THE ROLE OF CORPORATE GOVERNANCE ON FINANCIAL STATEMENT QUALITY AND INVESTOR REACTION
DOI:
https://doi.org/10.38035/dijefa.v1i1.202Keywords:
CG, Corporate Governance, Financial Statement, Investor ReactionAbstract
The purpose of this paper is to examine the effect of the number of boards of directors, boards of commissioners, audit committees, the background of the audit committee on the quality of financial statements and the reaction of investors with ROA as a control variable. The population in this study is the annual report of banking company listed on the Indonesia Stock Exchange on 2018. The analysis method in this study is the multiple linear regression analysis using SPSS. Based on simultaneous test results, the number of boards of directors, boards of commissioners, audit committees, the background of the audit committee have a significant influence on the investor's reaction to ROA as a control variable, but had no effect on the quality of financial statements.
References
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Bauwhede, Heidi Vander. (2001). What Factors Influence Financial Statement Quality? A Framework and Some Empirical Evidence. The Euroconference on Financial Reporting and Regulatory Practices in Europe Palermo, Italy, May 20-23, 2001
Effendi, Muh. Arief. (2016). The Power of Good Corporate Governance: Teori dan Implementasi. Salemba Empat: Jakarta
Egbunike, Chinedu Francis & Augustine N. Odum. (2018). Board Leadership Structure: The Evidence from Quote Manufacturing Firm in Nigeria. Asian Journal of Accounting Research, Vol. 3, No. 8, pp. 82 – 111
Godfrey, Jayne, Allan Hodgson, Ann Tarca, Jane Hamilton, dan Scott Holmes. 2010. Accounting Theory, seventh edition. John Wiley & Sons Ltd: Australia
Hai, Do Huu. (2015). The Factors Affect the Quality of Financial Statement Audit in Vietnam Business. Asian Social Science, Vol. 11, No. 27, Canadian Center of Science and Education
Himawan, Mey Rianaputri dan Yulius Jogi Christiawan. 2016. Pengaruh Keputusan Pendanaan dan Kebijakan Dividen terhadap Nilai Perusahaan pada Sektor Manufaktur di Indonesia. Business Accounting Review, Vol. 4, No. 1, Hal.193-204
Pratiwi, Dhera Arizona. (2015). Tujuh Perusahaan dengan Skandal Terbesar di Dunia. [online] available: https://economy.okezone.com/read/2015/10/19/213/1234204/ tujuh-perusahaan- dengan-skandal-terbesar-di-dunia. [Oktober, 2019]
Laucereno, Sylke Febrina. (2019). Terbukti Cacat, Status Laporan Keuangan Garuda Rugi. [online] available: https://finance.detik.com/bursa-dan-valas/d-4603666/terbukti-cacat-status-laporan- keuangan-garuda-rugi. [Oktober, 2019]
Jensen C. Michael C. Meckling H. William. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3, 305-360
Lukviarman, Niki. (2016). Corporate Governance: Menuju Penguatan Konseptual dan Implementasi di Indonesia. PT Era Adicitra Intermedia: Solo
Mollah, Sabur, Omar Al Farooque, Asma Mobarek, Philip Molyneux. (2019). Bank Corporate Governance and Future Earnings Predictability. Journal of Financial Services Research, 56:369–394
Reporting. Jurnal Reviu Akuntansi dan Keuangan: Vol.3 No. 2, Pp 479-492
Nasir, Noorul Azwin Binti Md, Muhammad Jahangir Ali, Kamran Ahmed. (2019). Corporate governance, board ethnicity and financial statement fraud: evidence from Malaysia. Accounting Research Journal, Vol. 32 No. 3, pp. 514-531
Ntim, Collins G., Teerooven Soobaroyen and Martin J. Broad. (2017). Governance Structures, Voluntary Disclosure, and Public Accountability, The Case of UK Higher Education Institutions. Accounting, Auditing & Accountability Journal, Vol. 30, No. 1, pp.65 -118
Palaniappan G. (2016). Determinats of Corporate Financial Performance relating to Board Characteristics of Corporate Governance in Indian Manufacturing Industry. European Journal of Management and Business Economics, Vol. 26 No. 1, pp.67 – 85
Salehi, Mahdi, Mohammad Tahervafaei, Hossein Tarighi. (2017). The Effect of Characteristic of Audit Committee and Board on Corporate Profitability in Iran. Journal of Economic and Administrative Sciences, Vol 34, No. 1, pp71-88
Scott, W.R.. (2015). Financial Accounting Theory, 7th Edition, Prentice Hall: New Jersey
Setianingsih, Ely Puji. (2013). Pengaruh Mekanisme Tata Kelola Perusahaan Dan Kinerja Perusahaan Terhadap Kualitas Laba (Studi Kasus Perusahaan Otomotif Dan Komponen Di Bursa Efek Indonesia). Proceeding Pesat (Psikologi, Ekonomi, Sastra, Arsitektur & Teknik Sipil), Vol. 5, Hal E-105 - E-112
Siregar, Nolita Yeni dan Fitria Rahayu. (2018). Pengaruh Corporate Governance Terhadap Restatement dan Dampaknya Terhadap Harga Saham. Jurnal Ilmiah ESAI: Volume 12, No. 2
Yasmeen, Diptarina dan Sri Hermawati. (2015). Pengaruh Good Corporate Governance Terhadap Kualitas Pelaporan Keuangan Pada Perusahaan Manufaktur. Jurnal Ekonomi Bisnis, volume 20 No. 1, Pp. 25-31
Yatmi, M. S. N., Astuti, D. S. P., & Widarno, B. (2016). Pengaruh Laba Akuntansi dan Good Corporate Governance Terhadap Return Saham Perusahaan Peserta Corporate Governance Perception Index. Jurnal Akuntansi dan Sistem Teknologi Informasi, 12(2)
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2020-03-22
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