KALBUANA, NAWANG (2025) PERAN AUDIT REPORT LATE DALAM MEMEDIASI PENGARUH CORPORATE GOVERNANCE MECHANISMS, AUDIT FEE DAN LITIGASI TERHADAP VALUE CREATION. Doktoral thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.
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Abstract
This study aims to provide empirical evidence about the effect of the influence of audit fees, corporate governance mechanisms (proxied by independent commissioners, independent audit committees), and litigation on audit report late and value creation, as well as to evaluate the role of audit report late in mediating the influence of audit fee variables, corporate governance mechanisms, and litigation on value creation. The research method used is a quantitative approach with panel data analysis, involving all companies listed on the Indonesia Stock Exchange and have experienced delays in submitting audit financial reports and receiving Warning Letters from the Financial Services Authority during the period 2018 to 2023. The data analysis techniques used are descriptive statistics, classical assumption tests, and multiple linear regression analysis using the Stata application.. The research findings show that audit fees have a significant positive effect on audit report late, signalling that high audit fees are often associated with audit report late. In contrast, independent commissioners have a significant negative effect on audit report late, indicating that their presence accelerates audit completion. However, independent audit committees do not show a significant effect on audit report late. Litigation is shown to have a positive influence on audit report late, as a result of legal risks that require a more detailed audit. In terms of value creation, audit fee, independent commissioner, and independent audit committee do not show significant influence, while litigation also does not affect value creation directly. However, audit report late has a significant positive effect on value creation, indicating that audit report late may reflect a commitment to the quality of information that supports value creation. Audit report late does not significantly mediate the relationship between audit fee and value creation, as well as between independent audit committee and value creation. However, audit report late mediates the relationship between independent commissioners and value creation negatively, and between litigation and value creation significantly. The results of this study provide several significant research contributions (novelty) in science that are useful for academics and practitioners. First, this study develops a more comprehensive value creation variable measurement framework by integrating financial and non-financial aspects, thus presenting a new, more comprehensive perspective in measuring company performance. Second, this study introduces a new variable called audit report late (ARLt), which integrates the concept of audit report lag and regulation on the late submission of audit reports. This variable is measured using an ordinal scale, through an approach that is rarely explored and often overlooked in previous research. This approach allows for a more in-depth analysis of company data, resulting in more accurate and relevant findings in identifying factors that influence audit report lags. Third, this study introduces the audit report late theory which offers a new perspective in agency theory. This theory emphasises how auditors utilise audit duration as a strategic move to improve financial statement accuracy, protect shareholder interests, and manage litigation risk. This approach shifts the traditional focus from internal factors, such as audit fees, to more complex external factors, such as litigation, that influence audit quality and value creation. Fourth, this research model explores the relationship of litigation to audit report late as well as the relationship of litigation to value creation in Indonesia, an area that has received limited attention from previous researchers who have focused on the concept of conservatism (litigation risk). This study makes a significant contribution by presenting empirical evidence that is still rarely studied, enriching the understanding of how litigation affects audit report late and how litigation affects value creation, and opening up opportunities for further research in the fields of auditing, financial reporting, and corporate litigation, thereby broadening perspectives in the study of audit and corporate dynamics. This novelty also strengthens the role of agency theory, especially in the context of how audit fees, corporate governance mechanisms (independent commissioners, independent audit committees) and litigation can affect audit report late and value creation. This research not only deepens, but also extends the theoretical and practical foundations in auditing and corporate governance, providing new insights in understanding the dynamics between these factors in the context of Indonesian companies.
| Item Type: | Thesis (Doktoral) | |||||||||
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| Additional Information: | Penelitian ini bertujuan untuk memberikan bukti empiris tentang pengaruh pengaruh audit fee, corporate governance mechanism (diproksikan dengan komisaris independen, komite audit independen), dan litigasi terhadap audit report late dan value creation, serta untuk mengevaluasi peran audit report late dalam memediasi pengaruh variabel audit fee, corporate governance mechanism, dan litigasi terhadap value creation. Metode penelitian yang digunakan adalah pendekatan kuantitatif dengan analisis data panel, yang melibatkan seluruh perusahaan yang terdaftar di Bursa Efek Indonesia dan pernah mengalami keterlambatan dalam menyampaikan laporan keuangan audit serta menerima Surat Peringatan dari Otoritas Jasa Keuangan selama periode 2018 hingga 2023. Teknik analisis data yang digunakan adalah statistik deskriptif, uji asumsi klasik, dan analisis regresi linier berganda dengan menggunakan aplikasi Stata. Temuan penelitian menunjukkan bahwa audit fee berpengaruh positif signifikan terhadap audit report late, menandakan bahwa audit fee yang tinggi sering kali berkaitan dengan audit report late. Sebaliknya, komisaris independen berpengaruh negatif signifikan terhadap audit report late, menunjukkan bahwa keberadaan mereka mempercepat penyelesaian audit. Namun, komite audit independen tidak menunjukkan pengaruh signifikan terhadap audit report late. Litigasi terbukti memiliki pengaruh positif terhadap audit report late, akibat dari risiko hukum yang memerlukan audit yang lebih mendetail. Dalam hal value creation, audit fee, komisaris independen, dan komite audit independen tidak menunjukkan pengaruh signifikan, sementara litigasi juga tidak mempengaruhi value creation secara langsung. Meski demikian, audit report late berpengaruh positif signifikan terhadap value creation, mengindikasikan bahwa keterlambatan laporan audit mungkin mencerminkan komitmen terhadap kualitas informasi yang mendukung value creation. Audit report late tidak signifikan memediasi hubungan antara audit fee dan value creation, serta antara komite audit independen dan value creation. Namun, audit report late memediasi hubungan antara komisaris independen dan value creation secara negatif, serta antara litigasi dan value creation secara signifikan. Hasil penelitian ini memberikan beberapa kontribusi penelitian (novelty) signifikan dalam ilmu pengetahuan yang bermanfaat bagi akademisi dan praktisi. Pertama, penelitian ini mengembangkan kerangka pengukuran variabel value creation yang lebih komprehensif dengan mengintegrasikan aspek keuangan dan non-keuangan, sehingga menghadirkan perspektif baru yang lebih menyeluruh dalam mengukur kinerja perusahaan. Kedua, penelitian ini memperkenalkan variabel baru yang dinamakan audit report late (ARLt), yang mengintegrasikan konsep audit report lag dan regulasi atas keterlambatan penyampaian laporan audit. Variabel ini diukur menggunakan skala ordinal, melalui pendekatan yang jarang dieksplorasi dan sering terabaikan dalam penelitian sebelumnya. Pendekatan ini memungkinkan analisis yang lebih mendalam terhadap data perusahaan, sehingga menghasilkan temuan yang lebih akurat dan relevan dalam mengidentifikasi faktorfaktor yang mempengaruhi keterlambatan laporan audit. Ketiga, penelitian ini memperkenalkan teori keterlambatan laporan audit (audit report late theory) yang menawarkan perspektif baru dalam teori agensi. Teori ini menekankan bagaimana auditor memanfaatkan durasi audit sebagai langkah strategis untuk meningkatkan akurasi laporan keuangan, melindungi kepentingan pemegang saham, dan mengelola risiko litigasi. Pendekatan ini menggeser fokus tradisional yang lebih menekankan pada faktor internal seperti audit fee, menuju faktor eksternal yang lebih kompleks, seperti litigasi, yang turut mempengaruhi kualitas audit dan value creation. Keempat, model penelitian ini mengeksplorasi hubungan litigasi terhadap audit report late serta hubungan litigasi terhadap value creation di Indonesia, sebuah area yang masih sangat terbatas dan kurang mendapat perhatian dari peneliti sebelumnya yang masih terfokus pada konsep konservatisme (risiko litigasi). Penelitian ini memberikan kontribusi signifikan dengan menyajikan bukti empiris yang masih jarang diteliti, memperkaya pemahaman tentang bagaimana litigasi mempengaruhi audit report late dan bagaimana litigasi mempengaruhi value creation, serta membuka peluang bagi penelitian lanjutan dalam bidang audit, pelaporan keuangan, dan litigasi perusahaan, sehingga memperluas perspektif dalam kajian audit dan dinamika perusahaan. Kebaruan ini turut memperkuat peran teori agensi, khususnya dalam konteks bagaimana audit fee, corporate governance mechanism (komisaris independen, komite audit independen) dan litigasi dapat mempengaruhi audit report late dan value creation. Penelitian ini tidak hanya memperdalam, tetapi juga memperluas fondasi teoritis dan praktis di bidang auditing dan corporate governance, memberikan wawasan baru dalam memahami dinamika antara faktor-faktor tersebut dalam konteks perusahaan Indonesia. | |||||||||
| Uncontrolled Keywords: | audit fees, corporate governance mechanisms, litigation, audit report delay, value creation. audit fee, corporate governance mechanism, litigasi, audit report late, value creation. | |||||||||
| Subjects: | H Social Sciences > HF Commerce H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance |
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| Divisions: | 08-Pascasarjana > 7783-ILMU AKUNTANSI PROGRAM DOKTOR (S3) 05-Fakultas Ekonomi dan Bisnis |
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| Depositing User: | MR Nawang Kalbuana | |||||||||
| Date Deposited: | 10 Mar 2025 01:56 | |||||||||
| Last Modified: | 10 Mar 2025 01:56 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/47610 |
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