Pengaruh Komite Audit, Ukuran Perusahaan, Kepemilikan Asing, Maturitas Utang dan Kualitas Audit Terhadap Efisiensi Investasi (Studi Data Panel Pada Perusahaan Bumn yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2022)

Abstract

The purpose of this study is to examine the effect of audit committee, firm size, foreign ownership, debt maturity and audit quality on investment efficiency on stated-owned companies listed on the Indonesia Stock Exchange in 2018-2022. This type of research is causative research with data collection techniques in the form of documentation. This study uses secondary data and data analysis methods in this study include descriptive statistical analysis, panel data model estimation, classical assumption test, panel data regression, and hypothesis testing. Sampling was carried out using purposive sampling technique. The number of samples in this study were 16 stated-owned companies listed on the Indonesia Stock Exchange for the period 2018-2022 with a total of 80 observations. Data was obtained from the Indonesia Stock Exchange website (www.idx.co.id) and the related stated-owned commpanies website. The data analyzed in this study were processed from the financial statements and annual reports of related companies. The results of this study indicate that the audit committee, company size, and foreign ownership have no effect on investment efficiency while debt maturity and audit quality have a positive and significant effect on investment efficiency. Simultaneously, the independent variables namely audit committee, company size, foreign ownership, debt maturity, and audit quality have a positive and significant effect on investment efficiency.