MANAJEMEN LABA TERHADAP NILAI PERUSAHAAN DENGAN CORPORATE GOVERNANCE SEBAGAI PEMODERASI
Jurusan Akuntansi Fakultas Ekonomi Universitas Khairun
Jl. Pertamina Gambesi Kampus II Ternate Selatan, 97728.
Korespondensi dengan Penulis:
Herman Darwis: Telp. +62 921 311 0903 Fax. +62 921 311 0901
E-mail: herman. firstname.lastname@example.org
The objective of study was to provide empirical evidence of the influence of earnings management on corporate value. Managerial ownership affected the relationship between earning management with corporate values, and institutional ownership affected the relations between earning management to the corporate value.The population of this study was manufacturing companies listed on the Indonesia Stock Exchange, the observation period from the year 2008-2010. The technique used was purposive sample with the analysis method used was a simple regression for hypothesis one, and moderate analyst regression for hypotheses two and three. The study found that earnings management had no effect on corporate value. Managerial ownership did not affect the relationship between earnings management to corporate value. Institutional ownership affected the relationship between earnings management to corporate value. Ownership of shares held by institutional parties could weaken the influence of earnings management on corporate value. It was because the institutional ownership could control the company more closely so that the possibility of management performed earnings management could be reduced.
Key words: earnings management, corporate governance, managerial ownership, institutional ownership, corporate value.