Manajemen Laba dan Nilai Perusahaan (Studi Empiris pada Perusahaan Manufaktur di Bursa Efek Indoensia)
Abstract
The purpose of this study is to determine the effect of earnings management with income increasing and income decreasing patterns on firm value in manufacturing companies listed on the Indonesia Stock Exchange in 2014-2018. The population of this research are 167 companies. A total of 105 samples are selected using a purposive sampling technique. Total observations over the 5 years to 525 observations, then divided into two groups, 472 observations for increasing income management and 53 observations for decreasing earnings management. This study uses a simple linear regression analysis technique. The test results show that income increasing earnings management variable does not affect the value of the company, while earnings decreasing earnings management has a negative effect on firm value.
Keywords: Firm Value; Earnings Management; Income Increasing; Income Decreasing.
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References
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Astiti, N. P. S., & Damayanthi, I. G. A. E. (2018). Pengaruh Manajemen Laba pada Nilai Perusahaan Sesudah Pergantian Chief Executive Officer (CEO). E-Jurnal Akuntansi, 23(1), 185–210.
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Ježovita, A. (2015). Accounting Information in a Business Decision-Making Process – Evidence from Croatia. Zagreb International Review of Economics and Business, 18(1), 61–79. https://doi.org/10.1515/zireb-2015-0004
Kanakriyah, R., Shanikat, M. M., & Freihat Abdel Razaq. (2017). Exploitation of Earnings Management Concept to Influence the Quality of Accounting Information: Evidence from Jordan. Research Journal of Finance and Accounting, 8(22), 53–65. Retrieved from www.iiste.org
Lesmana, I. P. A. S., & Sukartha, I. M. (2017). Pengaruh Manajemen Laba Pada Nilai Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2015. E-Jurnal Akuntansi Universitas Udayana, 19(2), 1060–1087.
Mawati, E. R., Hardiningsih, P., & Srimindarti, C. (2017). Corporate Governance Memoderasi Earnings Management. Jurnal Akuntansi, 1(1), 519–528.
Nursya’adah, D. (2020). Analisis Kemampuan Prediktif Laba Kotor, Laba Operasi, Laba Bersih, Arus Kas Operasi, Perubahan Hutang, Perubahan Piutang, Perubahan Persediaan Dan Perubahan Beban Depresiasi Terhadap Arus
Kas Operasi Masa Depan (Studi Empiris pada Perusahaan subsektor pr. Prisma (Platform Riset Mahasiswa Akuntansi), 1(1), 120–135. Retrieved from https://ojs.stiesa.ac.id/index.php/prisma
Oktavani, S., & Devie. (2017). Effect of Earnings Management on Firm Value through Financial Performance as an intervening variable in companies listed in LQ 45. Business Accounting Review, 5(2), 25–34.
Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of theory and evidence on problems and perspectives. Indian Journal of Corporate Governance, 10(1), 74–95. https://doi.org/10.1177/0974686217701467
Puspitaningtyas, Z. (2017). Is Financial Performance Reflected in Stock Prices? Advances in Economics, Business and Management Research, 40(1), 17–28. https://doi.org/10.2991/icame-17.2017.2
Rahayu, M., & Sari, B. (2018). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan. Jurnal Analisis Bisnis Ekonomi, 16(1), 19–25. https://doi.org/10.31603/bisnisekonomi.v16i1.2127
Sintyana, I. P. H., & Artini, L. G. S. (2018). Pengaruh Profitabilitas, Struktur Modal, Ukuran Perusahaan Dan Kebijakan Dividen Terhadap Nilai Perusahaan. E-Jurnal Manajemen Universitas Udayana, 8(2), 757. https://doi.org/10.24843/ejmunud.2019.v08.i02.p07
Subanidja, S., Rajasa, A., Suharto, E., & Atmanto, J. D. (2016). The determinants of firm value: The role of earnings management and good corporate governance. Corporate Ownership and Control, 13(4), 609–615. https://doi.org/10.22495/cocv13i4c4p10
Suhadak, K., Handayani, S. R., & Rahayu, S. M. (2019). Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value. Asian Journal of Accounting Research, 1(1), 1–20.
Sunardi. (2018). The Effect of Earnings Management on Firm Value before and When IFRS Implementation , Modereted Life Cycle Company. Journal of Business and Economics, 9(3), 275–285. https://doi.org/10.15341/jbe(2155-7950)/03.09.2018/006
Surifah, S. (2017). The Role of Corporate Governance in the Effect Earnings Management Has on Firm Value. Journal of Indonesian Economy and Business, 1(1), 1–20.
Susanto, S., & Christiawan, Y. J. (2016). Effect of Earnings Management towards Firm Value. Business Accounting Review, 4(1), 205–216.
Susanto, Y. K. (2017). Accrual earnings management, real earnings management, firm value. International Journal of Business, Economics and Law, 14(1), 1–6. Retrieved from http://ijbel.com/wp-content/uploads/2018/01/ACC-2.pdf
Ustman, S., & Ghofar, A. (2016). Analisis Pengaruh Manajemen Laba terhadap Nilai Perusahaan Sebelum dan Saat Implementasi Ifrs. Neo-Bis, 10(1), 49–61.
Wijaya, D. S., & Budiasih, I. G. A. N. (2018). Manajemen Laba Terhadap Nilai Perusahaan Pada Pergantian CEO. Research Gate, 1(1), 1–20.
Yuniarti, E., Mukhtaruddin, & Hanim, N. (2017). Effect on Value earnings management company with Good corporate governance practices as moderating variable. SHS Web of Conferences, 34(1), 1–7. https://doi.org/10.1051/ 73404007
Astiti, N. P. S., & Damayanthi, I. G. A. E. (2018). Pengaruh Manajemen Laba pada Nilai Perusahaan Sesudah Pergantian Chief Executive Officer (CEO). E-Jurnal Akuntansi, 23(1), 185–210.
Dalimunthe, A. R. (2016). Pengaruh Corporate Social Responbility, Persistensi Laba, Dan Struktur Modal Terhadap Earnings Response Coefficient. Jurnal Wahana Akuntansi, 11(1), 1. https://doi.org/10.21009/10.21.009/wahana.011/1.1
Darmawan, I. P. E., Sutrisno, T., & Mardiati, E. (2019). Accrual Earnings Management and Real Earnings Management: Increase or Destroy Firm Value? International Journal of Multicultural and Multireligious Understanding, 6(2), 8. https://doi.org/10.18415/ijmmu.v6i2.551
Fahmi, M., & Prayoga, M. D. (2018). Pengaruh Manajemen Laba terhadap Nilai Perusahaan dengan Tax Avoidance sebagai Variabel Mediating. Liabilities (Jurnal Pendidikan Akuntansi), 1(3), 225–238. https://doi.org/10.30596/liabilities.v1i3.2496
Ghazali, A. W., Shafie, N. A., & Sanusi, Z. M. (2015). Earnings Management: An Analysis of Opportunistic Behaviour, Monitoring Mechanism and Financial Distress. Procedia Economics and Finance, 28(April), 190–201. https://doi.org/10.1016/s2212-5671(15)01100-4
Gill, A., Biger, N., Mand, H. S., & Mathur, N. (2015). Earnings Management, Firm Performance, and the Value of Indian Manufacturing Firms. International Research Journal of Finance and Economics, 116(12), 1–14. Retrieved from http://www.internationalresearchjournaloffinanceandeconomics.com
Ježovita, A. (2015). Accounting Information in a Business Decision-Making Process – Evidence from Croatia. Zagreb International Review of Economics and Business, 18(1), 61–79. https://doi.org/10.1515/zireb-2015-0004
Kanakriyah, R., Shanikat, M. M., & Freihat Abdel Razaq. (2017). Exploitation of Earnings Management Concept to Influence the Quality of Accounting Information: Evidence from Jordan. Research Journal of Finance and Accounting, 8(22), 53–65. Retrieved from www.iiste.org
Lesmana, I. P. A. S., & Sukartha, I. M. (2017). Pengaruh Manajemen Laba Pada Nilai Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2015. E-Jurnal Akuntansi Universitas Udayana, 19(2), 1060–1087.
Mawati, E. R., Hardiningsih, P., & Srimindarti, C. (2017). Corporate Governance Memoderasi Earnings Management. Jurnal Akuntansi, 1(1), 519–528.
Nursya’adah, D. (2020). Analisis Kemampuan Prediktif Laba Kotor, Laba Operasi, Laba Bersih, Arus Kas Operasi, Perubahan Hutang, Perubahan Piutang, Perubahan Persediaan Dan Perubahan Beban Depresiasi Terhadap Arus
Kas Operasi Masa Depan (Studi Empiris pada Perusahaan subsektor pr. Prisma (Platform Riset Mahasiswa Akuntansi), 1(1), 120–135. Retrieved from https://ojs.stiesa.ac.id/index.php/prisma
Oktavani, S., & Devie. (2017). Effect of Earnings Management on Firm Value through Financial Performance as an intervening variable in companies listed in LQ 45. Business Accounting Review, 5(2), 25–34.
Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of theory and evidence on problems and perspectives. Indian Journal of Corporate Governance, 10(1), 74–95. https://doi.org/10.1177/0974686217701467
Puspitaningtyas, Z. (2017). Is Financial Performance Reflected in Stock Prices? Advances in Economics, Business and Management Research, 40(1), 17–28. https://doi.org/10.2991/icame-17.2017.2
Rahayu, M., & Sari, B. (2018). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan. Jurnal Analisis Bisnis Ekonomi, 16(1), 19–25. https://doi.org/10.31603/bisnisekonomi.v16i1.2127
Sintyana, I. P. H., & Artini, L. G. S. (2018). Pengaruh Profitabilitas, Struktur Modal, Ukuran Perusahaan Dan Kebijakan Dividen Terhadap Nilai Perusahaan. E-Jurnal Manajemen Universitas Udayana, 8(2), 757. https://doi.org/10.24843/ejmunud.2019.v08.i02.p07
Subanidja, S., Rajasa, A., Suharto, E., & Atmanto, J. D. (2016). The determinants of firm value: The role of earnings management and good corporate governance. Corporate Ownership and Control, 13(4), 609–615. https://doi.org/10.22495/cocv13i4c4p10
Suhadak, K., Handayani, S. R., & Rahayu, S. M. (2019). Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value. Asian Journal of Accounting Research, 1(1), 1–20.
Sunardi. (2018). The Effect of Earnings Management on Firm Value before and When IFRS Implementation , Modereted Life Cycle Company. Journal of Business and Economics, 9(3), 275–285. https://doi.org/10.15341/jbe(2155-7950)/03.09.2018/006
Surifah, S. (2017). The Role of Corporate Governance in the Effect Earnings Management Has on Firm Value. Journal of Indonesian Economy and Business, 1(1), 1–20.
Susanto, S., & Christiawan, Y. J. (2016). Effect of Earnings Management towards Firm Value. Business Accounting Review, 4(1), 205–216.
Susanto, Y. K. (2017). Accrual earnings management, real earnings management, firm value. International Journal of Business, Economics and Law, 14(1), 1–6. Retrieved from http://ijbel.com/wp-content/uploads/2018/01/ACC-2.pdf
Ustman, S., & Ghofar, A. (2016). Analisis Pengaruh Manajemen Laba terhadap Nilai Perusahaan Sebelum dan Saat Implementasi Ifrs. Neo-Bis, 10(1), 49–61.
Wijaya, D. S., & Budiasih, I. G. A. N. (2018). Manajemen Laba Terhadap Nilai Perusahaan Pada Pergantian CEO. Research Gate, 1(1), 1–20.
Yuniarti, E., Mukhtaruddin, & Hanim, N. (2017). Effect on Value earnings management company with Good corporate governance practices as moderating variable. SHS Web of Conferences, 34(1), 1–7. https://doi.org/10.1051/ 73404007
Published
2021-01-26
How to Cite
INDRA KUSUMA, I Gusti Bagus; MERTHA, I Made.
Manajemen Laba dan Nilai Perusahaan (Studi Empiris pada Perusahaan Manufaktur di Bursa Efek Indoensia).
E-Jurnal Akuntansi, [S.l.], v. 31, n. 1, p. 182-196, jan. 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/61597>. Date accessed: 23 nov. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i01.p14.
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