Pengaruh Nilai Wajar Aset Biologis terhadap Manajemen Laba
Studi Empiris pada Perusahaan Sektor Agroindustri yang Terdaftar di Bursa Efek Indonesia
Abstract
The purpose of this study is to examine and analyze the effect of the biological asset’s fair value on the earning management in the agroindustry companies that listed at the Indonesia Stock Exchange (BEI). This research is a quantitative study using secondary data from annual and quarterly reports of agroindustry companies 2018. This study uses the dependent variable earning management which is measured by Stubben’s model, independent variable biological asset’s fair value which is measured by gains or losses from the implementation of fair value to biological assets, and control variables firm size (logarithm of total assets) and leverage (DER). The results of this study shows that the biological asset’s fair value which is implemented through the PSAK 69: Agriculture has the positive effect on the earning management, and control variables (firm size and leverage) have no effect on earning management. This results indicates that the implementation of biological asset’s fair value through PSAK 69 in agroindustry companies enhances earning management action taken by manager.
Keywords: biological assets; earning management; fair value; PSAK 69.
References
Cahyati, Ari Dewi. 2011. "Peluang Manajemen Laba Pasca Konvergensi IFRS: Sebuah Tinjauan Teoritis dan Empiris." JRAK Vol 2 No. 1.
Christiani, Inggrid, dan Yeterina Widi Nugrahanti. 2014. "Pengaruh Kualitas Audit Terhadap Manajemen Laba." Jurnal Akuntansi dan Keuangan Vol 16 No.1 52-62.
Gunny, Katherine A. 2010. "The Relation between Earnings Management Using Real Activities Manipulation and Future Performance: Evidence from Meeting Earning Benchmarks." Contemporary Accounting Research Vol. 27 No.3 855-888.
Herbohn, Kathleen, dan John Herbohn. 2006. "Internatioal Accounting Standards (IAS) 41: What are the Implication for Reporting Forest Assets?" Small-scale Forest Economics, Management and Policy 5 (2) 175-189.
Hsu, Pei-Hui, dan Youan Robert Lin. 2016. "Fair Value Accounting and Earning Management." Eurasian Journal Of Business and Management 41-54.
Indonesia, Ikatan Akuntansi. 2014. PSAK 68: Pengukuran Nilai Wajar. Jakarta: Dewan Standar Akuntansi Keuangan.
—. 2015. PSAK 69:Agrikultur. Jakarta: Dewan Standar Akuntansi Keuangan.
Jensen, Michael C., dan W.H. Meckling. 1976. "Theory of the Firm: Managerial Behavior, Agency Cost, and Ownership Structure." Journal of Financial Economics 3 305-360.
Maruli, Saur, andan Aria Farah Mita. 2010. "Analisis Pendekatan Nilai Wajar dan Nilai Historis Dalam Penilaian Aset Biologis: Tinjauan Kritis Rencana Adopsi IAS 41." Simposium Nasional Akuntansi XII Purwokerto.
Navarro, Juan Carlos, dan Antonia Madrid Gujjaro. 2014. "The Influence of Improvements in Accounting Standards on Earning Management: The Case of IFRS." Australian Accounting Review No.69 Vol.24.
Penttinen, Markku, Arto Latukka, Harri Merilainen, dan Olli Salminen. 2004. "IAS Fair Value and Forest Evaluation on Farm Forestry." Scandinavian Society of Forest Economics.
Pramitasari, Feliana, dan Yulio Jogi Christiawan. 2017. "Pengaruh Beban Pajak Penghasilan Terhadap Manajemen Laba pada Perusahaan Sektor Perdagangan, Jasa dan Investasi Periode 2010-2015 yang Terdaftar di Bursa Efek Indonesia dengan Firm Size dan Leverage sebagai Variabel Kontrol." Business Accounting Review Vol. 5 No.2 481-492.
Rice. 2013. "Pengaruh Leverage, Kepemilikan Institusional, Ukuran, dan Nilai Perusahaan terhadap Tindakan Manajemen Laba." Jurnal Wira Ekonomi Mikroskil Vol 3 No 1 41-50.
Scott, William R. 1997. Financial Accounting Theory. New Jersey: Prentince Hall Inc.
Selviani, Alesia Heni. 2017. Pengaruh Profitabilitas, Leverage, dan Ukuran Perusahaan terhadap Manajemen Laba (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia 2014-2016). Yogyakarta: Universitas Sanata Dharma.
Sodan, Slavko. 2015. "The Impact of Fair Value Accounting on Earning Quality in Eastern European Countries." Procedia Economic and Finance 32 695-717.
Stubben, S.R. 2010. "Discretionary Revenues as a Measure of Earning Management." The Accounting Review Vol. 85 No.2 695-717.
Suhaeni, Martini. 2015. Pengaruh Likuiditas, Profitabilitas, Leverage, dan Pertumbuhan terhadap Prediksi Kondisi Financial Distress. Bandung: Universitas Pasundan.
Sukendar, Heri. 2012. "Konsep Nilai Wajar (Fair Value) dalam Standar Akuntansi Berbasis IFRS di Indonesia Apa dan Bagaimana?" Binus Business Review Vol 3 No. 1 93-106.
Sukmawati, Fitria. 2016. Analisis Pengaruh Return On Assets, Net Profit Margin, dan Debt to Equity Ratio terhadap Praktik Manajemen Laba (Studi Pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2012-2014). Surabaya: STIE Perbanas.
Watts, L Ross, Zimmerman, dan Jeroid L. 1986. "Toward a Positive Theory of Determination of Accounting Standards." The Accounting Review 112-134.
Zeghal, Daniel. 2011. "An Analysis of the Effect of Mandatory Adoption of IAS/IFRS on Earning Management." Journal Of International Accounting, Auditing, and Taxation Vol 20 61-72.
