Implikasi Proksi Aset, Profitabilitas dan Jenis Industri pada Islamic Social Reporting (ISR)
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Published:
Jun 1, 2013
Keywords:
Islamic Social Reporting, Jakarta Islamic Index, asset, profitability
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Abstract
Jakarta Islamic Index (JII) is a reference for investors to place their fund in Indonesia Stock Exchange which is in line with Islamic teaching. It has a specific requirements (screening process) which must be passed by one stock to be included in JII. Nevertheless, the screening process of JII composition is seen to have limitations because the process is merely based on the quantitative and qualitative criteria. Therefore, this research explores and analyzes the deeper aspects (Othman, et al., 2009) which is called as Islamic Social Reporting (ISR). ISR analyzes the compliance to Islamic teaching application from the company perspective. The research period is from the year of 2006 until 2008, while the research sample is taken from companies listed in the JII. This research adopts full interaction model to determine significant factors of ISR. Previous research did not apply the interaction model theory, i.e. the Difference in Difference (DiD) theory1. It can show meaningful existence of dummy variable with other proxies. The proxies used in this study are industry type, company size, and profitability. The results show that there are no differences among the industry type, while the company size affects the ISR.
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References
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Anuar, H.A, Sulaiman, M and Ahmad, N. N. N. “Some Evidence of Environmental Reporting by Shariah Compliant Companies in Malaysia”. IIUM Journal of Economics and Management 17, No. 2: 177-208, (2009).
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Jurnal al-Muzara’ah, Vol. I, No. 1 48
Evans, Thomas G. Accounting Theory Cotemporary Accounting Issues. United States of America: Thomson (2003).
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Haniffa, R. “Social Reporting Disclosure: An Islamic Perspective. Indonesian Management & Accounting Research 1, No. 2: 128-146, (2002).
Haniffa, R.M. and Cooke, T.E. “The Impact of Culture and Governance on Corporate Social Reporting”. Journal of Accounting and Public Policy, No. 24: 391–430, (2005).
Hossain, M. and Hammami, H. “Voluntary Disclosure in The Annual Reports of An Emerging Country: The Case of Qatar”. Advances in Accounting, incorporating Advances in International Accounting, No. 25: 255–26, (2009).
Kamla, R and Rammal, H.G. “Social Reporting by Islamic Banks: Does Social Justice Matter?”. , Presented at APIRA 6th, (2010).
Othman, R., Thani, A.M. and Ghani, E.K. “Determinants of Islamic Social Reporting Among Top Shariah-Approved Companies in Bursa Malaysia”. Research Journal of Internatıonal Studıes - Issue 12 (October, 2009).
Singhvi, S.S and Desai, H.B. “An Empirical Analysis of The Quality of Corporate Financial Disclosure”. The Accounting Review 46, No. 1: 129-138, (1971). H., Ulum, I., Syam, D., and Wahjuni, S. L. “Islamic Social Reporting Index Sebagai Model Pengukuran Kinerja Sosial Perbankan Syariah (Studi Komparasi Indonesia dan Malaysia)”. Jurnal Dinamika Akuntansi 4, No. 1: 36-46, (2012).
Tilt, C.A. “Environmental Policies of Major Companies: Australian Evidence”. British Accounting Review, No. 29: 367–394, (1997).
Alsaeed, K. “The Association between Firm-Specific Characteristics and Disclosure: The Case of Saudi Arabia”. Journal of American Academy of Business, Cambridge 7, No. 1: 310−321, (2006).
Anuar, H.A, Sulaiman, M and Ahmad, N. N. N. “Some Evidence of Environmental Reporting by Shariah Compliant Companies in Malaysia”. IIUM Journal of Economics and Management 17, No. 2: 177-208, (2009).
Card. D. and Krueger, A.B. “Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania". American Economic Review 84, No. 4: 774–775, (1994).
Cooke, T. E. “The Impact of Size, Stock Market Listing and Industry Type on Disclosure in The Annual Reports of Japanese Listed Corporations”. Accounting and Business Research 22, No. 87: 229−237, (1992).
Jurnal al-Muzara’ah, Vol. I, No. 1 48
Evans, Thomas G. Accounting Theory Cotemporary Accounting Issues. United States of America: Thomson (2003).
Hackston, D. and Milne, M.J. ”Some Determinants of Social and Environmental Disclosure: New Zealand Companies”. Journal of Business Finance and Accounting 8, No. 1: 77-108, (1998).
Haniffa, R. “Social Reporting Disclosure: An Islamic Perspective. Indonesian Management & Accounting Research 1, No. 2: 128-146, (2002).
Haniffa, R.M. and Cooke, T.E. “The Impact of Culture and Governance on Corporate Social Reporting”. Journal of Accounting and Public Policy, No. 24: 391–430, (2005).
Hossain, M. and Hammami, H. “Voluntary Disclosure in The Annual Reports of An Emerging Country: The Case of Qatar”. Advances in Accounting, incorporating Advances in International Accounting, No. 25: 255–26, (2009).
Kamla, R and Rammal, H.G. “Social Reporting by Islamic Banks: Does Social Justice Matter?”. , Presented at APIRA 6th, (2010).
Othman, R., Thani, A.M. and Ghani, E.K. “Determinants of Islamic Social Reporting Among Top Shariah-Approved Companies in Bursa Malaysia”. Research Journal of Internatıonal Studıes - Issue 12 (October, 2009).
Singhvi, S.S and Desai, H.B. “An Empirical Analysis of The Quality of Corporate Financial Disclosure”. The Accounting Review 46, No. 1: 129-138, (1971). H., Ulum, I., Syam, D., and Wahjuni, S. L. “Islamic Social Reporting Index Sebagai Model Pengukuran Kinerja Sosial Perbankan Syariah (Studi Komparasi Indonesia dan Malaysia)”. Jurnal Dinamika Akuntansi 4, No. 1: 36-46, (2012).
Tilt, C.A. “Environmental Policies of Major Companies: Australian Evidence”. British Accounting Review, No. 29: 367–394, (1997).