Cut Danisha Razki Primary Author mixed material bibliography Banda Aceh Program Studi Magister Akuntansi 2024

Theses

THE EFFECTS OF INSTITUTIONAL OWNERSHIP, FOREIGN OWNERSHIP, AND AUDIT COMMITTEE FINANCIAL EXPERT ON INVESTMENT EFFICIENCY WITH ACCOUNTING CONSERVATISM AS A MEDIATOR IN NONFINANCIAL FIRMS ON THE INDONESIA STOCK EXCHANGE By : Cut Danisha Razki NPM : 1801203010024 Supervisors : 1. Dr. Muhammad Arfan, S.E., M.Si., Ak., C.A. 2. Dr. Mulia Saputra, S.E., M.Si., Ak,, C.A. ABSTRACT This study is intended to investigate the effects of institutional ownership, foreign ownership, and audit committee financial expert on investment efficiency with accounting conservatism as a mediator. The population in this study is nonfinancial firms listed on the Indonesia Stock Exchange for the period of 2018 to 2020. A sample of 102 companies was selected using the stratified random sampling technique. The data used for the study were secondary data collected from the annual reports of the companies and were analyzed using the path analysis method. The empirical findings showed that institutional ownership, foreign ownership, and audit committee financial expert respectively had a positive effect on accounting conservatism. In addition, foreign ownership and accounting conservatism respectively had a positive effect on investment efficiency, whereas institutional ownership and audit committee financial expert respectively had no significant effect on investment efficiency. Further analysis showed that accounting conservatism appeared to have a mediating effect on the relationship between institutional ownership, foreign ownership, and audit committee financial expert on investment efficiency, respectively. Keywords: Investment efficiency, accounting conservatism, institutional ownership, foreign ownership, audit committee financial expert. 0 ELECTRONIC THESES AND DISSERTATION Universitas Syiah Kuala 123868 2024-06-25 12:26:15 2024-06-25 15:04:03 machine generated