THE IMPACT OF GOOD CORPORATE GOVERNANCE, DIVIDEND POLICY, FIRM SIZE, PROFITABILITY, AND LEVERAGE TOWARDS EARNINGS MANAGEMENT IN STATE-OWNED ENTERPRISES LISTED AT INDONESIA STOCK EXCHANGE

Arifin Arifin, Ivany Wardhana

Abstract


Earning profits is one of the objectives for company to look good in the eyes of public and potential investors which become an opportunity for the management to intervene in the preparation of financial statement through earnings management due to the different interests between the principals and the agents. The objective of this research is to analyze the impact of good corporate governance, dividend policy, firm size, profitability, and leverage toward earnings management in state-owned enterprises listed at Indonesia Stock Exchange (IDX) during the period 2016-2020. The population of this research is the state-owned enterprises listed in Indonesia Stock Exchange during 2016-2020. Further, with the employed purposive sampling and determined criteria, 11 companies are chosen as the samples. The data analysis method applied is multiple linear regression which processed through SPSS 25. The result of this research shows that good corporate governance and firm size have an insignificant positive impact toward earnings management partially, dividend policy and profitability have a significant negative impact toward earnings management partially, and leverage has an insignificant negative impact toward earnings management partially. On the other hand, good corporate governance, dividend policy, firm size, profitability, and leverage have significant simultaneous impact toward earnings management.


Keywords


Good Corporate Governance; Dividend Policy; Firm Size; Profitability; Earnings Management

Full Text:

PDF

References


Abdillah, S. Y., Susilawati, R. A. E., & Purwanto, N. (2016). PENGARUH GOOD CORPORATE GOVERNANCE PADA MANAJEMEN LABA (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2013-2014). Jurnal Riset Mahasiswa Akuntansi Unikama, 4(1), 1–14. https://ejournal.unikama.ac.id/index.php/jrma/article/view/1299

Aissyah, N. N. A., Nurlaela, S., & Samrotun, Y. C. (2020). Kepemilikan Manajerial, Leverage, Profitabilitas, Ukuran Perusahaan dan Manajemen Laba Pada Perusahaan Properti Dan RealEstate. Jurnal Penelitian Ekonomi Dan Akuntansi, 5(1), 49–61. https://doi.org/http://dx.doi.org/10.30736%2F.v5i1.288

Angin, S. M. B. P. (2020). Pengaruh Profitabilitas, Firm Size, Dan Good Corporate Governance Untuk Menguji Manajemen Laba. Entrepreneurship Bisnis Manajemen Akuntansi (E-BISMA), 1(1), 42–53. https://doi.org/10.37631/e-bisma.v1i1.216

Aorora, A. (2018). Pengaruh Good Corporate Governance dan Ukuran Perusahaan Terhadap Manajemen Laba Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI). Jurnal Akuntansi, 6(1), 1–13. http://ejournal.unp.ac.id/students/index.php/akt/article/view/2955

Braiotta, L., Gazzaway, R. T., Colson, R. H., & Ramamoorti, S. (2010). The Audit Committee Handbook: Fifth Edition. In The Audit Committee Handbook: Fifth Edition (Fifth). John Wiley & Sons, Inc.,. https://doi.org/10.1002/9781119199816

CNN Indonesia. (2019). Membedah Keanehan Laporan Keuangan Garuda Indonesia 2018. https://www.cnnindonesia.com/ekonomi/20190424204726-92-389396/membedah-keanehan-laporan-keuangan-garuda-indonesia-2018

CNN Indonesia. (2021). Proyek Fiktif, 5 Mantan Pejabat Waskita Karya Divonis Penjara. https://www.cnnindonesia.com/nasional/20210426134201-12-634827/proyek-fiktif-5-mantan-pejabat-waskita-karya-divonis-penjara

Dahayani, N. K. S., Budiartha, I. K., & Suardikha, I. M. (2017). Pengaruh Kebijakan Dividen Pada Manajemen Laba Dengan Good Corporate Governance Sebagai Moderasi. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 6(4), 1395–1424.

Diri, M. El. (2017). Introduction to earnings management. In Introduction to Earnings Management. https://doi.org/10.1007/978-3-319-62686-4

Fitriyah, F. (2020). Pengaruh Corporate Governance, Ukuran Perusahaan, dan Leverage terhadap Earnings Management dengan Variabel CSR sebagai Variabel Intervening. Jurnal Mandiri : Ilmu Pengetahuan, Seni, Dan Teknologi, 4(2), 178–191. https://doi.org/10.33753/mandiri.v4i2.116

Halim, S. A., Gani, P., Siregar, H., & Fajrillah. (2020). Pengaruh Good Corporate Governance, Corporate Social Responsibility, dan Ukuran Perusahaan terhadap Manajemen Laba. Terapan Informatika Nusantara, 1(4), 163–170.

Hendra, J., Koesharjono, H., & Priantono, S. (2018). Implication Of Good Corporate Governance And Leverage On Earnings Management. International Journal of Social Science and Business, 2(1), 1–9.

Indracahya, E., & Faisol, D. A. (2017). The Effect of Good Corporate Governance Elemets, Leverage, Firm Age, Company Size and Profitability On Earning Management (Empirical Study Of Manufacturing Companis inn BEI 2014-2016). Profita, 10(2), 203–227. http://digilib.mercubuana.ac.id/manager/t!@file_artikel_abstrak/Isi_Artikel_993612022919. pdf

Internal Finance Corporation. (2018). Indonesia Corporate Governance Manual, Second Edition. Indonesia Corporate Governance Manual, Second Edition. https://doi.org/10.1596/30122

Istikhomah, M., & Widyawati, D. (2019). Jurnal Ilmu dan Riset Akuntansi e-ISSN: 2460-0585. Pengaruh Good Corporate Governance, Leverage, Dan Ukuran Perusahaan Terhadap Manajemen Laba, 8, 22. http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/view/207

Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Financial Economics, 3(4), 305–360. https://doi.org/10.2139/ssrn.94043

Jeradu, E. F. (2021). Pengaruh Ukuran Perusahaan, Kebijakan Dividen, Dan Perencanaan Pajak Terhadap Manajemen Laba. Akmenika: Jurnal Akuntansi Dan Manajemen, 18(1). https://doi.org/https://doi.org/10.31316/akmenika.v18i1.1494

Kurniawansyah, D. (2018). Apakah Manajemen Laba Termasuk Kecurangan ? : Analisis Literatur. Jurnal Riset Akuntansi Dan Bisnis Airlangga, 3(1), 341–356. https://doi.org/10.31093/jraba.v3i1.97

ayasari, M., Yuliandini, A., & Permatasari, I. I. (2019). the Influence of Corporate Governance, Company Size, and Leverage Toward Earning Management. Jurnal Akuntansi Trisakti, 6(1), 19. https://doi.org/10.25105/jat.v6i1.4869

Mitnick, B. M. (2015). Agency Theory. Wiley Encyclopedia of Management, 1–6. https://doi.org/10.1002/9781118785317.weom020097

Muda, I., Maulana, W., Siregar, H. S., & Indra, N. (2018). The analysis of effects of good corporate governance on earnings management in Indonesia with panel data approach. Iranian Economic Review, 22(2), 599–625. https://doi.org/10.22059/ier.2018.66169

Nabilah, L., & Hapsari, D. W. (2019). PENGARUH KEBIJAKAN DIVIDEN, AKTIVITAS KOMITE AUDIT, KEPEMILIKAN MANAJERIAL, DEWAN KOMISARIS INDEPENDEN DAN KOMPENSASI BONUS TERHADAP MANAJEMEN LABA. Jurnal Media Riset Akuntansi, Auditing & Informasi, 6(2). https://doi.org/http://dx.doi.org/10.25105/mraai.v17i1.2023

Nurfatimah, siti nuke., Wiharno, H., & Triyana, T. (2020). Pengaruh Pengungkapan Corporate Social Responsibility (Csr), Free Cash Flow, Dan Ukuran Perusahaan Terhadap Manajemen Laba. Jurnal Ekonomi Akuntansi Dan Manajemen, 1(1), 1–11.

Padmini, L. S., & Ratnadi, N. M. D. (2020). The Effect of Free Cash Flow, Dividend Policy, and Financial Leverage on Earnings Management. American Journal of Humanities and Social Sciences Research, 4(1), 195–201.

Panjaitan, D. K., & Muslih, M. (2019). MANAJEMEN LABA: UKURAN PERUSAHAAN, KEPEMILIKAN MANAJERIAL DAN KOMPENSASI BONUS (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2014-2017). MANAJEMEN LABA: UKURAN PERUSAHAAN, KEPEMILIKAN MANAJERIAL DAN KOMPENSASI BONUS (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2017), 11(1), 1–20. https://doi.org/10.17509/jaset.v11i1.15726

Presiden Republik Indonesia. (2003). UNDANG - UNDANG REPUBLIK INDONESIA NOMOR 19 TAHUN 2003 TENTANG BADAN USAHA MILIK NEGARA. https://jdih.kemenkeu.go.id/fullText/2003/19TAHUN2003UU.htm

Puspitasari, E. P., Diana, N., & Mawardi, M. C. (2019). Pengaruh Faktor Good Corporate Governance, Free Cash Flow, dan Leverage Terhadap Manajemen Laba Pada Perusahaan Batu Bara. E-Jra, 08(03), 87–100.

Puspitasari, V., & Sapari. (2019). Pengaruh Mekanisme Corporate Governance, Profitabilitas, Ukuran Perusahaan, Dan Leverage Terhadap Manajemen Laba. Jurnal Ilmu Dan Riset Akuntansi Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya ABSTRACT, 08(03), 1–21.

Ross, S., Westerfield, R., & Jordan, B. (2019). Essentials of Corporate Finance (Tenth, Vol. 148). McGraw-Hill Education.

Santi, D. K., & Wardani, D. K. (2018). Pengaruh Tax Planning, Ukuran Perusahaan, Corporate Social Responsibility (Csr) Terhadap Manajemen Laba. Jurnal Akuntansi, 6(1), 11–24. https://doi.org/10.24964/ja.v6i1.536

Sari, N. P. Y. P., Mendra, N. P. Y., & Saitri, P. W. (2019). Pengaruh Good Corporate Governance Dan Leverage Terhadap Manajemen Laba Pada Perusahaan Pertambangan. PENGARUH PROFITABILITAS, MEKANISME GOOD CORPORATE GOVERNANCE DAN LEVERAGE TERHADAP MANAJEMEN LABA PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2019, 2(1), 439–453.

Sekaran, U., & Bougie, R. (2016). Research Methods for Business (7th ed.). John Wiley & Sons Ltd. https://doi.org/10.1007/978-94-007-0753-5_102084

Subramanyam, K. ., & Wild, J. j. (2014). Financial Statement Analysis 11 edition (Eleventh). McGraw-Hill Education.

Sulistyanto, H. S. (2018). Manajemen Laba Teori dan Model Empiris (M. A. Listyandri (ed.); 2nd ed.). PT. Grasindo.

Wijayanti, P. R., & Subardjo, A. (2018). Pengaruh Mekanisme Good Corporate Governance, Kebijakan Deviden, Dan Profitabilitas Terhadap Manajemen Laba. Jurnal Ilmu Dan Riset Akuntansi, 7(7).

Wild, J. J., & Shaw, K. W. (2019). Fundamental Accounting Principles. In The Irwin series in accounting.

Wiratama, P., & Budiwitjaksono, G. S. (2021). Faktor-Faktor Yang Mempengaruhi Manajemen Laba Pada Perusahaan Badan Usaha Milik Negara (BUMN) Yang Terdaftar Pada Bursa Efek Indonesia (BEI) Tahun 2017 - 2019. Relasi : Jurnal Ekonomi, 17(1), 92–121. https://doi.org/10.31967/relasi.v17i1.413


Refbacks

  • There are currently no refbacks.


Copyright (c) 2022 Arifin Arifin, Ivany Wardhana

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

favicon  Fakultas Ekonomi dan Bisnis | Universitas Pelita Harapan | Kampus Universitas Pelita Harapan | Gedung F Lt. 12 | Lippo Karawaci, Tangerang - 15811 | Telp 021-5460901 | Fax 54210992