Instutional ownership and earnings opacity

Zuhrohtun, Zuhrohtun and Yulianti, Retno and Kusumawardhani, Indra and Yulita Fitriani, Lita (2015) Instutional ownership and earnings opacity. In: Proceeding : 27th Asian-Pacific Conference on International Accounting Issue, 1-4 November 2015, Australia.

Proceeding 2015.pdf

Download (7MB) | Preview


The level of earnings opacity in Indonesia is very high. One cause of the high eamings opacity of a country is concentrated ownership (Anderson et a1. 2006; Arderson et al. 2009)- Most of single majority shareholders in Indonesia are institutions, including govemment, bank, insurance, pen"sion, and mutual fund, thus, it is assumed that each kind of single majority shareholders has different motivation towards corporate eamings opacity level. Therefore, the purpose of this study is to test the effect of institutional ownership on eamings opacity. Sarnple of this study "orrrirt, of all firms listed on Indonesia Stock Exchange in 2009-2013. Regression analysis test hypothesis is used in this study. This study builds an index to nreasure eanriugs opacity. The nndings suggest that: (1) the higher concentrated ownership by govenm-rent tends to have greater ea.nin-gs opaity (2) the higher concentrated or,vnership by bank tends to have greater eamings opacit| (3) firms with conientrated ownership by pension fund teuds to have liigher earnings opacity (4) firms with concentrated ownership by mutual fund tends to have higher earnings opacity. Keywords'. earnings opacity, institusional ownership, government, bank, insurannce, pension fund, mutual fund

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: SE MSc. Ak Indra Kusumawardhani
Date Deposited: 31 May 2018 02:32
Last Modified: 31 May 2018 03:02

Actions (login required)

View Item View Item