Earnings Management and Different Tax Book To Explain Earnings Persistency
Abstract
The study aims to test the direct and indirect effects of earnings management on earnings persistence through different tax books. Opportunistic earnings management results can reduce persistence of accruals. A decrease in accrual persistence will reduce earnings persistence. Different book tax variable was added as an alternative explanation. Earnings management can increase the book tax different reported by the company. A high tax different book can also reduce earnings persistence. A high tax different book is a signal of poor earnings quality. The population of this study is companies listed on the Indonesia Stock Exchange. The sample of this research is manufacturing companies listed on the Indonesia Stock Exchange in 2012-2018. Data analysis methods used in this study were descriptive statistics and path analysis. The path analysis results prove that there is an indirect effect of earnings management on earnings persistence through different tax books. The results of the study prove that there is no direct influence of earnings management on earnings persistence.
Keywords: Book Tax Different; Earnings Management; Earnings Persistency.
Downloads
Download data is not yet available.
References
Undang Undang Republik Indonesia No 28 Tahun 2007 tentang Ketentuan Umum dan Tata Cara Perpajakan. (2007).
Undang Undang Nomor 36 tentang ajak Penghasilan. (2008). Jakarta.
Adiati, A. K., & Rahmawati. (2015). Manajemen Laba, Large Book-Tax Differences, dan Persistensi Laba. Seminar Nasional Akuntansi. Medan: Ikatan Akuntan Indonesia.
Amelia, N., & Yudianto, I. (2016). Pengaruh Book-Tax Differences pada Kualitas Laba dengan Manajemen Laba sebagai Variabel Intervening. Jurnal Akuntansi dan Keuanga 16(1).
Ammann, M., Oesch, D., & M.Schmid, M. (2011). Corporate governance and firm value: International evidence. Journal of Empirical Finance 18(1), 36-55.
Baeka, J.-S., Kangb, J.-K., & Park, K. S. (2004). Corporate governance and firm value: evidence from the Korean financial crisis. Journal of Financial Economics 71, 265–313.
Belkoui, A. R. (2007). Teori Akuntansi Edisi 5. Jakarta: Salemba Empat.
Bhat, K. U., Chen, Y., Jebran, K., & Bhutto, N. A. (2018). Corporate governance and firm value: a comparative analysis of state and non-state owned companies in the context of Pakistan. Corporate Governance: The International Journal of Business in Society 18 (6), 1196-1206.
Cohen, D. A. (20013). Quality of Financial Reporting Choice: Determinants and Economic Consequences. Dallas: University of Texas.
Dechow, P. M., Sloan, R. G., & P.Sweeny, A. (1995). Detecting Earnings Management. The Accounting Review 70 , 193-225.
Dechow, P., & Dichev, I. (2002). The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors. The Accounting Review 77 (Supplement), 35-59.
Desai, M. A., & Dharmapala, D. (2006). Corporate tax avoidance and firm value. The Review of Economics and Statistics 91(3), 537-546.
Dewanata, P., & Achmad, T. (2017). Pengaruh Perencanaan Pajak Terhadap Nilai Perusahaan dengan Kualitas Corporate Governance sebagai Variabel Moderasi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI pada Tahun 2012-2014). Diponegoro Journal of Accounting 6(1), 1-7.
Fanani, Z. (2010). Analisis Faktor Penentu Persistensi Laba. Jumal Akuntansi dan Keuangan Indonesia 7(1), 109-123.
Friese, A., Link, S., & Mayer, S. (2006). Taxation and Corporate governance. Munich, Germany: Max Planck Institute for Intellectual Property, Competition and Tax Law.
Gunadi. (2001). Akuntansi Pajak Sesuai dengan Undang-undang Pajak Baru. Jakarta: Garasindo.
Hanlon, M. (2005). The Persistence and Pricing of Earnings, Accruals, and Cash Flows When Firms Have Large Book-tax Differences. . The Accounting Review 80 (March), 137-166.
Hanlon, M., & Slemrod, J. (2009). What does tax aggressiveness signal?Evidence from stock price reactions to news about tax shelter involvement. Journal of Public Enonomic, 93(1-2), 126-141.
IAI. (2007). Pernyataan Standar Akuntansi Keuangan 46 tentang AKuntansi Pajak Penghasilan. Jakarta.
Jensen, M., & Meckling, W. H. (1976). Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Finance Economics 3 , 305-360.
KNKG. (2006). Pedoman Umum Good Corporate Governance Indonesia. Jakarta: Komine Nasional Kebijakan Governance.
Lev, B., & Thiagarajan, R. (1993). Fundamental Information Analysis. Journal o f Accounting Research 31 (2), 190-215.
Martani, D., & Chasbiandani, T. (2012). Pengaruh Tax Planning Jangka Panjang Terhadap Nilai Perusahaan. Seminar Nasional Akuntansi XV. Banjarmasin: Ikatan Akuntan Indonesia.
Minnick, K., & Noga, T. (2010). Do Corporate governance Characteristics Influence Tax Management? Journal of Corporate Finance 16, 703-718.
Monks, R. A., & Minow, N. (2001). Corporate Governance 3rd Edition. Blackwell Publishing.
Penman, S. H. (2001). On Comparing Cash Flow and Accrual Accounting Models For Use in Equity Valuation. New York: Columbia University.
Penman, S. H., & Zhang, X.‐J. (2002). Conservatism, the Quality o f Earning and Stock Returns. Accounting Rivew 77(2), 237-264.
Persada, A. E., & Martani, D. (2010). “Analisis Faktor yang Mempengaruhi Book Tax Gap dan pengaruhnya terhadap Persistensi Laba. Jurnal Akuntansi dan Keuangan Indonesia 7(2).
Prasetyo, B. H., & Rafitaningsih. (2015). Analisis Book Tax Differences Terhadap Persistensi Laba, Akrual Dan Aliran Kas Pada Perusahaan Jasa Telekomunikas. Jurnal Ilmiah Akuntansi Fakultas Ekonomi 1(1), 27-32.
Richardson, S. (2003). Earnings Quality and Short Sellers. Supplement. Accounting Horizons. Accounting Horizons 17, 49-61.
S., A. S., Pratomo, D., & Nurbaiti, A. (2016). Pengaruh Book Tax Differences Dan Aliran Kas Operasi Terhadap Persistensi Laba. Jurnal Akuntansi 20(2), 314-329.
Sari, D. P., & Purwaningsih, A. (2014). Pengaruh Book Tax Differences Terhadap Manajemen Laba. MODUS 26(2), 121-131.
Scott, R. W. (2000). Financial Accounting Theory, Second Edition. Canada: Prentice-Hal.
Sloan, R. (1996). Do Stock Prices Fully Reflect Information in Accruals and Cash Flow About Future Earnings? and Cash Flow About Future Earnings?. The Accounting Review 71(3), 289-315.
Sugeng, B. (2011). Pengaruh Perencanaan Pajak Terhadap Efisiensi Beban Pajak Penghasilan. Jurnal Riset Akuntansi dan Bisnis 11(2), 122-139.
Sugiyono. (2013). Metode Penelitian Bisnis (Pendekatan Kuantitatif, Kualitatif dan R&D). Bandung: CV Alfabeta.
Wahab, A. N., & Holland, K. (2012). Tax Planning, Corporate governance dan Equity Value. .TheBritish Accounting Review 44, 111-124.
Wang, T. (2010). Tax Planning, Corporate Transparancy and Firm Value. Austin: University of Texas .
Wijayanti, H. T. (2006). Analisis Pengaruh Perbedaan Antara Laba Akuntansi Dan Laba Fiskal Terhadap Persistensi Laba, Akrual, Dan Arus Kas. Simposium Nasional Akuntansi IX . Padang: Ikatan AKuntan Indonesia.
Wilson, R. (2009). An Examination of Corporate Tax Shelter Participants. The Accounting Review, 84(3), 969–999.
Yuliem, M. L. (2018). Pengaruh Perencanaan Pajak (Tax Planning) Terhadap Nilai Perusahaan (Firm Value) pada Perusahaan Sektor Non Keuangan Yang Terdaftar Di BEI Periode 2013-2015. Calyptra: Jurnal Ilmiah Mahasiswa Universitas Surabaya 7(1) , 520-540.
Zain, M. (2006). Manajemen Perpajakan. Jakarta: Salemba Empat.
Undang Undang Nomor 36 tentang ajak Penghasilan. (2008). Jakarta.
Adiati, A. K., & Rahmawati. (2015). Manajemen Laba, Large Book-Tax Differences, dan Persistensi Laba. Seminar Nasional Akuntansi. Medan: Ikatan Akuntan Indonesia.
Amelia, N., & Yudianto, I. (2016). Pengaruh Book-Tax Differences pada Kualitas Laba dengan Manajemen Laba sebagai Variabel Intervening. Jurnal Akuntansi dan Keuanga 16(1).
Ammann, M., Oesch, D., & M.Schmid, M. (2011). Corporate governance and firm value: International evidence. Journal of Empirical Finance 18(1), 36-55.
Baeka, J.-S., Kangb, J.-K., & Park, K. S. (2004). Corporate governance and firm value: evidence from the Korean financial crisis. Journal of Financial Economics 71, 265–313.
Belkoui, A. R. (2007). Teori Akuntansi Edisi 5. Jakarta: Salemba Empat.
Bhat, K. U., Chen, Y., Jebran, K., & Bhutto, N. A. (2018). Corporate governance and firm value: a comparative analysis of state and non-state owned companies in the context of Pakistan. Corporate Governance: The International Journal of Business in Society 18 (6), 1196-1206.
Cohen, D. A. (20013). Quality of Financial Reporting Choice: Determinants and Economic Consequences. Dallas: University of Texas.
Dechow, P. M., Sloan, R. G., & P.Sweeny, A. (1995). Detecting Earnings Management. The Accounting Review 70 , 193-225.
Dechow, P., & Dichev, I. (2002). The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors. The Accounting Review 77 (Supplement), 35-59.
Desai, M. A., & Dharmapala, D. (2006). Corporate tax avoidance and firm value. The Review of Economics and Statistics 91(3), 537-546.
Dewanata, P., & Achmad, T. (2017). Pengaruh Perencanaan Pajak Terhadap Nilai Perusahaan dengan Kualitas Corporate Governance sebagai Variabel Moderasi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI pada Tahun 2012-2014). Diponegoro Journal of Accounting 6(1), 1-7.
Fanani, Z. (2010). Analisis Faktor Penentu Persistensi Laba. Jumal Akuntansi dan Keuangan Indonesia 7(1), 109-123.
Friese, A., Link, S., & Mayer, S. (2006). Taxation and Corporate governance. Munich, Germany: Max Planck Institute for Intellectual Property, Competition and Tax Law.
Gunadi. (2001). Akuntansi Pajak Sesuai dengan Undang-undang Pajak Baru. Jakarta: Garasindo.
Hanlon, M. (2005). The Persistence and Pricing of Earnings, Accruals, and Cash Flows When Firms Have Large Book-tax Differences. . The Accounting Review 80 (March), 137-166.
Hanlon, M., & Slemrod, J. (2009). What does tax aggressiveness signal?Evidence from stock price reactions to news about tax shelter involvement. Journal of Public Enonomic, 93(1-2), 126-141.
IAI. (2007). Pernyataan Standar Akuntansi Keuangan 46 tentang AKuntansi Pajak Penghasilan. Jakarta.
Jensen, M., & Meckling, W. H. (1976). Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Finance Economics 3 , 305-360.
KNKG. (2006). Pedoman Umum Good Corporate Governance Indonesia. Jakarta: Komine Nasional Kebijakan Governance.
Lev, B., & Thiagarajan, R. (1993). Fundamental Information Analysis. Journal o f Accounting Research 31 (2), 190-215.
Martani, D., & Chasbiandani, T. (2012). Pengaruh Tax Planning Jangka Panjang Terhadap Nilai Perusahaan. Seminar Nasional Akuntansi XV. Banjarmasin: Ikatan Akuntan Indonesia.
Minnick, K., & Noga, T. (2010). Do Corporate governance Characteristics Influence Tax Management? Journal of Corporate Finance 16, 703-718.
Monks, R. A., & Minow, N. (2001). Corporate Governance 3rd Edition. Blackwell Publishing.
Penman, S. H. (2001). On Comparing Cash Flow and Accrual Accounting Models For Use in Equity Valuation. New York: Columbia University.
Penman, S. H., & Zhang, X.‐J. (2002). Conservatism, the Quality o f Earning and Stock Returns. Accounting Rivew 77(2), 237-264.
Persada, A. E., & Martani, D. (2010). “Analisis Faktor yang Mempengaruhi Book Tax Gap dan pengaruhnya terhadap Persistensi Laba. Jurnal Akuntansi dan Keuangan Indonesia 7(2).
Prasetyo, B. H., & Rafitaningsih. (2015). Analisis Book Tax Differences Terhadap Persistensi Laba, Akrual Dan Aliran Kas Pada Perusahaan Jasa Telekomunikas. Jurnal Ilmiah Akuntansi Fakultas Ekonomi 1(1), 27-32.
Richardson, S. (2003). Earnings Quality and Short Sellers. Supplement. Accounting Horizons. Accounting Horizons 17, 49-61.
S., A. S., Pratomo, D., & Nurbaiti, A. (2016). Pengaruh Book Tax Differences Dan Aliran Kas Operasi Terhadap Persistensi Laba. Jurnal Akuntansi 20(2), 314-329.
Sari, D. P., & Purwaningsih, A. (2014). Pengaruh Book Tax Differences Terhadap Manajemen Laba. MODUS 26(2), 121-131.
Scott, R. W. (2000). Financial Accounting Theory, Second Edition. Canada: Prentice-Hal.
Sloan, R. (1996). Do Stock Prices Fully Reflect Information in Accruals and Cash Flow About Future Earnings? and Cash Flow About Future Earnings?. The Accounting Review 71(3), 289-315.
Sugeng, B. (2011). Pengaruh Perencanaan Pajak Terhadap Efisiensi Beban Pajak Penghasilan. Jurnal Riset Akuntansi dan Bisnis 11(2), 122-139.
Sugiyono. (2013). Metode Penelitian Bisnis (Pendekatan Kuantitatif, Kualitatif dan R&D). Bandung: CV Alfabeta.
Wahab, A. N., & Holland, K. (2012). Tax Planning, Corporate governance dan Equity Value. .TheBritish Accounting Review 44, 111-124.
Wang, T. (2010). Tax Planning, Corporate Transparancy and Firm Value. Austin: University of Texas .
Wijayanti, H. T. (2006). Analisis Pengaruh Perbedaan Antara Laba Akuntansi Dan Laba Fiskal Terhadap Persistensi Laba, Akrual, Dan Arus Kas. Simposium Nasional Akuntansi IX . Padang: Ikatan AKuntan Indonesia.
Wilson, R. (2009). An Examination of Corporate Tax Shelter Participants. The Accounting Review, 84(3), 969–999.
Yuliem, M. L. (2018). Pengaruh Perencanaan Pajak (Tax Planning) Terhadap Nilai Perusahaan (Firm Value) pada Perusahaan Sektor Non Keuangan Yang Terdaftar Di BEI Periode 2013-2015. Calyptra: Jurnal Ilmiah Mahasiswa Universitas Surabaya 7(1) , 520-540.
Zain, M. (2006). Manajemen Perpajakan. Jakarta: Salemba Empat.
Published
2020-01-14
How to Cite
MERKUSIWATI, Ni Ketut Lely Aryani; DAMAYANTHI, I Gusti Ayu Eka.
Earnings Management and Different Tax Book To Explain Earnings Persistency.
E-Jurnal Akuntansi, [S.l.], v. 30, n. 1, p. 202 - 211, jan. 2020.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/55940>. Date accessed: 13 nov. 2024.
doi: https://doi.org/10.24843/EJA.2020.v30.i01.p15.
Issue
Section
Artikel
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
