Factors Affecting Risk Disclosure in Listed Indonesian Consumer Goods Industry Companies
DOI:
https://doi.org/10.19166/derema.v14i2.1435Schlagworte:
Risk Disclosure, foreign ownership, public ownership, profitability, firm sizeAbstract
The demand for information disclosure by investors is increasing especially the disclosure related to nonfinancial information since investment activity is an activity that contains risks and uncertainties. The purpose of this research is to analyze the effect of foreign share ownership, public share ownership, profitability, and company size on risk disclosure. The agency theory and the stakeholder theory are used as the supporting theory in this research. This research population is listed consumer goods industry companies in 2013-2015. The data were selected using purposive sampling. The 75 data from 25 companies were collected and analysed using multiple linear regressions. The results of this research are foreign share ownership has significant effect on risk disclosure, firm size has significant effect on risk disclosure, public share ownership has no significant effect on risk disclosure, and profitability has no significant effect on risk disclosure. This research is expected to be able to contribute to provide a more understanding of the importance of risk disclosure and the important factors affecting the risk disclosure.
Bahasa Indonesia Abstrak Kebutuhan investor atas pengungkapan informasi meningkat terutama pengungkapan yang terkait informasi non keuangan karena aktivitas investasi merupakan aktivitas yang mengandung risiko dan ketidakpastian. Tujuan dari penelitian ini adalah untuk menganalisis pengaruh kepemilikan saham asing, kepemilikan saham publik, profitabilitas, and ukuran perusahaan pada pengungkapan risiko. Teori keagenan dan teori pemangku kepentingan digunakan sebagai teori pendukung pada penelitian ini. Penelitian ini menggunakan populasi perusahaan industri barang konsumsi yang terdaftar pada Bursa Efek Indonesia pada tahun 2013-2015. Data dipilih menggunakan purposive sampling. 75 data dari 25 perusahaan industri barang konsumsi dikumpulkan dan dianalisis dengan regresi linear berganda. Penelitian ini memberikan hasil sebagai berikut: kepemilikan saham asing mempunyai pengaruh signifikan pada pengungkapan risiko, ukuran perusahaan mempunyai pengaruh signifikan pada pengungkapan risiko, kepemilikan saham publik tidak mempunyai pengaruh signifikan pada pengungkapan risiko, dan profitabiltas tidak mempunyai pengaruh signifikan pada pengungkapan risiko. Penelitian ini diharapkan dapat berkontribusi memberikan pemahaman yang lebih banyak atas pentingnya pengungkapan risiko dan faktor penting yang mempengaruhi pengungkapan risiko.
Literaturhinweise
Adelopo, I. (2011). Voluntary Disclosure Practices amongst Listed Companies in Nigeria. Advances in Accounting, 27(2), 338-345. https://doi.org/10.1016%2Fj.adiac.2011.08.009
Amran, A., Bin, A.M.R., & Hassan, B. (2009). Risk Reporting: An Exploratory Study on Risk Management Disclosure in Malaysian Annual Reports. Managerial Auditing Journal, 24(1), 39-57. https://doi.org/10.1108/02686900910919893
Beretta, S., & Bozzolan, S. (2004). A Framework for the Analysis of Firm Risk Communication. The nternational Journal of Accounting, 39(3), 265-288. https://doi.org/10.1016%2Fj.intacc.2004.06.006
Cabedo, J., & Tirado, J. (2004). The Disclosure of Risk in Financial Statements. Accounting Forum, 28(2), 181-200. https://doi.org/10.1016/j.accfor.2003.10.002
Cole, C., & Jones, C. (2005). Management Discussion and Analysis: A Review and Implications. Journal of Accounting Literature, 24, 135-174.
Elzahar, H., & Hussainey, K. (2012). Determinants of Narrative Risk Disclosures in UK Interim Reports. The Journal of Risk Finance, 13(2), 133-147. https://doi.org/10.1108/15265941211203189
Freeman, R., & Reed, D. (1983). Stockholders and Stakeholders: A New Perspective on Corporate Governance. California Management Review, XXV(3), 88-106. https://doi.org/10.2307%2F41165018
Jensen, M., & Meckling, W. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305-360. https://doi.org/10.1016%2F0304-405x%2876%2990026-x
Lajili, K., & Zeghal, D. (2005). A Content Analysis of Risk Management Disclosures in Canadian Annual Reports. Canadian Journal of Administrative Sciences, 22(2), 125-142. https://doi.org/10.1111%2Fj.1936-4490.2005.tb00714.x
Linsley, P., & Shrives, P. (2006). Risk Reporting: A Study of Risk Disclosures in the Annual Reports of UK Companies. The British Accounting Review, 38(4), 387-404. https://doi.org/10.1016%2Fj.bar.2006.05.002
Lipunga, A. M. (2014). Risk Disclosure Practices of Malawian Commercial Banks. Journal of Contemporary Issues in Business Research, 3(3), 154-167.
Madrigal, M. H., Guzman, B. A., & Guzman, C. A. (2015). Determinants of Corporate Risk Disclosure in Large Spanish Companies: A Snapshot. Contaduria y Administracion, 60(4), 757-775. https://doi.org/10.1016%2Fj.cya.2015.05.014
Miihkinen, A. (2012, December). What Drives Quality of Firm Risk Disclosure?: The Impact of a National Disclosure Standard and Reporting Incentives Under IFRS. The International Journal of Accounting, 47(4), 437-468. https://doi.org/10.1016%2Fj.intacc.2012.10.005
Mokhtar, E. S., & Mellet, H. (2013). Competition, Corporate Governance, Ownership Structure, and Risk Reporting. Managerial Auditing Journal, 28(9), 838-865. https://doi.org/10.1108%2Fmaj-11-2012-0776
Mubarok, M. A., & Rohman, A. (2013). Pengaruh Karakteristik Perusahaan dan Mekanisme Corporate Governance terhadap Pengungkapan Risiko dalam Laporan Keuangan Interim. Diponegoro Journal of Accounting, 2(2), 1-15.
Prayoga, E., & Almilia, L. (2013). Pengaruh Struktur Kepemilikan dan Ukuran Perusahaan terhadap Pangungkapan Manajemen Risiko. Jurnal Akuntansi dan Keuangan, 4(1), 1-19.
Rajab, B., & Handley-Schachler, M. (2009). Corporate Risk Disclosure by UK Firms: Trends and Determinants. World Review of Entrepreneurship Management and Sustainable Development, 5(3), 224-243. https://doi.org/10.1504%2Fwremsd.2009.026801
Rose, C. (2016). Firm Performance and Comply or Explain Disclosure in Corporate Governance. European Management Journal, 34(3), 202-222.https://doi.org/10.1016%2Fj.emj.2016.03.003
Ruwita, C., & Harto, P. (2013). Analisis Pengaruh Karakteristik Perusahaan dan Corporate Governance terhadap Pengungkapan Risiko Perusahaan. Diponegoro Journal of Accounting, 2(2), 1-13.
Saggar, R., & Singh, B. (2017). Corporate Governance and Risk Reporting: Indian Evidence. Managerial Auditing Journal, 32(4/5), 378-405. https://doi.org/10.1108%2Fmaj-03-2016-1341
Solomon, J., Solomon, A., Norton, S., & Joseph, N. (2000). A Conceptual Framework for Corporate Risk Disclosure Emerging from the Agenda for Corporate Governance Reform. British Accounting Review, 32(4), 447-478. https://doi.org/10.1006%2Fbare.2000.0145
Utomo, Y., & Chariri, A. (2014). Determinan Pengungkapan Risiko pada Perusahaan Nonkeuangan di Indonesia. Diponegoro Journal of Accounting, 3(3), 1-14.
Downloads
Veröffentlicht
Ausgabe
Rubrik
Lizenz
Authors who publish with this journal agree to the following terms:
1) Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC-BY-SA 4.0) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
2) Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
3) Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website). The final published PDF should be used and bibliographic details that credit the publication in this journal should be included.
