Kepemilikan Asing Memoderasi Pengaruh Kualitas Laporan Keuangan dan Efisiensi Investasi

Abstract

Mining company is part of the industrial sector, need large capital and also work on long-term projects. Mining company need to use their capital efficiently so that company can obtain maximum income from operational activities. To realize that, mining company need to concern on factors that affect investment efficiency. The purpose of this study examines the influence of the quality of financial reporting and foreign ownership on investment efficiency. The sample was obtained by purposive sampling method from 42 mining companies listed on the Indonesia Stock Exchange (IDX) and found 45 samples of observation from 2014-2016. Based on the analysis using simple linear regression and moderate regression analysis shows that the quality of financial reporting has a positive effect on investment efficiency and foreign ownership has a role to strengthen the influence of the quality of financial reporting on investment efficiency.
 Keywords: Investment Efficiency; The Quality Of Financial Reporting; Foreign Ownership.

The Influence of Accounting Conservatism, Ownership Concentration, and Debt Maturity on Investment Efficiency

“…The conclusion of this research is that the results for the influence of accounting conservatism on investment efficiency have a significant effect on investment efficiency. The research results are also supported by Sari and Suaryana (2014) show that highquality conservatism can minimize information asymmetry. The results of this study are also in line with the findings (Biddle et al, 2009;Chen et al, 2011;Gomariz & Ballesta, 2014).…”

Firm size moderate the effect of audit quality and managerial ownership on investment efficiency

“…Efficient investment is an investment activity carried out by the company optimally, namely by using resources appropriately so that there is no waste of existing resources (Sari & Suaryana, 2014). The company performs efficiencies to reduce costs and facilitate the process of properly managing the company to achieve company goals.…”

“…In addition, companies with large sizes and high information asymmetry can be controlled by management's share ownership. Management who owns company shares will align their interests with those of shareholders (Rashed et al, 2018;Park et al, 2016;Maryanti et al, 2022;Meitari & Astika, 2021).…”