Geraldina, Ira and Wallad, Javier Rasyadputra and Syahputra, Rafly Raditya How BOC's Duality and Political Connection Affect Fraud at SOEs? In: 13th Global Conference on Business and Social Sciences, Malaysia.
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Abstract
How BOC's Duality and Political Connection Affect Fraud at SOEs?Ira Geraldina , Javier Rasyadputra Wallad , Rafly Raditya SyahputraUniversitas Terbuka, Jalan Cabe Raya PondokCabe, 15418, Tangerang Selatan, IndonesiaSTIE Indonesia Banking School, Jl. Kemang Raya No. 35, 12730, Jakarta Selatan, IndonesiaDOI:https://doi.org/10.35609/gcbssproceeding.2022.1(22)ABSTRACTThe purpose of this study is to examine the effect of BOC's duality and political connection on fraudulent financial statement at State-Owned Enterprises (SOEs) in Indonesia. This study used 86 observations of SOEs that are listed on Indonesia Stock Exchange during the period of 2015-2019. Using panel data estimation, this study surprisingly finds that BOC's duality has negative effect on fraudulent financial statement. In addition, political connection has positive effect on fraudulent financial statement. These findings suggest independent boards who hold dual positions have incentive to maintain their reputation, thereby decreasing fraudulent financial statement. However, independent boards who have political connections cannot overcome their conflicts of interest, so they are unable to carry out their supervisory functions properly.
| Item Type: | Conference or Workshop Item (Paper) |
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| Additional Information (ID): | 22/S0032.pdf |
| Uncontrolled Keywords: | BOC's duality; fraudulent financial statement; political connection; corporate governance |
| Subjects: | 300 Social Science > 320-329 Political and Government Science (Ilmu Politik dan Pemerintahan) |
| Divisions: | Koleksi Digital > Artikel |
| Depositing User: | CR Cherrie Rachman |
| Date Deposited: | 09 Aug 2022 05:04 |
| Last Modified: | 02 Oct 2023 07:01 |
| URI: | http://repository.ut.ac.id/id/eprint/9966 |
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