KEANDALAN DAN RELEVANSI NILAI PADA ASET TAKBERWUJUD SEBELUM DAN SESUDAH PENERAPAN PSAK BERBASIS IFRS

Abstract

This study aims to examine and obtains empirical evidence about value relevance of intangible assets, the correlations between value relevance and value reliability of intangible assets, and the influence of IFRS-based application of PSAK by using Ohlson price model. The dependent variable in this research is value relevance (Ht). The independent variable of this research are intangible assets (ATB), goodwill (GW), identifiable intangible assets other than goodwill (ATBSG), and value reliability (TAB-TL). The control variables used are earnings per share (EPS) and book value of equity (BVS). This research using an eight-year long range of time, with 2007-2009 as the period pre-IFRS-based application of PSAK, 2010 and 2011 as the cut-off period, and 2012-2014 as the period of post-IFRS-based application of PSAK. This research uses purposive sampling as the sampling method. 38 companies which are listed on Indonesian Stock Exchange were chosen because they meet the criteria. Hypothesis testing using multiple regression analysis, chow test, and independent samples t-test. The result of this research shows that intangible assets and its components have value relevance, but value relevance does not increase after implementation of PSAK-based IFRS. The next results shows that more reliable companies in the reporting of intangible assets and its components, the value relevance will increase, the results are still consistent after the adoption of PSAK-based IFRS.