PENGARUH TATA KELOLA ENTITAS DAN OPINI AUDITOR TERHADAP HARGA SAHAM (Studi Kasus pada Perusahaan Manufaktur)

Abstract

This research aimed to examine the entity management and auditors opinion on stock price conducted by manufacturing companies listed on Indonesia Stock Exchange 2015-2019. The research used quantitative. Furthermore, the entity management used audit committee and independent commissioners, auditors opinion was measured by classified of two categories (0Yopinion without modification) and (1=modification on the opinion), the stock price of this research used closing price. The sample collection method used purposive sampling with several determined criteria it was obtained 61 companies as the sample with 305 observations. Meanwhile, the data collection technique used secondary data in companies’ annual statements. Moreover, the analysis method used multiple regressions with the application program SPSS 25 version. The research result showed that audit committee had a positive effect on stock price, proved that the audit committee was able to conduct a good and effective audit, therefore it improved the firm value it reflected from stock price. Meanwhile, the independent commissioner did not affect stock price. It caused by the independent commissioner was not able to decrease the agency problem. Furthermore, the auditors’ opinion did not affect stock price. These because it had no information related to the basics of decision making.