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PENGARUH KEPEMILIKAN MANAJERIAL, DEBT COVENANT, DAN POLITICAL COST TERHADAP KONSERVATISME AKUNTANSI PADA PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2017

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ABSTRACT THE EFFECT OF MANAGERIAL OWNERSHIP, DEBT COVENANT AND POLITICAL COST ON ACCOUNTING CONSERVATISM: LISTED BANKS IN INDONESIA STOCK EXCHANGE PERIOD 2015-2017 Arranged by: Paulus Agustian NIM: 1532171 This research was conducted in order to determine whether there is influence of managerial ownership, debt covenants, and political on cost accounting conservatism. Managerial ownership is measured by using a percentage of the number of shares managers, directors, commissioners and employees, debt covenants measured by the leverage ratio that is debt ratio, the political cost is measured using Log Natural of Total Assets, and accounting conservatism as measured using the accrual model of Zhang (2007). This research was conducted in the banking subsector companies listed on the Indonesia Stock Exchange over the period 2015-2017. Sampling using purposive sampling method, and gained as much as 123 samples studied from 41 firms. This research using secondary data, namely of the company's financial statements. These results indicate that (1) the percentage of the managerial ownership of banking firms in Indonesia was very low,(2) the banking firms in Indonesia make high debt covenant indicated by high debt covenant values, (3) banking firms in Indonesia have a very high average number of assets indicating that large banking companies in Indonesia, (4) the results of descriptive statistics show that on average banks in Indonesia have not carried out accounting conservatism, (5) significant test results show that managerial ownership variable do not significantly influence accounting conservatism, (6) Significant test results show that there is a partially significant effect between independent variable of debt covenant on the dependent variable of accounting conservatism,(7) Significant test results show that there is a partially significant influence between the independent variable of political cost on accounting conservatism, (8) The results of the significance test show that simultaneously there is a positive correlation and a significant effect between independent variables of managerial ownership, debt covenants, and political costs on accounting conservatism. Keywords: Managerial Ownership, Debt Covenant, Political Cost, Accounting Conservatism, Corporate Banking.