Pengaruh Dimensi Kualitas Audit terhadap Kompensasi CEO dengan Karakteristik CEO sebagai Variabel Moderasi
Article Sidebar
Main Article Content
Abstract
Penelitian ini mengkaji pengaruh kualitas komite audit terhadap kompensasi CEO, dengan karakteristik CEO sebagai variabel moderator. Dimensi-dimensi kualitas komite audit yang diteliti meliputi keragaman gender perempuan, ukuran komite, independensi, dan ketekunan, yang diukur berdasarkan frekuensi rapat komite. Penelitian ini menggunakan pendekatan penelitian kuantitatif dengan data sekunder yang dikumpulkan dari laporan tahunan dan laporan keberlanjutan perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2021–2024. Setelah menerapkan kriteria pengambilan sampel yang telah ditentukan sebelumnya, total 124 pengamatan perusahaan-tahun dianalisis. Analisis regresi data panel dilakukan menggunakan EViews 12 untuk menguji hubungan di antara variabel-variabel tersebut. Temuan empiris menunjukkan bahwa keragaman gender perempuan dalam komite audit, independensi, dan ketekunan tidak memiliki pengaruh yang signifikan secara statistik terhadap kompensasi CEO. Sebaliknya, ukuran komite audit memiliki pengaruh negatif yang signifikan terhadap kompensasi CEO, yang menunjukkan bahwa komite audit yang lebih besar dikaitkan dengan tingkat remunerasi CEO yang lebih rendah. Selain itu, karakteristik CEO tidak secara signifikan memperkuat atau melemahkan hubungan antara kualitas komite audit dan kompensasi CEO. Temuan ini berkontribusi pada literatur tata kelola perusahaan dengan memberikan bukti empiris mengenai peran kualitas komite audit dalam menentukan kompensasi eksekutif di industri pertambangan Indonesia serta menawarkan wawasan praktis bagi perusahaan dan pembuat kebijakan yang berupaya meningkatkan praktik tata kelola dan kebijakan kompensasi.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
Al-Matari, E. M., Al-Swidi, A. K., & Fadzil, F. H. B. (2014). Audit committee characteristics and executive committee characteristics and firm performance in Oman: Empirical study. Asian Social Science, 10(12), 98–113. https://doi.org/10.5539/ass.v10n12p98
Alkebsee, R. H., Habib, A., Huang, H. J., & Tian, G. (2022). The gender-diverse audit committee and audit report lag: Evidence from China. International Journal of Auditing, 26(2), 314–337. https://doi.org/10.1111/ijau.12278
Alzoubi, E. S. S. (2019). Audit committee, internal audit function and earnings management: Evidence from Jordan. Meditari Accountancy Research, 27(1), 72–90. https://doi.org/10.1108/MEDAR-06-2017-0160
Baltagi, B. H. (2021). Econometric analysis of panel data (6th ed.). Springer. https://doi.org/10.1007/978-3-030-53953-5
Bivens, J., Gould, E., & Kandra, J. (2024, September 19). CEO pay declined in 2023: But it has soared 1,085% since 1978 compared with a 24% rise in typical workers’ pay. Economic Policy Institute. https://www.epi.org/publication/ceo-pay-in-2023/
Brahma, S., & Economou, F. (2024). CEO power and corporate strategies: A review of the literature. Review of Quantitative Finance and Accounting, 62(3), 1069–1143. https://doi.org/10.1007/s11156-023-01231-7
Edeh, O. P., Akpadaka, O. S., Farouk, M. A., & Fodio, M. I. (2025). CEO dynamics and real earnings management: A gender diversity perspective from Sub-Saharan Africa. Journal of Risk and Financial Management, 18(7), 378. https://doi.org/10.3390/jrfm18070378
El-Deeb, M. S., Alarabi, Y., & Mohamed, A. (2024). The role of audit committee characteristics in improving the risk disclosure of companies examining the moderating role of audit quality. Future Business Journal, 10, 130. https://doi.org/10.1186/s43093-024-00417-2
El-Deeb, M. S., & Mohamed, L. (2024). The moderating role of board gender diversity on the association between audit committee attributes and integrated reporting quality. Future Business Journal, 10, 85. https://doi.org/10.1186/s43093-024-00340-6
Frydman, C., & Jenter, D. (2010). CEO compensation. Annual Review of Financial Economics, 2, 75–102. https://doi.org/10.1146/annurev-financial-120209-133958
Hambrick, D. C., & Mason, P. A. (1984). Upper echelons: The organization as a reflection of its top managers. Academy of Management Review, 9(2), 193–206. https://doi.org/10.5465/amr.1984.4277628
Herawati, S., & Bernawati, Y. (2020). The influence of CEO turnover and committee audit characteristic toward audit fees. Jurnal Akuntansi, 24(2), 266–279. https://doi.org/10.24912/ja.v24i2.696
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
Kalembe, D., Kaawaase, T. K., Kayongo, I. N., Matama, R., & Ngoboka, P. (2024). Audit committee effectiveness and earnings quality: Perception-based evidence from Uganda. Advances in Research, 25(1), 78–98. https://doi.org/10.9734/AIR/2024/v25i11021
Mishra, C. S. (2025). Board gender diversity and CEO compensation: Strengthening governance and pay-performance sensitivity. The Quarterly Review of Economics and Finance, 102, 102009. https://doi.org/10.1016/j.qref.2025.102009
Nawaz, T. (2022). How much does the board composition matter? The impact of board gender diversity on CEO compensation. Sustainability, 14(18), 11719. https://doi.org/10.3390/su141811719
Nawaz, T., & Pang, A. (2022). Determinants of CEO compensation in the FTSE100 constituent firms. International Journal of Business Governance and Ethics, 16(4), 420–436. https://doi.org/10.1504/IJBGE.2022.126176
Okolo, M. N., & Sinebe, M. T. (2024). Dimensions of audit committee quality and CEO compensation: Examining the linear relationship. International Journal of Economics and Financial Issues, 15(1), 378–385. https://doi.org/10.32479/ijefi.17935
Oradi, J., & Izadi, J. (2020). Audit committee gender diversity and financial reporting: Evidence from restatements. Managerial Auditing Journal, 35(1), 67–92. https://doi.org/10.1108/MAJ-10-2018-2048
Otoritas Jasa Keuangan. (2014). Peraturan Otoritas Jasa Keuangan Nomor 34/POJK.04/2014 tentang Komite Nominasi dan Remunerasi Emiten atau Perusahaan Publik.
Otoritas Jasa Keuangan. (2015). Peraturan Otoritas Jasa Keuangan Nomor 55/POJK.04/2015 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit.
Sanders, S., & Nugraheni, B. L. Y. (2024). The impact of audit committees and Chief Executive Officer characteristics on real earnings management. Journal of Management and Business Environment, 1(1), 13–33. https://doi.org/10.24167/jmbe.v1i1.12036
Sappaile, B. I. (2010). Konsep penelitian ex-post facto. Jurnal Pendidikan Matematika, 1(2), 105–113.
Song, W.-L., & Wan, K.-M. (2019). Does CEO compensation reflect managerial ability or managerial power? Evidence from the compensation of powerful CEOs. Journal of Corporate Finance, 56, 1–14. https://doi.org/10.1016/j.jcorpfin.2018.11.009
Syafika, D. I., & Cahyonowati, N. (2025). Pengaruh remunerasi direksi dan dewan komisaris terhadap kinerja keuangan perusahaan: Studi empiris pada perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia tahun 2020–2022. Diponegoro Journal of Accounting, 14(1).
van Essen, M., Otten, J., & Carberry, E. J. (2015). Assessing managerial power theory: A meta-analytic approach to understanding the determinants of CEO compensation. Journal of Management, 41(1), 164–202. https://doi.org/10.1177/0149206311429378
Wahyoedi, A. P., Andrestio, S., Yuliati, R., & Sinaga, R. (2024). Female representative in audit committee and audit fees: Evidence from Indonesia. Wiga: Jurnal Penelitian Ilmu Ekonomi, 14(1), 159–171. https://doi.org/10.30741/wiga.v14i1.1120
Wooldridge, J. M. (2010). Econometric analysis of cross section and panel data (2nd ed.). MIT Press.