Pengaruh Koneksi Politik Terhadap Praktik Manajemen Laba Riil Pada Perusahaan Manufaktur di Indonesia

Supatmi Supatmi; Indriyani Dwi Putri

doi:10.33395/owner.v6i3.927

Authors

Supatmi Supatmi FEB UKSW
Indriyani Dwi Putri FEB UKSW

DOI:

10.33395/owner.v6i3.927

Keywords:

Board of commisioner, Board of director, Manufacturing, Political Connection, Real Earnings Management

Abstract

This study aims to analyze the effect of political connections on earnings management practices in manufacturing companies. The sample of this study was 153 manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2020 period with a total of 459 observations. Earnings management in this study was measured by real earnings management, namely abnormal CFO, abnormal discretionary expense, and abnormal production. Political connection is measured by the number of boards in the company, both the board of directors and the board of commissioners, who are politically connected. The research hypotheses were tested using panel data regression analysis techniques. The results showed that the politically connected board of commissioners has a positive effect on earnings management as measured by abnormal discretionary expense and a negative effect through the measurement of abnormal production. Politically connected board of commissioners has no effect on earnings management through abnormal measurement of CFO. Meanwhile, the politically connected board of directors was found to have no effect on earnings management, either by measuring abnormal CFO, abnormal discretionary expense, or abnormal production. The research findings confirm the application of agency theory that political connections within the company, especially politically connected boards, affect the company's earnings management practices

Downloads

Download data is not yet available.

Plum-X Analityc

References

Agustia, D. (2013). Pengaruh faktor good corporate governance, free cash flow, dan leverage terhadap manajemen laba. Jurnal Akuntansi Dan Keuangan, 15(1), 27–42. https://doi.org/10.9744/jak.15.1.27-42

Antonius, R., & Tampubolon, L. D. (2019). Analisis penghindaran pajak, beban pajak tangguhan, dan koneksi politik terhadap manajemen laba. Jurnal Akuntansi, Keuangan, Dan Manajemen, 1(1), 39–52. https://doi.org/10.35912/jakman.v1i1.5

Apriyani, Ika, S. R., & Sarnowo, H. (2013). Pengaruh koneksi politik dan corporate governance terhadap manajemen laba. Diponegoro Journal of Accounting, 0(0), 344–359. https://doi.org/https://doi.org/10.36217/ier.v3i1.76

Attia, M. B. R., Lassoued, N., & Attia, A. (2016). Political costs and earnings management: evidence from Tunisia. Journal of Accounting in Emerging Economies, 6(4), 388–407. https://doi.org/10.1108/jaee-05-2013-0022

Braam, G., Nandy, M., Weitzel, U., & Lodh, S. (2015). Accrual-based and real earnings management and political connections. International Journal of Accounting, 50(2), 111–141. https://doi.org/10.1016/j.intacc.2013.10.009

Chaney, P. K., Faccio, M., & Parsley, D. (2010). The quality of accounting information in politically connected firms. Journal of Accounting and Economics, 51(1-2), 58–76. https://doi.org/10.1016/j.jacceco.2010.07.003

Faccio, M. (2006). Politically Connected Firms. American Economic Review, 10. https://doi.org/DOI: 10.1257/000282806776157704

Faccio, M., Masulis, R. W., & Mcconnell, J. J. (2006). Political connections and corporate bailouts. Journal of Finance, 61(6), 2597–2635. https://doi.org/10.1111/j.1540-6261.2006.01000.x

Ferdiawan, Y., & Firmansyah, A. (2017). Pengaruh political connection, foreign activity, dan real earnings management terhadap tax avoidance. Jurnal Riset Akuntansi Dan Keuangan, 5(3), 1601–1624. https://doi.org/https://doi.org/10.17509/jrak.v5i3.9223

Fischer, M., & Rosenzweig, K. (1995). Attitudes of students and accounting practitioners concerning the ethical acceptability of earnings management. Journal of Business Ethics, 433–444. https://doi.org/https://doi.org/10.1007/BF00872085

Fitiasari, Y., & Suwandi. (2020). Peran koneksi politik memperkuat hubungan profitabilitas terhadap penghindaran pajak. Journal of Islamic Accounting and Tax, 3(28), 17–35. https://doi.org/http://dx.doi.org/10.30587/jiatax.v3i1.986

Gerayli, M. S., Yanesari, A. M., & Ma’atoofi, A. R. (2011). Impact of audit quality on earnings management: Evidence from Iran. International Research Journal of Finance and Economics, 66, 77–84.

Gumanti, T.A, Nastiti, A.S, Utami, E.S, & Manik, E. (2015). Audit quality and earnings management in indonesian initial public offerings. Mediterranean Journal of Social Sciences, 6(5), 21–22. https://doi.org/10.5901/mjss.2015.v6n5s5

Habib, A., Muhammadi, A. H., & Jiang, H. (2017). Political connections and related party transactions: evidence from Indonesia. International Journal of Accounting, 52(1), 45–63. https://doi.org/10.1016/j.intacc.2017.01.004

Hendi, & Ningsih, I. P. W. (2019). Pengaruh koneksi politik dan transaksi pihak berelasi terhadap manajemen laba pada perusahaan yang terdaftar di Bursa Efek Indonesia. Global Financial Accounting Journal, 3(2).

Hidayati, W., & Diyanty, V. (2018). Pengaruh moderasi koneksi politik terhadap kepemilikan keluarga dan agresivitas pajak. Jurnal Akuntansi & Auditing Indonesia, 22(1), 46–60. https://doi.org/10.20885/jaai.vol22.iss1.art5

Jensen, M., & Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. The Economic Nature of the Firm: A Reader, Third Edition, 283–303. https://doi.org/10.1017/CBO9780511817410.023

Karina, R. (2020). Pengaruh karakteristik komite audit dan auditor eksternal terhadap praktik manajemen laba di indonesia. Forum Ekonomi, 22(2), 307–318. https://doi.org/http://dx.doi.org/10.29264/jfor.v22i2.7304

Ling, L., Zhou, X., Liang, Q., Song, P., & Zeng, H. (2016). Political connections, overinvestments and firm performance: Evidence from Chinese listed real estate firms. Finance Research Letters, 18, 328–333. https://doi.org/10.1016/j.frl.2016.05.009

Mahawyahrti, T., & Budiasih, G. N. (2016). Asimetri informasi, leverage, dan ukuran perusahaan pada manajemen laba. Jurnal Ilmiah Akuntansi Dan Bisnis, 11(2), 100. https://doi.org/10.24843/jiab.2016.v11.i02.p05

Matangkin, L., & Mardiana, A. (2018). Pengaruh kemampuan manajerial dan koneksi politik terhadap reaksi investor dengan kecurangan laporan keuangan sebagai variabel. Jurnal Sistem Informasi, Manajemen Dan Akuntansi (SIMAK), 16(2), 181–208.

Nurudin, M., Mara, M. N., & Kusnandar, D. (2014). Ukuran sampel dan distribusi sampling dari beberapa variabel random kontinu. Buletin Ilmiah Mat. Stat. Dan Terapannya (Bimaster), 03(1), 1–6. https://doi.org/https://doi.org/http://dx.doi.org/10.26418/bbimst.v3i01.4461

Puspitasari, A., & Nugrahanti, Y. W. (2016). Pengaruh hubungan politik, ukuran kap, dan audit tenure terhadap manajemen laba riil. Jurnal Akuntansi Dan Keuangan, 18(1), 27–43. https://doi.org/10.9744/jak.18.1.27-43

Putri, C. M., & Supatmi, S. (2020). Pengaruh dewan terkoneksi politik terhadap tingkat simpanan, tingkat kredit dan risiko kredit perbankan di Indonesia. Jurnal Penelitian Dan Pengembangan Sains Dan Humaniora, 4(2), 158–168. https://doi.org/http://dx.doi.org/10.23887/jppsh.v4i2.31587

Roychowdhury, S. (2006). Earnings management through real activities manipulation. Journal of Accounting and Economics, 42, 335–370. https://doi.org/10.1016/j.jacceco.2006.01.002

Scott, W. R. (1997). Financial accounting theory. Canada Prentice Hall.

Sucipto, H., & Zulfa, U. (2021). Pengaruh good corporate governance, financial distress, dan ukuran perusahaan terhadap manajemen laba. Jurnal Riset Akuntansi Dan Keuangan Dewantara, 4(1), 13–22. https://doi.org/https://doi.org/10.26533/jad.v4i1.737

Sulistiyono, S. (2008). Manajemen Laba: Teori dan Model Empiris. PT Grasindo.

Sulistyanto, H. S. (2008). Manajemen laba teori & model empiris. PT Grasindo.

Supatmi. (2020). Pengaruh transaksi pihak berelasi terhadap kinerja perusahaan dengan koneksi politik sebagai pemoderasi (Disertasi yang tidak dipublikasikan). Universitas Brawijaya, Malang.

Supatmi, S., Sutrisno, S., Saraswati, E., & Purnomosidhi, B. (2021). Abnormal related party transactions, political connection, and firm value: Evidence from indonesian firms. International Journal of Business and Society, 22(1), 461–478. https://doi.org/10.33736/IJBS.3189.2021

Wareza, M. (2019). Tiga tilar dan drama penggelembungan dana. CNBC Indonesia. https://www.cnbcindonesia.com/market/20190329075353-17-63576/tiga-pilar-dan-drama-penggelembungan-dana

Wu, W., Wu, C., Zhou, C., & Wu, J. (2012). Political connections, tax benefits and firm performance: Evidence from China. Journal of Accounting and Public Policy, 31(3), 277–300. https://doi.org/10.1016/j.jaccpubpol.2011.10.005

Wulandari, L. (2018). Pengaruh political connection pada dewan komisaris dan dewan direksi terhadap kinerja perusahaan sektor pertambangan. Jurnal Ilmiah Mahasiswa Universitas Surabaya, 7(1), 1196–1226.