Pengaruh CEO Duality, Earning Management dan Corporate Reputation terhadap Financial Performance pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

Meliana Phandeirot(1*),


(1) 
(*) Corresponding Author

Abstract


Tujuan-Tujuan penelitian ini adalah menjelaskan pengaruh CEO duality, earning management, dan

corporate reputation terhadap financial performance pada perusahaan yang terdaftar di Bursa Efek

Indonesia.

Design/methodology/approach –Desain penelitian adalah kausal, variabel penelitian meliputi: CEO duality, earning management, corporate reputation dan financial performance. Jumlah sampel penelitian sebanyak 50 perusahaan dengan laporan keuangan 5 tahun mulai tahun 2011-2015 sehingga jumlah data analisis sebanyak 250 data. Teknik analisis data menggunakan path analysis dengan program AMOS.

Temuan-Temuan penelitian menunjukkan bahwa CEO duality terbukti berpengaruh positif dan signifikan terhadap earning management, CEO duality berpengaruh negatif dan signifikan terhadap corporate reputation, CEO duality tebukti berpengaruh negatif dan signifikan terhadap financial performance, earning management berpengaruh negatif dan signifikan terhadap corporate reputation, earning management terbukti berpengaruh negatif dan secara signifikan terhadap financial performance, dan corporate reputation terbukti berpengaruh positif dan signifikan terhadap financial performance.

Keterbatasan penelitian-Dalam perhitungan manajemen laba dengan menggunakan rumus modified jones, diperlukan data laporan keuangan historis, dan semakin banyak data yang digunakan untuk membuat proyeksi discretionary accrual maka hasil dari manajemen laba semakin akurat. Namun dalam penelitian ini perhitungan manajemen laba perusahaan tahun 2011-2015 berdasarkan data laporan keuangan mulai tahun 2007 karena keterbatasan data yang disajikan oleh Blomberg.

Implikasi praktis- Tujuan penelitian ini memberikan masukan kepada investor untuk memahami hubungan dari CEO duality, earning management, dan corporate reputation terhadap financial performance sebagai bahan evaluasi untuk mempertimbangkan pemilihan saham perusahaan ketika akan melakukan investasi.

Originality/value – Penelitian ini mampu menjelaskan bahwa kinerja keuangan perusahaan didukung oleh berbagai faktor, baik faktor finansial maupun faktor non finansial. Faktor finansial diantaranya efisiensi dan efektifitas pembiayaan operasional sedangkan faktor non finansial seperti halnya: reputasi perusahaan, CEO duality, dan praktik earning management.

 

Kata Kunci:   CEO Duality, Earning Management, Corporate Reputation, Financial Performance.


Full Text:

PDF

References


Ajmal, M. (2015). Evaluation of financial performance of cement corporation of India (CCI) limited. Kuwait Chapter of Arabian Journal of Business and Management Review 4(7), 20 - 34

Akram, M.A., A.I. Hunjra, S. Butt, & I. Ijaz. (2015). Earnings management and organizational performance: Pakistan VS India. Basic Research Journal of Business Management and Accounts 4(9), 211-220

Anggraini, F. & Trisnawati, I. (2008). Pengaruh earning management terhadap konservatisma akuntansi. Jurnal bisnis dan akuntansi 10(1), 23-36

Chiarello,T.C., CS. Pletsch, A. Silva, & TP. Silva. (2014). Financial performance, itangibles assets and valu creation in brazilian and chilean information technology companies. Economic Review of Galicia 23(4), 73 – 88

Ching, CP., B.H. Teh, O.T. San, & H.Y. Hoe. (2015). The relationship among audit quality, earnings management, and financial performance of malaysian public listed companies. Int. Journal of Economics and Management 9 (1): 211 - 229

Chun, R. (2005). Corporate reputation: Meaning and measurement. International Journal of Management Reviews 7(2), 91– 109

Collier, P.M. (2003). Accounting for managers: Interpreting accounting information for decision-making. USA: John Wiley & Sons Inc

Dhevika, V.P.T., O.T.V. Latasri, & H. Gayathri. (2013). A study on financial performance analysis at city union bank. International Journal of Advanced Research in Management and Social Sciences 2(7), 53 - 67

Egwuonwu, R.C.I. (2011). Corporate Reputation & Firm Performance: Empirical Literature Evidence. International Journal of Business and Management 6(4), 197 – 206

Golden, TW., SL. Skalak, & MM. Clayton. (2006). A guide to forensic accounting investigation. Canada: John Wiley & Sons, Inc

Gravetter, F.J. dan L.A.B. Forzano. (2012). Research Methods for the Behavioral Sciences, 4th edition. United States: Cengage Learning

Hassan, SU. & A. Ahmed. (2012). Corporate Governance, Earnings Management and Financial Performance: A Case of Nigerian Manufacturing Firms. American International Journal of Contemporary Research 2(7), 214 – 226

Meiryani. (2015). Mechanism of good corporate governance, earnings management on financial performance in banks listed in Indonesia Stock Exchange using path analysis. Australian Journal of Basic and Applied Sciences 9(23), 573-584 Moscu, R.G. (2013). Does CEO Duality Really Affect Corporate Performance?. International Journal of Academic

Research in Economics and Management Sciences 2(1), 156 – 166

Nuryaman. (2013). The Influence of Earnings Management on Stock Return and the Role of Audit Quality as a Moderating Variable. International Journal of Trade, Economics and Finance 4(2), 73 – 78 Robbins, SP. & M. Coulter. (2012). Management. 11th ed. New Jersey: Pearson Education, Inc.

Roodposhti, F.R. & S.A.N. Chashmi. (2011). The impact of corporate governance mechanisms on earnings management. African Journal of Business Management Vol. 5(11), 4143-4151

Schwaiger, M. (2004). Components and parameters of corporate reputation - an empirical study. Schmalenbach Business Review 56, 46 – 71

Schwaiger, M. & Y. Zhang. (2009). What drives corporate reputation in consumers’ minds? a comparative study between china and western countries. ANZMAC (2009), 1-9

Serrat, O. (2010).Managing corporate reputation. Washington, DC: Asian Development Bank

Siam, Y.I.S.A., N.H.B. Laili, & K.F.B. Khairi. (2014). Boards of directors and earnings management among jordanian listed companies: Proposing conceptual framework. International Journal of Technical Research and Applications 2(3), 1– 7

Solomon, J. & A. Solomon. (2004). Corporate governance and accountability. USA: John Wiley & Sons Inc

Welch, I. (2009). Corporate finance: An introduction. USA: Pearson Education, Inc.

Wijaya, T. (2009), Analisis structural equation modeling menggunakan AMOS. Yogyakarta: Universitas Atma Jaya

Wijs, NVD. (2013). Finance: A quantitative Introduction. Cambridge: Cambridge University Press TOP Brand Award, 2016, http://www.topbrand-award.com/faq


Refbacks

  • There are currently no refbacks.