Pengaruh asimetri informasi dan analyst coverage terhadap konservatisme akuntansi

Abstract

The purpose of this study is to examine the effect of information asymmetry and analyst coverage toward accounting conservatism which. The net assets measures approach is used to measure accounting conservatism. While, the information asymmetry is measured with bid-ask spread and analyst coverage using proxy analyst following. The samples of this research are manufacturing companies listed on Indonesia stock exchange 2010-2014. The data gathered using the purposive random sampling method and the financial statement report of 124 companies are selected. The result provide evidence there is a positive correlation between asymmetric information and analyst coverage toward accounting conservatism. It indicates that the higher level information asymmetry between insider and outsider investor and the more analyst follow the firm then the higher level of accounting conservatism in the firm's financial statements. This research is expected to provide input for regulators and standard setters regarding the important role of accounting conservatism so that no attempt to eliminate them in accounting practice. In addition, the results of this study are expected to provide information on the role of analysts as the party that encourages the presentation of accurate financial statements so as to reduce information asymmetry and minimize opportunistic behavior of managers.