Abstract
This research aims to understand and analyzes the effect of debt covenant, bonus plan, and political cost against company’s accounting conservatism. Independent variable for which used in this research was debt covenant measured by the ratio of leverage, bonus plan measured by company share ownership by managers, and political cost measured by the size of the company.While the dependent variable measured by accounting conservatism. The sample selection is using purposive sampling method, in order to obtain 36 observations of manufacturing company which narrowed to subsector industrial consumer goods and consistently listed at Indonesia Stock Exchange during the period 2012-2015. This research uses secondary data from company financial statements obtained from the Indonesia Stock Exchange. Multiple linear regression technique is used in this research to achieve analytical results. The result showed that debt covenant have negative insignificant effects to accounting conservatism, bonus plan have negative and significant effects to accounting conservatism, and political cost it has positive effects and significantl to accounting conservatism.
Highlights
Sudah menjadi kewajiban bagi setiap perusahaan untuk menerbitkan laporan keuangan
Independent variable for which used in this research was debt covenant measured by the ratio
bonus plan measured by company share ownership by managers
Summary
Penelitian ini menggunakan sampel perusahaan manufaktur sub sektor barang konsumsi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2012-2015 yang dipilih dengan metode purposive sampling. Berdasarkan kriteria yang telah ditetapkan pada bab III, diperoleh jumlah sampel sebanyak 9 perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2012-2015 dengan data observasi sebanyak 36. Variabel dependen yang digunakan dalam penelitian ini adalah Konservatisme Akuntansi. Seperti penelitian Givoly dan Hayn (2002) konservatisme diukur dengan model yang dikembangkan menggunakan conditional conservatism, persamaannya adalah sebagai berikut : C_CONit = TOT_ACCit − OP_ACCit TOTACCit = NIit + Depreit − CFOit. Variabel independen yang digunakan dalam penelitian ini terbagi menjadi tiga, yaitu debt covenant, bonus plan, dan political cost. Debt To Total Asset (LEVit) ∶ Total Assets Bonus plan yang dihitung dengan jumlah kepemilikan saham oleh manager, dengan rumus : Jumlah Saham Milik Manajer Saham Kepemilikan Manajerial (COMPit) ∶ Jumlah Saham Beredar.
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