PENGARUH DISCRETIONARY ACCRUALS DAN KONSERVATISME AKUNTANSI TERHADAP NILAI PERUSAHAAN DIMODERASI OLEH GOOD CORPORATE GOVERNANCE (Suatu Studi Pada Perusahaan Pertambangan yang Listing di Bursa Efek Indonesia Periode 2010-2014)

Abstract

ABSTRACT The purpose of this research is to empirically examine the effect of discretionary accruals and accounting conservatism toward to firm value moderated by Good Corporate Governance in the mining company listed in the Indonesia Stock Exchange in 2010-2014. The method used in this research are descriptive and verification analysis. Descriptive analysis are used consist of mean, maximize, minimimum, and standard deviation. While the verification analysis are used include multiple regression analysis and Moderated Regression Analysis (MRA). The independent variables in this study was measured by discretionary accruals model of Jones (1991) modified Dechow et al (1995) and accounting conservatism was measured by using the amount of the accrual Giovly and Hayn (2000). Moderating variable in this study is of good corporate governance which is proxied by Managerial Ownership, Institutional Ownership and Independent Commissioner. The dependent variable in this study is the firm value that is proxied by Price to Book Value (PBV). The population in this study amounted to 41 companies. The research sample using purposive sampling method with the number of samples studied 10 companies. Analysis of data using statistical data processing software that is Eviews 7.1. The result of partial significance (t-test) and test simultaneous significance (F- test) shows that there is significant effect discretionary accruals toward to firm value, there is significant of accounting conservatism toward to firm value, there is no effect discretionary accruals and accounting conservatism toward to firm value with GCG proxied with managerial ownership as a moderating variable partially, there is no effect discretionary accruals and accounting conservatism toward to firm value companies with good corporate governance which is proxied by institutional ownership as a moderating variable partially, there is no effect discretionary accruals and accounting conservatism toward to firm value with GCG which is proxied by commissioner independent as a moderating variable partially, there is significant effect of discretionary accruals and accounting conservatism toward to firm value simultaneously, and there are significant effect discretionary accruals and accounting conservatism toward to firm value with good corporate governance which is proxied by managerial ownership, institutional ownership, and an independent commissioner as moderating variables simultaneously , Keywords: Discretionary Accruals, Conservatism in Accounting, Corporate Values, GCG, Managerial Ownership, Institutional Ownership, Independent Commissione