CORPORATE GOVERNANCE, DISCLOSURE DAN GENERAL EQUILIBRIUM TERHADAP ASYMMETRY INFORMATION - PERSPEKTIF EKONOMI MIKRO DAN PERSPEKTIF AKUNTANSI
DOI:
https://doi.org/10.22219/jaa.v3i1.11891Keywords:
Corporate Governance, Disclosure dan General Equilibrium, Asymmetry Information, Perspektif Ekonomi Mikro dan Perspektif AkuntansiAbstract
Paper ini merupakan review literatur tentang topik empiris terkait Corporate Governance, Disclosure dan General Equilibrium terhadap Asymmetry Information Perspektif Ekonomi Mikro dan Perspektif Akuntansi. Penulis mengambil tema tersebut dilatarbelakangi adanya fenomena isu Asymmetry Information yang berkembang pada pasar persaingan tidak sempurna sehingga yang terjadi pasar gagal dalam memproduksi hasil yang efisien dan tidak bisa menjelaskan berbagai kondisi teoritis yang dibutuhkan bagi suatu pasar dengan persaingan sempurna. George Akerlof menggunakan istilah informasi asimetris dalam karyanya tahun 1970an disebut The Market for Lemons. Akerlof menyadari bahwa dalam pasar seperti itu, nilai rata-rata dari komoditas cenderung lebih menurun, bahkan untuk kualitas yang sangat sempurna kebalikannya, karena para pembeli tidak mempunyai cara untuk mengetahui apakah produk yang mereka beli akan menjadi sebuah “lemon” (produk yang menyesatkan). Dapat dikatakan bahwa penjual lebih tahu daripada pembeli sehingga muncullah teori ketidakpastian kualitas.Downloads
References
Akerlof, George A. ‘The Market for “Lemon”: Quality and the Market Mechanism’, The Quarterly Journal of Economics, Volume 84, Issue 3 (Aug., 1970), 488-500.
Apostolou and Nanopoulos, 2012. ‘Voluntary accounting disclosure and corporate governance: evidence from Greek listed firms’, Int. J. Accounting and Finance, Vol. 1, No. 4, 2009.
Arrunada, B, 2010. ‘Mandatory accounting disclosure by small private companies’, Published online: 13 March 2010 - Springer Science+Business Media, LLC 2010.
Dilla et al, 2010. ‘Voluntary Disclosure in Annual Reports: The Association between Magnitude and Direction of Change in Corporate Financial Performance and Graph Use ‘, Business And Economics Accounting, AAA, US, ISSN.
Entwistle et.al, 2005. ‘The voluntary disclosure of pro forma earning: AUS – Canada comparison’, Journal of International Accounting Research; 2005; 4, 2; ABI/INFORM Complete.
Ertimur, Yonca, 2007. ‘Discussion of ‘How disclosure quality affects the level of information asymmetry’ Published online: 10 March 2007 Rev Acc Stud (2007) 12:479–485, Springer Science+Business Media, LLC 2007.
Gaffikin, M. (2008). Accounting Theory: Research, regulation and accounting practice. Australia: Pearson Education Australia.
Gietzmann, 2000. ’Disclosure Interactions: Accounting Policy Choice and Voluntary Disclosure Effects on the Cost of Capital’, SSRN id 236439 July 2000, cdisc5b.tex.
Healy, P and Palepu, K, 2001. ‘Information Asymmetry, Corporate Disclosure, and The Capital Markets: A Review of The Empirical Disclosure Literature’, Journal of Accounting and Economics 31 (2001) 405–440.
Htay et al, 2013. ‘Impact of Corporate Governance on Disclosure Quality: Empirical Evidence from Listed Banks in Malaysia’, Int. Journal of Economics and Management 7(2): 242 – 279 (2013) ISSN 1823 - 836X.
Jerez, Belen, 2000. ‘General Equilibrium with Asymmetric Information: a Dual Approach’, http://digital.csic.es/bitstream/10261/1922/1/51002.pdf.
Laksmana, 2004. ‘Determinants Of Voluntary Disclosure Of Executive Compensation Practices By Boards Of Directors’, Georgia State University Robinson College Of Business.
Malueg DA and Orzach R, 2014, ‘Equilibrium and revenue in a family of common-value first-price auctions with differential information Int J Game Theory (2012) 41:219–254, DOI 10.1007/s00182-011-0282-x.
Nagurney A and Dong Li, 2014. ‘Equilibria and dynamics of supply chain network competition with information asymmetry in quality and minimum quality standards’, Comput Manag Sci (2014) 11:285–315, DOI 10.1007/s10287-014-0216-8.
Nicholson, W., & Synder, C. (2008). Microeconomic Theory Basic Principles and Extensions (Vol. 10). United States of America: Thomson South-Western.
Scott, W. R. 2012. Financial accounting theory, Toronto, Prentice Hall.
Soctt, William R. 2009. ‘Financial Accounting Theory Fifth Edition, Pearson Canada, Inc, Toronto.
Sulaiman dan Tuwaijri, 2003. ‘The relations among environmental disclosure, environmental performance, and economic performance: A simultaneous equations approach’, SSRN id 405643.
Varian, Hal.R, 2010, Intermediate Microeconomics A Modern Approach Eighth Edition.
Verrechia, 2001. ‘Verrechia Essays on Disclosure’ Journal of Accounting and Economics 32 (2001) 97–180.
Wankhade, Lalit;Dabade, B M, 2006. ‘Analysis of quality uncertainty due to information asymmetry’, The International Journal of Quality & Reliability Management; 2006; 23, 2/3; ABI/INFORM Complete pg. 230.
Zeghal, 2007. ‘An Analysis Of The Determinants Of Research & Development Voluntary’, The Irish Accounting Review; Winter 2007; 14, 2; ABI/INFORM Complete pg. 61.
Downloads
Published
Issue
Section
License
Copyright (c) 2020 Nur Hayati
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Jurnal Akademi Akuntansi is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
Jurnal Akademi Akuntansi dilisensikan di bawah lisensi Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International.
Penulis yang menerbitkan artikel di jurnal ini menyetujui ketentuan berikut:
- Penulis mempertahankan hak cipta dan memberikan hak jurnal atas publikasi pertama dengan karya yang secara serentak dilisensikan di bawah Lisensi Pengaitan Creative Commons yang memungkinkan orang lain untuk berbagi karya dengan pengakuan atas karya penulis dan publikasi awal dalam jurnal ini.
- Penulis dapat masuk ke dalam pengaturan kontrak tambahan yang terpisah untuk distribusi non-eksklusif versi karya jurnal yang diterbitkan (misalnya, mempostingnya ke repositori institusional atau mempublikasikannya dalam sebuah buku), dengan pengakuan publikasi awalnya di jurnal ini.
- Penulis diizinkan dan didorong untuk memposting pekerjaan mereka secara online (misalnya, di repositori institusional atau di situs web mereka) sebelum dan selama proses pengajuan, karena dapat mengarah pada pertukaran produktif, serta kutipan pekerjaan sebelumnya dan yang lebih besar (Lihat Pengaruh Akses Terbuka).
