ANALISIS PENGARUH FAKTOR RISIKO KECURANGAN TERHADAP MANAJEMEN LABA (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar pada Bursa Efek Indonesia Periode 2011-2013)

Abstract

This study aims to analyze effect of fraud risk factors in fraud triangle for earnings management. Fraud triangle theory by Cressey (1953) states that three conditions applied for risks of fraud; pressure, opportunity and rationalization. Testing the possibility of earnings management, study proposes variable as a proxy measure for three components of fraud triangle, as shown in SAS No. 99 namely personal financial need, and external pressure as a pressure component size, effectiveness of controls as a measure of opportunity component, and component rationalization. Population of this study is manufacturing companies listed in Indonesia Stock Exchange (BEI) for the period of 2011 to 2013. Purposive sampling method is used to obtain data from 147 manufacturing companies. Type of data are secondary, in the form of annual reports of companies listed on the Stock Exchange during the period 2011-2013. Hypotheses are tested using multiple linear regression. The results show that external pressure variable proxies with leverage having a positive significant relationship with earnings management. In addition, this study shows that variable rationalization proxied with KAP has a significant positive relationship with earnings management. Personal financial variables need proxied by the ratio of share ownership by insiders and effectiveness of monitoring proxied by proportion of independent board has no effect on earnings management.