Peran Tata Kelola Perusahaan Dalam Respon Investor Atas Penerapan Nilai Wajar Properti Investasi Dan Aset Tetap di Indonesia

Abstract

Investors consider the good firm value of the company in the hope of providing additional wealth in the future. Company information announced to the public provides a signal for investors regarding company policies. Fair value accounting provides more timely and transparent information to investors to assess the financial position and the entity performance if it refers to the prevailing values. This study examines the association of applying fair value to investment properties and fixed assets with firm value. This research method employs a quantitative approach. In addition, this study examines the role of corporate governance in the relationship between the application of the fair value of investment properties and fixed assets with firm value. The research data sources from the financial statements of property and real estate sub-sector companies listed on the Indonesia Stock Exchange (IDX) are from www.idx.co.id. Moreover, stock price information is sourced from www.finance.yahoo.com from 2016 to 2019. Based on purposive sampling, the total sample of this study amounted to 52 observations. This study indicates that the implementation of fair value to investment properties is positively associated with firm value, while the application of fair value to fixed assets is negatively associated with firm value. Meanwhile, corporate governance cannot moderate the positive effect of implementing the fair value of investment properties and fixed assets with firm value. This research indicates that the Financial Services Authority needs to improve its corporate governance policies and monitor the implementation of corporate governance applied to companies listed on the IDX.

Pengaruh Persistensi Laba, Kualitas Auditor, Dan Tata Kelola Perusahaan Terhadap Biaya Utang Bumn Sektor Non-Keuangan

“…Selain itu, penelitian ini mengembangkan pengukuran tata kelola perusahaan melalui indeks pengungkapan implementasi prinsip tata kelola perusahaan sesuai dengan Surat Edaran Otoritas Jasa Keuangan No. 32/SEOJK/04/2015 tentang Pedoman Tata Kelola Perusahaan Terbuka sejalan dengan penelitian Geno & Firmansyah (2022) dan (Intan Permata Sari, Trisnawati, and Firmansyah 2023).…”

“…Pengukuran indeks berdasarkan SE OJK No. 32/SEOJK/.04/2015 digunakan dalam penelitian ini didasarkan pada penelitian Geno & Firmansyah (2022) dan Sari et al (2023). Penilaian dilakukan melalui variabel dummy, dimana ketika perusahaan memenuhi kriteria rekomendasi akan diberi nilai 1, sedangkan jika tidak akan diberi nilai 0.…”

Dampak Penerapan PSAK 73 Terhadap Nilai Perusahaan Di Indonesia: Aset Hak Guna Dan Utang Sewa

“…Penelitian ini berbeda dengan penelitian sebelumnya yaitu dengan menguji item khusus di laporan posisi keuangan ketika PSAK 73 diterapkan di Indonesia dikaitkan dengan respon pasar di Indonesia yang masih jarang dilakukan di Indonesia. Penelitian pengujian terhadap nilai perusahaan sebelumnya pada umumnya tidak menguji secara khusus atas dampak penerapan atas standar baru (Emanuel et al, 2022;Geno & Firmansyah, 2022;Haryanto et al, 2018;Nasution, 2020;Salman et al, 2020;Zurriah, 2021).…”

Do Fair Value Decisions Increase Idiosyncratic Risk?

“…Financial statements are a source of information for investors because this information can be used as a source of relevant information in decisionmaking (Firmansyah et al, 2021). Since Indonesia adopted IFRS-based financial accounting standards in 2012, applying fair value accounting is permitted instead of just using historical cost-based accounting (Geno & Firmansyah, 2022). Fair value is one of the IASB's breakthroughs in developing accounting standards that protect the interests of financial report users (Fajriana & Aviyanti, 2019).…”