PERAN CORPORATE GOVERNANCE TERHADAP EARNINGS MANAGEMENT PADA FAMILY FIRMS YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE TAHUN 2016
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Keywords:
Corporate Governance, Earnings Management, Family Frms
Abstract
Abstract - This study aims to determine the role of corporate governance to earnings management in Indonesian family firms. This research uses quantitative approach and tested with multiple linear regression model. The object of this research is all companies listed in Indonesia Stock Exchange (BEI) except financial sector for the period of 2016. The amount of sample used in this research is 301 companies. The dependent variable used is abnormal accruals. While the independent variable used is family firms. Corporate governance in this study focuses on the composition of the board of commissioners and audit committee. The results of this study indicate that corporate governance can’t affect earnings management in family firms. Both family firm and non-family firm have the same ability and opportunity to earn earnings management. Companies in Indonesia still have not implemented good corporate governance. Earnings management may decrease along with increased leverage, sales growth, and operating cash flow.
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References
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Xie, B., W.N. Davidson III, dan P.J. Dadalt. 2003. Earnings Management and Corporate Governance: The Role of Board and The Audit Committee. Journal of Corporate Finance. Vol. 9(3): 295- 316.
Zhuang, J., Edwards D., dan Ma Virginita A.Capulong. 2000. Corporate Governance and Finance in East Asia: a Study of Indonesia, Republic of Korea, Malaysia, Philippines and Thailand. Vol. 1. Asian Development Bank: Manila, Philippines.
Zulvina, Yani. 2015. Pengaruh Komisaris Independen, Komite Audit, dan Blockholders terhadap Earnings Management. Vol. 2(2): 1-16.
Agustia, Dian. 2013. Pengaruh Faktor Good Corporate Governance, Free Cash Flow, dan Leverage terhadap Manajemen Laba. Jurnal Akuntansi dan Keuangan. Vol. 15(1): 27-42.
Al-Akra, M., dan P. Hutchinson. 2013. Family Firm Disclosure and Accounting Regulation Reform in the Middle East: The Case of Jordan. Research in Accounting Regulation. Vol. 25(1): 101-107.
Anderson, R.C., dan D.M. Reeb. 2003. Founding Family Ownership and Firm Performance: Evidence from the S&P 500. The Journal of Finance. Vol. 58(3): 1301-1328.
Boediono, Gideon S. 2005. Kualitas Laba: Studi Pengaruh Mekanisme Corporate Governance dan Dampak Manajemen Laba dengan Menggunakan Analisis Jalur. Simposium Nasional Akuntansi VIII.
Chi, C.W., Hung, K., Cheng, H.W., dan P. T. Lieu. 2015. Family Firm and Earnings Management in Taiwan: Influence of Corporate Governance. International Review of Economics and Finance. Vol. 36: 88-98.
Cho, J.H., K.A. Jeon dan J. Park. 2004. The Role of Audit Committees in Decreasing Earnings Management: Korean Evidence. International Journal of Accounting, Auditing, and Performance Evaluation. Vol. 1(1): 37-60.
Chtourou, S.M., Bedard, J., dan L. Courteau. 2001. Corporate Governance and Earnings Management. Unpublished Working Paper.
Claessens, S., Djankov, S., dan Larry Lang. 2000. The Separation of Ownership and Control in East Asian Corporations. Journal of Financial Economics. Vol. 58: 81-112.
CLSA. 2016. CG Watch 2016 Ecosystems Matter: Asia’s Path to Better Home Grown Governance. https://www.clsa.com/media-release-cg watch-2016/
Dechow, P.M., Sloan, R.G., dan A.P. Sweeney. 1995. Detecting Earnings Management. The Accounting Review. Vol. 70: 193-225.
DeFond, M.L., dan James Jiambalvo. 1994. Debt Covenant Violation and Manipulation of Accruals.Journal of Accounting and Economics. Vol. 17(1-2): 145-176.
Dwikusumowati, M.Z., dan S.N. Rahardjo. 2013. Pengaruh Karakteristik Komite Audit dan Karakteristik Perusahaan terhadap Manajemen Laba. Diponegoro Journal of Accounting. Vol. 2(4): 1-14.
Faccio, M., dan L.H.P. Lang. 2002. The Ultimate Ownership of Western European Corporations.Journal of Financial Economic. Vol. 65(3): 365-395.
Fodio, M.I., Ibikunle, J., dan V.C. Oba. 2013. Corporate Governance Mechanisms and Reported Earnings Quality in listed Nigerian Insurance Firms. International Journal of Finance and Accounting. Vol. 2(5): 279-286.
Guna, W.I., dan A. Herawaty. 2010. Pengaruh Mekanisme Good Corporate Governance, Independensi Auditor, Kualitas Audit dan Faktor lainnya terhadap Manajemen Laba. Jurnal Bisnis dan Akuntansi. Vol. 12(1): 39-52.
Jaggi, B., Leung, S., dan F. Gul. 2009. Family Control, Board Independence and Earnings Management: Evidence based on Hong Kong firms. Journal of Accounting and Public Policy. Vol. 28(4): 281-300.
Kusumaningtyas, M. 2012. Pengaruh Independensi Komite Audit dan Kepemilikan Institusional terhadap Manajemen Laba. Vol. 9(1): 41-61.
Mansor, N., Che-Ahmad, A., Ahmad-Zaluki, N.A., dan A.H. Osman. 2013. Corporate Governance and Earnings Management: A Study on the Malaysian Family and Non-Family Owned PLCs.International Conference on Economics and Business Research. Vol. 7: 221-229.
Murhadi, W.R. 2009. Studi Pengaruh Good Corporate Governance terhadap Praktik Earnings Management pada Perusahaan terdaftar di PT Bursa Efek Indonesia. Jurnal Manajemen dan Kewirausahaan. Vol. 11(1): 1-10.
OECD. 2015. OECD Corporate Governance Factbook. Diakses dari www.oecd.org/daf/ca/corporate-governance-factbook.html
OECD. 2017. OECD Survey of Corporate Governance Frameworks in Asia. Diakses dari https://www.oecd.org/daf/ca/OECD-Survey-Corporate Governance-Frameworks-Asia.pdf
Pamudji, S., dan A. Trihartati. 2010. Pengaruh Independensi dan Efektivitas Komite Audit terhadap Manajemen Laba. Jurnal Dinamika Akuntansi. Vol. 2(1): 21-29.
PwC Global. 2016. The ‘missing middle’: Bridging the strategy gap in family firms. Diakses dari https://www.pwc.com/gx/en/services/family business/family business-survey-2016.html
Scott, R.W. 2015. Financial Accounting Theory. 6th ed. Pearson Education Canada: Toronto.
Siregar, S.V., dan Sidharta Utama. 2008. Type of Earnings Management and the Effect of Ownership Structure, Firm Size, and Corporate Governance Practices: Evidence from Indonesia. The International Journal of Accounting. Vol. 43: 1-27.
Ujiyantho, M.A., dan B.A. Pramuka. 2007. Mekanisme Corporate Governance, Manajemen Laba, dan Kinerja Keuangan. Simposium Nasional Akuntansi X.
Weber, J., Lavelle, L., Lowry, T., Zellner, W., dan Barrett A. 2003. Family Inc. Business Week.
Xie, B., W.N. Davidson III, dan P.J. Dadalt. 2003. Earnings Management and Corporate Governance: The Role of Board and The Audit Committee. Journal of Corporate Finance. Vol. 9(3): 295- 316.
Zhuang, J., Edwards D., dan Ma Virginita A.Capulong. 2000. Corporate Governance and Finance in East Asia: a Study of Indonesia, Republic of Korea, Malaysia, Philippines and Thailand. Vol. 1. Asian Development Bank: Manila, Philippines.
Zulvina, Yani. 2015. Pengaruh Komisaris Independen, Komite Audit, dan Blockholders terhadap Earnings Management. Vol. 2(2): 1-16.
Published
2018-03-01
Section
Bidang Akuntansi (AK)
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