PENGARUH KARAKTERISTIK DEWAN KOMISARIS INDEPENDEN TERHADAP MANAJEMEN LABA (Studi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia)

Abstract

ABSTRACT The purpose of this study is to analyze the influence of characteristics’ board of directors on earnings management. The characteristics are defined as proportion of independent directors and multiple directorships of independent directors. Absolute discretionary accrual is used to measure earnings management. The research also analyzes effectiveness of I-A regulation. Manufacturing firms listed in Indonesian Stock Exchange 1999-2007 is the object of this study. Based on purposive sampling technique, it gets 33 firms. Multiple regression analysis and paired sample test are used to test the hypothesis . The result of the hypothesis test indicates that proportion of independent directors has significantly negative effect on discretionary accruals. The multiple directorships of independent directors has significantly positive effect on discretionary accruals. This study also find that there is difference in the average practice of earnings management before and after the I-A regulation on independent directors. Keywords: earnings management, independent directors, multiple directorships, I-A regulation Created with novaPDF Printer (www.novaPDF.com)