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Pengaruh Corporate Governance Dan Konsentrasi Kepemilikan Terhadap Daya Informasi Akuntansi

Andi Wawo
Universitas Islam Negeri Alauddin Makassar


The objective of this research will test the effect of corporate governance and concentrated ownership on the informativeness of accounting. Especially, this research will test the effect of independent commissioner and audit committee as corporate governance mechanism and concentrated ownership on the informativeness of accounting. Independent directors are proportion independent director in board of director. Audit committee is presence of independent audit, while ownership data are proportion of biggest shareholder in company.

This research samples are public companies listed on the Indonesian Stock Exchange for the period in 5 years which is in period of 2003 to 2007 with exception of bank and financial institutions. Hypothesis test by method which is used by Fang and Wong (2002) with independent variable consist of independent directors, audit committee and concentrate ownership, while control variable in this research use market to book ratio, leverage, and fixed effect.

The result research can be summarized as following; First, independent commissioner has a positive effect on the informativeness of accounting but audit committee does not have effect on the informativeness of accounting. Second, concentrated ownership at immediate level has a negative effect on the informativeness of accounting at cut-off 10%, 20% and 30% but concentrated ownership does not has effect on the informativeness of accounting at level 40% and 50%. Third, the immediate of concentrated ownership at cut-off 10% as moderating variable on associated between independent commissioner and the informativeness of accounting can not support. This result supported by sensitivity test on cut-off point 20%, 30%, 40% and 50% are not effect.

Key words: Cumulative of Abnormal Return (CAR), the informativeness of accounting, independent directors, audit committee, concentrated ownership.

1. Pendahuluan

This study aims to examine the effect of corporate governance and ownership concentration on accounting information resources. In particular, this study examines the effect of the independent commissioners and audit committee as a corporate governance structure and concentration of ownership of the power of accounting information.

Previous studies indicate that concentration of ownership of corporate ownership in East Asia, including Indonesia, were found tended to be concentrated (Claessens et al., 2000 and 2002). Concentration of ownership resulted in conflicts of interest (agency problem) change from conflict management shareholders with a conflict between the majority shareholder with a minority. Controlling or majority shareholder has an incentive to do the expropriation of minority shareholders. Controlling shareholders also have the ability to influence the financial reporting process. Therefore, the majority shareholder of the company with ownership concentration may affect the quality of financial reporting.


Jurnal Simposium Nasional Akuntansi XIII (SNA 13)
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