Email this article 
Hide
Show all
Good Corporate Governance, Pengungkapan Sustainability Report dan Manajemen Laba terhadap Nilai Perusahaan
Abstract
This study aims to examine and provide empirical evidence of the impact of good corporate governance and sustainability report disclosure on firm value with earning management as an intervening variable. The firm value measured by price to book value, good corporate governance measured by meeting frequency of audit committee and percentage of the independent commissioner on board, sustainability report disclosure measured by the number of items disclosed divided by the items regulated in the GRI, earning management measured by discretionary accruals. The sampling technique is purposive sampling. The number of samples used in this study is 42 companies listed on the Indonesia Stock Exchange in 2018-2019. The data are analyzed using path analysis. The results showed that the audit committee has a significant influence on earning management. Sustainability report disclosure and the independent commissioner have no significance to the earning management. Sustainability report disclosure and the independent commissioner have a significant influence on firm value. Audit committee and earning management have no significant influence on firm value. Earnings management does not mediate the relationship between audit committee, independent commissioners, and sustainability report disclosure on firm value.
DOI: https://doi.org/10.26905/afr.v3i2.5195
Keywords
Full Text:
PDFReferences
Agustia, D. (2013). Pengaruh Faktor Good Corporate Governance, Free Cash Flow, dan Leverage Terhadap Manajemen Laba. Jurnal Akuntansi dan Keuangan, 15(1), 27–42. https://doi.org/10.9744/jak.15.1.27-42
Albersmann, B. T., & Hohenfels, D. (2017). Audit Committees and Earnings Management - Evidence from the German Two-Tier Board System. Schmalenbach Bussines Review, 1-32.
Ananda, A. F. (2018). Stuktur Modal, Kinerja Perusahaan, dan
Altman Z-Score Pengaruhnya Terhadap Ekspektasi Investor. AFRE (Accounting and Financial Review), 1(1). https://doi.org/10.26905/afr.v1i1. 2285
Ardianto, Y. (2012). Pengaruh Corporate Social Disclosure terhadap Nilai Perusahaan dengan Manajemen Laba Sebagai Variabel Intervening. Akuntabilitas Vol 12 No.1, 104-114.
Ardimas, W., & Wardoyo. (2014). Pengaruh Kinerja Keuangan dan Corporate Social Responsibility Terhadap Nilai Perusahaan Pada Bank Go Public Yang Terdaftar dI BEI. BENEFIT Jurnal Manajemen dan Bisnis, 57-66.
Arief, A., & Ardiyanto, M. D. (2014). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Manajemen Laba. Diponegoro Journal Of Accounting, 1-9.
Darwis, H. (2012). Manajemen Laba Terhadap Nilai Perusahaan Dengan Corporate Governance Sebagai Pemoderasi. Jurnal Keuangan dan Perbankan, Vol.16, No.1, 45-55.
Deegan, C. (2002). The legitimizing effect of social and environmental disclosure – a theoretical foundation. Accounting, auditing & accountability journal, vol 15 no 3, 282-311.
Dwiyanti, K. T., & Astriena, M. (2018). Pengaruh Kepemilikan Keluarga Dan Karakteristik Komite Audit Terhadap Manajemen Laba. Jurnal Riset Akuntansi Dan Bisnis Airlangga, 3(2), 447–469. https://doi.org/10.31093/ jraba. v3i2.123
Fatchan, I. N., & Trisnawati, R. (2016). Pengaruh Good Corporate Governance Pada Hubungan Antara Sustainability Report Dan Nilai Perusahaan (Studi Empiris Perusahaan Go Public di Indonesia Periode 2014-2015). Riset Akuntansi dan Keuangan Indonesia 1(1), 25-34.
Firmansyah, D., Surasni, N. K., & Pancawati, S. (2020). Pengaruh CSR Terhadap Nilai Perusahaan Dengan Good Corporate Governance Dan Ukuran Perusahaan Sebagai Variabel Pemoderasi. E-JA e-Jurnal Akuntansi Vol. 30 No. 1, 163-178.
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Boston: Pitman.
Fristiani, N. L., Pangastuti, D. A., & Harmono, H. (2020). Intellectual Capital Dan Kinerja Keuangan Terhadap Nilai Perusahaan: Pada Industri Perbankan. AFRE (Accounting and Financial Review), 3(1), 35–42. https://doi.org/ 10.26905/afr.v3i1.4223
Ghosh, A., Marra, A., & Moon, D. (2010). Corporate Boards, Audit Committees,and Earnings Management: Pre- and Post-SOX Evidence. Journal of Business Finance & Accounting, 1145–1176.
Governance, K. N. (2006). Pedoman Umum Good Corporate Governance.
Guna, W. I., & Herawaty, A. (2010). Pengaruh Mekanisme Good Corporate Governance, Independensi Auditor, Kualitas Audit dan Faktor lainnya Terhadap Manajemen Laba. Jurnal Bisnis dan Akuntansi, Vol. 12, No. 1, 53-68.
Gunawan, Y., & Mayangsari, S. (2015). Pengaruh Sustainability Reporting Terhadap Nilai Perusahaan Dengan Investment Opportunity Set Sebagai Variabel Moderating. e-Journal Akuntansi Trisakti Volume. 2 Nomor. 1, 1-12.
Haryanto, S. (2014). Identifikasi Ekspektasi Investor Melalui Kebijakan Struktur Modal, Profitabilitas, Ukuran Perusahaan Dan Gcpi. Jurnal Dinamika Manajemen, 5(2), 183–199. https://doi.org/ 10.15294/jdm.v5i2.3660
Haryanto, S., Rahadian, N., Mbapa, M. F. I., Rahayu, E. N., & Febriyanti, K. V. (2018). Kebijakan Hutang, Ukuran Perusahaan dan Kinerja Keuangan Terhadap Nilai Perusahaan: Industri Perbankan di Indonesia. AFRE (Accounting and Financial Review), 1(2). https://doi.org/10.26905/ afr.v1i2.2279
Hasan, I., Kobeissi, N., Liu, L., & Wang, H. (2018). Corporate Social Responsibility and Firm Financial Performance: The Mediating Role of Productivity. Journal of Business Ethics, 149(3), 671–688. https://doi.org/10.1007/s10551-016-3066-1
Hidayanti, E., & Paramita, R. W. (2014). Pengaruh Good Corporate Governance Terhadap Praktek Manajemen Laba Riil Pada Perusahaan Manufaktur. Jurnal WIGA, 1-16.
Ilmi, M., Kustono, A. S., & Sayekti, Y. (2017). Effect Of Good Corporate Governance, Corporate Social Responsibility Disclosure And Managerial Ownership To The Corporate Value With Financialperformance As Intervening Variables: Case On Indonesia Stock Exchange. International Journal of Social Science and Business. Vol.1 (2), 75-88.
Indriani, P., Darmawan, J., & Nurhawa, S. (2014). Analisis Manajemen Laba Terhadap Nilai Perusahaan Yang Terdaftar di Bursa Efek Indonesia. Jurnal Akuntansi & Keuangan, 19-32.
Jao, R., & Pagalung, G. (2011). Corporate Governance, Ukuran Perusahaan, Dan Leverage Terhadap Manajemen Laba Perusahaan Manufaktur Indonesia. Jurnal Akuntansi & Auditing Volume 8/No. 1, 43-54.
Klein, A. (2006). Audit Committee, Board of Director Characteristics, and Earnings Management. Law & Economics Research Paper Series, October. http://www.sciencedirect.com/science/article/pii/S0165410102000599
Kumaat, L. C. (2013). Corporate Governance dan Struktur Kepemilikan Terhadap Manajemen Laba dan Kinerja Keuangan. Jurnal Keuangan Dan Perbankan, 17(1), 11–20.
Kurniawan, T., Sofyani, H., & Rahmawati, E. (2018). engungkapan Sustainability Report dan Nilai Perusahan: Studi Empiris di Indonesia dan Singapura. Jurnal Ilmiah Akuntansi, Volume XVI, No 1, 1-20.
Kurniawan, Y. (2018). Indonesia Most Trusted Company dan Nilai Perusahaan. AFRE (Accounting and Financial Review), 1(1), 1–8. https://doi.org/10.26905/afr.v1i1.2267
Latifah, S. W., & Luhur, M. B. (2017). Pengaruh Pengungkapan Sustainability Report Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Pemoderasi. Jurnal Akuntansi dan Bisnis Vol. 17, 13-18.
Lesmana, P. A., & Sukartha, I. M. (2017). Pengaruh Manajemen Laba pada Nilai Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2012-2015. E-Jurnal Akuntansi Universitas Udayana, 1060-1087.
Lestari, N., & Ningrum, S. A. (2018). Pengaruh Manajemen Laba dan Tax Avoidance terhadap Nilai Perusahaan dengan Kualitas Audit sebagai Variabel Moderasi. Journal of Applied Accounting and Taxation, 99-109.
Lin, J. W., Li, J. F., & Yang, J. S. (2006). The effect of audit committee performance on earnings quality. Managerial Auditing Journal, 21(9), 921–933. https://doi.org/ 10.1108/02686900610705019
Lofgren, K. G., Persson, T., & Weibull , J. W. (2002). Markets With Asymmetric Information: The Contribution of George Akerlof, Michael Spence, and Joseph Stiglitz. Scand. J. Of Economics 104(2), 195-211.
Mukhtaruddin, Relasari, & Felmania, M. (2014). Good Corporate Governance Mechanism, Corporate Social Responsibility Disclosure on Firm Value: Empirical Study on Listed Company in Indonesia Stock Exchange. International Journal of Finance & Accounting Studies, 1-10.
Murwaningsari, E. (2007). Pengaruh Corporate Governance Terhadap Nilai Perusahaan Dengan Manajemen Laba Sebagai Variabel Intervening. The 1st Accounting Conference (hal. 1-47). Depok: Faculty of Economics Universitas Indonesia.
Nazir, M. S., & Afza, T. (2018). Does managerial behavior of managing earnings mitigate the relationship between corporate governance and firm value? Evidence from an emerging market. Future Business Journal, 4(1), 139–156. https://doi.org/10.1016/j.fbj.2018.03.001
Nekhili, M., Nagati, H., Chtioui, T., & Rebolledo, C. (2017). Corporate social responsibility disclosure and market value: Family versus nonfamily firms. Journal of Business Research, 77(March). https://doi.org/10.1016/j.jbusres. 2017.04.001
Oktaviani, R. N., Nur, E., & Ratnawati, V. (2015). Pengaruh Good Corporate Governanceterhadap Kualitas Laba Dengan Manajemen Laba Sebagai Variabel Intervening (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2009-2012). Jurnal Ekonomi, Manajemen dan Akutansi I Vol. 25 No. 2, 97-115.
Rahmawati, H. I. (2013). Pengaruh Good Corporate Governance (GCG) Terhadap Manajemen Laba Pada Perusahaan Perbankan. Accounting Analysis Journal, 2(1). https://doi.org/10.15294/ aaj.v2i1.1136
Renders, A., & Gaeremynck, A. (2012). Corporate governance, principal-principal agency conflicts, and firm value in european listed companies. Corporate Governance: An International Review, 20(2), 125–143. https://doi.org/10.1111/j.1467-8683.2011.00900.x
Prasetya, P. J., & Gayatri. (2016). Pengaruh Ukuran Perusahaan Terhadap Manajemen Laba Dengan Pengungkapan Corporate Social Responsibility Sebagai Variabel Intervening. E-Jurnal Akuntansi Universitas Udayana, 511-538.
Prastuti, N. K., & Budiasih, I. G. (2015). Pengaruh Good Corporate Governance Pada Nilai Perusahaan Dengan Moderasi Corporate Social Responsibility. E-Jurnal Akuntansi Universitas Udayana, 114-129.
Purbopangestu, H. W., & Subowo. (2014). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility Sebagai Variabel Intervening. Accounting Analysis Journal, 321-333.
Ramashar, W., & Hasan, A. (2018). Pengaruh Kepemilikan Institusional dan Profitabilitas Terhadap Nilai Perusahaan Dengan Manajemen Laba Sebagai Variabel Intervening. Jurnal Akuntansi dan Ekonomika, 31-40.
Renders, A., & Gaeremynck, A. (2012). Corporate governance, principal-principal agency conflicts, and firm value in european listed companies. Corporate Governance: An International Review, 20(2), 125–143. https://doi.org/10.1111/j.1467-8683.2011.00900.x
Sabatini, K., & Sudana, I. P. (2019). Pengaruh Pengungkapan Corporate Social Responsibility pada Nilai Perusahaan dengan Manajemen Laba sebagai Variabel Moderasi. Jurnal Ilmiah Akuntansi dan 56 Bisnis, Vol. 14, No. 1, 56-69.
Sari, H. N., Astuti, T. P., & Suseno, A. E. (2017). Pengaruh Manajemen Laba Dan Kebijakan Dividen Terhadap Nilai Perusahaan. Jurnal Akuntansi Kontemporer (JAKO) – vol 10 no 1, 46-55.
Sari, N. K., & Widaninggar, N. (2020). Loan Loss Provision, Good Corporate Governance Dan Manajemen Laba Bank di Indonesia dan Malaysia. AFRE (Accounting and Financial Review), 3(1), 59–66. https://doi.org/10.26905/afr.v3i1.4555
Sari, P. M. (2016). Pengaruh Mekanisme Tata Kelola Perusahaan Terhadap Manajemen Laba Dengan Kesulitan Keuangan Sebagai Variabel Mediasi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI). Surabaya: Tesis Universitas Airlangga.
Schiper, K. (1989). Commentary Katherine on Earnings Management. Accounting Horison.
Shocker, A. D., & Sethi, S. P. (1973). An approach to incorporating societal preferences in developing corporate action strategies. SUMMER I 1973 I VOL. XV I NO.4, 97-105.
Suryono, H., & Prastiwi, A. (2011). Pengaruh Karakteristik Perusahaan dan Corporate Governance terhadap Praktik Pengungkapan Sustainability Report. Jurnal Simposium Nasional Akuntansi XIV Banda Aceh, 1-32.
Susanto, S., & Christiawan, Y. J. (2016). Pengaruh Earnings Management Terhadap Firm Value. Business Accounting Review Vol. 4, No. 1, 205-216.
Suyanti, A. N., Rahmawati, & Aryani, Y. A. (2010). Pengaruh Mekanisme Corporate Governance Terhadap Nilai Perusahaan Dengan Kualitas Laba Sebagai Variabel Intervening Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Periode 2004-2007. Jurnal Ekonomi & Bisnis, 173-183.
Theresia, M., & Budi, A. B. (2020). Tata Kelola Perusahaan dan Pengakuan Pendapatan Prematur. AFRE Accounting and Financial Review, 3(1), 25–34.
Wardoyo, & Veronica. (2013). Pengaruh Good Corporate Governance, Corporate Social Responsibility & Kinerja Keuangan Terhadap Nilai Perusahaan. Jurnal Dinamika Manajemen, 132-149.
Widyasari, N. A., Suhadak, & Husaini, A. (2015). Pengaruh Good Corporate Governance (GCG) dan Pengungkapan Corporate Social Responsibility (CSR) Terhadap Nilai Perusahaan. Jurnal Administrasi Bisnis (JAB)|Vol. 26 No. 1, 1-11.
Wulanda, M., & Aziza, N. (2019). Pengaruh Corporate governance Terhadap Nilai Perusahaan Dan Manajemen Laba Sebagai Variabel Intervening Pada Perusahaan Manufaktur Go Public Di Indonesia. Jurnal Akuntansi Syariah, 83-108
DOI: https://doi.org/10.26905/afr.v3i2.5195
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
AFRE (Accounting and Financial Review) Postgraduate - University of Merdeka Malang Postgraduate Building, Terusan Dieng Street 62-64 | Other Link | Follow Us | |||||
| Site Home Journal Unmer Malang Postgraduate LPPM Library Repository |
|
AFRE (Accounting and Financial Review) |
