Pengaruh 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 mechanisms of corporate governance on the earnings management practicesoccurred in companies listed in the sharia and the conventional index during 2006–2010 period. This study used purposive sampling method. These samples are 95 companies listed in the sharia index (Jakarta Islamic Index) and 114 companies listed in the conventional index (LQ 45). Analysis used different test with independent samples t-tes and multiple regression analysis. Research results indicate that earnings management have not different practices between companies listed in the sharia index and the conventional index. Corporate governance mechanisms including institutional ownership, managerial ownership, the proportioan of the board of commissioners, and the existence of an audit commitee, have effect on the earnings mangement practices, but the size of board of commissioners do not effect the earnings management practices. Institutional ownership, managerial ownership, and the exixstence of audit commitee effect on the earnings management practices in sharia index. While proportioan of the board of commissioners and the exixstence of audit commitee effect on the earnings management practices in conventional index.