accounting.
McAnally, M. Lea, A. Srivastava dan C. D. Weaver. 2008. Executive Stock Options, Missed
Earnings Targets, and Earnings Management. The Accounting Review 83(1): 185-216.
Mian, G. M.dan S. Sankaraguruswamy. 2012. Investor Sentiment and Stock Market
Response to Earnings News. The Accounting Review 87(4): 1357-1384
Moleong, Lexy J. 2010. Metode Penelitian Kualitatif. Bandung: Remaja Rosdakarya.
Nazir, Moh. 2003. Metode Penelitian. Jakarta: PT. Ghalia Indonesia.
Ohlson, J.A., 1995. Earnings, Book Values and Dividends in Equity Valuation,
Contemporary Accounting Research 11(2): 661-688.
Pazarskis, M.; Alexandrakis, A.; Notopoulus, P.; dan Keydros, D. 2011. IFRS Adaption
Effects in Greece : Evidence from the IT Sector. Mibes 2011-Oral, 60-71.
Pinasti, M. 2004. Faktor-faktor yang Menjelaskan Variasi Relevansi Nilai Informasi
Akuntansi: Pengujian Hipotesis Informasi Alternatif.Simposium Nasional Akuntansi
VII: 738-753.
Rahmawati. 2005. Relevansi Nilai Informasi Akuntansi dengan Pendekatan Terintegrasi:
Hubungan Non Linier. Simposium Nasional Akuntansi VIII.
Rangan, Srinivasan. 1998. Earnings Management and the Performance of Seasoned Equity
Offerings. Journal of Financial Economics 5:101-122.
Roychowdhury, S.dan E. Sletten. 2012. Voluntary Disclosure Incentives and Earnings
Informativeness. The Accounting Review 87(5): 1679-1708.
Sadjiarto, Arya. 1999. Akuntansi Internasional: Harmonisasi Versus Standarisasi. Jurnal
Akuntansi dan Keuangan 1(2): 144-161.
Scott, William R. 2009. Financial Accounting Theory. Fifth Edition, Toronto: Pearson
Education Canada
Shanthikumar. D. M. 2012. Consecutive Earnings Surprises: Small and Large Trader
Reactions. The Accounting Review 87(5): 1709-1736.
Sidauruk, Tagor Darius. 2008. Pengaruh Laporan Arus Kas Terhadap Harga Saham dan
Return Saham Pada Perusahaan Manufaktur di BEJ. Tesis. Medan. Pascasarjana
Universitas Sumatera Utara.
Solomons, David. 1995. Criteria for Choosing An Accounting Model. Accounting Horizons
(1): 42-51.
Song, C. J., W. B. Thomas dan H. Yi. 2010. Value Relevance of FAS No. 157 Fair Value
Hierarchy Information and the Impact of Corporate Governance Mechanisms. The
Accounting Review 85 (4): 1375-1410.
Subramanyam. K. R. 1996. The Pricing of Discretionary Accruals. Journal of
Accountingand Economics22:249-281.
Suwardjono. 2005. Teori Akuntansi Perekayasaan Laporan Keuangan. Edisi ketiga. BPFE.
Yogyakarta.
Teoh Siew Hong, Ivo Welch, and T.J. Wong. 1998. Earning Management and the
Underperformance of Seasoned Equity Offering. Journal of Financial Economic50:
-99.
Van der Meulen, S., A. Gaeremynck, danA. Willekens. 2007. Attribute differences
betweenU.S. GAAP and IFRS earnings: An exploratory study. The International
Journal ofAccounting(42): 123-142.
Veenman, David. 2012. Disclosures of Insider Purchases and the Valuation Implications of
Past Earnings Signals. The Accounting Review 87(1): 313-342.
Wilson, Wendy M. 2008. An Empirical Analysis of the Decline in the Information Content
of Earnings following Restatements. The Accounting Review 83(2): 519-548.
Yip, R. W. Y.dan D. Young. 2012. Does Mandatory IFRS Adoption Improve Information
Comparability?The Accounting Review 87(5): 1767-1789.
Zed, Mestika. 2008. Metode Penelitiain Kepustakaan. Jakarta: Yayasan Obor Indonesia.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
