Ownership Structure Of The Capital Market Earning Management Model: A Meta-Analysis Study
DOI:
https://doi.org/10.38142/jtep.v3i1.543Keywords:
Ownership Structure, Earning Management, Meta-AnalysisAbstract
The purpose of this study is to identify and analyze (1) the ownership structure, which consists of institutional ownership, managerial ownership, and ownership concentration on earning management in the capital market; (2) the Jones Model and Modified Jones Model's moderation of the ownership structure of earnings management in the capital market. This study used a population of 40 research from various articles and as many as 26 articles that passed the selection of data used in research with various criteria. Data analysis techniques use meta-analysis to measure each variable in this study. The results show that institutional ownership does not affect earning management in the capital market. Managerial ownership and concentration of ownership significantly affect earning management in the capital market. Earning management models such as the Jones Model and Modified Jones Model do not moderate the ownership structure, namely institutional ownership, managerial ownership and ownership concentration on earning management in the capital market.
References
Abata, M. A., & Migiro, S. O. (2016). Corporate Governance and Management of Earnings: Empirical Evidence from Selected Nigerian-Listed Companies. Investment Management and Financial Innovations, 13(2), 189–205. https://doi.org/10.21511/imfi.13(2-1).2016.07
Abdurrahim, A. (1995). Mendeteksi Earnings Management. Jurnal Akuntansi dan Investasi, 1(2), 104–111.
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.
Alzoubi, E. S. S. (2016). International Journal of Accounting and Information Management for Authors Ownership Structure and Earnings Management: Evidence from Jordan. International Journal of Accounting and Information Management, 24(2), 1–20. http://dx.doi.org/10.1108/IJAIM-06-2015-0031
Amalia, B. Y., & Didik, M. (2017). Pengaruh Konsentrasi Kepemilikan, Kepemilikan Institusiona, Proporsi Dewan Komisaris Independen, dan Frekuensi Rapat Komite Audit Terhadap Praktik Manajemen Laba. Diponegoro Journal of Accounting, 6(3), 1–14.
Anderson, R. C., & Reeb, D. M. (2004). Board Composition: Balancing Family Influence in S dan P 500 Firms. Administrative Science Quarterly, 49(2), 209–237. http://www.jstor.org/stable/4131472
Asward, I., & Lina, L. (2015). The Effect of Corporate Governance Mechanisms on Earnings Management with the Conditional Revenue Model Approach. Jurnal Manajemen Teknologi, 14(1), 15–34. https://doi.org/10.12695/jmt.2015.14.1.2
Charfeddine, L., Riahi, R., dan Omri, A. (2013). The Determinants of Earnings Management in Developing Countries: A Study in the Tunisian Context. The IUP Journal of Corporate Governance, 12(1), 35–49. https://ssrn.com/abstract=2245980
Connelly, B. L., Certo, S. T., Ireland, R. D., & Reutzel, C. R. (2011). Signaling theory: A review and assessment. Journal of Management, 37(1), 39–67. https://doi.org/10.1177/0149206310388419
E Janrosl, V. S., & Lim, J. (2019). Analisis Pengaruh Good Corporate Governance terhadap Manajemen Laba pada Perusahaan Perbankan yang Terdaftar di BEI. Owner Riset dan Jurnal Akuntansi, 3(2), 226. https://doi.org/10.33395/owner.v3i2.144
Essid, W. (2012). Executive Stock Options and Earnings Management: Is there an Option Level Dependence? Corporate Governance, 12(1), 54–70. https://doi.org/10.1108/14720701211191337
Gabrielsen, G., Gramlich, J. D., & Plenborg, T. (2002). Managerial Ownership, Information Content of Earnings, and Discretionary Accruals in a Non-US Setting. Journal of Business Finance and Accounting, 29(7–8), 967–988. https://doi.org/10.1111/1468-5957.00457
Giovani, M. (2017). Pengaruh Struktur Kepemilikan, Tata Kelola Perusahaan, Dan Karakteristik Perusahaan Terhadap Manajemen Laba. Jurnal Akuntansi Bisnis, 15(2), 290–306. https://doi.org/10.24167/jab.v16i1.1367
Handoyo, S., & Agustianingrum, W. B. (2017). GCG Role and Audit Quality in Reducing Earnings Management Action in Indonesian Manufacturing Firms. Jurnal Keuangan dan Perbankan, 21(3), 436–445. https://doi.org/10.26905/jkdp.v21i3.673
Kamran, & Shah, A. (2014). The Impact of Corporate Governance and Ownership Structure on Earnings Management Practices: Evidence from Listed Companies in Pakistan. The Lahore Journal of Economics, 19(2), 27–70. https://doi.org/10.35536/lje.2014.v19.i2.a2
Kumaat, L. C. (2013). Corporate Governance dan Struktur Kepemilikan terhadap Manajemen Laba dan Kinerja Keuangan. Jurnal Keuangan dan Perbankan, 17(1), 11–20.
Kusumawardhani, I (2012). Pengaruh Corporate Governance, Struktur Kepemilikan, dan Ukuran Perusahaan terhadap Manajemen Laba. Jurnal Akuntansi dan Sistem Teknologi Informasi, 9(1), 41–54.
Larastomo, J., Perdana, H. D., Triatmoko, H., & Sudaryono, E. A. (2016). Pengaruh Tata Kelola Perusahaan dan Penghindaran Pajak Terhadap Manajemen Laba pada Perusahaan Manufaktur di Indonesia. Esensi: Jurnal Bisnis dan Manajemen, 6(1), 63–74. https://doi.org/10.15408/ess.v6i1.3121
Lestari, E., & Murtanto, M. (2017). Pengaruh Efektivitas Dewan Komisaris dan Komite Audit, Struktur Kepemilikan, dan Kualitas Audit terhadap Manajemen Laba. Media Riset Akuntansi, Auditing & Informasi, 17(2), 97. https://doi.org/10.25105/mraai.v17i2.2063
Lidiawati, N., & Fun, N. F. (2016). The Influence of Audit Quality, Audit Committee, and Company Size on Earnings Management. Journal of Accounting Science and Research, 5(1), 689–696.
Lin, J. W., & Hwang, M. I. (2010). Audit Quality, Corporate Governance, and Earnings Management: A Meta-Analysis. International Journal of Auditing, 14(1), 57–77. https://doi.org/10.1111/j.1099-1123.2009.00403.x
Lukviarman, N., & Johan, A. P. (2018). Meta-Analysis of Corporate Governance in Asia. Investment Management and Financial Innovations, 15(2), 267–280. https://doi.org/10.21511/imfi.15(2).2018.24
Meckling, M. C. J. & W. H. (1976). Racial Diversity and its Asymmetry Within and Across Hierarchical Levels: The Effects on Financial Performance. Journal Of Financial Economics 3, 305–360. https://doi.org/10.1177/0018726718812602
Nastiti, A. S. (2013). Tata Kelola Perusahaan dan Manajemen Laba pada Initial Public Offering. Simposium Nasional Akuntansi XVIII Medan.
Noviardhi, M. T., & Hadiprajitno, P. B. (2013). Analisis Pengaruh Tata Kelola Perusahaan Terhadap Manajemen Laba. Diponegoro Journal of Accounting, 2, 1–9.
Nuryaman, R. dan J. N. G. (2010). Pengaruh Struktur Kepemilikan Dan Kualitas Audit Terhadap Manajemen Laba. Jurnal Akuntansi, 14(2), 152–164.
Octavia, E. (2017). Implikasi Corporate Governance dan Ukuran Perusahaan pada Manajemen Laba. Jurnal Akuntansi Multiparadigma, 204, 126–136. https://doi.org/10.18202/jamal.2017.04.7044
Palma, I. (2020). Pengaruh Tata Kelola Perusahaan dan Struktur Kepemilikan terhadap Manajemen Laba yang Terdaftar di Bursa Efek Indonesia. Jurnal EMBA, 8(1), 616–626.
Perwitasari, D., Maret, U. S., & Sutami, J. I. (2013). Struktur Kepemilikan, Karakteristik Perusahaan, dan Manajemen Laba. Jurnal Akuntansi Multiparadigma (JAMAL) Vol. 5. Nomor 3. 345-510. https://doi.org/10.18202/jamal.2014.12.5032
Referli, A., Zainudin, I., Economics, F., & Boyolali, U. (2022). The Effect of Good Corporate Governance on Profit Management (Case Study in Manufacturing Companies in the Basic Industry Sector 2016 - 2020). Intellectiva, 3(6), 44–50.
Roodposhti, F. R., & Chashmi, S. A. N. (2011). The Impact of Corporate Governance Mechanisms on Earnings Management. African Journal of Business Management, 5(11), 4143–4151. https://doi.org/10.5897/AJBM10.471
Sáenz González, J., & García-Meca, E. (2014). Does Corporate Governance Influence Earnings Management in Latin American Markets? Journal of Business Ethics, 121(3), 419–440. https://doi.org/10.1007/s10551-013-1700-8
Sehrawat, N. K., Kumar, A., Lohia, N., Bansal, S., & Agarwal, T. (2019). Impact Of Corporate Governance on Earnings Management: Large Sample Evidence from India Keywords. Asian Economic and Financial Review, 9(12), 1335–1345. https://doi.org/10.18488/journal.aefr.2019.912.1335.1345
Sutarmin, A. (2017). Mekanisme Good Corporate Governance terhadap Praktik Manajemen Laba pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2014 – 2015. Jurnal Manajemen Motivasi, 13(2), 947–963. https://doi.org/10.29406/jmm.v13i2.726
Sutino, E. R. D., & Khoiruddin, M. (2016). Pengaruh Good Corporate Governance terhadap Manajemen Laba pada Perusahaan yang Masuk dalam JII (Jakarta Islamic Index) Tahun 2012-2013. Management Analysis Journal, 5(3), 156–166.
Suyono, E. (2017). Bebagai Model Pengukuran Earnings Management: 7(September), 303–324.
Taman, A., & Nugroho, B. A. (2011). Determinan Kualitas Implementasi Corporate Governance pada Perusahaan yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2004-2008. Jurnal Pendidikan Akuntansi Indonesia, 9(1). https://doi.org/10.21831/jpai.v9i1.955
Tifanny, D., & Wijaya, H. (2021). The Effect of Corporate Governance on Earnings Management. Journal of Contemporary Issues in Business and Government, 27(3), 72–85. https://doi.org/10.47750/cibg.2021.27.03.134
Waweru, N. M. & Riro, G. K. (2013). Corporate Governance, Firm Characteristics and Earnings Management in an Emerging Economy. JAMAR, 11(1), 43–64. https://doi.org/10.1111/j.1467-8683.2009.00753.x
Widhiastuti. (2002). Studi Meta-Analisis Tentang Hubungan. Jurnal Psikologi, 1(1), 28–42.
Wiyadi, Fauziah, N. I., & Trisnawati, R. (2018). Struktur Kepemilikan dan Model Manajemen Laba Short Term Discretionary Accrual Perusahaan Go Public di Indonesia. The 9th University Research Colloquium, November, 129–135.
Yendrawati, R. (2015). Pengaruh Dewan Komisaris Independen, Komite Audit, Kepemilikan Manajerial, dan Kepemilikan Institusional terhadap Manajemen Laba. Jurnal Entrepreneur dan Entrepreneurship, 4(1–2), 33–40.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Surayya SURAYYA, Djayani NURDIN, Muhamad Yunus KASIM, Muslimin MUSLIMIN, Juliana KADANG
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Creative Commons Attribution-NonCommercial 4.0 International License.
