The Effect of Independent Commissioner, Leverage, Return on Equity to Voluntary Disclosures with Mandatory Disclosures as Moderating Variable

Abstract

This study was conducted to determine the effect of independent commissioner, leverage and return on equity on voluntary disclosure with mandatory disclosure variable as the moderating variable. The population is a manufacturing company incorporated in the Indonesia Stock Exchange. By using quantitative analysis technique of multiple regression analysis, the researcher perform hypothesis test on research problem. Voluntary disclosure measurements were performed using items developed by Elsayed and Haque from the Botosan instrument. While the measurement of disclosure shall be made using an unweighted disclosure index in accordance with the latest regulations of the Indonesian Financial Services Authority (OJK). Secondary data is obtained from the company's annual financial statements published in 2016. The results show that only Leverage variables significantly affect the Company's Voluntary Disclosure. In addition, the results indicate that the mandatory disclosure of the company does not moderate the Independent Commissioner, Leverage and Return on Equity relationships, neither strengthening nor weakening the relationship of those variables to the Company's Voluntary Disclosure. In addition, this study also shows that there is a significant difference between mandatory disclosure and voluntary disclosure. Then, for the impact of the use of certain public accounting firms, the results show that there is no significant difference to mandatory and voluntary disclosure of companies that using "Big Auditor" and "Non Big Auditor".

Leverage and Quality of Voluntary Disclosure among Commercial Banks in Kenya

“…In summary, the extensive body of research conducted by Adeniyi and Adebayo (2018), Fitriasuri, Didik, Inten, and Luluk (2018), Mishari and Abdullah (2014), and Demir and Bahadir ( 2014) collectively provides a comprehensive backdrop against which to contextualize the current study's investigation into the quality of voluntary disclosure among Kenyan commercial banks. Each of these prior studies contributes a unique facet to the broader discourse on corporate disclosure practices, shedding light on the intricate relationships between financial factors, firm-specific characteristics, and disclosure behaviors within various international contexts.…”

“…In a parallel exploration of financial factors and corporate disclosure, Fitriasuri, Didik, Inten, and Luluk (2018) embarked on an empirical journey to unravel the interplay between return on equity, leverage, and the presence of independent commissioners on discretionary declarations. Their research, situated within the context of manufacturing firms listed on the Indonesian Stock Exchange, unearthed a noteworthy revelation.…”

Faktor Keuangan Pada Pengungkapan Wajib

“…Sumber: Hasil olah statistik Berdasarkan tabel di atas, menunjukkan bahwa semua variabel dimana nilai toleransi lebih besar dari 0,1 dan nilai faktor inflasi varians kurang dari 10, maka dapat disimpulkan bahwa semua variabel tidak memiliki gejala multikolinearitas. (Fitriasuri et al, 2020).…”

“…Nilai t-hitung positif menunjukkan adanya pengaruh positif antara variabel X2, yaitu rasio profitabilitas terhadap variabel Y, yaitu mandatory disclosure dan dengan nilai signifikansi 0,022 atau kurang dari 0,05 (5%) maka H0 ditolak dan H2 diterima, yang berarti rasio profitabilitas berpengaruh positif signifikan terhadap pengungkapan wajib. Hasil penelitian ini sesuai dengan yang diprediksikan yaitu variabel profitabilitas berpengaruh positif terhadap pengungkapan wajib (Fitriasuri et al, 2020). Berdasarkan signaling theory, profitabilitas yang tinggi merupakan sinyal untuk meyakinkan investor tentang kinerja manajemen dalam menghasilkan keuntungan bagi perusahaan.…”

Voluntary Disclosure Pada Perusahaan BUMN di Indonesia

“…Tabel 9 menunjukkan variabel independen komisaris independen memperoleh nilai probabilitas sebesar 0.486 > 0.05 dapat diartikan bahwa komisaris independen tidak berpengaruh terhadap luas voluntary disclosure. Hal ini serupa dengan hasil penelitian Fitriasuri et al (2020) dan Gunawan (2019) yang mengungkapkan hasil yang sama. Berdasarkan hasil yang diperoleh, dapat disimpulkan bahwa komisaris independen pada perusahaan BUMN terdaftar di BEI merupakan jumlah minimal yang telah ditentukan.…”