TINGKAT MANAJEMEN LABA PADA BERBAGAI TAHAP SIKLUS HIDUP PERUSAHAAN DI INDONESIA
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Published:
Jul 20, 2020
Keywords:
Earning Management, Company Life Cycle, Introduction, Growth, Mature, Shake-out, Decline
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Abstract
This research is conducted to examine the differences in earnings management level at various company life cycle stages in Indonesia, especially for public companies which listed on Indonesia Stock Exchange from 2002 to 2016. This research uses a sample of 4,400 observational data which obtained by purposive sampling from Capital IQ. To determine the stage of the company life cycle, this research uses Dickinson's (2011) model criteria by dividing the company life cycle into five stages: introduction, growth, mature, shake-out, and decline. This research is tested with the ANOVA model and proves that there is a significant difference in the level of earnings management in the decline, introduction, and shake-out companies compared to the growth stage. However, the results of this study proves that the value of earnings management in growth and mature stage companies are not significantly difference.
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Hartono, A., Hadyan, M., Rinaningsih, R., & Yuliati, R. (2020). TINGKAT MANAJEMEN LABA PADA BERBAGAI TAHAP SIKLUS HIDUP PERUSAHAAN DI INDONESIA . CURRENT: Jurnal Kajian Akuntansi Dan Bisnis Terkini, 1(2), 309-326. https://doi.org/10.31258/jc.1.2.238-252
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References
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Anthony, J. H., & Ramesh, K. (1992). Association Between Accounting Performance Measures and Stock Prices. Journal of Accounting and Economics, 15, 203-227.
Chang, H. S. (2015). Firm Life Cycle and Detection of Accrual-Based Earnings Manipulation. Urbana, Champaign County, Amerika.
Chen, T. (2016). Internal Control, Life Cycle and Earnings Quality. Open Journal of Business and Management, 4, 301-311.
Choi, J., Choi, W., & Lee, E. (2016). Corporate Life Cycle and Earnings Benchmarks. Australian Accounting Review , 1-14.
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting Earnings Management. The Accounting Review, 70 (2), 193-225.
Dickinson, V. (2011). Cash Flow Patterns as A Proxy for Firm Life Cycle. The Accounting Review, 86 (6), 1969-1994.
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Hastuti, T. D., Ghozali, I., & Yuyetta, E. N. (2017). The Effect of Company Life Cycles on The Accruals Earnings Management with Internal Control System as Moderating Variable. Polish Journal of Management Studies, 15 (1), 66-75.
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Madhogarhia, P., Sutton, N. K., & Kohers, T. (2009). Earnings Management Practices Among Growth and Value Firms. Applied Financial Economics, 19, 1767-1778.
Miller, D., & Friesen, P. H. (1984). A Longitudinal Study of the Corporate Life Cycle. Management Science, 30 (10), 1161-1183.
Mueller, D. C. (1972). A Life Cycle Theory of The Firm. The Journal of Industrial Economics, 20 (3), 199-219.
Mulyasari, W., Sugiri, S., & Herdhayinta, H. (2016). Information Content of Earnings Managements: Implications on Growth and Value Companies. Journal of Accounting and Finance in Emerging Economies, 2 (1), 47-56.
Murthy, D. P., & Jack, N. (2014). Extended Warranties, Maintenance Service and Lease Contracts. London: Springer Verlag.
Nagar, N., & Radhakrishnan, S. (2015). Firm Life Cycle and Real-Activity Based Earnings Management. Ahmedabad, Gujarat, India.
Pachariyanon, P., & Ota, Y. (2015). The Relationship Between Company Life-Cycle and The Choice of Earnings Management. Minato, Tokyo, Jepang.
Skinner, D. J., & Sloan, R. G. (2002). Earnings Surprises, Growth Expectations, and Stock Returns or Don’t Let an Earnings Torpedo Sink Your Portfolio. Review of Accounting Studies , 7, 289-312.
Stice, E., Stice, J., & Skousen, K. (2005). Intermediate Accounting. Ohio: South-Western Publishing Co.
Widyaningrum, L., & Restuti, M. D. (2015). Perbedaan Earnings Management Berdasarkan Pada Tahapan Life Cycle Perusahaan yang Terdaftar di BEI. Jurnal Ekonomi dan Bisnis, 18 (3), 91-102.
Yazdanfar, D., & Ohman, P. (2014). Life Cycle and Performance Among SMEs: Swedish Empirical Evidence. The Journal of Risk Finance, 15 (5), 555-571.
Yulianti. (2005). Kemampuan Beban Pajak Tangguhan Dalam Mendeteksi Manajemen Laba. Jurnal Akuntansi dan Keuangan Indonesia, 2 (1), 107-129.
Zamrudah, R., & Salman, K. R. (2013). Earnings Management Prediction (A Study of Company's Life Cycle). The Indonesian Accounting Review, 3 (2), 107-120.
Anggraini, A. R. (2012). Pengaruh Siklus Hidup dan Ukuran Perusahaan Terhadap Manajemen Laba. Jurnal Ilmiah Mahasiswa FEB, 1 (2), 515-545.
Anthony, J. H., & Ramesh, K. (1992). Association Between Accounting Performance Measures and Stock Prices. Journal of Accounting and Economics, 15, 203-227.
Chang, H. S. (2015). Firm Life Cycle and Detection of Accrual-Based Earnings Manipulation. Urbana, Champaign County, Amerika.
Chen, T. (2016). Internal Control, Life Cycle and Earnings Quality. Open Journal of Business and Management, 4, 301-311.
Choi, J., Choi, W., & Lee, E. (2016). Corporate Life Cycle and Earnings Benchmarks. Australian Accounting Review , 1-14.
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting Earnings Management. The Accounting Review, 70 (2), 193-225.
Dickinson, V. (2011). Cash Flow Patterns as A Proxy for Firm Life Cycle. The Accounting Review, 86 (6), 1969-1994.
Gort, M., & Klepper, S. (1982). Time Paths in the Diffusion of Product Innovations. The Economic Journal, 92 (367), 630-653.
Gujarati, D. N., & Porter, D. C. (2009). Basic Econometrics. Boston: McGraw-Hill Irwin.
Hanafi, M. M., & Halim, A. (2016). Analisis Laporan Keuangan. Yogyakarta: UPP STIM YKPN.
Hastuti, S. (2011). Titik Kritis Manajemen Laba Pada Perubahan Tahap Life Cycle Perusahaan: Analisis Manajemen Laba Riil dan Manajemen Laba Akrual. Jurnal Akuntansi dan Keuangan Indonesia, 8 (2), 107-122.
Hastuti, T. D., Ghozali, I., & Yuyetta, E. N. (2017). The Effect of Company Life Cycles on The Accruals Earnings Management with Internal Control System as Moderating Variable. Polish Journal of Management Studies, 15 (1), 66-75.
Healy, P. M., & Wahlen, J. M. (1999). A Review of The Earnings Management Literature and Its Implications for Standard Setting. Accounting Horizons, 13 (4), 365-383.
Ikatan Akuntan Indonesia. (2017). Standar Akuntansi Keuangan. Jakarta: Salemba Empat.
Kusumawati, E., & Cahyati, A. D. (2014). Pengaruh Siklus Hidup dan Ukuran Perusahaan Terhadap Earning Management Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. El-Muhasaba, 5 (1), 53-74.
Madhogarhia, P., Sutton, N. K., & Kohers, T. (2009). Earnings Management Practices Among Growth and Value Firms. Applied Financial Economics, 19, 1767-1778.
Miller, D., & Friesen, P. H. (1984). A Longitudinal Study of the Corporate Life Cycle. Management Science, 30 (10), 1161-1183.
Mueller, D. C. (1972). A Life Cycle Theory of The Firm. The Journal of Industrial Economics, 20 (3), 199-219.
Mulyasari, W., Sugiri, S., & Herdhayinta, H. (2016). Information Content of Earnings Managements: Implications on Growth and Value Companies. Journal of Accounting and Finance in Emerging Economies, 2 (1), 47-56.
Murthy, D. P., & Jack, N. (2014). Extended Warranties, Maintenance Service and Lease Contracts. London: Springer Verlag.
Nagar, N., & Radhakrishnan, S. (2015). Firm Life Cycle and Real-Activity Based Earnings Management. Ahmedabad, Gujarat, India.
Pachariyanon, P., & Ota, Y. (2015). The Relationship Between Company Life-Cycle and The Choice of Earnings Management. Minato, Tokyo, Jepang.
Skinner, D. J., & Sloan, R. G. (2002). Earnings Surprises, Growth Expectations, and Stock Returns or Don’t Let an Earnings Torpedo Sink Your Portfolio. Review of Accounting Studies , 7, 289-312.
Stice, E., Stice, J., & Skousen, K. (2005). Intermediate Accounting. Ohio: South-Western Publishing Co.
Widyaningrum, L., & Restuti, M. D. (2015). Perbedaan Earnings Management Berdasarkan Pada Tahapan Life Cycle Perusahaan yang Terdaftar di BEI. Jurnal Ekonomi dan Bisnis, 18 (3), 91-102.
Yazdanfar, D., & Ohman, P. (2014). Life Cycle and Performance Among SMEs: Swedish Empirical Evidence. The Journal of Risk Finance, 15 (5), 555-571.
Yulianti. (2005). Kemampuan Beban Pajak Tangguhan Dalam Mendeteksi Manajemen Laba. Jurnal Akuntansi dan Keuangan Indonesia, 2 (1), 107-129.
Zamrudah, R., & Salman, K. R. (2013). Earnings Management Prediction (A Study of Company's Life Cycle). The Indonesian Accounting Review, 3 (2), 107-120.