Article Sidebar

Submitted
March 26, 2021
Accepted
March 26, 2021
Published
March 26, 2021
Download
PDF
Statistic
Read Counter : 127 Download : 178

Main Article Content

Abstract

This study aims to determine the effect of audit committee characteristics and ownership structure on financial distress. Audit committee characteristics used in this study is the independence of the audit committee, audit committee expertise, audit committee size and the frequency of audit committee meetings while the ownership structure used this study is institutional ownership and managerial ownership.

The population of non-financial companies listed on the Indonesia Stock Exchange in 2010-2011. Based on purposive , there are 364 samples consist of 294 financially distressed firms and 70 financially distressed firms. Criteria of financial distress in this study viewed from a negative net profit two years in a row. While non-financial criteria of distress seen positive net profit two years in a row and for more than one year of dividend payments . Data analysis using logistic regression with SPPS 16 .

The analysis showed that the expertise of the audit committee and audit committee meeting frequency is significantly negative effect on financial distress.

 

Keywords

Financial distress the audit committee the ownership structure

Article Details

How to Cite
Sari, M., & Husaini, H. (2021). KARAKTERISTIK KOMITE AUDIT, STRUKTUR KEPEMILIKAN DAN FINANCIAL DISTRESS. JURNAL FAIRNESS, 6(1), 59–70. https://doi.org/10.33369/fairness.v6i1.15119
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX

References

  1. Aldamen H., Keith Duncan, Simone Kelly, Ray McNamara, and Stephan Nagel. (2012) "Audit committee characteristics and firm performance during the global financial crisis" Accounting & Finance, 52, 971-1000: ISSN 1467-629X. (www.google.co.id, tanggal 27/11/2013, pukul 14.29)
  2. Alijoyo, Antonius.,Subarto Zaini.,2004. “ KomisarisIndependen: Penggerak Praktik GCG di perusahaan”,Jakarta: IndeksKelompokGramedia
  3. Anggraini, TifaniVota., 2010, “Pengaruh Karakteristik Komite Audit Terhadap Financial Distress (Studi Empiris Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia). Skripsi.Semarang : Program Sarjana, Universitas Diponegoro. (www.google.co.id , tanggal 13/09/2013, pukul 20.36)
  4. Arens, Alvin A. Randal J.Elder, Mark S.Beasley,2008. “Auditing and Assurance Service An Integrated Approach. Pearson International Edition”. New Jersey : Prentice Hall International. Hal: 86
  5. Ariesta, Dwiki Ryno,.2013.”Analisis Pengaruh Struktur Dewan Komisaris, Struktur Kepemilikan Saham dan Komite Audit Terhadap Financial Distress”. Journal Of Accounting. Volume 1, Nomor 1, Tahun 2013, Halaman 1-9.
  6. Arifin, Zaenal.,2007., “ Teori keuangan dan Pasar Modal”.Yogyakarta: Ekonisia. Hal: 21 dan 25
  7. Arikunto, Suharsimi., 2006. “Prosedur penelitan :Suatu Pendekatan Praktik”.Jakarta: Asdi Mahasatya. Hal: 8-9
  8. Ayuningtias. 2013. “ Analisis Pengaruh struktur kepemilikan, Board composition dan Agency cost terhadap financial distress”. Jurnal Ilmu Manajemen, Vol.1, No. 1, pp 160-171
  9. Bapepam, 2000, Pembentukan Komite Audit, Surat Edaran Bapepam No. SE.03/PM/2000.
  10. Cheng San, A.Ng.,M.K. Moorthy, ChoeK.Lung,. 2012. “Perceived Social Power and Audit Committee Effectivitness in Malaysia : The Conceptual Model”. International Journal of Academic Research in Accounting, Finance and Management Science.Vol. 2, Issue 1 (2012). pp 162-175 (www.google.co.id, tanggal 12/9/2013, pukul 12.32)
  11. Collier, Paul dan Gregory, Alan, 1999.” Audit committee activity and agency costs ” .Journal of Accounting and Public Policy 18(1999) 311- 332
  12. Elloumi, FathidanGueyie, Jean-Pierre, 2001.”Financial Distress and Corporate Governance Governance an Analysis of Board of Director Composition and Structure.Corporate Governance 1, pp. 15 – 23 (www.google.co.id , tanggal 14/9/2013, pukul 10.52)
  13. Fadhilah, FauziahNurul. 2013. “ANALISIS PENGARUH KARAKTERISTIK CORPORATE GOVERNANCE TERHADAP KEMUNGKINAN FINANCIAL DISTRESS” Skripsi. Semarang : Program Sarjana, Universitas Diponegoro.
  14. Galuh, Pembayun Agatha.,2012. “Pengaruh Karakteristik Komite Audit Terhadap Financial Distress”.Journal of accounting, Volume 1, Nomor 1, Tahun 2012, Hal- 2.
  15. Ghozali, Imam. 2005. Aplikasi Analisis Multivariate dengan program SPSS, Semarang: Badan Penerbit UNDIP
  16. Hanifah, Oktita Earning.,2013.”Pengaruh Struktur Corporate Governance Dan Financial Indicators Terhadap Kondisi Financial Distress (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2009-2011). Journal of accounting.,Volume 2,Nomor 2, Tahun 2013, Halaman 1. (www.google.co.id , tanggal 17/09/2013 ,pukul 11.18)
  17. Husaini (2012).Audit Committee Characteristics and Enterprise Risk Management of Indonesia Public Listed Bank. Proceedings The 12th Malaysia Indonesia International Conference on Economics, Management, and Accounting 2012.Unsri Palembang
  18. Husaini,. 2009. ”Komite audit & Audit Internal: Integritas Pengawasan Korporasi”. Bandung: UNPAD Press. Hal: 40-41
  19. Jensen, M dan W. Meckling. 1976. Theory of the Firm; Managerial Behaviour, Agency Cost, and Ownership Structure, Jurnal of Financial Economics, p 305-360. (www.google.co.id , tanggal 12/9/2013, pukul 19.14)
  20. Keputusan Direksi PT Bursa Efek Jakarta Nomor : Kep-305/BEJ/07-2004 tentang Peraturan Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Ekuitas Selain saham yang Diterbitkan Oleh Perusahaan Tercatat
  21. Keputusan Ketua BAPEPAM danNomor : Kep-41/PM/2003 tanggal 22 Desember 2003 mengenai Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit
  22. Keputusan Ketua Bapepam No.Kep- 29/PM/2004 tentang Persyaratan Keanggotaan Komite Audit
  23. Li, Hong-xia, Zong-Jun. Wang dan X. Deng. 2008. Ownership, Independent Directors, Agency Cost, and Financial Distress : Evidence from Chinense Listed Companies. Emerald Group Publishing Limited, Vol. 8, No. 5, h. 622-636
  24. Nuresa, Ardina.,2012. “Pengaruh Efektivitas Komite Audit Terhadap Financial Distress (studi empiris perusahaan manufaktur yang terdaftar di bursa efek Indonesia tahun 2008-2011)”. Skripsi.Semarang : Program Sarjana, Universitas Diponegoro. (www.google.co.id, tanggal 29/06/2013, pukul 18.46)
  25. Pearce dan Robinson. 2008. Manajemen Strategis – Formulasi, Implementasi, danPengendalian Edisi 10 buku 1.Jakarta: Salemba Empat. Hal:48
  26. Platt, H.D. and Platt, M.B. (2002), ‘‘Predicting corporate financial distress: reflections on choice based sample bias’’, Journal of Economics and Finance, Vol. 26 No. 2, pp. 184-99.
  27. Qomarudin, Ikhwan,. 2008. “Rasio Keuangan sebagai Prediksi Financial Distress Pada Perusahaan Manufaktur di Bursa Efek Jakarta”.Skripsi. Surabaya. Program Sarjana : STIE PERBANAS.
  28. Samsul, Muhammad,.2006. Pasar Modal danManajemenPortofolio. Yogyakarta: Erlangga. Hal:72-73
  29. Sawir, Agnes,.2004. Kebijakan Pendanaan dan Restrukturisasi Perusahaan. Jakarta: Gramedia PustakaUtama. Hal: 235-236
  30. Setiawan, Santy. 2006. “Opini Going Concern dan Prediksi Kebangkrutan Perusahaan”. Jurnal Ilmiah Akuntansi ,Vol V No 1. Mei. Hal 59-67.
  31. Sulistyaningsih, P.E., Indarto. 2007. “ AnalisisPengaruh Corporate Governance terhadap terjadinya kondisi Financial Distress pada Perusahaan Manufaktur yang Listed di BEI Periode 2008-2010 (Studi Kasus pada Perusahaan Manufaktur)”. Q-MAN,Vol.2, No.3, pp 65-80
  32. Sulistyanto, Sri. 2008, “Manajemen laba (teoridan modal empiris)”. Jakarta: Grasindo. Hal:141-142
  33. Tarjo. 2008., “ Pengaruh Konsentrasi Kepemilikan Institusional dan Laverage terhadap Manajemen Laba, Nilai Pemegang Saham serta Cost of Equity Capital”. Journal Simposium Nasional Akuntansi XI Pontianak, 23-24 Juli.
  34. Triwahyuningtias, M. 2012. “ Analisis Pengaruh Struktur Kepemilikan, Ukuran Dewan, Komisaris Independen, Likuiditas dan Laverage Terhadap Terjadinya Kondisi Financial Distress (Studi pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2008 – 2010)”. Skripsi. Semarang : Program Sarjana, Universitas Diponegoro.
  35. Wardhani, Ratna.,2007.”Mekanisme Corporate Governance dalam Perusahaan yang mengalami Permasalahan Keuangan”.Jurnal Akumtamsi dan Keuangan Indonesia., Vol. 4, No. 1, Hal. 95-114
  36. Widyasaputri,E,.2012.”Analisis Mekanisme Corporate Governance pada Perusahaan yang mengalamikondisiFinancial distress”. Accounting Analysis Journal.Vol.I, No.2
  37. Whitaker, Richard B, 1999. Early Stage of Financial Distress.Journal of Economics and Finance.23(2): 122-133