Main Article Content
This study aims to examine the role of independent commissioners in moderating the effect of institutional ownership on sales to related parties. This research is a sample study, which includes 207 companies from 510 manufacturing sector companies during the 2017-2019 observation year. The sample was selected with certain criteria techniques. The analytical method used is moderated regression analysis. The results of the study found that institutional ownership had no significant effect on sales to related parties. The independent commissioner moderated the homologizer moderated the influence of institutional ownership on sales to related parties.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
An author Â who publishes inÂ the Â Jurnal Manajemen Teknologi agrees to the following terms:
- Author retains the Â copyright and grants the journal the right of first publication of Â the work simultaneously licensed under the 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.
- Author is Â 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 the Â acknowledgement of its initial publication in this journal.
- Author is Â permitted and encouraged to post his/her Â 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 the published work (See The Effect of Open Access).
Jurnal Ekonomi Manajemen Teknologi (EMT) KITA byÂ http://journal.lembagakita.org/index.php/emt/indexÂ is licensed under aÂ Creative Commons Attribution-ShareAlike 4.0 International License.
Bansal, S., & Thenmozhi, M. (2020). Does Concentrated Founder Ownership Affect Related Party Transactions? Evidence from an Emerging Economy. Research in International Business and Finance, 53(December 2018), 101206. https://doi.org/10.1016/j.ribaf.2020.101206
Chen, S., Wang, K., & Li, X. (2012). Product market competition, ultimate controlling structure and related party transactions. China Journal of Accounting Research, 5(4), 293–306. https://doi.org/10.1016/j.cjar.2012.11.001
Chung, H., Choi, S., & Jung, W. O. (2019). Controlling shareholders’ tax incentives and related party transactions. Pacific Basin Finance Journal, 57(July), 101181. https://doi.org/10.1016/j.pacfin.2019.101181
Ermad, E. (2012). Pengaruh Tangibility, Pertumbuhan Penjualan, Profitabilitas, dan Kepemilikan Institusional terhadap Struktur Modal pada Perusahaan Industri Dasar dan Kimia yang terdaftar di Bursa Efek Indonesia (Phdthesis). Tesis. Banda Aceh: Program Studi Magister Akuntansi Program Pasca Sarjana.
Ermad, E., & Umar, Z. (2021). BISMA Cendekia Impact of Corporate Governance , Financial Leverage , and Sales Growth on Tax Avoidance of Manufacturing Sector Companies Listed on the Indonesia Stock Exchange. 1(2), 6–13.
Felix, & Hanna. (2020). The Effect of Governance, Disclosure Levels, and Audit Quality Toward The Magnitude of Related Party Transaction. Klabat Accounting Review, 1(1), 1–13. Retrieved from https://doi.org/10.24843/EJA.2019.v29.i02.p08
Habib, A., Muhammadi, A. H., & Jiang, H. (2017). Political Connections and Related Party Transactions: Evidence from Indonesia. International Journal of Accounting, 52(1), 45–63. https://doi.org/10.1016/j.intacc.2017.01.004
Hwang, S., & Kim, W. (2016). When heirs become major shareholders: Evidence on pyramiding financed by related-party sales. Journal of Corporate Finance, 41, 23–42. https://doi.org/10.1016/j.jcorpfin.2016.08.013
Jessica, A., Fikri, A., & Isnaini, Z. (2017). Pengaruh Kepemilikan Pengendali Terhadap Transaksi Pihak Berelasi Yang Dimoderasi Praktek Corporate Governance. Jurnal Riset Akuntansi, 16(1), 1–13. Retrieved from https://garuda.ristekbrin.go.id/documents/detail/1016402
Kang, M., Lee, H. Y., Lee, M. G., & Park, J. C. (2014). The association between related-party transactions and control-ownership wedge: Evidence from Korea. Pacific Basin Finance Journal, 29, 272–296. https://doi.org/10.1016/j.pacfin.2014.04.006
Lin, Y. R., & Fu, X. M. (2017). Does institutional ownership influence firm performance? Evidence from China. International Review of Economics and Finance, 49(October 2016), 17–57. https://doi.org/10.1016/j.iref.2017.01.021
Sari, N. A., & Artinah, B. (2018). Faktor penentu transaksi pihak berelasi : struktur kepemilikan dan tingkat pengungkapan. Jurnal Ilmiah Bisnis Dan Keuangan, 8(2), 71–78.
Sugiono, S. (2004). Konsep, Identifikasi, Alat Analisis dan Masalah Penggunaan Variabel Moderator [JOUR]. Jurnal Studi Manajemen Organisasi, 1(2), 61–70.
Utama, C. A. (2015). Penentu Besaran Transaksi Pihak Berelasi: Tata Kelola, Tingkat Pengungkapan, Dan Struktur Kepemilikan. Jurnal Akuntansi Dan Keuangan Indonesia, 11(1), 37–54. https://doi.org/10.21002/jaki.2015.03
Yeh, Y. H., Shu, P. G., & Su, Y. H. (2012). Related-party transactions and corporate governance: The evidence from the Taiwan stock market. Pacific Basin Finance Journal, 20(5), 755–776. https://doi.org/10.1016/j.pacfin.2012.02.003