Pengaruh Pengungkapan Islamic Social Reporting terhadap Earnings Response Coefficient
Abstract
This study examines the relationship between Islamic Social Reporting (ISR) disclosure that is published in annual report and informativeness of earnings (as measured by Earnings Response Coefficient/ERC). The hypothesis predicts that ISR disclosure will effect on the level of ERC. The sample consists of 95 annual reports of the companies listed on Indonesia Sharia Stock Index on December 2014. The amount of ISR disclosure provided in annual reports is measured by disclosure items developed by Othman et al. (2009). The hypothesis is tested by using multiple regression analysis. The empirical results of the study show that the level of ISR disclosures significantly has positive effect on the ERC. The results indicate that investor uses the information of ISR disclosure that is provided in annual report together with information in earnings as one of the guidance for their investment decisions. The study contributes to the literature that ISR is an important information to be disclosed by company because it can increase the level of investor’s belief toward the information of earnings reported.
Keywords: Earnings Response Coefficient, Indonesia Sharia Stock Index, Informativeness of Earnings, Islamic Social Reporting
References
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Ball, R., dan P. Brown. 1968. An empirical evaluation of accounting income numbers. Journal of accounting research:159-178.
Baydoun, N., dan R. Willett. 2000. Islamic corporate reports. Abacus 36 (1):71-90.
Collins, D. W., dan S. Kothari. 1989. An analysis of intertemporal and cross-sectional determinants of earnings response coefficients. Journal of accounting and economics 11 (2-3):143-181.
Darus, F., H. Yusoff, A. Naim, D. Milianna, M. Mohamed Zain, A. Amran, H. Fauzi, dan Y. Purwanto. 2013. Islamic Corporate Social Responsibility (i-CSR) Framework from the Perspective of Maqasid al-Syariah and Maslahah. Issues in Social & Environmental Accounting 7 (2).
Daud, R. M., dan N. A. Syarifuddin. 2008. Pengaruh Corporate Social Responsibility Disclosure, Timeliness, dan Debt To Equity Ratio terhadap Earning Response Coefficient (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). Jurnal Telaah dan Riset Akuntansi 1 (1):82-101.
Dusuki, A. W. 2008. What does Islam say about corporate social responsibility. Review of Islamic economics 12 (1):5-28.
Frucot, V., dan W. T. Shearon. 1991. Budgetary participation, locus of control, and Mexican managerial performance and job satisfaction. Accounting review:80-99.
Gelb, D. S., dan P. Zarowin. 2002. Corporate disclosure policy and the informativeness of stock prices. Review of accounting studies 7 (1):33-52.
Ghozali, I. 2013. Aplikasi Analisis Multivariat dengan Program IBM SPSS 21. Edisi 7, Penerbit Universitas Diponegoro, Semarang. Quarterly Journal of Economics 128:1547-1584.
Haniffa, R. 2001. Social responsibility disclosure: An Islamic perspective.
Hill, R. P., T. Ainscough, T. Shank, dan D. Manullang. 2007. Corporate social responsibility and socially responsible investing: A global perspective. Journal of business ethics 70 (2):165-174.
Ibrahim, Z., A. Marshall, dan R. Abdurrahman. 2013. Islamic social disclosure (ISCR) of Malaysian public listed companies: empirical findings. British Journal of Economic, Finance and Management Science 7 (1):1-21.
Jogiyanto, H. 2014. Teori Portofolio dan Analisis Investasi, Edisi Kesembilan. BPEF. Yogyakarta.
Kusuma, H. 2007. Dampak Manajemen Laba terhadap Relevansi Informasi Akuntansi: Bukti Empiris dari Indonesia. Jurnal Akuntansi dan Keuangan 8 (1):pp. 1-12.
Lev, B. 1989. On the usefulness of earnings and earnings research: Lessons and directions from two decades of empirical research. Journal of accounting research 27:153-192.
Merliana, E., dan A. Anggarani. 2015. Pengaruh Kepemilikan Manajerial terhadap Earning Response Coefficient dengan Corporate Social Responsibility Disclosure sebagai Variabel Intervening pada Industri Pertambangan yang Terdaftar di Bursa Efek Indonesia. Paper read at Proceedings Book Seminar dan Konferensi Nasional 2015.
Meutia, I., M. Sudarna, I. Triyuwono, dan U. Ludigdo. 2010. Qualitative Approach to Build the Concept of Social Responsibility Disclosures Based on Shari'ah Enterprise Theory. Master of Business Administration 18 (6):16-34.
Mulawarman, A. D. 2009. Akuntansi Syariah: Teori, Konsep dan Laporan Keuangan. Penerbit e-publishing. Jakarta.
Murwaningsari, E. 2008. Pengujian Simultan: Beberapa Faktor yang Mempengaruhi Earning Response Coefficient (ERC). Simposium Nasional Akuntansi XI. Pontianak:23-24.
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Othman, R., dan A. M. Thani. 2010. Islamic social reporting of listed companies in Malaysia. International Business & Economics Research Journal (IBER) 9 (4).
Othman, R., A. M. Thani, dan E. K. Ghani. 2009. Determinants of Islamic social reporting among top Shariah-approved companies in Bursa Malaysia. Research Journal of International Studies 12 (10):4-20.
Ousama, A., dan A. Fatima. 2010. Factors influencing voluntary disclosure: empirical evidence from Shariah approved companies. Management and Accounting Review (MAR) 9 (1):85-103.
Restuti, M. M. D., dan C. Nathaniel. 2012. Pengaruh pengungkapan corporate social responsibility terhadap earning response coefficient. Jurnal Dinamika Manajemen 3 (1).
Sayekti, Y. 2015. Strategic Corporate Social Responsibility (CSR), Company Financial Performance, and Earning Response Coefficient: Empirical Evidence On Indonesian Listed Companies. Procedia-Social and Behavioral Sciences 211:411-420.
Sayekti, Y., dan L. S. Wondabio. 2007. Pengaruh CSR disclosure terhadap earning response coefficient. Simposium Nasional Akuntansi X:1-35.
Scott, W. R. 2015. Financial Accounting Theory Seventh Edition. United States: Canada Cataloguing.
Sulirman, F., dan S. Carmel Meiden. 2012. Pengaruh CSR Disclosure terhadap Earnings Response Coefficient pada perusahaan yang terdaftar di BEI periode 2007-2009. Jurnal Akuntansi 1 (1).
Triyuwono, I. 2003. Sinergi Oposisi Biner: Formulasi Tujuan Dasar Laporan Keuangan Akuntansi Syari’ ah. Jurnal Iqtisad 4 (1).
Triyuwono, I. S. 2001. Metafora zakat dan shari’ah enterprise theory sebagai konsep dasar dalam membentuk akuntansi syari’ah. Jurnal Akuntansi dan Auditing Indonesia 5 (2):131-145.
Widiastuti, H. 2016. Pengaruh luas ungkapan sukarela dalam laporan tahunan terhadap earnings response coefficient (ERC). Journal of Accounting and Investment 5 (2):187-207.
Ball, R., dan P. Brown. 1968. An empirical evaluation of accounting income numbers. Journal of accounting research:159-178.
Baydoun, N., dan R. Willett. 2000. Islamic corporate reports. Abacus 36 (1):71-90.
Collins, D. W., dan S. Kothari. 1989. An analysis of intertemporal and cross-sectional determinants of earnings response coefficients. Journal of accounting and economics 11 (2-3):143-181.
Darus, F., H. Yusoff, A. Naim, D. Milianna, M. Mohamed Zain, A. Amran, H. Fauzi, dan Y. Purwanto. 2013. Islamic Corporate Social Responsibility (i-CSR) Framework from the Perspective of Maqasid al-Syariah and Maslahah. Issues in Social & Environmental Accounting 7 (2).
Daud, R. M., dan N. A. Syarifuddin. 2008. Pengaruh Corporate Social Responsibility Disclosure, Timeliness, dan Debt To Equity Ratio terhadap Earning Response Coefficient (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). Jurnal Telaah dan Riset Akuntansi 1 (1):82-101.
Dusuki, A. W. 2008. What does Islam say about corporate social responsibility. Review of Islamic economics 12 (1):5-28.
Frucot, V., dan W. T. Shearon. 1991. Budgetary participation, locus of control, and Mexican managerial performance and job satisfaction. Accounting review:80-99.
Gelb, D. S., dan P. Zarowin. 2002. Corporate disclosure policy and the informativeness of stock prices. Review of accounting studies 7 (1):33-52.
Ghozali, I. 2013. Aplikasi Analisis Multivariat dengan Program IBM SPSS 21. Edisi 7, Penerbit Universitas Diponegoro, Semarang. Quarterly Journal of Economics 128:1547-1584.
Haniffa, R. 2001. Social responsibility disclosure: An Islamic perspective.
Hill, R. P., T. Ainscough, T. Shank, dan D. Manullang. 2007. Corporate social responsibility and socially responsible investing: A global perspective. Journal of business ethics 70 (2):165-174.
Ibrahim, Z., A. Marshall, dan R. Abdurrahman. 2013. Islamic social disclosure (ISCR) of Malaysian public listed companies: empirical findings. British Journal of Economic, Finance and Management Science 7 (1):1-21.
Jogiyanto, H. 2014. Teori Portofolio dan Analisis Investasi, Edisi Kesembilan. BPEF. Yogyakarta.
Kusuma, H. 2007. Dampak Manajemen Laba terhadap Relevansi Informasi Akuntansi: Bukti Empiris dari Indonesia. Jurnal Akuntansi dan Keuangan 8 (1):pp. 1-12.
Lev, B. 1989. On the usefulness of earnings and earnings research: Lessons and directions from two decades of empirical research. Journal of accounting research 27:153-192.
Merliana, E., dan A. Anggarani. 2015. Pengaruh Kepemilikan Manajerial terhadap Earning Response Coefficient dengan Corporate Social Responsibility Disclosure sebagai Variabel Intervening pada Industri Pertambangan yang Terdaftar di Bursa Efek Indonesia. Paper read at Proceedings Book Seminar dan Konferensi Nasional 2015.
Meutia, I., M. Sudarna, I. Triyuwono, dan U. Ludigdo. 2010. Qualitative Approach to Build the Concept of Social Responsibility Disclosures Based on Shari'ah Enterprise Theory. Master of Business Administration 18 (6):16-34.
Mulawarman, A. D. 2009. Akuntansi Syariah: Teori, Konsep dan Laporan Keuangan. Penerbit e-publishing. Jakarta.
Murwaningsari, E. 2008. Pengujian Simultan: Beberapa Faktor yang Mempengaruhi Earning Response Coefficient (ERC). Simposium Nasional Akuntansi XI. Pontianak:23-24.
Naimah, Z. 2008. PengaruhResiko Perusahaan danLeverage terhadap Relevansi Nilai Laba Akuntansi. Makalah disajikan pada SNA XI Pontianak:23-25.
OJK. 2015. Roadmap Pasar Modal Syariah 2015-2019. Jakarta: Direktorat Pasar Modal Syariah Otoritas Jasa Keuangan.
Othman, R., dan A. M. Thani. 2010. Islamic social reporting of listed companies in Malaysia. International Business & Economics Research Journal (IBER) 9 (4).
Othman, R., A. M. Thani, dan E. K. Ghani. 2009. Determinants of Islamic social reporting among top Shariah-approved companies in Bursa Malaysia. Research Journal of International Studies 12 (10):4-20.
Ousama, A., dan A. Fatima. 2010. Factors influencing voluntary disclosure: empirical evidence from Shariah approved companies. Management and Accounting Review (MAR) 9 (1):85-103.
Restuti, M. M. D., dan C. Nathaniel. 2012. Pengaruh pengungkapan corporate social responsibility terhadap earning response coefficient. Jurnal Dinamika Manajemen 3 (1).
Sayekti, Y. 2015. Strategic Corporate Social Responsibility (CSR), Company Financial Performance, and Earning Response Coefficient: Empirical Evidence On Indonesian Listed Companies. Procedia-Social and Behavioral Sciences 211:411-420.
Sayekti, Y., dan L. S. Wondabio. 2007. Pengaruh CSR disclosure terhadap earning response coefficient. Simposium Nasional Akuntansi X:1-35.
Scott, W. R. 2015. Financial Accounting Theory Seventh Edition. United States: Canada Cataloguing.
Sulirman, F., dan S. Carmel Meiden. 2012. Pengaruh CSR Disclosure terhadap Earnings Response Coefficient pada perusahaan yang terdaftar di BEI periode 2007-2009. Jurnal Akuntansi 1 (1).
Triyuwono, I. 2003. Sinergi Oposisi Biner: Formulasi Tujuan Dasar Laporan Keuangan Akuntansi Syari’ ah. Jurnal Iqtisad 4 (1).
Triyuwono, I. S. 2001. Metafora zakat dan shari’ah enterprise theory sebagai konsep dasar dalam membentuk akuntansi syari’ah. Jurnal Akuntansi dan Auditing Indonesia 5 (2):131-145.
Widiastuti, H. 2016. Pengaruh luas ungkapan sukarela dalam laporan tahunan terhadap earnings response coefficient (ERC). Journal of Accounting and Investment 5 (2):187-207.
Published
2017-05-05
How to Cite
NASTITI, Ari Sita.
Pengaruh Pengungkapan Islamic Social Reporting terhadap Earnings Response Coefficient.
Jurnal Ekonomi Akuntansi dan Manajemen, [S.l.], v. 16, n. 1, p. 1-17, may 2017.
ISSN 2459-9816.
Available at: <https://jurnal.unej.ac.id/index.php/JEAM/article/view/2739>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.19184/jeam.v15i2.2739.
Issue
Section
Articles
Keywords
Keywords: Earnings Response Coefficient, Indonesia Sharia Stock Index, Informativeness of Earnings, Islamic Social Reporting
