Konflik Kepentingan Klasik Bondholders-Shareholders Dengan Frame Konservatisme

Indraswono, Cahyo (2022) Konflik Kepentingan Klasik Bondholders-Shareholders Dengan Frame Konservatisme. MODUS, 34 (1). pp. 57-74. ISSN 0852-1875 / ISSN (Online) 2549-3787

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Abstract

Conflicts of interest often occur in business conditions because there are many stakeholders in it. This study aims to further examine the classical conflict of interest between bondholders-shareholders in a conservatism frame. This research is interesting because the sample taken is a company indexed by the LQ45 index of the Indonesia Stock Exchange with a data observation period of 2016-2020. The choice of the LQ45 index is an indicator of actively traded companies with the highest market capitalization listed on the stock exchange, so that a reflection of conflict is expected to be seen in various industrial sectors. Bondholders are those who benefit when the company is not too aggressive in running its business. The purpose of the bondholder in business is to ensure the availability of payments that can occur and are sustainable for debt. Shareholders are the parties who benefit when the company has an optimal level of profit. However, these benefits are obtained by making loans with third parties from some of the assets owned. This conflict occurs when the availability of dividend payments to shareholders increases and the availability of payments on debt decreases, so that in various cases bondholders often make efforts to limit dividend payments. The company's profitability is the beginning of the bondholder-shareholder conflict of interest in accounting conservatism. The results obtained from this study: (1). The classic bondholders-shareholder conflict of interest has no effect on the conservatism frame; (2). The company's profitability has a positive effect on the conservatism frame.

Item Type:	Article
Uncontrolled Keywords:	conservatism frame; classical conflict of interest bondholders-shareholders; profitability; leverage; Return on Asset
Subjects:	AKUNTANSI > Pasar Modal
Divisions:	Dosen STIE YKPN > Artikel > Jurnal
Depositing User:	Unnamed user with email webmaster@stieykpn.ac.id
Date Deposited:	01 Nov 2022 02:28
Last Modified:	02 Nov 2022 06:40
URI:	http://repositorybaru.stieykpn.ac.id/id/eprint/59

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