Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, dan Kualitas Audit terhadap Integritas Laporan Keuangan pada Sektor Energy

Abstract

This study aims to examine the effects of institutional ownership, managerial ownership, and
audit quality on financial statement integrity in energy sector companies listed on the Indonesia
Stock Exchange for the 2021–2024 period, with financial statement integrity measured using a
conservatism index based on the market-to-book ratio. This study employs a quantitative approach
using secondary data in the form of annual financial statements and annual reports. From a
population of 91 companies, 15 companies were selected as the sample through purposive sampling,
yielding 60 observations over the four-year observation period. The data were analyzed using panel
data regression with EViews software; based on the Chow and Hausman tests, the Fixed Effects
Model was identified as the best-fitting model. The results indicate that institutional ownership has
a negative and significant effect on financial statement integrity (β = -1.527242; p = 0.0361),
whereas managerial ownership (β = -4.604711; p = 0.2983) and audit quality (β = -0.017543; p =
0.8894) do not have a significant effect, although simultaneously, these three variables have a
significant effect on financial statement integrity (F-prob. = 0.0000) with an adjusted R-squared
value of 0.889008, meaning that 88.90% of the variation in financial statement integrity can be
explained by this research model, while the remaining 11.10% is influenced by other factors outside
the model.