Firms' Characteristics Affecting The Level Of Voluntary Disclosure Of Indonesian Companies Listed On The Jakarta Stock Exchange
| dc.contributor.author | ARIFIN | |
| dc.date.accessioned | 2016-11-04T03:31:29Z | |
| dc.date.available | 2016-11-04T03:31:29Z | |
| dc.date.issued | 2002-05 | |
| dc.description.abstract | This study has sought to investigate firms' characteristics affecting the level of voluntary disclosure of Indonesian companies listed on the Jakarta Stock Exchange. Voluntary disclosure items were determined by observing information presented in annual reports and by referring to a large number of voluntary items found by previous researchers in other countries. These voluntary items were then compared with the Indonesian Accounting Standard and the Capital Market Executive Agency's (BAPEPAM) regulations. A discussion with some professional parties was conducted after which a final list of voluntary items was derived. As a basis for scoring the level of voluntary disclosure of each company, a survey was conducted to determine the importance of each voluntary item as perceived both by users and preparers of annual reports. Based on responses from 78 institutional users (i.e. stockbrokers, investment managers, and underwriters) who are listed as members of the Jakarta Stock- Exchange and 58 preparers (financial directors of public-listed companies), a list of weighted score of importance of each item was determined. There are nineteen voluntary items that can be recommended to the Indonesian regulatory bodies to be made as mandatory since these items were highly ranked in importance by both users and preparers. It was also found that there are four firms' characteristics (Le. the board of directors' composition, firm size, firm operation, and industry types) that have a significant influence on the level of voluntary disclosure. Audit committee, leverage, and profitability were not found to be significant. This study also found that the main reason companies disclose voluntary items is to describe detailed condition or performance of the company so as to attract new shareholders, and to raise capital from the market. | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/2982 | |
| dc.subject | Firms' Characteristics Affecting The Level Of Voluntary Disclosure | en_US |
| dc.subject | Of Indonesian Companies Listed On The Jakarta Stock Exchange | en_US |
| dc.title | Firms' Characteristics Affecting The Level Of Voluntary Disclosure Of Indonesian Companies Listed On The Jakarta Stock Exchange | en_US |
| dc.type | Thesis | en_US |
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