Hubungan Pengadopsian International Financial Reporting Standard (IFRS) dengan Penerapan Corporate Governance (studi Kasus Pada Johannesburg Stock Exchange)
ASTUTI, YOANNA KURNIA (Adv.: Arif Surya Irawan, S.E., M.Com), Arif Surya Irawan, S.E., M.Com
Penelitian ini bertujuan untuk menguji hubungan pengadopsian International Financial Reporting Standard (IFRS) dengan penerapan corporate governance yang dilihat melalui South African Corporate Governance Index. Penelitian ini memprediksi bahwa pengadopsian IFRS akan memiliki hubungan positif dengan penerapan corporate governance.
Sampel penelitianini terdiri dari 40 perusahaan manufaktur yang terdaftar pada industri basic materials, industrials, consumer goods, serta oil and gas di Johannessburg Stokc Exchange selama periode observasi pada tahun 2004 hingga 2006. Penelitianini menilai penerapan corporate governace berdasarkan pengungkapan dalam laporan tahunan perusahaan pada 1 tahun sebelum dan 1 tahun sesudah adopsi IFRS.
Hasil penelitian ini menolak hipotesis alternatif yang diajukan bahwa pengadopsian IFRS tidak berpengaruh positif terhadap penerapan corporate governance pada perusahaan publik di Republik Afrika Selatan.Variabel kontrol yang digunakan pada penelitian ini sama pada sebelum dan sesudah adopsi IFRS yaitu ukuran perusahaan, pertumbuhan, debt to assets, industry dummy, danukuran KAP. Hasil penelitian ini menunjukkan bahwa adopsi IFRS tidak berpengaruh positif terhadap penerapan corporate governance.
The aim of this study is to examine the relationship between adoption of Financial Reporting Standard and corporate governance practice measured by South Africa Corporate Governance Index (SACGI). This study predicts that adoption of IFRS will positively related with corporate governance practice.
Samples of this study are 40 manufacture companies listed at basic materials, industrials, consumer goods, and oil and gasindustry on Johanessburg Stock Exchange during 2004-2006 observation period. This study examines the corporate governance practice based on disclosure of companyÂ’s annual report a year before and after IFRS adoption.
The result of this study rejects the proposed hypothesis saying that the adoption of IFRS has no statistically significant relationship with corporate governance practice on JES listed companies in Republic South Africa. The variables explaining corporate governance practice are same before and after adoption of IFRS (size, growth, debt to assets, industry dummy, and big4). This result suggests that adoption of high quality standard doesnÂ’t provide a better accounting quality that lead to better corporate governance practice.
Kata Kunci : : IFRS, corporate governace, accounting quality, South Africa Corporate Governace Index (SACGI),
