Pengaruh Konsentrasi Kepemilikan, Ukuran Perusahaan, Dan Mekanisme Corporate Governance Terhadap Manajemen Laba


The objectives of the research are to find out empirical evidence of the effect of ownership concentration, firms size, and corporate governance mechanisms on earnings management. The corporate governance mechanisms of this research are composition of board of commissioner and audit quality. Audit quality were measure by industry specialize audit firm. The target population was listed companies in the manufacturing sector at the Indonesia Stock Exchange. The sample determined based on purposive samping methode. There were 101 companies meeting the criteria. Data analysis was carried out in term cross section covering financial report during 2005. The research hyphotesis were tested using multiple regression analysis. The result of this research show that: (1) ownership concentration had significantly negative influence on earnings management (2) firms size had significantly negative influence on earnings management (3) composition of board of commissioner had no influence on earnings management. The additional result that earnings management of the firms which have competency independent commissioner are lower than earnings management of the firms which have uncompetency independent commissioner; (4) industry specialize audit firm had no influence on earnings management.

Keywords : ownerships concentration, firms size, corporate governance mechanisms, earnings management

1. Pendahuluan

Information profits as part of the financial statements, often a target of manipulation by opportunistic action management to maximize their satisfaction, but can be detrimental to shareholders or investors. Opportunistic actions are done by selecting particular accounting policies, so that profits can be adjusted, increased or decreased in accordance with her wishes. Behaviour management to manage earnings in accordance with her wishes are known by the term earnings management (earnings management).

U-Thai (2005) conducted an international comparative study on earnings management and investor protection with a sample of 33 countries, Indonesia included in the sample, the observation period from 1993 to 2003. The purpose of the research to provide empirical evidence of differences in earnings quality in various countries, the difference is due to differences in investor protection. U-Thai using earnings management as a proxy for earnings quality. Investor protection using three indicator scores are: protection of minority shareholders; law enforcement, and how important capital markets. Based on these results, Indonesia is in a group of countries with an average height of earnings management, and investor protection level in Indonesia is relatively low.


Jurnal Simposium Nasional Akuntasi XI (SNA 11)

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