PENGARUH STRUKTUR KEPEMILIKAN INSTITUSIONAL, UKURAN PERUSAHAAN DAN LEGAL ORIGIN TERHADAP MANAJEMEN LABA
Abstract: The objective
of the research
are to find
out empirical evidence
about the effect
of institutional ownership structure, firm size and legal origin on
earnings management by companies Asia listed in New York Stock Exchange (NYSE).
The role of earnings in compensation contracts and performance appraisal may be
driving the emergence of earnings
management. Measures of
earnings management can
be minimized by monitoring
the management using
the proportion of
institutional ownership in the
company. The complexity of the business and reputation of the company can raise
the size of the company as part of the increasing influence of information
asymmetry and earnings management. For companies listed on foreign stock
markets, the legal system of the country
of origin (legal
origin) might impact
on earnings management
of the company.Companies in
countries with civil
law legal origin
have higher earnings management than
firms in countries
with common law
legal origin. Earnings management is measured using the
modified Jones model of discretionary accruals as a proxy for earnings
management. This study use 50 companies Asia listed in NYSE as sample, during
the 2009-2011 year
period of observation.
Statistical test using multiple regression.
This study obtained
evidence that institutional
ownership structure and firm
size significantly negative
effect on earnings
management. While legal origin
did not affect
effect on earnings
management of the
company. This happens because the
NYSE stock market is in a country with strong investor protection so that
the legal origins
of the Asia
companies do not
affect earnings management action.
Keywords: Institutional
Ownership Structure, Firm
Size, Legal Origin,
Earnings Management, Modified Jones Model and Discretionary Accruals
Penulis: Cahyo Indraswono
Kode Jurnal: jpakuntansidd150607
