Implementasi Manajemen Laba pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia
Abstract
This study aims to determine the real earnings management are proxied by cash flow from operation, production cost, discretionary expenses and combination real earnings management. This study uses the prospect theory. Research samples were 93 manufacturing companies listed in Indonesia Stock Exchange during 2012-2014. Grouping the sample companies were allegedly identified and unidentified perform earnings management by using the distribution of EPS. EPS distribution based on reference point 5%, by comparing profit in this year and profit in the last year. The result of this study explained that manufacturing companies in Indonesia do real earnings management by increasing operating cash flow operation, increasing production cost and decreasing discretionary expenses to avoid decreasing profit. All proxies of the real earnings management support the hypothesis in this study, except combination real earnings management. Firm size and leverage don’t affect the real earnings management in manufacturing companies in Indonesia.
Keywords: Real Earnings Management, Proxies of Earnings Management Laba Riil, Prospect Theory, Distribution of EPS.
References
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Bushee, B. J. 1998. The Influence of Institutional Investors on Myopic R & D Investment Behaviour. The Accounting Review 73 (3) , 305-333.
Cahan, S. B. 1992. The Effect of Antitrust Investigations on Discretonary Accruals: A Refined Test of the Political Cost Hypothesis. The Accounting Review 67 , 77-95.
Cohen, D. A. 2010. Accrual Based and Real Earnings Management Activities Around Seasoned Equity Offering. Jurnal of Accounting and Economics 50 , 2-19.
Cohen, D. D. (2008). Real and Accrual-Based Earnings Management in the pre- and post Sarbanes Oxley periods. The Accounting Review 83 , 757-787.
Cresswell, J. 2012. Research Design: Pendekatan Kualitatif, Kuantitatif, dan Mixed. Yogyakarta: Pustaka Bealajar Edisi Ketiga.
Dechow, P. M. 1995. Detecting Earnings Management. The Accounting Review 70 (2) , 193-225.
Ekawati, P. d. 2015. Analisis Manajemen Laba Riil dengan Kepemilikan Asing Pada Level Spesifik Perusahaan. Simposium Nasional Akuntansi 18 Universitas Sumatera Utara .
Ghozali, I. 2011. Aplikasi Analisis Multivariate Dengan Program SPSS. Badan Penerbit Universitas Diponegoro.
Graham, J. R. 2005. The Economics Implication of Corporate Financial Reporting. Journal of Accounting and Economics 40 , 3-73.
Gumanti, T. A. 2006. Earnings Management antarIndustri dan Faktor- Faktor Pembatasnya pada Perusahaan Publik di Bursa Efek Indonesia. Jurnal Akuntansi dan Bisnis Vol 6 No , 181-192.
Gumanti, T. A. 2000. Earnings Management: Suatu Telaah Pustaka. Jurnal Akuntansi dan Keuangan Vol. 2 No 2 , 104-115.
Gunny, K. 2005. What are the Concequences of Real Earnings Management? University of Colorado.
Handayani, S. R. 2009. Pengaruh Ukuran Perusahaan terhadap Manajemen Laba. urnal Bisnis dan Akuntansi Vol 11 No 1 , 33-56.
Hartono, M. Y. 2007. Metodologi Penelitian Bisnis: Salah Kaprah dan Pengalaman-Pengalaman. Semarang: BPFE.
Healy, P. M. 1999. A Review of The Earnings Management Literature and Its Complicatons for Standard Setting. Accounting Horizons 13 (4) , 365-383.
Jones, J. 1991. Earnings Management during Import Relief Investigations. Journal of Accounting Research 29 , 193-228.
Kahneman, D. d. 1979. Prospect Theory: An Analysis of Decisions Under Risk. Ecoometrica 47 , 263-291.
Kinney, W. B. 2002. The Materiality of Earnings Surprises. Journal of Accounting Research 40 (5) , 1297-1329.
Koonce, L. d. 2005. Using Psychology Theories in Archival Financial Acconting Research. Journal of Accounting Literature 24 , 175-214.
Kothari, S. P. 2005. Performance Matched Discretionary Accrual Measures. Journal of Accounting and Economics 39 (1) , 163-197.
Kusuma, H. 2006. Dampak Manajemen Laba terhadap Relevansi Akuntansi: Bukti Empiris dari Indonesia. Universitas Islam Indonesia.
Leuz, C. N. 2003. Investor Protection and Earnings Management: An International Comparison. Journal of Financial Economics 69 , 505-527.
Muhardani, Z. 2013. Faktor-Faktor yang Mempengaruhi Manajemen Laba Pada Perusahaan yang Melakukan IPO di Bursa Efek Indonesia. eJournal UPI-YPTK .
Mulford, C. d. 2010. Deteksi Kecurangan Akuntansi The Financial Number Game. Jakarta: PPM Manajemen.
Rachman, A. d. 2008. Manajemen Laba melalui Akrual dan Aktivitas Riil pada Penawaran dan Hubungannya dengan Kinerja jangka Panjang (Studi Empiris pada BEJ). Jurnal Akuntansi dan Keuangan Indonesia Vol 5 , 1-29.
Roychowdhury, S. 2006. Earnings Management Through Real Activities Manipulation. Journal of Accounting and Economics 42 , 335-370.
Scott, W. 2006. Financial Accounting Theory. Toronto: Prentice Hall.
Sekaran, U. d. 2010. Research Methods for Business: A Skill Building Approach. United Kingdom: John Wiley and Sons.
Skinner, D. J. 2002. Earnings Surprises, Growth Expectations, amd Stock Return or don't Let an Earnings Torpedo Sink Your Potofolio. Review of Accounting Studies 7 , 289-312.
Subekti, I. 2012. Accrual and Real Earnings Management: One of The Perspective of Prospect Theory. Journal of Economics, Business and Accountancy Ventura Vol 15 No 3 , 443-456.
Subekti, I. 2010. Eanganging in Earnings Management to Avoid Negative Earnings. Jurnal Akuntansi Multiparadigma .
Subramanyan, K. R. 1996. The Pricing of Discretionary Accrual. Journal of Accounting and Economics 22 , 249-291.
Sugiri, S. 1998. Earnings Management: Teori Model dan Bukti Empiris. Jakarta: Telaah.
Sulistyanto, S. 2008. Manajemen Laba (Teori dan Model Empiris). Jakarta: PT Grasindo.
Trisnawati, R. W. 2011. Pengukuran Manajemen Laba: Pendekatan Terintegrasi (Studi Komparasi Perusahaan Manufaktur yang Tergabung pada Indeks JII dan LQ 45 BEI periode 2004-200-10).
Valentine, D. 2012. Pengaruh Ukuran Perusahaan terhadap Perataan Laba serta Nilai Perusahaan pada Perusahaan Perbankan yang terdaftar di Bursa Efek Indonesia Periode Tahun 2008-2010. Tesis Universitas Esa Unggul .
Widodo, E. L. 2005. Penjelasan Teori Prospek terhadap Manajemen Laba. Jurnal Akuntansi dan Manajemen Volume XVI No 1 Yogyakarta .
Wild, J. J. 2003. Financial Accounting: Information for Decision Edisi Kedua. Jakarta: Salemba empat.
Bushee, B. J. 1998. The Influence of Institutional Investors on Myopic R & D Investment Behaviour. The Accounting Review 73 (3) , 305-333.
Cahan, S. B. 1992. The Effect of Antitrust Investigations on Discretonary Accruals: A Refined Test of the Political Cost Hypothesis. The Accounting Review 67 , 77-95.
Cohen, D. A. 2010. Accrual Based and Real Earnings Management Activities Around Seasoned Equity Offering. Jurnal of Accounting and Economics 50 , 2-19.
Cohen, D. D. (2008). Real and Accrual-Based Earnings Management in the pre- and post Sarbanes Oxley periods. The Accounting Review 83 , 757-787.
Cresswell, J. 2012. Research Design: Pendekatan Kualitatif, Kuantitatif, dan Mixed. Yogyakarta: Pustaka Bealajar Edisi Ketiga.
Dechow, P. M. 1995. Detecting Earnings Management. The Accounting Review 70 (2) , 193-225.
Ekawati, P. d. 2015. Analisis Manajemen Laba Riil dengan Kepemilikan Asing Pada Level Spesifik Perusahaan. Simposium Nasional Akuntansi 18 Universitas Sumatera Utara .
Ghozali, I. 2011. Aplikasi Analisis Multivariate Dengan Program SPSS. Badan Penerbit Universitas Diponegoro.
Graham, J. R. 2005. The Economics Implication of Corporate Financial Reporting. Journal of Accounting and Economics 40 , 3-73.
Gumanti, T. A. 2006. Earnings Management antarIndustri dan Faktor- Faktor Pembatasnya pada Perusahaan Publik di Bursa Efek Indonesia. Jurnal Akuntansi dan Bisnis Vol 6 No , 181-192.
Gumanti, T. A. 2000. Earnings Management: Suatu Telaah Pustaka. Jurnal Akuntansi dan Keuangan Vol. 2 No 2 , 104-115.
Gunny, K. 2005. What are the Concequences of Real Earnings Management? University of Colorado.
Handayani, S. R. 2009. Pengaruh Ukuran Perusahaan terhadap Manajemen Laba. urnal Bisnis dan Akuntansi Vol 11 No 1 , 33-56.
Hartono, M. Y. 2007. Metodologi Penelitian Bisnis: Salah Kaprah dan Pengalaman-Pengalaman. Semarang: BPFE.
Healy, P. M. 1999. A Review of The Earnings Management Literature and Its Complicatons for Standard Setting. Accounting Horizons 13 (4) , 365-383.
Jones, J. 1991. Earnings Management during Import Relief Investigations. Journal of Accounting Research 29 , 193-228.
Kahneman, D. d. 1979. Prospect Theory: An Analysis of Decisions Under Risk. Ecoometrica 47 , 263-291.
Kinney, W. B. 2002. The Materiality of Earnings Surprises. Journal of Accounting Research 40 (5) , 1297-1329.
Koonce, L. d. 2005. Using Psychology Theories in Archival Financial Acconting Research. Journal of Accounting Literature 24 , 175-214.
Kothari, S. P. 2005. Performance Matched Discretionary Accrual Measures. Journal of Accounting and Economics 39 (1) , 163-197.
Kusuma, H. 2006. Dampak Manajemen Laba terhadap Relevansi Akuntansi: Bukti Empiris dari Indonesia. Universitas Islam Indonesia.
Leuz, C. N. 2003. Investor Protection and Earnings Management: An International Comparison. Journal of Financial Economics 69 , 505-527.
Muhardani, Z. 2013. Faktor-Faktor yang Mempengaruhi Manajemen Laba Pada Perusahaan yang Melakukan IPO di Bursa Efek Indonesia. eJournal UPI-YPTK .
Mulford, C. d. 2010. Deteksi Kecurangan Akuntansi The Financial Number Game. Jakarta: PPM Manajemen.
Rachman, A. d. 2008. Manajemen Laba melalui Akrual dan Aktivitas Riil pada Penawaran dan Hubungannya dengan Kinerja jangka Panjang (Studi Empiris pada BEJ). Jurnal Akuntansi dan Keuangan Indonesia Vol 5 , 1-29.
Roychowdhury, S. 2006. Earnings Management Through Real Activities Manipulation. Journal of Accounting and Economics 42 , 335-370.
Scott, W. 2006. Financial Accounting Theory. Toronto: Prentice Hall.
Sekaran, U. d. 2010. Research Methods for Business: A Skill Building Approach. United Kingdom: John Wiley and Sons.
Skinner, D. J. 2002. Earnings Surprises, Growth Expectations, amd Stock Return or don't Let an Earnings Torpedo Sink Your Potofolio. Review of Accounting Studies 7 , 289-312.
Subekti, I. 2012. Accrual and Real Earnings Management: One of The Perspective of Prospect Theory. Journal of Economics, Business and Accountancy Ventura Vol 15 No 3 , 443-456.
Subekti, I. 2010. Eanganging in Earnings Management to Avoid Negative Earnings. Jurnal Akuntansi Multiparadigma .
Subramanyan, K. R. 1996. The Pricing of Discretionary Accrual. Journal of Accounting and Economics 22 , 249-291.
Sugiri, S. 1998. Earnings Management: Teori Model dan Bukti Empiris. Jakarta: Telaah.
Sulistyanto, S. 2008. Manajemen Laba (Teori dan Model Empiris). Jakarta: PT Grasindo.
Trisnawati, R. W. 2011. Pengukuran Manajemen Laba: Pendekatan Terintegrasi (Studi Komparasi Perusahaan Manufaktur yang Tergabung pada Indeks JII dan LQ 45 BEI periode 2004-200-10).
Valentine, D. 2012. Pengaruh Ukuran Perusahaan terhadap Perataan Laba serta Nilai Perusahaan pada Perusahaan Perbankan yang terdaftar di Bursa Efek Indonesia Periode Tahun 2008-2010. Tesis Universitas Esa Unggul .
Widodo, E. L. 2005. Penjelasan Teori Prospek terhadap Manajemen Laba. Jurnal Akuntansi dan Manajemen Volume XVI No 1 Yogyakarta .
Wild, J. J. 2003. Financial Accounting: Information for Decision Edisi Kedua. Jakarta: Salemba empat.
Published
2017-09-28
How to Cite
PERMATASARI, Ditya.
Implementasi Manajemen Laba pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia.
Jurnal Ekonomi Akuntansi dan Manajemen, [S.l.], v. 16, n. 2, p. 90-103, sep. 2017.
ISSN 2459-9816.
Available at: <https://jurnal.unej.ac.id/index.php/JEAM/article/view/17337>. Date accessed: 20 apr. 2024.
doi: https://doi.org/10.19184/jeam.v16i2.17337.
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