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Abstract
Abstract
The paper investigates the relationship between voting power of political party in local parliament and auditor opinion of local government financial statement. Using a 2009 dataset consisting of 383 local government financial statements, the paper borrows agency framework to advancing a testable hypotheses predicting that voting power affects the auditor opinion. The analysis fails to gain empirical confirmation to support hypotheses. All voting variables are insignificantly related auditor opinion. Yet some findings are worth of future research. First, the incident of learning factor seems to exist on political party. Secondly, the local government in Java is less likely to have fair opinion that contradicts the monitoring argument from geographical point of view. However, the analysis might suffer from linearity and endogeneity issues so that a due care is required to interpret the finding of the results.
Keyword: voting right, blockholder, political party, local government, agency theory, auditor opinion.
Abstraksi
Penelitian ini membahas hubungan antara kekuatan suara partai politik di dewan perwakilan rakyat daerah dan opini auditor atas laporan keuangan pemerintah daerah. Dengan menggunakan data set tahun 2009 yang berisi 383 laporan keuangan pemda, penelitian ini merujuk pada agensi teori sebagai dasar pembentukan hipotesis yang memprediksi bahwa kekuatan suara partai politik akan mempengaruhi laporan keuangan. Hasil analisa gagal dalam mendukung hipotesis karena semua variabel voting secara insignifikan mempengaruhi opini. Namun demikian terdapat beberapa petunjuk yang berharga untuk dijadikan dasar dalam penelitian selanjutnya. Pertama, terdapat faktor pembelajaran dalam partai politik. Ke dua, pemda yang berada di jawa lebih mungkin mendapatkan opini selain wajar. Hal in tentu saja berlawanan dengan perkiraan yang bersumber dari hipotesis monitoring. Selanjutnya, penelitian ini meninggalkan masalah linearitas dan endogenitas dan oleh karena itu hasil temuan harus diintepretasikan secara hati-hati.
Kata Kunci:voting right, blockholder, political party, local government, agency theory, auditor opinion.
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