Manajemen Laba Pada Perusahaan Dengan Permasalahan Free Cash Flow Dan Peran Moderasi Dari Monitoring Eksternal.  

Oleh:

Tresnaningsih, Elok

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Jurnal Akuntansi dan Keuangan Indonesia vol. 5 no. 1 (Jun. 2008), page 29-49.
Topik: Income-increasing; discretionary accruals; free cash flow; low growth; creditor; independent commissioners.
Fulltext: AA71_05-01_Elok Tresnaningsih.pdf (358.56KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: AA71.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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This study examines whether low-growth companies with free cash flow (HFLG) will use income-increasing discretionary accruals to offset the flow or negative earnings that inevitable accompany investment with negative net presents values (NPVs). Using 413 manufacturing company year observations over the period 2001-2005, the results show that there is a significantly association between HFLG and increasing discretionary accruals. This study also examines the roles of that (1) monitoring by high-quality auditors and high-proportion of independent commissioners are effective in mitigating the association of HFLG and income increasing discretionary accruals, which suggest that both their monitoring are more pronounced for HFLG firms and (2) monitoring by high-debt creditors are effective in reducing income-increasing discretionary accruals, but their monitoring are not found to be more pronounced in HFLG firm. This result suggests that the vigilance of creditors are more likely to increase when debt increase.

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