Audit Committee Characteristic and Earnings Management: Evidence Based on Indonesian Firms
Table 3:
Model 1 | Model 2 | ||||
Da | Coef. | P>z | Da | Coef. | P>z |
Audit committee Independent | -2.77e+08 | 0.745 | Audit committee Independent | -4.39e+09 | 0.010* |
Audit Committee Expertise | -1.60e+09 | 0.000* | Audit Committee Meeting | -4.71e+08 | 0.000* |
Control Variable | Control Variable | ||||
Size | 4.91e+08 | 0.000* | Size | 5.95e+08 | 0.000* |
Leverage | -4.30e+07 | 0.035* | Leverage | -3.08e+07 | 0.215 |
Return on Asset | -6.22e+09 | 0.000* | Return on Asset | -4.15e+09 | 0.000* |
Market to Book Value | 3746501 | 0.825 | Market to Book Value | 3.24e+07 | 0.084 |
Constant | -8.17e+09 | 0.000* | Constant | -7.53e+09 | 0.000* |
*Level of significant 0.05Arellano-Bond test for AR(1) in first differences: z = -2.45 Pr > z = 0.014Arellano-Bond test for AR(2) in first differences: z = 1.30 Pr > z = 0.193Hansen test of overid. restrictions:chi2(24) = 32.58 Prob > chi2 = 0.113(Robust) | *Level of significant 0.05Arellano-Bond test for AR(1) in first differences: z = -2.26 Pr > z = 0.024Arellano-Bond test for AR(2) in first differences: z = 0.63 Pr > z = 0.528Hansen test of overid. restrictions: chi2(25) = 36.66 Prob > chi2 = 0.062(Robust) |