Corporate Governance, IFRS Disclosure, and Stock Liquidity in Indonesian Mining Companies

DOI

10.2991/aebmr.k.200205.047How to use a DOI?

Keywords

mandatory disclosure, stock liquidity, audit committee, board of commisioners, audit quality, institutional ownership

Abstract

The purposes of this article are to investigate the effect of good corporate governance mechanism, featured by a number of meetings conducted by audit committee, independency of the boards of commissioners, quality of auditors and institutional ownerships on the mandatory disclosure as required by IFRS and the effect of mandatory disclosure on stock liquidity. Two multiple regression models are used for a sample of 13 Indonesian Mining Companies listed on the Indonesia Stock Exchange. The data has been collected for 4 years to arrive at 52 data used in the data analysis. The first model is used to test factors associated with the level of mandatory disclosure. Then, the predicted value of mandatory disclosure generated by the first model is used as a determinant in the second model. The second model is set to determine the factors associated with stock liquidity. The result indicates that the number of meetings conducted by audit committee is significantly and positively associated with the level of mandatory disclosure; whereas other determinants do not have any significant association with the level of mandatory disclosure. The result also shows that the predicted value of mandatory disclosure is positively and significantly associated with stock liquidity.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Andian Ari Istiningrum
PY  - 2020
DA  - 2020/02/12
TI  - Corporate Governance, IFRS Disclosure, and Stock Liquidity in Indonesian Mining Companies
BT  - Proceedings of the 4th International Conference on Management, Economics and Business (ICMEB 2019)
PB  - Atlantis Press
SP  - 271
EP  - 278
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200205.047
DO  - 10.2991/aebmr.k.200205.047
ID  - Istiningrum2020
ER  -