PENGARUH CORPORATE GOVERNANCE TERHADAP TRANSPARANSI PADA PERUSAHAAN NON- KEUANGAN DI BEI PERIODE 2012-2016
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Keywords:
transparency, corporate governance, stock return synchronicity
Abstract
This research aim to analyze affect corporate governance which transparency in measured stock return synchronicity.Research finding indicates that board size (komisaris), institutional ownership andleverage give positiveeffect to transparancy and volatility of firm fundamental give negative effect to transparancy . The another variabels like big4 audit, market to book ratio, and firm size give not effect to transparancy.
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References
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Berenson, M. L., et al., 2012, Basic Business Statistics Concept and Aplication 12th Edition, Prentice Hall.
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Indriani, Erna Wati, 2013, Faktor-Faktor yang Mempengaruhi Luas Pengungkapan Sukarela dan Implikasinya terhadap Asimetri Informasi, Skripsi, Fakultas Ekonomi, Universitas Negeri Semarang: Semarang.
Jensen, M.C., 1993, The modern industrial revolution, exit, and the failure of internal control systems, Journal of Finance, Vol.48:831-880.
Lipton, Martin dan Jay W. Lorsch, 1992, A Modest Proposal for Improved Corporate Governance, The Business Lawyer, Vol.48:59-77.
Nindita,Chairunissa dan Sylvia Veronica Siregar, 2012, Analisis Pengaruh Ukuran Kantor Akuntan Publik terhadap Kualitas Audit di Indonesia, Jurnal Akuntansi dan keuangan, Vol.14:91-104.
Ntow-Gyamfi, Matthew, G.A.Bokpin, dan A.Gamegah, 2015, Corporate Governance and Transparancy: Evidence from Return Synchronicity, Journal Of Financial Economic Policy, Vol.7: 157-179.
Piotroski, Joseph D. dan Barren T. Roulstone, 2004, The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices, The Accounting Review, Vol.79: 1119-1151.
Sebayang, Esynasali Violetta, 2014, Analisis Faktor yang Mempengaruhi Audit Delay, Skripsi, Fakultas Ekonomika dan Bisnis Universitas Diponegoro: Semarang.
Tas, Oktay dan Selin Duz Tan, 2016, Corporate Governance, Foreign Ownership, dan Stock Price Synchronicity: Evidence from Borsa Istanbul, Journal of Economic, Finance and Accounting, Vol 3:156-165.
Torchia, Mariateresa dan Andrea Calabro, 2016, Board of directors and financial transparency and disclosure:Evidence from Italy, Corporate Governance, Vol.16: 593-608.
Yermack, David, 1996, Higher Market Valuation of Companies with a Small Board of Directors, Journal of Financial Economics, Vol.40:185-211.
Zou,Lipping, William Wilson, dan Shijie Jia, 2017, Do Qualified Foreign Institutional Investor Improve Information Efficiency: A Test Of Stock Price Synchronicity in China?, Asian Economic and Financial Review, Vol.7:456- 469.
http://digilib.ubaya.ac.id/index.php?page=list_jurnal diunduh pada tanggal 8 Maret 2017
http://idx.co.id diunduh pada tanggal 13 Oktober 2017
https://ticmi.co.id diunduh pada tanggal 13 Oktober 2017
https://finance.google.com diunduh pada tanggal 15 November 2017
Berenson, M. L., et al., 2012, Basic Business Statistics Concept and Aplication 12th Edition, Prentice Hall.
Dharmastuti,Christiana Fara, 2003, Analisis Pengaruh Mekanisme Internal dan External Corporate governance terhadap Profitabilitas dan Kebijakan Dividen, Jurnal Organisasi dan Manajemen, Vol.9:21-30.
Gujarati, D. N., 2012, Dasar-dasar Ekonometrika, Salemba Empat.
Gul, F.A, Jeong-Bon Kim, dan Annie A.Qiu, 2010, Ownership Concentration, Foreign Shareholder, Audit Quality, dan Stock Price Synchronicity: Evidence from China, Journal of Financial Economics, Vol.95:425-442.
Heng An dan Ting Zhang, 2013, Stock Price Synchronicity, Crash Risk, dan Institutional Investor, Journal of Corporate Finance, Vol.21:1-15.
Huafang, Xiao dan Yuan Jianguo, 2007, Ownership structure, board composition and corporate voluntary disclosure: Evidence from listed companies in China, Managerial Auditing Journal, Vol.22: 604-619.
Indriani, Erna Wati, 2013, Faktor-Faktor yang Mempengaruhi Luas Pengungkapan Sukarela dan Implikasinya terhadap Asimetri Informasi, Skripsi, Fakultas Ekonomi, Universitas Negeri Semarang: Semarang.
Jensen, M.C., 1993, The modern industrial revolution, exit, and the failure of internal control systems, Journal of Finance, Vol.48:831-880.
Lipton, Martin dan Jay W. Lorsch, 1992, A Modest Proposal for Improved Corporate Governance, The Business Lawyer, Vol.48:59-77.
Nindita,Chairunissa dan Sylvia Veronica Siregar, 2012, Analisis Pengaruh Ukuran Kantor Akuntan Publik terhadap Kualitas Audit di Indonesia, Jurnal Akuntansi dan keuangan, Vol.14:91-104.
Ntow-Gyamfi, Matthew, G.A.Bokpin, dan A.Gamegah, 2015, Corporate Governance and Transparancy: Evidence from Return Synchronicity, Journal Of Financial Economic Policy, Vol.7: 157-179.
Piotroski, Joseph D. dan Barren T. Roulstone, 2004, The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices, The Accounting Review, Vol.79: 1119-1151.
Sebayang, Esynasali Violetta, 2014, Analisis Faktor yang Mempengaruhi Audit Delay, Skripsi, Fakultas Ekonomika dan Bisnis Universitas Diponegoro: Semarang.
Tas, Oktay dan Selin Duz Tan, 2016, Corporate Governance, Foreign Ownership, dan Stock Price Synchronicity: Evidence from Borsa Istanbul, Journal of Economic, Finance and Accounting, Vol 3:156-165.
Torchia, Mariateresa dan Andrea Calabro, 2016, Board of directors and financial transparency and disclosure:Evidence from Italy, Corporate Governance, Vol.16: 593-608.
Yermack, David, 1996, Higher Market Valuation of Companies with a Small Board of Directors, Journal of Financial Economics, Vol.40:185-211.
Zou,Lipping, William Wilson, dan Shijie Jia, 2017, Do Qualified Foreign Institutional Investor Improve Information Efficiency: A Test Of Stock Price Synchronicity in China?, Asian Economic and Financial Review, Vol.7:456- 469.
http://digilib.ubaya.ac.id/index.php?page=list_jurnal diunduh pada tanggal 8 Maret 2017
http://idx.co.id diunduh pada tanggal 13 Oktober 2017
https://ticmi.co.id diunduh pada tanggal 13 Oktober 2017
https://finance.google.com diunduh pada tanggal 15 November 2017
Published
2018-03-01
Section
Bidang Ilmu Ekonomi (SP)
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