Analisis Pengaruh CSR terhadap Manajemen Laba dengan Tata Kelola Perusahaan sebagai Variabel Moderasi
Abstract
The purpose of this research is to examine the social responsibility of earnings management with corporate governance as a moderating variable. Earnings management is measured by using discretionary accrual to check how much earnings management the company has done. Corporate social responsibility uses the GRI G4 index, while corporate governance uses several governance characteristics, namely board size, independent directors, ownership concentration, and institutional ownership to measure their role in regulating the relationship between social responsibility and earnings management. The research sample used 32 non-financial companies listed on the Indonesian Stock Exchange from 2016 to 2020. The research results show that corporate social responsibility has no significant positive impact on earnings management. The board size, institutional ownership, and block holder ownership have no significant impact on the relationship between social responsibility and earnings management. Independent directors as a mediator have a significant positive impact on the relationship between social responsibility and earnings management.
Keywords:
Earning Management (EM), Corporate Social Responsibility (CSR), Corporate Governance (CG)
References
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Sha, T. L. (2017). Pengaruh ukuran perusahaan, ukuran dewan komisaris, profitabilitas dan Leverage terhadap pengungkapan Tanggung Jawab Sosial pada Perusahaan Manufaktur yang Terdaftar di BEI. Jurnal Akuntansi, XVIII(01), 86–98.
Sial, M. S., Chunmei, Z., & Khuong, N. V. (2019). Do female and independent directors explain the two-way relationship between corporate social responsibility and earnings management of Chinese listed firms? International Journal of Accounting and Information Management, 27(3), 442–460. https://doi.org/10.1108/IJAIM-03-2018-0027
Supriatna, A., & Ermond, B. (2019). Peran Direktur Independen Mewujudkan Good Corporate Governance. Jurnal Yuridis, 6(1), 67–93.
Zaid, M. A. A., Abuhijleh, S. T. F., & Pucheta-Martínez, M. C. (2020). Ownership structure, stakeholder engagement, and corporate social responsibility policies: The moderating effect of board independence. Corporate Social Responsibility and Environmental Management, 27(3), 1344–1360. https://doi.org/10.1002/csr.1888
Amalia, B. Y., & Didik, M. (2017). Pengaruh Konsentrasi Kepemilikan, Kepemilikan Institusional, Proporsi Dewan Komisaris Indenepden, dan Frekuensi Rapat Komite Audit terhadap Praktik Manajemen Laba. 6, 1–14.
Anwar, H., & Buvanendra, S. (2016). Earnings Management and Ownership Structure: Evidence from Sri Lanka. Colombo Business Journal. https://doi.org/10.4038/cbj.v10i1.42
Ardiani, N. L. N., & Sudana, I. P. (2018). Pengaruh Corporate Social Responsibility Pada Manajemen Laba. E-Jurnal Akuntansi, 24, 2333. https://doi.org/10.24843/eja.2018.v24.i03.p26
Buertey, S., Sun, E., Lee, J. S., & Hwang, J. (2019). Corporate social responsibility and earnings management: The moderating effect of corporate governance mechanisms. Corporate Social Responsibility and Environmental Management, 27.
Choi, B. B., Lee, D., & Park, Y. (2013). Corporate social responsibility, corporate governance and earnings quality: Evidence from Korea. Corporate Governance: An International Review, 21(5), 447–467. https://doi.org/10.1111/corg.12033
Dwiarti, R., & Hasibuan, A. N. (2018). Pengaruh Profitabilitas, Risiko Keuangan dan Pertumbuhan Perusahaan terhadap Manajemen Laba pada Perusahaan Kosmetik dan Keperluan Rumah Tangga. Jurnal Manajemen Dan Keuangan, 8(1), 21–33. https://ejurnalunsam.id/index.php/jmk/article/view/1129
Febria, D. (2020). Pengaruh Leverage, Profitabilitas Dan Kepemilikan Manajerial Terhadap Manajemen Laba. SEIKO : Journal of Management & Business, 3(2), 65. https://doi.org/10.37531/sejaman.v3i2.568
Hastuti, C. S. F. (2019). Pengaruh Arus Kas Bebas, Arus Kas Operasi, Kepemilikan Manajerial, Leverage Keuangan Dan Ukuran Perusahaan Terhadap Manajemen Laba Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal AKBIS Media Riset Akuntansi Dan Bisnis, 3(1), 11–26.
Honarvar, M. H., & Nakashima, M. (2014). A new measure for upright stability. Journal of Biomechanics, 47(2), 560–567. https://doi.org/10.1016/j.jbiomech.2013.09.028
Hopkins, M. (2014). (PDF) What is CSR all about? 1(September 2014), 4,037. https://www.researchgate.net/publication/272832575_What_is_CSR_all_about
Jordaan, L. A., Klerk, M. de, & Villiers, C. J. de. (2018). Corporate social responsibility and earnings management of South African companies. South African Journal of Economic and Management Sciences, 21(1). https://doi.org/10.4102/sajems.v21i1.1849
Kao, M.-F., Hodgkinson, L., & Jaafar, A. (2019). Ownership structure, board of directors and firm performance: evidence from Taiwan. Corporate Governance (Bingley), 19(1), 189–216. https://doi.org/10.1108/CG-04-2018-0144
Kumala, R., & Siregar, S. V. (2020). Corporate social responsibility, family ownership and earnings management: the case of Indonesia. Social Responsibility Journal. https://doi.org/10.1108/SRJ-09-2016-0156
Kusmayadi, D., & Badruzaman, J. (2018). Good corporate governance -. Wahana Islamika: Jurnal Studi Keislaman, 4(1), 127–149.
Latif dan Sajjad. (2020). CSR and EM. Csr and EM. https://doi.org/10.1002/csr.1803
Latif, K. F., & Sajjad, A. (2018). Measuring corporate social responsibility: A critical review of survey instruments. Corporate Social Responsibility and Environmental Management, 25(6), 1174–1197. https://doi.org/10.1002/csr.1630
López-González, E., Martínez-Ferrero, J., & García-Meca, E. (2019). Does corporate social responsibility affect earnings management? Evidence from family firms. REVISTA DE CONTABILIDAD SPANISH ACCOUNTING REVIEW 22 (2).
Medyawati, H., & Dayanti, A. (2016). Pengaruh Ukuran Perusahaan Terhadap Manajemen Laba: Analisis Data Panel. Jurnal Ilmiah Ekonomi Bisnis, 21(3), 96409. https://doi.org/10.35760/eb.
Nariastiti, N. W., & Ratnadi, N. M. D. (2014). Pengaruh Asimetri Informasi, Corporate Governance Dan Ukuran Perusahaan Pada Manajemen Laba. E-Jurnal Akuntansi, 9(3), 717–727.
Nindita, A. (2012). Kasus Enron dan KAP Arthur Enderson. Man Jadda Wa Jada, 5–7. http://hidupberawaldari.blogspot.com/2014/05/kasus-enron-dan-kap-arthur-enderson.html
Ntim, C. G., & Soobaroyen, T. (2013). Corporate governance and performance in socially responsible corporations: New empirical insights from a neo-institutional framework. Corporate Governance: An International Review, 21(5), 468–494. https://doi.org/10.1111/corg.12026
Pekovic, S., & Vogt, S. (2020). The fit between corporate social responsibility and corporate governance: the impact on a firm’s financial performance. In Review of Managerial Science (Issue 0123456789). Springer Berlin Heidelberg. https://doi.org/10.1007/s11846-020-00389-x
Putriana, M., Artati, S., & Utami, V. J. (2018). Pengaruh Corporate Social Responsibility Terhadap Manajemen Laba Dengan Leverage Dan Growth Sebagai Variabel Control Pada Industri Farmasi Yang Terdaftar Di Bursa Efek Indonesia. J-MAS (Jurnal Manajemen Dan Sains), 3(2), 226. https://doi.org/10.33087/jmas.v3i2.60
Sembiring, C. L. (2017). Manajemen Laba dan Pengungkapan Tanggung Jawab Sosial Perusahaan dengan Komisaris Independen dan Kepemilikan Institusional sebagai Variabel Pemoderasi. Berkala Akuntansi Dan Keuangan Indonesia, 2(1), 20–41. https://doi.org/10.20473/baki.v2i1.3544
Setiawan, D., Prabowo, R., Arnita, V., & Wibawa, A. (2019). Does corporate social responsibility affect earnings management? Evidence from the Indonesian banking industry. Business: Theory and Practice, 20(2010), 372–378. https://doi.org/10.3846/btp.2019.35
Sha, T. L. (2017). Pengaruh ukuran perusahaan, ukuran dewan komisaris, profitabilitas dan Leverage terhadap pengungkapan Tanggung Jawab Sosial pada Perusahaan Manufaktur yang Terdaftar di BEI. Jurnal Akuntansi, XVIII(01), 86–98.
Sial, M. S., Chunmei, Z., & Khuong, N. V. (2019). Do female and independent directors explain the two-way relationship between corporate social responsibility and earnings management of Chinese listed firms? International Journal of Accounting and Information Management, 27(3), 442–460. https://doi.org/10.1108/IJAIM-03-2018-0027
Supriatna, A., & Ermond, B. (2019). Peran Direktur Independen Mewujudkan Good Corporate Governance. Jurnal Yuridis, 6(1), 67–93.
Zaid, M. A. A., Abuhijleh, S. T. F., & Pucheta-Martínez, M. C. (2020). Ownership structure, stakeholder engagement, and corporate social responsibility policies: The moderating effect of board independence. Corporate Social Responsibility and Environmental Management, 27(3), 1344–1360. https://doi.org/10.1002/csr.1888
Published
2022-01-01
How to Cite
Juliani, M., & Ventty, C. (2022). Analisis Pengaruh CSR terhadap Manajemen Laba dengan Tata Kelola Perusahaan sebagai Variabel Moderasi. Jesya, 5(1), 71-84. https://doi.org/https://doi.org/10.36778/jesya.v5i1.566
Section
Articles
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