The Effect of Institutional Ownership, Independent Commissioners and Debt Policy on Financial Statement Integrity

Main Article Content

Leni Suzan
Melly Juwita Nasution


There are still many reporting incidents carried out by many parties, making it difficult for investors to make decisions because the integrity of financial reports cannot be trusted. The purpose of this study is to disentangle the partially and simultaneously impacts of institutional ownership, independent commissioners, and debt policy on the reliability of financial statements. This article's secondary data came from the Indonesia Stock Exchange. The population in the study for the years 2017-2021, the sample comprises of 20 coal-focused mining companies trading on the Indonesia Stock Exchange. The study sample was selected by a process of purposive sampling. In this study, the data was analyzed using panel data regression analysis in Eviews 12. The results suggest that independent commissioners, institutional ownership, and debt policy all play significant roles in determining the reliability of financial reporting. Institutional Ownership and Debt Policy partially have a significant effect on the Integrity of the Financial Statements, while the Independent Commissioner does not affect the Integrit  y of the Financial Statements. Considering that the adjusted R square rate value is only 0.65 percent and the rest is caused by other variables that may have a greater influence on the application of accounting conservatism, researchers are advised to test other variables that have a greater influence on accounting conservatism, either directly or through use of different proxies such as caution. Management should re-evaluate the role of independent commissioners in managing corporate governance if they want to increase the reliability of financial reports.

Article Details



Abbas, D. S., Ismail, T., Taqi, M., & Yazid, H. (2021). The influence of independent commissioners, audit committee and company size on the integrity of financial statements. Studies & Applied Economics Estudios de Economia Aplicada, 39(10).
Alma Sukma Dewi, Ni Wayan Rustiarini, & Ni Putu Shinta Dewi. (2022). Pengaruh Kepemilikan Institusional, Komisaris Independen, Komite Audit Dan Kualitas Audit Terhadap Integritas Laporan Keuangan. Jurnal Kharisma, 4(1), 353–362. Https://Doi.Org/10.55606/Jupsim.V2i1.789
Fatin, A. N., & Suzan, L. (2022). Pengaruh ukuran perusahaan, leverage, komisaris independen dan kepemilikan manajerial terhadap integritas laporan keuangan. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(2), 733–741.
Hery. (2018). Analisis laporan keuangan Integrated and comprehensive edition. PT Grasindo.
Ikatan Akuntan Indonesia. (2017). PSAK No. 1 Efektif Per 1 Januari 2017. Ikatan Akuntan Indonesia.
Indrasti, A. W. (2020). Peran Komisaris Independen, Kepemilikan Institusional, Kebijakan Hutang Serta Ukuran Perusahaan terhadap Integritas Laporan Keuangan. Jurnal Ekonomika Dan Manajemen, 9(2), 152–163.
Istiantoro, I., Paminto, A., & Ramadhani, H. (2018). Pengaruh Struktur Corporate Governance terhadap Integritas Laporan Keuangan Perusahaan pada Perusahaan LQ45 yang Terdaftar di BEI. Akuntabel, 14(2), 157.
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. Journal of Financial Economics 3 (1976) 305-360, 3, 305–360.
Kristanti, F. T., Effendi, N., Herwany, A., & Febrian, E. (2016). Does Corporate Governance Affect the Financial Distress of Indonesian Company? A Survival Analysis Using Cox Hazard Model with Time-Dependent Covariates. Advanced Science Letters, 22, 4326–4329.
Marpaung, A. Y. K., Tinambunan, L. R., Bangun, I. N., & Simorangkir, E. N. (2021). Pengaruh Komisaris Independen, Komite Audit, Kepemilikan Institusional Dan Kualitas Audit Terhadap Integritas Laporan Keuangan Di Perusahaan Sub Sektor Transportasi Yang Terdaftar Di Bei Tahun 2017-2019. Costing:Journal of Economic, Business and Accounting, 5(1), 160–168.
Melani, A., & Tulus, B. Y. (2019). Adaro Tersandung Kasus Dugaan Penggelapan Pajak USD 14 Juta Tiap Tahun Sejak 2009. Merdeka.Com.
Nabilah. (2019). Peran Manajemen Laba, Ukuran Perusahaan Dan Kebijakan Hutang Dalam Menentukan Integritas Laporan Keuangan Pada Pt. Transka Dharma Konsultan Bandung. 1(1), 1–13.
Novianti, S., & Isynuwardhana, D. (2021). Pengaruh Komisaris Independen, Leverage, Dan Kepemilikan Institusional Terhadap Integritas Laporan Keuangan. JURNAL PENDIDIKAN AKUNTANSI DAN KEUANGAN, 9(1), 64–73.
Novriansa, A. (2019). Analisis Transfer Pricing Sektor Pertambangan Rawan Manipulasi Transfer Pricing? DDTC News.
Putri, M. N., Gustati, & Andriani, W. (2022). Faktor-Faktor yang Mempengaruhi Integritas Laporan Keuangan ( Studi Kasus pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2017-2020 ). JABEI (Jurnal Akuntansi, Bisnis Dan Ekonomi Indonesia), 1(1), 8–14.
Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alphabet.
Suzan, L., & Wulan, D. (2022). Pengaruh Leverage, Kepemilikan Manajerial, Dan Ukuran Perusahaan Terhadap Integritas Laporan Keuangan. Jurnal Analisa Akuntansi Dan Perpajakan, Volume 6, Nomor 2, September 2022, Hlm 127- 140, 6(2), 127–140.
Wijaya, T. (2022). Pengaruh Komisaris Independen, Kualitas Audit Dan Financial Distress Terhadap Integritas Laporan Keuangan Pada Perusahaan Pertambangan Yang Terdaftar Di BEI Tahun 2018-2020 Trisnadi. Jurnal Ilmiah Ekonomi Dan Bisnis Universitas Multi Data Palembang, 11(2).
Yudiawan, I. N., Kepramareni, P., & Pradnyawati, S. O. (2022). Pengaruh Komisaris Independen, Komite Audit, Kepemilikan Institusional, Leverage Dan Ukuran Perusahaan Terhadap Integritas Laporan Keuangan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2018-2020. Jurnal Kharisma Vol., 4(3), 302–311.