Kualitas Laba dan Tingkat Manipulasi Laporan Keuangan dimata Investor Pasar Modal Sektor Pertambangan. Pentingkah?
DOI:
https://doi.org/10.53512/valid.v18i2.175Keywords:
earnings quality, financial statement manipulation, market value, capital market, investmentAbstract
This study aims to prove empirically whether the earnings quality and the level of financial statement manipulation have an effect on the company market value. The study used sample of 3 years from 2017 to 2019. Using the multiple linear regression method, it was found that the quality of earnings has a negative effect on the market value of the company and is contrary to previous theory and research. Meanwhile, the level of financial statement manipulation has no effect on the company's market value. These results indicate that the quality of earnings and the degree of manipulation of financial statements are not the main information used by capital market players in determining their investment choices. Capital market players prefer other methods of analysis in determining their investment options.
References
Hamdiah, C. (2015). Pengaruh Kepemilikan Institusional Dan Kualitas Laba Terhadap Nilai Perusahaan Pada Perusahaan Transportasi Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ekonomi Manajemen Dan Akuntansi, 1(1), 1–9.
Hugo, J. (2019). Efektivitas Model Beneish M-score dan Model F-score dalam Mendeteksi Kecurangan Laporan Keuangan. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 3(1), 165. https://doi.org/10.24912/jmieb.v3i1.2296
Islam, M. A., Ali, R., & Ahmad, Z. (2011). Is Modified Jones Model Effective in Detecting Earnings Management? Evidence from A Developing Economy. International Journal of Economics and Finance, 3(2), 116–125. https://doi.org/10.5539/ijef.v3n2p116
Iswanaji, C. (2018). Mendeteksi Kecurangan Laporan Keuangan Menggunakan Beneish Ratio Index Pada Pabrik Cambric Yogyakarta. Jurnal Reviu Akuntansi Dan Keuangan, 8(1), 25–34. https://doi.org/10.22219/jrak.v8i1.24
Kurniawan, R. (2018). Harga Batubara Terendah dalam 6 Bulan Terakhir, Bagaimana Prospek Emiten Pertambangan Batu bara ? https://rivankurniawan.com/2018/12/11/penurunan-harga-batubara/
Lawi, G. F. K. (2019). Ekonomi Kuartal II/2019, Sektor Pertambangan dan Penggalian Turun 0,71 Persen.
Lestari, N. B., Khafid, M., & Anisykurlillah, I. (2014). Pengaruh Good Corporate Governance terhadap Nilai Perusahaan dengan Kualitas Laba Sebagai Variabel Intervening. Accounting Analysis Journal, 3(1), 34–43.
Novriansa, A. (2019). Sektor Pertambangan Rawan Manipulasi Transfer Pricing? DDTC News. https://news.ddtc.co.id/sektor-pertambangan-rawan-manipulasi-transfer-pricing-17422?page_y=0
Repousis, S. (2016). Using Beneish model to detect corporate financial statement fraud in Greece. Journal of Financial Crime, 23(4), 1063–1073. https://doi.org/10.1108/JFC-11-2014-0055
Robinson, T. R., Henry, E., Pirie, W. L., & Broihahn, M. A. (2015). International Financial Statement Analysis (CFA Institute Investment Series) (3rd Edition). In BMC Public Health (3rd ed., Vol. 5, Issue 1). Wiley.
Subagya, Y. H. (2017). Keterkaitan Kepemilikan Manajerial, Institusional, dan Komite Audit pada Nilai Perusahaan di Mediasi Oleh Kualitas Laba. Jurnal Perilaku Dan Strategi Bisnis, 5(2), 117–132. https://doi.org/10.26486/jpsb.v5i2.353
Talab, H. R., Hammood, H., & Ali, S. I. (2017). Role of Beneish M-score model in Detecting of Earnings Management Practices: Empirical Study in listed banks of Iraqi Stock Exchange. International Journal of Applied Business and Economic Research, 15(23).
Tarjo, & Herawati, N. (2015). Application of Beneish M-score Models and Data Mining to Detect Financial Fraud. 2nd Global Conference on Business and Social Science-2015, 211(September), 924–930. https://doi.org/10.1016/j.sbspro.2015.11.122
Utomo, F. M., & Dianawati, W. (2017). Corporate Governance dan Leverage terhadap Nilai Perusahaan Dengan Kualitas Laba Sebagai Variabel Mediasi. Jurnal Investasi Islam, 2(2), 21–44.
Watts, R. L., & Zimmerman, J. L. (1990). Positive Accounting Theory: A Ten Year Perspective. The Accounting Review, 65(1), 131–156.
Yoon, S. S., Miller, G., & Jiraporn, P. (2006). Earnings management vehicles for Korean firms. Journal of International Financial Management and Accounting, 17(2), 85–109. https://doi.org/10.1111/j.1467-646X.2006.00122.x
Zarviana, R., Nur, E., & Indrawati, N. (2017). Pengaruh IFR dan Mekanisme CG terhadap Nilai Perusahaan dengan Kualitas Laba sebagai Variabel Intervening. Jurnal Sorot, 12(1), 25–39. https://doi.org/10.31258/sorot.12.1.4079
Hugo, J. (2019). Efektivitas Model Beneish M-score dan Model F-score dalam Mendeteksi Kecurangan Laporan Keuangan. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 3(1), 165. https://doi.org/10.24912/jmieb.v3i1.2296
Islam, M. A., Ali, R., & Ahmad, Z. (2011). Is Modified Jones Model Effective in Detecting Earnings Management? Evidence from A Developing Economy. International Journal of Economics and Finance, 3(2), 116–125. https://doi.org/10.5539/ijef.v3n2p116
Iswanaji, C. (2018). Mendeteksi Kecurangan Laporan Keuangan Menggunakan Beneish Ratio Index Pada Pabrik Cambric Yogyakarta. Jurnal Reviu Akuntansi Dan Keuangan, 8(1), 25–34. https://doi.org/10.22219/jrak.v8i1.24
Kurniawan, R. (2018). Harga Batubara Terendah dalam 6 Bulan Terakhir, Bagaimana Prospek Emiten Pertambangan Batu bara ? https://rivankurniawan.com/2018/12/11/penurunan-harga-batubara/
Lawi, G. F. K. (2019). Ekonomi Kuartal II/2019, Sektor Pertambangan dan Penggalian Turun 0,71 Persen.
Lestari, N. B., Khafid, M., & Anisykurlillah, I. (2014). Pengaruh Good Corporate Governance terhadap Nilai Perusahaan dengan Kualitas Laba Sebagai Variabel Intervening. Accounting Analysis Journal, 3(1), 34–43.
Novriansa, A. (2019). Sektor Pertambangan Rawan Manipulasi Transfer Pricing? DDTC News. https://news.ddtc.co.id/sektor-pertambangan-rawan-manipulasi-transfer-pricing-17422?page_y=0
Repousis, S. (2016). Using Beneish model to detect corporate financial statement fraud in Greece. Journal of Financial Crime, 23(4), 1063–1073. https://doi.org/10.1108/JFC-11-2014-0055
Robinson, T. R., Henry, E., Pirie, W. L., & Broihahn, M. A. (2015). International Financial Statement Analysis (CFA Institute Investment Series) (3rd Edition). In BMC Public Health (3rd ed., Vol. 5, Issue 1). Wiley.
Subagya, Y. H. (2017). Keterkaitan Kepemilikan Manajerial, Institusional, dan Komite Audit pada Nilai Perusahaan di Mediasi Oleh Kualitas Laba. Jurnal Perilaku Dan Strategi Bisnis, 5(2), 117–132. https://doi.org/10.26486/jpsb.v5i2.353
Talab, H. R., Hammood, H., & Ali, S. I. (2017). Role of Beneish M-score model in Detecting of Earnings Management Practices: Empirical Study in listed banks of Iraqi Stock Exchange. International Journal of Applied Business and Economic Research, 15(23).
Tarjo, & Herawati, N. (2015). Application of Beneish M-score Models and Data Mining to Detect Financial Fraud. 2nd Global Conference on Business and Social Science-2015, 211(September), 924–930. https://doi.org/10.1016/j.sbspro.2015.11.122
Utomo, F. M., & Dianawati, W. (2017). Corporate Governance dan Leverage terhadap Nilai Perusahaan Dengan Kualitas Laba Sebagai Variabel Mediasi. Jurnal Investasi Islam, 2(2), 21–44.
Watts, R. L., & Zimmerman, J. L. (1990). Positive Accounting Theory: A Ten Year Perspective. The Accounting Review, 65(1), 131–156.
Yoon, S. S., Miller, G., & Jiraporn, P. (2006). Earnings management vehicles for Korean firms. Journal of International Financial Management and Accounting, 17(2), 85–109. https://doi.org/10.1111/j.1467-646X.2006.00122.x
Zarviana, R., Nur, E., & Indrawati, N. (2017). Pengaruh IFR dan Mekanisme CG terhadap Nilai Perusahaan dengan Kualitas Laba sebagai Variabel Intervening. Jurnal Sorot, 12(1), 25–39. https://doi.org/10.31258/sorot.12.1.4079
Downloads
Published
2021-07-30
How to Cite
Hudaya, R. (2021). Kualitas Laba dan Tingkat Manipulasi Laporan Keuangan dimata Investor Pasar Modal Sektor Pertambangan. Pentingkah?. Valid: Jurnal Ilmiah, 18(2), 103–113. https://doi.org/10.53512/valid.v18i2.175
Issue
Section
Articles
