文章基本信息

标题：Forward-Looking Information Based on Integrated Reporting Perspective: Value Relevance Study in Indonesia Stock Exchanges
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作者：Wiwik Utami ; Putri Dwi Wahyuni
期刊名称：Asian Journal of Economics, Business and Accounting
印刷版ISSN：2456-639X
出版年度：2018
卷号：8
期号：4
页码：1-12
DOI：10.9734/AJEBA/2018/44981
语种：English
出版社：Sciencedomain International
摘要：The International Integrated Reporting Council (IIRC) in 2013 has formulated the Integrated Report Framework. Integrated reporting provides forward-looking information related to the company's holistic picture, future targets and the relationship between financial performance and non-financial performance. Indonesia does not require companies to report integrated reporting, but many voluntary ones have provided partial disclosures about aspects that are regulated in the integrated report framework. This study aims to provide empirical evidence about the effect of forward-looking disclosure on firm value. The research population is a manufacturing company on the Indonesia Stock Exchange for the 2015 and 2016 annual reports. The sample is selected based on the availability of annual reports accessed through the company's web and the Indonesia Stock Exchange. The population is 144 manufacturing, and sample companies were 70 which was collected for two years, so there were 140 firms’ years. The forward-looking measurement is based on the disclosure index. GCG variables are used as control variables because empirically GCG can affect the value of the company. The results of the study showed that forward-looking disclosure has a significant effect on the value of the company and can explain the 20.9% variation in the value of the company.
关键词：Firms value;forward-looking;disclosures;good corporate governance;Indonesia