ANALISIS PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP MANAJEMEN LABA DAN NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2005-2008

Abstract

The purpose of this research is to examine the influence of the corporate governance mechanism concerning to the earnings management andfirm value in manufacturing companies listed at Indonesian Stock Exchange during 2005-2008. The variable examined in this research is institutional ownership, nxanagerial ownership, independent comntissioner, auditor quality, earning management measured with discretionary accrual by modified Jones model (1995) andfirm value. The sample u,hich is used in this research mandacturing companies listed at htdonesian Stock Exchange on period of 2005-2008. This research is using purposive sampling method to determine the sample and resulted 77 companies os research sample. Multiple regression model and statistic descriptive is used to analysis data. The result af t:his research shows the corporate governqnce mechanism (institutional ownership, nmnogerial ownership, independent commissioner and auditor quality) are not influence to earnings tnanagement. Institutionql ownership, managerial ownership and auditor quality not influence to firm value. Independent cotmmissioner had negatit,e effect and significant to thefirm value.