Financial Slack And Voluntary Reporting On Stock Decision: Experimental Study

Handoko, Jesica, Tambunan, Sihar Tigor Benjamin and Yudhanti, Ceicilia Bintang Hari (2024) Financial Slack And Voluntary Reporting On Stock Decision: Experimental Study. JURNAL BISNIS DAN AKUNTANSI, 26 (2). pp. 37-56. ISSN pISSN: 1410– 9875 eISSN: 2656 – 9124

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Abstract

The high increase in young investors in the Indonesian capital market encourages the need to research what investors or potential investors consider when making decisions. Previous research shows the need to use primary data that includes rational and irrational factors and considers accounting information, both internal and published to external parties. The current research aims to prove whether financial slack and voluntary reporting will support stock investment decisions made by young investors. Experimental research with H2x2 between-subjects design is conducted to provide empirical support regarding the usefulness of internal and external information in stock investment decisions. The sample was 93 undergraduate students majoring in accounting who had at least taken or were currently taking courses related to Stock Investment. Some are regular visitors to the Investment Clinic from the Business Faculty in Surabaya. Sixty-three data from participants who successfully answered the manipulation check questions were processed to answer the research hypothesis. The statistical tool analysis of variance is used to test the hypothesis. Research findings show that financial slack did not influence stock investment decisions, while voluntary reporting in the form of sustainability reporting has been proven to influence the stock investment decisions of young participants. Another result is the interaction effect of financial slack and voluntary reporting on stock investment decisions, which shows the importance of disclosing the use of slack resources because it will influence investor decisions. These research findings imply the need for voluntary reports containing various strategic company actions so that readers of financial reports can utilize the information provided in various decision-making processes, including those related to stock investment decisions.

Item Type:	Article
Uncontrolled Keywords:	Financial Slack, Stock Investment Decisions, Voluntary Reporting
Subjects:	Business > Accounting Digital Business Management > Business > Accounting
Divisions:	Journal Publication
Depositing User:	F.X. Hadi
Date Deposited:	20 Jan 2025 02:01
Last Modified:	10 Apr 2025 06:39
URI:	https://repositori.ukwms.ac.id/id/eprint/42210

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