Pengaruh Asimetri Informasi dan Mekanisme Corporate Governance Terhadap Praktik Earnings Management (Kajian Perbandingan Perusahaan yang Terdaftar dalam Indeks Syariah dan Indeks Konvensional Bursa Efek Indonesia)
Abstract
This research aims (1) to determine differences of earnings management practices at
companies listed in the sharia and the conventional index, (2) to determine the effect of
information asymmetry and mechanisms of corporate governance on the earnings
management practices occurred in companies listed in the sharia and the conventional
index during 2004–2007 period. This study used purposive sampling method. These samples
are 89 companies listed in the sharia index (Jakarta Islamic Index) and 38 companies listed
in the conventional index (LQ 45). Analysis used different test with independent samples ttes
and
multiple
regression
analysis.
Research
results
indicate
that earnings
management
have
different
practices
between
companies
listed
in
the
sharia
index
and
the conventional
index.
Information
asymmetry does
not
effect
to the earnings
management
practices.
Corporate
governance
mechanisms
including
institutional
ownership,
managerial
ownership,
the proportioan
of
the board
of
commissioners,
and
the
existence
of
an
audit
commitee,
have
not
effect on
the earnings
mangement
practices,
but
the
size of
board
of
commissioners
has a positive
on
the
earnings
management
practices,
the
greater
size
of
board
of
commissioners
at
the
company
the
higher
earnings management.
Information
asymmetry,
institutional
ownership,
managerial
ownership,
the proportion
of
commissioners,
board
size, and
the
exixstence
of
audit
commitee
do
not
effect the
earnings
management
practices
in
conventional
index.
While
institutional
ownership
and
size
of
board
of commissioners
effect
on
earnings
management
practices
in
sharia
index