Pengaruh Tingkat Konvergensi IFRS dan Perlindungan Bagi Investor Terhadap Kualitas Laba Pada Perusahaan-perusahaan Yang Terdaftar di Bursa Efek Negara Indonesia, Malaysia, Singapura, dan India
LAMPIRAN 1 Daftar Sampel
Indonesia
1 PT AKR Corporindo Tbk
2 PT Alakasa Industrindo Tbk
3 PT Aneka Tambang Tbk
4 PT Arpeni Pratama Ocean Line Tbk
5 PT Asahimas Flat Glass Tbk
6 PT Asia Pacific Fibers Tbk
7 PT Astra International Tbk
8 PT Astra Otoparts Tbk
9 PT Bakrie Sumatera Plantations Tbk
10 PT Bakrie Telecom Tbk
11 PT Barito Pacific Tbk
12 PT Bukit Asam (Persero) Tbk 13 PT Central Proteinaprima Tbk.
14 PT Centris Multipersada Pratama Tbk.
15 PT Charoen Pokphand Indonesia Tbk 16 PT Citra Marga Nusaphala Persada Tbk.
17 PT Darma Henwa Tbk 18 PT Gajah Tunggal Tbk.
19 PT Holcim Indonesia Tbk.
20 PT Humpuss Intermoda Transportasi Tbk.
21 PT Indo Tambangraya Megah Tbk.
22 PT Indocement Tunggal Prakarsa Tbk.
23 PT Indonesia Air Transport Tbk.
24 PT Indosat Tbk.
25 PT Japfa Comfeed Indonesia Tbk 26 PT Lion Metal Works Tbk.
27 PT Lionmesh Prima Tbk.
28 PT Mitra Investindo Tbk.
29 PT Nusantara Infrastructure Tbk.
30 PT Petrosea Tbk.
31 PT Sampoerna Agro Tbk 32 PT Selamat Sempurna Tbk.
33 PT Semen Indonesia (Persero) Tbk.
34 PT Sepatu Bata Tbk.
35 PT Sinar Mas Agro Resources and Technology Tbk.
36 PT Smartfren Telecom Tbk.
37 PT Star Pacific Tbk.
38 PT Sumalindo Lestari Jaya Tbk.
39 PT Surya Citra Media Tbk.
40 PT Telekomunikasi Indonesia Tbk.
41 PT Tunas Baru Lampung Tbk.
42 PT Ultrajaya Milk Industry & Trading Company Tbk.
43 PT Unilever Indonesia Tbk.
44 PT Vale Indonesia Tbk.
45 PT XL Axiata Tbk. Malaysia
46 Abric Berhad
47 Advance Information Marketing Berhad
48 Amalgamated Industrial Steel Berhad
49 Boustead Heavy Industries Corporation Berhad
50 BTM Resources Berhad
51 CCM Duopharma Biotech Berhad
52 Central Industrial Corporation Berhad
53 Chemical Company of Malaysia Berhad
54 Choo Bee Metal Industries Berhad
55 Chuan Huat Resources Berhad
56 CME Group Berhad
57 CN Asia Corporation Berhad
58 Coastal Contracts Berhad
59 Cuscapi Berhad
60 Daibochi Plastic And Packaging Industry Berhad
61 Daya Materials Berhad
62 DKLS Industries Berhad
63 DUFU Technology Corporation Berhad
64 Ekowood International Berhad
65 Emas Kiara Industries Berhad
66 Encorp Berhad
67 Farm's Best Berhad
68 Fututech Berhad
69 Genting Plantation Berhad
70 Globetronics Technology Berhad
71 Golsta Synergy Berhad
72 HeiTech Padu Berhad
73 Industronics Berhad
74 Marco Holdings Berhad
75 Maxtral Industries Berhad
76 Media Prima Berhad
77 Mentiga Corporation Berhad
78 Palette Multimedia Berhad
79 Pelikan International Corporation Berhad
80 Pentamaster Corporation Berhad
81 Pharmaniaga Berhad
82 PMB Technology Berhad
83 Ralco Corporation Berhad
84 Rapid Synergy
85 Riverview Rubber Estates Berhad
86 Sarawak Oil Palms Berhad
87 Sarawak Plantation Berhad
88 Seni Jaya Corporation Berhad
89 Success Transformer Corporation Berhad
90 Sunzen Biotech Berhad
91 Tafi Industries Berhad Singapura
92 A-Sonic Aerospace Limited
93 Abterra Ltd
94 Achieva Limited
95 Action Asia Limited
96 Advance SCT Limited 97 Advanced Integrated Manufacturing Corp. Ltd.
98 Advanced Systems Automation Limited
99 Albedo Limited 100 Baker Technology Limited 101 Beng Kuang Marine Limited 102 Bread Talk Group Limited 103 China Jishan Holdings Limited 104 China Yongsheng Limited 105 Dynamic Colours Limited 106 EnGro Corporation Limited 107 Europtronic Group Limited 108 First Resources Limited 109 Fuji Offset Plates Manufacturing Limited
110 GMG Global Limited 111 Haw Par Corporation Limited 112 Healthway Medical Corporation Limited 113 Hi-P International Limited 114 Hong Leong Asia Limited 115 Hor Kew Corporation Limited 116 Hwa Hong Corporation Limited 117 Hyflux Limited 118 Innotek Limited 119 Innovalues Limited 120 Internet Technology Group Limited 121 Intraco Limited 122 ITE Electric Co Limited 123 Jadason Enterprises Limited 124 Jiutian Chemical Group Limited 125 Kian Ho Bearings Limited 126 Kingsmen Creatives Limited 127 Lee Metal Group Limited 128 Lizhong Wheel Group Limited 129 Manufacturing Integration Technology Limited 130 Multi-Chem Limited 131 NSL Limited 132 Oakwell Engineering Limited 133 Serial System Limited 134 Sino Construction Limited 135 Teledata (Singapore) Limited 136 Thakral Corporation Limited 137 Trek 2000 International Limited 138 TSH Corporation Limited 139 Venture Corporation Limited 140 Wilmar International Limited 141 Yangzijiang Shipbuilding (Holdings) Limited India 142 ACC Limited 143 Advanta India Limited 144 Ambuja Cements Limited 145 Assam Company India Limited 146 Bosch India Limited 147 Castrol India Limited
148 Clariant Chemicals (India) Limited 149 Crisil Limited 150 De Nora India Limited 151 Diana Tea Company Limited 152 DIC India Limited 153 Disa India Limited 154 Eicher Motors Limited 155 Esab India Limited 156 FAG Bearings India Limited 157 FCI OEN Connectors Limited 158 Fulford (India) Limited 159 GlaxoSmithKline Pharmaceuticals Limited 160 HeidelbergCement India Limited 161 Hexaware Technologies Limited 162 Honeywell Automation India Limited 163 ITD Cementation India Limited 164 KSB Pumps Limited 165 Linde India Limited 166 Micro Inks Limited 167 Megasoft Limited 168 Merck Limited 169 Nestle India Limited 170 The Paper Products Limited 171 Plethico Pharmaceuticals Limited 172 R Systems International Limited 173 Rain Commodities Limited 174 Ranbaxy Laboratories Limited 175 SKF India Limited 176 Sterling Biotech Limited 177 Stovec Industries Limited 178 Strides Arcolab Limited 179 Styrolution ABS (India) Limited 180 Thomas Cook (India) Limited
51 LAMPIRAN 2
4
4
4
4
15 Earning Per Share
4
4
3
3
4
4
4
4
4
4
4
4
4
3
4
4
3
4
4
4
4
4
4
4
4
4
16 Int erim Financial Report ing
4
4
4
4
4
4
4
4
4
4
3
14 Invest ment in Associat e
4
4
4
4
4
4
4
4
4
4
12 Relat ed Part y Disclosures
4
3
3
2
2
4
4
4
4
4
4
4
4
4
2
2
4
4
4
4
4
4
3
4
3
3
3
3
13 Consolidat ed Financial St at ement s and Account ing f or Invest ment in Subsidiaries
3
3
3
4
4
3
20 Financial Inst rument
4
4
4
4
4
3
3
3
4
4
4
3
3
4
4
4
4
4
4
4
4
3.80
3.80
2.90
2.90
3.95
3.95
3.95
3.95
4.00
3.80
4
3.80
3.85
3.40
3.40
3.40
3 Rat a-rat a
3
2
2
4
4
4
4
3
3
4
4
4
4
4
4
4
4
4
3
3
3
17 Impairment of Asset s
4
4
4
4
18 Int angible Asset s
4
4
4
4
4
19 Revenue Recognit ion
4
4
3
3
4
4
4
4
4
4
4
4
4
4
4
4
3
Rincian Pengukuran Tingkat Konvergensi IFRS No St andar
4
4
4
4
4
4
4
4
4
4
4
4 Net Profit or Loss for t he Period, Fundament al Errors and Changes in Accoun t ing Policies
4
4
3
3
4
4
4
4
2
4
4
4
4
4
4
4
4
4
4
4
2
4
4
4
4
4
4
5 Event s aft er Balance Sheet Dat e
4
4
4
4
4
4
3
3
2
2
4
4
4
4
4
2
4
4
3
3
3
3
1 Present at ion of Financial St at em ent s
Indonesia M alaysia Singapura India 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012
2 Invent ories
2
4
4
4
4
3
3
3
3 Cash Flow St at ement
4
4
4
2
4
4
4
4
4
4
4
4
4
6 Segment Report ing
4
3
4
4
3
3
4
4
4
4
4
4
10 The Effect of Change in Foreign Exchange Rat e/ Foreign Currency Translat ion
4
4
3
3
3
9 Employee benefit
4
4
4
3
4
3
3
3
3
3
11 Business Combinat ion
4
4
3
4
3
4
4
4
4
3
3
3
4
3
4
4
4
2
4
4
4
4
7 Propert y, Plant , and Equipm ent
4
4
2
4
3
4
4
4
4
4
4
4
4
3
3
4
3
4
4
4
3
3
3
4
3
3
4
8 Leases
4
4
2
2
3
3
3
3
3.80
LAMPIRAN 3
Data Variabel Perlindungan Bagi Investor 2009-2012
Independensi Dewan
Tahun Indonesia Malaysia Singapura India
2009 5,0 5,1 5,6 4,6
2010 4,7 5,2 5,6 4,5
2011 4,5 5,3 5,6 4,4
2012 4,6 5,3 5,6 4,4
Peraturan Pasar Modal
Tahun Indonesia Malaysia Singapura India
2009 4,8 5,0 5,8 5,6
2010 4,6 5,2 5,8 5,3
2011 4,4 5,4 6,0 5,2
2012 4,4 5,3 6,0 5,2
Perlindungan Kepentingan Pemegang Saham Minoritas
Tahun Indonesia Malaysia Singapura India
2009 4,7 5,1 5,7 4,9
2010 4,6 5,0 5,5 4,5
2011 4,3 5,3 5,6 4,4
2012 4,3 5,2 5,5 4,4
Penyelenggaraan Standar Akuntansi dan Audit
Tahun Indonesia Malaysia Singapura India
2009 4,6 5,2 6,1 5,5
2010 4,6 5,4 6,2 5,1
2011 4,3 5,6 6,2 5,0
2012 4,4 5,4 6,1 5,0
Independensi Badan Hukum
Tahun Indonesia Malaysia Singapura India
2009 3,8 4,2 5,8 5,0
2010 3,8 4,3 5,6 4,8
2011 3,6 4,7 5,6 4,3
2012 3,6 4,8 5,7 4,5
Kebebasan Media
Tahun Indonesia Malaysia Singapura India
2009 0,55 0,54 0,76 0,63
2010 0,53 0,54 0,76 0,56
2011 0,52 0,65 0,76 0,54
2012 0,52 0,60 0,75 0,55
LAMPIRAN 4
Pengujian Pemilihan Model
Model 1Uji Restricted-F -efek individu
F test for individual effects data: Discretionary.Accruals ~ IFRSnew + BOINDnew + IFRSnew * BOINDnew + ... F = 3.1271, df1 = 179, df2 = 532, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
F test for time effects data: Discretionary.Accruals ~ IFRSnew + BOINDnew + IFRSnew * BOINDnew + ... F = 0.664, df1 = 3, df2 = 708, p-value = 0.5743 alternative hypothesis: significant effects
Uji Lagrange Multiplier -efek individu
Lagrange Multiplier Test - (Honda) data: Discretionary.Accruals ~ IFRSnew + BOINDnew + IFRSnew * BOINDnew + ... normal = 11.2072, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
Lagrange Multiplier Test - time effects (Honda) data: Discretionary.Accruals ~ IFRSnew + BOINDnew + IFRSnew * BOINDnew + ... normal = -0.8394, p-value = 0.4012 alternative hypothesis: significant effects
Uji Hausman
Hausman Test data: Discretionary.Accruals ~ IFRS + BOIND + IFRS * BOIND + Size
- ... chisq = 8.4927, df = 8, p-value = 0.3869 alternative hypothesis: one model is inconsistent
Model 2 Uji Restricted-F -efek individu
F test for individual effects data: Discretionary.Accruals ~ IFRSnew + SECnew + IFRSnew * SECnew + ... F = 3.4118, df1 = 179, df2 = 532, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
F test for time effects data: Discretionary.Accruals ~ IFRSnew + SECnew + IFRSnew * SECnew + ... F = 2.79, df1 = 3, df2 = 708, p-value = 0.03972 alternative hypothesis: significant effects
- -efek individu dan waktu
F test for twoways effects data: Discretionary.Accruals ~ IFRSnew + SECnew + IFRSnew * SECnew + ... F = 3.3568, df1 = 182, df2 = 529, p-value < 2.2e-16 alternative hypothesis: significant effects
Uji Lagrange Multiplier -efek individu
Lagrange Multiplier Test - (Honda) data: Discretionary.Accruals ~ IFRSnew + SECnew + IFRSnew * SECnew + ... normal = 11.2795, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
Lagrange Multiplier Test - time effects (Honda) data: Discretionary.Accruals ~ IFRSnew + SECnew + IFRSnew * SECnew + ... normal = 0.8523, p-value = 0.394 alternative hypothesis: significant effects
Uji Hausman
Hausman Test data: Discretionary.Accruals ~ IFRSnew + SECnew + IFRSnew * SECnew + ... chisq = 38.7628, df = 8, p-value = 5.439e-06 alternative hypothesis: one model is inconsistent
Model 3 Uji Restricted-F -efek individu
F test for individual effects data: Discretionary.Accruals ~ IFRSnew + MINnew + IFRSnew * MINnew + ... F = 3.3685, df1 = 179, df2 = 532, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
F test for time effects data: Discretionary.Accruals ~ IFRSnew + MINnew + IFRSnew * MINnew + ... F = 1.7233, df1 = 3, df2 = 708, p-value = 0.1608 alternative hypothesis: significant effects
Uji Lagrange Multiplier -efek individu
Lagrange Multiplier Test - (Honda) data: Discretionary.Accruals ~ IFRSnew + MINnew + IFRSnew * MINnew + ... normal = 11.1919, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
Lagrange Multiplier Test - time effects (Honda) data: Discretionary.Accruals ~ IFRSnew + MINnew + IFRSnew * MINnew + ... normal = -0.1319, p-value = 0.8951 alternative hypothesis: significant effects
Uji Hausman
Hausman Test data: Discretionary.Accruals ~ IFRSnew + MINnew + IFRSnew * MINnew + ... chisq = 46.4898, df = 8, p-value = 1.918e-07 alternative hypothesis: one model is inconsistent
Model 4 Uji Restricted-F -efek individu
F test for individual effects data: Discretionary.Accruals ~ IFRSnew + ACCnew + IFRSnew * ACCnew + ... F = 3.4087, df1 = 179, df2 = 532, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
F test for time effects data: Discretionary.Accruals ~ IFRSnew + ACCnew + IFRSnew * ACCnew + ... F = 2.2406, df1 = 3, df2 = 708, p-value = 0.08228 alternative hypothesis: significant effects
Uji Lagrange Multiplier -efek individu
Lagrange Multiplier Test - (Honda) data: Discretionary.Accruals ~ IFRSnew + ACCnew + IFRSnew * ACCnew + ... normal = 11.2731, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
Lagrange Multiplier Test - time effects (Honda) data: Discretionary.Accruals ~ IFRSnew + ACCnew + IFRSnew * ACCnew + ... normal = 0.3256, p-value = 0.7447 alternative hypothesis: significant effects
Uji Hausman
Hausman Test data: Discretionary.Accruals ~ IFRSnew + ACCnew + IFRSnew * ACCnew + ... chisq = 39.0289, df = 8, p-value = 4.855e-06 alternative hypothesis: one model is inconsistent
Model 5 Uji Restricted-F -efek individu
F test for individual effects data: Discretionary.Accruals ~ IFRSnew + JUDnew + IFRSnew * JUDnew + ... F = 3.4555, df1 = 179, df2 = 532, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
F test for time effects data: Discretionary.Accruals ~ IFRSnew + JUDnew + IFRSnew * JUDnew + ... F = 2.7272, df1 = 3, df2 = 708, p-value = 0.0432 alternative hypothesis: significant effects
- -efek individu dan waktu
F test for twoways effects data: Discretionary.Accruals ~ IFRSnew + JUDnew + IFRSnew * JUDnew + ... F = 3.4228, df1 = 182, df2 = 529, p-value < 2.2e-16 alternative hypothesis: significant effects
Uji Lagrange Multiplier -efek individu
Lagrange Multiplier Test - (Honda) data: Discretionary.Accruals ~ IFRSnew + JUDnew + IFRSnew * JUDnew + ... normal = 11.3279, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
Lagrange Multiplier Test - time effects (Honda) data: Discretionary.Accruals ~ IFRSnew + JUDnew + IFRSnew * JUDnew + ... normal = 0.7983, p-value = 0.4247 alternative hypothesis: significant effects
Uji Hausman
Hausman Test data: Discretionary.Accruals ~ IFRSnew + JUDnew + IFRSnew * JUDnew + ... chisq = 21.7658, df = 8, p-value = 0.005369 alternative hypothesis: one model is inconsistent
Model 6 Uji Restricted-F -efek individu
F test for individual effects data: Discretionary.Accruals ~ IFRSnew + PRESSnew + IFRSnew * PRESSnew + ... F = 3.4249, df1 = 179, df2 = 532, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
F test for time effects data: Discretionary.Accruals ~ IFRSnew + PRESSnew + IFRSnew * PRESSnew + ... F = 2.3839, df1 = 3, df2 = 708, p-value = 0.06814 alternative hypothesis: significant effects
Uji Lagrange Multiplier -efek individu
Lagrange Multiplier Test - (Honda) data: Discretionary.Accruals ~ IFRSnew + PRESSnew + IFRSnew * PRESSnew + ... normal = 11.2159, p-value < 2.2e-16 alternative hypothesis: significant effects
- -efek waktu
Lagrange Multiplier Test - time effects (Honda) data: Discretionary.Accruals ~ IFRSnew + PRESSnew + IFRSnew * PRESSnew + ... normal = 0.5621, p-value = 0.574 alternative hypothesis: significant effects
Uji Hausman
Hausman Test data: Discretionary.Accruals ~ IFRSnew + PRESSnew + IFRSnew * PRESSnew + ... chisq = 40.5305, df = 8, p-value = 2.551e-06 alternative hypothesis: one model is inconsistent
LAMPIRAN 5
Nilai VIF Sebelum Transformasi Metode Centering
INV=
INV=
INV=
INV=
INV=
INV= Variabel BOIND SEC MIN ACC JUD PRESS
IFRS 505,79 183,99 147,61 114,25 71,22 62,67
INV 646,93 207,48 169,14 191,74 196,99 178,31
IFRS*INV 1862,46 474,08 434,32 396,24 313,52 293,28
Size 1,07 1,15 1,09 1,13 1,14 1,10
Growth 1,05 1,05 1,04 1,05 1,04 1,04
CFO 1,02 1,03 1,02 1,03 1,03 1,02
PPE 1,03 1,01 1,01 1,01 1,01 1,01
Lag Loss 1,08 1,08 1,06 1,08 1,08 1,07