Pengaruh Set Kesempatan Investasi dan Leverage Finansial Terhadap Manajemen Laba  

Oleh:

Shanti, J. C. ; Yudhanti, C. Bintang Hari

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Journal of Economics, Business, & Accountancy: ventura vol. 10 no. 3 (Dec. 2007), page 49-70.
Topik: Invesment Opportunity Set; Leverage Financial; Earnings Management

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: VV5.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The objective of this study is to empirically examine influence invesment opportunity set (IOS) and leverage financial to discretionary accruals (earnings management). This study purports to test 1) Whether/what company with high growth opportunity or high leverage will tend to conduct earnings management; and 2) Whether company which tend to conduct earnings management, whether company with high growth opportunity or company with high leverage financial. Samples used in this study are all manufacturing companies listed on the Jakarta Stock Exchange in the period of 2000-2004 with the certain criterions (purposive sampling). This study uses multiple regression with the equation regression from Jones and Sharma (2001). The result shows that company with high growth opportunity do not always have tendency to manage accruals and its earnings. While leverage have an significant effect to earnings management. Subsequently, this study also finds that company with high leverage financia is not more tend to conduct earnings management than company with high company growth opportunity. This matter it is possible that because all investor in this time more educated (sophisticated investor) and existence of institutes of invesment management which is more and more, so that intercompany competition to get the investor belief even also progressively tighten. Therefore, company progressively compete in giving transparency and informations that required by all investor. Company do not wish to take the risk of loss of investor belief if company conduct earnings management which can give the information misleading to all its investor.

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