Abstract
This study examines the effect of audit committee characteristics and independence board of the commissioner on financial distress on companies listed in IDX30. With purposive sampling, there are 70 firm-year observations included as the sample in this study. Then we use logistic regression to run the data. The result of this study shows that audit committee characteristics which measured by the total number of the audit committees, meeting frequency of the audit committee and the accounting background of the audit committee, only the total number of audit committees affect financial distress on companies listed in IDX30, while the other characteristics don't affect financial distress. Empirically, this result shows that the higher the number of audit committees, the more likely the company could avoid financial distress.
Highlights
Keahlian Akuntansi Background keahlian dari anggota komite audit (BKA) di bidang keuangan diukur berdasarkan pedoman Forum for Corporate Governance in Indonesia (2002) yang menyatakan paling sedikit salah satu anggota Komite Audit merupakan seorang yang berprofesi dibidang keuangan dan memahami resiko dan kontrol yang baik, serta memiliki pengertian yang baik akan laporan keuangan
This study examines the effect of audit committee characteristics and independence board of the commissioner on financial distress on companies listed in IDX30
The result of this study shows that audit committee characteristics which measured by the total number of the audit committees, meeting frequency of the audit committee and the accounting background of the audit committee, only the total number of audit committees affect financial distress on companies listed in IDX30, while the other characteristics dont affect financial distress
Summary
Keahlian Akuntansi dan Financial Distress Hasil uji hipotesis menunjukkan bahwa semakin banyak anggota komite audit yang memiliki latar belakang pengetahuan akan keuangan, tidak mempengaruhi secara signifikan kemungkinan perusahaan terhindar dari financial distress pada perusahaan dalam indeks IDX30 yang mengartikan bahwa H3 ditolak. Hasil penelitian ini kembali berbeda dengan penelitian Masak dan Noviyanti (2019) yang menyatakan bahwa keahlian keuangan komite audit dapat mempengaruhi financial distress pada perusahaan sub sektor property dan real estate. Hasil penelitian ini secara empiris menunjukkan bahwa semakin banyak jumlah komite audit suatu perusahaan dapat mempengaruhi semakin besar kemungkinan perusahaan dapat terhindar dari financial distress pada perusahaan di indeks IDX30, namun semakin sering frekuensi rapat komite audit, semakin banyak anggota komite audit yang memiliki background keuangan dan juga semakin banyak persentase dewan komisaris yang independen tidak mempengaruhi kemungkinan perusahaan terhindar dari financial distress pada perusahaan di indeks IDX30 di tahun 2017‐2019.
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