PENGARUH CEO OVERCONFIDENCE DAN INVESTOR INSTITUSIONAL TERHADAP RISIKO PERUSAHAAN

Ernawati Ernawati (Departemen Akuntansi Fakultas Ekonomika dan Bisnis Universitas Diponegoro)
Faisal Faisal (Departemen Akuntansi Fakultas Ekonomika dan Bisnis Universitas Diponegoro)

Diponegoro Journal of Accounting
Volume 12, Nomor 1, Tahun 2023

This study aims to examine the effect of CEO overconfidence and institutional investors on company's risk. The population in this study were non-financial companies listed on the Indonesia Stock Exchange in 2016. Based on the sampling process, the total sample used in this study amounted to 263 companies. Data analysis was performed using SPSS 21 software. The analysis performed included descriptive analysis, classical assumption test, ordinary least square, and Moderated Regression Analysis. The results show that CEO overconfidence has not affect  company's risk. Also, institutional investors, both active and passive, have not reduce company risk.