Pengaruh Ukuran Perusahaan, Leverage dan Profitabilitas terhadap Manajemen Laba dengan Kompensasi Bonus sebagai Variabel Moderating
DOI:
https://doi.org/10.33395/owner.v6i2.830Keywords:
Earning Management, Firm Size, Leverage, profitability, Bonus CompensationAbstract
This study aims to find empirical evidence regarding the effect of firm size, leverage and profitability on earnings management with bonus compensation as a moderating variable. A total of 194 manufacturing companies listed on the Indonesia Stock Exchange during the period 2018 to 2019 were used as the study population. Purposive sampling was used as a sampling method which obtained 87 companies with 126 units of analysis. Data collection in the study was carried out using the documentation method. This study uses the method of moderated regression analysis (MRA) which is processed through IBM SPSS Statistics 21 software. This study proves empirically that there is a negative effect between firm size on earnings management, and there is a positive effect between profitability on earnings management and there is no influence between leverage to earnings management. Furthermore, bonus compensation can be used to moderate the effect of profitability on earnings management, but cannot moderate the effect of firm size and leverage on earnings management. The conclusion of this study is earnings management practices will increase when the company has a high level of profitability. High profitability from management tends to maximize profits by maximizing bonuses received by managers, increasing company performance so that it looks good and gains the trust of investors.
Downloads
References
Agustia, Y. P., & Suryani, E. (2018). Pengaruh Ukuran Perusahaan, Umur Perusahaan, Leverage, dan Profitabilitas Terhadap Manajemen Laba (Studi Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2014-2016). Jurnal Aset (Akuntansi Riset), 10(1), 63–74.
Alam, N., Ramachandran, J., & Nahomy, A. H. (2020). The Impact Of Corporate Governance and Agency Effect On Earnings Management – A Test of The Dual Banking System. Research in International Business and Finance, 54(1), 1–26. https://doi.org/10.1016/j.ribaf.2020.101242
Ali, U., Noor, M., Khurshid, M. K., & Mahmood, A. (2015). Impact of Firm Size on Earnings Management: A Study of Textile Sector of Pakistan. SSRN Electronic Journal, 7(28), 47–56. https://doi.org/10.2139/ssrn.2698317
Aljana, B. T., & Purwanto, A. (2017). Pengaruh Struktur Kepemilikan Dan Kualitas Audit Terhadap Manajemen Laba. Diponegoro Journal of Accounting, 6(3), 1–15.
Amelia, W., & Hernawati, E. (2016). Pengaruh Komisaris Independen, Ukuran Perusahaan dan Profitabilitas terhadap Manajemen Laba. Neo-Bis, 10(1), 62–77.
Aorora, A. (2018). Pengaruh Good Corporate Governance dan ukuran perusahaan terhadap manajemen laba Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Anissa Aorora. Akuntansi, Fakultas Ekonomi, Universitas Negeri Padang, 1–13.
Aryengki, R., Satriawan, R., & Rofika, R. (2016). Pengaruh Komite Audit, Kualitas Audit, Likuiditas Dan Ukuran Perusahaan Terhadap Kualitas Laba Pada Perusahaan Industry & Chemical Yang Terdaftar Di Bursa Efek Indonesia Tahun 2011-2014. Jurnal Online Mahasiswa Fakultas Ekonomi Universitas Riau, 3(1), 2192–2206.
Astari, A. A. M. R., & Suryanawa, I. K. (2017). Faktor-Faktor Yang Mempengaruhi Manajemen Laba. E-Jurnal Akuntansi, 20(1), 290–319.
Astuti, P. W. (2017). Pengaruh Profitabilitas, Ukuran Perusahaan, Leverage, dan Kualitas Audit terhadap Manajemen Laba (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2012-2015). Jurnal Fakultas Ekonomi Dan Bisnis: Universitas Muhammadiyah Surakarta, 1–17.
Banjarnahor, D. (2018). Drama Bank Bukopin: Kartu Kredit Modifikasi dan Rights Issue. CNBC Indonesia. https://www.cnbcindonesia.com/market/20180427144303-17-12810/drama-bank-bukopin-kartu-kredit-modifikasi-dan-rights-issue
Dewi, P. E., & Wirawati, N. G. (2019). Pengaruh Leverage Terhadap Manajemen Laba Dengan Corporate Governance Sebagai Variabel Pemoderasi. Jurnal Akuntansi Universitas Udayana, 27(1), 505–533.
Dewi, P. P., & Rego, chanco mendonca do. (2018). Kompensasi Bonus , Kepemilikan Keluarga dan Manajemen Laba. Jurnal Ilmiah Akuntansi & Bisnis, 3(1), 71–81.
Dilah, E., Rahmah, D., & Iskandar, Y. (2021). The Effect of Profitability and Financial Risk on Earning Management of Mo- bile Telecommunication Operators That Registered in Indonesia Stock Ex- change Period 2015 - 2018. International Conference on Economics, Management, and Accounting, 2021, 362–368. https://doi.org/10.11594/nstp.2021.1041
Effendi, E., & Rahmadanti, R. (2021). The Effect of Disclosure of Other Comprehensive Income , Profitability , Leverage , and Company Size on Earnings Management ( Study on Financing Institutions Sub-Sector Service Companies Listed on the Indonesia Stock Exchange for the 2018-2019 Period ). Journal of Management, 12(1), 243–252.
Gunawan, I. K., Darmawan, N. A. S., & Purnamawati, I. G. A. (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, 03(01), 1–10.
Harahap, S. H. (2019). Analysis of the Impact of Managerial Ownership , Institutional Ownership , Firm Size , Leverage , Profitability and Sales Growth Toward Earnings Management in Manufacturing Companies Listed on IDX in the 2015-2019 Period. International Journal of Reseach Publications, 69(1), 273–286.
Hasty, A. D., & Herawaty, V. (2017). Pengaruh Struktur Kepemilikan, Leverage, Profitabilitas Dan Kebijakan Dividen Terhadap Manajemen Laba Dengan Kualitas Audit Sebagai Variabel Moderasi. Media Riset Akuntansi, Auditing & Informasi, 17(1), 1–16. https://doi.org/10.25105/mraai.v17i1.2023
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. Journal of Financial Economics, 3, 305–360. https://doi.org/10.1177/0018726718812602
Kasmir. (2016). Analisis Laporan Keuangan. Raja Grafindo Persada.
Lazzem, S., & Jilani, F. (2018). The Impact of Leverage on Accrual-Based Earnings Management: The Case of Listed French Firms. Research in International Business and Finance, 44, 350–358. https://doi.org/10.1016/j.ribaf.2017.07.103
Lestari, E., & Murtanto, M. (2018). Pengaruh Efektivitas Dewan Komisaris Dan Komite Audit, Struktur Kepemilikan, Dan Kualitas Audit Terhadap Manajemen Laba. Media Riset Akuntansi, Auditing & Informasi, 17(2), 97. https://doi.org/10.25105/mraai.v17i2.2063
Lidiawati, N., & Asyik, N. F. (2016). Pengaruh Kualitas Audit, Komite Audit, Kepemilikan Institusional, Ukuran Perusahaan Terhadap Manajemen Laba. Jurnal Ilmu Dan Riset Akuntansi, 5(5), 1–19.
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). Jurnal Aset (Akuntansi Riset), 11(1), 1–20. https://doi.org/10.17509/jaset.v11i1.15726
Prasetya, P. J., & Gayatri. (2016). Pengaruh Ukuran Perusahaan Terhadap Manajemen Laba dengan Pengungkapan Corporate Social Responsibility sebagai Variabel Intervening. E-Jurnal Akuntansi Universitas Udayana, 14(1), 511–538.
Purnama, D. (2017). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Kepemilikan Institusional dan Kepemilikan Manajerial terhadap Manajemen Laba. Jurnal JRAK, 3(1), 1–14.
Ross, S. A. (1977). Determination of Financial Structure: the Incentive-Signalling Approach. Bell J Econ, 8(1), 23–40. https://doi.org/10.2307/3003485
Sari, N. P., & Khafid, M. (2020). Peran Kepemilikan Manajerial dalam Memoderasi Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Kebijakan Dividen Terhadap Manajemen Laba pada Perusahaan BUMN. Moneter - Jurnal Akuntansi Dan Keuangan, 7(2), 222–231. https://doi.org/10.31294/moneter.v7i2.8773
Scott, W. R. (2015). Financial accounting theory (seventh ed). Pearson Canada Inc.
Sebastian, B., & Handojo, I. (2019). Pengaruh Karakteristik perusahaan dan Corporate Governance Terhadap Manajemen Laba. Jurnal Bisnis Dan Akuntansi, 21(1a-1), 97–108.
Simanjuntak, B. H., & Anugerah, lucky amirullah. (2018). Pengaruh Kecakapan Manajerial , Penerapan Corporate Governance , Kompensasi Bonus dan Leverage terhadap Manajemen Laba dengan Ukuran Perusahaan sebagai Variabel Moderasi ( Pada Perusahaan Manufaktur yang Terdaftar di BEI 2015-2017). Jurnal Magister Akuntansi Trisakti, 5(2), 165–184.
Sulistiyanto, S. (2018). Manajemen Laba (Teori Dan Model Empiris). In Grasindo. http://library1.nida.ac.th/termpaper6/sd/2554/19755.pdf
Suyoto, H., & Dwimulyani, S. (2019). Pengaruh Leverage dan Perencanaan Pajak Terhadap Manajemen Laba dengan Profitabilitas Sebagai variabel Moderasi. Prociding Seminar Nasional Pakar Ke-2, 2.15.1-2.15.9.
Taco, C., & Ilat, V. (2016). Pengaruh Earning Power, Komisaris Independen, Dewan Direksi, Komite Audit dan Ukuran Perusahaan Terhadap manajemen Laba Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia. Jurnal Emba, 4(4), 873–884.
Uwuigbe, U., Ranti, U. O., & Bernard, O. (2015). Assessment of the Effects of Firms Characteristics on Earnings Management of Listed Firms in Nigeria. Asian Economic and Financial Review, 5(2), 218–228. https://doi.org/10.18488/journal.aefr/2015.5.2/102.2.218.228
Van Horne, J. C., & Wachowicz, J. M. (2005). Fundamentals of Financial: Management Prinsip-Prinsip Manajemen Keuangan. Penerjemah: Dewi Fitriasari Dan Deny Arnos Kwary. Penerbit Salemba Empat: Jakarta.
Watts, R. L., & Zimmerman, J. L. (1990). Accounting Year Theory?: Ten Perspective. Review Literature And Arts Of The Americas, 65(1), 131–156. http://www.jstor.org/stable/247880
Widyaningrum, R., Amboningtyas, D., & Fathoni, A. (2016). The Effect of Free Cash Flow, Profitability, and Leverage to Earnings Managemet with Good Corporate Governance as A Moderating Variable. Jurnal Universitas Pandanaran.
Wiyadi, Trisnawati, R., Sasongko, N., & Fauzi, I. (2015). The Effect Of Information Asymmetry, Firm Size, Leverage, Profitability And Employee Stock Ownership On Earnings Management With Accrual Model. International Journal of Business and Management and Law, 8(2), 21–30.
Yustiningarti, N. D., & Asyik, N. F. (2017). Pengaruh Asimetri Informasi , Mekanisme Corporate Governance dan Kompensasi Bonus terhadap Manajemen Laba. Jurnal Ilmu Dan Riset Akuntansi, 6(September), 1–17.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Nurul Azizah Adyastuti, Muhammad Khafid
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
