PENGARUH KONSERVATISMA AKUNTANSI TERHADAP RETURN SAHAM YANG DIMODERASI OLEH UKURAN KOMITE AUDIT
DOI:
https://doi.org/10.35591/wahana.v14i1.47Abstract
This research is aimed to answer the problems as well as to tests as to whether: firstly, accounting conservatism affects the return of stocks, secondly, number of audit committee moderates the effect of accounting conservatism to stock return. The total sample consisted of 115 annual reports of 57 companies listed in Indonesia Stock Exchange during the years 2002-2006. Sample was selected using purposive sampling method hypotheses testing and processed using the Moderated Regression Analysis. The results of this research were able to prove the first hypotheses which states that accounting conservatism effects on stock return, and also the effect is significantly negative, and also succeeded in proving the second hypotheses which states that the audit committee moderates the relationship between accounting conservatism with a positive stock return is significant.
Keywords: accounting conservatism, stock return, audit committee, company sixe and good corporate governance
Downloads
References
Asik, Nur Fadjrih. 1999. “Tambahan Kandungan Informasi Rasio Arus Kasâ€. Jurnal Riset Akuntansi Indonesia. Vol 2; 2 Juli 230-250
Ahmad, Kamarudin. 2004. “Dasar-dasar Manajemen Investasi dan Portofolioâ€. Rineka Cipta Jakarta
Algifari. 2000. “Analisis Regresiâ€. Edisi 2. BPFE. Yogyakarta
Almilia, Luciana. S. 2007. “Pengujian Size Hypothesis dan Debt/Equity Hypothesis yang Mempengaruhi Tingkat Konservatisma Laporan Keuangan Perusahaan Dengan Teknik
Analisis Multinomial Logit.†Jurnal Bisnis dan Akuntansi.
Basu, Sudipta, 1997. “The Conservatism Principle and The Asymetric Timeliness of Earnings.†Journal of Accounting and Economics, 24: 3-37.
Fala, Dwiyana, A.S. 2007. “Pengaruh Konservatisma Akuntansi Terhadap Penilaian Ekuitas Perusahaan Dimoderasi oleh Good Corporate Governnance.†Simposium Nasional Akuntansi X. Unhas Makassar.
FCGI. 2001. “Peranan Dewan Komisaris dan Komite Audit dalam Pelaksanaan Corporate Governance (Tata Kelola Perusahaan).†Jilid II. FCGI. Edisi 2.
Feltham, J. Dan J. Ohlson. 1995. “Valuation and Clean Surplus Accounting for Operating and Financial Analysis.†Contemporary Accounting Research 11. pp.687-731.
Ghozali, Imam. (2005), “Analisis Multivariate dengan SPSSâ€. Edisi 4. Badan Penerbit Universitas Diponegoro.
Gujarati, D. N. (2003). “Basic Econometricsâ€. 4th edition. McGraw-Hill, Singapore.
Hapsoro, Doddy. 2006. “Mekanisme Corporate Governance, Transparansi dan Konsekuensi Ekonomik: Studi Empiris di Pasar Modal Indonesia.†Disertasi S3 Program Doktor UGM. Yogyakarta.
Handi, Ana. 2008. “Pengaruh Kinerja Keuangan Terhadap Return Saham pada Perusahaan Manufaktur di Bursa Efek Jakartaâ€. Jurnal Penelitian dan Pengembangan Akuntansi. Vo 2 No 2 Juli 2008
Hartono, Jogiyanto. 2004. “Metodologi Penelitian Bisnis: Salah Kaprah dan Pengalaman-pengalaman. BPFE. Fakultas Ekonomi UGM. Yogyakarta.
Jogiyanto. 1998. “Teori Portofolio dan Analisis Investasiâ€. BPFE. Yogyakarta.
______ . 2003. “Teori Portofolio dan Analisis Investasiâ€. BPFE. Yogyakarta.
Juanda, Ahmad. 2007. “Pengaruh Risiko Litigasi dan Tipe Strategi Terhadap
Komite Nasional Kebijakan Governance, 2006. tentang Pedoman Umum Good Corporate Governance Indonesia. www.google.com.
Lo, Eko. W. 2005. “Pengaruh Kondisi Keuangan Perusahaan Terhadap Konservatisma Akuntansi dan Manajemen Laba.†Disertasi S3 Program Doktor UGM. Yogyakarta.
. 2006. “Pengaruh Tingkat Kesulitan Keuangan Perusahaan Terhadap Konservatisma Akuntansi.†Jurnal Riset Akuntansi Indonesia, Januari 2006, Vol.9: 87-114.
Mayangsari, S. dan Wilopo. 2002. “Konservatisma Akuntansi, Value Relevance dan Discretionary Accruals: Implikasi Model Feltham-Ohlson (1996).†Jurnal Riset Akuntansi Indonesia, September 2002, 291-310.
Mayangsari, S. 2003. “Analisis Pengaruh Independensi, Kualitas Audit, Serta Mekanisme Corporate Governance Terhadap Integritas Laporan Keuangan.†Simposium Nasional Akuntansi VI. Surabaya.
OECD. 1999. OECD Principles of Corporate Governance. http:/www.oecd.org/daf/governance/ principles.htm
Penman, S.H, dan Zhang, X.J. 2002. “Accounting Conservatism, the Quality of Earnings, and Stock Returns.†The Accounting Review, 77: 237-264.
Putri, Hepi. A.W. 2007. “Kebijakan Utang Sebagai Mekanisme Eksternal Corporate Governance, Nilai Perusahaan, dan Kinerja Perusahaan Pada Sektor Perbankan yang Terdaftar di BEJ.†Tesis S2 Program Magister Akuntansi STIE YKPN. Yogyakarta.
Susanti, Serli. I.A. 2008. “Pengauh Kualitas Corporate Governance, Kualitas Audit, dan Earnings Management Terhadap Kinerja Perusahaan.†Tesis S2 Program Magister Akuntansi STIE YKPN. Yogyakarta.
Watts, R.L. 1993. “A Proposal for Research on Conservatism.†Working Paper. University of Rochester.
___________, 2003a. “Conservatism in Accounting Part I: Explanations and Implications.†Workin Paper. University of Rochester.
___________, 2003b. “Conservatism in Accounting Part II: Evidance and Research Opportunities.†Workin Paper. University of Rochester.
