Abstract－The aim of this research is to determine the effect of capital intensity and investment opportunity set toward the conservatism as well as to determine the effect while using managerial ownership as moderating variable. Data were obtained from the annual reports of Indonesian Capital Market Directory and the website of Indonesian Stock Exchange. The samples are 222 observations from manufacturing companies listed in the Indonesia Stock Exchange in 2013-2014. This study uses multiple moderated regression analysis. The results show that the capital intensity has no effect on conservatism while the investment opportunity set has an influence on conservatism. The test results on moderating variables showed that managerial ownership is not able to strengthen the influence of capital intensity on conservatism while managerial ownership can strengthen the effect of the investment opportunity set on conservatism.

Index Terms— capital intensity, investment opportunity set, conservatism, managerial ownership. JEL classification G1, G11

Cite: Etty Murwaningsari and Sistya Rachmawati, "Generative Smart Tourism, the Road for Big DataThe Influence of Capital Intensity and Investment Opportunity Set toward Conservatism with Managerial Ownership as Moderating Variable," Journal of Advanced Management Science, Vol. 5, No. 6, pp. 445-451, November 2017. doi: 10.18178/joams.5.6.445-451