ANALISIS PENGARUH KARAKTERISTIK CORPORATE GOVERNANCE TERHADAP KETERJADIAN RESTATEMENT
Abstract: The
purpose of this study was to examine the effect of corporate governance
characteristics on the financial restatement. Indicators used to measure
corporate governance mechanisms in this study is the size of board, proportion
of independent board, size of audit committee, managerial ownership,and
institutional. While financial restatement as the dependent variable was
measured using dummy variabel which used number 1 for restatement companies and
number 0 for non-restatement companies. In addition, this study also added two
control variables are firm size firm size and leverage.
This study uses secondary data with entire population companies listed in
the Indonesia Stock Exchange (BEI) in 2008-2012. The method used to determine
the sample using purposive sampling. Sample contains from 24 restate companies
and 24 non-restate companies. The criteria of restatement companies allowed
from GAO’s definition of restatement and exclude restatement that was happened
due to application of new PSAK, accounting method changes, merge and
acquisition that accordance with PSAK, and stock splits or reverse stock. The
analytical method used is logistic regression.
The results of hypothesis testing showed that the proportion of
independent board and institutional ownership negatively affects the financial
restatement.. While size of board, size of audit committee and managerial
ownership did not significantly affect restatement. Overall it can be concluded
from these results that the corporate governance characteristics affect with
occurance of restatement.
Penulis: Ridho Widi Kusumo,
Wahyu Meiranto
Kode Jurnal: jpakuntansidd140978
