Leverage, Sales Growth and Profit Management: Does Corporate Governance Matter?
DOI:
https://doi.org/10.54408/jabter.v2i4.186Keywords:
Leverage, Sales Growth, Good Corporate Governance, Profit ManagementAbstract
This study aims to investigate (1) The Effect of Leverage on Profit management; and (2) The Effect of Sales Growth on Profit management. (3) The effect of leverage on profit management with good corporate governance as a moderating variable; (4) The influence of sales growth on profit management with good corporate governance as a moderating variable. This study focused on consumer goods businesses listed on the Indonesia Stock Exchange between 2016 and 2020. Purposive sampling is employed as the sampling method, with 26 companies serving as the research sample. The panel data regression model with the Common Effect Model (CEM) approach is used in this study for hypothesis testing, and the Moderated Regression Analysis (MRA) model is used for evaluating the moderating variable. The EViews application version 12 is used to analyze the data from both models. The findings indicate that leverage has a strong favorable impact on profit management. While Sales Growth has no discernible impact on Profit management. Meanwhile, while good corporate governance can moderate the impact of leverage on profit management, good corporate governance cannot moderate the impact of sales growth on profit management. This study includes corporate governance variable as this inclusion become originality from currepaper. The implication is of this study is firm’s debt structure and the quality of firm’s governance play essential contribution on how management create better performance.
Downloads
References
Anggarsari, L., & Seno Aji, T. (2018). Pengaruh Ukuran Perusahaan, Leverage, Likuiditas, Perputaran Modal Kerja Dan Pertumbuhan Penjualan Terhadap Profitabilitas (Sektor Industri Barang Dan Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2016). Jurnal Ilmu Manajemen (JIM), 6(4), 542–549.
Edison, A., & Nugroho, A. P. A. (2020). The Effect of Leverage And Sales Growth On Earning Management. Journal Of Archaeology Of Egypt/Egyptology, 17(4), 3442–3454.
Ermawati, L., & Anggraini, N. (2020). Pengaruh Komisaris Independen Dan Dewan Pengawas Syariah … Al-Mal : Jurnal Akuntansi dan Keuangan Islam Pengaruh Komisaris Independen Dan Dewan Pengawas Syariah Terhadap Manajemen Laba ( Studi Pada Bank Umum Syariah Di Indonesia ). Jurnal Akuntansi Dan Keuangan Islam, 01(01), 61–70.
Fahmie, A. (2018). Pengaruh Profitabilitas, Leverage, Struktur Kepemilikan, Pertumbuhan Penjualan dan Komisaris Independen terhadap Manajemen Laba (Studi Empiris Pada Perusahaan Industri Barang Konsumsi yang Terdaftar di BEI Tahun 2012-2014). Jurnal Ilmia. Jurnal Ilmiah Akuntansi Kesatuan, 6(2), 119–131.
Fatmala, K. D., & Riharjo, I. B. (2020). Pengaruh Free Cash Flow , Profitabilitas Dan Leverage Terhadap Manajemen Laba. Jurnal Ilmu Dan Riset Akuntansi, 5, 1–23.
Fionita, Y., & Fitra, H. (2021). Pengaruh Kepemilikan Institusional, Komisaris Independen, Komite Audit, Pertumbuhan Penjualan, dan Leverage terhadap Manajemen Laba. Jurnal Eksplorasi Akuntansi, 3(4), 893–907.
Hamdani, M. (2016). Semnas fekon 2016. Good Corporate Governance (Gcg) Dalam Perspektif Agency Theory, 2000, 50–57.
Hemathilake, D. H. U., & Chathurangani, H. B. P. (2019). Corporate Governance and Earnings Management: A Sri Lankan Perspective. International Journal Of Creative and Innovative Research In All Studies, 2(4), 82–93.
Indeswari, S. (2015). Pengaruh Ukuran Perusahaan Dan Leverage Terhadap Manajemen Laba Dengan Mekanisme Coorporate Governance Sebagai Variabel Moderasi (Studi Kasus Pada Perusahaan Perbankan Di Bursa Efek Indonesia). Jurnal Ekonomi, 23(4).
Indonesia, I. A. (2012). Standard Akuntansi Keuangan. Salemba Empat.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.
Kasmir. (2016). Pengantar Manajemen Keuangan (Introduction to Financial Management). Prenada Media, 7.
Lindra, F. R., Suparlinah, I., Ayu, R., Wulandari, S., Sunarmo, A., Akuntansi, J., Soedirman, U. J., Manajerial, K., Institusional, K., Independen, D. K., & Audit, K. (2022). Jurnal Ekonomi, Bisnis dan Akuntansi (JEBA) Volume 24 No 2 Tahun 2022 PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP MANAJEMEN LABA. 24(2), 1–16.
Prawida, N. (2021). Leverage, profitability, corporate governance mecanism and earning management: cases in manufacturing company in Indonesia Stock Exchange. Asian Management and Business Review, 1(1), 35–45.
Priharta, A., Rahayu, D. P., & Sutrisno, B. (2018). Pengaruh CGPI, Kualitas Audit, Ukuran Perusahaan dan Laverage terhadap Manajemen Laba. JABE (Journal of Applied Business and Economic), 4(4), 277.
Sari, S. Y. (2015). Analisis Faktor-faktor yang Mempengaruhi Manajemen Laba pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jom FEKON, 2(2), 1–15.
Sulisyanto. (2008). Manajemen Laba: Teori dan Model Empiris. PT Gramedia Widiasarana Indonesia.
Turot, M. (2019). Pengaruh Kebijakan Dividen, Corporate Governance, Free Cash Flow, Dan Pertumbuhan Penjualan Terhadap Manajemen Laba. Jurnal Akrab Juara, 4(November), 19–27.
Widyaningsih, H. (2017). Pengaruh Beban Pajak Tangguhan Terhadap Manajemen Laba. Jurnal Nominal, 6(2), 91–107.
William R, S. (2015). Financial Accounting Theory seventh edition. Financial Accounting, 1–625.
Zakia, V., Diana, N., & Mawardi, M. C. (2019). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Ukuran Perusahaan, Leverage, Profitabilitas, Pertumbuhan Penjualan Terhadap Manajemen Laba Dengan Good Corporate Governance Sebagai Variabel Moderating. E-Jounal Riset Akuntansi, 08(04), 26–39.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Fauji Sanusi, Annisa, Enok Nurhayati, Yeni Januarsi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This journal is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
