TY  - JOUR
T1  - The Impact of IFRS Convergence on the Market Value of Equity on Trade,
Goods and Services Companies Listed on the Indonesia Stock Exchange
AU - Setyadi, Bakti AU - , Fitriasuri AU - Rachman, Bochari 
JO  - The Social Sciences
VL  - 14
IS  - 1
SP  - 1
EP  - 8
PY  - 2019
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2019.1.8
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2019.1.8
KW  - the value of the company
KW  -the effects
KW  -IFRS
KW  -convergence
KW  -Development
KW  -IASB
AB  - The development of multinational companies encourages the development of global capital markets
and demands better disclosures in financial reporting. Therefore, the International Financial Reporting Standard
(IFRS) issued by the International Accounting Standards Board (IASB) has been selected as the basis for the
development of financial reporting standards through the convergence process. The changes of the financial
standards provide options in determining the accounting policies used to calculate the company’s value for
investors. This research examines the impact of implementation of IFRS convergence on Market Value of Equity
(MVE) and influencing determinants includes Earning Per Share (EPS), Equity per Share (EQPS), Price Per Share
(PPS) by using paired t-test (paired-sample t-test) between the data before and after the convergence of IFRS.
The method used is a survey method by using secondary data with quantitative analysis in the sector of trade
in goods and services listed on the Indonesian Stock Exchange. The result shows that the convergence of IFRS
did not have a significant impact on average changes of the value of EPS, EQPS, PPS and MVE. In other words,
the convergence of IFRS had no impact on changes in the value of the said four variables. Furthermore, the
correlation test result shows that the convergence of IFRS has relation to the value formation of market value
of equity and price per share after the implementation of IFRS. Instead, the convergence of IFRS did not
contribute to the value formation of earning per share and equity per share after IFRS implementation.
ER  -