PENGARUH PYRAMID OF STRUCTURE DAN PENGUNGKAPAN TRANSAKSI PIHAK BERELASI TERHADAP TINDAKAN EKSPROPRIASI, DIMODERASI OLEHTATA KELOLA PERUSAHAAN

The objective of this study is to analyze the effect of company’s ownership through pyramid structure, and
related party transaction disclousure, on expropriation practices, with corporate governance as
moderating variable. The concept of expropriation practices in this study is measured by related party
transaction assets, liabilities (RPT AL) and related party transaction sales, expenses (RPT SE).
Analytical technique used is hierarchical regression analysis for testing hypotheses developed in this
study. Research population is a manufacturing company listed in Indonesia Stock Exchange (IDX) during
years 2014-2016, and the sample is selected using purposive sampling method. The results of this study
fails to prove effect of company’s ownership through pyramid structure, and related party transaction
disclousure on expropriation practices. Furthermore, this study indicates the corporate governance can
to increase the level of related party transactions disclosure, but has not been to reduce the expropriation
practices caused by company’s ownership through pyramid structure. This study contributes to the
theory of agency type II which discusses conflict of interest between controlling and non-controlling
shareholders, especially the problem of information asymmetry, which can be minimized by the role of
corporate governance.
Article Metrics:
Last update: 2021-03-07 09:13:19
Last update: 2021-03-07 09:13:19
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).