Board of Directors and Financial Restatement: Evidence from The Two-Tier System

N. W. Rustiarini, Ni Putu Shinta Dewi, Ni Made Sunarsih
{"title":"Board of Directors and Financial Restatement: Evidence from The Two-Tier System","authors":"N. W. Rustiarini, Ni Putu Shinta Dewi, Ni Made Sunarsih","doi":"10.15294/aaj.v12i2.68995","DOIUrl":null,"url":null,"abstract":"Purpose : This study investigates the role of the characteristics of the Board of Directors (BoD) on financial restatements. The characteristics are reviewed based on board tenure, board size, board independence, female board, foreign board member, board level education, board accounting expertise, and dual board position. Method : The research sample is a manufacturing company on the Indonesia Stock Exchange for 2017-2021. The analytical tool used is logistic regression. Findings : This study found that five board characteristics negatively affect financial restatements: board tenure, board size, board independence, female board, and board accounting expertise. On the other hand, a dual position has a positive effect on financial restatements. Meanwhile, foreign board and board education do not significantly affect financial restatements. Novelty : First, considering BoD as a decision maker in the company, board characteristics influence group dynamics in collaboration and communication to implement corporate governance. Second, studies that analyze the impact of executive boards on financial statements still need to be expanded, especially in Indonesia, which adheres to a two-tier system. Third, previous studies that examine the role of BoD and financial restatements have provided contradictory evidence, and many studies still need to prove the effectiveness of the BoDs’ characteristics on financial restatements. Keywords : Director; Female; Restatement","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"45 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounting Analysis Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.15294/aaj.v12i2.68995","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

Purpose : This study investigates the role of the characteristics of the Board of Directors (BoD) on financial restatements. The characteristics are reviewed based on board tenure, board size, board independence, female board, foreign board member, board level education, board accounting expertise, and dual board position. Method : The research sample is a manufacturing company on the Indonesia Stock Exchange for 2017-2021. The analytical tool used is logistic regression. Findings : This study found that five board characteristics negatively affect financial restatements: board tenure, board size, board independence, female board, and board accounting expertise. On the other hand, a dual position has a positive effect on financial restatements. Meanwhile, foreign board and board education do not significantly affect financial restatements. Novelty : First, considering BoD as a decision maker in the company, board characteristics influence group dynamics in collaboration and communication to implement corporate governance. Second, studies that analyze the impact of executive boards on financial statements still need to be expanded, especially in Indonesia, which adheres to a two-tier system. Third, previous studies that examine the role of BoD and financial restatements have provided contradictory evidence, and many studies still need to prove the effectiveness of the BoDs’ characteristics on financial restatements. Keywords : Director; Female; Restatement
董事会与财务重述:来自两级系统的证据
目的:本研究探讨了董事会(BoD)的特征对财务重述的影响。根据董事会任期、董事会规模、董事会独立性、女性董事会成员、外籍董事会成员、董事会教育水平、董事会会计专业知识和双重董事会职位对这些特征进行审查。 方法:研究样本为 2017-2021 年在印度尼西亚证券交易所上市的制造业公司。使用的分析工具是逻辑回归。 研究结果:本研究发现,董事会的五个特征对财务重述有负面影响:董事会任期、董事会规模、董事会独立性、女性董事会和董事会会计专业知识。另一方面,双重职位对财务重述有积极影响。同时,外国董事会和董事会教育程度对财务重述没有显著影响。 新颖性:首先,考虑到董事会是公司的决策者,董事会的特征会在合作与沟通中影响实施公司治理的群体动力。其次,分析执行董事会对财务报表影响的研究仍需扩大,尤其是在实行两级制的印度尼西亚。第三,以往关于董事会和财务重述作用的研究提供了相互矛盾的证据,许多研究仍需证明董事会特征对财务重述的有效性。 关键词 :董事;女性;重述
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
审稿时长
24 weeks
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信