Apakah konvergensi International Financial Reporting Standards meningkatkan relevansi nilai informasi akuntansi?
DOI:
https://doi.org/10.24914/jeb.v22i1.2101Keywords:
the relevance value of accounting information, the company size, IFRS convergenceAbstract
This study aims to test the quality of accounting information during the IFRS convergence period in Indonesia. Value relevance acts as the proxy of the quality of accounting information since highly qualified accounting information exhibits high value relevance. The paper uses two research models, namely price model (PM) and return model (RM). The research sample is 26 banking firms that have been listed at the Indonesian Stock Exchange (IDX) before 2008. The observation periods (2008-2016) is divided into four periods: the industry SFAC process (2008-2009), the IFRS convergence process (2010-2011), the first phase of IFRS convergence (2012-2013), and the second phase of IFRS convergence (2015-2016). The multiple regression empirically tests the hypothesis. The results indicates that Indonesian banking firms exhibit increasing value relevance of their accounting information during the IFRS convergence period in Indonesia. To ensure the robustness of the results, the sensitivity analysis tests the hypothesis in large and small subsamples. The sensitivity test suggests that the results remain qualitatively similar in both large and small subsamples.
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