The Influence of Financial Reporting Quality, Debt Maturity, and CEO Career Concerns on Investment Efficiency

DOI

10.2991/aebmr.k.220501.038How to use a DOI?

Keywords

Financial Reporting Quality; Debt Maturity; CEO Career Concerns; Investment Efficiency; Manufacturing Industry

Abstract

This research aimed to determine the effect of financial reporting quality, debt maturity, and CEO career concerns on investment efficiency among the companies in manufacturing industry listed on Indonesia Stock Exchange (IDX) from the year 2016 to 2019. The sample was selected by using the purposive sampling method and the valid data consist of 104 companies with 397 data. The data processing method used in this research was the multiple regression analysis by using EViews (Econometric Views) version 11. The results of this study indicated that only financial reporting quality has a positive and significant effect on investment efficiency, while debt maturity and CEO career concerns do not. The implication of this research is the need to increase financial reporting quality to improve investment efficiency by mitigating information asymmetry, such as moral hazard and adverse selection.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Elsa Imelda
AU  - Erika Chandra Wijaya
AU  - Claudia Gita Hapsari
PY  - 2022
DA  - 2022/05/11
TI  - The Influence of Financial Reporting Quality, Debt Maturity, and CEO Career Concerns on Investment Efficiency
BT  - Proceedings of the tenth International Conference on Entrepreneurship and Business Management 2021 (ICEBM 2021)
PB  - Atlantis Press
SP  - 249
EP  - 255
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220501.038
DO  - 10.2991/aebmr.k.220501.038
ID  - Imelda2022
ER  -