Dampak Kompleksitas Implementasi PSAK 72 di Indonesia

Abstract

This study aims to explain the resistance of companies to PSAK 72 in Indonesia by testing the relevance of profit and Earning per Share (EPS) and Book Value per Share (BVPS) in relation to the implementation of PSAK 72. The research sample is companies listed on the Indonesia Stock Exchange selected using the purposive method and resulting in 1992 research observations. The paired sample t-test and regression methods are used to analyze the relevance of accounting information on the value of Earning per Share (EPS) and Book Value per Share (BVPS) to stock prices in the period before and after the implementation of PSAK 72. To obtain confidence in the impact of PSAK 72 on changes in the relevance of accounting information on value, an interaction test of PSAK 72 with EPS and BVPS was conducted in a regression model. The results of the study indicate a decrease in the relevance of profit and EPS value and BVPS caused by PSAK 72. The results of this study provide input for the Indonesian Financial Accounting Standards Board in evaluating the implementation of PSAK 72 and taking actions for long-term anticipation. Further research is expected to conduct post-implementation observations of PSAK 72 over a longer period of time to obtain more generalizable conclusions regarding the quality of PSAK 72 as an accounting regulation.