Detail Big Four Auditors and Corporate Governance Practices in Indonesia (presented in EBEN Research Conference 2007, Bergamo (Italy), June 21-13, 2007, Finance & Society in Ethical Perspective) Bibliografi Author: Prasetyantoko, A. Ico Tri Topik: Corporate Governance; External Auditors; Capital Structure Bahasa: (EN )     Penerbit: Universita Degli Studi Di Bergamo     Tempat Terbit: Bergamo    Tahun Terbit: 2007     Jenis: Papers/Makalah - pada seminar internasional Fulltext: text - Paper 17 - BERGAMO.pdf (129.0KB; 4 download) Abstract This paper engages in the corporate governance issues in Indonesia by considering the choice of the external auditors of the firms as a pivotal factor influencing the financing policies of the firms. To deal with corporate governance practices, this paper focuses on the financing policies or capital structure choices of the firms. Therefore, the formal question is whether firms with big four auditors were experiencing better financing policies in Indonesia where the issue of corporate governance is relatively new. In this study, we include 275 listed firms in Jakarta Stock Exchange (JSX) in the period of 1994 – 2004. After controlling by firm size and firm tangibility, we find that firms with big four auditors were have less debt ratio, which can lead to the understanding that they were more prudent in their financing policies than firms with non-big four auditors. Accordingly, the other firms (non-big four auditors) were more excessively exposed to the debts, which could be a source of economic vulnerability when currency depreciation was present. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved