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Faculty Research

DAMPAK PENERAPAN IFRS TERHADAP NILAI PERUSAHAAN

Detail
Author TUTIK ARNIATI
ID 202.710.103
Published Date 29-08-2014

Abstract

Abstract The objective of this study is to examinecorporate value differences among companies before and after convergence of International Financial Statement Reporting (IFRS). There are 19 companies in textile sector which used sampling and this study uses secondary data from the Indonesian Capital Market Directory (ICMD). Measurement corporate value use Tobin's Q ratio Q is the market value of a company by comparing the market value of a company listed on the financial markets with a replacement value of the assets of the company. If Q is greater than1 thenthe market value is greater than the value of assets of companies listed, it indicates that the stock is overvalued. Based on the paired t-test on a sample value of a company that has been presented, showing that the hypotesis is rejected because the probability value is not significant. That is means there are no significant difference in the corporate value before and of the company after IFRS convergence. Keywords: Corporate Value