PENGARUH KARAKTERISTIK KOMITE AUDIT PADA KONDISI FINANCIAL DISTRESS PERUSAHAAN, STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2008 – 2010
Abstract: This study aims to
analyze the influences of audit committee characteristics, consisted of audit
committee size, independent commissioners of audit committee, audit committee
meeting frequency, and financial competence of audit committee members, to the
possibility of financial distress in companies. Data used in this study were
drawn from financial statements and annual reports of listed manufacturing
companies in Indonesia Stock Exchange (IDX) during 2008-2010. This study used
logistic regression analysis to examine the effect of audit committee size,
independent commissioners of audit committee, audit committee meeting
frequency, and financial competence of audit committee members on company's
financial distress condition. The results of this study indicate: 1) audit
committee size does not have significant
influence on the probability of company's financial distress, 2) audit
committee independence does not have significant influence on the probability
of company's financial distress, 3) audit committee meeting frequency
provides negative significant influence
on the probability of company's financial distress, companies that have more often meeting
frequency, have less probability to encounter financial distress, and 4)
financial competence of audit committee members does not have significant
influence on the probability of company's financial distress.
Keywords: Financial Distress,
Audit Committee Size, Independent Commissioner, Meeting Frequency, Financial
Competence
Penulis: Martina Eny
Kristanti, Muchamad Syafruddin
Kode Jurnal: jpakuntansidd120484
