PERILAKU CEO DAN PENURUNAN NILAI GOODWILL: STUDI KEPERILAKUAN KEPERCAYAAN DIRI BERLEBIH

Penelitian ini bertujuan menyelidiki tendensi CEO untuk mencatat adanya penurunan nilai goodwill perusahaan ketika CEO memiliki perilaku berkepercayaan diri berlebih. Penelitian ini memberikan kebaharuan dengan memberikan penjelasan pencatatan penurunan nilai goodwill dengan sudut pandang keperilakuan. Selanjutnya, penelitian ini menggunakan latar belakang negara berkembang yang memiliki karateristik pendapatan menegah kebawah dan memiliki ketidakpastian ekonomi masa depan. Kedua pembaharuan tersebut memberikan penjelasan yang lengkap mengenai fenomena penurunan nilai goodwill. Abstract This research aims to investigate the tendency of CEOs to record the value of a company's goodwill impairment when the CEO has over-confidence behavior. This research provides the newest by explaining the recording of the decline in the company's goodwill value from a behavioral point of view. Furthermore, this research uses a developing country with lower-middle-income characteristics and future economic uncertainty. Both of these newest provide a complete explanation of the phenomenon of goodwill impairments. The proxy used to measure over-confidence is capital expenditure and the recording of goodwill impairment is delta goodwill. This research uses a sample of all companies listed on the Indonesia Stock Exchange from 2012 to 2019 with 878 observational data. The data analysis method used to examine the relationship between over-confidence and recording of goodwill impairment is Tobit regression. The test results show an association between overconfidence and the recording of the declining company's goodwill value. This research has implications for investors who can put more trust in companies that have high acquisition rates because these companies tend to fulfill financial reporting guidelines.