FAKTOR-FAKTOR YANG MEMPENGARUHI PENERAPAN KONSERVATISME PADA PERUSAHAAN MANUFAKTUR DI BEI
ABSTRACT: Management has
options in choosing the method of accounting to produce financial statements in
accordance with the conditions of their respective companies. In an effort to
produce financial statements, one of the principle adopted is conservatism.
Conservatism is the prudential principle which if implemented would result in
the figures tend to be low income and assets. Conservatism is influenced by
several factors, namely debt covenants, bonus plan, and political cost. This
study aims to determine the factors that affect the application of
conservatism. The study design is the object of research is quantitative and
manufacturing industries listed in Indonesia Stock Exchange in the year
2008-2010 which was chosen by purposive sampling technique. Source data
obtained from the Indonesia Stock Exchange. Data analysis was performed with
multiple linear regression analysis. The results showed that the debt covenants
and political costs have a positive influence on conservatism. Meanwhile, the
bonus plan has no effect on conservatism. This is because the bonus plan which
is represented by structure of managerial ownership in companies in Indonesia are
relatively small, so it does not affect the application of conservatism.
Keywords: Conservatism, Debt
covenant, Bonus plan, Political cost
Penulis: CALVIN OKTOMEGAH
Kode Jurnal: jpakuntansidd120096
