_.gif)
_.gif)
The Effect of Managerial Ownership, Company Growth, Profitability, and Investment Opportunity Set (IOS) On Accounting Conservatism
Abstract
This study aims to prove and also analyze empirically the Effect of Managerial Ownership, Company Growth, Profitability, and Investment Opportunity Set (IOS) on Accounting Conservatism (Empirical Study on Manufacturing Companies on the Indonesia Stock Exchange for the Period 2017 – 2019). This research is based on secondary data obtained from the company's annual reports and annual financial statements. There are 72 companies out of a total of 186 companies in this study, which in selecting the sample used purposive sampling technique. As for the data processing in this study, using the data regression analysis method and processed with Microsoft Excel and Eviews 12 software. The results of research that has been carried out using panel data regression tests on the Fixed Effect Model prove that the managerial ownership variable has no significant effect on accounting conservatism, the company growth variable has a significant negative effect on accounting conservatism, the profitability variable has a significant negative effect on accounting conservatism, and the investment opportunity set variable. (IOS) has no significant effect on Accounting Conservatism.
Keywords
Full Text:
PDFReferences
Ahmed, A. S., & Duellman, S. (2011). Accounting Conservatism and Board of Director Characteristics: an Empirical Analysis. Journal of Accounting and Economics, 43, 411–437. https://doi.org/10.2139/ssrn.887301
Alibhai, S., Bakker, E., Balasubramanian, & Bharadvha, K. (2018). Interpretation and Application of IFRS Standards. John Wiley & Sons, Inc.
Andreas, H. H., Ardeni, A., & Nugroho, P. I. (2017). Konservatisme Akuntansi di Indonesia. Jurnal Ekonomi Dan Bisnis, 20(1), 1. https://doi.org/10.24914/jeb.v20i1.457
Angela, O., & Salim, S. (2020). Faktor Yang Mempengaruhi Konservatisme Akuntansi Pada Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal Multiparadigma Akuntansi Tarumanagara, 2(2017), 1510–1519.
Arum, M., & Titik, F. (2019). Pengaruh Leverage, Profitabilitas, Kepemilikan Manajerial, Intensitas Modal Dan Ukuran Perusahaan Terhadap Konservatisme Akuntansi. E-Proceeding of Management, 6(2), 3399–3410.
Aziz. (2019). Marak Salah Saji Laporan Keuangan, Industri Pasar Modal Bisa Runtuh. Www.Pasardana.Id. https://pasardana.id/news/2019/8/9/marak-salah-saji-laporan-keuangan-industri-pasar-modal-bisa-runtuh/
Basu, S. (1997). The Conservatism Principle and The Asymmetric Timeliness of Earnings. Journal of Accounting and Economics, 24, 3–37.
Basuki, A. T. (2015). Regresi dalam Penelitian, Ekonomi dan Bisnis (Pertama). Danisa Media.
Beaver, W. H., & Ryan, S. G. (2005). Conditional and Unconditional Conservatism : Concepts and Modeling. Review of Accounting Studies, 10(2), 269–309. https://doi.org/10.1007/s11142-005-1532-6
Brhem, J., & Gates, S. (2022). Working, Shirking, and Sabotage. Public Administration Review, 60(3), 281–285. http://www.jstor.org/stable/977470
Daryatno, A. B., & Santioso, L. (2020). Faktor-Faktor Yang Mempengaruhi Penerapan. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 4(1), 126–136.
FASB. (1980). Statement of Financial Accounting Concepts No. 2 - Qualitative Characteristics of Accounting Information. In FASB Concepts Statements (Issue 2).
Feltham, G. A., & Ohlson, J. A. (1995). Valuation and Clean Surplus Accounting for Operating and Financial Activities. Contemporary Accounting Research, 11, 689–731.
Gaver, J. J., & Gaver, K. M. (1993). Additional Evidence on The Association Between The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies. Journal of Accounting and Economics, 16(1), 125–160. https://doi.org/https://doi.org/10.1016/0165-4101(93)90007-3
Givoly, D., & Hayn, C. (2000). The Changing Time-Series Properties of Earnings, Cash Flows and Accruals: Has financial reporting more conservative? Journal of Accounting and Economics, 29, 287–320. www.elsevier.com/locate/econbase
Gozhali, I. (2011). Aplikasi Analisis Multivariate Dengan Program SPSS. Badan Penerbit Universitas Diponegoro.
Gujarati, D. N. (2003). Basic Econometrics (Fourth). McGraw-Hill Higher Education.
Hakiki, L. N., & Solikhah, B. (2019). Pengaruh Corporate Governance, Investment Opportunity Set, Ukuran Perusahaan, Dan Penerapan PSAK 55 Terhadap Konservatisme Akuntansi. Gorontalo Accounting Journal, 2(2), 85–97. https://doi.org/10.32662/gaj.v2i2.620
Halim, K. I. (2021). Pengaruh Arus Kas Operasi, Pertumbuhan Perusahaan, Leverage Dan Profitabilitas Terhadap Konservatisme Akuntansi. Jurnal Akuntansi Unihaz -JAZ, 4(1), 37–50.
Hariyanto, E. (2020). Analisis Faktor-Faktor yang Berpengaruh terhadap Konservatisme Akuntansi (Studi Empiris pada Perusahaan Real Estate and Property di Indonesia). Kompartemen: Jurnal Ilmiah Akuntansi, XVIII(1), 116–129. http://jurnalnasional.ump.ac.id/index.php/kompartemen/
Jensen, M., & Meckling, W. (1976). Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 305–360.
Jerico, M. I., & Utami, W. (2021). The effect of profitability , capital structure , and forward-looking information on investment risk. Journal of Life Economics, 8(2), 147–156. https://doi.org/10.15637/jlecon.8.2.01
Johnson, N. B., & Droege, S. (2004). Reflections on The Generalization of Agency Theory: Cross-Cultural Considerations. Human Resource Management Review, 14(3), 325–335. https://doi.org/10.1016/j.hrmr.2004.06.003
Kalbuana, N., & Yuningsih, S. (2020). Pengaruh Leverage, Profitabilitas Dan Ukuran Perusahaan Terhadap Konservatisme Akuntansi Pada Perusahaan Pertambangan Di Indonesia, Malaysia, Dan Singapura. Jurnal Wira Ekonomi Mikroskil : JWEM, 10(2), 57–68.
Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2015). Intermediate Accounting (Sixteenth). Wiley.
Krisantos, & Winarto, Y. (2019). Investor AISA: Kasus AISA adalah Skandal Dalam Pasar Modal Indonesia. Www.Investasi.Kontan.Co.Id. https://investasi.kontan.co.id/news/investor-aisa-kasus-aisa-adalah-skandal-dalam-pasar-modal-indonesia
LaFond, R., & Roychowdhury, S. (2006). Managerial Ownership and Accounting Conservatism. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.929693
LaFond, R., & Watts, R. L. (2007). The Information Role of Conservatism. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.921619
Majeed, M. A., Zhang, X. Z., & Wang, Z. (2017). Product market competition, regulatory changes, ownership structure and accounting conservatism: Evidence from China. Chinese Management Studies, 11(4), 658–688. https://doi.org/10.1108/CMS-12-2016-0248
Nugraha, F. A., & Setiany, E. (2020). Influence of Manager Ownership, Manager Quality and Conservatism on Earnings Quality: Evidence from Indonesian Banking Sector. Scholars Middle East Publisher, Dubai, UEA, 06(03), 76–82. https://doi.org/10.36348/sb.2020.v06i03.004
Nuraeni, C., & Tama, A. I. (2019). Effect Of Managerial Ownership, Debt Covenant, Political Cost And Growth Opportunities on Accounting Conservatism Levels. International Journal of Economics, Business and Accounting Research (IJEBAR), 3(03), 263–269. https://doi.org/10.29040/ijebar.v3i03.591
Oktavianti, Handayani, R., & Angela, A. (2021). Intensitas Modal, Pertumbuhan Perusahaan, Investment Opportunity Set Dan Konservatisme Akuntansi. Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi), 5(3), 2360–2367.
Permatasari, D., & Yulianto, A. R. (2020). The Implementation of Accounting Conservatism Principles. The Indonesian Journal of Accounting Research, 23(01), 66–86. https://doi.org/10.33312/ijar.455
Pramesti, I. fauziyah, & Erna, S. (2021). Pengaruh Corporate Social Responsibility, Bisnis Keluarga, Kepemilikan Manajerial, Dan Karakteristik Perusahaan Terhadap Nilai Perusahaan. Conference on Economic and Business Innovation, 35, 113–198.
Putra, I. G. B. N. P., Purnama, M., & Deny, G. (2019). Pengaruh Kepemilikan Institusional Dan Kepemilikan Manajerial Pada Konservatisme Akuntansi. Jurnal Ekonomi, Bisnis Dan Akuntansi, 18(1), 41–51. https://ejournal.warmadewa.ac.id/index.php/wacana_ekonomi
Qi, C., Hemmer, T., & Yun, Z. (2007). On The Relation Between Conservatism in Accounting Standards and Incentives For Earnings Management. Journal of Accounting Research, 45(3), 541–565. https://doi.org/10.1111/j.1475-679X.2007.00243.x
Rachim, R. R., & Setiany, E. (2021). The Analysis of Investment Opportunity Set , Bord Independence , Firm Characteristics on Firm Value. International Journal of Innovative Science and Research Technology, 6(3), 892–898.
Rahayu, S., Kusmuriyanto, Kiswanto, & Indra Gunawan, D. (2018). Factors Influencing the Application of Accounting Conservatism in the Company. International Conference on Economics, Business and Economic Education, 3(10), 180–197. https://doi.org/10.18502/kss.v3i10.3128
Risdiyani, F., & Kusmuriyanto. (2015). Analisis Faktor-Faktor Yang Mempengaruhi Penerapan Konservatisme Akuntansi. Accounting Analysis Journal, 4(3), 1–10. https://doi.org/10.15294/aaj.v4i3.8305
Rumapea, M., Feby, D. P., & Panjaitan, F. (2019). Konservatisme Akuntansi Pada Perusahaan Jasa Yang Terdaftar Di BEI. Jurnal Akuntansi Dan Keuangan Methodist, 3(1), 39–53.
Salehi, M., & Sehat, M. (2018). Debt Maturity Structure, Institutional Ownership and Accounting Conservatism. Asian Journal of Accounting Research, 4(1), 35–51. https://doi.org/10.1108/ajar-05-2018-0001
Sari, W. P. (2020). The Effect of Financial Distress and Growth Opportunities on Accounting Conservatism with Litigation Risk as Moderated Variables in Manufacturing Companies Listed on BEI. Budapest International Research and Critics Institute, 3(1), 588–597. https://doi.org/10.33258/birci.v3i1.812
Savitri, E. (2016). Konservatisme Akuntansi. Pustaka Sahila, Yogyakarta.
Scot, W. R. (2015). Financial Accounting Theory (Seventh Ed). Pearson.
Shah, M. et al. (2020). The Development Impact of PT. Medco E & P Malaka on Economic Aspects in East Aceh Regency. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). P. 276-286.
Sinambela, M. O. E., & Almilia, L. S. (2018). Faktor-faktor Yang Mempengaruhi Konservatisme Akuntansi. Jurnal Ekonomi Dan Bisnis, 21(2), 289–312. https://doi.org/10.24914/jeb.v21i2.1788
Solichah, N., & Fachrurrozie, F. (2019). Effect of Managerial Ownership , Leverage , Firm Size and Profitability on Accounting Conservatism. Accounting Analysis Journal, 8(3), 151–157. https://doi.org/10.15294/aaj.v8i3.27847
Spence, M. (1973). Job Market Signaling. Quarterly Journal of Economics, 87, 355–374.
Sugianto, D. (2019a). Lapkeu Garuda Menyesatkan, Mantan Bos BEI: Harusnya Disuspensi. Www.Finance.Detik.Com. https://finance.detik.com/bursa-dan-valas/d-4640602/lapkeu-garuda-menyesatkan-mantan-bos-bei-harusnya-disuspensi
Sugianto, D. (2019b). Terbukti Manipulasi Laporan Keuangan, Benny Tjokro Didenda Rp 5 M. Www.Finance.Detik.Com. https://finance.detik.com/bursa-dan-valas/d-4658394/terbukti-manipulasi-laporan-keuangan-benny-tjokro-didenda-rp-5-m
Syefa El-Haq, Z. N., Zulpahmi, & Sumardi. (2019). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Growth Opportunities, Dan Profitabilitas Terhadap Konservatisme Akuntansi. Jurnal ASET (Akuntansi Riset), 11(2), 315–328. https://doi.org/10.17509/jaset.v11i2.19940
Syifa, H. M., Kristanti, F. T., & Dillak, V. J. (2017). Financial Distress, Kepemilikan Institusional, Profitabilitas Terhadap Konservatisme Akuntansi. Jurnal Riset Akuntansi Kontemporer, 9(1), 1–6.
Tesar, M., & Lidiyawati. (2019). Conservatism Determinants: Evidence from Indonesia Manufacturing Sector. International Conference on Economics, Management, and Accounting, 2019, 258–271. https://doi.org/10.18502/kss.v3i26.5379
Ursula, A. E., & Adhvinna, V. V. (2018). Pengaruh Kepemilikan Manajerial, Ukuran Perusahaan, Leverage, Dan Growth Opportunities Terhadap Konservatisme Akuntansi. Jurnal Akuntansi, 6(2), 194–205. https://doi.org/10.24964/ja.v6i2.643
Utama, E. P., & Titik, F. (2018). Pengaruh Leverage, Ukuran Perusahaan, Kepemilikan Manajerial Dan Profitabilitas Terhadap Konservatisme Akuntansi. Journal E-Proceeding of Management, 5(1), 720–728.
Verawaty, Hifni, S., & Chairina. (2017). Pengaruh Kepemilikan Manajerial, Ukuran Perusahaan, Leverage dan Profitabilitas Terhadap Tingkat Konservatisme Akuntansi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2013-2015. Prosiding Seminar Nasional ASBIS, 498–514.
Wahyu, I., & Fitria, V. (2020). Pengaruh Financial Distress, Leverage, Dan Profitabilitas Terhadap Konservatisme Akuntansi. Jurnal Eksplorasi Akuntansi, 2(4), 3500–3516. http://jea.ppj.unp.ac.id/index.php/jea/issue/view/30
Watts, R. L. (2003). Conservatism in Accounting - Part II: Evidence and Research Opportunities. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.438662
Watts, R. L., & Zimmerman, J. L. (1986). Positive Accounting Theory: A Ten Year Perspective. The Accounting Review, 65(1), 131–156. http://www.jstor.org/stable/247880
Yanti, K. B., Wahyuni, M. A., & Julianto, I. P. (2017). Pengaruh Struktur Kepemilikan Manajerial, Tingkat Utang, dan Tingkat Kesulitan Keuangan Perusahaan Terhadap Konservatisme Akuntansi. E-Journal Universitas Pendidikan Ganesha, 8(2).
Yuliarti, D., & Yanto, H. (2017). The Effect of Leverage, Firm Size, Managerial Ownership, Size of Board Commissioners and Profitability to Accounting Conservatism. Accounting Analysis Journal, 6(2), 173–184. https://doi.org/10.15294/aaj.v6i2.16675
Yusrizal, Oktariani, & Hayati, R. (2021). The Effect Of Profitability, Company Size, Debt To Total Assets, And Level Of Financial Difficulty On Accounting Conservatism. Jurnal Akuntansi, Kewirausahaan Dan Bisnis, 6(2), 122–133.
DOI: https://doi.org/10.33258/birci.v5i3.6934
Article Metrics
Abstract view : 105 timesPDF - 66 times
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.