MANAJEMEN LABA DAN STATUS KETERLAMBATAN PERUSAHAAN DALAM MENYAMPAIKAN LAPORAN KEUANGAN TAHUNAN
ABSTRACT: The purpose of this
study is to evaluate whether companies who are behind schedule in submitting
their financial statement to Bapepam tend to do more earnings management than
those who are on time. This study also evaluates other factors of earnings management,
such as leverage, firm size, availability of audit committee and independent
board, and audit quality.
Using the proxy of discretionary accruals as the indicator of earnings
management, this study finds that behind-schedule companies show higher average
of discretionary accruals than on-time companies. Statistics also show that
financial indicators for these companies are significantly different.
Further, this study finds that leverage has a negative relation with
discretionary accruals while firm size has a positive relation with it. This
study also finds that companies in compliance to Bapepam regulation about audit
committee have lower average of discretionary accruals than those not complying
to Bapepam regulation and/or without audit committee. Finally, this study finds
that big-4-audited companies have lower average of discretionary accruals than
other companies. This study, however, does not provide any empirical evidence
to support any relation between the proportions of independent board to discretionary
accrual level.
Penulis: Ika Permatasari
Kode Jurnal: jpakuntansidd050026
