Main Article Content
Abstract
This research aims to analyze the effect of good corporate governance and financial distress on real earnings management. The sample in this study is a manufacturing company listed on Indonesia Stock Exchange for the 2016-2020 period. Data collection in this study was carried out using secondary data taken from the company's financial statement. The data were analyzed and tested using the SPSS 25 program to test descriptive statistics and outlier tests. The Smart PLS 3.0 program was used to test validity and reliability, test quality indexes, and test hypotheses. The results of this study indicate that institutional ownership has a significant effect on real earnings management, managerial ownership has no significant effect on real earnings management, family ownership has no significant effect on real earnings management, the audit committee has a significant effect on real earnings management, audit quality has a significant effect on management. Financial distress has a significant effect on real earnings management. The moderating variable in this study proves that family ownership has no significant effect on real earnings management which is moderated by political connections.
Keywords
Article Details
Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under the Creative Commons Attribution-ShareAlike 4.0 License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal
Author is able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book) with the acknowledgement of its initial publication in this journal.
Author is permitted and encouraged to post his/her work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of the published work (See The Effect of Open Access).
Creative Commons Attribution-ShareAlike (CC BY-SA)
Jurnal Akuntansi is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
- Adiguzel, H. (2013). Corporate Governance, Family Ownership and Earnings Management: Emerging Market Evidence. Accounting and Finance Research, 2(4), 17–33. https://doi.org/10.5430/afr.v2n4p17
- Apriyani, Ika, S. R., & Sarnowo, H. (2019). Pengaruh Koneksi Politik Dan Corporate Governance Terhadap Manajemen Laba. ISEI Economic, 2(1), 8–15. https://doi.org/https://doi.org/10.36217/ier.v3i1.76
- Boedhi, N. R., & Ratnaningsih, D. (2017). Pengaruh Kualitas Audit Terhadap Manajemen Laba Melalui Aktivitas Riil. Kinerja, 19(1), 84. https://doi.org/10.24002/kinerja.v19i1.536
- Braam, G., Nandy, D. M., Weitzel, U., & Lodh, S. (2015). Accrual-based, Real Earnings Management and Political Connections. International Journal of Accounting, 50(2), 111–141. https://doi.org/10.1016/j.intacc.2013.10.009
- Chandra, B. (2021). Pengaruh koneksi politik , kinerja perusahaan dan karateristik perusahaan terhadap manajemen laba di indonesia The effect of political connection , firm performance and firm characteristic on earning management in Indonesia. Inovasi, 17(1), 35–45. https://doi.org/http://dx.doi.org/10.29264/jinv.v17i1.9167
- Dwiyanti, K. T., & Astriena, M. (2018). Pengaruh Kepemilikan Keluarga Dan Karakteristik Komite Audit Terhadap Manajemen Laba. Jurnal Riset Akuntansi Dan Bisnis Airlangga, 3(2), 447–469. https://doi.org/10.31093/jraba.v3i2.123
- Farouk, M. A., & Bashir, N. M. (2017). Ownership structure and earnings management of listed conglomerates in Nigeria. Journal of Accounting and Finance, 1(4), 42–54. https://doi.org/https://doi.org/10.52962/ipjaf.2017.1.4.27
- Feldo, F., Rinaningsih, R., & Yuliati, R. (2019). Hubungan Kesulitan Keuangan Dengan Manajemen Laba Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2010-2016. Jurnal Ekonomi Manajemen Akuntansi, 21(2), 141. https://doi.org/10.34209/equ.v21i2.640
- Ghaleb, B. A. A., Kamardin, H., & Tabash, M. I. (2020). Family ownership concentration and real earnings management: Empirical evidence from an emerging market. Cogent Economics and Finance, 8(1). https://doi.org/10.1080/23322039.2020.1751488
- Haji-Abdullah, N. M., & Wan-Hussin, W. N. (2015). Related party transactions, audit committees and real earnings management: The moderating impact of family ownership. Advanced Science Letters, 21(6), 2033–2037. https://doi.org/10.1166/asl.2015.6195
- Hidayanti, E., & Paramita, R. W. D. (2014). Pengaruh Good Corporate Governance Terhadap Praktik Manajemen Laba Riil Pada Perusahaan Manufaktur. Jurnal WIGA, 4(2), 1–15. https://doi.org/https://doi.org/10.30741/wiga.v4i2.120
- Kamardin, H. (2014). Managerial Ownership and Firm Performance: The Influence of Family Directors and Non-family Directors. 47–83. https://doi.org/10.1108/s2043-052320140000006002
- Kharashgah, K. A., Amran, N. A. B., & Ishak, R. B. (2019). The Impact of Audit Committee Characteristics on Real Earnings Management: Evidence from Jordan. International Journal of Academic Research in Accounting, Finance and Management Sciences, 9(4), 84–97. https://doi.org/10.6007/ijarafms/v9-i4/6699
- Khuong, N. V., Ha, N. T. T., & Thu, P. A. (2019). The relationship between real earnings management and firm performance: the case of energy firms in Vietnam. International Journal of Energy Economics and Policy, 9(2), 307–314. https://doi.org/10.32479/ijeep.7469
- Lestari, N., & Aeni, N. (2019). The Effect Of Audit Quality And Earnings Management On Firm Performance. 377(Icaess), 36–41. https://doi.org/10.2991/icaess-19.2019.7
- Mahadi, T. (2021). Manipulasi laporan keuangan, dua eks bos Tiga Pilar (AISA) divonis 4 tahun penjara. Kontan. https://nasional.kontan.co.id/news/manipulasi-laporan-keuangan-dua-eks-bos-tiga-pilar-aisa-divonis-4-tahun-penjara
- Melinda, & Widyasari. (2019). Faktor Yang Mempengaruhi Manajemen Laba Perusahaan Manufaktur Yang Terdaftar di BEI. Jurnal Multiparadigma Akuntansi, 1(2), 452–359. https://doi.org/http://dx.doi.org/10.24912/jpa.v1i2.5014
- Muljono, D. R., & Suk, K. S. (2018). Impacts of financial distress on real and accrual earnings management. Jurnal Akuntansi, 22(2), 222. https://doi.org/10.24912/ja.v22i2.349
- Ningsih, S. (2015). Earning Management melalui Aktivitas Rill dan Akrual. Jurnal Akuntansi Dan Pajak, 16(1), 55–66. https://doi.org/http://dx.doi.org/10.29040/jap.v16i01.22
- Santoso, Y. I. (2021). PMI Manufaktur dan Inflasi Agustus membaik, ini kata pemerintah. Kontan. https://newssetup.kontan.co.id/news/pmi-manufaktur-dan-inflasi-agustus-membaik-ini-kata-pemerintah?page=all
- Setiawati, L. W., & Lieany. (2016). Analisis Pengaruh Perjanjian Utang, Kepemilikan Institusional, Dan Ukuran Perusahaan Terhadap Manajemen Laba Riil Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Akuntansi, 9(2), 172–197. https://doi.org/10.25170/jara.v9i2.34
- Susanto, Y. K., & Pradipta, A. (2016). Corporate Governance and Real Earnings Management. International Journal of Business, Economics and Law, 9(1), 17–23. https://doi.org/http://dx.doi.org/10.35609/jfbr.2020.5.2(2)
- Wareza, M. (2019). Tiga Pilar dan Drama Penggelembungan Dana. CNBC Indonesia. https://www.cnbcindonesia.com/market/20190329075353-17-63576/tiga-pilar-dan-drama-penggelembungan-dana
- Wicaksono, T., Pambudi, A., & Miftah, D. (2016). Analisis Pengaruh Komposisi Dewan Komisaris, Karakteristik Komite Audit, dan Struktur Kepemilikan Manajerial Terhadap Praktik Real Earnings Management. Jurnal Al-Iqtishad, I(June), 55–70. https://doi.org/http://dx.doi.org/10.24014/jiq.v12i1.4445
- Yulaeli, T. (2018). Pengaruh Cost of REM Terhadap Real Earnings Management dengan Aset dan Market to Book Value sebagai Variabel Kontrol. Jurnal Buana Akuntansi, 3, 73–94. https://doi.org/https://doi.org/10.36805/akuntansi.v3i1.229
References
Adiguzel, H. (2013). Corporate Governance, Family Ownership and Earnings Management: Emerging Market Evidence. Accounting and Finance Research, 2(4), 17–33. https://doi.org/10.5430/afr.v2n4p17
Apriyani, Ika, S. R., & Sarnowo, H. (2019). Pengaruh Koneksi Politik Dan Corporate Governance Terhadap Manajemen Laba. ISEI Economic, 2(1), 8–15. https://doi.org/https://doi.org/10.36217/ier.v3i1.76
Boedhi, N. R., & Ratnaningsih, D. (2017). Pengaruh Kualitas Audit Terhadap Manajemen Laba Melalui Aktivitas Riil. Kinerja, 19(1), 84. https://doi.org/10.24002/kinerja.v19i1.536
Braam, G., Nandy, D. M., Weitzel, U., & Lodh, S. (2015). Accrual-based, Real Earnings Management and Political Connections. International Journal of Accounting, 50(2), 111–141. https://doi.org/10.1016/j.intacc.2013.10.009
Chandra, B. (2021). Pengaruh koneksi politik , kinerja perusahaan dan karateristik perusahaan terhadap manajemen laba di indonesia The effect of political connection , firm performance and firm characteristic on earning management in Indonesia. Inovasi, 17(1), 35–45. https://doi.org/http://dx.doi.org/10.29264/jinv.v17i1.9167
Dwiyanti, K. T., & Astriena, M. (2018). Pengaruh Kepemilikan Keluarga Dan Karakteristik Komite Audit Terhadap Manajemen Laba. Jurnal Riset Akuntansi Dan Bisnis Airlangga, 3(2), 447–469. https://doi.org/10.31093/jraba.v3i2.123
Farouk, M. A., & Bashir, N. M. (2017). Ownership structure and earnings management of listed conglomerates in Nigeria. Journal of Accounting and Finance, 1(4), 42–54. https://doi.org/https://doi.org/10.52962/ipjaf.2017.1.4.27
Feldo, F., Rinaningsih, R., & Yuliati, R. (2019). Hubungan Kesulitan Keuangan Dengan Manajemen Laba Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2010-2016. Jurnal Ekonomi Manajemen Akuntansi, 21(2), 141. https://doi.org/10.34209/equ.v21i2.640
Ghaleb, B. A. A., Kamardin, H., & Tabash, M. I. (2020). Family ownership concentration and real earnings management: Empirical evidence from an emerging market. Cogent Economics and Finance, 8(1). https://doi.org/10.1080/23322039.2020.1751488
Haji-Abdullah, N. M., & Wan-Hussin, W. N. (2015). Related party transactions, audit committees and real earnings management: The moderating impact of family ownership. Advanced Science Letters, 21(6), 2033–2037. https://doi.org/10.1166/asl.2015.6195
Hidayanti, E., & Paramita, R. W. D. (2014). Pengaruh Good Corporate Governance Terhadap Praktik Manajemen Laba Riil Pada Perusahaan Manufaktur. Jurnal WIGA, 4(2), 1–15. https://doi.org/https://doi.org/10.30741/wiga.v4i2.120
Kamardin, H. (2014). Managerial Ownership and Firm Performance: The Influence of Family Directors and Non-family Directors. 47–83. https://doi.org/10.1108/s2043-052320140000006002
Kharashgah, K. A., Amran, N. A. B., & Ishak, R. B. (2019). The Impact of Audit Committee Characteristics on Real Earnings Management: Evidence from Jordan. International Journal of Academic Research in Accounting, Finance and Management Sciences, 9(4), 84–97. https://doi.org/10.6007/ijarafms/v9-i4/6699
Khuong, N. V., Ha, N. T. T., & Thu, P. A. (2019). The relationship between real earnings management and firm performance: the case of energy firms in Vietnam. International Journal of Energy Economics and Policy, 9(2), 307–314. https://doi.org/10.32479/ijeep.7469
Lestari, N., & Aeni, N. (2019). The Effect Of Audit Quality And Earnings Management On Firm Performance. 377(Icaess), 36–41. https://doi.org/10.2991/icaess-19.2019.7
Mahadi, T. (2021). Manipulasi laporan keuangan, dua eks bos Tiga Pilar (AISA) divonis 4 tahun penjara. Kontan. https://nasional.kontan.co.id/news/manipulasi-laporan-keuangan-dua-eks-bos-tiga-pilar-aisa-divonis-4-tahun-penjara
Melinda, & Widyasari. (2019). Faktor Yang Mempengaruhi Manajemen Laba Perusahaan Manufaktur Yang Terdaftar di BEI. Jurnal Multiparadigma Akuntansi, 1(2), 452–359. https://doi.org/http://dx.doi.org/10.24912/jpa.v1i2.5014
Muljono, D. R., & Suk, K. S. (2018). Impacts of financial distress on real and accrual earnings management. Jurnal Akuntansi, 22(2), 222. https://doi.org/10.24912/ja.v22i2.349
Ningsih, S. (2015). Earning Management melalui Aktivitas Rill dan Akrual. Jurnal Akuntansi Dan Pajak, 16(1), 55–66. https://doi.org/http://dx.doi.org/10.29040/jap.v16i01.22
Santoso, Y. I. (2021). PMI Manufaktur dan Inflasi Agustus membaik, ini kata pemerintah. Kontan. https://newssetup.kontan.co.id/news/pmi-manufaktur-dan-inflasi-agustus-membaik-ini-kata-pemerintah?page=all
Setiawati, L. W., & Lieany. (2016). Analisis Pengaruh Perjanjian Utang, Kepemilikan Institusional, Dan Ukuran Perusahaan Terhadap Manajemen Laba Riil Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Akuntansi, 9(2), 172–197. https://doi.org/10.25170/jara.v9i2.34
Susanto, Y. K., & Pradipta, A. (2016). Corporate Governance and Real Earnings Management. International Journal of Business, Economics and Law, 9(1), 17–23. https://doi.org/http://dx.doi.org/10.35609/jfbr.2020.5.2(2)
Wareza, M. (2019). Tiga Pilar dan Drama Penggelembungan Dana. CNBC Indonesia. https://www.cnbcindonesia.com/market/20190329075353-17-63576/tiga-pilar-dan-drama-penggelembungan-dana
Wicaksono, T., Pambudi, A., & Miftah, D. (2016). Analisis Pengaruh Komposisi Dewan Komisaris, Karakteristik Komite Audit, dan Struktur Kepemilikan Manajerial Terhadap Praktik Real Earnings Management. Jurnal Al-Iqtishad, I(June), 55–70. https://doi.org/http://dx.doi.org/10.24014/jiq.v12i1.4445
Yulaeli, T. (2018). Pengaruh Cost of REM Terhadap Real Earnings Management dengan Aset dan Market to Book Value sebagai Variabel Kontrol. Jurnal Buana Akuntansi, 3, 73–94. https://doi.org/https://doi.org/10.36805/akuntansi.v3i1.229