THE EFFECT OF THE AUDIT COMMITTEE AND THE INDEPENDENT BOARD OF COMMISSIONERS ON FIRM VALUE WITH FINANCIAL PERFORMANCE AS A MODERATING VARIABLE
(Empirical Study of Primary Consumer Companies on the Indonesia Stock Exchange for the 2018-2022 Period)
##plugins.themes.EpsilonTheme.article.main##
Herti Tambunan*
Zulfa Rosharlianti
Audit committees are the vanguards of financial oversight, ensuring that financial reporting is accurate and transparent. On the other hand, independent commissioners bring a wealth of external expertise to the boardroom, providing an additional layer of checks and balances. Their independence is instrumental in countering agency problems and enhancing decision-making processes. This study aims to examine the effects of audit committees and independent commissioners on firm value with financial performance as a moderating variable. The study utilizes a quantitative approach and employs associative methods. The type of data utilized in this research is secondary data. The data analysis method employed in this research includes panel data regression and Moderated Regression Analysis, utilizing the Eviews application version 10 and Microsoft Excel. The population for this study comprises primary consumer companies listed on the Indonesia Stock Exchange for the period 2018-2022. The data collection technique employed in this study was purposive sampling, resulting in a total of 25 research samples. The findings of the study indicate that the independent audit committee and board of commissioners collectively influence firm value. Individually, the audit committee shows no significant effect on firm value, whereas the independent board of commissioners does have a significant effect on firm value. Furthermore, the financial performance is found to moderate the relationship between the audit committee and firm value, while it does not have the capacity to moderate the relationship between the independent board of commissioners and firm value.
Afridayani, A., & Mua’rif, S. (2022). Pengaruh Good Corporate Governance, Intellectual Capital, Dan Kebijakan Utang Terhadap Kinerja Keuangan. Procuratio : Jurnal Ilmiah Manajemen, 10(1), 14–24. https://doi.org/10.35145/procuratio.v10i1.1958
Agoes, S., & Ardana, C. (2014). Etika Bisnis dan Profesi Akuntansi. Revisi. Jakarta: Salemba Empat.
Astuti, D. W. (2019). Pengaruh profitabilitas, leverage dan ukuran perusahaan terhadap luas pengungkapan tanggung jawab sosial. Akuntansi Dewantara, 3(2), 179–191.
Asyik, N. F., & Thaharah, N. (2016). Pengaruh Mekanisme Corporate Governance Dan Kinerja Keuangan Terhadap Nilai Perusahaan LQ 45. Jurnal Ilmu Dan Riset Akuntansi, 5(2), 1–18.
Chrisdinawidanty, Z. N., Tugiman, H., & Muslih, M. (2016). Pengaruh Etika Auditor Dan Fee Audit Terhadap Kualitas Audit (studi Kasus Pada Kantor Akuntan Publik Di Bandung). EProceedings of Management, 3(3).
Christiani, L., & Herawaty, V. (2019). Pengaruh kepemilikan manajerial, komite audit, leverage, profitabilitas, dan ukuran perusahaan terhadap nilai perusahaan dengan manajemen laba sebagai variabel moderasi. Prosiding Seminar Nasional Cendekiawan, 2–35.
Fahmi, I. (2012). Analisis kinerja keuangan: panduan bagi akademisi, manajer, dan investor untuk menilai dan menganalisis bisnis dari aspek keuangan.
Fery, I. (2022). Impairment In Value Of Psak 7 Financial Accounting Standards, Classification Of Accounting Measurements In Hedging Companies In The Banking Sector Due To Corona Virus. Journal Of Management, Accounting, General Finance And International Economic Issues, 1(4), 219–240.
Jogiyanto, H. (2010). Teori portofolio dan analisis investasi. Edisi Ketujuh. BPFE. Yogyakarta, 579–591.
Khairani, S.-. (2019). Pengaruh Profitabilitas, Financial Distress, Dewan Komisaris Independen Dan Komite Audit Terhadap Nilai Perusahaan Dimediasi Oleh Tax Avoidance (Studi Empiris Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Periode 2. Jurnal Akuntansi, 9(1), 47–64. https://doi.org/10.33369/j.akuntansi.9.1.47-64
Mulyadi, & Sihar Tambun. (2020). Pengaruh Pengungkapan Human Resources Accounting Dan Tax Planning Terhadap Nilai Perusahaan Dengan Kualitas Audit Sebagai Variabel Moderating. Jurnal Ilmiah Akuntansi Dan Manajemen, 16(1), 57–69. https://doi.org/10.31599/jiam.v16i1.95
Oktapiani, K., & Ruhiyat, E. (2019). Kualitas Laba: Investment Opportunity Set Dan Komite Audit. Jurnal Ilmiah Akuntansi Universitas Pamulang, 7(2), 173. https://doi.org/10.32493/jiaup.v7i2.3279
Oktaviani, H. F. (2019). Analisis Pengaruh Internal Audit, Komisaris Independen Dan Struktur Kepemilikan Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Moderasi. Methosika: Jurnal Akuntansi Dan Keuangan Methodist, 2(2), 141–153.
Putri, G. M., & Fitriasari, P. (2017). Pengaruh Persistensi Laba, Good Corporate Governance dan Kualitas Audit Terhadap Kualitas Laba. Proceeding TEAM, 2(October), 394. https://doi.org/10.23887/team.vol2.2017.186
Sitorus, R. R., & Murwaningsari, E. (2019). Do Quality of Financial Reporting and Tax Incentives Effect on Corporate Investment Efficiency with Good Corporate Governance as Moderating Variables? Journal of Accounting, Business and Finance Research, 6(1), 27–35. https://doi.org/10.20448/2002.61.27.35
Valencia, K. (2019). Pengaruh Profitabilitas, Financial Distress, Dewan Komisaris Independen Dan Komite Audit Terhadap Nilai Perusahaan Dimediasi Oleh Tax Avoidance (Studi Empiris Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2017). Jurnal Akuntansi, 9(1), 47–62.
