PENGEMBANGAN DAN IMPLEMENTASI MODEL MANAJEMEN LABA MELALUI MEKANISME CORPORATE GOVERNANCE (Studi empiris pada perusahaan go publik di Indonesia)
Abstract
Earnings management is a phenomenon that is difficult to avoid because the impact
of using the accrual basis for preparation of financial statements. The practice of earnings
management can be viewed from two different perspectives, They are opportunistic
behavior (negative) and management actions that should be done (positive). Healy and
Wahlen (1998) consider earnings management as an act of misleading and deceiving
shareholders. This is due to management has an asymmetric information about the
condition of the companies. The purpose of this study is to analyze the difference of
earnings management between the shariah index (JII) and conventional index (LQ - 45).
These samples are 153 and 187 companies listed in Indonesian stocks exchange from 2004
- 2010 periods. The analysis used independent sample t-test. The result shows that the
average value of accruals (DACC1) on the companies listed in the conventional index is
0.8042210 and the average value of accruals (DACC2) on the companies in the shariah
index is 0.098318. Statistical test shows that there is not significant differences in earnings
management practices (DACC) between companies in the shariah index and conventional
index (prob.value = 0.335). It means that earnings management practices which tend to
increase the profit made by the companies in the conventional index more than the
companies in the shariah index. Earnings management perspective used in this study is
opportunistic perspective. For further research, earnings management needs to be reviewed
from the other perspective, such as efficiency perspective and a positive perspective.