PENGARUH KARAKTERISTIK DEWAN TERHADAP KONSERVATISMA AKUNTANSI (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2007 – 2010)

Abstract

Financial statement includes earning information that might be manipulated by management. Accounting conservatism is a principle that emphasizes prudent action in reporting earning which could prevent the opportunistic behavior. Good monitoring and controlling functions in implementing accounting conservatism could be attained by developing an effective board structure. This research aims for examining and analyzing the influence of board characteristics to accounting conservatism. Accounting conservatism is a dependent variable which measured by using two models, market-based measure (Beaver and Ryan, 2000) and accrual-based measure (Zhang, 2007). Board characteristics are independent variables which measured by three proxies, commissioner independence, board ownership, and audit committee competence. Samples used in this research are 47 firms which selected by using the purposive sampling method to manufacturers that listed in Indonesian Stock Exchange (IDX) for the period 2007 to 2010. The hypotheses examination uses multiple regressions and fulfilled the data quality tests. The results of this research show that the competence of audit committee has positive influence to accounting conservatism, either measured by using the market-based or the accrual-based measure. On the contrary, commissioner independence and board ownership have no influence to accounting conservatism which measured by both market and accrual-based measure. Those results hold after controlling the firm size and leverage. Thus, audit committee competence has a significant role of conducting the accounting conservatism as an effort to attain the corporate governance effectively.