PENGARUH EARNINGS MANAGEMENT TERHADAP KINERJA PERUSAHAAN DENGAN CORPORATE GOVERNANCE SEBAGAI MODERATING VARIABLE (Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia)
| Main Authors: | , Indah Pramita sari Irawan, , Indra Wijaya Kusuma, Prof. Dr., MBA. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2011
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/89046/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=51464 |
Daftar Isi:
- Earnings management has two purposes, those are the good purpose and the bad purpose. The good purpose is to raise stock price by stabilizing its income, because basicaly, investors are more interested in company with stable earnings. The bad purpose is to maximize management�s utility in compensation, contract, and political cost. Only the bad purpose of earnings management is used in this study. Good corporate governance through independent commissioners, institutional ownership, managerial ownership, and audit quality are believed can reduce management�s intention to do earnings management. Therefore, in this study corporate governance is a moderating variable between the relatives of earnings management and corporate performance. In this study also includes the control variables, those are leverage and company size. The objects in this study are the top 10 companies in Corporate Governance Perception Index from 2001 until 2009. According to sample criteria that have been determined then the sample in this study obtained 54 companies samples. Return On Asset (ROA) is used to measure corporate performance and discretionary accrual for earnings management. Corporate governance uses dummy variable for institutional ownership and audit quality, while manajerial ownership and independent commissioner use percentage of ownership in their companies. Leverage measurement use debt to total asset and Natural Log total Asset for company performance measurement. Data analysis was performed using SPSS to test the main test regression and moderating test regression. The effect of earnings management toward company performance test shows significant negative result, which means the greater management do earnings management, the worse company performance will be. Then, for the effect of earnings management toward company performance and corporate governance as a moderating variable test shows significant result, which means good corporate governance is a significant moderating variable in strengthening the negative relatives between earnings management with company performance.