Download The influences of Mandatory and Voluntary Disclosure to Asymmetry Information and the Impact on Earning Quality

The Effect of Mandatory Disclosure and Voluntary Disclosure
in Annual Report to Asymmetry Information and the Impact
to Earning Quality
The needed of full and qualified information in any form is very important for the
decision maker, such as an investor, creditor and other stakeholder. One of the
important source is the annual report. It contains information such as
background information, financial and non financial information, projected
information, and management discussion and analysis, which is very important
for financial report users in making any decision.
This research was conducted to determine whether the mandatory disclosure
and voluntary disclosure to asymmetry information. And also whether the
asymmetry information which is indicated by bid-ask spread to earning quality.
This research uses descriptive method by using a cross sectional study. The
population in this study were mining and oil and gas companies listed in
Indonesian Stock Exchange in the 2010. From the survey data were calculated
using purposive sampling method, obtained 24 samples of companies. Data
processing was performed linear regression and testing hypotheses were tested
with t-statistics test and F-statistic test at 5% significance level.
The test results simultaneously with the statistical test showed that there were
significant influence of disclosures toasymmetry information and there are also
significant influence asymmetry information to earning quality. Partial test
results with statistical test showed that partially increasing mandatory disclosure
and voluntary disclosure has significant influence to decreasing asymmetry
information. While asymmetry information have a significant negative effect to
earning quality.
Keywords: Mandatory Disclosure, Voluntary Disclosure, Asymmetry Information,
Earning Quality