Sari, Meita Sekar (2025) PENGARUH KARAKTERISTIK BOARD TERHADAP FINACIAL PERFOMANCE DENGAN EARNING MANAGEMENT DAN OWNERSHIP INSTITUSIONAL SEBAGAI VARIABEL INTERVENING (Penelitian dilakukan pada Perusahaan Manufaktur BUMN di Bursa Efek Indonesia Tahun 2017-2022). Doktoral thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.
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Abstract
This dissertation investigates the effect of board characteristics—comprising gender diversity, board tenure, educational background, and board independence—on financial performance, mediated by earnings management and institutional ownership. The research is motivated by the ongoing issue of earnings manipulation and governance inefficiencies in Indonesia’s manufacturing sector, which have contributed to fluctuating financial performance. Grounded in agency theory, the study highlights the role of corporate governance mechanisms in mitigating agency conflicts. The study applies a quantitative approach using panel data from manufacturing firms listed on the Indonesia Stock Exchange for the period 2017–2022. Variables were measured using secondary data derived from audited financial statements and corporate annual reports. Panel regression analysis was conducted to examine both direct and indirect relationships through a dual mediation model. The findings indicate that gender diversity, board tenure, and educational background significantly affect earnings management. Furthermore, independent board members influence institutional ownership. Both earnings management and institutional ownership are found to have significant effects on financial performance. Mediation analysis confirms that board characteristics influence financial performance indirectly through both mediating variables. This study offers theoretical contributions by proposing a dual mediation framework and extending the corporate governance literature in emerging market contexts. The findings provide practical implications for enhancing board structure and strengthening governance to improve firm performance.
| Item Type: | Thesis (Doktoral) | |||||||||
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| Additional Information: | Disertasi ini meneliti pengaruh karakteristik dewan direksiyang mencakup gender diversity, tenure board, educational board, dan independent board terhadap kinerja keuangan perusahaan, yang dimediasi oleh praktik earning management dan kepemilikan institusional. Penelitian ini dilatarbelakangi oleh maraknya praktik manipulasi laba dan lemahnya tata kelola di sektor manufaktur Indonesia yang menyebabkan fluktuasi kinerja keuangan. Penelitian ini berlandaskan pada agency theory yang menekankan pentingnya pengawasan dalam mengurangi konflik keagenan antara manajemen dan pemilik perusahaan. Penelitian ini menggunakan pendekatan kuantitatif dengan data panel dari perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia selama periode 2017–2022. Variabel penelitian diukur berdasarkan data sekunder yang diperoleh dari laporan keuangan tahunan yang telah diaudit. Teknik analisis yang digunakan adalah regresi data panel, termasuk uji pengaruh langsung dan tidak langsung dengan pendekatan model mediasi ganda. Hasil penelitian menunjukkan bahwa gender diversity, tenure board, dan educational board berpengaruh signifikan terhadap praktik earning management. Selain itu, keberadaan independent board juga memengaruhi ownership institusional. Praktik earning management dan ownership institusional secara signifikan berpengaruh terhadap financial performance. Analisis mediasi mengonfirmasi bahwa karakteristik dewan direksi memengaruhi kinerja keuangan secara tidak langsung melalui kedua variabel mediasi tersebut. Penelitian ini memberikan kontribusi teoretis dengan mengusulkan kerangka mediasi ganda serta memperluas literatur corporate governance di negara berkembang. Secara praktis, hasil penelitian ini memberikan implikasi bagi penguatan struktur dewan dan peningkatan transparansi tata kelola untuk mendorong kinerja keuangan perusahaan yang berkelanjutan. | |||||||||
| Uncontrolled Keywords: | Gender Diversity, Board Tenure, Educational Background, Independent Board, Earnings Management, Institutional Ownership, Financial Performance, Agency Theory. Gender Diversity, Tenure Board, Educational Board, Independent Board, Earning Management, Ownership Institusional, Financial Performance, Agency Theory. | |||||||||
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HF Commerce > HF5601 Accounting |
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| Divisions: | 05-Fakultas Ekonomi dan Bisnis 08 Pascasarjana > 7783-ILMU AKUNTANSI PROGRAM DOKTOR (S3) |
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| Depositing User: | Meita Sekar Sari | |||||||||
| Date Deposited: | 13 Nov 2025 07:07 | |||||||||
| Last Modified: | 13 Nov 2025 07:07 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/55977 |
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