PENGUNGKAPAN RISIKO FINANSIAL DAN TATA KELOLA PERUSAHAAN: STUDI EMPIRIS PERBANKAN INDONESIA
Jurusan Akuntansi Fakultas Ekonomi Universitas Sebelas Maret, Surakarta
Jl. Ir. Sutami 36A Surakarta, 57126
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The purpose of this study was to examine the effect of corporate governance to financial risk disclosures of Indonesian banks. Corporate governance was identified as the board size, the number of board meetings, the proportion of independent commissioners, the proportion of independent audit committee members and number of audit committee meetings. This study also used leverage and profitability as control variable. The level of financial risk disclosure was measured based on identified items of a circular enclosure of Bank Indonesia No.5/21/DPNP/2003. Under purposive sampling, secondary data of 60 annual reports year 2007-2009 of banks in Indonesian Stock Exchange were selected. The average level of financial risk disclosures was at 46.50%. It indicated that Indonesian’s banks were not fully compliance to regulations since financial risk disclosures were as mandatory matters. The result of multiple regression showed that corporate governance affected the level of financial risk disclosure through the variable board size and the number of board meetings. The important role in implementing tata kelola perusahaan(company management) was at the board of commissioners who served as supervisors of activities and performance of banks as well as advisory directors in ensuring that companies implemented good corporate governance, including financial risk disclosures (Komite Nasional Kebijakan Governance, 2006).
Key words: corporate governance, financial risk disclosures, banking