PERAN MODERASI STRUKTUR KEPEMILIKAN TERHADAP HUBUNGAN MANAJEMEN LABA DAN NILAI PERUSAHAAN
Abstract
ABSTRACT
Purpose: To empirically identify the influence of earnings management toward firm value and the effect of good corporate governance concerning the relation between earnings management and firm value
Research Methodology: The purposive sampling method is being utilized to do sampling on property, real estate & building construction firms which are listed at the Indonesian Stock Exchange (IDX) for the period of three years (2014-2016). Multiple regression method is implemented to test hypothesizes.
Result: The result indicates that earnings management positively affecting the firm value. In addition, earnings management which is moderated by institutional ownership negatively correlated to firms’ value whereas a positive correlation in firms' value exists in earnings management with managerial ownership as a moderator
Limitation: This research was conducted at a particular sector, therefore, it cannot be generalized at whole population of listed firms in Indonesia.
Contribution: This research enrich knowledge in corporate governance in Indonesia alongside add up further understanding of the agency theory in the context of earnings management and firm value.
Keywords: Earnings Management; Firm Value; Institutional Ownership; Managerial Ownership
ABSTRAK
Tujuan: Untuk mengetahui secara empiris pengaruh manajemen laba terhadap nilai perusahaan serta pengaruh tata kelola perusahaan terhadap hubungan antara manajemen laba dan nilai perusahaan.
Metode Penelitian: Metode purposive sampling diterapkan pada sektor property, real estate & building contruction yang sudah melantai di Bursa Efek Indonesia (BEI) selama 3 tahun pada periode 2014-2016. Analisa regresi berganda digunakan untuk pengujian hipotesa
Hasil: Hasilnya mengindikasikan bahwa manajemen laba berpengaruh positif terhadap nilai perusahaan. Manajemen laba terhadap nilai perusahaan yang dimoderasi oleh kepemilikan institusional berpengaruh negative. Sedangkan hubungan yang dimoderasi oleh kepemilikan manajerial berpengaruh positif antara manajemen laba dan nilai perusahaan
Limitasi: Penelitian ini di lakukan dengan menggunakan sektor tertentu sehingga hasil tidak bisa di generalisasi terhadap keseluruhan populasi perusahaan tercatat di Indonesia Kontribusi: Penelitian ini dapat memperkaya pembahasan tentang tata kelola di Indonesia serta dapat memberikan pemahaman tambahan tentang teori agensi dalam konteks manajemen laba dan nilai perusahaan
Kata kunci: Kepemilikan Institusional; Kepemilikan Manajerial; Manajemen Laba; Nilai Perusahaan
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DOI: https://doi.org/10.31326/.v3i1.1186
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