PERANAN GOOD CORPORATE GOVERNANCE TERHADAP KEPATUHAN PENGUNGKAPAN TRANSAKSI PIHAK BERELASI
Abstract
ABSTRAK
Penelitian ini bertujuan untuk mengetahui pengaruh dari good corporate governance terhadap kepatuhan pengungkapan transaksi pihak berelasi pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia pada periode 20172019. Sampel dipilih menggunakan metode purposive sampling dan diperoleh sebanyak 117 perusahaan manufaktur. Data yang digunakan adalah data sekunder berupa laporan tahunan perusahaan. Model penelitian menggunakan Random Effect Model. Hasil penelitian menunjukkan komite audit dari komisaris independen berpengaruh positif terhadap pengungkapan transaksi pihak berelasi, sedangkan variabel dependen lain tidak berpengaruh. Ukuran perusahaan sebagai variabel kontrol tidak berpengaruh terhadap pengungkapan transaksi pihak berelasi. Pengungkapan transaksi pihak berelasi berisi informasi seberapa besar posisi keuangan perusahaan dapat dipengaruhi oleh transaksi dan saldo dengan pihak berelasi sehingga dapat meminimalisir masalah agensi berupa asimetri informasi di antara pemegang saham. Pengungkapan transaksi pihak berelasi dapat menghasilkan keputusan investasi yang terbaik bagi pemegang saham.
ABSTRACT
This study aims to determine the effect of good corporate governance on disclosure compliance of related party transactions in manufacturing companies listed on the Indonesia Stock Exchange in the 20172019 period. The sample was selected using purposive sampling method and obtained as many as 117 manufacturing companies. The data used is secondary data in the form of the company's annual report. The research model uses the Random Effect Model. The study conclude only the audit committee of independent commissioners has a positive influence on the disclosure of related party transactions, while the other dependent variables have no effect. Firm size, as a control variable, has no effect on disclosure of related party transactions. Disclosure of related party transactions contains information on how much the company's financial position can be affected by transactions and balances with related parties so as to minimize agency problems in the form of information asymmetry among shareholders. Disclosure of related party transactions can result in the best investment decisions for shareholders.
Keywords
References
Abdullah, M., Evans, L., Fraser, I., & Tsalavoutas, I. (2015). IFRS Mandatory Disclosures In Malaysia: The Influence Of Family Control And The Value (Ir)Relevance Of Compliance Levels. Accounting Forum, 39(February), 328348. https://doi.org/10.1016/j.accfor.2015.05.003
Agyei-Mensah, B. K. (2019). The effect of audit committee attributes on compliance with IAS 24-related party disclosure: An empirical study. International Journal of Law and Management, 61(1), 266285. https://doi.org/10.1108/IJLMA-03-2018-0056
Aldamen, H., Duncan, K., Kelly, S., Mcnamara, R., & Nagel, S. (2012). Audit committee characteristics and firm performance during the global financial crisis. Accounting and Finance, 52(4), 9711000. https://doi.org/10.1111/j.1467-629X.2011.00447.x
Ali, A., Chen, T. Y., & Radhakrishnan, S. (2007). Corporate disclosures by family firms. Journal of Accounting and Economics, 44(12), 238286. https://doi.org/10.1016/j.jacceco.2007.01.006
Apriani, H. W. (2016). Pengaruh Corporate Governance dan Karakteristik Perusahaan Terhadap Luas Pengungkapan Transaksi Pihak Berelasi Di Indonesia. Jurnal Akuntansi Indonesia, 4(1), 36. https://doi.org/10.30659/jai.4.1.36-50
Apriyanti, H. W., Permatasari, D., & Fuad, K. (2020). Faktor-Faktor yang Mempengaruhi Pengungkapan Kebijakan Metode Transfer Pricing dalam Laporan Keuangan. Jurnal Akuntansi Indonesia, 9(1), 19. https://doi.org/10.30659/jai.9.1.19-36
Cheung, Y. L., Rau, P. R., & Stouraitis, A. (2006). Tunneling, propping, and expropriation: evidence from connected party transactions in Hong Kong. Journal of Financial Economics, 82(2), 343386. https://doi.org/10.1016/j.jfineco.2004.08.012
DeAngelo, L. E. (1981). Auditor Size and Audit Quality. Journal of Accounting and Economics, 3(3), 183199.
Elkelish, W. wahid. (2015). Related Party Transactions Disclosure In The Emerging Market Of The United Arab Emirates Abstract transactions disclosure in accordance with International Financial Reporting Standards (IFRS). Accounting Research Journal. https://doi.org/https://doi.org/10.1108/ARJ-10-2014-0091
Ellyani, M., & Hudayati, A. (2019). The Role of Related Party Transaction and Earning Management in Reducing Tax Aggressiveness. Riset Akuntansi Dan Keuangan Indonesia, 4(3), 134145. https://doi.org/10.23917/reaksi.v4i3.8979
Ernawati, D., & Aryani, Y. A. (2019). Controlling shareholders, audit committee characteristics, and related party transaction disclosure: Evidence from Indonesia. Jurnal Keuangan Dan Perbankan, 23(1), 1428. https://doi.org/10.26905/jkdp.v23i1.2701
Fan, J. P. H., & Wong, T. J. (2002). Corporate ownership structure and the.pdf. Journal of Accounting and Economics, 33, 401425. https://doi.org/https://doi.org/10.1016/S0165-4101(02)00047-2
FCGI. (2000). Peranan Dewan Komisaris dan Komite Audit dalam Pelaksanaan Corporate Governance (Tata Kelola Perusahaan). 45. www.fcgi.or.id
Felix, & Hanna. (2020). The Effect of Governance, Disclosure Levels, and Audit Quality Toward The Magnitude of Related Party Transaction. Klabat Accounting Review, 1(1), 113. https://doi.org/10.24843/EJA.2019.v29.i02.p08
Freeman, R. E. E., & McVea, J. (2005). A Stakeholder Approach to Strategic Management. SSRN Electronic Journal, January. https://doi.org/10.2139/ssrn.263511
Gunawan, B., & Hendrawati, E. R. (2016). Peran Struktur Corporate Governance Dalam Tingkat Kepatuhan Pengungkapan Wajib Periode Setelah Konvergensi IFRS (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). Berkala Akuntansi Dan Keuangan Indonesia, 1(1), 7183. https://doi.org/10.20473/baki.v1i1.1698
Hendratama, T. D., & Barokah, Z. (2020). Related Party Transactions And Firm Value: The Moderating Role Of Corporate Social Responsibility Reporting. China Journal of Accounting Research, 13(2), 223236. https://doi.org/10.1016/j.cjar.2020.04.002
Hope, O. K. (2013). Large shareholders and accounting research. China Journal of Accounting Research, 6(1), 320. https://doi.org/10.1016/j.cjar.2012.12.002
Izzaty, K. N., & Kurniawan, P. C. (2018). Pengaruh Kinerja Keuangan, Struktur Kepemilikan dan Corporate Governance Terhadap Tingkat Kepatuhan Pengungkapan Transaksi Pihak Berelasi Pasca Konvergensi IFRS. JWEM STIE MIKROSKIL, 8(2), 215228.
Ikatan Akuntan Indonesia. Pernyataan Standar Akuntansi Keuangan (PSAK) No. 7 Tahun 2015.
Jensen, C., & Meckling, H. (1976). Theory Of The Firm: Managerial Behavior , Agency Costs And Ownership Structure. Journal of Financial Economics, 3, 305360.
Kelton, A. S., & Yang, Y, W. (2008). The Impact Of Corporate Governance On Internet Financial Reporting. Journal of Accounting and Public Policy, 27(1), 6287. https://doi.org/10.1016/j.jaccpubpol.2007.11.001
Kementrian Keuangan Republik Indonesia Badan Pengawas Pasar Modal dan Lembaga Keuangan. (2012). Salinan Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan Nomor: KEP-347/BL/2012 Tentang Penyajian dan Pengungkapan Laporan Keuangan Emiten atas Perusahaan Publik. https://www.ojk.go.id/Files/regulasi/pasar-modal/bapepam-pm/emiten-pp/standar-akuntansi/VIII.G.7.pdf
Kirana, D. J., & Ernawati, E. (2018). Peranan Corporate Governance terhadap Kinerja Perusahaan Family Ownership di Indonesia. Management & Accounting Expose, 1(2), 3240. https://doi.org/10.36441/mae.v1i2.88
Kohlbeck, M., & Mayhew, B. W. (2016). Are Related Party Transactions Red Flags. International Journal of Laboratory Hematology, 38(1), 4249. https://doi.org/10.1111/ijlh.12426
Lange, D., & Bundy, J. (2018). The Association Between Ethics And Stakeholder Theory. Advances in Strategic Management, 38, 365387. https://doi.org/10.1108/S0742-332220180000038019
Mutamimah, M. (2009). Tunneling Atau Value Added Dalam Strategi Merger Dan Akuisisi Di Indonesia. Jurnal Manajemen Teori Dan Terapan| Journal of Theory and Applied Management, 2(2), 161182. https://doi.org/10.20473/jmtt.v2i2.2382
Nurim, Y., Sunardi, S., & Raharti, R. (2017). The Type I Versus Type II Agency Conflict on Earnings Management. Jurnal Dinamika Manajemen, 8(1), 4458. https://doi.org/10.15294/jdm.v8i1.10410
Otoritas Jasa Keuangan Republik Indonesia. (2015). Peraturan Otoritas Jasa Keuangan No. 55/POJK.04/2015 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit. https://peraturan.bpk.go.id/Home/Download/119698/SALINAN-POJK%20%2055.%20Pembentukan%20dan%20Pedoman%20Pelaksanaan%20Kerja%20Komite%20Audit.pdf
Parmar, B. L., Freeman, R. E., Harrison, J. S., Wicks, A. C., Purnell, L., & de Colle, S. (2010). Stakeholder Theory: The State Of The Art. Academy of Management Annals, 4(1), 403445. https://doi.org/10.1080/19416520.2010.495581
Pratama, A. (2018). Does Corporate Governance Affect Related-Party Transactions? A Study On Indonesian Companies Listed On The Indonesian Stock Exchange In 20112015. International Journal of Economic Policy in Emerging Economies, 11(5), 470478. https://doi.org/10.1504/IJEPEE.2018.094807
Pratista, A. R. H. (2019). Pengaruh Corporate Governance Pada Kepatuhan Pengungkapan Transaksi Berelasi Berdasarkan Pernyataan Standar Akuntansi Keuangan (PSAK) No. 7 Tahun 2015. Nominal: Barometer Riset Akuntansi Dan Manajemen, 8(1), 1930. https://doi.org/10.21831/nominal.v8i1.24496
Premuroso, R. F., & Bhattacharya, S. (2008). Do Early And Voluntary Filers Of Financial Information In XBRL Format Signal Superior Corporate Governance And Operating Performance? International Journal of Accounting Information Systems, 9(1), 120. https://doi.org/10.1016/j.accinf.2008.01.002
Purba, J. T., Ermaya, H. N. L., & Ajengtiyas, A. (2020). Determinasi Pengungkapan Transaksi Pihak Berelasi Berdasarkan Psak No.7 Tahun 2018. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 6(1), 2940. https://doi.org/10.34204/jiafe.v6i1.1849
Saleh, T. (2019, Juni 10). Apakah Sjamsul Nursalim Masih Kendalikan Gajah Tunggal?. CNBC Indonesia. https://www.cnbcindonesia.com/market/20190610175914-17-77437/apakah-sjamsul-nursalim-masih-kendalikan-gajah-tunggal.
________. (2019, Agustus 1). Rugi 7 Tahun, Perusahaan Rokok Bentoel Jadi Sorotan DPR. CNBC Indonesia. https://www.cnbcindonesia.com/market/20190731230411-17-88998/rugi-7-tahun-perusahaan-rokok-bentoel-jadi-sorotan-dpr
________. (2019, Juni 10). Apakah Sjamsul Nursalim Masih Kendalikan Gajah Tunggal?. CNBC Indonesia. https://www.cnbcindonesia.com/market/20190610175914-17-77437/apakah-sjamsul-nursalim-masih-kendalikan-gajah-tunggal
Sari, D. K., Utama, S., & Rossieta, H. (2017). Tax Avoidance, Related Party Transactions, Corporate Governance and the Corporate Cash Dividend Policy. Journal of Indonesian Economy and Business, 32(3), 190. https://doi.org/10.22146/jieb.28658
Sellami, Y. M., & Fendri, H., B. (2017). The effect of audit committee characteristics on compliance with IFRS for related party disclosures: Evidence from South Africa. Managerial Auditing Journal, 32(6), 603626. https://doi.org/10.1108/MAJ-06-2016-1395
Sugianto, D. (2019, Juni 11). Sjamsul Nursalim Tersangka Kasus BLBI, Saham Gajah Tunggal Anjlok. Detik. https://finance.detik.com/bursa-dan-valas/d-4582609/sjamsul-nursalim-tersangka-kasus-blbi-saham-gajah-tunggal-anjlok
Utama, C. A. (2015). Penentu Besaran Transaksi Pihak Berelasi: Tata Kelola, Tingkat Pengungkapan, Dan Struktur Kepemilikan. Jurnal Akuntansi Dan Keuangan Indonesia, 11(1), 3754. https://doi.org/10.21002/jaki.2015.03
Utama, C. A., & Utama, S. (2014a). Corporate governance, size and disclosure of related party transactions, and firm value: Indonesia evidence. International Journal of Disclosure and Governance, 11(4), 341365. https://doi.org/10.1057/jdg.2013.23
____________________. (2014b). Determinants of disclosure level of related party transactions in Indonesia. International Journal of Disclosure and Governance, 11(1), 7498. https://doi.org/10.1057/jdg.2012.15
DOI: 10.34204/jiafe.v7i2.3769
Refbacks
- There are currently no refbacks.
Copyright (c) 2021 Grace Olivia, Dwi Jaya Kirana, Ekawati Jati Wibawaningsih
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Author Guidelines
Email the author 
