| dc.description.abstract | The convergent of Standar Akuntansi Keuangan (SAK) with International
Financial Reporting Standards (IFRS), cause principle of conservatism in
accounting is left behind. But in the other hand, this principle gives much positive
impact in business. Accounting conservatism is a principle that resist income
acknowledgement but make cost acknowledgement faster. One of the functions of
conservatism is reducing asymmetric information in company. This research is
aimed to know the influence of conservatism to the asymmetric information in
manufacture companies in Indonesia, which conservatism is measured in 3 models
of measurement. They are Givoly and Hayn (2000); Basu (1997); Beaver and
Ryan model (2000). Whereas asymmetric information is measured by using Bid
Ask Spread formula.
This result of research by conservatism measurement of Givoly and Hayn
(2000) and Basu (1997) model cannot explain the influence of conservatism to the
asymmetric information. Whereas Beaver and Ryan (2000) model show
conservatism has positive influence and significant to the asymmetric information.
This research doesn’t support Lafond and Watts (2006) and Haniati and Fitriany’s
result (2010), but support FASB’s statement (2005). | en_US |
