Pengaruh efektivitas dewan komisaris, komite audit dan kepemilikan institusional terhadap efisiensi investasi
This study aims to determine the effect of the effectiveness of the board of commissioners, audit committee, and institutional ownership on the efficiency of corporate investment. In addition to that, it aims to determine the moderation effect of institutional ownership toward the relationship betw...
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia
2018-02-01
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| Series: | Jurnal Akuntansi dan Auditing Indonesia |
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| Online Access: | https://journal.uii.ac.id/JAAI/article/view/7484 |
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| _version_ | 1850190475972050944 |
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| author | Alpha Alan Darma Saputra Ratna Wardhani |
| author_facet | Alpha Alan Darma Saputra Ratna Wardhani |
| author_sort | Alpha Alan Darma Saputra |
| collection | DOAJ |
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This study aims to determine the effect of the effectiveness of the board of commissioners, audit committee, and institutional ownership on the efficiency of corporate investment. In addition to that, it aims to determine the moderation effect of institutional ownership toward the relationship between the effectiveness of the board of commissioners and audit committee with the efficiency of the company's investment. The effectiveness of the board of commissioners and audit committee is measured based on the independency, activity, size, and competence. By using logistic regression with 282 samples from Indonesia Stock Exchange in 2014, the results of this study provide empirical evidence that the effectiveness of the board of commissioners and institutional ownership has no effect on the efficiency of corporate investment, while the effectiveness of audit committees has a positive influence in the efficiency of corporate investment. Furthermore, institutional ownership can not strengthen the relationship between the effectiveness of the board's effectiveness and the effectiveness of the audit committee with the efficiency of the corporate investment. This study contributes to the literature, in which the previous literature has not linked investment efficiency with specific governance mechanisms that relats to effectiveness of the board of commissioners and audit committees. Furthermore, this study contributes to the examination of moderating role of institutional ownership. This study implies that with regard to investment decisions, the audit committee has a significant role in assisting the board of commissioners in carrying out its monitoring functions.
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| format | Article |
| id | doaj-art-4fcb3ade207647be810ca71d8385ca4e |
| institution | OA Journals |
| issn | 1410-2420 2528-6528 |
| language | English |
| publishDate | 2018-02-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Jurnal Akuntansi dan Auditing Indonesia |
| spelling | doaj-art-4fcb3ade207647be810ca71d8385ca4e2025-08-20T02:15:16ZengUniversitas Islam IndonesiaJurnal Akuntansi dan Auditing Indonesia1410-24202528-65282018-02-0121110.20885/jaai.vol21.iss1.art37655Pengaruh efektivitas dewan komisaris, komite audit dan kepemilikan institusional terhadap efisiensi investasiAlpha Alan Darma Saputra0Ratna Wardhani1Departemen Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Indonesia, Jakarta, IndonesiaDepartemen Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Indonesia, Jakarta, Indonesia This study aims to determine the effect of the effectiveness of the board of commissioners, audit committee, and institutional ownership on the efficiency of corporate investment. In addition to that, it aims to determine the moderation effect of institutional ownership toward the relationship between the effectiveness of the board of commissioners and audit committee with the efficiency of the company's investment. The effectiveness of the board of commissioners and audit committee is measured based on the independency, activity, size, and competence. By using logistic regression with 282 samples from Indonesia Stock Exchange in 2014, the results of this study provide empirical evidence that the effectiveness of the board of commissioners and institutional ownership has no effect on the efficiency of corporate investment, while the effectiveness of audit committees has a positive influence in the efficiency of corporate investment. Furthermore, institutional ownership can not strengthen the relationship between the effectiveness of the board's effectiveness and the effectiveness of the audit committee with the efficiency of the corporate investment. This study contributes to the literature, in which the previous literature has not linked investment efficiency with specific governance mechanisms that relats to effectiveness of the board of commissioners and audit committees. Furthermore, this study contributes to the examination of moderating role of institutional ownership. This study implies that with regard to investment decisions, the audit committee has a significant role in assisting the board of commissioners in carrying out its monitoring functions. https://journal.uii.ac.id/JAAI/article/view/7484Efisiensi InvestasiDewan KomisarisKomite AuditKepemilikan Institusional |
| spellingShingle | Alpha Alan Darma Saputra Ratna Wardhani Pengaruh efektivitas dewan komisaris, komite audit dan kepemilikan institusional terhadap efisiensi investasi Jurnal Akuntansi dan Auditing Indonesia Efisiensi Investasi Dewan Komisaris Komite Audit Kepemilikan Institusional |
| title | Pengaruh efektivitas dewan komisaris, komite audit dan kepemilikan institusional terhadap efisiensi investasi |
| title_full | Pengaruh efektivitas dewan komisaris, komite audit dan kepemilikan institusional terhadap efisiensi investasi |
| title_fullStr | Pengaruh efektivitas dewan komisaris, komite audit dan kepemilikan institusional terhadap efisiensi investasi |
| title_full_unstemmed | Pengaruh efektivitas dewan komisaris, komite audit dan kepemilikan institusional terhadap efisiensi investasi |
| title_short | Pengaruh efektivitas dewan komisaris, komite audit dan kepemilikan institusional terhadap efisiensi investasi |
| title_sort | pengaruh efektivitas dewan komisaris komite audit dan kepemilikan institusional terhadap efisiensi investasi |
| topic | Efisiensi Investasi Dewan Komisaris Komite Audit Kepemilikan Institusional |
| url | https://journal.uii.ac.id/JAAI/article/view/7484 |
| work_keys_str_mv | AT alphaalandarmasaputra pengaruhefektivitasdewankomisariskomiteauditdankepemilikaninstitusionalterhadapefisiensiinvestasi AT ratnawardhani pengaruhefektivitasdewankomisariskomiteauditdankepemilikaninstitusionalterhadapefisiensiinvestasi |