Foreign Ownership Reaction on Adoption of International Financial Reporting Standards (IFRS) in Go Public Companies on the Indonesia Stock Exchanges

Hamidah (2020) Foreign Ownership Reaction on Adoption of International Financial Reporting Standards (IFRS) in Go Public Companies on the Indonesia Stock Exchanges. International Journal of Innovation, Creativity and Change, 11 (11). pp. 401-420. ISSN 2201-1315, eISSN: 2201-1323

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Official URL: https://www.ijicc.net/index.php/ijicc-editions/202...

Abstract

This study aims to determine the reaction of foreign ownership on the Indonesia Stock Exchange to the adoption of International Financial Reporting Standards (IFRS). This study will examine the reaction of foreign ownership on the Indonesia Stock Exchange during the periods 2007-2010 and 2012-2015. The variables used in this study are IFRS and foreign ownership. It finds that the obligation of IFRS does not affect the development of foreign investment in Indonesia, because accounting standards in Indonesia have been adjusted to IFRS since 2008 and investment decisions are not only influenced by standard accounting policies, but also by other factors, such as the economic and political conditions of a country. This study is motivated by the results of previous studies regarding the reaction of foreign ownership of IFRS adoption, which is still controversial. Some studies suggest that IFRS adoption increases information appeal and can attract foreign investment, while other research states that IFRS adoption will not necessarily increase the number of shares held by foreign investors.

Item Type: Article
Uncontrolled Keywords: Foreign ownership, IFRS adoption, Indonesia, Indonesia Stock Exchange, investor reaction
Subjects: H Social Sciences
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation > HG4551-4598 Stock exchanges
Divisions: 04. Fakultas Ekonomi dan Bisnis > Akuntansi
Creators:
CreatorsNIM
HamidahNIDN0024076403
Depositing User: Tn Sugeng Riyanto
Date Deposited: 16 Jun 2020 04:39
Last Modified: 16 Jun 2020 04:39
URI: http://repository.unair.ac.id/id/eprint/95652
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