Corporate governance, kualitas pelaporan keuangan, dan efisiensi investasi : studi pada perusahaan manufaktur yang terdaftar di BEI tahun 2007-2008

Deskripsi

The purpose of this study is to empirically tests association between corporate governance, financial reporting quality, and investment efficiency. Corporate governance is proxied by CG index from IICD, moreover financial reporting quality is proxied by earnings management, accruals quality, and readability. This study specifically examines investment efficiency associated to over-investment and under-investment. The results show that there are positive association to corporate governance on earnings management and readability, but there is no significant associated with quality of accruals. As expected, over-investment and under-investment are reduced by higher quality of accruals and readability. But this study provides insignificant relation between earnings management and corporate governance with investment efficiency.Ada tabel