STRUKTUR KEPEMILIKAN, UKURAN PERUSAHAAN DAN PRAKTEK CORPORATE GOVERNANCE TERHADAP MANAJEMEN LABA
Wahyu Agung Setyo Nugroho
Jurusan Akuntansi Fakultas Ekonomi Universitas Islam Indonesia
Jl. Ringroad Utara, Condong Catur, Sleman, Yogyakarta, 55283
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Many companies conducted earnings management in order to attract potential investors. The extent to which those companies undertook profit management was influenced by many factors, such as: ownership structure, company size and corporate governance practices. The objective of this study was to determine the effect of ownership structure, company size and corporate governance practices toward earnings management. Ownership structure was the proxy of management ownership, and firm size was the proxy of the log of total assets. In addition, corporate governance was measured by the composition of the board of commissioners and industry specialization of audit firm. The companies used in this study were 16 LQ 45 firms from the year 2008 to 2010. The method of analysis used in this study was multiple linear regressions. The results showed that the composition of commissioner board had a significant negative effect on earnings management while the other three variables, namely the ownership structure, firm size, and KAP industry specialization did not affect significantly toward earning management.
Key words: corporate governance, ownership structure, firm size and earnings management.