Pengaruh PSAK 72: Pendapatan Dari Kontrak Dengan Pelanggan Terhadap Shareholder Value (Studi pada Perusahaan Sektor Property, Real Estate and Building Construction)

Wisnantiasri, Sila Ninin (2018) Pengaruh PSAK 72: Pendapatan Dari Kontrak Dengan Pelanggan Terhadap Shareholder Value (Studi pada Perusahaan Sektor Property, Real Estate and Building Construction). Pengaruh PSAK 72: Pendapatan Dari Kontrak Dengan Pelanggan, 5 (1). pp. 60-65. ISSN 2597-8624

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Abstract

This study aims to examine the impact of the promulgation Pernyataan Standar Akuntansi Keuangan (PSAK) 72 from shareholder’s perspective through stock market reaction proxyed with shareholder value. The tests focus on the property industry, real estate and building contruction firms because these standards supersedes the two standards previously used by this industry specifically, PSAK 34: Kontrak Konstruksi and PSAK 44: Akuntansi Aktivitas Pengembangan Real Estate. The analysis of this research using regression method and purposive sampling technique at companies listed in Bursa Efek Indonesia. Measurement of market reaction based on shareholder value is done by event study approach before and after the promulgation of the standard. The results show empirical evidence that the promulgation of PSAK 72 increases shareholder value. Under these accounting standards, the recognition of construction income can be based on contracts with customers so that the profit or loss in this industry is no longer fluctuating, thus benefiting investors in analysing the financial statements. Investors expect this accounting standard to improve the quality of information in the financial statements become more reliable so that the investment estimation risk will decrease. Therefore, the decision-making process can be done more accurately.

Item Type:	Artikel
Uncontrolled Keywords:	accounting standard, shareholder value, estimation risk
Subjects:	A General Works > AC Collections. Series. Collected works
Divisions:	Universitas Pembangunan Jaya
Depositing User:	Alexandro Andika
Date Deposited:	18 Apr 2023 06:51
Last Modified:	18 Apr 2023 06:51
URI:	http://eprints.upj.ac.id/id/eprint/4859

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