Pengaruh Diversifikasi Operasi, Diversifikasi Geografis, Leverage dan Struktur Kepemilikan terhadap Manajemen Laba (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2009-2010)

Abstract

This study aims to examine the influence of operation diversification, geographic diversification, leverage and ownership structure towards earnings management in manufacturing companies. Two types of diversification are studied: operation diversification and geographic diversification. Leverage measured by ratio between total debt and total assets. Ownership structure comprises four aspects: concentrated ownership, foreign ownership, institutional ownership and managerial ownership. Earnings management measured by discretionary accruals, which is counted using modified Jones model. This study uses documentary method from ICMD and annual reports of manufacture companies. This study utilizes data from 72 manufacturing companies listed at Bursa Efek Indonesia (BEI) in 2009 until 2010. Multiple regression technique is used for the data analysis. The result of this study indicates geographic diversification, leverage, concentrated ownership and institutional ownership have significant influence in earnings management. Higher geographic diversification and institutional ownership might decrease earnings management. Meanwhile, increase of leverage and concentrated ownership might raise earnings management. The study didn’t find significant effect of operation diversification, foreign ownership and managerial ownership towards earnings management.