Pengaruh accrual earnings management dan real earnings management terhadap kinerja perusahaan dengan struktur kepemilikan sebagai variabel pemoderasi :: Studi empiris

AFRIYENTI, Mayar, Prof. Dr. Indra Wijaya Kusuma, MBA

2009 | Tesis | S2 Ilmu Akuntansi

Penelitian ini bertujuan untuk menguji pengaruh accrual earnings management dan real earnings management terhadap kinerja perusahaan serta menguji pengaruh struktur kepemilikan dalam memoderasi hubungan antara accrual earnings management dan real earnings management dengan kinerja perusahaan. Perusahaan yang melakukan accrual atau real earnings management diduga akan melaporkan kinerja perusahaan yang baik. Accrual earnings management diukur menggunakan discretionary accrual, dan real earnings management dihitung dengan menjumlahkan standardized variabel-variabel abnormal CFO (R_CFO), abnormal produksi (R_Prod), dan abnormal discretionary expense (R_DiscExp), serta struktur kepemilikan dalam penelitian ini dibedakan menjadi struktur kepemilikan terkonsentrasi dan struktur kepemilikan menyebar. Sampel dalam penelitian ini adalah perusahaan publik non keuangan yang terdaftar di BEI dan diperoleh sampel sebanyak 118 perusahaan dengan periode pengamatan selama 4 tahun (2004-2007). Penelitian ini memperoleh bukti bahwa accrual earnings management tidak berpengaruh terhadap kinerja perusahaan, sedangkan real earnings management berpengaruh terhadap kinerja perusahaan. Struktur kepemilikan tidak mempengaruhi hubungan antara accrual earnings management dengan kinerja perusahaan, namun struktur kepemilikan mempengaruhi hubungan antara real earnings management dengan kinerja perusahaan.

This study intends to test the influence of accrual earnings management and real earnings management on firm’s performance and test the effect of ownership structure in moderating the correlation between accrual earnings management and real earnings management with firm’s performance. A firm that operates accrual or real earnings management apparently presumed to be likely carries out full reports of its well performance operation. Accrual earnings management estimated is with the use of discretionary accrual, while real earnings management measured by adding up the abnormal standardized variables CFO (R_CFO), abnormal production (R_Prod), and abnormal discretionary expense (R_DiscExp). The ownership structure is divided as concentrated ownership structure and spread ownership structure. The sample is non-financial public companies registered at BEI. The number of sample is 118 corporate for 4 years period (2004-2007) This study demonstrates evidence that accrual earnings management does not affect the firm’s performance while real earnings management is affect the firm’s performance. The ownership structure does not affect the correlation between accrual earnings management and firm’s performance, but the ownership structure affecting the correlation between real earnings management and firm’s performance.

Kata Kunci : Accrual earnings management,Real earnings management,Struktur kepemilikan,Kinerja perusahaan, accrual earnings management, real earnings management, ownership structure, firm’s performance