Data: Compliance and Familiarity with Fixed Assets’ Disclosure Requirements and Firm Value
Description
We examine the impact of compliance and familiarity with fixed assets’ disclosure requirements on firm value in Indonesia. Based on the IAS 16 disclosure instrument developed by Deloitte, data were manually tabulated from 1,672 financial statements of publicly listed firms during the period from 2013 to 2020. We calculated the compliance and familiarity index by dividing the total amount of “yeses” by the total amount of “yeses + nos.” We combine these data (indexes) with firm value data and data for control variables. We include SAS dataset and codes for the hypotheses testing. We find that both the compliance level and familiarity level gradually increase over time. The result shows that greater compliance with IFRS accounting standards is associated with greater firm value. Interestingly, we find a negative association between the familiarity sub-index and firm value, suggesting that unfamiliarity with more complex accounting standards can lead to lower firm value.
Files
Steps to reproduce
Open the SAS dataset (share_emr.sas7dat) and the SAS code (Share_Code_EMR.sas) by using SAS 9.4 Program. Select the SAS code and then click run. Alternatively, the excel file (Share_EMR.xlsx) is imported in a Statistical Software. It should be ready to be run to test the hypotheses.