Latar belakang keahlian keuangan direktur utama, struktur kepemilikan yang terkonsentrasi, dan kualitas laporan keuangan pada perusahaan Indonesia
Article Sidebar
Main Article Content
Abstract
One of the characteristics of the president director who plays an important role in determining the quality of financial reports is the background of the chief director's financial expertise. The main director with a financial background has a deep understanding of accounting and financial issues, better understands the risks of manipulated financial statements, gives more attention and supervision to accounting records and internal audits, and better understands the type of information investors want. The purpose of the study was to examine the effect of CEO financial expertise on financial reporting quality and the moderating effect of concentrated ownership structure on the relationship between the two variables. The population in this study were companies listed on the IDX in 2013-2018. The sample selection used random sampling with the final sample size was 92 companies and the total observations were 552 observations. The results of this study indicated that CEO financial expertise had a positive effect on financial reporting quality. Furthermore, the results of this study also showed that concentrated ownership structure weakened the positive influence of CEO financial expertise on financial reporting quality.
Article Details
References
Altarawneh, M., Shafie, R., & Ishak, R. (2020). CEO characteristics: A literature review and future directions. Academy of Strategic Management Journal, 19(1), 1–10.
Azwari, P. C. (2016). Masalah keagenan pada struktur kepemilikan perusahaan keluarga di Indonesia. Akuntabilitas, 9(2), 173–184.
Baatwah, S. R., Salleh, Z., & Ahmad, N. (2015). CEO characteristics and audit report timeliness: Do CEO tenure and financial expertise matter? Managerial Auditing Journal, 30(8/9), 998–1022.
Bamber, L. S., Jiang, J., & Wang, I. Y. (2010). What’s my style? The influence of top managers on voluntary corporate financial disclosure. Accounting Review, 85(4), 1131–1162. https://doi.org/10.2308/accr.2010.85.4.1131
Bao, S. R., & Lewellyn, K. B. (2017). Ownership structure and earnings management in emerging markets—An institutionalized agency perspective. International Business Review, 26(5), 828–838. https://doi.org/10.1016/j.ibusrev.2017.02.002
Budiman, J., & Helena, H. (2017). Analisis pengaruh tata kelola perusahaan terhadap struktur modal dengan kualitas laporan keuangan sebagai mediator pada perusahaan yang terdaftar di Bursa Efek Indonesia. Jurnal Manajemen Maranatha, 16(2), 187–202.
Carney, R. W., & Hamilton-Hart, N. (2015). What do changes in corporate ownership in indonesia tell us? Bulletin of Indonesian Economic Studies, 51(1), 123–145. https://doi.org/10.1080/00074918.2015.1016570
Claessens, S., Djankov, S., & Lang, L. H. . (2000). The separation of ownership and control in East Asian Corporations. In Journal of Financial Economics (Vol. 58, pp. 81–112).
Dam, L., & Scholtens, B. (2013). Ownership concentration and CSR policy of european multinational enterprises. Journal of Business Ethics, 118, 117–126.
Dechow, P. M., & Dichev, I. D. (2002). The quality of accruals and earnings : The role of accrual estimation errors. The Accounting Review, 77, 35–39. https://doi.org/10.2139/ssrn.277231/Accessed: 07-07-2017 07:13 UTC
Gounopoulos, D., & Pham, H. (2018). Financial expert CEOs and earnings management around initial public offerings. International Journal of Accounting, 53(2), 102–117. https://doi.org/10.1016/j.intacc.2018.04.002
Hambrick, D. C., & Mason, P. a. (1984). Upper Echelons : The organization as a reflection of its top managers. Management, 9(2), 193–206.
Jiang, F., Zhu, B., & Huang, J. (2013). CEO’s financial experience and earnings management. Journal of Multinational Financial Management, 23(3), 134–145. https://doi.org/10.1016/j.mulfin.2013.03.005
Kristiawan, N. B. (2020). Tanggung jawab sosial perusahaan, struktur kepemilikan terkonsentrasi, dan kualitas laba di Perusahaan Indonesia. Bilancia, Jurnal Ilmiah Akuntansi, 4(3), 310–321.
Supriyono, R. A. (2018). Akuntansi keperilakuan. UGM PRESS.