The influence of earnings management on firm value and good corporate governance as moderating variable of companies listed on LQ45 index in Indonesia Stock Exchange

Claudia, Cindy (2021) The influence of earnings management on firm value and good corporate governance as moderating variable of companies listed on LQ45 index in Indonesia Stock Exchange. Bachelor thesis, Universitas Pelita Harapan.

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Abstract

The objective of this research is to provide the study of the influence of earnings management towards the firm value and also to examine whether the good corporate governance mechanism is the moderating variable between the influences of earnings management towards the firm value. The variable examined in this research is earnings management measured with the discretionary accrual modified by Jones model, firm value, independent commissioners. Managerial ownership and institutional ownership. The population which is used in this research are the companies listed on LQ45 Index in Indonesia Stock Exchange in the period 2015-2019. This research is conducted using a purposive sampling method to determine the sample and it produces 140 samples which is determined from 28 companies as the research sample. This research is based on the quantitative research design and using the secondary data which was obtained from the Indonesia Stock Exchange. The result of this research by using SPSS 25 shows that earning management has significant influence towards firm value. This research also found that the implementation of good corporate governance that is measured by managerial ownership could act as a moderating variable, in which will be able to weaken the influence of earnings management towards firm value. However, institutional ownership and independent commissioners does not act as a moderating variable, thus does not affect the influence of earning management towards firm value/Tujuan dari penelitian ini adalah untuk menguji pengaruh manajemen laba terhadap nilai perusahaan dan untuk menguji apakah mekanisme corporate governance adalah variabel moderasi antara pengaruh manajemen laba terhadap nilai perusahaan. Variabel yang diuji dalam penelitian ini dalah manajemen laba yang diukur dengan akrual diskresioner yang dimodifikasi dengan model Jones, nilai perusahaan, komisaris independen, kepemilikan manajerial dan kepemilikan institusi. Populasi yang digunakan dalam penelitian ini adalah perusahaan yang terdaftar pada Indeks LQ45 di Bursa Efek Indonesia periode 2015-2019. Penelitian ini menggunakan metode purposive sampling untuk menentukan 140 sampel dan menghasilkan 28 perusahaan sebagai sampel penelitian. Dalam penelitian ini didasarkan pada desain penelitian kuantitatif dan menggunakan data sekunder yang diperoleh dari Bursa Efek Indonesia. Hasil penelitian dengan menggunakan SPSS 25 menunjukan bahwa manajemen laba berpengaruh signifikan terhadap nilai perusahaan. Hasil dari penelitian ini juga mnunjukan bahwa implementasi dari good corporate governance yang diproksikan oleh kepemilikan manajerial dapat berperan menjadi variabel moderasi, yang dapat melemahkan pengaruh dari manajemen laba terhadap nilai perusahaan. Akan tetapi, kepemilikan institusional dan komisaris independen yang termasuk dalam indikator dari good corporate governance tidak dapat berperan sebagai variabel moderasi dalam pengaruh manajemen laba terhadap nilai perusahaan.

Item Type: Thesis (Bachelor)
Creators:
CreatorsNIMEmail
Claudia, CindyNIM03012170059cindyclaudia15.cc@gmail.com
Contributors:
ContributionContributorsNIDN/NIDKEmail
Thesis advisorMartok, YenniNIDN0130048101yenni.martok@uph.edu
Uncontrolled Keywords: earnings management, firm value, good corporate governance, moderating variable, independent commissioners, managerial ownership, and institutional ownership
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: University Subject > Current > Faculty/School - UPH Medan > Business School > Accounting
Current > Faculty/School - UPH Medan > Business School > Accounting
Depositing User: Users 18922 not found.
Date Deposited: 17 Aug 2021 07:38
Last Modified: 12 Jan 2022 09:25
URI: http://repository.uph.edu/id/eprint/41804

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