PENGARUH KOMPLEKSITAS PEKERJAAN DAN KINERJA CFO TERHADAP KOMPENSASI CFO (studi empiris pada seluruh perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2011-2013)

Abstract

This study aims to analyze and provide empirical evidence about the impact of job complexity as measured by the size of the companies, business segments, free cash flow, and long-term debt, as well as influence the performance of the Chief Financial Officer (CFO) were measured using positive discretionary accruals, growth opportunities, and CFO age on CFO compensation. To obtain valid results, the testing performed on each variable based on the hypothesis contructed. The samples used were selected by puposive sampling method. The study population was 425 companies listed in Indonesia Stock Exchange. After reduction with several criterias, have obtained a sample of 26 companies for the year 2011, 37 companies for the year 2012, 37 companies for the year 2013. Hypothesis testing is done by using multiple regression analysis. The results showed that compensation Chief Financial Officer (CFO) affect only one measurement of the job complexity that is the size of the company, as well as the effect on performance measurement is one of the growth opportunities. CFO compensation has no effect on the business segments, free cash flow, long-term debt, positive discretionary accruals, and CFO age.