Peran Koneksi Politik Dalam Memoderasi Pengaruh Karakteristik Dewan Direksi Terhadap Manajemen Laba Riil
Abstract
This study aims to examine the characteristics of the board of directors on real earnings management with political connections as a moderator. The characteristics of the board of directors used in this research include managerial share ownership, educational background, tenure and gender of the board of directors. The research sample used is a manufacturing company listed on the IDX. SAMPLING using purposive sampling and obtained as many as 348 observations. Panel data is processed with the GLS model. The results of the study found that board of directors share ownership has a negative effect on real earnings management. The educational background of the board of directors in accounting, business or finance was found to have a negative effect on real earnings management. A board of directors with a long term of office was found to have no influence on real earnings management, while research results between the gender of the female board of directors were found to have a significant influence on real earnings management. Political connection was found to have no effect on board of directors share ownership, tenure on real earnings management. Political connections were found to have a negative influence between the educational background of the board of directors on real earnings management. The presence of political connections will strengthen the negative influence of the educational background of the board of directors on earnings management. Political connections were found to have a significant positive effect or to moderate the relationship between female board of directors gender and real profit management.
Keywords: Real Earnings Management; Political Connection; Board of Directors Characteristic; Female Board of Directors
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References
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Faccio, M. (2006). Politically Connected Firms. American Economic Review, 96(1), 369–386. Https://Doi.Org/10.1257/000282806776157704
Fukuoka, Y. (2013). Indonesia’s “Democratic Transition” Revisited: A Clientelist Model Of Political Transition. Democratization, 20(6), 991–1013. Https://Doi.Org/10.1080/13510347.2012.669894
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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
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Healy, P. M. (1985). The Effect Of Bonus Schemes On Accounting Decisions. Journal Of Accounting And Economics, 7(1–3), 85–107. Https://Doi.Org/10.1016/0165-4101(85)90029-1
Hu, N., Huang, R., Li, X., & Liu, L. (2017). The Impact Of Ceos’ Accounting Backgrounds On Earnings Management And Conservatism. Journal Of Centrum Cathedra, 10(1), 4–24. Https://Doi.Org/10.1108/Jcc-10-2016-0016
J. Chris Razook. (2018). Board Diversity In Southeast Asia. International Finance Corporation.
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm : Managerial Behavior, Agency Costs And Ownership Structure. Human Relations, 72(10), 1671–1696. Https://Doi.Org/10.1177/0018726718812602
Jiang, F., Zhu, B., & Huang, J. (2013). Ceo’s Financial Experience And Earnings Management. Journal Of Multinational Financial Management, 23(3), 134–145. Https://Doi.Org/10.1016/J.Mulfin.2013.03.005
Khlif, H., & Achek, I. (2017). Gender In Accounting Research: A Review. Managerial Auditing Journal, 32(6), 627–655. Https://Doi.Org/10.1108/Maj-02-2016-1319
Kim, S. H., & An, Y. (2018). The Effect Of Ownership-Control Disparity On The Chinese Firm’s Real Activity Earnings Management. Pacific Accounting Review, 30(4), 482–499. Https://Doi.Org/10.1108/Par-01-2018-0003
Mnif, Y., & Cherif, I. (2020). Female Board Directorship And Earnings Management. Pacific Accounting Review, 33(1), 114–141. Https://Doi.Org/10.1108/Par-04-2020-0049
Ningsih, S. (2015). Pengelolaan Laba Melalui Aktivitas-Aktivitas Riil Perusahaan Perspektif Islam (Vol. 8, Issue 1).
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
Pappas, K., Walsh, E., & Xu, A. L. (2019). Real Earnings Management And Loan Contract Terms. British Accounting Review, 51(4), 373–401. Https://Doi.Org/10.1016/J.Bar.2019.03.002
Peni, E., & Vähämaa, S. (2010). Female Executives And Earnings Management. Managerial Finance, 36(7), 629–645. Https://Doi.Org/10.1108/03074351011050343
Rahma, A. (2020). Penelitian: 55 Persen Anggota Dpr Pengusaha, Potensi Konflik Kepentingan Besar. Liputan6.
Rofifah, D. (2020). Pengaruh Asimetri Informasi, Kepemilikan Manajerial Dan Kepemilikan Institusional Pada Manajemen Laba. Paper Knowledge . Toward A Media History Of Documents, 18(1), 12–26.
Roychowdhury, S. (2006). Earnings Management Through Real Activities Manipulation. Journal Of Accounting And Economics, 42(3), 335–370. Https://Doi.Org/10.1016/J.Jacceco.2006.01.002
Sani, A. A., Abdul Latif, R., & Al-Dhamari, R. A. (2020). Ceo Discretion, Political Connection And Real Earnings Management In Nigeria. Management Research Review, 43(8), 909–929. Https://Doi.Org/10.1108/Mrr-12-2018-0460
Shleifer, A., & Vishny, R. W. (1994). Shleifer1994. The Quarterly Journal Of Economics, November, 995–1025.
Steve O’callaghan, John Ashton, L. H. (2008). Earnings Management And Managerial Ownership In Private Firms. Journal Of Applied Accounting Research, 9(1). Https://Doi.Org/10.1108/Jaar.2008.37509aaa.001
Sun, R., & Zou, G. (2021). Political Connection, Ceo Gender, And Firm Performance. Journal Of Corporate Finance, September 2020, 101918. Https://Doi.Org/10.1016/J.Jcorpfin.2021.101918
Zang, A. Y. (2012). Evidence On The Trade-Off Between Real Activities Manipulation And Accrual-Based Earnings Management. Accounting Review, 87(2), 675–703. Https://Doi.Org/10.2308/Accr-10196
Alqatamin, R. M., Aribi, Z. A., & Arun, T. (2017). The Effect Of The Ceo’s Characteristics On Em: Evidence From Jordan. International Journal Of Accounting And Information Management, 25(3), 356–375. Https://Doi.Org/10.1108/Ijaim-10-2016-0099
Ayem, S., & Ongirwalu, S. N. (2020). C. (Jia) Jurnal Ilmiah Akuntansi, 5(2), 360–376.
Ayu, I., Pramesti, J., Ayu, I. G., & Budiasih, N. (2016). Pengaruh Asimetri Informasi, Leverage, Kepemilikan Manajerial Dan Kepemilikan Institusional Pada Manajemen Laba. E-Jurnal Akuntansi, 16(3), 1687–1715.
Azizah, F., & Amin, M. Al. (2020). Pengaruh Koneksi Politik Terhadap Kinerja Perusahaan. Journal Ofaccounting And Governance, 4(1), 1–17.
Baatwah, S. R., Salleh, Z., & Ahmad, N. (2015). Ceo Characteristics And Audit Report Timeliness: Do Ceo Tenure And Financial Expertise Matter? Managerial Auditing Journal, 30(8–9), 998–1022. Https://Doi.Org/10.1108/Maj-09-2014-1097
Ben Mohamed, E., Souissi, M. N., Baccar, A., & Bouri, A. (2014). Ceo’s Personal Characteristics, Ownership And Investment Cash Flow Sensitivity: Evidence From Nyse Panel Data Firms. Journal Of Economics, Finance And Administrative Science, 19(37), 98–103. Https://Doi.Org/10.1016/J.Jefas.2014.10.002
Bouaziz, D., Salhi, B., & Jarboui, A. (2020). Ceo Characteristics And Earnings Management: Empirical Evidence From France. Journal Of Financial Reporting And Accounting, 18(1), 77–110. Https://Doi.Org/10.1108/Jfra-01-2019-0008
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
Chi, J., Liao, J., & Chen, X. (2016). Politically Connected Ceos And Earnings Management: Evidence From China. Journal Of The Asia Pacific Economy, 21(3), 397–417. Https://Doi.Org/10.1080/13547860.2016.1176644
Dong, N., Wang, F., Zhang, J., & Zhou, J. (2020). Ownership Structure And Real Earnings Management: Evidence From China. Journal Of Accounting And Public Policy, 39(3), 106733. Https://Doi.Org/10.1016/J.Jaccpubpol.2020.106733
Duong, L., & Evans, J. (2016). Gender Differences In Compensation And Earnings Management: Evidence From Australian Cfos. Pacific Basin Finance Journal, 40, 17–35. Https://Doi.Org/10.1016/J.Pacfin.2016.07.004
Faccio, M. (2006). Politically Connected Firms. American Economic Review, 96(1), 369–386. Https://Doi.Org/10.1257/000282806776157704
Fukuoka, Y. (2013). Indonesia’s “Democratic Transition” Revisited: A Clientelist Model Of Political Transition. Democratization, 20(6), 991–1013. Https://Doi.Org/10.1080/13510347.2012.669894
Ghosh, A., Moon, D., Thank, W., Ali, A., Beasley, M., Benis, M., Byard, D., Darrough, M., Davis-Friday, P., Dennis, A., Deng, Z., Doogar, R., Edwards, A., Greenawalt, M., Gu, Z., Harris, L., Jain, P., Kerstein, J., Li, Y., … Ye, J. (2005). Auditor Tenure And Perceptions Of Audit Quality. In The Accounting Review (Vol. 80, Issue 2).
Guedhami, O., Pittman, J. A., & Saffar, W. (2014). Auditor Choice In Politically Connected Firms. Journal Of Accounting Research, 52(1), 107–162. Https://Doi.Org/10.1111/1475-679x.12032
Gull, A. A., Nekhili, M., Nagati, H., & Chtioui, T. (2018). Beyond Gender Diversity: How Specific Attributes Of Female Directors Affect Earnings Management. British Accounting Review, 50(3), 255–274. Https://Doi.Org/10.1016/J.Bar.2017.09.001
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
Habib, A., Ranasinghe, D., Wu, J. Y., Biswas, P. K., & Ahmad, F. (2022). Real Earnings Management: A Review Of The International Literature. Accounting And Finance, 62(4), 4279–4344. Https://Doi.Org/10.1111/Acfi.12968
Healy, P. M. (1985). The Effect Of Bonus Schemes On Accounting Decisions. Journal Of Accounting And Economics, 7(1–3), 85–107. Https://Doi.Org/10.1016/0165-4101(85)90029-1
Hu, N., Huang, R., Li, X., & Liu, L. (2017). The Impact Of Ceos’ Accounting Backgrounds On Earnings Management And Conservatism. Journal Of Centrum Cathedra, 10(1), 4–24. Https://Doi.Org/10.1108/Jcc-10-2016-0016
J. Chris Razook. (2018). Board Diversity In Southeast Asia. International Finance Corporation.
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm : Managerial Behavior, Agency Costs And Ownership Structure. Human Relations, 72(10), 1671–1696. Https://Doi.Org/10.1177/0018726718812602
Jiang, F., Zhu, B., & Huang, J. (2013). Ceo’s Financial Experience And Earnings Management. Journal Of Multinational Financial Management, 23(3), 134–145. Https://Doi.Org/10.1016/J.Mulfin.2013.03.005
Khlif, H., & Achek, I. (2017). Gender In Accounting Research: A Review. Managerial Auditing Journal, 32(6), 627–655. Https://Doi.Org/10.1108/Maj-02-2016-1319
Kim, S. H., & An, Y. (2018). The Effect Of Ownership-Control Disparity On The Chinese Firm’s Real Activity Earnings Management. Pacific Accounting Review, 30(4), 482–499. Https://Doi.Org/10.1108/Par-01-2018-0003
Mnif, Y., & Cherif, I. (2020). Female Board Directorship And Earnings Management. Pacific Accounting Review, 33(1), 114–141. Https://Doi.Org/10.1108/Par-04-2020-0049
Ningsih, S. (2015). Pengelolaan Laba Melalui Aktivitas-Aktivitas Riil Perusahaan Perspektif Islam (Vol. 8, Issue 1).
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
Pappas, K., Walsh, E., & Xu, A. L. (2019). Real Earnings Management And Loan Contract Terms. British Accounting Review, 51(4), 373–401. Https://Doi.Org/10.1016/J.Bar.2019.03.002
Peni, E., & Vähämaa, S. (2010). Female Executives And Earnings Management. Managerial Finance, 36(7), 629–645. Https://Doi.Org/10.1108/03074351011050343
Rahma, A. (2020). Penelitian: 55 Persen Anggota Dpr Pengusaha, Potensi Konflik Kepentingan Besar. Liputan6.
Rofifah, D. (2020). Pengaruh Asimetri Informasi, Kepemilikan Manajerial Dan Kepemilikan Institusional Pada Manajemen Laba. Paper Knowledge . Toward A Media History Of Documents, 18(1), 12–26.
Roychowdhury, S. (2006). Earnings Management Through Real Activities Manipulation. Journal Of Accounting And Economics, 42(3), 335–370. Https://Doi.Org/10.1016/J.Jacceco.2006.01.002
Sani, A. A., Abdul Latif, R., & Al-Dhamari, R. A. (2020). Ceo Discretion, Political Connection And Real Earnings Management In Nigeria. Management Research Review, 43(8), 909–929. Https://Doi.Org/10.1108/Mrr-12-2018-0460
Shleifer, A., & Vishny, R. W. (1994). Shleifer1994. The Quarterly Journal Of Economics, November, 995–1025.
Steve O’callaghan, John Ashton, L. H. (2008). Earnings Management And Managerial Ownership In Private Firms. Journal Of Applied Accounting Research, 9(1). Https://Doi.Org/10.1108/Jaar.2008.37509aaa.001
Sun, R., & Zou, G. (2021). Political Connection, Ceo Gender, And Firm Performance. Journal Of Corporate Finance, September 2020, 101918. Https://Doi.Org/10.1016/J.Jcorpfin.2021.101918
Zang, A. Y. (2012). Evidence On The Trade-Off Between Real Activities Manipulation And Accrual-Based Earnings Management. Accounting Review, 87(2), 675–703. Https://Doi.Org/10.2308/Accr-10196
Published
2023-08-30
How to Cite
MANOPO, Sharon; NUGRAHANT, Yeterina Widi.
Peran Koneksi Politik Dalam Memoderasi Pengaruh Karakteristik Dewan Direksi Terhadap Manajemen Laba Riil.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 8, p. 2028-2045, aug. 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/100436>. Date accessed: 19 nov. 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i08.p05.
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