The efect of majority ownership on earnings opacity  

Oleh:

Zuhrohtun ; Yulianti

Jenis: Article from Proceeding
Dalam koleksi: SIBR-Thammasat 2014 Conference on Interdisciplinary Business & Economics Research June 5th- 7th, 2014 di Emerald Hotel Bangkok, page 1-3.
Topik: earnings opacity; government ownership; bank ownership; insurance company ownership
Fulltext: b14-029.pdf (20.49KB)

Isi artikel

This study investigates whether: (1) firms with concentrated ownership by Government have a higher earnings opacity (2) firms with concentrated ownership by Bank have a higher earnings opacity, (3) firms with concentrated ownership by Insurance company have a higher earnings Sample of this study consist of all firms that listed on Indonesia Stock Exchange in 2009-2012. This study use internal opacity and external opacity to measure firm’s opacity, and regression analysis to test the hypotheses. The finding suggests that: (1) the higher concentrated ownership by Government tends to have greater earnings opacity (2) the higher concentrated ownership by Bank tends to have greater earnings opacity. It suggests that single majority ownership by institution play important role in monitoring the transparency of information and improves governance function of firms especially in financial reporting quality.

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