Pengaruh Corporate Governance Terhadap Agency Cost Pada Perusahaan Manufaktur Yang Terdaftar Di BEI

Authors

  • Alya Nisrina Hafsyah Faculty of Economic and Business, Trisakti University
  • Mega Mersela Faculty of Economic and Business, Trisakti University
  • Henny Setyo Lestari Faculty of Economic and Business, Trisakti University

DOI:

https://doi.org/10.24912/je.v27i1.852
Keywords: Agency Cost; Board Independent; Board Size; Firm Performance; Firm Size; Foreign Ownership; Management Ownership Leverage

Abstract

This study aims to determine the effect of corporate governance on agency costs. The sample used for this research is manufacturing companies listed on the Indonesia Stock Exchange during the 2016-2020 period, which total 66 companies. The technique for taking samples in this research is purposive sampling and panel data regression analysis methods. The independent variables used are board size, board independence, management ownership and foreign ownership and the control variables are leverage, firm size, firm performance with agency cost as the dependent variable.


Author Biographies

Alya Nisrina Hafsyah, Faculty of Economic and Business, Trisakti University

alyanisrinah@gmail.com

Mega Mersela, Faculty of Economic and Business, Trisakti University

merselamega@gmail.com

Henny Setyo Lestari, Faculty of Economic and Business, Trisakti University

henny_setyo_lestari@trisakti.ac.id

References

Čalopa, M. K., Kokotec, I. Ð., and Kokot, K. (2020). Impact of board size and ownership concentration on agency costs: Evidence for croatian companies. Zbornik Radova Ekonomskog Fakultet Au Rijeci, 38(2). https://doi.org/10.18045/zbefri.2020.2.521.

Chaudhary, P. (2021). Agency costs, board structure and institutional investors: case of India. Asian Journal of Accounting Research, ahead-of-print(ahead-of-print). https://doi.org/10.1108/ajar-12-2020-0130.

Choi, Y. M., and Park, K. (2019). Foreign ownership, agency costs, and long-term firm growth: Evidence from Korea. Sustainability (Switzerland), 11(6). https://doi.org/10.3390/su10021599.

Febrianny, C. I., Purwohedi, U., dan Handarini, D. (2020). Pengaruh Profitabilitas, Kepemilikan Asing, dan Keberadaan Wanita Dalam Dewan Direksi Terhadap Nilai Filantropi Perusahaan. Jurnal Akuntansi, Perpajakan, Dan Auditing, 1(1).

Gray, P., Koh, P. S., and Tong, Y. H. (2019). Accruals quality, information risk and cost of capital: Evidence from Australia. Journal of Business Finance and Accounting, 36(1–2). https://doi.org/10.1111/j.1468-5957.2008.02118.x.

Hamdan, A. M. (2018). Dividend policy, agency costs and board independence. International Journal of Critical Accounting, 10(1). https://doi.org/10.1504/ijca.2018.10012244.

Huu Nguyen, A., Thuy Doan, D., and Ha Nguyen, L. (2020). Corporate Governance and Agency Cost: Empirical Evidence from Vietnam. Journal of Risk and Financial Management, 13(5). https://doi.org/10.3390/jrfm13050103.

Indriastuti, M., Kartika, I., and Najihah, N. (2021). Financial Distress Prediction: The Ownership Structure and Management Agency Cost. The Indonesian Journal of Accounting Research, 24(02). https://doi.org/10.33312/ijar.514.

Krisnauli; Hadiprajitno, P. B. (2014). Struktur Kepemilikan Terhadap Agency Cost ( Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2010-2012 ). Diponegoro Journal Of Accounting, 3(2), 1–13.

Kusumasari, R. D., Fadilah, S., and Sukarmanto, E. (2018). Pengaruh pajak , kepemilikan asing, dan ukuran perusahaan terhadap transfer pricing (studi empiris pada perusahaan manufaktur yang terdaftar di bursa efek Indonesia periode 2012-2016). Prosiding Akuntansi, 4(2).

Mappanyukki, R., Prakoso, H. D., and Irwandi, S. A. (2016). The Impact of Free Cash Flow and Good Corporate Governance on Earning Management of Banking Companie Listed on The Indonesian Stock Exchange. Research Journal of Finance and Accounting, 7(20).

Melmusi, Z. (2016). Pengaruh Pajak, Mekanisme Bonus, Kepemilikan Asing dan Ukuran Perusahaan Terhadap Transfer Pricing Pada Perusahaan Yang Tergabung Dalam Jakarta Islamic Index dan Terdaftar di Bursa Efek Indonesia Periode 2012-2016. Jurnal Ekobistek Fakultas Ekonomi, 5(2).

Prananda, R. ’Aisy, dan Triyanto, D. N. (2020). Pengaruh Beban Pajak, Mekanisme Bonus, Exchange Rate, Dan Kepemilikan Asing Terhadap Indikasi Melakukan Transfer Pricing. Nominal: Barometer Riset Akuntansi Dan Manajemen, 9(2). https://doi.org/10.21831/nominal.v9i2.30914.

Pujiati, D., dan Widanar, E. (2019). Pengaruh Struktur Kepemilikan Terhadap Nilai Perusahaan Keputusan Keuangan Sebagai Variabel Intervening. Jurnal Ekonomi Bisnis & Akuntansi Ventura, 12(1).

Rahyuningsih, R., dan Ayem, S. (2020). Pengaruh leverage dan kepemilikan manajerial terhadap manajemen laba dengan agency cost sebagai variabel intervening pada perusahaan manufaktur. Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha, 28(2). https://doi.org/10.32477/jkb.v28i2.210.

Retnoningsih, S., and Mahanani, S. (2019). Influence of Financial Performance, Value of Company, Corporate Governance Mechanism For Executive Compensation. https://doi.org/10.2991/iscogi-17.2019.42.

Sayidah, N. (2017). Pengaruh Kualitas Corporate Governance Terhadap Kinerja Perusahaan Publik. Jurnal Akuntansi.

Singh, M., and Davidson, W. N. (2018). Agency Costs, Ownership Structure And Corporate Governance Mechanisms. Journal of Banking and Finance, 27(5). https://doi.org/10.1016/S0378-4266(01)00260-6.

Structure, P. O., Flow, F. C., Shael, E., & Murhadi, W. R. (n.d.). Corporate Governance Terhadap Biaya Keagenan. 1–93.

Thi Tuyet Mai Nguyen , and Elaine Evans, M. L. (2017). Article information: Independent directors, ownership concentration and firm performance in listed companies Pacific Accounting Review.

Yusuf, A., dan Said, D. (2018). Hubungan Antara Modal Intelektual Dengan Nilai Pasar Dan Kinerja Keuangan Di Perusahaan Publik Indonesia The Relationship between Intellectual Capital, Market Value and Financial Performance in Indonesian Public Companies. Jurnal Analisis, 2(1).

Downloads

PlumX Metrics

Published

2022-03-01

How to Cite

Alya Nisrina Hafsyah, Mega Mersela, & Henny Setyo Lestari. (2022). Pengaruh Corporate Governance Terhadap Agency Cost Pada Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal Ekonomi, 27(1), 34–48. https://doi.org/10.24912/je.v27i1.852

Issue

Section

Articles