Pengaruh Manajemen Laba Akrual dengan Pendekatan Revenue Discretionary Model terhadap Kinerja Perusahaan

Accrual earnings management is a form of manipulation of financial statements on the accrual components to increase its profit in order to look good in the investors perception. This research approach discretionary revenue published by Stubben in 2010 with two different formulas are conditional revenue models and revenue models to measure the accrual earnings management to be proxies to the performance of the company. The purpose of this study was to analyze the effect of accrual earnings management by discretionary revenue approach on firm performance in manufacturing companies listed on the Stock Exchange. The Results of analysis for this study were 1) Accrual earnings management is measured using a Revenue Model does not affect the Return On Asset. 2) Accrual earnings management is measured using a Revenue Model does not affect the Tobin’s q. 3) Accrual earnings management is measured using a Conditional Revenue Models effect on the Return On Asset. 4) Accrual earnings management is measured using a Conditional Revenue Models has no effect on Tobin’s q.

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EFFECTIVENESS OF FIRM PERFORMANCE AND EARNINGS MANAGEMENT TO STOCK PRICES

EPRA International Journal of Multidisciplinary Research (IJMR) ◽

10.36713/epra3922 ◽

2020 ◽

pp. 75-83

Author(s):

Rieke Pernamasari ◽

Sri Purwaningsih ◽

Juita Tanjung ◽

Dewi Puji Rahayu

Keyword(s):

Firm Performance ◽

Earnings Management ◽

Stock Prices ◽

Stock Price ◽

Stock Exchange ◽

Manufacturing Sector ◽

Financial Statements ◽

Specific Model ◽

Publication Date ◽

Manufacturing Companies

The long-term goal to be achieved in this research is to analyze stock prices by using firms performance and earnings management in the consumption sector manufacturing companies on the Indonesia Stock Exchange. Firm performance uses profitability proxies measured through Return On Assets (ROA) and leverage measured through Debt to Equity Ratio (DER), while the proxy for earnings management used is the actual specific model, namely working capital accruals. The stock price used in this study is the stock price one week after the publication date of the 2016-2018 financial statements. The results of the study indicate that the performance of companies proxied through ROA and DER is able to have a significant positive effect on stock prices in registered manufacturing sector manufacturing companies on the Indonesia Stock Exchange. The results of this study prove that investors are very concerned about the information contained in the financial statements published by the company, especially information about profits or profits obtained by the company and the debt used by the company for its operations, while earnings management is able to give an influence but not significant on stock prices. This means that investors do not respond to information, including accruals in the financial statements. KEYWORDS: Return on Asset, Debt on Equtity Ratio, Earning Management, Stock Price.

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christiano VOL7 ED.1

10.31219/osf.io/bv42x ◽

2019 ◽

Author(s):

Christiano Lombogia

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Stock Exchange ◽

Financial Statements ◽

Coefficient Of Determination ◽

Tobin’S Q ◽

Corporate Value ◽

Manufacturing Companies ◽

Tobin's Q ◽

Good Corporate Governance

This research is done to know effect of financial performance toward corporate value by using of Good Corporate Governance as a moderating variable. ROA,ROE, And Leverage as an indicator of financial performance is known as the dependent variable. Good Corporate Governance (GCG )is a moderating variable.The companies that are in the research are manufacturing companies which are listed in the Indonesian Stock Exchange (IDX), published financial statements ending December 31, and had complete data of Good Corporate Governance. The data is then processed by using statistical appliance that was called regression with interaction.According to the research financial performance (ROA, ROE and Leverage) by simultan show has an effect on corporate value (Tobin’s Q). Good Corporate Governance (GCG) hasn’t an effect the financial performance (ROA, ROE Leverage) toward the value of the company (Tobin’s Q). The result of coefficient of determination test indicate that all independent variables (ROA, ROE Leverage) can explain the variation of dependent variable (Corporate Value) amount to 44,8%. The result of coefficient of beta test indicate that ROE is most dominant influence to corporate value.

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Analysis Effect of Accrual Quality, Growth Opportunity and Gender Diversity on Firm Performance (Empirical Evidence from Listed Company in Indonesia Stock Exchange)

International Journal of Contemporary Accounting ◽

10.25105/ijca.v1i2.6128 ◽

2020 ◽

Vol 1 (2) ◽

pp. 117

Author(s):

Imam N. Fambudi ◽

Dara Fitriani

Keyword(s):

Firm Performance ◽

Stock Exchange ◽

Gender Diversity ◽

Total Sample ◽

Tobin’S Q ◽

Manufacturing Companies ◽

Tobin's Q ◽

Accrual Quality ◽

Growth Opportunity ◽

And Gender

The research aims to analyze the relationship of accrual quality, growth opportunity, and gender diversity to firm performance which is divided into two-equation models namely Tobin's Q and ROA with control variables firm size, firm age and leverage using multiple regression analysis methods. The sample in this study is manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2017 with a total sample of 117 companies. The results showed that accrual quality and growth opportunity had a significant positive effect on the ROA model while gender diversity had a significant negative effect on Tobin's Q.

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Pengaruh Corporate Social Responsibility Terhadap Nilai Dan Kinerja Perusahaan Manufaktur

Jurnal ULTIMA Accounting ◽

10.31937/akuntansi.v3i1.39 ◽

2011 ◽

Vol 3 (1) ◽

pp. 1-13

Author(s):

Agustin Ekadjaja ◽

Vony Vony

Keyword(s):

Corporate Social Responsibility ◽

Linear Regression ◽

Confidence Level ◽

Stock Exchange ◽

Tobin’S Q ◽

Manufacturing Companies ◽

Simple Linear Regression ◽

Tobin's Q ◽

And Performance ◽

Corporate Social

This study aims to determine the effect of CSR Index to the value and performance of manufacturing companies listed on the Indonesia Stock Exchange (BEI), and to find out how much the ability of the variable CSR Index in explaining the variable Tobin’s Q, ROA, and ROE manufacturing companies listed on Indonesia Stock Exchange (BEI). This study uses data sampled during the 75 years from 2007 to 2009. A statistical method used to test the research hypothesis is a simple linear regression model. Therefore, before performing hypothesis testing carried out tests of classical assumptions. The results of this study prove that, CSR Index has a significant effect on Tobin’s Q and ROE with 95% confidence level. However, CSR Index has no significant influence on ROA with 95% confidence level. Key words : CSR Index, Variabel Tobin’s Q, ROA, ROE

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PENGARUH KRISIS MONETER PADA KINERJA KEUANGAN DAN NILAIPERUSAHAAN

Media Riset Akuntansi Auditing & Informasi ◽

10.25105/mraai.v9i1.666 ◽

2009 ◽

Vol 9 (1) ◽

pp. 34

Author(s):

Nelli Novyarni

Keyword(s):

Financial Performance ◽

Stock Exchange ◽

Tobin’S Q ◽

Corporate Value ◽

Manufacturing Companies ◽

Tobin's Q ◽

Financial Ratio ◽

Before And After ◽

Equity Ratio ◽

Monetary Crisis

This study was aimed analyzing the monetary crisis on financial performance and corporation value effect.This study found that the monetary crisis affect on financial performance and corporation value. The study on 50 manufacturing companies consist of 25 companies variety business and industry and pharmacist notes at Jakarta Stock Exchange from 1992 to 2002 revealed that the monetary crisis cause decrease in financial performance and corporate value. Based on before and after mean financial and Tobin 's Q ratio, it found that the monetary crisis cause decrease in financial performance especially in 1998 and corporation value from 1998 to 2002. This study also found that based on each sector, the monetary crisis affect all financial ratio at sector one, especially in 1998 and 2000 and the monetary crisis just affect debt to equity ratio from to 2002 at sector two. Beside that the monetary crisis affect corporation value of all sectors.Keywords: Monetary crisis; financial ratio; Tobin's Q; Financial Performance; Value of the firm.

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Pengaruh Good Corporate Governance Terhadap Manajemen Laba Perusahaan Sektor Barang Konsumsi

Jurnal Ilmiah Akuntansi Kesatuan ◽

10.37641/jiakes.v9i2.875 ◽

2021 ◽

Vol 9 (2) ◽

Author(s):

Veren Noviyanti ◽

Heti Herawati

Keyword(s):

Corporate Governance ◽

Earnings Management ◽

Audit Committee ◽

Stock Exchange ◽

Financial Statements ◽

Managerial Ownership ◽

Manufacturing Companies ◽

Independent Variables ◽

Management Board ◽

Good Corporate Governance

Earnings management is a manager's deliberate action to manipulate financial statements with permissible limits with the aim of providing incorrect information for users of financial statements. The variables tested in this study consisted of independent variables and dependent variables. The independent variables tested in this study consisted of independent board of commissioners, managerial ownership, audit committee, and board of commissioners. While the dependent variable is earnings management as measured by the modified Jones model discretionary accruals. This study uses 52 data on manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange from 2016 to 2019. Sampling using the purpose sampling method. All data obtained from the company's annual financial statements. The results of this research show that partially independent board of commissioners and managerial ownership have no effect on earnings management, while the size of the board of commissioners and audit committee has a positive effect on earnings management. Independent board of commissioners, managerial ownership, audit committee, and board of commissioners simultaneously have no effect on earnings management. Keywords: Good Corporate Governance, Earnings Management, Board of Independent Commissioner, Board of Commissioner, Audit Committee, Managerial Ownership

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Earnings management and initial public offerings among Indonesian manufacturing companies

Investment Management and Financial Innovations ◽

10.21511/imfi.18(3).2021.03 ◽

2021 ◽

Vol 18 (3) ◽

pp. 27-39

Author(s):

Andreas ◽

Enni Savitri ◽

Tatang Ary Gumanti ◽

Nurhayati

Keyword(s):

Earnings Management ◽

Initial Public Offerings ◽

Stock Exchange ◽

Financial Statements ◽

Asia Pacific ◽

Manufacturing Companies ◽

Public Offerings ◽

Industry Group ◽

Manufacturing Sectors ◽

Essential Chemical

Earnings management (EM) refers to the common use of accounting techniques in various economic settings, such as Initial Public Offerings (IPOs), to produce financial statements. This study, therefore, analyzes the effect of firm size, operating cash flow, the used IPO proceeds, earnings changes, and leverage on EM of manufacturing companies on the Indonesia Stock Exchange from 1989 to 2013. This sector comprises the essential chemical industry, miscellaneous organizations, and consumer goods, with 63 firms being used to meet the selection criteria. The regression analysis showed that the intended use of funds and leverage had a negative and significant impact on EM. Furthermore, the process is measured using Friedlan’s (1994) Discretionary Current Accruals model with similar results found in each industry group and their insignificant differences used to regulate the level of discretionary accruals between the three sectors. This study implies that the EM level is qualitatively similar among IPO companies in the three sub-sectors examined. AcknowledgmentsThe authors are grateful to the audience for their comments during the 11th Environmental and Sustainability Management Accounting Network-Asia Pacific (EMAN-AP) Conference held at the Danang University of Economics, Danang, Vietnam, 12-13 August 2019. The early draft was titled “Earnings Management and Initial Public Offerings on Manufacturing Sectors Companies”.

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Analisis Pengaruh Profitabilitas, Ukuran Perusahaan, Keputusan Investasi, dan Kebijakan Utang Terhadap Nilai Perusahaan

Jurnal Inspirasi Bisnis dan Manajemen ◽

10.33603/jibm.v3i1.2079 ◽

2019 ◽

Vol 3 (1) ◽

pp. 77

Author(s):

Lasmanita Rajagukguk ◽

Valencia Ariesta ◽

Yunus Pakpahan

Keyword(s):

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Investment Decisions ◽

Secondary Data ◽

Tobin’S Q ◽

Manufacturing Companies ◽

Process Data ◽

Tobin's Q ◽

Debt Policy

Abstract: This study aims to analyze the effect of profitability, firm size, investment decisions, and debt policy on firm value. The research method used is quantitative research. In this study, company value is measured using Tobin's Q. The data in this study are secondary data in the form of annual financial statements of audited manufacturing companies and published as listed on the Indonesia Stock Exchange for the period of 2012 to 2016. The statistical method used is analysis of multiple linear regression using the SPSS version 22.00 program to process data. The study found that profitability, company size, and debt policy significantly influence the value of the company, while investment decisions do not affect the value of the company. Keywords: firm value, profitability, firm size, debt policy, investment decisions. Abstrak. Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas, ukuran perusahaan, keputusan investasi, dan kebijakan utang terhadap nilai perusahaan.Metode penelitian yang digunakan adalah penelitian kuantitatif. Dalam penelitian ini, nilai perusahaan diukur dengan menggunakan Tobin’s Q. Data dalam penelitian ini adalah data sekunder berupa laporan keuangan tahunan perusahaan manufaktur yang telah diaudit dan dipublikasikan yang tercatat di Bursa Efek Indonesia periode tahun 2012 sampai dengan tahun 2016. Metode statistik yang digunakan adalah analisis regresi linear berganda dengan menggunakan program SPSS versi 22.00 untuk mengolah data. Penelitian menemukan bahwa profitabilitas, ukuran perusahaan, dan kebijakan utang berpengaruh signifikan terhadap nilai perusahaan, sedangkan keputusan investasi tidak berpengaruh terhadap nilai perusahaan. Kata kunci: Nilai perusahaan, profitabilitas, ukuran perusahaan, kebijakan utang, keputusan investasi.

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Karakteristik CEO Dan Kinerja Perusahaan Non-Keuangan Yang Teraftar Di Bursa Efek Indonesia

Jurnal Manajemen dan Bisnis Indonesia ◽

10.31843/jmbi.v5i3.169 ◽

2018 ◽

Vol 5 (3) ◽

pp. 299-314

Author(s):

I Made Sudana ◽

Elka Dwiputri

Keyword(s):

Firm Performance ◽

Stock Exchange ◽

Tobin’S Q ◽

Tobin's Q ◽

Purposive Sampling ◽

Ceo Tenure ◽

Analysis Technique ◽

Financial Firm ◽

Ceo Characteristics

The purpose from this research is to test the effect from CEO characteristics towards firm performance. CEO characteristics was proxied with founder CEO, ownership, tenure, and education. Firm performance was proxied with Tobin’s Q. The sample from this research are every non-financial firm that have been listed in Indonesian Stock Exchange from 2010 – 2015 period. The method from this research is purposive sampling with analysis technique model multiple linier regression. The result from this research showed that founder CEO, CEO ownership, CEO tenure have a positive significant effect towards firm’s performance or Tobin’s Q. Keywords : CEO Characteristics, Firm Performance

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Financial Leverage on Earnings Management of Quoted Manufacturing Companies in Nigeria

THE INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION ◽

10.18775/ijmsba.1849-5664-5419.2014.64.1001 ◽

2020 ◽

pp. 7-21

Author(s):

Ogiriki Tonye ◽

Iweias Seth Sokiri

Keyword(s):

Earnings Management ◽

Positive Impact ◽

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Ordinary Least Squares ◽

Manufacturing Firms ◽

Real Earnings Management ◽

Manufacturing Companies ◽

Financial Leverage

This study investigated financial leverage on earnings management in manufacturing firms in Nigeria. A total of twenty-nine (29) listed firms on the Nigeria Stock Exchange (NSE) were studied, and secondary data were extracted from their annual financial statements as reported in the factbook. Ordinary least squares (OLS) method was used to analyze the data. The results revealed that: the management of manufacturing companies in Nigeria employs all the three strategies of earnings management in their companies. The relationships between financial leverage and each of the dependent variables are positive but weak. Financial leverage does not have a significant impact on accruals earnings management in listed manufacturing firms in Nigeria; but it does on real earnings management and deferred tax earnings management; The study concludes that financial leverage has a positive impact on accrual earnings management, while both financial leverage and total leverage has a negative effect on real earning management. The study recommends that users of financial statements should factor in financial leverage in assessing reported earnings by lowering/upping their expectations as to the reliability of the earnings, depending on whether financial leverage is high or low.

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