Voluntary Corporate Governance Disclosure (VCGR) Versi Investor dan Determinan VCGR di Indonesia
The purposes of this research are (1) to know the importance level of voluntary corporate governance disclosure (VCGD) in investor version and (2) to know the factual VCGD which is done by public companies in Indonesia and (3) to test determinants of VCGD existence in annual reports of public com...
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| Format: | Article |
| Language: | English |
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Universitas Muhammadiyah Malang
2012-10-01
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| Series: | Jurnal Reviu Akuntansi dan Keuangan |
| Online Access: | http://ejournal.umm.ac.id/index.php/jrak/article/view/1076 |
| _version_ | 1829142413874036736 |
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| author | Anyta, Siti Mutmainah |
| author_facet | Anyta, Siti Mutmainah |
| author_sort | Anyta, Siti Mutmainah |
| collection | DOAJ |
| description | The purposes of this research are (1) to know the importance level of voluntary corporate governance
disclosure (VCGD) in investor version and (2) to know the factual VCGD which is done by
public companies in Indonesia and (3) to test determinants of VCGD existence in annual reports
of public companies in Indonesia. The determinant of VCGD is a set of corporate governance
mechanisms i.e. ownership structure and control mechanisms of the organ of the company, including
(1) the concentration of ownership, (2) institutional ownership, (3) the percentage of
tradable shares, (4) the proportion of independent commissioners, and (5) the independence of
the audit committee.
To know the rate of VCGD’s importance, the questionaires was distributed to investors by email.
The mean score was used to indicate the importance level of each VCGD’s item in investors
version. Based on this result then the relative disclosure index was calculated. A total of 74
annual reports of companies which was chosen by purposive sampling method. To test the determinants
of level of VCGD, regression analysis was used.
The results show that: (1)The capability and integrity of board of director and public access of
companies’ information are the two most important items based on investor ’s opinions; (2) As a
whole, public companies in Indonesia have higher level of VCGD then China’s which has shown
by Yuen, et al. (2009); (3) The percentage of tradable shares (public ownership) is the only
independent variable that has a positive and significant, while the other independent variables
show no significant effect. This study provides empirical evidence for policy makers and regulators
of Indonesia to improve the corporate governance mechanisms and transparency of public
companies. These findings also contribute to improving the understanding of disclosure behavior
among companies listed in Indonesia Stock Exchange (BEI). |
| first_indexed | 2024-12-14T20:30:53Z |
| format | Article |
| id | doaj.art-1c4cde7704a445cd8f671bb0ded9b453 |
| institution | Directory Open Access Journal |
| issn | 2088-0685 2615-2223 |
| language | English |
| last_indexed | 2024-12-14T20:30:53Z |
| publishDate | 2012-10-01 |
| publisher | Universitas Muhammadiyah Malang |
| record_format | Article |
| series | Jurnal Reviu Akuntansi dan Keuangan |
| spelling | doaj.art-1c4cde7704a445cd8f671bb0ded9b4532022-12-21T22:48:32ZengUniversitas Muhammadiyah MalangJurnal Reviu Akuntansi dan Keuangan2088-06852615-22232012-10-01221080Voluntary Corporate Governance Disclosure (VCGR) Versi Investor dan Determinan VCGR di IndonesiaAnyta, Siti MutmainahThe purposes of this research are (1) to know the importance level of voluntary corporate governance disclosure (VCGD) in investor version and (2) to know the factual VCGD which is done by public companies in Indonesia and (3) to test determinants of VCGD existence in annual reports of public companies in Indonesia. The determinant of VCGD is a set of corporate governance mechanisms i.e. ownership structure and control mechanisms of the organ of the company, including (1) the concentration of ownership, (2) institutional ownership, (3) the percentage of tradable shares, (4) the proportion of independent commissioners, and (5) the independence of the audit committee. To know the rate of VCGD’s importance, the questionaires was distributed to investors by email. The mean score was used to indicate the importance level of each VCGD’s item in investors version. Based on this result then the relative disclosure index was calculated. A total of 74 annual reports of companies which was chosen by purposive sampling method. To test the determinants of level of VCGD, regression analysis was used. The results show that: (1)The capability and integrity of board of director and public access of companies’ information are the two most important items based on investor ’s opinions; (2) As a whole, public companies in Indonesia have higher level of VCGD then China’s which has shown by Yuen, et al. (2009); (3) The percentage of tradable shares (public ownership) is the only independent variable that has a positive and significant, while the other independent variables show no significant effect. This study provides empirical evidence for policy makers and regulators of Indonesia to improve the corporate governance mechanisms and transparency of public companies. These findings also contribute to improving the understanding of disclosure behavior among companies listed in Indonesia Stock Exchange (BEI).http://ejournal.umm.ac.id/index.php/jrak/article/view/1076 |
| spellingShingle | Anyta, Siti Mutmainah Voluntary Corporate Governance Disclosure (VCGR) Versi Investor dan Determinan VCGR di Indonesia Jurnal Reviu Akuntansi dan Keuangan |
| title | Voluntary Corporate Governance Disclosure (VCGR) Versi Investor dan Determinan VCGR di Indonesia |
| title_full | Voluntary Corporate Governance Disclosure (VCGR) Versi Investor dan Determinan VCGR di Indonesia |
| title_fullStr | Voluntary Corporate Governance Disclosure (VCGR) Versi Investor dan Determinan VCGR di Indonesia |
| title_full_unstemmed | Voluntary Corporate Governance Disclosure (VCGR) Versi Investor dan Determinan VCGR di Indonesia |
| title_short | Voluntary Corporate Governance Disclosure (VCGR) Versi Investor dan Determinan VCGR di Indonesia |
| title_sort | voluntary corporate governance disclosure vcgr versi investor dan determinan vcgr di indonesia |
| url | http://ejournal.umm.ac.id/index.php/jrak/article/view/1076 |
| work_keys_str_mv | AT anytasitimutmainah voluntarycorporategovernancedisclosurevcgrversiinvestordandeterminanvcgrdiindonesia |