MEKANISME CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN KUALITAS LABA SEBAGAI VARIABEL INTERVENING
Freddy Semuel Kawatu
Fakultas Ekonomi Universitas Negeri Manado
Jl. Kampus UNIMA, Tondano 95618
Korespondensi dengan Penulis:
Freddy Semuel Kawatu: Telp + 62 431 321 845-7, Fax. +62 431 321 866
The objectives of the study were to investigate the relationship between corporate governance and earnings quality, earnings quality and value of the firm, corporate governance mechanism and value of the firm, and whether earnings quality was the intervening variable between corporate governance and value of the firm. By using 74 samples and 197 observations, the result indicated that first, corporate governance influenced earnings quality. (1)Managerial ownership positively influenced earnings quality, (2) Board of commissioner negatively influenced earnings quality, (3) Audit committee positively influenced earnings quality. Second, earnings quality positively influenced value of firm. Third, corporate governance mechanism influenced value of the firm. Finally, the result indicated that earnings quality was not the intervening variable between corporate governance mechanism and value of the firm.
Key words: corporate governance, earnings quality, discretionary accrual, corporate value