The influence of the effectiveness of the board of commissioners and audit committee toward bond ratings  

Oleh:

Gunawan, Stephen ; Herusetya, Antonius

Jenis: Article from Proceeding
Dalam koleksi: Proceeding IConEnt 2016 (International Conference on Entrepreneurship) : How Innovation could Improve the Performance and Productivity in Entrepreneurship?, page 1-17.
Topik: corporate governance; board of commissioners; audit committee; bond ratings.
Fulltext: Stephen Gunawan, Antonius Herusetya.pdf (370.15KB)

Isi artikel

This study examines the influence of the effectiveness of the board of commissioners and audit committee towards the bond ratings in Indonesia. The level of effectiveness is measured by the extent to which the board of commissioners and the audit committee perform their duties according to their responsibilities associated with their characteristic. Following Hermawan (2011), we use score index to measure the effectiveness of the board and audit committee in a more comprehensive way. Our research sample consists of 105 firm-years observation that listed in Indonesia Stock Exchange (IDX) and rated by PT Pefindo from the year 2011-2013. Using ordinal logistic regressions, our study found evidence that firms that have effective board of commissioners have positive association towards the bond ratings accredited by PT Pefindo. We found no evidence on the effectiveness of audit committee towards the bond ratings.

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