THE EFFECT OF INFORMATION ASYMMETRY ON EARNING MANAGEMENT: THE ROLE OF CORPORATE GOVERNANCE AS A MODERATING VARIABLE
DOI:
https://doi.org/10.54973/jham.v4i2.388Keywords:
information asymmetry, profit management, corporate governance, manufacturing, IndonesiaAbstract
This research aims to examine the effect of information asymmetry on earnings management with corporate governance as a moderating variable. Bid-Ask Spread is used to measure information asymmetry variables. Discretionary accruals are used to measure earnings management. The proportion of independent board of commissioners, proportion of institutional ownership, proportion of managerial ownership, and number of audit members are used to measure the effectiveness of corporate governance. The population of this research was 139 manufacturing companies listed on the Indonesia Stock Exchange in 2016-2018 so that from this population a sample of 34 companies was obtained using the purposive sampling method. The data analysis technique used in this research is the Moderated Regression Analysis (MRA) interaction test. The research results show that information asymmetry has no effect on earnings management, an independent board of commissioners, institutional ownership and audit committee can moderate the effect of information asymmetry on earnings management, while managerial ownership cannot moderate the effect of information asymmetry on earnings management.
Downloads
References
Arens, et al. (2010). Auditing and Assurance Services: An Integrated Approach Thirdteen Edition. New Jersey: Pearson Prentice Hall.
Arifin. (2005). Peran Akuntan Dalam Menegakkan Prinsip Good Corporate Governance Pada Perusahaan Di Indonesia (Tinjauan Perspektif Teori Keagenan). Sidang Senat Guru Besar Universitas Diponegoro Semarang.
Bushee, Brian J., Institutional Investors, Long-Term Investment, and Earnings Management (January 1998). Available at SSRN: https://ssrn.com/abstract=52686 or http://dx.doi.org/10.2139/ssrn.52686
Chtourou et al. (2001). Corporate Governance and Earning Management. Available at SSRN: https://ssrn.com/abstract=275053 or
Dai et al. (2013). Information Asymmetry, Mutual Funds And Earnings Management: Evidence From China. China Journal of Accounting Research 6 (2013) 187–209
Dwiharyadi, Anda. (2017). Pengaruh Keahlian Akuntansi Dan Keuangan Komite Audit Dan Dewan Komisaris Terhadap Manajemen Laba. Jurnal Akuntansi Dan Keuangan Indonesia, Juni 2017, Vol. 14, No. 1, 75 – 93
Dwitayanti, Yevi. (2012). Pengaruh Asimetri Informasi Terhadap Konservatisme Akuntansi (Studi Pada Perusahaan Manufaktur Di Bursa Efek Indonesia). JMK, Vol. 10 (1)
Eisenhardt, K.M. (1989). Agency Theory: An Assessment and Review. Academy of Management Review, 14 (1), 57-74.
FCGI. (n.d.). Peranan Dewan Komisaris dan Komite Audit dalam Pelaksanaan Corporate Governance (Tata Kelola Perusahaan). Jilid 2. Jakarta: FCGI.
Ghozali, Imam. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25.Semarang: Badan Penerbit Universitas Diponegoro.
Gunawan, dkk. (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. Volume 03, No.01.
Harahap, H. Prawidaningrum. (2017). The Influence Of Information Asymmetry On Earnings Management With Good Corporate Governance (GCG) As The Moderating Variable. The Indonesian Accounting Review Vol. 7, No. 1, 61 – 68.
Harahap, Sofyan Syafri.. (2011). Teori Akuntansi Edisi Revisi 2011. Jakarta: Rajawali Pers.
Hayati, Annur F dan Gusnardi. (2012). Pengaruh Penerapan Mekanisme Good Corporate Governance Terhadap Manajemen Laba (Studi Pada BUMN Di Bursa Efek Indonesia Periode 2007-2009). Jurnal Akuntansi Volume XVI, No. 03, 364-379
Jensen, M.C. dan W.H. Meckling. (1976). “Theory Of The Firm: Managerial Behavior, Agency Cost And Ownership Structure”. Journal of Financial Economics 3: 305-360.
Kieso, Donal E. dkk. (2011). Intermediate Accounting, Volume I. IFRS Edition. United States of America: Quad/Graphic Inc.
Komite Nasional Kebijakan Governance. (2006). Pedoman Umum Good Corporate Governance Indonesia.Jakarta: KNKG
Lukviarman, Niki. (2016). Corporate Governance : Menuju Penguatan Konseptual dan Implementasi di Indonesia. Jakarta: Era Adicitra Intermedia.
Manggau, Anastasia Wenny. (2016). “Pengaruh Asimetri Informasi dan Ukuran Perusahaan Terhadap Manajemen Laba”. Jurnal Ekonomi Keuangan Vol 13 No 2. Fakultas Ekonomi dan Bisnis Universitas Mulawarman. Indonesia.
Muda, Iskandar.dkk. (2018). The Analysis of Effects of Good Corporate Governance on Earnings Management in Indonesia with Panel Data Approach. Iran. Econ. Rev. Vol. 22, No. 2, 2018. pp. 599-625
Noviani, Ana, (2019). Terancam Delisting, Ini Kata ManajemenTiga Pilar Sejahtera (AISA). Diakses dari https:// https://market.bisnis.com/ pada 2 Januari 2020
OECD. (2004). OECD Principles of Cororate Governance. Perancis: OECD
Pamudji, Sugeng Dan Aprillya Trihartati. (2010). Pengaruh Independensi Dan Efektivitas Komite Audit Terhadap Manajemen Laba. Jurnal Dinamika Akuntansi Vol. 2, No. 1, 21-2.
Pasaribu, R.B Fernando et al. (2015). Mekanisme Good Corporate Governance, Ukuran Perusahaan, Struktur Kepemilikan Manajerial Dan Leverage Pada Manajemen Laba Pada Emiten Perbankan Di Bursa Efek Indonesia. Jurnal Riset Dan Manajemen Bisnis, Volume 10, No.1, 1-22.
Pramithasari, A.A. Putu Kendran dan Yasa, Gerianta Wirawan. (2016). The Indonesian Accounting Review Vol. 6, No. 1, 37 – 44.
Rezaee, Zabihollah. (2009). Corporate Governance and Ethics. John Wiley & Sons, Inc.
Richardson, V.J. (2000). Information Asymmetry and Earnings Management: Some Evidence. Review of Quantitative Finance and Accounting 15 (4), 325–347.
Sari, Nurshadrina Kartika dan Diana Dwi Astuti. (2015). Faktor Yang Mempengaruhi Manajemen Laba Pada Sektor Perbankan Indonesia. Journal of Business and Banking ISSN 2088-7841 Vol 5 No 1, 95 – 112.
Scott, R. William. (2015). Financial Accounting Theory. Seventh Edition. Pearson Prentice Hall: Toronto.
Setiyanto, Muhamad Danu dan Rahardja. (2012). Pengaruh Mekanisme Corporate Governance Terhadap Manajemen Laba Dan Pengaruhnya Terhadap Kinerja Perusahaan (Studi Empiris Pada Perusahaan Manufaktur Di Bei). Diponegoro Journal Of Accounting Volume 1, Nomor 1, 1-15.
Sulistiawan, dkk. 2011. Creative Accounting. Mengungkap Manajemen Laba dan Skandal Akuntansi. Jakarta: Salemba Empat
Sulistiyanto, Sri. 2018. Manajemen Laba (Teori dan Model Empiris).Jakarta: Grasindo.
Sumanto, Bowo dan Asrori Kiswanto. 2014. Pengaruh kepemilikan institusional dan ukuran dewan komisaris terhadap manajemen laba. Accounting Analysis Journal Vol 3 (1)
Wiyadi. 2015. Information Asymmetry And Earning Management: Good Corporate Governance As Moderating Variable. South East Asia Journal of Contemporary Business, Economics and Law, Vol. 7, Issue 2. ISSN 2289-1560
