INTEGRATED REPORTING DAN KEPUTUSAN INVESTASI: PRINSIP KONEKTIVITAS DAN TIME HORIZON INVESTASI

Murdiyati Dewi, Dian Agustia, Ardianto Ardianto

Sari

Pelaporan terintegrasi adalah laporan yang berisi informasi keuangan dan non-keuangan yang mengkomunikasikan proses penciptaan nilai oleh perusahaan. Salah satu prinsip utama pelaporan terintegrasi adalah prinsip konektivitas. Penelitian ini bertujuan menguji pengaruh konektivitas dan time horizon investasi terhadap keputusan jumlah investasi. Penelitian ini  menggunakan pendekatan eksperimen dengan desain faktorial 2 x 2 dengan responden 87 mahasiswa S1 akuntansi sebagai surrogate investor non profesional. Material kasus adalah bagian laporan terintegrasi salah satu perusahaan dalam database International Integrated Reporting Council, dengan modifkasi dalam bentuk diagram yang menggambarkan konektivitas informasi dan modal. Hipotesa diuji dengan ANOVA dan efek dari perlakuan dengan uji post hoc. Hasil menunjukkan bahwa investor non profesional dengan laporan terintegrasi berkonektivitas tinggi memiliki keputusan jumlah investasi lebih besar dari investor non profesional dengan laporan terintegrasi berkonektivitas rendah. Sebaliknya, investor non-profesional dengan laporan terintegrasi berkonektivitas tinggi dan investasi jangka panjang memutuskan jumlah investasi lebih besar dari investor non-profesional dengan laporan terintegrasi berkonektivitas rendah dan investasi jangka pendek, adalah tidak didukung. Hasil penelitian menunjukkan prinsip konektivitas dapat meningkatkan kemanfaatan keputusan dari laporan terintegrasi.

 

 

Kata Kunci

Pelaporan terintegrasi, prinsip konektivitas, time horizon investasi, keputusan investasi

Teks Lengkap:

PDF

Referensi

Adams, S., dan R. Simnett, 2011. Integrated Reporting: An opportunity for Australia's not‐for‐profit sector. Australian Accounting Review 21(3): 292-301.

Adhariani, D., dan C. de Villiers. 2019. Integrated reporting: perspectives of corporate report preparers and other stakeholders. Sustainability Accounting, Management and Policy Journal 10(1): 126-156.

Haji, A.A., dan M. Anifowose 2016. The trend of integrated reporting practice in South Africa: ceremonial or substantive? Sustainability Accounting, Management and Policy Journal 7(2): 190-224.

Arnold, M., A. Bassen, dan R. Frank 2018. Timing effects of corporate social responsibility disclosure: an experimental study with investment professionals. Journal of sustainable finance & investment 8(1): 45-71.

Baboukardos, D., dan G. Rimmel 2016. Value relevance of accounting infor- mation under an integrated reporting approach: A research note. Journal of Accounting and Public Policy 35(4): 437-452.

Barth, M. E., S. F. Cahan, L. Chen, dan E. R. Venter 2016. The economic consequences associated with integrated report quality: early evidence from a mandatory setting. University of Pretoria, unpublished working paper.

Bernardi, C., dan A. W. Stark 2018. Environmental, social and governance disclosure, integrated reporting, and the accuracy of analyst forecasts. The British Accounting Review 50(1): 16-31.

Camilleri, M. A. 2017. The integrated reporting of financial, social and sustainability capitals: a critical review and appraisal. International Journal of Sustainable Society 9(4): 311-326.

Cheng, M. M., W. J. Green, dan J. C. W. Ko 2014. The impact of strategic relevance and assurance of sustainability indicators on investors' decisions. Auditing: A Journal of Practice & Theory 34(1): 131-162.

Dong, L. 2017. Understanding investors’ reliance on disclosures of nonfinancial information and mitigating mechanisms for underreliance. Accounting and Business Research 47(4): 431-454.

Dumay, J., C. Bernardi, J. Guthrie, dan M. La Torre 2017. Barriers to implementing the International Integrated Reporting Framework: A contemporary academic perspective. Meditari Accountancy Research 25(4): 461-480.

Eccles, R. G., dan M. P. Krzus 2010. One report: Integrated reporting for a sustainable strategy: John Wiley dan Sons.

Eccles, R. G., M. P. Krzus, dan C. Solano 2019. A Comparative Analysis of Integrated Reporting in Ten Countries. Available at SSRN.

Feng, T., L. Cummings, dan D. Tweedie 2017. Exploring integrated thinking in integrated reporting–an exploratory study in Australia. Journal of Intellectual Capital 18(2): 330-353.

García‐Sánchez, I. M., dan L. Noguera‐ Gámez 2017. Integrated reporting and stakeholder engagement: The effect on information asymmetry. Corporate Social Responsibility and Environmental Management 24(5): 395-413.

Green, W. J., dan M. M. Cheng 2019. Materiality judgments in an integrated reporting setting: The effect of strategic relevance and strategy map. Accounting, Organizations and Society 73: 1-14.

GRI. 2013. The sustainability content of integrated reports a survey of pioneers. In Research and Development Series (Ed.). Amsterdam.

Gunarathne, N., dan S. Senaratne 2017. Diffusion of integrated reporting in an emerging South Asian (SAARC) nation. Managerial Auditing Journal 32(4/5): 524-548.

Hair, J. F., W. C. Black, B. J. Babin, R. E. Anderson, dan R. L. Tatham 2006. Multivariate data analysis (6): Upper Saddle River, NJ: Pearson Prentice Hall.

IIRC. 2013. The International Framework: IIRC.

IIRC. 2017. International Framework Implementation Feedback: IIRC.

Lee, K.-W., dan G. H.-H. Yeo 2016. The association between integrated repor- ting and firm valuation. Review of Quantitative Finance and Accounting 47(4): 1221-1250.

Libby, R., dan B. L. Lewis 1977. Human information processing research in accounting: The state of the art. Accounting, Organizations and Society 2(3): 245-268.

Liyanarachchi, G. A. 2007. Feasibility of using student subjects in accounting experiments: a review. Pacific Accounting Review 19(1): 47-67.

McEwen, R. A., dan M. J. Welsh 2001. The effect of bias on decision usefulness: A review of behavioral financial accounting research Advances in Accounting Behavioral Research (pp. 3-24): Emerald Group Publishing Limited.

Nahartyo, E. 2012. Desain dan Implementasi Riset Eksperimen. UPP STIM YKPN. Yogyakarta.

Pavlopoulos, A., C. Magnis, dan G. E. Iatridis 2017. Integrated reporting: Is it the last piece of the accounting disclosure puzzle? Journal of Multinational Financial Management 41: 23-46.

Rensburg, R., dan E. Botha 2014. Is Integrated Reporting the silver bullet of financial communication? A stake- holder perspective from South Africa. Public Relations Review 40(2): 144-152.

Rinaldi, L., J. Unerman, dan C. De Villiers 2018. Evaluating the integrated reporting journey: insights, gaps and agendas for future research. Accounting, Auditing & Accountability Journal 31(5): 1294-1318.

Rivera-Arrubla, Y. A., A. Zorio-Grima, dan M. A. García-Benau. 2017. Integrated reports: disclosure level and explanatory factors. Social Responsibility Journal 13(1): 155-176.

Serafeim, G. 2015. Integrated reporting and investor clientele. Journal of Applied Corporate Finance 27(2) 34-51.

Silvestri, A., S. Veltri, A. Venturelli, dan S. Petruzzelli 2017. A research template to evaluate the degree of accountability of integrated reporting: a case study. Meditari Accountancy Research 25(4): 675-704.

Slack, R., dan I. Tsalavoutas 2018. Integrated Reporting decision usefulness: mainstream equity market views. Paper presented at the Accounting Forum.

Staubus, G. J. 2010. Accounting, accountability, auditing, and financial scandals over the centuries. Available at SSRN 1733229.

Staubus, G. J. 2013. The decision usefulness theory of accounting: A limited history: Routledge.

Stocks, M. H., dan A. Harrell 1995. The impact of an increase in accounting information level on the judgment quality of individuals and groups. Accounting, Organizations and Society 20(7-8): 685-700.

Velte, P., dan M. Stawinoga 2017. Integrated reporting: The current state of empirical research, limitations and future research implications. Journal of Management Control 28(3): 275-320.

Villiers, C., E. R. Venter, dan P.-C. K. Hsiao 2016. Integrated reporting: background, measurement issues, approaches and an agenda for future research. Accounting & Finance.

Zhou, S., R. Simnett, dan W. Green 2017. Does integrated reporting matter to the capital market? Abacus 53(1): 94-132.

Refbacks

  • Saat ini tidak ada refbacks.