Artikel Jurnal :: Kembali

Artikel Jurnal :: Kembali

Hubungan antara konservatisme akuntansi dengan konflik bondholders-shareholders seputar kebijakan dividen dan peringkat obligasi

oleh Dahlia Sari (Universitas Indonesia, 2004)

 Abstrak

This study provides evidence on the role of accounting conservatism in debt contracting. I hypothesize that (I) there is positive association between conflicts of bondholders-shareholders over dividend policy and the use of conservative accounting (ii) there is positive association between bond ratings and the use of conservative accounting. Conflicts of bondholders-shareholders arise because of default risk in that the firm cannot pay at maturity because of having not enough net assets and this unavailability of enough net assets is caused by dividend overpayment to shareholders. The alternative solution to prevent dividend overpayment is to consistently use the conservative accounting. The conservative accounting affects earnings in that it leads to conservative earnings and reduces the possibility of earnings management by the firm. The second hypothesis which investigates the association between bonds rating and the level of conservatism based on theory that the lower the firm's default risk, the higher the bonds rating. The firms with conservative, accounting is expected to have lower default risk in that conservatism prevent dividend overpayment which cause the firm's net asset is not enough to pay at maturity. The first model result supports the hypothesis that there is positive association between conflicts of bondholders-shareholders and the use of conservative accounting. For the second model, the result does not support the hypothesis that there is a positive association between the bonds rating and the use of conservative accounting. The association between conflicts and conservative accounting provides evidence on the role of accounting conservatism in facing conflicts over dividend policy

 File Digital: 1

 Metadata

Jenis Koleksi : Artikel Jurnal
No. Panggil : JAKI-1-2-Des2004-63
Entri utama-Nama orang :
Entri tambahan-Nama badan :
Subjek :
Penerbitan : Depok: Universitas Indonesia, 2004
Sumber Pengatalogan :
ISSN :
Majalah/Jurnal : Jurnal Akuntansi dan Keuangan Indonesia
Volume : Vol. 1 (2) Desember 2004: 63 - 88
Tipe Konten :
Tipe Media :
Tipe Carrier :
Akses Elektronik :
Institusi Pemilik : Universitas Indonesia
Lokasi :
  • Ketersediaan
  • Ulasan
  • Sampul
No. Panggil No. Barkod Ketersediaan
JAKI-1-2-Des2004-63 03-20-417844327 TERSEDIA
Ulasan:
Tidak ada ulasan pada koleksi ini: 90953
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