Disclosure Regulations and Political Accountability Does Government Capital Ownership Influence Companies Performance Evidence from ASEAN Countries
DOI:
https://doi.org/10.24090/ej.v9i1.4412Keywords:
mandatory disclosure, voluntary disclosure, political accountability, government capital ownership, companie' performanceAbstract
This research aims to discuss those four aspect toward companies’ performance. Government capital ownership is another crucial aspect which able to consider by companies for increase their performance. This is because the higher perentage government capital have, the biggest power they able to control the companies, and it is a good condition because they able to reduce agency’s issues between management and shareholders which absolutely brings positive influence on companies’ performance. Nevertheless, it still lack of studies which combined mandatory, voluntary disclosrues, political accountability and government capital ownership for measuring companies performance. The result come out that although government capital ownership brings no significant effect to boost companies’ performance, it is able to moderating the variable of mandatory, voluntary disclosures and political accountability have significant positive effect to increase companies’ performance.References
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Popva, T., Georgakopoulos, G., & et.all. (2013). Mandatory Disclosure and Its Impact on the Company Value. International Business Research, 6(5).
Reichborn-Kjennerud, K. (2013). Political Accountability and Performance Audit: The Case of The Auditor General in Norway. Public Administration, 91(3).
Scott, W. R. (2009). Financial Accounting Theory (3rd Edition). Canada: Prentice.
Yousueng , H., & Sounman, H. (2019). The Impact of Accountability on Organizational Performance in the U.S. Federal Government: The Moderating Role of Autonomy. Review of Public Personel Administration.
Zhang, X., Semba, H. D., & Xu, H. (2020). Mandatory vs. voluntary disclosure of management forecast in China. Asia-Pacific Journal of Accounting & Economics .
Assidi, S. (2020). The efect of voluntary disclosures and corporate governance on frm value: a study of listed frms in France. International Journal of Disclosure and Governance.
Bertomeu, J., & Magee, R. P. (2015). Political pressures and the evolution of disclosure. Review of Accounting Studies .
Charutmathi, B., & Ramesh, L. (2020). Impact of Voluntary Disclosure on Valuation of Firms: Evidence from Indian Companies from Indian Companies. The Journal of Business Perspective.
Chen, Y.-C., Hung, M., & Wang, Y. (2018). The effect of mandatory CSR disclosure on firm profitability and social externalities: Evidence from China. Journal of Accounting and Economics, 65(1).
Christmann, P. (2004). lternational companies and the natural environment: Determinants of global environmental policy. Academy of Management Journal, 47(5).
Darnall, N., Henriques, I., & Sadorsky, P. (2010). Adopting proactive environmental strategy: The influence of stakeholders and firm size. Journal of Management Studies, 47(6).
Delmas, M., & Toffel, M. (2008). Organizational responses to environmental demands: Opening the black box. Strategic Management Journal, 29(10).
Djoko, S., & Khomsiyah. (2004). Analysis of Factors affecting The Extent of Voluntary Disclosure in the Annual Report of Companies in Indonesia. Jurnal Akuntasi dan Manajemen.
Doshi, A. R., Dowell, G. W., & Toffel, M. W. (2010). How firms respond to mandatory information disclosure. Strategic Management Journal, 34(10).
Ferris, G. R., Mitchell, T. R., Canavan, P. J., Frink, D. D., & Hopper, H. (1995). Accountability in human recourse system. Cambridge: MA: Blackwell.
Hidayanti, E., & Sunyoto, S. (2012). The Importance of Disclosure of Financial Statements In Minimizing Information Asymmetry. Jurnal WIGA, 2(2).
Howard-Grenville, J., Nelson, A. J., Earle, A. G., Haack, J. A., & Young, D. M. (2017). If chemists don’t do it, who is going to?†Peer-driven occupational change and the emergence of green chemistry. Administrative Science Quarterly, 62(3).
Kim, H., Park , K., & Ryu, D. (2017). Corporate environmental responsibility: A legal origins perspective. ournal of Business Ethics, 140(3).
Lerner, J. S., & Tetlock, P. E. (1999). Accounting for the effects of accountability. Psychological Bulletin.
Madijuwono, Kurnianto, Rahman, B., & Suchayati. (2020). MANAGING THE FIRM ENVIRONMENTAL AND FINANCIAL PERFORMANCE: NEW INSIGHT FROM GOVERNMENT OWNERSHIP. POLISH JOURNAL OF MANAGEMENT STUDIES, 21(2).
Mirzani, A., & dkk. (2013). Someme Observations on Mandatory Disclosure Practices of Malaysian Public Listed Companies. Middle-East Journal of Scientific Research. 17 (9).
Nguyen, H. T., & Nguyen, A. H. (2020). The Impact of Capital Structure on Firm Performance: Evidence from Vietnam. Journal of Asian Finance, Economics and Business, 7(6).
Nugrahani, T. S., & Nugroho, F. A. (2010). Pengaruh Komisarid Independen dan Pengungkapan Sukarela Terhadap Kinerja Perusahaan. Jurnal Karisma, 4(2).
Popva, T., Georgakopoulos, G., & et.all. (2013). Mandatory Disclosure and Its Impact on the Company Value. International Business Research, 6(5).
Reichborn-Kjennerud, K. (2013). Political Accountability and Performance Audit: The Case of The Auditor General in Norway. Public Administration, 91(3).
Scott, W. R. (2009). Financial Accounting Theory (3rd Edition). Canada: Prentice.
Yousueng , H., & Sounman, H. (2019). The Impact of Accountability on Organizational Performance in the U.S. Federal Government: The Moderating Role of Autonomy. Review of Public Personel Administration.
Zhang, X., Semba, H. D., & Xu, H. (2020). Mandatory vs. voluntary disclosure of management forecast in China. Asia-Pacific Journal of Accounting & Economics .
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Published
2021-04-29
How to Cite
Lestari, D. M., Haryono, S., & Furwanti, R. (2021). Disclosure Regulations and Political Accountability Does Government Capital Ownership Influence Companies Performance Evidence from ASEAN Countries. El-Jizya : Jurnal Ekonomi Islam, 9(1), 1–11. https://doi.org/10.24090/ej.v9i1.4412
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