MEKANISME CORPORATE GOVERNANCE TERHADAP KONSERVATISME AKUNTANSI DI INDONESIA (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia)

Abstract

ABSTRACT
The number of fraud cases in Indonesia indirectly indicated the low level of conservatism
applied by companies in preparing financial reports. This research will find empirical
evidence of how the influence of board characteristics as the motor of the implementation
of corporate governance to the level of accounting conservatism. Characteristics of the
board that will be examined in this study related to the independence of the commissioner,
stock ownership by the board, and the existence of audit committees. While accounting
conservatism measure, namely the value of accruals and the market value. Type of research
used in this research is quantitative. Population in this research is that companies listed on
the Indonesia Stock Exchange (IDX). The selected samples are listed manufacturing
companies in Indonesia Stock Exchange (IDX) in 2005-2007. Hypothesis to partial and
independent variables simultaneously, the independence of the commissioner, stock
ownership by the board, and the existence of audit committees affect accounting
conservatism, the value of accruals and the market value. Control variables in this study
include the institutional ownership, company size, sales growth, leverage, profitability, the
holding period return, return, and stock ownership by the public. Data analysis technique
that is used Partial Least Square (PLS). Test results using Partial Least Square (PLS)
obtained significance value of each - each variable. Variable independence of
commissioners do not have a positive effect on accounting conservatism with a value of
accruals. Variable independence of commissioners do not have a positive effect on
accounting conservatism with a market value. Ownership variables by the board does not
have a significant effect on accounting conservatism Accrual value. Ownership variables
by the board have a significant effect on accounting conservatism by market value.
Variable presence of audit committees do not have a positive impact on the value of
accruals accounting conservatism. Variable presence of audit committees do not have a
positive effect on market value accounting conservatism.
Keywords: board characteristics, Corporate governance and Accounting conservatism.