Latar belakang keahlian keuangan direktur utama, struktur kepemilikan yang terkonsentrasi, dan kualitas laporan keuangan pada perusahaan Indonesia

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.

Relationship Between Ownership Concentration, Firm Size, and Earnings Quality in Indonesian Companies

“…Since there are two competing hypotheses about the relationship between ownership concentration and earnings quality, this study must choose one of the hypotheses. The alignment effect hypothesis was chosen as a basis of hypothesis development since a company's reputation became an important thing in Indonesian companies that had to be maintained by majority shareholders (Kristiawan, 2020b). The alignment effect hypothesis explained that majority shareholders were not likely to expropriate the interest of minority shareholders in order to maintain a long-term reputation, increase firm value, and impose contractual constraints (Jensen & Meckling, 1976).…”

“…Indonesia was considered a country in which the majority of its companies had a concentrated ownership structure (Carney & Hamilton-Hart, 2015;Claessens et al, 2002;Kristiawan, 2020a). The alignment effect hypothesis is used as a basis of hypothesis development since reputation became an important thing in Indonesian companies that had to be maintained by majority shareholders (Kristiawan, 2020b). Therefore, it is argued that firm size is expected to have a positive influence on earnings quality.…”

Pengaruh Komite Audit, Direktur dan Auditor Eksternal Terhadap Kualitas Pelaporan Keuangan pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

“…Mereka memperhatikan bahwa manajer keuangan senior dengan pengalaman akuntansi atau keuangan telah mengikuti gaya pengungkapan konservatif. Seorang direktur yang memiliki latar belakang akuntansi keuangan mempunyai wawasan yang luas dan sangat memahami mengenai permasalahan akuntansi dan juga keuangan beserta risiko kecurangan laporan keuangan yang bisa berakibat fatal, dan juga bisa mengetahui informasi apa saja yang dibutuhkan oleh investor (Kristiawan, 2022). Maka keahlian direktur memberikan pengaruh positif terhadap kualitas pelaporan keuangan (Le et al, 2020).…”