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| dc.description.abstract | Earnings management is a management action to maximize or
minimize the portion of accruals in earnings. Management often
perform earnings management for several reasons: first, because the
use of the accrual basis of accounting. This is an opportunity for
management to select accounting methods (Scott, 2006); Second,
because of the asymmetry of information. In this case, management
has greater information than the principal (Morris, 1987); Third, as
regards the company as a nexus of contracts. It is based on the theory
of agency that is the difference of interests between agents and
principals. The action is related to earnings management bonus plans,
debt covenants and political costs (Watts and Zimmerman, 1990). In
this case, management has 2 related behavior of earnings management
is opportunistic behavior and efficient behavior contract.
The purpose of this study was to identify the trend of earnings
management in companies incorporated in the BEI LQ45, and
magnitude of earnings management by the management. The samples
were incorporated in the LQ 45 from year 2004 to 2010 with a total
samples 187 firm years.
The results showed that the average value of EM 2004 = 4.01, EM
2005 = 0.15, EM 2006 = -0.24, EM 2007 = 0.54, EM 2008 = 0.87,
EM 2009 = - 0.51, EM 2010 = -2.52, and the total average EM = 0.89,
these results showed no significant average EM conducted by
management. The results also indicate the trend of EM that do not give
the same direction from year to year. However, the average total EM
has positive value.
This finding supports previous research done by Cahan (1992),
DeFond and Jiambalvo (1994), Sweeney (1994); Kusumawati and
Sasongko (2005), and Dechow et. al. (2010), which provides empirical
evidence regarding the identification of trends of earnings
management in the form of maximizing or minimizing the reported
earnings. Earnings management perspective used in this study do not
lead to opportunistic perspective or not. However, this study illustrates
the tendency of earnings management performed. | in_ID |
