Corporate Governance dan Karakteristik Perusahaan Terhadap Manajemen Laba

Abstract

This study aims to examine the influence of corporate governance and corporate characteristics on earnings management. This research is done by library study and documentation method. Data were taken from Indonesia Capital Market Directory (ICMD) and Financial Statement of manufacturing company in Indonesia Stock Exchange (BEI). This research uses sample of manufacturing company during 2010-2012 by using purposive sampling method. There are 40 companies during 2010-2012 that meet the sample criteria. The method of analysis used in this study is multiple regression analysis. The results of this study indicate that variables that have significant influence on earnings management are managerial ownership, firm size (size) and leverage. Ownership of shares by the manager shows negative results, so it can mean that the increasing managerial ownership will further reduce the action of earnings management within the company. The size of the company (size) shows a negative result, it proves that large companies will be more careful in financial reporting and tend to report financial condition accurately because it is more concerned by the public. Leverage variables show significant results which means that the level of leverage or the amount of debt a company can motivate companies to practice earnings management. The independent variable of institutional ownership and board of commissioners does not have a significant effect on earnings management by the manufacturing company. Keyword: corporate governance, firm size, leverage and earnings management.