Financial Reporting Quality, Investment Efficiency, and the Role of Indonesian Sharia Stock Index (ISSI) as a Moderating Variable
This study aims to examine the effect of financial reporting quality on investment efficiency and the role of Indonesian Sharia Stock Index (ISSI) as moderating. This study employed Panel Data Regression and Moderated Regression Analysis (MRA). The research population is all sector companies listed...
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| Format: | Article |
| Language: | English |
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cita konsultindo
2023-07-01
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| Series: | Asian Journal of Management, Entrepreneurship and Social Science |
| Subjects: | |
| Online Access: | https://ajmesc.com/index.php/ajmesc/article/view/468 |
| _version_ | 1797770852640489472 |
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| author | Amilia Rohma Sutrisno Sutrisno Aulia Fuad Rahman |
| author_facet | Amilia Rohma Sutrisno Sutrisno Aulia Fuad Rahman |
| author_sort | Amilia Rohma |
| collection | DOAJ |
| description |
This study aims to examine the effect of financial reporting quality on investment efficiency and the role of Indonesian Sharia Stock Index (ISSI) as moderating. This study employed Panel Data Regression and Moderated Regression Analysis (MRA). The research population is all sector companies listed on the Indonesia Stock Exchange (IDX), with the exception of financial sector companies. Based on the purposive sampling method, 292 companies were selected as the samples (876 firm-year observations). The result of this study provides empirical evidence that the existence of financial reporting quality can increase investment efficiency (decrease overinvestment and underinvestment) using three proxies of financial reporting quality are discretionary accruals (Kothari et al 2005, discretionary accruals (Kasznik, 1999); and discretionary revenue (McNichols and Stubben, 2008). Besides that, Indonesian Sharia Stock Index (ISSI) plays a role in the positive relationship between financial reporting quality and investment efficiency using the same proxies as Hypothesis 1
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| first_indexed | 2024-03-12T21:28:04Z |
| format | Article |
| id | doaj.art-d44649067c7942cdb4e2f5d28af39037 |
| institution | Directory Open Access Journal |
| issn | 2808-7399 |
| language | English |
| last_indexed | 2024-03-12T21:28:04Z |
| publishDate | 2023-07-01 |
| publisher | cita konsultindo |
| record_format | Article |
| series | Asian Journal of Management, Entrepreneurship and Social Science |
| spelling | doaj.art-d44649067c7942cdb4e2f5d28af390372023-07-28T03:49:44Zengcita konsultindoAsian Journal of Management, Entrepreneurship and Social Science2808-73992023-07-01303Financial Reporting Quality, Investment Efficiency, and the Role of Indonesian Sharia Stock Index (ISSI) as a Moderating VariableAmilia Rohma0Sutrisno Sutrisno1 Aulia Fuad Rahman2Accounting Department, Faculty of Economics and Business, Brawijaya University, Malang, IndonesiaProfessor, Accounting Department, Faculty of Economics and Business, Brawijaya University, Malang, IndonesiaAssociate Professor, Accounting Department, Faculty of Economics and Business, Brawijaya University, Malang, Indonesia This study aims to examine the effect of financial reporting quality on investment efficiency and the role of Indonesian Sharia Stock Index (ISSI) as moderating. This study employed Panel Data Regression and Moderated Regression Analysis (MRA). The research population is all sector companies listed on the Indonesia Stock Exchange (IDX), with the exception of financial sector companies. Based on the purposive sampling method, 292 companies were selected as the samples (876 firm-year observations). The result of this study provides empirical evidence that the existence of financial reporting quality can increase investment efficiency (decrease overinvestment and underinvestment) using three proxies of financial reporting quality are discretionary accruals (Kothari et al 2005, discretionary accruals (Kasznik, 1999); and discretionary revenue (McNichols and Stubben, 2008). Besides that, Indonesian Sharia Stock Index (ISSI) plays a role in the positive relationship between financial reporting quality and investment efficiency using the same proxies as Hypothesis 1 https://ajmesc.com/index.php/ajmesc/article/view/468Financial Reporting Quality; Investment Efficiency; Indonesian Sharia Stock Index |
| spellingShingle | Amilia Rohma Sutrisno Sutrisno Aulia Fuad Rahman Financial Reporting Quality, Investment Efficiency, and the Role of Indonesian Sharia Stock Index (ISSI) as a Moderating Variable Asian Journal of Management, Entrepreneurship and Social Science Financial Reporting Quality; Investment Efficiency; Indonesian Sharia Stock Index |
| title | Financial Reporting Quality, Investment Efficiency, and the Role of Indonesian Sharia Stock Index (ISSI) as a Moderating Variable |
| title_full | Financial Reporting Quality, Investment Efficiency, and the Role of Indonesian Sharia Stock Index (ISSI) as a Moderating Variable |
| title_fullStr | Financial Reporting Quality, Investment Efficiency, and the Role of Indonesian Sharia Stock Index (ISSI) as a Moderating Variable |
| title_full_unstemmed | Financial Reporting Quality, Investment Efficiency, and the Role of Indonesian Sharia Stock Index (ISSI) as a Moderating Variable |
| title_short | Financial Reporting Quality, Investment Efficiency, and the Role of Indonesian Sharia Stock Index (ISSI) as a Moderating Variable |
| title_sort | financial reporting quality investment efficiency and the role of indonesian sharia stock index issi as a moderating variable |
| topic | Financial Reporting Quality; Investment Efficiency; Indonesian Sharia Stock Index |
| url | https://ajmesc.com/index.php/ajmesc/article/view/468 |
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