PENGARUH KARAKTERISTIK DEWAN KOMISARIS DAN KEPEMILIKAN INSTITUSIONAL TERHADAP MANAJEMEN LABA BERBASIS AKTIVITAS REAL
Abstract: This paper examines
the effect of board characteristics and institutional ownership on real
earnings management. Previous studies have shown that board’s monotoring
functions increasing as the ouside members increased and tended to decrease
when they also serve as board commissioner in another company. Therefore, board
commissioners independence are predicted to negatively effect real earnings
managements, and the number of jobs that independent members takes in another
company positively effect real earnings management. Meanwhile, the
institutional ownership is predicted to reduce real earnings management. Firms’
samples are from Indonesia Stock Exchange in the period 2007-2010. Hypothesis
testing is performed by multiple linear regression. The result findings are
summarized as follows: 1) independence of the board of commissioners is
inversely related to real earnings management, 2) firms having independent
members who are also a member of board of commissioners in another company have
higher real earnings management than firms with independent board that had not
served same position in other companies, 3) institutional ownership negatively
effect real earnings management, 4) managerial ownership negatively effect real
earnings management.
Keywords: board independence,
real earnings management, agency theory, opportunistic earnings management,
signaling mechanism
Penulis: Sansaloni Butar-Butar
Kode Jurnal: jpakuntansidd130853
