Corporate Action : Pengaruh Stock Repurchase dan Kepemilikan Keluarga terhadap Audit Fee

Windi Marlianita Fitri, R Nelly Nur Apandi

Abstract


This study aims to examine the effect of stock repurchase on audit costs with family ownership as a moderating variable in non-financial companies listed on the Indonesia Stock Exchange (BEI) in 2014—2016. Audit fees in this study were measured by looking at the total audit fees listed in the company's annual report. The research method used is to use quantitative descriptive methods. The population in the study was 110 non-financial companies listed on the Indonesia Stock Exchange (IDX) in 2014—2016. The sample was chosen based on a purposive sampling technique with several criteria. The data analysis technique used in the study is multiple regression models. The results of hypothesis testing in the study indicated that stock repurchase had a positive effect on audit fees and family ownership was considered capable of weakening the influence of stock repurchase on audit fees.


Keywords


Stock repurchase; audit fee; family firm

Full Text:

PDF

References


Apandi, R. N. N. (2016). Pengaruh Penerapan Fair Value Non Current Asset dan Manajemen Pajak atas Asset Perusahaan terhadap Biaya audit. Jurnal Riset Akuntansi dan Keuangan, 4(3), 1229-1242. doi: https://doi.org/10.17509/jrak.v4i3.5839

Apandi, R. N. N. (2016). The Effect of Corporate Tax Governance, Audit Quality and Tax Exposure on Biaya audit for Companies Enlisted in Indonesia Stock Exchange. Proceedings of the 2016 Global Conference on Business, Management and Entrepreneurship. Advances in Economics, Business and Management Research, 15, 8-16. doi: https://doi.org/10.2991/gcbme-16.2016.2

Apandi, R. N. N. (2018). Audit Tenure and Investor’s Perception on Audit Quality Before and After Implementation of The SA 240. Research Journal of Finance and Accounting, 9(2), 128-138. Diakses dari https://www.iiste.org/Journals/index.php/RJFA/article/view/40819

Arens, A. A., Elder, R. J., & Beasley, M. S. (2015). Auditing & Jasa Assurance. Jakarta: Penerbit Erlangga.

Ayuningtyas, D., & Diyanti, V. (2017). Negative Entrenchment Effect of Business Group Conglomerates on Selling and Purchasing Related Party Transactions. Journal of Economics, Business, and Accountancy Ventura, 19(3), 415-426. doi: https://doi.org/10.14414/jebav.v19i3.480

Bryan, D. B., & Mason, T. W. (2016). The Influence of Earnings Management Conducted Through the use of Accretive Stock Repurchases on Biaya audits. Advances in Accounting, 34, 99-109. doi: https://doi.org/10.1016/j.adiac.2016.08.001

Claessens, S., Djankov, S., & Lang, L. H. P. (2000). The Separation of Ownership and Control in East Asian Corporations. Journal of Financial Economics, 58(1-2), 81-112. doi: https://doi.org/10.1016/S0304-405X(00)00067-2

Fahmi, I. (2015). Manajemen Investasi Jilid 2. Jakarta Selatan: Penerbit Erlangga.

Fan, J. P. H., & Wong, T. J. (2002). Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia. Journal of Accounting and Economics, 33(3), 401-425. doi: https://doi.org/10.1016/S0165-4101(02)00047-2

Fitriany, S. V., & Anggraita, V. (2016). Impact of Abnormal Audit Fee to Audit Quality: Indonesian Case Study. American Journal of Economics, 6(1), 72-78. Diakses dari http://article.sapub.org/10.5923.j.economics.20160601.09.html

Ginglinger, E., & L’her, J. F. (2006). Ownership Structure and Open Market Stock Repurchases in France. The European Journal of Finance, 12(1), 77-94. doi: https://doi.org/10.1080/13518470500039543

Gracesellia, E. (2014). Pengaruh Konsentrasi Kepemilikan Klien terhadap Biaya audit Perusahaan di Indonesia. Skripsi. Fakultas Ekonomi. Universitas Indonesia.

Harish, N. M., Rahayu, S., & Aminah, W. (2017). Pengaruh Fee Audit, Kompetensi Auditor, dan Perubahan Kewenangan terhadap Motivasi Auditor (Survey Auditor Kantor Akuntan Publik di Bandung). E-Proceeding of Management, 4(3), 2791-2795. Diakses dari https://libraryeproceeding.telkomuniversity.ac.id/index.php/management/article/view/5262

Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305-360. doi: https://doi.org/10.1016/0304-405X(76)90026-X

Krauß, P., Pronobis, P., & Zulch, H. (2014). Abnormal audit fees and audit quality: initial evidence from the German audit market. Journal of Business Economics, 85(1), 45-84. doi: https://doi.org/10.1007/s11573-014-0709-5

La Porta, R., Lopez-De-Silanes, F., & Shleifer, A. (1999). Corporate Ownership Around the World. The Journal of Finance, 54(2). 471-517 doi: https://doi.org/10.1111/0022-1082.00115

Limbago, E., & Juniarti. (2014). Pengaruh Family Control Terhadap Profitabilitas dan Nilai Perusahaan Pada Sektor Properti dan Real Estate. Business Accounting Review, 2(1). Diakses dari https://www.academia.edu/22671077/Pengaruh_Family_Control_Terhadap_Profitabilitas_dan_Nilai_Perusahaan_Pada_Industri_Properti_dan_Real_Estate

Meiriasari, V. (2017). Pengaruh Corporate Governance, Kepemilikan Keluarga, Kepemilikan Institusional dan Ukuran Perusahaan (Firm Size) terhadap Biaya Utang. Jurnal Ilmiah Ekonomi Global Masa Kini, 8(1), 28-34. Diakses dari http://ejournal.uigm.ac.id/index.php/EGMK/article/view/233

Muwanah, U. (2014). Corporate Governance dan Kepemilikan Keluarga. Jurnal Akuntansi Multiparadigma, 5(2), 170-344. doi: https://doi.org/10.18202/jamal.2014.08.5024

Nurjanati, R., & Rodoni, A. (2015). Pengaruh Asimetri Informasi dan Tingkat Disclosure terhadap Biaya Ekuitas dengan Kepemilikan Manajerial sebagai Variabel Moderating (Studi Empiris Pada Perusahaan Manufaktur Di Bursa Efek Indonesia). Esensi: Jurnal Bisnis dan Manajemen, 5(2), 173-190. doi: https://doi.org/10.15408/ess.v5i2.2339

Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of Theory and Evidence on Problems and Perspectives. Indian Journal of Corporate Governance, 10(1), 74-95. doi: https://doi.org/10.1177/0974686217701467

Peraturan Pengurus Institute Akuntan Publik Indonesia No 2 Tahun 2016 Tentang Penentu Imbalan Jasa Audit Laporan Keuangan.

Pudjiastuti, H. (2012). Dasar-dasar Manajemen Keuangan. Yogyakarta: Unit Penerbit dan Percetakan (UPP STIM YKPN).

Primasari, A., & Zulaikha (2017). Pengaruh Kepemilikan Keluarga terhadap Biaya Audit dengan Pilihan Auditor sebagai Variabel Intervening. Diponegoro Journal of Accounting, 6(4), 1-7. Diakses dari https://ejournal3.undip.ac.id/index.php/accounting/article/view/18196

Saputri, T. N., & Nurhayati, E. (2017). Pengaruh Risiko Audit dan Lamanya Waktu Audit terhadap Penetapan Biaya Audit. Jurnal Riset Keuangan dan Akuntansi, 3(1), 95-104. Diakses dari https://adoc.tips/pengaruh-risiko-audit-dan-lamanya-waktu-audit-terhadap-penet.html

Starga, V. K. (2015). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional dan Kepemilikan Keluarga terhadap Manajerial Laba (Earnings Management) pada Perusahaan berkepemilikan Ultimat yang Terdaftar di BEI. Skripsi. Jurusan Akuntansi Fakultas Ekonomi, Universitas Riau.

Sugiarto, S. (2009). Struktur Modal, Struktur Kepemilikan Perusahaan, Permasalahan Keagenan & Informasi Asimetri. Yogyakarta: Graha Ilmu.

Theodorus, T. (2011). Berpikir Kritis dalam Auditing. Jagakarsa Jakarta: Salemba Empat.

Virgiawan, I. P. Y., & Diyanty, V. (2015). Pengaruh Konsentrasi Kepemilikan Keluarga dan Internet Financial Reporting (IFR) terhadap Asimetri Informasi. Jurnal Akuntansi dan Keuangan Indonesia, 12(2), 123-146. doi: https://doi.org/10.21002/jaki.2015.08




DOI: https://doi.org/10.35138/organum.v2i2.54

Refbacks

  • There are currently no refbacks.


 

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License