Abstract,
This reasearch aims to find empirical evidence about business
strategies that directly influence the Internet Financial Reporting (IFR)
and business strategies indirectly affect the Internet Financial Reporting
(IFR) through agency cost as an intervening variable. The population of
this research is all manufacturing companies listed on the Indonesia
Stock Exchange (IDX) in 2017. The sample of this research was taken by
using purposive sampling method. The variable of this research consists
of independent variables, namely the business strategy measured by the
asset utilization efficiency (Warsini and Rossieta, 2013). The dependent
variable, the Internet Financial Reporting (IFR), is measured by the
Internet Disclosure Index (IDI) (Spanos and Mylonakis, 2006;
Puspitaningrum and Atmini, 2012). Intervening variables, namely agency
cost, are measured by ratio of operating expense divided by total sales
per year (Ang, et al. 2000, Khan, et al. 2016). Control variables namely
company size are measured by the natural logarithm of the company's
total assets (Puspitaningrum and Atmini, 2012; Siagian, et al.2013). The
results of this research find evidence that business strategies influence
the Internet Financial Reporting (IFR) and Agency Cost mediate the
influence of business strategies on Internet Financial Reporting (IFR).
Keywords : Business Strategy, Agency Cost, Internet Financial Reporting
Abstrak,
Penelitian ini bertujuan untuk menemukan bukti empiris
mengenai strategi bisnis berpengaruh secara langsung terhadap Internet
Financial Reporting (IFR) dan strategi bisnis berpengaruh secara tidak
langsung terhadap Internet Financial Reporting (IFR) melalui agency
cost sebagai variabel intervening. Populasi penelitian ini adalah seluruh
perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI)
tahun 2017. Pengambilan sampel penelitian ini menggunakan metode
purposive sampling. Variabel penelitian ini terdiri dari variabel
independen yaitu strategi bisnis diukur dengan asset utilization efficiency
(Warsini dan Rossieta, 2013). Variabel dependen yaitu Internet Financial
Reporting (IFR) diukur dengan Internet Disclosure Index (IDI)( Spanos
dan Mylonakis, 2006; Puspitaningrum dan Atmini, 2012). Variabel
intervening yaitu agency cost diukur dengan ratio of operating expense
dibagi dengan total penjualan per tahun (Ang, et al.2000, Khan, et al.
2016). Variabel kontrol yaitu ukuran perusahaan diukur dengan logaritma natural total aset perusahaan (Puspitaningrum dan Atmini,
2012; Siagian, et al.2013). Hasil penelitian ini menemukan bukti bahwa
strategi bisnis berpengaruh terhadap Internet Financial Reporting (IFR)
dan Agency Cost memediasi pengaruh strategi bisnis terhadap Internet
Financial Reporting (IFR).
Kata kunci : Strategi Bisnis, Agency Cost, Internet Financial Reporting