Pengaruh Konservatisme Akuntansi, Kepemilikan Institusi dan Asing terhadap Kualitas Laba dengan Variabel Moderasi Manajemen Laba

Authors

  • Adri Putra Nugraha Universitas Brawijaya
  • Reyhan Achmad Karis Universitas Brawijaya
  • Rizka Fitriasari Universitas Brawijaya

DOI:

https://doi.org/10.30737/jimek.v8i02.7296

Keywords:

Accounting Conservatism, Institutional Ownership, Foreign Ownership, Earnings Management, Earnings Quality

Abstract

This descriptive quantitative study aims to examine the effects of accounting conservatism, institutional ownership, and foreign ownership on the earnings quality of manufacturing companies. From the population of manufacturing companies listed on the Indonesia Stock Exchange during the 2019–2023 period, 51 companies were selected as samples through purposive sampling. The results of multiple linear regression analysis show that accounting conservatism and institutional ownership have positive effects on earnings quality, and earnings management strengthens the effect of institutional ownership on earnings quality. However, this study does not find any positive effect of foreign ownership on earnings quality, nor evidence that earnings management strengthens the effect of foreign ownership on earnings quality. Based on these findings, this study suggests that manufacturing companies consider applying the principle of accounting conservatism to improve earnings quality.

References

Akter, A., Wan Yusoff, W. F., & Abdul-Hamid, M. A. (2024). The moderating role of board diversity on the relationship between ownership structure and real earnings management. Asian Journal of Accounting Research, 9(2), 98–115. https://doi.org/10.1108/AJAR-10-2022-0307

Ali, M. J., Biswas, P. K., Chapple, L., & Kumarasinghe, S. (2024). Institutional ownership and earnings quality: Evidence from China. Pacific Basin Finance Journal, 84. https://doi.org/10.1016/j.pacfin.2024.102275

Aljifri, K., & Elrazaz, T. (2024). Effect of Earnings Management on Earnings Quality and Sustainability: Evidence from Gulf Cooperation Council Distressed and Non-Distressed Companies. Journal of Risk and Financial Management, 17(8). https://doi.org/10.3390/jrfm17080348

Ani, M. K. Al. (2021). Earnings quality and foreign investors in gulf cooperation council countries. In Contemporary Management Research (Vol. 17, Issue 3, pp. 223–270). Academy of Taiwan Information Systems Research. https://doi.org/10.7903/CMR.20575

Basu, S., Barclay, S. P. K. M., Christie, A., Daley, M., Lilien, S., Pearson, N., Shevlin, T., Weintrop, J., & Zimmerman, J. (1997). Accounting &Economids The conservatism principle and the asymmetric timeliness of earnings 1. In Basu / Journal of Accounting and Economics (Vol. 24).

Cai, C., & Giorgioni, G. (2021). Author: Batool Abdeldayem Accounting Conservatism, Earnings Quality, and Stocks Mispricing.

Davis, J. G., & García-Cestona, M. (2023). Institutional ownership, earnings management and earnings surprises: evidence from 39 years of U.S. data. Journal of Economics, Finance and Administrative Science, 28(56), 218–236. https://doi.org/10.1108/JEFAS-01-2023-0021

Dechow, P., Ge, W., & Schrand, C. (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics, 50(2–3), 344–401. https://doi.org/10.1016/j.jacceco.2010.09.001

Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting Earnings Management Author(s): Detecting Earnings Management. In Source: The Accounting Review (Vol. 70, Issue 2).

Dinh, T. T. H., Vo, D. H., The Vo, A., & Nguyen, T. C. (2019). Foreign Direct Investment and Economic Growth in the Short Run and Long Run: Empirical Evidence from Developing Countries. Journal of Risk and Financial Management, 12(4). https://doi.org/10.3390/jrfm12040176

Eliwa, Y., Haslam, J., Abraham, S., & Saleh, A. (2024). The power of oversight: Institutional investors as moderators of the earnings quality-information asymmetry nexus in Europe. https://www.emeraldgrouppublishing.com/publish-with-us/author-policies/our-open-research-policies#green

Fitriasari, R., Putra Nugraha, A., Firdaius, R., Ekonomi, F., Bisnis, D., & Brawijaya, U. (2023). PENGARUH STRUKTUR KEPEMILIKIAN PERUSAHAAN TERHADAP ONLINE CSR DISCLOSURE. https://jurnal.unitri.ac.id/index.php/refrensi/index

Ghozali. (2021). ilide.info-ghozali-2021-pr_446a89264ea6bae16cc1d7d35d6a466c.

Guo, M., & Zheng, C. (2021). Foreign ownership and corporate social responsibility: Evidence from china. Sustainability (Switzerland), 13(2), 1–22. https://doi.org/10.3390/su13020508

Healy, P. M., Wahlen, J. M., Miller, G., Noe, C., Petroni, K., & Salamon, J. (1998). A REVIEW OF THE EARNINGS MANAGEMENT LITERATURE AND ITS IMPLICATIONS FOR STANDARD SETTING.

Hudaya, R., Kartikasari, N., & Suryantara, A. B. (2021). Pemetaan Tingkat Manipulasi Laporan Keuangan pada Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia selama Covid-19. In Valid Jurnal Ilmiah (Vol. 19, Issue 1).

Januarsi, Y., Taufik, H. E. R., & Akhmadi. (2025). UNCERTAINTY ABOUT ECONOMIC POLICY AND DECISIONS TO ENGAGE IN REAL EARNINGS MANAGEMENT: EVIDENCE FROM INDONESIA’S CAPITAL MARKET. Journal of Indonesian Economy and Business, 40(2), 274–293. https://doi.org/10.22146/jieb.v40i2.10194

Jensen, M. C., & Meckling, W. H. (1976). THEORY OF THE FIRM: MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE. In Journal of Financial Economics (Vol. 3). Q North-Holland Publishing Company.

Jeon, J. Q., Lee, C., & Moffett, C. M. (2011). Effects of foreign ownership on payout policy: Evidence from the Korean market. Journal of Financial Markets, 14(2), 344–375. https://doi.org/10.1016/j.finmar.2010.08.001

Jiang, Z., Hu, L., & Wang, Z. (2024). Better or worse? Revealing the impact of common institutional ownership on annual report readability. Humanities and Social Sciences Communications, 11(1). https://doi.org/10.1057/s41599-024-03162-7

Kareem, M., Ani, A., & Chong, G. (2021). INTERPLAY BETWEEN ACCOUNTING CONSERVATISM, AUDITING CONSERVATISM AND QUALITY OF EARNINGS IN OMAN. In International Journal of Economics (Vol. 29, Issue 1). https://www.researchgate.net/publication/353371597

Khuong, N. V., Abdul Rahman, A. A., Thuan, P. Q., Liem, N. T., Anh, L. H. T., Thuy, C. T. M., & Ly, H. T. N. (2022). Earnings Management, Board Composition and Earnings Persistence in Emerging Market. Sustainability (Switzerland), 14(3). https://doi.org/10.3390/su14031061

Kuo, J. M., Ning, L., & Song, X. (2014). The Real and Accrual-based Earnings Management Behaviors: Evidence from the Split Share Structure Reform in China. International Journal of Accounting, 49(1), 101–136. https://doi.org/10.1016/j.intacc.2014.01.001

Lee, J. H. (2022). Earnings quality, foreign investor and dividends. Journal of Derivatives and Quantitative Penelitianes, 30(1), 58–72. https://doi.org/10.1108/JDQS-07-2021-0018

Lin, F., Wu, C. M., Fang, T. Y., & Wun, J. C. (2014). The relations among accounting conservatism, institutional investors and earnings manipulation. Economic Modelling, 37, 164–174. https://doi.org/10.1016/j.econmod.2013.10.020

Ma, H., & Jeong, K. (2022). The effects of accounting conservatism on investment decision: Evidence from listed companies in China. Cogent Business and Management, 9(1). https://doi.org/10.1080/23311975.2022.2093484

Oh, W. Y., Chang, Y. K., & Martynov, A. (2011). The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence from Korea. Journal of Business Ethics, 104(2), 283–297. https://doi.org/10.1007/s10551-011-0912-z

Pham, D. H., & Vu, Q. T. (2024). Ownership structures, board characteristics and the extent of accounting conservatism in vietnamese listed firms. Cogent Business and Management, 11(1). https://doi.org/10.1080/23311975.2024.2433158

Pound, J. (1988). PROXY CONTESTS AND THE EFFICIENCY OF SHAREHOLDER OVERSIGHT. In Journal of Financial Economics (Vol. 20).

Sekaran & Bougie. (2017). Research Methods for Business.

Thesing, J., & Velte, P. (2021). Do fair value measurements affect accounting-based earnings quality? A literature review with a focus on corporate governance as moderator. Journal of Business Economics, 91(7), 965–1004. https://doi.org/10.1007/s11573-020-01025-6

Tran, T. T., Thi Do, Y. H., & Kim Vo, N. (2023). The impact of foreign ownership, corporate governance on earning management: Fuzzy-set qualitative comparative analysis. Cogent Business and Management, 10(3). https://doi.org/10.1080/23311975.2023.2247869

Tulcanaza-Prieto, A. B., & Lee, Y. (2022). Real Earnings Management, Firm Value, and Corporate Governance: Evidence from the Korean Market. International Journal of Financial Penelitianes, 10(1). https://doi.org/10.3390/ijfs10010019

Vo, X. V., & Chu, T. K. H. (2019). Do foreign shareholders improve corporate earnings quality in emerging markets? Evidence from Vietnam. Cogent Economics and Finance, 7(1). https://doi.org/10.1080/23322039.2019.1698940

Zadeh, F. N., Askarany, D., & Asl, S. A. (2022). Accounting Conservatism and Earnings Quality. Journal of Risk and Financial Management, 15(9). https://doi.org/10.3390/jrfm15090413

Zhong, Y., & Li, W. (2017). Accounting Conservatism: A Literature Review. In Australian Accounting Review (Vol. 27, Issue 2, pp. 195–213). Blackwell Publishing Ltd. https://doi.org/10.1111/auar.12107

Downloads

Published

2025-12-31

Issue

Vol. 8 No. 02 (2025): JIMEK Vol 08 No 02 2025

Section

Articles

License

Copyright (c) 2025 Adri Putra Nugraha, Reyhan Achmad Karis, Rizka Fitriasari

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.


Deprecated: json_decode(): Passing null to parameter #1 ($json) of type string is deprecated in /home/ojs.unik-kediri.ac.id/public_html/plugins/generic/citations/CitationsPlugin.php on line 68

How to Cite

Pengaruh Konservatisme Akuntansi, Kepemilikan Institusi dan Asing terhadap Kualitas Laba dengan Variabel Moderasi Manajemen Laba. (2025). JIMEK : Jurnal Ilmiah Mahasiswa Ekonomi, 8(02), 108-143. https://doi.org/10.30737/jimek.v8i02.7296

Similar Articles

41-50 of 58

You may also start an advanced similarity search for this article.