The Influence of Institutional Ownership, Leverage, and Audit Committee on Earnings Management: Evidence of Companies Listed on the Indonesia Stock Exchange

Aga Arye Perdana

Abstract


Objective – This research aimed to analyze: 1) The influence of institutional ownership to earnings management, 2) The influence of leverage to earnings management dan 3) The influence of audit committee.

 

Design/methodology – Population in this research is entire companies listed on the Indonesia Stock Exchange (BEI) in 2015-2017. Election of the sample with the purposive sampling method and is obtained by the amount of sample counted 194 company. This research used secondary data. The analysis used is multiple linear regression and t-test, to seek the influence of institutional ownership, leverage, and audit committee to earnings management.

 

Results – Result of examination indicate that: 1) Institutional ownership had a significant effect to earnings management, with direction is positive 2) Leverage had a significant effect to earnings management, with direction is negative and 3) audit committee had a significant effect to earnings management, with direction is positive.

Keywords


Ownership; Leverage; Audit Committee; Earnings

Full Text:

PDF

References


(IKAI), I. K. A. I. (2018). Halaman depan-Tentang IKAI.

Agustia, D. (2013). Pengaruh faktor good corporate governance, free cash flow dan leverage terhadap manajemen laba. Jurnal Akuntansi Dan Keuangan, 15(1), 27–42.

Anagnostopoulou, S. C., & Tsekrekos, A. E. (2017). The effect of financial leverage on real and accrual-based earnings management. Accounting and Business Research. https://doi.org/10.1080/00014788.2016.1204217

Arifin, Z. (2007). Teori Keuangan dan Pasar Modal. Yogyakarta: Ekonisia.

Bapepam. (2004). Keputusan Ketua Bapepam No. Kep-29/ PM/ 2004 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit. Jakarta.

Bapepam. (2012). Surat Keputusan BAPEPAM-LK Nomor: Kep-643/BL/2012 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit. Jakarta: Badan Pengawas Pasar Modal dan Lembaga Keuangan.

Beams, F. A., & Al, E. (2007). Akuntansi Lanjutan. Jakarta: PT Indeks.

Brigham, E. F., & H, J. F. (2001). Manajemen keuangan. Jakarta: Erlangga.

Cheng, C. ., & Reitenga, A. (2009). Characteristics of institutional investors and dicretionary accruals. International Journal of Accounting and Information Management, 17(1), 5–26.

Dechow, P. M., Sloan, R. ., & Sweeney, A. . (1995). Detecting earning management. The Accounting Review, 70(2), 194–225.

Dwikusumowati, M. Z., & Rahardjo, S. N. (2013). Pengaruh karakteristik komite audit dan karakteristik perusahaan terhadap manajemen laba. Diponegoro Journal of Accounting, 2, 1–14.

Ebraheem, S. S. (2016). Ownership structure and earnings management : evidence from jordan. International Journal of Accounting and Information Management, 24(2), 135–161.

Fodio, M. I., Ibikunle, J., & Oba, V. C. (2013). Corporate governance mechanisms and reported earnings quality in listed Nigerian insurance firms. International Journal of Finance and Accounting, 2(5), 279–286. https://doi.org/doi:10.5923/j.ijfa

Gunawan, I., Surya, N. ., & Purnawati, I. (2015). Pengaruh ukuran perusahaan, profitabilitas dan leverage terhadap manajemen laba pada perusahaan manufaktur yang terdaftar di bursa efek Indonesia (BEI). E-Journal S1 Ak Universitas Pendidikan Ganesha, 3(1).

Healy, P. ., & Wahlen, J. M. (1999). A review of the earnings management literature and its implications for standard setting accounting horizons. Accounting & Tax, 363.

Jalil, A. A., & Rahman, R. A. (2010). Institutional investors and earnings management : Malaysian evidence. Journal of Financing Reporting and Accounting, 8(2), 110–127.

Jensen, & Meckling. (1976). Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics, Page : 365.

Jones, S., & Sharma, R. (2001). The impact of free cash flow, financial leverage and accounting regulation on earnings management in australia’s ‘Old’ and ‘New’ economies. Managerial Finance. https://doi.org/10.1108/03074350110767420

Klein, A. (2003). Likely effects of stock exchange governance proposals and sarbanes-oxley on corporate boards and financial reporting. Accounting Horizons. https://doi.org/10.2308/acch.2003.17.4.343

Kusumaningtyas, M. (2014). Pengaruh Ukuran Komite Audit Dan Kepemilikan Institusional Terhadap Manajemen Laba. Jurnal Bisnis Dan Akuntansi Prestasi. https://doi.org/22527141

Lin, W. J., Li, J. F., & Yang, J. S. (2006). The effect of audit committee performance on earnings quality. USA.

M.M., C., Marcuss, J., Saunders, & H, T. (2006). Earnings Management, Corporate Governance, and True Financial Performance.

Mahiswari, R., & Nugroho, P. I. (2016). Pengaruh Mekanisme Corporate Governance, Ukuran Perusahaan dan Leverage Terhadap Manajemen Laba dan Kinerja Keuangan. Jurnal Ekonomi Dan Bisnis. https://doi.org/10.24914/jeb.v17i1.237

Miko, N. U., & Kamardin, H. (2015). Impact of Audit Committee and Audit Quality on Preventing Earnings Management in the Pre- and Post- Nigerian Corporate Governance Code 2011. Procedia - Social and Behavioral Sciences. https://doi.org/10.1016/j.sbspro.2015.01.415

Nabila, A., & Daljono. (2013). Pengaruh Proporsi Dewan Komisaris Independen, Komite Audit, Dan Reputasi Auditor Terhadap Manajemen Laba. Journal of Accounting. https://doi.org/10.1016/j.jmwh.2005.04.004

Naftalia, V. C., & Marsono. (2013). Pengaruh leverage terhadap manajemen laba dengan corporate governance sebagai variabel pemoderasi. Diponegoro Journal of Accounting, 2(3), 1–8.

Pamudji, S., & Trihartati, A. (2012). Pengaruh Independensi Dan Efektivitas Komite Audit Terhadap Manajemen Laba. Jurnal Dinamika Akuntansi, 2(1), 21–29. https://doi.org/10.15294/jda.v2i1.1924

Ping, & Koh, S. (2006). Institutional investor type, earnings management and benchmark beaters. Journal of Accounting and Public Policy, 26(3), 267–299.

Prastiti, A. (2013). Pengaruh Karakteristik Dewan Komisaris dan Komite Audit terhadap Manajemen Laba. Semarang: Ekonomika dan Bisnis Universitas Diponegoro.

Putri, M. S., & Titik, F. (2015). Pengaruh Kepemilikan Manajerial, Leverage dan ukuran perusahaan terhadap Manajemen Laba pada perusahaan Food and Beverage. E-Proceeding of Management.

Saptantinah, D. (2005). Analisis Faktor-faktor yang Mempengaruhi Motivasi Manajemen Laba di Seputar Right Issue.

Sartono, A. (2001). Manajemen keuangan teori dan aplikasi. Yogyakarta: BPFE-Yogyakarta.

Scott, W. R. (2003). Financial Accounting Theory Fifth Edition. In Earning Management.

Setyapurnama, Y., & Norpratiwi, A. V. (2006). Pengaruh corporate governance terhadap peringkat obligasi dan yield obligasi. Jurnal Akuntansi Dan Bisnis, 7(2), 107–108.

Siregar, S. V. N. ., & Utama, S. (2005). Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, Dan Praktek Corporate Governance Terhadap Pengelolaan Laba (Earnings Management). Simposium Nasional Akuntansi.

Sudjatna, I., & Muid, D. (2015). Pengaruh Struktur Kepemilikan, Keaktifan Komite Audit, Dan Kualitas Audit Terhadap Manajemen Laba. Diponegoro Journal of Accounting.

Sun, J., & Liu, G. (2013). Auditor industry specialization, board governance, and earnings management. Managerial Auditing Journal. https://doi.org/10.1108/02686901311282498

Tarjo. (2008). Pengaruh Konsentrasi Kepemilikan Institusional dan Leverage terhadap Manajemen Laba, Nilai Pemegang Saham serta Cost of Equity Capital. Simposium Nasional Akuntansi XI Pontianak.

Tiswiyanti, W., Fitriyani, D., & Wiralestari. (2012). Analisis pengaruh komisaris independen, komite audit dan kepemilikan institusional terhadap manajemen laba. Jurnal Penelitian Universitas Jambi Seri Humaniora, 14(1), 61–66.

Wahyuningsih, P. (2009). Pengaruh Struktur Kepemilikan Institusional Dan Corporate Governance terhadap Manajemen Laba. Jurnal Bisnis Dan Akuntansi.

Wedari, & Kusumaning. (2004). Pengaruh ukuran komite audit dan kepemilikan institusional terhadap manajemen laba. Jurnal Prestasi, 13(1), 1–15.

Wild, & Subramayam. (2005). Financial statement analysis. Jakarta: Salemba Empat.

Wiryadi., & Sebrina. (2013). Pengaruh asimetri informasi, kualitas audit dan struktur kepemilikan terhadap manajemen laba. Jurnal Simposium Akuntansi, 1, 155–180.

Yamaditya, V., & Raharja. (2014). Pengaruh asimetri informasi, leverage dan ukuran perusahaan terhadap manajemen laba. Diponegoro Journal of Accounting, 3(4), 1–12.

Yendrawati, R., & Yuanifa, E. (2015). Pengaruh dewan komisaris independen, komite audit, kepemilikan manajerial, dan kepemilikan institusional terhadap manajemen laba. , Volume 4, Nomor 1 dan 2, September 2015. Jurnal Entrepreneur Dan Entrepreneurship, 4(1 dan 2).

Zamri, N., R.A, R., & Al, E. (2013). The impact of leverage on real earnings management. Journal Procedia Economics and Finance, 7(2013), 86–95.




DOI: https://doi.org/10.24815/jaroe.v2i2.14633

Refbacks

  • There are currently no refbacks.


Published by:

Accounting Department
Economics and Business Faculty
Syiah Kuala University
Kopelma Darussalam, Banda Aceh, Indonesia - 23111
E-ISSN: 2621-1041

 

Creative Commons License
Journal of Accounting Research, Organization and Economics by Accounting Department of Economics and Business Faculty of Syiah Kuala University is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Based on a work at http://www.jurnal.unsyiah.ac.id/JAROE/index.