PENGARUH KARAKTERISTIK KOMITE AUDIT, KUALITAS AUDIT DAN PENGUNGKAPAN SUKARELA TERHADAP RETURN SAHAM PERUSAHAAN NON MANUFAKTUR DAN NON KEUANGAN YANG LISTING DI BURSA EFEK INDONESIA (BEI) PERIODE 2010-2014

Abstract

Stock return is important information for investors before deciding for investment in a company. Stock return also measured the wealthy of investor or stockholder. Previuos researches have been investigating, factors effect on  the stock return. Howevere, study on the effect of voluntary disclosure on stock return is still limited. This research examines the impact of audit comittee characteristics, audit quality and voluntary disclosure on stock return. Audit comittee characteristics are measured with audit committee size, audit comittee education background, audit comittee activity. Meanwhile, audit quality as measured by the audit from type. Voluntary disclosure is measured by voluntary disclosure indexs, while stock return is measured using capital gain plus and devidend yield. Population in this research are non manufacturing and non financial companies listed in Indonesia Stock Exchange (IDX) from 2010 to 2014. The samples are selected using purposive sampling method. Data used in this research is secondary data from the website of Indonesia Stock Exchange. The regression result indicate that audit committee size, audit comittee education background, audit comittee activity does not significantly effect  on stock return. Audit quality has significantly positive effect and voluntary disclosure has significantly negative effect on stock return.

 

Keyword : audit committee size, audit comittee education background, audit comittee activity, audit quality, voluntary disclosure, stock return