Widia Astuti, 7211418103 (2022) PENGARUH LEVERAGE, STRUKTUR KEPEMILIKAN, DAN POLITICAL COST TERHADAP KONSERVATISME AKUNTANSI DENGAN KOMITE AUDIT SEBAGAI VARIABEL MODERATING. Under Graduates thesis, Universitas Negeri Semarang.

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Abstract

Manipulation of financial statements may occur due to abuse of authority by managers, especially in choosing accounting methods. Companies can apply accounting conservatism to limit the manipulation of financial statements by managers. This study aims to analyze the effect of leverage, ownership structure, and political cost on accounting conservatism. In addition, to determine the role of the audit committee in moderating leverage, managerial ownership, institutional ownership, foreign ownership, and the political cost of accounting conservatism. The population of this study are manufacturing companies that are listed consecutively on the Indonesia Stock Exchange (IDX) for the 2018-2020 period. Sample selection using purposive sampling. Samples that meet the criteria obtained are 63 companies, 30 data outliers, and 159 units of analysis. This study uses secondary data in the form of annual reports obtained from the Indonesia Stock Exchange and the official websites of related companies. Data analysis uses Moderated Regression Analysis (MRA), which is the absolute value difference test with the IBM SPSS Version 25 application. The results of this study indicate that managerial ownership, institutional ownership, and political cost have a positive and significant effect on accounting conservatism, then leverage and foreign ownership have no significant effect on accounting conservatism. The audit committee moderated the effect of managerial ownership on accounting conservatism, but was unable to moderate the effect of leverage, institutional ownership, foreign ownership, and political cost on accounting conservatism. Suggestions from this research is that companies are expected to pay attention to the structure of managerial ownership and institutional ownership to increase the application of accounting conservatism. Share ownership by internal and external parties of the company can increase the application of accounting conservatism. Subsequent research takes the object of research to other sectors such as trade, services and investment listed on the Indonesia Stock Exchange (IDX) and adds a longer observation period.

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