Faktor-Faktor Yang Mempengaruhi Financial Restatement Pada Perusahaan Manufaktur Yang Terdaftar Dalam BEI

Abstract

The purpose of this study is examine the analysis of factors affecting the re-issuance of financial statement in manufacturing companies listed on the Indonesia Stock Exchange for the period 2014-2018. Financial restatement as the dependent variable is measured using a dummy variable where the number 1 is given for companies that did the restatement and the number 0 for companies that did not do the restatement. Samples were selected using the purposive sampling method, 128 companies were collected, consisting of 64 companies that did the restatement, and 64 companies did not do the restatement. The data processing technique uses logistic regression analysis with the help of SPSS (Statistical Product and Service Solution) version 25 for Windows and Microsoft Excel 2016. The result of this study shows that managerial stock ownership had a significant positive effect on the occurence of restatement. While the size of the board of commissioners, the independence of the board of commissioners, institutional share ownership, and the size of the audit committee did not have a significant effect on the occurrence of restatement.