Pengaruh Corporate Governance Terhadap Restatement dan Dampaknya Terhadap Harga Saham
DOI:
https://doi.org/10.25181/esai.v12i2.1098Abstrak
This study aims to prove empirically the influence of corporate governance proxied by the size of the board of commissioners, the independence of the board of commissioners, the size of the audit committee, managerial share ownership and institutional share ownership as well as its impact on stock prices. The data used in this research is secondary data. The population in this study is a public listed company listed on the Indonesia Stock Exchange period 2013-2015. The analysis technique used is logistic regression analysis. The test results prove that the size of the board of commissioners, the size of the audit committee and managerial share ownership, negatively negatively affect the restatement, while the independence of the board of commissioners and institutional ownership have no significant significant effect on the restatement and restatement negatively effect on stock prices. Keywords: Board size, board independence, audit committee , managerial share ownership, institutional share ownership, restatement, stock priceÂUnduhan
Referensi
Abdullah, S.N., Yusof, M. and Nor, M. 2010. “Financial Restatements and Coporate Governance Among Malaysian Listed Companiesâ€. Manajerial Auditing Journal, Vol. 25, No. 6, pp. 526-552. Emerald Group Publishing Limited.
Agrawal, A. dan Chadha, S, (2005). “Corporate Governance and Accounting Scandalsâ€. Journal of Law and Economics, Vol.XLVIII.
Boediono, Gideon. 2005. Kualitas Laba: Studi Pengaruh Mekanisme Corporate Governance dan Dampak Manajemen Laba dengan Menggunakan Analisis Jalur. Simposium Nasional Akuntansi (SNA) VIII Solo.
Badan Pengawas Pasar Modal. 2004. Kep-29/PM/2004. Pembentukan dan Pedoman Kerja Komite Audit
Callen et al. 2005. Accounting Restatement: Are They Always Bad News for Investor. Journal of Investing Forthcoming, University of Toronto, Canada
Cornet et al. 2006. Earnings Management, Corporate Governance and True Financial Performance. ECGI Finance Working Paper
Dalton, D. R., Daily, C. M., Johnson, J. L., & Ellstrand, A. E. (1999). Number of directors and financial performance: a meta-analysis. Academy of Management Journal , Vol. 42, pp. 674-686.
Forum for Corporate Governance in Indonesian (FCGI). 2008. http://www.fcgi.org.id
General Accounting Office., 2002, Financial Statement Restatementts: Trends, Market Impacts, Regulatory Responses, and Remaining Challenges. Washington, D.C. GAO-03-138
Government Accountable Office (GAO). (2006). Financial Restatement Database Report 061053R, Government Printing Office, Washington, DC.
Gleason, C. A., N. T. Jenkins, and W. B. Johnson. 2008. The contagion effects of accounting restatements.The Accounting Review 83(1):83–110
Griffin, P.A. 2006. “Financial Anlysts Responses to restatement and Corrective Disclosureâ€. Journal Accounting Auditing and Finance Volume18 No 3 pp. 479
Jensen, M. C., dan William H. Meckling. (1976). "Theory of the Firm: Managerial Behaviour, Agency Cost, and Ownership Structure". Journal of Financial Economics, Vol.3, No.4, h.305-360
KNKG. 2006. Pedoman Umum Good Corporate Governance Indonesia. Jakarta: Komite Nasional
Komsiah. 2005. Hubungan Corporate Governance dan Kinerja Perusahaan. Simposium Nasional Ak VII Denpasar
Kurnianto. 2013. Analisis Pengaruh EPS, ROE, DER, dan CR Terhadap Harga Saham Dengan PER Sebagai Variabel Moderating. Skripsi Universitas Diponegoro Semarang
Kusumo, Bayu Indra dan Meirianto, 2014. Analisis Pengaruh Karakteriistik Corporate Governance Terhadap Keterjadian Restatement. Diponogoro Journal Of Accounting Volume 3, Nomor 3, Tahun 2014, Halaman 1-11
Lary, Akeel M. and Dennis W. Taylor. 2011. Governance Characteristic and role of Audit Committee. Managerial Auditing Journal 27(4):336-354
Lin, Jerry W, Jun F. Li and Joon S. Yang. 2006. The Effect of Audit Committee Performance on Earnings Quality. Managerial Auditing Journal, 21(9), 921-933
PSAK 25 (revisi 2012) Laba atau Rugi Bersih untuk Periode Berjalan, Kesalahan Mendasar, dan Perubahan Kebijakan Akuntansi.
Rani, Prawita Mandhega. 2011. Pengaruh Kinerja Komite Audit terhadap manajemen Laba (Dengan menggunakan earning restatement sebagai proksi dari manajemen laba). Skripsi Fakultas Ekonomika dan Bisnis, Universitas Diponegoro.
Ross, Stephen A, Westerfield and Jaffe, 1999. corporate finance, Irwin Mc Graw Hill.
Sabrina, A.I. 2010. Pengaruh Corporate Governance dan Struktur Kepemilikan terhadap Kinerja Perusahaan. Skripsi Fakultas Ekonomika dan Bisnis. Universitas Diponegoro
Sembiring. 2005. Karakteristik Perusahaan dan Pengungkapan Tanggung Jawab Sosial : Study Empiris pada Perusahaan yang tercatat di Bursa Efek Jakarta. Simposium Nasional Akuntansi 8
Sutedi, Adrian. 2011. Good Corporate Governance. Jakarta: Sinar Grafika
Ujiyantho, Arif Muh. dan Pramuka. 2007. Mekanisme Corporate Governance, Manajemen Laba dan Kinerja Keuangan. Simposium Nasional Akuntansi X, Makasar, 26-28 Juli
Veronica, Slyvia dan Bachtiar, Yanivi S. 2005. The Role of Corporate Governance to Preventing Misstated Financial Statement. Jurnal Vol.2 No.1, hal.159-173
Winanda, Arsita Putri. 2009. Analisis Pengaruh Penerapan Good Corporate Governance dan Struktur Kepemilikan Terhadap Kinerja Perusahaan. Journal Simposium Akuntansi
Yuristia, Citra dan Niki Lukviarman. 2008. Analisis Hubungan Antara Strong Boards dan External Governance terhdap Accounting Restatement.Jurnal Siasat Bisnis Hal 89-114
Zhingzhong, H. and Z. Juan, Yanzhi, S. and Wenli, X. 2011. â€Does Corporate Governance Affect Restatement of Financial Reporting? Evidence from Chinaâ€. Nankai Business Review International, Vol. 2, No. 3, pp. 289-302. Emerald Group Publishing Limited.
