ROLE OF FAMILY COMPANY, COMPANY DIVERSIFICATION AND LEVERAGE IN EARNINGS MANAGEMENT

  • Devina Damara Ma Chung
  • Putu Indrajaya Lembut
  • Fitri Oktariani
Keywords: earnings management, family business, company diversification, leverage

Abstract

This study aims to prove the relationship between family firms, company diversification and leverage on earnings management with good corporate governance as a moderating variable. Earnings management is proxied by using discretionary accruals. The main dependent variables in this study are family companies, company diversification and leverage. Researchers also conducted different tests on the leverage variable before and during Covid19. The sample in this study is a family company in the manufacturing sector that is listed on the IDX in the 2017-2021 period. The different test samples in this study used 2018-2019 before Covid19 and 2020-2021 during Covid19. The number of samples in this study were 14 companies. The research hypothesis was tested using Partial Least Square Structural Equation Modeling with SmartPLS 4.0 software and SPSS. This study shows that there is no significant relationship between family firms and leverage with earnings management. The diversification variable has a negative effect on earnings management. Good corporate governance variables are not able to weaken the influence of family firms, corporate diversification and leverage on earnings management. Meanwhile, there was no difference before and during Covid-19 in terms of leverage.

References

Agus Harjito, D., Santoso, A. R. C., & McGowan, C. B. (2021). The effect of corporate governance and corporate strategy on family firm performance in indonesia. Journal of Applied Business Research, 37(1), 11–16. https://doi.org/10.2991/aebmr.k.200127.082

Alcander, J., & Nuraini, A. (2022). Analisis perbandingan kinerja keuangan sebelum dan selama pandemi Covid-19 pada perusahaan sektor industri barang konsumsi yang tercatat di BEI. Jurnal Ilmiah Akuntansi Kesatuan, 10(3). https://doi.org/10.37641/jiakes.v10i3.1323

Alyaarubi, H. J., Alkindi, D. S., & Ahmed, E. R. (2021). Internal Auditing Quality and Earnings Management: Evidence from Sultanate of Oman. Journal of Governance and Integrity, 4(2), 115–124. https://doi.org/10.15282/jgi.4.2.2021.6054

Amalia, N., Budiman, H., & Irdiana, S. (2021). Analisis Perbandingan Kinerja Keuangan Sebelum Dan Saat Pandemi Covid-19 ( Studi Kasus Pada Perusahaan Transportasi Yang Terdaftar Di BEI). Progress Conference, 4(1), 290–296.

Chahal, H., & Sharma, A. K. (2020). Family Business in India: Performance, Challenges and Improvement Measures. Journal of New Business Ventures, 1(1–2), 9–30. https://doi.org/10.1177/2632962x20960824

Cindy, A., & Rizky, E. (2022). Pengaruh kekuatan pasar dan persaingan industri terhadap hubungan tata kelola perusahaan dan manajemen laba. Jurnal Akuntansi Dan Bisnis, 21(1), 30–46.

CNBC Indonesia. (2019, Maret 29). Tiga Pilar dan Drama Penggelembungan Dana. Cnbcindonesia.Com. https://www.cnbcindonesia.com/market/20190329075353-17-63576/tiga-pilar-dan-drama-penggelembungan-dana

CNBC Indonesia. (2020, Mei 12). Emiten dari Sektor ini Paling Sengsara Hadapi Efek Covid-19. Cnbcindonesia.Com. https://www.cnbcindonesia.com/market/20200512130429-17-157880/emiten-dari-sektor-ini-paling-sengsara-hadapi-efek-covid-19

Handayani, N. putu P. D., & Wiksuana, I. G. B. (2020). Corporate Diversification , Institutional Ownership , and Chief Executive Officer Replacement to Earning Management. International Research Journal of Management, IT & Social Sciences, 7(5), 24–31.

Hasni, H. (2019). Biaya Operasional Pengaruhnya kepada Laba Usaha pada Pt. Prima Transportasi. Jurnal Ilmiah Akuntansi Manajemen, 2(1), 39–48. https://doi.org/10.35326/jiam.v2i1.253

Ichsany, S. W. M. N., & Husain, T. (2019). Frekuensi Pertemuan Dewan Komisaris dan Komite Audit terhadap Manajemen Laba dengan Pendekatan Non-Discreationary Accruals. Mbia, 17(2), 34–46. https://doi.org/10.33557/mbia.v17i2.343

Indriswati, L. R., & Triyanto, D. N. (2020). Pengaruh Komite Aduit, Internal Audit, dan Eksternal Audit terhadap Manajemen Laba (Studi Empiris Pada Perusahaan BUMN yang terdaftar pada Bursa Efek Indonesia Periode 2014-2018). E-Proceeding of Management, 7(2), 3007–3017.

Kementrian Keuangan Republik Indonesia (2021, April 12). Pandemi Covid-19 dan Menurunnya Perekonomian Indonesia. Kemenkeu.go.id https://www.djkn.kemenkeu.go.id/kpknl-lhokseumawe/baca-artikel/16064/Pandemi-Covid-19-Dan-Menurunnya-Perekonomian-Indonesia.html

Kementrian Perindustrian Republik Indonesia (2021, Februari 8). Sektor Manufaktur Bertahan dan Tumbuh saat Dihantam Pandemi https://www.kemenperin.go.id/artikel/22283/Sektor-Manufaktur-Bertahan-dan-Tumbuh-Saat-Dihantam-Pandemi

Kuncara Widagdo, A., Rahmawati, R., Djuminah, D., & Ratnaningrum, R. (2021). Institutional Ownership, Family Firms, Leverage, and Earnings Management. Jurnal Akuntansi Dan Bisnis, 21(2), 252. https://doi.org/10.20961/jab.v21i2.702

Liana, L. (2009). Penggunaan MRA dengan SPSS untuk menguji pengaruh variabel moderating terhadap hubungan antara variabel independen dan variabel dependen. Dinamik, 14(2), 90–97.

Operasi, P. D., & Kepemilikan, L. D. A. N. (2016). Fakultas Ekonomi dan Bisnis Universitas Udayana ( Unud ), Bali , Indonesia Fakultas Ekonomi dan Bisnis Universitas Udayana ( Unud ), Bali , Indonesia ABSTRAK PENDAHULUAN
laporan keuangan merupakan alat utama bagi para manajer untuk menunjukan efektivitas . 2324–2351.

Prasetyo, A., & Hardiyanti, W. (2023). Dampak Covid-19 terhadap Struktur Modal, Leverage, Profitabilitas dan Nilai Perusahaan pada Perusahaan Manufaktur Industri Dasar dan Kimia pada BEI. Jurnal Akuntansi Dan Pajak, 23(02), 1–8.

Purba, C. A. (2016). Pengaruh Komite Audit terhadap Praktik Manajemen Laba: Studi Kasus pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2012-2014. Jurnal Ilmiah Mahasiswa FEB, 4(2), 1–16. https://jimfeb.ub.ac.id/index.php/jimfeb/article/view/3006

Puspita, D. A., Utari, N. M. A. W., & Puspaningtyas, M. (2022). Penggunaan Uji Wilcoxon Signed Rank Test untuk Menganalisis Perbedaan Persistensi Laba, Konservatisme Akuntansi dan Profitabilitas Sebelum dan Saat Pandemi COVID-19. Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi), 6(1), 867–883.

Quraisy, A. (2020). Data Normality Using Kolmogorov-Smirnov and Shapiro-Wilk Tests. J-HEST Journal of Health Education Economics Science and Technology, 3(1), 7–11.

Sherlita, V., & Jin, T. F. (2021). Pengaruh Karakteristik Perusahaan dan Good Corporate Governance terhadap Manajemen Laba Vivin. Trisakti School of Management, Almalita, 1–15. https://repository.tsm.ac.id/publications/338609/pengaruh-karakteristik-perusahaan-dan-good-corporate-governance-terhadap-manajem

Syaifullah, A. (2018). Analisis pengaruh financial leverage dan operating leverage terhadap stock return. Inovasi, 14(2), 53. https://doi.org/10.29264/jinv.v14i2.1928

Valeria, & Karina, R. (2022). Pengaruh independensi komite audit dan kepemilikan keluarga terhadap manajemen laba di perusahaan Bursa Efek Indonesia. Jurnal Akuntansi Dan Ekonomi, 7(3), 7–18. https://doi.org/10.29407/jae.v7i3.18739

Yanto, D. O., & Wati, L. N. (2020). Pengaruh Struktur Modal, Profitabilitas terhadap Determinasi Manajemen Laba dan Strategi Diversifikasi. Jurnal Akuntansi, 9(1), 47–57. https://doi.org/10.37932/ja.v9i1.100
Published
2023-08-10