Study Respon Investor Terhadap Opini Going Concern

Aji Prasetyo

Abstract


This research aims to analyze the response of investors to the going concern opinion on issuers listed on the Indonesia Stock Exchange.

The population used in this research are all companies listed on the Indonesia Stock Exchange (IDX) in 2012-2013 so that the number of samples (n) = 106. Determination of sample do with purposive sampling method, samples are selected using criteria specified.

Samples of data are collected using literature study and documentation. The data collected will be analyzed with descriptive statistical analysis, Different test and classical assumption. Descriptive statistical analysis was conducted to determine the dispersion and distribution of data. Different test is used to test the differences between the two variables are then used to test the research hypotheses. While the classical assumption test was conducted to test the feasibility of multiple linear regression models were then used to test the research hypotheses.

In this research found evidence that there is no difference between the abnormal returns before going concern opinion issued by after receiving going concern opinion, there is no difference between the abnormal return issuers obtain going concern opinion with which to obtain an unqualified opinion and no significant influence going concern opinion to the cumulative abnormal return.


Keywords


going concern opinion, unqualified opinion, cummulative abnormal return

Full Text:

PDF

References


Biro Riset Ekonomi Direktorat Riset Ekonomi dan Kebijakan Moneter, Bank Indonesia (2009), “Outlook Ekonomi Indonesia: Krisis Finansial Global dan Dampaknya terhadap Perekonomian Indonesia”.

Bursa Efek Jakarta (2011), “Indonesian Capital Market Directory”, Institute For Economic And Financial Research.

------------------------ (2012), “Indonesian Capital Market Directory”, Institute For Economic And Financial Research.

------------------------ (2013), “Indonesian Capital Market Directory”, Institute For Economic And Financial Research.

Diah Kusuma Wardhani. (2008), “Pengaruh Corporate Governance Terhadap Kinerja Perusahaan di Indonesia”, Skripsi, Universitas Islam Indonesia.

Edy Rismanda Sembiring. (2005), “Karakteristik Perusahaan dan Pengungkapan Tanggung Jawab Sosial: Studi Empiris pada Perusahaan yang Tercatat di BEJ”, Simposium Nasional Akuntansi VIII.

Eugene F. Brigham dan Joel F. Houston (2009), Essentials of Financial Management, Edisi ke 2, Singapura: Cengage Learning Asia Pte Ltd.

Fama, Eugene F. (1992), “Efficient Market: A Review of Theory and Empirical Work”, Journal of Finance, 25 (2):383-417.

------------------------ dan Kenneth R. French (1992), “The Cross-Section of Expected Stock Returns.” The Journal o f Finance 47, no. 2: 427-465.Journal of Finance 47, no. 2: 427-465.

Firth, Michael (1978), “Qualified Audit Reports: Their Impact on Investment Decisions.” The Accounting Review 53, no. 3: 642-650.

Hani, Clearly, dan Mukhlasin (2003), “Going Concern dan Opini Audit: Suatu Studi pada Perusahaan Perbankan di BEJ”, Simposium Nasional Akuntansi VI.

Horne, James C. V. and Wachoviz Jr, John M. (2008), “Fundamental of Financial Management 13th ed”, New Jersey: Prentice Hall International.

Ikatan Akuntan Indonesia (2012), “Standar Akuntansi Keuangan Per 1 Juni 2012”, Jakarta: Ikatan Akuntan Indonesia.

Institut Akuntan Publik Indonesia (2011), “Standar Profesional Akuntan Publik”, Jakarta: Salemba Empat.

Jogiyanto H. M, (2000), “Teori Portofolio dan Analisis Investasi”, Edisi 3, BPFE UGM, Yogyakarta.

---------------------, (2003), “Teori Portofolio dan Analisis Investasi”, Edisi Ketiga, Yogyakarta: BPFE, Yogyakarta.

---------------------, (2009), “Teori Portofolio dan Analisis Investasi”, Yogyakarta: BPFE, Yogyakarta.

Kevin C. W. Chen dan Bryan K. Church (1992), “Default on Debt Obligations and The Issuance of Going-Concern Report”, Auditing: Journal Practice and Theory, Fall, 30-49.

------------------------------------------------ (1996), “Going Concern Opinions and the Market's Reaction to Bankruptcy Filings”, The Accounting Review, 117-128.

Lianny Leo (2007), “Incremental Information Content dalam Opini Audit Unqualified dengan Paragraf Penjelasan, Jurnal Akuntansi dan Keuangan Indonesia, Vol.4, No.2, hal.115-168.

Marisi P. Purba (2009),” Asumsi Going Concern Suatu Tinjauan Terhadap Dampak Krisis Keuangan atas Opini Audit dan Laporan Keuangan”, Yogyakarta: Graha Ilmu.

Michael C. Jensen dan William H. Meckling (1976), “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure”, Journal of Financial Economics, Vol. 3, No. 4.

Putu Terestiani Dadri (2011), “Pengaruh Investment Opportunity Set dan Struktur Modal terhadap Return Saham Pada Perusahaan Farmasi di Bursa Efek Indonesia”, Tesis, Universitas Udayana.

Richard J. Taffler and Christine E.L.Tan (2006), “The Impact of Bankruptcy on the Value of the Auditor’s Going Concern Opinion to Investors”, CAAA 2006 Annual Conference Paper.

Thio Anastasia Petronela (2004), “Pertimbangan Going Concern Perusahaan Dalam Pemberian Opini Audit”, Jurnal Balance, 45-54.

William F. Messier, Jr, Steven M. Glover, dan Douglas F. Prawitt (2006), “Auditing and Assurance Services a Systematic Approach, Jasa Audit & Assurance Pendekatan Sistematis”, Edisi 4 Indonesia Buku Satu, Jakarta: Salemba Empat.

Yulius Kurnia Susanto (2009), “Faktor-Faktor yang Mempengaruhi Penerimaan Opini Audit Going Concern pada Perusahaan Publik Sektor Manufaktur”, Jurnal Bisnis Dan Akuntansi Vol. 11, No. 3, 155-173.




DOI: https://doi.org/10.31334/bijak.v14i2.20

DOI (PDF): https://doi.org/10.31334/bijak.v14i2.20.g19

Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Majalah Ilmiah Bijak

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

MAJALAH ILMIAH BIJAK

ISSN 1411-0830 (Media Cetak) 2621-749X (Media Online)
Email :  bijakjournal@gmail.com / jurnal.bijak@stiami.ac.id
Website: http://ojs.stiami.ac.id/index.php/bijak/index

 

View My Stats

 

 

INDEKS BY: