The Influence of the Existence of an Oversight Committee and the Extent of Voluntary Disclosure on
Stock Prices in Indonesiaby P Ari
Submission date: 08-Mar-2019 01:09PM (UTC+0700)Submission ID: 1089835503File name: 14-146-1-PB.pdf (321.24K)Word count: 3851Character count: 21855
z JURNAL BISNIS MANAJEMEN ISSN 1412 - 3681
Jurnal Bisnis & Manajemen, 2017, Vol. XVIII, No. 1, 3-10
The Influence of the Existence of an Oversight Committee and the Extent of Voluntary
Disclosure on Stock Prices in Indonesia
DINALESTARI PURBAWATI, ARI PRADHANAWATI, AGUNG BUDIANTO
Diponegoro University, Semarang 502 75, Indonesia
Email correspondence: [email protected]
Abstract
This study consists of two test models. The first model investigates the impact of the existence of an oversight committee
on the extent of voluntary disclosure. The second model investigates the impact of the extent of voluntary disclosure
on stock price. The data was collected from the annual reports of non-financial companies listed on the Indonesian
Stock Exchange (BEi) in the period of 2012, 2013 and 2014. Analysis tools used in the first test model is a multiple
regression and in the secon is simple regression model. The results of analysis show that only the existence of the
risk management committee has a significant positive effect on the extent of voluntary disclosure. Then, the extent of
voluntary disclosure has a significant positive effect on stock prices.
Key words: Corporate governance, Stock price, Disclosure.
Pengaruh Keberadaan Komite Pengawasan dan Tingkat Pengungkapan
Sukarela pada Harga Saham di Indonesia
Abstrak
Penelitian ini terdiri dari dua model tes. Model pertama menyelidiki dampak dari keberadaan komite pengawasan pada
tingkat pengungkapan sukarela. Model kedua menyelidiki dampak tingkat pengungkapan sukarela pada harga saham.
Data dikumpulkan dari laporan tahunan perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia (BEi) pada
periode 2012, 2013 dan 2014. A/at analisis yang digunakan dalam model tes pertama ada/ah regresi berganda dan yang
kedua adalah model regresi sederhana. Has/I analisis menunjukkan bahwa hanya keberadaan komite manajemen risiko
memiliki efek positif yang signifikan pada tingkat pengungkapan sukarela. Kemudian, tingkat pengungkapan sukarela
memiliki efek positif yang signifikan terhadap harga saham.
Kata kunci: Tata kelola perusahaan, Harga saham, Pengungkapan.
3
Jurnal Bisnis & Manajemen, 2017, Vol. XVIII, No. 1, 3-10
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