Analisis Hubungan Manajemen Laba dan Struktur Kepemilikan Terhadap Kinerja Perusahaan di BEI Tahun 2016-2019

Abstract

Firm performance includes the activities produced by company management and high firm performance can be said to allow them to plan their work according to their own goals and take risks with full responsibility. This study was conducted to determine the effect of earnings management, the size of the board of directors, and ownership structure (blockholders ownership, institutional ownership, family ownership, and managerial ownership) on the firm's performance. By using sample data listed on the Indonesia Stock Exchange (IDX) from 2016 to 2019. Because there are several previous studies that produce different values ?? on firm performance. Therefore, it is necessary to re-examine this. In this study using the firm's performance with Tobin's Q model to determine the value of asset management generated by the company. The data used is panel data with secondary data collection techniques to test outliers by SPSS software version 25, then test descriptive statistics, multicollinearity, heteroscedasticity, R Square, F test, and also t-test using Eviews software version 10. The results of this study conclude that both accrual-based and real earnings management have a significant positive effect on firm performance, while the size of the board of directors has a significant negative effect on performance. The ownership structure has no significant effect on the firm's performance. The result of insignificant results could be caused by not supporting the agency theory perspective, as well as the lack of company control.

The Influences of Director’s Remuneration, Earnings Management and Ownership Structure on Company Performance: Before and During the Covid-19 Pandemic

“…Hence, higher earnings management will increase company performance. Implementation of earnings management with discretionary accruals is expected to give effect to earnings (S. Dewi & Lisa, 2021;Li et al, 2020). This happens because management can choose policies in terms of accounting methods and estimates taking into account property, plant and equipment and changes earnings adjusted for changes in receivables that will affect earnings in the end of the period, with this high profit able to prosper the owners and increase performance company.…”

“…Earnings management relates to the income statement which can affect the company's performance, where it manages the profit to maximize the management utility and or increase the market value through the implementation of accounting procedures by the management (Bukit & Nasution, 2015;Li et al, 2020;Scott, 2011). Earnings management helps companies to sustain, plan future strategies and improve their performance (Ahmadpour & Shahsavari, 2016;S. Dewi & Lisa, 2021;Tulcanaza-Prieto & Lee, 2022).…”

Analisis Proposi Dewan Komisaris Independen, Ukuran Dewan Direksi, Komite Audit, Blockholder Ownership terhadap Kinerja Keuangan

“…sedikitnya kepemilikan saham terhadap pemegang saham mampu meredamkan perselisihan antara investor mayoritas dengan investor minoritas. Sementara Riset (S. Dewi & Lisa, 2021) ini mengungkapkan kepemilikan blockholder tidak berpengaruh signifikan terhadap kinerja perusahaan. Dari penelitian sebelumnya yang telah dijelaskan mendorong peneliti untuk membuat hipotesis sebagai berikut: H4 : Blockholders Ownership berpengaruh positif terhadap Kinerja Keuangan Perbankan.…”

“…Hasil riset ini menunjukkan bahwa blockholder ownership tidak berpengaruh terhadap kinerja keuangan perbankan. Hasil riset ini sama dengan (S. Dewi & Lisa, 2021) yaitu mengungkapkan kepemilikan blockholder tidak berpengaruh signifikan terhadap kinerja perusahaan. Untuk situasi ini, semakin rendah kepemilikan saham oleh blockholder, kinerja keuangan perbankan justru akan meningkat.…”