Title : Analysis of the Influence of Earnings Management and Leverage on Company Value Using Good Corporate Governance as a Moderation Variable in Indonesian Stock Exchange Lq45 Companies

Vol 6 No 12 (2023): Volume 06 Issue 12 December 2023

Article Date Published : 29 December 2023 | Page No.: 8634-8642 | Google Scholar | Crossref doi for this article

Abstract :

The purpose of this research is to find out the influence of earnings management and leverage on company value with good corporate governance as a moderating variable. The population in this study is LQ45 companies in 2017-2021. The data analysis technique in this research uses panel data analysis and moderated regression analysis (MRA) using the Eviews 10 program. The research results show that: (1) Earnings management has a negative and significant effect on company value. (2) Leverage has a negative and significant effect on company value. (3) Good corporate governance is able to moderate the influence of earnings management on company value. (4) Good corporate governance is unable to moderate the influence of leverage on company value.

Keywords :

and Good Corporate Governance., Company Value, Earnings Management, leverage

References :

  1. Suryandani, A. (2018). Pengaruh Pertumbuhan Perusahaan, Ukuran Perusahaan, dan Keputusan Investasi terhadap Nilai Perusahaan pada Perusahaan Sektor Property dan Real Estate. Business Management Analysis Journal, 49-59.
  2. Weston, J.F. & Copeland, T.E. (2010). Manajemen Keuangan. Jakarta: Binarupa Aksara.
  3. Riswandi, P., & Yuniarti, R. (2020). Pengaruh Manajemen Laba Terhadap Nilai Perusahaan. Pamator Journal, 13(1), 134-138.
  4. Rohmaniyah, A. & Khanifah. (2018). Analisis Manajemen Laba Pada Laporan Keuangan Perbankan Syariah. AKSES: Jurnal Ekonomi dan Bisnis. 13. 10.31942/akses.v13i1.3225.
  5. Kristanti, E. W., & Priyadi, M. P. (2016). Pengaruh Good Corporate Governance Sebagai Pemoderasi Hubungan Manajemen Laba Terhadap Nilai Perusahaan. Jurnal Ilmu dan Riset Akuntansi.
  6. Helmayunita, N., & Sari, V. F. (2013). Pengaruh Manajemen Laba dan Struktur Kepemilikan Perusahaan Terhadap Nilai Perusahaan. Jurnal WRA.
  7. Ridwan, M., & Gunardi, A. (2013). Peran Mekanisme Corporate Governance sebagai Pemoderasi Praktik Earnings Management Terhadap Nilai Perusahaan. Trikonomika, 49-60.
  8. Jefriansyah. (2015). Pengaruh Kebijakan Hutang dan Manajemen Laba Terhadap Nilai Perusahaan. Jurnal Ilmiah Universitas Negeri Padang.
  9. Maisyarah, H., Maslichah, & Mawardi, M. C. (2016). Pengaruh Manajemen Laba dan Kinerja Keuangan Terhadap Nilai Perusahaan.
  10. Emrinaldi, N.D. (2019). Analisis Pengaruh Praktek Tata Kelola Perusahaan (Corporate Governance) Terhadap Kesulitan Keuangan Perusahaan (Financial Distress): Suatu Kajian Empiris. Jurnal Bisnis Dan Akuntansi 9 (1), 88-108. https://doi.org/10.34208/jba.v9i1.604.
  11. Guna, W & Herawaty, A. (2010). Pengaruh Mekanisme Good Corporate Governance, Independensi Auditor, Kualitas Audit dan Faktor Lainnya dalam Manajemen Laba. Jurnal Bisnis dan Akuntansi, Vol. 12, No. 1.
  12. Setiadewi, K. A., & Purbawangsa, I. B. (2015). Pengaruh Ukuran Perusahaan dan Leverage Terhadap Profitabilitas dan Nilai Perusahaan. E-Jurnal Manajemen Unud, 596-609.
  13. Suwardika, I. N., & Mustanda, I. K. (2017). Pengaruh Leverage, Ukuran Perusahaan, Pertumbuhan Perusahaan, dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Properti yang Terdaftar di BEI. E-Jurnal Manajemen Unud, 1248-1277.
  14. Pratama, I. G., & Wiksuana, I. G. (2016). Pengaruh Ukuran Perusahaan dan Leverage Terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Mediasi. E-Jurnal Manajemen Unud, 1338-1367.
  15. Cheng, M.-C., & Tzeng, Z.-C. (2011). The Effect of Leverage on Firm Value and How The Firm Financial Quality Influence on This Effect. World Journal of Management, 30-53.
  16. Rahmadani, F. D., & Rahayu, S. M. (2017). Pengaruh Good Corporate Governance (GCG), Profitabilitas dan Leverage Terhadap Nilai Perusahaan (Studi Kasus Pada Perusahan Perbankan yang Terdaftar Pada BEI Periode 2013-2015). Jurnal Administrasi Bisnis, 173182.
  17. Cheryta, A. M., Moeljadi, & Indrawati, N. K. (2017). The Effect of Leverage, Profitability, Information Asymmetry, Firm Size on Cash Holding and Firm Value of Manufacturing Firms Listed at Indonesian Stock Exchange. International Journal of Research in Business Studies and Management, 21-31.
  18. Jensen, & Meckling. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Jurnal of Financial Economics, 305-360.
  19. Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 355-374.
  20. Brigham, E. F., & Houston, J. F. (2011). Dasar-dasar Manajemen Keuangan Terjemahan. Jakarta: Salemba Empat.
  21. Jogiyanto, H. (2010). Studi Peristiwa (Menguji Reaksi Pasar Modal Akibat Suatu Peristiwa). Yogyakarta: BPFE Yogyakarta.
  22. Tambalean, F. A., Manossoh, H., & Runtu, T. (2018). Pengaruh Kepemilikan Manajerial dan Kepemilikan Institusional Terhadap Nilai Perusahaan pada Perusahaan Sektor Industri Barang Konsumsi Di BEI. Jurnal Riset Akuntansi Going Concern, 465–473.
  23. Copeland, T.E., Weston, J.F. & Shastri, K. (2005). Financial Theory and Corporate Policy. 4th Edition. Boston: Addison-Wesley.
  24. Schipper, K. (1989). Commentary on Earnings Management. Accounting Horizons, 3, 91102.
  25. Fischer, M., & Rosenzweig, K. (1995). Attitudes Of Students And Accounting Practitioners Concerning The Ethical Acceptability Of Earnings Management. Journal of Business Ethics.
  26. Putri, H. T. (2019). Pengaruh Manajemen Laba Terhadap Nilai Perusahaan pada Industri Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2015- 2017. J-MAS (Jurnal Manajemen Dan Sains).
  27. Jiraporn, P., Miller, G. A., Yoon, S. S., & Kim, Y. S. (2008). Is Earnings Management Opportunistic or Beneficial? An Agency Theory Perspective. International Review of Financial Analysis, 622-634.
  28. Wardani, D. K., & Hermuningsih, S. (2012). Earnings Management and Firm Value with Investment Opportunity Set (IOS) as Moderating Variable: Comparative Study in Indonesia and Malaysia. The 13th Malaysia-Indonesia International Conference on Economic, Manajamen and Accounting (MIICEMA).
  29. Hwang, N. C., Chiou, J. R., Hsueh, M. H., & Hsieh, C. C. (2014). How Does Earnings Management Affect Inovation Strategies of Firms?
  30. Susanto, S., & Christiawan, Y. J. (2016). Pengaruh Earnings Management terhadap Firm Value. Business Accounting Review, 205-216.
  31. Kasmir. (2014). Analisis Laporan Keuangan. Jakarta: PT Raja Grafindo Persada.
  32. Christiani, L., & Herawaty, V. (2019). Pengaruh Kepemilikan Manajerial, Komite Audit, Leverage, Profitabilitas, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Manajemen Laba Sebagai Variabel Moderasi. Prosiding Seminar Nasional Cendekiawan, 1–7.
  33. Sunardi, N. (2019). Mekanisme Good Corporate Governance Terhadap Nilai Perusahaan Dengan Leverage Sebagai Variabel Intervening Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2018. Jurnal Ilmiah Manajemen Forkamma.

How to Cite :

Analysis of the Influence of Earnings Management and Leverage on Company Value Using Good Corporate Governance as a Moderation Variable in Indonesian Stock Exchange Lq45 Companies. Anggi Dermawan Purba, Isfenti Sadalia, Nisrul Irawati , 6(12), 8634-8642. Retrieved from https://ijcsrr.org/single-view/?id=14287&pid=13554

Most read articles by the same author(s)

Anggi Dermawan Purba, Isfenti Sadalia, Nisrul Irawati,

View

58

Citation

Downloads

Article Details