Kepemilikan Asing Memoderasi Pengaruh Kualitas Laporan Keuangan dan Efisiensi Investasi
Abstract
Mining company is part of the industrial sector, need large capital and also work on long-term projects. Mining company need to use their capital efficiently so that company can obtain maximum income from operational activities. To realize that, mining company need to concern on factors that affect investment efficiency. The purpose of this study examines the influence of the quality of financial reporting and foreign ownership on investment efficiency. The sample was obtained by purposive sampling method from 42 mining companies listed on the Indonesia Stock Exchange (IDX) and found 45 samples of observation from 2014-2016. Based on the analysis using simple linear regression and moderate regression analysis shows that the quality of financial reporting has a positive effect on investment efficiency and foreign ownership has a role to strengthen the influence of the quality of financial reporting on investment efficiency.
Keywords: Investment Efficiency; The Quality Of Financial Reporting; Foreign Ownership.
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References
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Yukl, Gary. (2010). Kepemimpinan dalam Organisasi, Edisi Kelima. Jakarta: PT. Indeks.
Biddle, G., Hilary, G., Verdi, R.S. (2009). How Does Financial Reporting Quality Relate to Investments Efficiency? Journal of Accounting and Economics, 48, pp. 112–131.
Chen, F., Hope, O., Li, Q., Wang, X. (2011). Financial Reporting Quality and Investment Efficiency of Private Firms In Emerging Markets. The Accounting Review, 86, pp. 1255–1288.
Chen, Ruiyuan, Sadok El Ghoul, Omrane Guedhami, He Wang. (2017). Do State and Foreign Ownership Affect Investment Efficiency? Evidence from Privatizations. Journal of Corporate Finance, 42, pp. 408-421.
Dechow, P., Dichev, I., (2002). The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors.The Accounting Review, 77, pp. 35–59.
Emayanti, Ida Ayu Agung. (2016). Efisiensi Investasi Sebagai Pemoderasi Pengaruh Kualitas Laporan Keuangan pada Asimetri Informasi di Perusahaan Pertambangan. Skripsi. Universitas Udayana.
Firth, M., Lingmin Xie, Yuanyuan Zhang. (2015). How Do Analysts’ Forecast Characteristics Relate to Investment Efficiency?. Department of Finance and Insurance, Lingnan University, Hong Kong.
Gajevszky, Andra. (2015). Assessing Financial Reporting Quality: Evidence from Romania. Audit Financiar, pp. 1583-5812.
Gulamhussen, M. A., & Guerreiro, L. (2009). The Influence of Foreign Equity and Board Membership on Corporate Strategy and Internal Cost Management in Portuguese Banks. Management Accounting Research, 20(1), pp. 6-
17.
Hapsari, Angela Aprilia. (2015). Pengaruh Kualitas Laporan Keuangan, Kepemilikan Asing, Frekuensi Pertemuan Komite Audit, dan Spesialisasi Industri Auditor terhadap Efisiensi Investasi. Skripsi. Fakultas Ekonomi dan Bisnis Universitas Katolik Soegijapranata
Herath, S., Norah Albarqi. (2017). Financial Reporting Quality: A Literature Review. International Journal of Business Management and Commerce, 2(2), pp. 1-14.
Ikatan Akuntan Indonesia (IAI). (2016). Exposure Draft: Kerangka Konseptual Pelaporan Keuangan. Jakarta: Dewan Standar Akuntansi Keuangan.
Kothari, S.P., Leone, A.J., & Wasley, C.E. (2005). Performance Matched Discretionary Accrual Measures. Journal of Accounting and Economics, 39, pp. 163-117.
Li, Qingyuan dan Tielin Wang. (2010). Financial Reporting Quality and Corporate Investment Efficiency: Chinese Experience. Nankai Business Review International, 1(2), pp. 197-213.
Mith, Abhipraya. (2017). Prospek & Risiko Bisnis Tambang Batubara Indonesia dan Strategi Perusahaan Tambang & Strategi Perbankan 2017. www.linkedin.com/share.php?u=. Diunduh tanggal 3 Mei 2018.
Mohammadi, Seyed Moosa. (2014). The Relationship Between Financial Reporting Quality and Investment Efficiency in Tehran Stock Exchange. International Journal of Academic Research in Business and Social Sciences,4(6), pp. 104-113.
Nurcholisah, Kania. (2016). The Effects of Financial Reporting Quality on Information Asymmetry and Its Impacts On Investment Efficiency.International Journal of Economics, Commerce and Management United Kingdom, IV(5), pp. 838-850.
Nurwa, Risha Aristiani & Agus Purwanto. (2015). Pengaruh Kualitas Laba Akuntansi Terhadap Efisiensi Investasi Perusahaan dengan Risiko Litigasi Sebagai Variabel Moderating (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar Di BEI Tahun 2011-2012). Diponegoro Journal of Accounting, 4(3), hal.1-11.
PwC Media Centre. (2016). Tahun 2015 Sebagai Tahun Terburuk Bagi Sektor Pertambangan.https://www.pwc.com/id/en/media-centre/pwc-in-news/2016/indonesian/pwc---tahun-2015-sebagai-tahun-terburuk-bagi-sektor-pertambangan.html. Diunduh tanggal 30 Maret 2018.
Pindyck, S. R., Daniel L. Rubinfeld. (2012). Mikroekonomi Edisi Kedelapan. Jakarta: Erlangga.
Rad, Seyed Sajad Ebrahimi, Zaini Embong, Norman Mohd-Saleh, Romlah Jaffar. (2016). Financial Information Quality and Investment Efficiency: Evidence From Malaysia. Asian Academy of Management Journal of Accounting and Finance, 12(1), pp.129–151.
Rahmawati, Anisa Dwi & Puji Harto. (2014). Analisis Pengaruh Kualitas Pelaporan Keuangan dan Maturitas Utang Terhadap Efisiensi Investasi. Diponegoro Journal of Accounting, 3(3), hal.1-12
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Sansaloni Butar Butar. (2015). Dampak Kualitas Laporan Keuangan, Regulasi Pengendalian Internal dan Keterbatasan Keuangan Terhadap Inefisiensi Investasi. Jurnal Akuntansi dan Keuangan, 17(1), Mei 2015, hal. 57-70.
Sari, L. Indah Novita & I G.N.A. Suaryana. (2014). Pengaruh Kualitas Laporan Keuangan pada Efisiensi Investasi Perusahaan Pertambangan. E-Jurnal Akuntansi Universitas Udayana, 8(3), hal. 524-537.
Setyawati, Lucia Jeni. (2015). Kualitas Informasi Pelaporan Keuangan: Faktor- Faktor Penentu dan Pengaruhnya Terhadap Efisiensi Investasi. Jurnal Ekonomi dan Bisnis, XXV(2), hal. 186-196.
Sugiyono. (2016). Statistka untuk Penelitian. Bandung: Alfabeta.
Suroso, Michael Armando. (2017). Pengaruh Konservatisme dan KualitasPelaporan Keuangan Terhadap Efisiensi Investasi dengan Kepemilikan Institusional Sebagai Variabel Moderasi. Skripsi. Fakultas Bisnis Fakultas BisnisUniversitas Katolik Widya Mandala.
Syamsudin, S., Imronudin, I., Utomo, S. T., Prakoso, S. T., & Praswati, A. N. (2017). Tata Kelola Korporasi dalam Mendeteksi Kecurangan Laporan Keuangan. Jurnal Manajemen Dayasaing, 19(1), hal. 63-73.
Ulfiyati, Linda Lambey, Stanley Kho Walandouw. (2017). Analisis Perbedaan Struktur Kepemilikan Asing dan Struktur Kepemilikan Domestik Pada Perusahaan Pertambangan Di Bursa Efek Indonesia. Jurnal EMBA, 5(2), hal. 2260-2267
Verdi, R.S. (2006). Financial Reporting Quality and Investment Efficiency. Working Paper. http://ssrn.com/abstract=930922. Diunduh tanggal 30 Maret 2018.
Willan, Holman Fenwick. (2013). Global Risk and Insurance Guide 2014. London: Aspermont Media
Wiranata, Yulius Ardy & Yeterina Widi Nugrahanti. (2013). Pengaruh Struktur Kepemilikan Terhadap Profitabilitas Perusahaan Manufaktur di Indonesia. Jurnal Akuntansi dan Keuangan, 15(1), hal.15-26.
Yukl, Gary. (2010). Kepemimpinan dalam Organisasi, Edisi Kelima. Jakarta: PT. Indeks.
Published
2021-08-26
How to Cite
MEITARI, I Gusti Ayu Ary; ASTIKA, Ida Bagus Putra.
Kepemilikan Asing Memoderasi Pengaruh Kualitas Laporan Keuangan dan Efisiensi Investasi.
E-Jurnal Akuntansi, [S.l.], v. 31, n. 8, p. 1973-1986, aug. 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/42556>. Date accessed: 14 nov. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i08.p08.
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