Kompensasi Bonus dan Manajemen Laba Riil: Peran Moderasi Komite Audit

Gustina Dwi Lestiani, Wahyu Widarjo

Abstract


Abstract

This study analyzes the effect of bonus compensation on real earnings management, as well as the effect of the audit committee on the relationship between bonus compensation and real earnings management in manufacturing companies in Indonesia. The sample of this research is manufacturing companies which listed on the Indonesia Stock Exchange in 2016 - 2018. The research sample was selected by purposive sampling method. Hypothesis testing is performed using panel data regression methods and Moderated Regression Analysis (MRA). The research results show that bonus compensation has a positive and significant effect on real earnings management, while the effectiveness of the audit committee does not weaken the effect of bonus compensation on real earnings management. The findings of this study provide an overview to company stakeholders that bonus compensation is one of the factors which motivating company management to practice earnings management, particularly earnings management related to the company's real activities. In addition, this study also provides an overview of the effectiveness of the implementation of corporate governance mechanisms in sample companies, particularly the ineffective supervisory function related to earnings management practices carried out by the audit committee.

Keywords: Bonus compensation; Real earnings management; Effectiveness of the audit committee.

Abstrak

Penelitian ini menganalisis pengaruh kompensasi bonus terhadap manajemen laba riil, serta pengaruh komite audit terhadap hubungan kompensasi bonus dan manajemen laba riil pada perusahaan manufaktur di Indonesia. Sampel penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia pada tahun 2016-2018. Sampel penelitian dipilih dengan metode purposive sampling. Pengujian hipotesis dilakukan dengan metode regresi data panel dan Moderated Regression Analysis (MRA). Hasil penelitian menunjukkan kompensasi bonus berpengaruh positif dan signifikan terhadap manajemen laba riil, sedangkan efektivitas komite audit tidak memperlemah pengaruh kompensasi bonus terhadap manajemen laba riil. Temuan penelitian ini memberikan gambaran kepada stakeholder perusahaan bahwa kompensasi bonus merupakan salah satu faktor yang motivasi manajemen perusahaan untuk melakukan praktik manajemen laba, khususnya manajemen laba yang berkaitan dengan aktivitas riil perusahaan. Selain itu, penelitian ini juga memberikan gambaran tentang efektivitas implementasi mekanisme corporate governance pada perusahaan sampel, khususnya belum efektifnya fungsi pengawasan terkait praktik manajemen laba yang dilakukan oleh komite audit.

Kata Kunci: Kompensasi bonus; Manajemen laba riil; Efektivitas komite audit


References


Abdullah, S. N., & Ismail, K. N. I. K. (2016). Women Directors, Family Ownership and Earnings Management in Malaysia. Asian Review of Accounting, 24(4), 525550.

Adut, D., Holder, A. D., & Robin, A. (2013). Predictive Versus Opportunistic Earnings Management, Excecutive Compensation, and Firm Performance. Journal of Accounting and Public Policy, 32(3), 126-146.

Agustia, D. (2013). Pengaruh Faktor Good Corporate Governance, Free Cash Flow, dan Leverage Terhadap Manajemen Laba. Jurnal Akuntansi Dan Keuangan, 15(1), 27-42.

Ahmar, N., Rokhmania, N., & Samekto, A. (2016). Model Manajemen Laba Akrual dan Riil Berbasis Implementasi International Financial Reporting Standards. Jurnal Akuntansi dan Investasi, 17(1), 79-92.

Almadi, M., & Lazic, P. (2016). CEO Incentive Compensation and Earnings Management. Management Decision, 54(10), 2447-2461.

Arieza, U. (2019). Menyoal Laba BUMN yang Mendadak Kinclong. Retrieved from https://www.cnnindonesia.com/ekonomi/20190531144248-92-400048/menyoal-laba-bumn-yang-mendadak-kinclong.

Badolato, P. G., Donelson, D. C., & Ege, M. (2014). Audit Committee Financial Expertise and Earnings Management: The Role of Status. Journal of Accounting and Economics, 58(2-3): 208-230.

Baxter, P., & Cotter, J. (2009). Audit Committees and Earnings Quality. Accounting & Finance, 49(2), 267-290.

Bdard, J., Chtourou, S. M., & Courteau, L. (2004). The Effect of Audit Committee Expertise, Independence, and Activity on Aggressive Earnings Management. Auditing: A Journal of Practice & Theory, 23(2): 13-35.

Chandra, A. (2011). Pengaruh Efektivitas Komite Audit terhadap Relevansi Nilai Laba Bersih dan Arus Kas dari Kegiatan Operasi. Tesis. Jakarta: Universitas Indonesia.

Eisenhardt, K. M. (1989). Agency Theory: An Assessment and Review. Academy of Management Review, 14(1), 5774.

Ferentinou, A. C., & Anagnostopoulou, S. C. (2016). Accrual-based and Real Earnings Management Before and After IFRS Adoption. Journal of Applied Accounting Research, 17(1), 2-23.

Firmansyah, A., & Irawan, F. (2018). Adopsi IFRS, Manajemen Laba Akrual dan Manajemen Laba Riil. Assets: Jurnal Akuntansi dan Pendidikan, 7(2), 81-94.

Hasty, A. D., & Herawaty, V. (2017). Pengaruh Struktur Kepemilikan, Leverage, Profitabilitas dan Kebijakan Dividen Terhadap Manajemen Laba dengan Kualitas Audit Sebagai Variabel Moderasi. Media Riset Akuntansi, Auditing & Informasi, 17(1), 1-16.

Healy, P. M., & Wahlen, J. M. (1999). A Review of The Earnings Management Literature and Its Implications for Standard Setting. Accounting Horizons, 13(4), 365383.

Hermawan, A. (2011). The Influence of Effective Board of Commisioners and Audit Committee on The Informativeness of Earnings: Evidence from Indonesian Listed Firms, Asia Pacific Journal of Accounting and Finance, 2(1), 1-38.

Inaam, Z., & Khamoussi, H. (2016). Audit Committee Effectiveness, Audit Quality and Earnings Management: A Meta-Analysis. International Journal of Law and Management, 58(2), 179-196.

Jensen, M. C., & Meckling, W. H. (1976). Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305-360.

Jiwandono, L. Y., & Rahmawati, R. (2015). Total Kompensasi Eksekutif dan Manajemen Laba Riil (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI tahun 2010-2013). Jurnal Akuntansi Dan Bisnis, 15(1), 23-31.

Kalbuana, N., Purwanti, T., & Mayzaroh, A. S. (2019). Pengaruh Motivasi Bonus, Motivasi Kontrak Hutang, Motivasi Politik dan Kualitas Audit Terhadap Manajemen Laba (Studi Empiris pada Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia). Jurnal Ilmiah Edunomika, 3(2), 277-286.




DOI: http://dx.doi.org/10.33603/jka.v5i2.3978

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.


Lt. 2 Gedung Universitas Swadaya Gunung Jati Jalan Pemuda No.32, Sunyaragi, Kesambi, Kota Cirebon, Jawa Barat 45132