Dodik Juliardi
Universitas Negeri Malang
Abstract: This study examine leverage and ownership concentration, audit quality, and its effect on firm s value and earning persistence between public manufacturing companies audited by Big four or non Bigfour auditor. The quality ofaccounting information was used as a reference for the stakeholders (investor, creditors, and analyst) in making decision. Samples for this study was 69 public manufacturing companies listed on Indonesia Stock Exchangefrom the year 2006 -2010. The data used in this study was secondary data. The study usedpath analysis to solve the research problem. Research was analyzed used by SPSS (Statistical Program for Social Science). Result showed that leverage had Significantly effect firm’s valueformaufacturingpubliccompaniesauditedbynonBigfourauditor only, butnotfor Bigfourauditor. Leverage hadnoinfluenceeffect onauditqualityforboth ofBigfourandNonBig four auditor. Ownership Concentration significantly negatively effect on audit quality for both clients ofBig four and NonBigfourauditor. Auditquality donotsignificantlyeffecton firm’svalue for both clients of bigfour and non Bigfour auditor. Audit quality do not effect earning persistence for clients audited by big four auditor, but audit quality significantly negathJe effect eaning persistence for only clients audited by non big four auditor. Ownership concentration posithJely effect earning persistence for both clients audited by big four auditor and non hig four auditor. Findings indicated that there was no different between Big four and Non big four auditor for all variables relation in the research model, exceptfor the relation between audit quality and earning persistence. This relation reveal that Non Big fourauditorhasbigroleorinterventiontothemanagementdecision inaccountingtreatment of whether earning is persistance or not.
Keywords: leverage, ownership concentration, audit quality, firm s value, earning
Artikel tersebut telah dipublikasikan dalam Jurnal Akuntansi Aktual Juni 2013. Download fullteks disini.