EARNING MANAGEMENT: THE EFFECT OF FINANCIAL STABILITY, EXTERNAL MONITORING MECHANISM, OPPORTUNISTIC BEHAVIOR, AND INEFFECTIVE MONITORING
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Published:
Jul 31, 2022
Keywords:
Financial Stability, External Monitoring Mechanism, Opportunistic Behavior, Ineffective Monitoring
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Abstract
This study aims to determine the effect of financial stability as measured by changes in assets (ACHANGE), external monitoring mechanism (DAR) and opportunistic behavior (FCF) on earnings management. The addition of the ineffective monitoring variable as measured by the proportion of independent commissioners (BDOUT) is intended to determine whether this variable is able to moderate the effect of each variable. The research sample used is the financial data of companies belonging to the non-cyclical consumer sector. Observations were made for 2016-2020 accounting period based on purposive sampling method. The data that has been collected is then processed by using an application namely SPSS version 25. Based on the test, it was found that financial stability and external monitoring mechanisms have a positive effect on earnings management, opportunistic behavior has a negative effect and ineffective monitoring cannot be a moderating variable.
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Ferdini, N., Mela, N. F., & Nur DP, E. (2022). EARNING MANAGEMENT: THE EFFECT OF FINANCIAL STABILITY, EXTERNAL MONITORING MECHANISM, OPPORTUNISTIC BEHAVIOR, AND INEFFECTIVE MONITORING . CURRENT: Jurnal Kajian Akuntansi Dan Bisnis Terkini, 3(2), 151-165. https://doi.org/10.31258/current.3.2.151-165
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This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License.
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Alfina, C. (2021). Pengaruh Opportunistic Behaviour , Leverage , Financial Distress Terhadap Earnings Management. 13(1), 60–74.
Anugerah, H. R., & Kurnia, P. (2014). Faktor-Faktor Yang Mempengaruhi Manajemen Laba ( Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar di BEI Periode Tahun 2008-2011 ) By : Dani Rahman Raja Factors Affecting Earnings Management ( Empirical Studies on Companies Listed on The Stock Exch. 1(2), 1–14.
Aprilia, R. (2014). Pengaruh Financial Stability, Personal Financial Need, Ineffective Monitoring, Change in Auditor Terhadap Financial Statement Fraud Dalam Perspektif Fraud Diamond. 4(1).
Boediono, G. S. (2005). Kualitas Laba: Studi Pengaruh Mekanisme. Corporate Governance, September, 15–16.
Brealey, R. A., Myers, S. C., & Marcus, A. J. (2020). Fundamentals of Corporate Finance (10th ed.). Mc Graw Hill.
Bukit, R. B., & Iskandar, T. M. (2009). Surplus free cash flow, earnings management and audit committee. International Journal of Economics and Management, 3(1), 204–233.
Chivan, N. V. (2013). Pengaruh Leverage Terhadap Manajemen Laba dengan Corporate Governance Sebagai Variabel Pemoderasi. Diponegoro Journal of Accounting, 2(3), 1–8. http://ejournal-s1.undip.ac.id/index.php/accounting
Fatmala, K. D. (2021). Pengaruh Free Cash Flow, Profitabilitas dan Leverage Terhadap Manajemen Laba Dengan Corporate Governance Sebagai Variabel Pemoderasi.
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
Hayati, & Sirrul. (2013). Ineffective Monitoring Terhadap Earnings Management Studi Pada Perusahaan di BEI Struktur Kepemilikan di Indonesia. Idx.
Jao, R., Mardiana, A., Holly, A., & Chandra, E. (2021). Pengaruh Financial Target dan Financial Stability terhadap Financial Statement Fraud. 4(1), 27–42. https://doi.org/10.37531/yum.v11.76
Jennings, M. M. (2005). Conspicuous Governan ce Failures: Why Sarbanes -Oxley Is not an Ethics Warranty. Corporate Finance Review,.
Jensen, M. C., & Meckling, W. H. (1976). Theory of The Firm : Managerial Behavior, Agency Cost, and Ownership Structure. Human Relations, 72(10), 1671–1696. https://doi.org/10.1177/0018726718812602
Peasnell, K. V., Pope, P. F., & Young, S. (1998). Managerial Equity Ownership and the Demand for Outside Directors. In European Financial Management (Vol. 9, Issue 2). https://doi.org/10.1111/1468-036X.00217
Rianto, & Rina. (2021). Analisis Pengaruh Ukuran Perusahaan , Financial Stability , dan External Pressure Terhadap Earning Management dengan Financial Targets Sebagai Pemoderasi. 3(1), 58–71.
Sari, A. R., & Meiranto, W. (2017). Pengaruh Perilaku Opportunistik , Mekanisme Pengawasan , dan Financial Distress Terhadap Manajemen Laba. 6, 1–17.
Savitri, D., & Priantinah, D. (2019). Pengaruh Leverage Terhadap Manajemen Laba Dengan Corporate Governance Sebagai Variabel Pemoderasi Pada Perusahaan Manufaktur Sektor Aneka Industri. VIII.
Skousen, C. J., Smith, K. R., & Wright, C. J. (2009). Detecting and Predicting Financial Statement Fraud : The effectiveness of the fraud Triangle and SAS No. 99 (Issue 99).
Sulistiawan, Januarsi, & Alvia. (2011). Creative Accounting Mengungkap Manajemen Laba dan Skandal Akuntansi. 120.
Sulistyanto, S. (2008). Manajemen Laba : Teori dan Model Empiris. PT Gramedia Widiasarana Indonesia.
Susanto, Y. K., & Bosta, E. (2018). Free Cash Flow , Firm Characteristic , Corporate Governance on Earnings Free Cash Flow , Firm Characteristic , Corporate Governance on Earnings Management. January. https://doi.org/10.5220/0008487300050010
Wimardana, A. B., & Nurbaiti, A. (2018). Pengaruh Financial Stability, Financial Leverage, Rasio Capital Turn Over, dan Inefective Monitoring Terhadap Kecurangan Pelaporan Keuangan. E-Proceeding of Management, 5(3), 3382–3391.
Yazar,S. E. (2020). The Effect of firm characteristics and good corporate governance characteristics to earning management behaviors. Journal of Accounting Finance and Auditing Studies (JAFAS), 6(2), 31–49.