The Effect of Debt Covenant, Capital Intensity, and Litigation Risk on Accounting Conservatism

Donny Indradi; Linda Candra Kusuma

doi:10.33753/mandiri.v10i1.428

Donny Indradi Fakultas Ekonomi dan Bisnis, Universitas Pamulang
Linda Candra Kusuma Fakultas Ekonomi dan Bisnis, Universitas Pamulang

DOI: https://doi.org/10.33753/mandiri.v10i1.428

Keywords: Accounting Conservatism, Capital Intensity, Debt Covenant, Litigation Risk

Abstract

This study investigates the relationship between debt covenant, capital intensity, and litigation risk and accounting conservatism among Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange (IDX) during 2020–2024. A quantitative research design with an associative approach was employed using secondary data collected from companies’ annual financial statements. The study examined 39 companies, resulting in 195 observations, selected through purposive sampling. Panel data regression was applied using the Fixed Effect Model (FEM), which was determined based on the Chow and Hausman tests and further assessed through classical assumption tests. The findings reveal that debt covenant and litigation risk have no significant effect on accounting conservatism, while capital intensity has a significant effect. Furthermore, the three independent variables collectively have a significant effect on accounting conservatism. These findings are expected to provide useful considerations for Consumer Non-Cyclicals companies when implementing accounting conservatism in the preparation of financial statements. For investors, the results provide additional considerations in assessing companies’ asset structures and accounting policies. Academically, this study contributes to the literature on accounting conservatism and provides a basis for future research to examine other factors that may influence conservative accounting practices.

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