Good Corporate Governance dan Profitabilitas pada Praktik Income Smoothing
Abstract
The research aims to obtain empirical evidence regarding the effect of good corporate governance and profitability on income smoothing practices with firm size and type of industry as control variables. The research was conducted on all companies listed on the Indonesia Stock Exchange for the 2015-2019 period. The research sample consisted of 64 observations determined by purposive sampling method. The data analysis technique used is logistic regression analysis. The results showed that good corporate governance and profitability have a negative effect on income smoothing practices, and company size and type of industry as control variables have a positive effect on income smoothing practices. The theoretical implications of this study are able to support agency theory, stewardship theory, and positive accounting theory, as well as practical implications that can be taken into consideration by companies and investors in making economic decisions.
Keywords: Income Smoothing; Good Corporate Governance; Profitability; Firm Size; Type of Industry
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References
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Pinatih, N. M. A., & Putra Astika, I. B. (2020). Praktik Perataan Laba dan Faktor - Faktor yang Mempengaruhinya. E-Jurnal Akuntansi, 30(11), 2864. https://doi.org/10.24843/EJA.2020.v30.i11.p12
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Puspitasari, N. K. B., & Putra, I. M. P. D. (2018). Pengaruh Profitabilitas Pada Praktik Perataan Laba dengan Struktur Kepemilikan Sebagai Variabel Pemoderasi. E-Jurnal Akuntansi, 23(1), 211. https://doi.org/10.24843/EJA.2018.v23.i01.p09
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Vasilakopoulos, K., Tzovas, C., & Ballas, A. (2018). The impact of corporate governance mechanisms on EU banks’ income smoothing behavior. Corporate Governance (Bingley), 18(5), 931–953. https://doi.org/10.1108/CG-09-2017-0234
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Yanti, N. M. Y. W. A., & Dwirandra, A. A. N. B. (2019). The effect of profitability in income smoothing practice with good corporate governance and dividend of payout ratio as a moderation variable. International Research Journal of Management, IT and Social Sciences, 6(2), 12–21. https://doi.org/10.21744/irjmis.v6n2.601
Yu, K., Hagigi, M., & Stewart, S. D. (2018). Income smoothing may result in increased perceived riskiness: Evidence from bid-ask spreads around loss announcements. Journal of Corporate Finance, 48, 442–459. https://doi.org/10.1016/j.jcorpfin.2017.11.007
Afrianto, D. (2016). Direksi Timah Dituding Manipulasi Laporan Keuangan : Okezone Economy. 27 Januari. https://economy.okezone.com/read/2016/01/27/278/1298264/direksi-timah-dituding-manipulasi-laporan-keuangan
Andiani, A. A. S. N., & Astika, I. B. P. (2019). Pengaruh Struktur Kepemilikan dan Ukuran Perusahaan Pada Praktik Perataan Laba. E-Jurnal Akuntansi, 27, 984. https://doi.org/10.24843/eja.2019.v27.i02.p06
Andreas, S., & Hanna. (2019). the Influence of Company Size and Financial Performance Towards Income Smoothing. Jurnal Ilmiah Bisnis, Pasar Modal, Dan UMKM, 2(1), 111–122.
Anwar, A. N., & Chandra, T. (2017). the Analysis of Factors Affect Income Smoothing on Miscellaneous Industry Companies Listed on Indonesia Stock Exchange. Jurnal Benefita, 2(3), 220. https://doi.org/10.22216/jbe.v2i3.1336
Arum, H. N., Nazar, M. R., & Aminah, W. (2017). Profitabilitas, Ukuran Perusahaan, dan Nilai Perusahaan Terhadap Praktik Perataan Laba. Jurnal Riset Akuntansi Kontemporer, 9(2), 71–78. https://doi.org/10.23969/jrak.v9i2.581
Ayunika, N. P. N., & Yadnyana, I. K. (2018). Pengaruh Ukuran Perusahaan, Profitabilitasdan Financial Leverage Terhadap Praktik Perataan Laba Pada Perusahaan Manufaktur. E-Jurnal Akuntansi, 25, 2402. https://doi.org/10.24843/eja.2018.v25.i03.p29
Cahyadi, I. M. K., & Mertha, M. (2019). Pengaruh Good Corporate Governance dan Ukuran Perusahaan Pada Manajemen Laba. E-Jurnal Akuntansi, 27, 173. https://doi.org/10.24843/eja.2019.v27.i01.p07
Dewi, I. A. P. O. Y., & Yasa, G. W. (2017). Pengaruh Ukuran Perusahaan, Profitabilitas, Tipe Industri dan Kinerja Lingkungan Terhadap Environmental Disclosure. E-Jurnal Akuntansi Universitas Udayana, 20, 2362–2391.
Di Fabio, C. (2019). Does the business model influence income smoothing? Evidence from European banks. Journal of Applied Accounting Research, 20(3), 311–330. https://doi.org/10.1108/JAAR-09-2018-0151
Dumay, J., La Torre, M., & Farneti, F. (2019). Developing trust through stewardship: Implications for intellectual capital, integrated reporting, and the EU Directive 2014/95/EU. Journal of Intellectual Capital, 20(1), 11–39. https://doi.org/10.1108/JIC-06-2018-0097
Dwiadnyani, N. M., & Mertha, I. M. (2018). Pengaruh Bonus Plan dan Corporate Governance pada Income Smoothing. E-Jurnal Akuntansi, 24(2), 1600–1631. https://doi.org/10.24843/EJA.2018.v24.i02.p29
Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 Edisi 9. Badan Penerbit Universitas Diponegoro.
Hartomo, G. (2019). Kronologi Kasus Laporan Keuangan Garuda Indonesia hingga Kena Sanksi. Economy.Okezone.Com. https://economy.okezone.com/read/2019/06/28/320/2072245/kronologi-kasus-laporan-keuangan-garuda-indonesia-hingga-kena-sanksi
Hastuti, R. T. (2017). Faktor Yang Mempengaruhi Income Smoothing Pada Perusahaan Manufaktur Di Bei Tahun 2013-2015. Jurnal Ekonomi, 22(3), 366–373. https://doi.org/10.24912/je.v22i3.285
Iatridis, G. E. (2018). Accounting discretion and executive cash compensation: An empirical investigation of corporate governance, credit ratings and firm value. Journal of International Financial Markets, Institutions and Money, 55, 29–49. https://doi.org/10.1016/j.intfin.2018.02.008
Ibrahim, A. E. A., Abdelfattah, T., & Hussainey, K. (2020). Artificial and real income smoothing around corporate governance reforms: further evidence from Egypt. Journal of Applied Accounting Research, 21(4), 701–720. https://doi.org/10.1108/JAAR-06-2019-0100
Komite Nasional Kebijakan Governance. (2006). Pedoman Umum Good Corporate Governance Indonesia.
Magdalena, S., Yuningsih, I., & Lahaya, I. A. (2018). Pengaruh Firm Size dan Good Corporate Governance serta Corporate Social Responsibility Terhadap Kinerja Keuangan pada Bank Umum Syariah di Indonesia. Equilibrium: Jurnal Ekonomi Syariah, 5(2), 221. https://doi.org/10.21043/equilibrium.v5i2.2772
Mahendra, P. R., & Jati, I. K. (2020). Pengaruh Ukuran Perusahaan, DER, ROA, dan Pajak Penghasilan terhadap Praktik Income Smoothing. E-Jurnal Akuntansi, 30(8), 1941. https://doi.org/10.24843/eja.2020.v30.i08.p04
Maotama, N. S., & Astika, I. B. P. (2020). Pengaruh Profitabilitas, Ukuran Perusahaan, dan Kepemilikan Manajerial terhadap Praktik Perataan Laba (Income Smoothing). E-Jurnal Akuntansi, 30(7), 1767. https://doi.org/10.24843/EJA.2020.v30.i07.p12
Marfuah, & Murti, W. K. (2019). Financial Risk, Good Corporate Governance dan Praktik Perataan Laba di Indonesia. Jati: Jurnal Akuntansi Terapan Indonesia, 2(1), 25–34. https://doi.org/10.18196/jati.020114
Nurul Ch, F. (2020). The Effect of Financial Performance to Income Smoothing Practice in Property and Real Estate Companies Listed on Indonesia Stock Exchange. Proceedings of the Annual International Conference on Accounting Research (AICAR 2019), 127, 46–50. https://doi.org/10.2991/aebmr.k.200309.011
Ozili, P. K., & Outa, E. R. (2018). Bank income smoothing in South Africa: role of ownership, IFRS and economic fluctuation. International Journal of Emerging Markets, 13(5), 1372–1394. https://doi.org/10.1108/IJoEM-09-2017-0342
Pinatih, N. M. A., & Putra Astika, I. B. (2020). Praktik Perataan Laba dan Faktor - Faktor yang Mempengaruhinya. E-Jurnal Akuntansi, 30(11), 2864. https://doi.org/10.24843/EJA.2020.v30.i11.p12
Pinto, I., Gaio, C., & Gonçalves, T. (2019). Corporate governance, foreign direct investment, and bank income smoothing in African countries. International Journal of Emerging Markets, 15(4), 670–690. https://doi.org/10.1108/IJOEM-04-2019-0297
Pradnyandari, A. A. I. R., & Putra Astika, I. B. (2019). Pengaruh Ukuran Perusahaan, Nilai Saham, Financial Leverage, Profitabilitas Pada Tindakan Perataan Laba di Sektor Manufaktur. E-Jurnal Akuntansi, 27, 149. https://doi.org/10.24843/eja.2019.v27.i01.p06
Pratiwi, N. W. P. I., & Damayanthi, I. G. A. E. (2017). Analisis Perataan Laba Dan Faktor-Faktor Yang Mempengaruhinya. E-Jurnal Akuntansi, 20(1), 496–525.
Puspitasari, N. K. B., & Putra, I. M. P. D. (2018). Pengaruh Profitabilitas Pada Praktik Perataan Laba dengan Struktur Kepemilikan Sebagai Variabel Pemoderasi. E-Jurnal Akuntansi, 23(1), 211. https://doi.org/10.24843/EJA.2018.v23.i01.p09
Putri, P. A. D. W., & Budiasih, I. G. A. N. (2018). Pengaruh Financial Leverage, Cash Holding, dan ROA Pada Income Smoothing di Bursa Efek Indonesia. E-Jurnal Akuntansi, 22, 1936–1964. https://doi.org/10.24843/EJA.2018.v22.i03.p11
Putri, W. C. (2019). The Effect Of Good Corporate Governance, Firm Size And Financial Leverage On Income Smoothing And Its Implication On Stock Return. Scientific Journal Of Reflection: Economic, Accounting, Management and Business, 2(1), 91–100. https://doi.org/10.5281/zenodo.2533444
Rustan, & Winarsih, E. (2018). Pengaruh Profitabilitas Terhadap Perataan Laba pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Amnesty: Jurnal Riset Perpajakan, 1(1), 22–29. https://doi.org/10.26618/jrp.v1i1.2526
Sidartha, M. A. R., & Erawati, N. M. A. (2017). Pengaruh Ukuran Perusahaan Dan Risiko Keuangan Pada Praktik Perataan Laba Dengan Variabel Pemoderasi Jenis Industri. E-Jurnal Akuntansi, 20(2), 1103–1132. https://doi.org/10.24843/EJA.2017.v20.i02.p09
Sudarmadi, Rispantyo, & Sunarko, M. R. (2017). Pengaruh Ukuran Perusahaan, Profitabilitas, Financial Leverage, dan Net Profit Margin Terhadap Perataan Laba. Jurnal Akuntansi Dan Sistem Teknologi Informasi, 13(3), 312–322. http://ejurnal.unisri.ac.id/index.php/Akuntansi/article/view/1843
Sutaryani, N. L. M., & Suardikha, M. S. (2018). Pengaruh Perubahaan ROA, Perubahan OPM, Leverage dan Ukuran Perusahaan Pada Praktik Perataan Laba. E-Jurnal Akuntansi, 25, 830. https://doi.org/10.24843/eja.2018.v25.i02.p01
Ung, L. J., Brahmana, R. K., & Puah, C. H. (2018). Brokerage fee, ownership expropriation and earnings management of Malaysian property companies. Property Management, 36(4), 461–482. https://doi.org/10.1108/PM-06-2017-0035
Vasilakopoulos, K., Tzovas, C., & Ballas, A. (2018). The impact of corporate governance mechanisms on EU banks’ income smoothing behavior. Corporate Governance (Bingley), 18(5), 931–953. https://doi.org/10.1108/CG-09-2017-0234
Wijayanti, R., & Diyanty, V. (2017). Pengaruh Volatilitas Laba, Perataan Laba dan Corporate Governance terhadap Kualitas Laba Bank Syariah dan Konvensional. Jurnal Akuntansi Dan Investasi, 18(1), 66–79. https://doi.org/10.18196/jai.18161
Winanda, I. K., & Putra Astika, I. B. (2021). Nilai, Size, Profitabilitas Perusahaan dan Praktik Perataan Laba. E-Jurnal Akuntansi, 31(3), 562. https://doi.org/10.24843/EJA.2021.v31.i03.p04
Yanti, N. M. Y. W. A., & Dwirandra, A. A. N. B. (2019). The effect of profitability in income smoothing practice with good corporate governance and dividend of payout ratio as a moderation variable. International Research Journal of Management, IT and Social Sciences, 6(2), 12–21. https://doi.org/10.21744/irjmis.v6n2.601
Yu, K., Hagigi, M., & Stewart, S. D. (2018). Income smoothing may result in increased perceived riskiness: Evidence from bid-ask spreads around loss announcements. Journal of Corporate Finance, 48, 442–459. https://doi.org/10.1016/j.jcorpfin.2017.11.007
Published
2023-01-26
How to Cite
ANTARI, Ni Komang Maya; GAYATRI, Gayatri.
Good Corporate Governance dan Profitabilitas pada Praktik Income Smoothing.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 1, p. 128-144, jan. 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/80684>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i01.p10.
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