Ownership, Intellectual Capital, Audit Quality, Debt Level and Integrity of Financial Statements
DOI:
https://doi.org/10.32832/jm-uika.v14i1.9776Keywords:
financial statement integrity, ownership, intellectual capital, audit quality, Debt.Abstract
There are many cases of financial statement manipulation in practice which result in low financial statement integrity, unreliability and can mislead users. Therefore, research on the financial statement integrity (FSI), especially in the consumer goods industry, is important to study. This research aims to provide evidence of the effect of ownership type, intellectual capital, audit quality and debt levels on the integrity of the financial statements of the consumer goods manufacturing industry in companies listed on the Indonesia Stock Exchange. Sample of this research is consumer goods manufacturing companies listed on the IDX. The six sub-sectors of the consumer goods industry are food and beverages, pharmaceuticals, cigarettes, cosmetics and household goods, household appliances and other consumer goods. The purposive sampling method was used to select the sample. The number of samples observed was 249 during 2017-2021. The analysis technique uses multiple regression tests. The results showed that domestic institutional ownership, foreign institutional ownership, government institusional ownership had a positive and significant effect on the FSI. Debt level and quality of audit proved to have a negative and significant effect on FSI. Individual ownership and intellectual capital had no effect on the FSI. This research differentiates into 4 types of ownership, namely domestic, foreign, government, and individual ownership. It is still rare to research that distinguishes the 4 types of ownership. In addition, research specifically using consumer goods industry samples is still rare, even though there are cases of low financial report integrity in this industry.
References
Aliu, M. M., Okpanachi, J., & Mohammed, N. A. (2018). Auditors independence _and audit quality : An empirical study. International Accounting and Taxation R 2(2), 15–27.
Ario, M., Guritno, Y., & Wijaya, S. Y. (2020). Pengaruh Ukuran Perusahaan, Financial -Distress dan Leverage terhadap Integritas Laporan Keuangan. Business Management, Economic, and Accounting National Seminar, 1(1), 46–59.
Arista, S., Wahyudi, T., & Yusnaini, Y. (2019). Pengaruh Struktur Corporate Governance Dan Audit Tenure Terhadap Integritas Laporan Keuangan. Akuntabilitas: Jurnal Penelitian Dan Pengembangan Akuntansi, 12(2), 81–98.
Azzah, L., & Triani, N. N. A. (2021). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional Terhadap Integritas Laporan. Jurnal Akuntansi Unesa, Vol.9 No.3.
Cnbcindonesia. (2018). Nissan & Ghosn Resmi Didakwa Lakukan Pelanggaran Keuangan. Www.Cnbcindonesia.Com.https:// www.cnbcindonesia.com/news/20181210175052-4-45726/nissan-ghosn-resmi-didakwa-lakukan-pelanggaran-keuangan
Cnbcindonesia. (2019a). Tiga Pilar dan Drama Penggelembungan Dana. Www.Cnbcindonesia.Com. https://www.cnbcindonesia.com/market/20190329075353-17-63576/tiga-pilar-dan-drama-penggelembungan-dana
Cnbcindonesia. (2019b). Waduh! Tunggakan BPJS ke Kalbe Farma Capai Rp 300 M. Www.Cnbcindonesia.Com. https://www.cnbcindonesia.com/market/ 20190820134917-17-93289/waduh-tunggakan-bpjs-ke-kalbe-farma-capai-rp-300-m
Cnbcindonesia. (2021). Deretan Skandal Lapkeu di Pasar Saham RI, Indofarma-Hanson! Www.Cnbcindonesia.Com. https://www.cnbcindonesia.com/market/20210726191301-17-263827/deretan-skandal-lapkeu-di-pasar-saham-ri-indofarma-hanson/2
Cnnindonesia. (2015). Terbukti Palsukan Laporan Keuangan, CEO Toshiba Minta Maaf. Www.Cnnindonesia.Com. https://www.cnnindonesia. com/teknologi/20150805180925-185-70301/terbukti-palsukan-laporan-keuangan-ceo-toshiba-minta-maaf
Danuta, K. S., & Wijaya, M. (2020). Pengaruh Kepemilikan Manajerial, Leverage, dan Kualitas Audit Terhadap Integritas Laporan Keuangan. Manajemen & Bisnis, 17(1), 1–10.
Fauziah, S. N., & Panggabean, R. R. (2019). Factors Affecting the Integrity of Manufacturing Company Financial Statements in Indonesian Stock Exchange and Malaysian Stock Exchange. International Journal of Recent Technology and Engineering (IJRTE), 8(4), 2252–2259.
Febrilyantri, C. (2020). Pengaruh Intellectual Capital, Size dan Leverage Terhadap Integritas Laporan Keuangan Pada Perusahaan Manufaktur Sektor Food and Beverage Tahun 2015-2018. Owner, 4(1), 267.
Givoly, D., & Hayn, C. (2002). Rising Conservatism: Implications for Financial Analysis. Financial Analysts Journal, 58(1), 56–74.
Hifnelda, M., & Sasongko, N. (2021). Analisi Faktor-Faktor yang Mempengaruhi Integritas Laporan Keuangan. 475–481. http://www.idx.co.id
Izdihar, A. P., & Karmudiandri, A. (2021). Faktor-Faktor Yang Mempengaruhi Integritas Laporan Keuangan. Universitas Pelita Harapan, 1(69), 5–24.
Le, H. T. T., Tran, H. G., & Vo, X. V. (2021). Audit quality, accruals quality and the cost of equity in an emerging market: Evidence from Vietnam. International Review of Financial Analysis, 77(May), 101798.
Ningrum, O. W. S. (2021). Pengaruh Intellectual Capital Dan Good Corporate Governance Terhadap Kinerja Keuangan. Ilmu Dan Riset Akuntansi, 33(2), 212–233. https://doi.org/10.24002/modus.v33i2.4668
Ozcan, A. (2019). Audit Quality And Earnings Managment: Evidence From Turkey. International Journal of Economic and Administrative Studies, 0–2.
Palebangan, nri V. P., & Majidah. (2021). Pengaruh Intellectual Capital, Leverage Dan Audit Tenure Terhadap Integritas Laporan Keuangan. E-Proceeding of Management, 8(6), 8270–8278.
Putra, W. A. I. . A. (2015). Pengaruh Mekanisme Internal Tata Kelola Perusahaan Terhadap Manajemen Laba (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia 2011-2013).
Saad, B., & Abdillah, A. F. (2019). Analisis Pengaruh Ukuran Perusahaan, Leverage, Audit Tenure, Dan Financial Distress Terhadap Integritas Laporan Keuangan. Oikonomia: Jurnal Manajemen, 15(1), 70–85.
Sahamu.com. (2021). Sektor industri barang konsumsi di BEI. Www.Sahamu.Com. https://www.sahamu.com/sektor-industri-barang-konsumsi-di-bei-kode-jasica-5/
Santoso, S. D., & Andarsari, P. R. (2022). Pengaruh Kepemilikan Manajerial, Ukuran Perusahaan dan Kualitas Audit Terhadap Integritas Laporan Keuangan. Owner, 6(1), 690–700.
Wibowo, A. P., & Surifah, S. (2022). Kualitas Audit, Good Corporate Governance, Struktur Kepemilikan, Leverage, dan Manajemen Laba Riil BUMN Indonesia. Wahana: Jurnal Ekonomi, Manajemen Dan Akuntansi, 25(2), 213–243.
Widaryanti, E. S. (2018). Analisis Pengaruh Ukuran Kap Dan Tata Kelola Perusahaan Terhadap Integritas Laporan Keuangan. Jurnal Bingkai Ekonomi, 3(1), 31–42.
Williams, S. M. (2001). Is intellectual capital performance and disclosure. Journal of Intellectual Capital, 2(3), 192–203.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
