IMPLIKASI REGULASI PASAR MODAL TERHADAP MOTIF MANAJEMEN LABA: PENGUJIAN BERBASIS TEORI PENSIGNALAN
This study examines the motives of earnings management following series of regulation released by the Capital Market Supervisory Agency and Jakarta Stock Exchange in 2004 (hereafter, SK Bapepam-LK and BEJ). SK Bapepam-LK and BEJ contains rules and decrees which reiterated the criteria, functions and...
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| Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2013
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| _version_ | 1826046231749591040 |
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| author | , SANSALONI BUTAR BUTAR , Prof. Dr. Suwardjono, M.Sc. |
| author_facet | , SANSALONI BUTAR BUTAR , Prof. Dr. Suwardjono, M.Sc. |
| author_sort | , SANSALONI BUTAR BUTAR |
| collection | UGM |
| description | This study examines the motives of earnings management following series of
regulation released by the Capital Market Supervisory Agency and Jakarta Stock
Exchange in 2004 (hereafter, SK Bapepam-LK and BEJ). SK Bapepam-LK and BEJ
contains rules and decrees which reiterated the criteria, functions and authority of the
audit committee and board of commissioners to enhance public companies adherence to
good corporate governance. This study argues that the increased board independence
after the issuence of SK Bapepam-LK and BEJ has shifted earnings management motives
from opportunistic motive to signalling motive. The board of commissioners are expected
to play an effective role to prevent manajer from using accruals as a way to achieve
personal gain at the expense of stockholders. However, as a representative of
stockhloders, the board allow managers to engagage in earnings management if it is in
the best interest of stockholders. The board encourage managers to make use of accruals
items to convey corporate value. Therefore, it is predicted that after the release of SK
Bapepam-LK and BEJ, the negative effect of board of commissioners on abnormal
accruals are more pronounced and the predictive content of accruals with respect to
future earnings are expected to increase. Furthermore, since signalling purposes often use
accruals abnormal to inflate earnings, the predictive ability of positive abnormal accruals
with respect to future earnings is predicted to increase after the realese of SK Bapepam
and BEJ.
The results of the study can be summarized as follows: 1). The negative influence
the board of commissioners on earnings management is stronger after the isssuance of SK
Bapepeam-LK dan BEJ than before they were issued. 2). The predictive content of
abnormal accruals and positive abnormal accruals with respect to future earnings are
stronger for 2004-2010 than that for 2001-2003. 4). The addition of independent
members to become majority in the board does not alter the predictive content of
accruals. Taken as a whole, the results indicate that SK Bapepam-LK and BEJ has
successfuly increased the monitoring function of board commissioners, at least in the
context of earning managements. |
| first_indexed | 2024-03-13T22:49:57Z |
| format | Thesis |
| id | oai:generic.eprints.org:119516 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:49:57Z |
| publishDate | 2013 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:1195162016-03-04T08:43:03Z https://repository.ugm.ac.id/119516/ IMPLIKASI REGULASI PASAR MODAL TERHADAP MOTIF MANAJEMEN LABA: PENGUJIAN BERBASIS TEORI PENSIGNALAN , SANSALONI BUTAR BUTAR , Prof. Dr. Suwardjono, M.Sc. ETD This study examines the motives of earnings management following series of regulation released by the Capital Market Supervisory Agency and Jakarta Stock Exchange in 2004 (hereafter, SK Bapepam-LK and BEJ). SK Bapepam-LK and BEJ contains rules and decrees which reiterated the criteria, functions and authority of the audit committee and board of commissioners to enhance public companies adherence to good corporate governance. This study argues that the increased board independence after the issuence of SK Bapepam-LK and BEJ has shifted earnings management motives from opportunistic motive to signalling motive. The board of commissioners are expected to play an effective role to prevent manajer from using accruals as a way to achieve personal gain at the expense of stockholders. However, as a representative of stockhloders, the board allow managers to engagage in earnings management if it is in the best interest of stockholders. The board encourage managers to make use of accruals items to convey corporate value. Therefore, it is predicted that after the release of SK Bapepam-LK and BEJ, the negative effect of board of commissioners on abnormal accruals are more pronounced and the predictive content of accruals with respect to future earnings are expected to increase. Furthermore, since signalling purposes often use accruals abnormal to inflate earnings, the predictive ability of positive abnormal accruals with respect to future earnings is predicted to increase after the realese of SK Bapepam and BEJ. The results of the study can be summarized as follows: 1). The negative influence the board of commissioners on earnings management is stronger after the isssuance of SK Bapepeam-LK dan BEJ than before they were issued. 2). The predictive content of abnormal accruals and positive abnormal accruals with respect to future earnings are stronger for 2004-2010 than that for 2001-2003. 4). The addition of independent members to become majority in the board does not alter the predictive content of accruals. Taken as a whole, the results indicate that SK Bapepam-LK and BEJ has successfuly increased the monitoring function of board commissioners, at least in the context of earning managements. [Yogyakarta] : Universitas Gadjah Mada 2013 Thesis NonPeerReviewed , SANSALONI BUTAR BUTAR and , Prof. Dr. Suwardjono, M.Sc. (2013) IMPLIKASI REGULASI PASAR MODAL TERHADAP MOTIF MANAJEMEN LABA: PENGUJIAN BERBASIS TEORI PENSIGNALAN. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=59519 |
| spellingShingle | ETD , SANSALONI BUTAR BUTAR , Prof. Dr. Suwardjono, M.Sc. IMPLIKASI REGULASI PASAR MODAL TERHADAP MOTIF MANAJEMEN LABA: PENGUJIAN BERBASIS TEORI PENSIGNALAN |
| title | IMPLIKASI REGULASI PASAR MODAL TERHADAP MOTIF MANAJEMEN LABA: PENGUJIAN BERBASIS TEORI PENSIGNALAN |
| title_full | IMPLIKASI REGULASI PASAR MODAL TERHADAP MOTIF MANAJEMEN LABA: PENGUJIAN BERBASIS TEORI PENSIGNALAN |
| title_fullStr | IMPLIKASI REGULASI PASAR MODAL TERHADAP MOTIF MANAJEMEN LABA: PENGUJIAN BERBASIS TEORI PENSIGNALAN |
| title_full_unstemmed | IMPLIKASI REGULASI PASAR MODAL TERHADAP MOTIF MANAJEMEN LABA: PENGUJIAN BERBASIS TEORI PENSIGNALAN |
| title_short | IMPLIKASI REGULASI PASAR MODAL TERHADAP MOTIF MANAJEMEN LABA: PENGUJIAN BERBASIS TEORI PENSIGNALAN |
| title_sort | implikasi regulasi pasar modal terhadap motif manajemen laba pengujian berbasis teori pensignalan |
| topic | ETD |
| work_keys_str_mv | AT sansalonibutarbutar implikasiregulasipasarmodalterhadapmotifmanajemenlabapengujianberbasisteoripensignalan AT profdrsuwardjonomsc implikasiregulasipasarmodalterhadapmotifmanajemenlabapengujianberbasisteoripensignalan |