DETERMINAN, DETEKSI DAN KONSEKUENSI FRAUD DI PASAR MODAL: SUDUT PANDANG TEORI KEAGENAN DAN TEORI EKSPEKTASI RASIONAL

Rita Yuliana

Abstract


Fraud merupakan isu penting di pasar modal karena keberadaannya
membahayakan pasar maupun investor. Oleh karena itu, fraud menjadi perhatian
bagi pengelola pasar modal. Namun, penelitian tentang konsekuensi fraud di pasar
modal yang diukur dengan menggunakan return saham masih relatif terbatas.
Artikel ini mengulas 16 jurnal mengenai fraud dengan menggunakan teori
keagenan dan teori ekspektasi rasional dalam mengidentifikasi determinan dan
konsekuensi fraud. Hasil artikel ini yaitu berupa ide penelitian mendatang tentang
fraud di pasar modal. Artikel ini juga dilengkapi dengan gambaran deteksi fraud di
pasar modal Indonesia guna mendukung potensi aplikasi dari peluang riset
tersebut.

 


Keywords


Fraud, Pasar Modal, Peluang Penelitian

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Lynch, A., Bryant, S., & Reck, J. (2011) Fraudulent Financial Reporting: An Update on SEC

Investigations. Journal of Forensic & Investigative Accounting,2(1), 116-147

Perols, J. L., & Lougee, B. A. (2011). The relation between earnings management and financial

statement fraud. Advances in Accounting, 27(1), 39-53. doi: http://dx.doi.org/10.1016/

j.adiac.2010.10.004

Singleton, T., Singleton, A., Bologna, J., & Linquist, R. (2006). Fraud Auditing and Forensic

Accounting (Third ed.). New Jersey: John Wiley & Sons, Inc.

Johnson, W. C., Xie, W., & Yi, S. (2014). Corporate fraud and the value of reputations in the

product market. Journal of Corporate Finance, 25(0), 16-39. doi: http://dx.doi.org/10.1016/

j.jcorpfin.2013.10.005

Lynch, A., Bryant, S., & Reck, J. (2011) Fraudulent Financial Reporting: An Update on SEC

Investigations. Journal of Forensic & Investigative Accounting,2(1), 116-147

Perols, J. L., & Lougee, B. A. (2011). The relation between earnings management and financial

statement fraud. Advances in Accounting, 27(1), 39-53. doi: http://dx.doi.org/10.1016/

j.adiac.2010.10.004

Singleton, T., Singleton, A., Bologna, J., & Linquist, R. (2006). Fraud Auditing and Forensic

Accounting (Third ed.). New Jersey: John Wiley & Sons, Inc.

Johnson, W. C., Xie, W., & Yi, S. (2014). Corporate fraud and the value of reputations in the

product market. Journal of Corporate Finance, 25(0), 16-39. doi: http://dx.doi.org/10.1016/

j.jcorpfin.2013.10.005

Lynch, A., Bryant, S., & Reck, J. (2011) Fraudulent Financial Reporting: An Update on SEC

Investigations. Journal of Forensic & Investigative Accounting,2(1), 116-147

Perols, J. L., & Lougee, B. A. (2011). The relation between earnings management and financial

statement fraud. Advances in Accounting, 27(1), 39-53. doi: http://dx.doi.org/10.1016/

j.adiac.2010.10.004

Singleton, T., Singleton, A., Bologna, J., & Linquist, R. (2006). Fraud Auditing and Forensic

Accounting (Third ed.). New Jersey: John Wiley & Sons, Inc.

Johnson, W. C., Xie, W., & Yi, S. (2014). Corporate fraud and the value of reputations in the

product market. Journal of Corporate Finance, 25(0), 16-39. doi: http://dx.doi.org/10.1016/

j.jcorpfin.2013.10.005

Lynch, A., Bryant, S., & Reck, J. (2011) Fraudulent Financial Reporting: An Update on SEC

Investigations. Journal of Forensic & Investigative Accounting,2(1), 116-147

Perols, J. L., & Lougee, B. A. (2011). The relation between earnings management and financial

statement fraud. Advances in Accounting, 27(1), 39-53. doi: http://dx.doi.org/10.1016/

j.adiac.2010.10.004

Singleton, T., Singleton, A., Bologna, J., & Linquist, R. (2006). Fraud Auditing and Forensic

Accounting (Third ed.). New Jersey: John Wiley & Sons, Fich, E. M., & Shivdasani, A. (2007). Financial fraud, director reputation, and shareholder wealth.

Journal of Financial Economics, 86(2), 306-336. doi: http://dx.doi.org/10.1016/

j.jfineco.2006.05.012

Firth, M., Rui, O. M., & Wu, W. (2011). Cooking the books: Recipes and costs of falsified financial

statements in China. Journal of Corporate Finance, 17(2), 371-390. doi: http://dx.doi.org/

1016/ j.jcorpfin.2010.09.002

Garfinkel, J. A. (1997). New Evidence on the Effects of Federal Regulations on Insider Trading:

The Insider Trading and Securities Fraud Enforcement Act (ITSFEA). Journal of Corporate

Finance, 3, 89-111

Johnson, W. C., Xie, W., & Yi, S. (2014). Corporate fraud and the value of reputations in the

product market. Journal of Corporate Finance, 25(0), 16-39. doi: http://dx.doi.org/10.1016/

j.jcorpfin.2013.10.005

Lynch, A., Bryant, S., & Reck, J. (2011) Fraudulent Financial Reporting: An Update on SEC

Investigations. Journal of Forensic & Investigative Accounting,2(1), 116-147

Perols, J. L., & Lougee, B. A. (2011). The relation between earnings management and financial

statement fraud. Advances in Accounting, 27(1), 39-53. doi: http://dx.doi.org/10.1016/

j.adiac.2010.10.004

Singleton, T., Singleton, A., Bologna, J., & Linquist, R. (2006). Fraud Auditing and Forensic

Accounting (Third ed.). New Jersey: John Wiley & Sons, Inc.

Fich, E. M., & Shivdasani, A. (2007). Financial fraud, director reputation, and shareholder wealth.

Journal of Financial Economics, 86(2), 306-336. doi: http://dx.doi.org/10.1016/

j.jfineco.2006.05.012

Firth, M., Rui, O. M., & Wu, W. (2011). Cooking the books: Recipes and costs of falsified financial

statements in China. Journal of Corporate Finance, 17(2), 371-390. doi: http://dx.doi.org/

1016/ j.jcorpfin.2010.09.002

Garfinkel, J. A. (1997). New Evidence on the Effects of Federal Regulations on Insider Trading:

The Insider Trading and Securities Fraud Enforcement Act (ITSFEA). Journal of Corporate

Finance, 3, 89-111

Johnson, W. C., Xie, W., & Yi, S. (2014). Corporate fraud and the value of reputations in the

product market. Journal of Corporate Finance, 25(0), 16-39. doi: http://dx.doi.org/10.1016/

j.jcorpfin.2013.10.005

Lynch, A., Bryant, S., & Reck, J. (2011) Fraudulent Financial Reporting: An Update on SEC

Investigations. Journal of Forensic & Investigative Accounting,2(1), 116-147

Perols, J. L., & Lougee, B. A. (2011). The relation between earnings management and financial

statement fraud. Advances in Accounting, 27(1), 39-53. doi: http://dx.doi.org/10.1016/

j.adiac.2010.10.004

Singleton, T., Singleton, A., Bologna, J., & Linquist, R. (2006). Fraud Auditing and Forensic

Accounting (Third ed.). New Jersey: John Wiley & Sons, Inc.

Fich, E. M., & Shivdasani, A. (2007). Financial fraud, director reputation, and shareholder wealth.

Journal of Financial Economics, 86(2), 306-336. doi: http://dx.doi.org/10.1016/

j.jfineco.2006.05.012

Firth, M., Rui, O. M., & Wu, W. (2011). Cooking the books: Recipes and costs of falsified financial

statements in China. Journal of Corporate Finance, 17(2), 371-390. doi: http://dx.doi.org/

1016/ j.jcorpfin.2010.09.002

Garfinkel, J. A. (1997). New Evidence on the Effects of Federal Regulations on Insider Trading:

The Insider Trading and Securities Fraud Enforcement Act (ITSFEA). Journal of Corporate

Finance, 3, 89-111

Johnson, W. C., Xie, W., & Yi, S. (2014). Corporate fraud and the value of reputations in the

product market. Journal of Corporate Finance, 25(0), 16-39. doi: http://dx.doi.org/10.1016/

j.jcorpfin.2013.10.005

Lynch, A., Bryant, S., & Reck, J. (2011) Fraudulent Financial Reporting: An Update on SEC

Investigations. Journal of Forensic & Investigative Accounting,2(1), 116-147

Perols, J. L., & Lougee, B. A. (2011). The relation between earnings management and financial

statement fraud. Advances in Accounting, 27(1), 39-53. doi: http://dx.doi.org/10.1016/

j.adiac.2010.10.004

Singleton, T., Singleton, A., Bologna, J., & Linquist, R. (2006). Fraud Auditing and Forensic

Accounting (Third ed.). New Jersey: John Wiley & Sons, Inc.

Fich, E. M., & Shivdasani, A. (2007). Financial fraud, director reputation, and shareholder wealth.

Journal of Financial Economics, 86(2), 306-336. doi: http://dx.doi.org/10.1016/

j.jfineco.2006.05.012

Firth, M., Rui, O. M., & Wu, W. (2011). Cooking the books: Recipes and costs of falsified financial

statements in China. Journal of Corporate Finance, 17(2), 371-390. doi: http://dx.doi.org/

1016/ j.jcorpfin.2010.09.002

Garfinkel, J. A. (1997). New Evidence on the Effects of Federal Regulations on Insider Trading:

The Insider Trading and Securities Fraud Enforcement Act (ITSFEA). Journal of Corporate

Finance, 3, 89-111

Johnson, W. C., Xie, W., & Yi, S. (2014). Corporate fraud and the value of reputations in the

product market. Journal of Corporate Finance, 25(0), 16-39. doi: http://dx.doi.org/10.1016/

j.jcorpfin.2013.10.005

Lynch, A., Bryant, S., & Reck, J. (2011) Fraudulent Financial Reporting: An Update on SEC

Investigations. Journal of Forensic & Investigative Accounting,2(1), 116-147

Perols, J. L., & Lougee, B. A. (2011). The relation between earnings management and financial

statement fraud. Advances in Accounting, 27(1), 39-53. doi: http://dx.doi.org/10.1016/

j.adiac.2010.10.004

Singleton, T., Singleton, A., Bologna, J., & Linquist, R. (2006). Fraud Auditing and Forensic

Accounting (Third ed.). New Jersey: John Wiley & Sons, Inc.

Fich, E. M., & Shivdasani, A. (2007). Financial fraud, director reputation, and shareholder wealth.

Journal of Financial Economics, 86(2), 306-336. doi: http://dx.doi.org/10.1016/

j.jfineco.2006.05.012

Firth, M., Rui, O. M., & Wu, W. (2011). Cooking the books: Recipes and costs of falsified financial

statements in China. Journal of Corporate Finance, 17(2), 371-390. doi: http://dx.doi.org/

1016/ j.jcorpfin.2010.09.002

Garfinkel, J. A. (1997). New Evidence on the Effects of Federal Regulations on Insider Trading:

The Insider Trading and Securities Fraud Enforcement Act (ITSFEA). Journal of Corporate

Finance, 3, 89-111

Johnson, W. C., Xie, W., & Yi, S. (2014). Corporate fraud and the value of reputations in the

product market. Journal of Corporate Finance, 25(0), 16-39. doi: http://dx.doi.org/10.1016/

j.jcorpfin.2013.10.005

Lynch, A., Bryant, S., & Reck, J. (2011) Fraudulent Financial Reporting: An Update on SEC

Investigations. Journal of Forensic & Investigative Accounting,2(1), 116-147

Perols, J. L., & Lougee, B. A. (2011). The relation between earnings management and financial

statement fraud. Advances in Accounting, 27(1), 39-53. doi: http://dx.doi.org/10.1016/

j.adiac.2010.10.004

Singleton, T., Singleton, A., Bologna, J., & Linquist, R. (2006). Fraud Auditing and Forensic

Accounting (Third ed.). New Jersey: John Wiley & Sons, Inc.




DOI: https://doi.org/10.21107/jaffa.v1i1.4002

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