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Abstract
This research aims to assign the respective effects of ownership concentration, and leverage on earnings management with firm size as the moderating variable. There are 12 data on State-Owned Companies Listed on the Indonesia Stock Exchange from 2017 to 2020 which were used as research data samples so 48 samples were obtained using the purposive sampling method. This is study uses data analysis techniques use the Eviews.12 Student Lite program. The results of the partial test (t-test) show that ownership concentration and leverage have an effect on earnings management. The output of the MRA test prove that firm size is able to moderate the relationship between leverage and earnings management. However, this research does not prove that firm size is capable to moderate the respective intercourse between ownership concentration in earnings management.
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References
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- Amalia, B. Y., & Didik, M. (2017). Pengaruh Konsentrasi Kepemilikan, Kepemilikan Institusiona, Proporsi Dewan Komisaris Independen, dan Frekuensi Rapat Komite Audit terhadap Praktik Manajemen Laba. Diponegoro Journal of Accounting, 6(3), 1–14.
- Anelia, F. L., & Prasetyo, A. B. (2020). The Effect of Ownership Structure on Investment Efficiency (Case Study in Non Financial Firms Listed on Indonesia Stock Exchange in 2015-2017). Accounting Research Journal of Sutaatmadja, 4(01), 66–76. https://doi.org/10.35310/accruals.v4i01.407
- Cahyani, D., & Hendra, K. (2020). Pengaruh Kepemilikan Institusional, Ukuran Perusahaan, Leverage dan Tax Planning Terhadap Manajemen Laba. Jurnal Akuntansi Dan Keuangan, 11(2), 30–44. https://doi.org/10.36448/jak.v11i2.1522
- Davidson, W. N., Jiraporn, P., Kim, Y. S., & Nemec, C. (2011). Earnings Management Following Duality-Creating Successions: Ethnostatistics, Impression Management and Agency Theory. SSRN Electronic Journal, 541, 1–25. https://doi.org/10.2139/ssrn.1483765
- Fandriani, V. (2019). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan dan Kualitas Audit Terhadap Manajemen Laba. Jurnal Multiparadigma Akuntansi, 1(2), 505–514. https://doi.org/10.24912/jpa.v1i2.5022
- Ghozali, I., & Chairi, A. (2014). Teori Akuntansi (4th ed.). Badan Penerbit Universitas Diponegoro.
- Grimaldi, F., & Muserra, A. L. (2017). The Effect of the Ownership Concentration on Earnings Management. Empirical Evidence From the Italian Context. Corporate Ownership & Control, 14(3), 236–248. https://doi.org/10.22495/cocv14i3c1art9
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- Hendi, H., & Erika, E. (2022). Faktor yang Mempengaruhi Manajemen Laba dimoderasi oleh Ukuran Perusahaan. Owner (Riset Dan Jurnal Akuntansi), 6(1), 872–884. https://doi.org/10.33395/owner.v6i1.656
- Ita, M. (2020). The Effect of Free Cash Flow, Leverage Ratio, Profability Ratio and Information Asymetric On Earning Management. I-Economic: A Research Journal on Islamic Economics, 6(2), 152–168.
- Kieso, D. E., Jerry, J. W., & Terry, D. W. (2017). Intermediate Accounting (IFRS Ed). Jakarta: Salemba Empat.
- Kramer, B. K., & Johnson, C. W. (2009). Financial Statements Demystified: A Self-Teaching Guide. In Choice Reviews Online. McGraw-Hill.
- Madyan, M., Meidawati, H., & Herlambang, H. (2019). Family Control, Institutional Ownership, dan Kebijakan Dividen Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Reviu Akuntansi Dan Keuangan, 9(1), 87–95. https://doi.org/10.22219/jrak.v9i1.47
- Mawardi, M. C. (2019). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Ukuran Perusahaan, Leverage, Profitabilitas, Pertumbuhan Penjualan Terhadap Manajemen Laba Dengan Good Corporate Governance Sebagai Variabel Moderating. E-Jurnal Ilmiah Riset Akuntansi, 08(04), 26–39.
- Michelson, S. E., James, J.-W., & Charles, W. (1995). A Market Based Analysis of Income Smoothing. Journal of Business Finance and Accounting, 22(8), 1179–1195.
- Moses, D. O. (1987). Income Smoothing and Incentive: Empirical Test Using Accounting Changes. The Accounting Review, 2, 358–377.
- Nalarreason, K. M., T, S., & Mardiati, E. (2019). Impact of Leverage and Firm Size on Earnings Management in Indonesia. International Journal of Multicultural and Multireligious Understanding, 6(1), 19. https://doi.org/10.18415/ijmmu.v6i1.473
- Ronen, J., & Yaari, V. (2008). Earnings Management: Emerging Insights in Theory, Practice, and Research. Springer US. https://doi.org/10.1007/978-0-387-25771-6
- Rosena, A. D., Mulyani, S. D., & Prayogo, B. (2016). Pengaruh Kualitas Audit Dan Leverage Terhadap Manajemen Laba Dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi. Jurnal Magister Akuntansi Trisakti, 3(1), 21–42. https://doi.org/10.25105/jmat.v3i1.4964
- Sartono, A. (2008). Manajemen Keuangan dan Aplikasi (4th ed.). BPFE: Yogyakarta.
- Sulistyanto, H. S. (2018). Manajemen Laba: Teori dan Model Empiris. PT. Grasindo.
- Tampubolon, M. P. (2005). Manajemen Keuangan. Jakarta: Ghalia Indonesia.
- Watts, R. L., & Zimmerman, J. L. (1990). Positive Accounting Theory: A Ten Years Perspective. The Accounting Review, 65(1), 131–156.
- Wirayana, I. M. A., & Sudana, I. P. (2018). Pengaruh Konsentrasi Kepemilikan dan Kompetensi Dewan Komisaris pada Manajemen Laba di Perusahaan Perbankan. E-Jurnal Akuntansi, 22(3), 2117–2147. https://doi.org/10.24843/eja.2018.v22.i03.p18
References
Alexander, N., & Hengky. (2017). Factors Affecting Earnings Management in the Indonesian Stock Exchange. Journal of Finance and Banking Review, 2(2), 8–14.
Amalia, B. Y., & Didik, M. (2017). Pengaruh Konsentrasi Kepemilikan, Kepemilikan Institusiona, Proporsi Dewan Komisaris Independen, dan Frekuensi Rapat Komite Audit terhadap Praktik Manajemen Laba. Diponegoro Journal of Accounting, 6(3), 1–14.
Anelia, F. L., & Prasetyo, A. B. (2020). The Effect of Ownership Structure on Investment Efficiency (Case Study in Non Financial Firms Listed on Indonesia Stock Exchange in 2015-2017). Accounting Research Journal of Sutaatmadja, 4(01), 66–76. https://doi.org/10.35310/accruals.v4i01.407
Cahyani, D., & Hendra, K. (2020). Pengaruh Kepemilikan Institusional, Ukuran Perusahaan, Leverage dan Tax Planning Terhadap Manajemen Laba. Jurnal Akuntansi Dan Keuangan, 11(2), 30–44. https://doi.org/10.36448/jak.v11i2.1522
Davidson, W. N., Jiraporn, P., Kim, Y. S., & Nemec, C. (2011). Earnings Management Following Duality-Creating Successions: Ethnostatistics, Impression Management and Agency Theory. SSRN Electronic Journal, 541, 1–25. https://doi.org/10.2139/ssrn.1483765
Fandriani, V. (2019). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan dan Kualitas Audit Terhadap Manajemen Laba. Jurnal Multiparadigma Akuntansi, 1(2), 505–514. https://doi.org/10.24912/jpa.v1i2.5022
Ghozali, I., & Chairi, A. (2014). Teori Akuntansi (4th ed.). Badan Penerbit Universitas Diponegoro.
Grimaldi, F., & Muserra, A. L. (2017). The Effect of the Ownership Concentration on Earnings Management. Empirical Evidence From the Italian Context. Corporate Ownership & Control, 14(3), 236–248. https://doi.org/10.22495/cocv14i3c1art9
Gujarati, D. N. (2003). Basic Econometrics. (4th ed., Vol. 82, Issue 326). McGraw-Hill Companies, Inc.
Healy, P. M., & Wahlen, J. M. (1999). A Review of the Earnings Management Literature and its Implications for Standard Setting. Accounting Horizons, 13(4), 365–383. https://doi.org/10.2308/acch.1999.13.4.365
Hendi, H., & Erika, E. (2022). Faktor yang Mempengaruhi Manajemen Laba dimoderasi oleh Ukuran Perusahaan. Owner (Riset Dan Jurnal Akuntansi), 6(1), 872–884. https://doi.org/10.33395/owner.v6i1.656
Ita, M. (2020). The Effect of Free Cash Flow, Leverage Ratio, Profability Ratio and Information Asymetric On Earning Management. I-Economic: A Research Journal on Islamic Economics, 6(2), 152–168.
Kieso, D. E., Jerry, J. W., & Terry, D. W. (2017). Intermediate Accounting (IFRS Ed). Jakarta: Salemba Empat.
Kramer, B. K., & Johnson, C. W. (2009). Financial Statements Demystified: A Self-Teaching Guide. In Choice Reviews Online. McGraw-Hill.
Madyan, M., Meidawati, H., & Herlambang, H. (2019). Family Control, Institutional Ownership, dan Kebijakan Dividen Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Reviu Akuntansi Dan Keuangan, 9(1), 87–95. https://doi.org/10.22219/jrak.v9i1.47
Mawardi, M. C. (2019). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Ukuran Perusahaan, Leverage, Profitabilitas, Pertumbuhan Penjualan Terhadap Manajemen Laba Dengan Good Corporate Governance Sebagai Variabel Moderating. E-Jurnal Ilmiah Riset Akuntansi, 08(04), 26–39.
Michelson, S. E., James, J.-W., & Charles, W. (1995). A Market Based Analysis of Income Smoothing. Journal of Business Finance and Accounting, 22(8), 1179–1195.
Moses, D. O. (1987). Income Smoothing and Incentive: Empirical Test Using Accounting Changes. The Accounting Review, 2, 358–377.
Nalarreason, K. M., T, S., & Mardiati, E. (2019). Impact of Leverage and Firm Size on Earnings Management in Indonesia. International Journal of Multicultural and Multireligious Understanding, 6(1), 19. https://doi.org/10.18415/ijmmu.v6i1.473
Ronen, J., & Yaari, V. (2008). Earnings Management: Emerging Insights in Theory, Practice, and Research. Springer US. https://doi.org/10.1007/978-0-387-25771-6
Rosena, A. D., Mulyani, S. D., & Prayogo, B. (2016). Pengaruh Kualitas Audit Dan Leverage Terhadap Manajemen Laba Dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi. Jurnal Magister Akuntansi Trisakti, 3(1), 21–42. https://doi.org/10.25105/jmat.v3i1.4964
Sartono, A. (2008). Manajemen Keuangan dan Aplikasi (4th ed.). BPFE: Yogyakarta.
Sulistyanto, H. S. (2018). Manajemen Laba: Teori dan Model Empiris. PT. Grasindo.
Tampubolon, M. P. (2005). Manajemen Keuangan. Jakarta: Ghalia Indonesia.
Watts, R. L., & Zimmerman, J. L. (1990). Positive Accounting Theory: A Ten Years Perspective. The Accounting Review, 65(1), 131–156.
Wirayana, I. M. A., & Sudana, I. P. (2018). Pengaruh Konsentrasi Kepemilikan dan Kompetensi Dewan Komisaris pada Manajemen Laba di Perusahaan Perbankan. E-Jurnal Akuntansi, 22(3), 2117–2147. https://doi.org/10.24843/eja.2018.v22.i03.p18