Determinan Manajemen Laba Perusahaan di Sektor Konsumsi

Muhammad Fajri

Abstract


The aim of this research is to provide empirical evidence on the impact of good corporate governance, free cash flow, and leverage ratio on earnings management. Good corporate governance is measured by audit committee’s size, the proportion of independent commissioners, institutional ownership, and managerial ownership. Discretionary accrual is the proxy of earning management. This research used 28 consumer goods companies listed in Indonesia Stock Exchange from 2016 to 2018. Data were analyzed using panel data with random effect model. Based on the result of analysis concluded that all components of good corporate governance (audit committee’s size, the proportion of independent commissioners, institutional ownership, and managerial ownership), have no significant effect on earnings management, on other hand leverage ratio has a negative effect and no significant on earning management, and free cash flow has a positve and no significant effect on earnings management

Keywords


Earnings Management; Good Corporate Governance; Free Cash Flow; Leverage Ratio.

Full Text:

PDF

References


Brigham, Eugene, F., & Houston, J. F., 2010. Dasar-dasar Manajemen Keuangan (Essential of Financial Management). Edisi ke sebelas, buku 1. Terjemahan oleh Ali Akbar Yulianto. Jakarta: Salemba Empat.

Chew, Donald, H., & Gillan, S. L., 2009. US Corporate Governance. Columbia: Columbia University Press.

Chung, R., Firth, M., & Kim, J. B., 2005. Earnings Management, Surplus Free Cash Flow, and External Monitoring. Journal of Business Research,58(6), 766-776.

Effendi, Arief., 2009. The Power of Good Corporate Governance Teori dan Implementasi. Jakarta: Salemba Empat.

Ghozali, I. & Chariri, A., 2007. Teori Akuntansi. Semarang: Badan Penerbit Universitas Diponegoro.

Guna, W. I. & Herawaty, A., 2010. Pengaruh Mekanisme Good Corporate Governance, Independensi Auditor, Kualitas Audit dan Faktor Lainnya Terhadap Manajemen Laba. Jurnal Bisnis Dan Akuntansi. 12(1): 53-68.

Jennings, M. M., 2005. Conspicuous Governance Failures: Why Sarbanes-Oxley Is not an Ethics Warranty. Corporate Finance Review, 9(5), 41-47.

Jensen, M. C., 1993. The Modern Industrial Revolution, Exit, and The Failure of Internal Control Systems. The Journal of Finance, 48(3), 831-880

Juanda, B., & Junaidi. 2012. Ekonometrika Deret Waktu Teori Dan Aplikasi. Bogor: IPB Press.

Kangarluei, S.J., Morteza, M., & Taher, A., 2011. The Investigation And Comparison Of Free Cash Flows In The Firms Listed In Tehran Stock Exchange (Tse) With An Emphasis On Earnings Management. Int. Journal of Economics and Business Modeling, 2(2), 118-1123

Murhadi, Werner R., 2009. Studi Pengaruh Good Corporate Governance Terhadap Praktik Earnings Management pada Perusahaan Terdaftar di PT Bursa Efek Indonesia. Jurnal Manajemen Dan Kewirausahaan, 11(1), 1-10.

Oktovianti, T. & Agustia, D., 2012. Influence of the Internal Corporate Governance and Leverage Ratio to the Earnings Management. Journal of Basic and Applied, 2(7), 7192-7199

Ramadhani, F,. dkk., 2017. Pengaruh Capital Intencity Ratio, Free Cash Flow, Kualitas Audit, dan Leverage Terhadap Manajemen Laba pada Perusahaan Manufaktur yang Terdaftar di BEI. Jurnal Ilmiah Akuntansi : Kompartemen Vol. XV No. 2, 98-110.

Scott, William R., 2011. Financial Accounting Theory. Sixth Edition. Canada: Person Prentice Hall.

Siregar dan Utama., 2005. Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, dan Praktek Corporate Governance Terhadap Pengelolaan Laba (Earnings Management). Simposium. Nasional Akuntansi VIII IAI.

Verbeek, Marno., 2008. Text A Guide to Modern Econometrics. Wiley.

Watts, R. L. and Zimmerman, J. L., 1986. Positive Accounting Theory, Engelwood Cliffs, NJ.

Yang, W. S., Loo, S. C., & Shamser., 2009. The Effect of Board Structure and Institutional Ownership Structure on Earnings Management. International Journal of Economics and Management, 3(2), 332–353.

Yermack, D., 1996. Higher Market Valuation of Companies with Small Board of Directors. Journal of Financial Economics. 40, 185-211.

Yu Frank., 2006. Corporate Governance and Earnings Management. Working Paper.

Zhou, Jian & Chen Ken Y., 2004. Audit Committee, Board Characteristics and Earnings Management by Commercial Banks. Working Paper.




DOI: http://dx.doi.org/10.33087/ekonomis.v3i2.68

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Ekonomis: Journal of Economics and Business Published by Lembaga Penelitian dan Pengabdian kepada Masyarakat
Adress: LPPM Universitas Batanghari, Jl.Slamet Ryadi, Broni-Jambi, Kec.Telanaipura, Kodepos: 36122, email: ekonomis.unbari@gmail.com, Phone: 0741-670700

Creative Commons License This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.