The Effect of Independent Commissioners, Liquidity, and Information Asymmetry on Earnings Quality with the Audit Committee as a Moderating Variable
(An Empirical Study of Technology Sector Companies Listed on the Indonesia Stock Exchange 2020-2024 Period)
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Deysa Rosiana Arief*
Agung Dharmawan Buchdadi
Muhammad Yusuf
A key metric for evaluating corporate financial performance is earnings quality, which denotes the trustworthiness of accounting information for decision-makers. However, practical factors like governance flaws, financial standing, and information gaps between managers and outsiders can affect this quality. This underscores the significance of studying what shapes earnings quality and how the audit committee might strengthen relevant influences. Utilizing panel data from 80 technology sector companies on the IDX, this quantitative study examines drivers of earnings quality. It assesses the effects of commissioner independence, liquidity, and information asymmetry, while also testing the audit committee's potential moderating influence. The regression outcomes, however, present a clear dichotomy. A significant impact is solely attributable to liquidity. The purported effects of commissioner independence, information asymmetry, and the audit committee (both directly and as a moderator) are found to be statistically insignificant. Further, moderated regression analysis (MRA) confirms that the audit committee does not strengthen or weaken the influence of the other three variables on earnings quality. These results, derived from descriptive, assumption, and regression testing, point to a key conclusion: successful corporate governance is determined less by its formal framework and more by how effectively it is practiced.
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