The impact of corporate governance and the covid-19 crisis on earnings management practices in the tourism sector
DOI:
https://doi.org/10.54957/educoretax.v5i5.1674Kata Kunci:
Corporate governance, Earnings management, Covid-19, Tourism sectorAbstrak
The objective of this quantitative research is to examine how the COVID-19 pandemic and elements of corporate governance influence earnings management in tourism-related businesses in Indonesia. The absolute value of discretionary accruals based on the Kothari model is used as the dependent variable to measure earnings management. Internal ownership, board size, the percentage of independent commissioners, audit committee participation, and a dummy variable for the COVID-19 pandemic constitute the independent variables of this study. Leverage (DER), profitability (ROE), and the market price-to-book value ratio (PBV) are also included as control variables in this research. With a total of 80 observations collected through purposive sampling, the research sample consists of 20 tourism sector companies listed on the Indonesia Stock Exchange for the period of 2020–2023. Panel data regression using STATA 17 software was used for data analysis. The research findings indicate that while board size, the percentage of independent commissioners, and the COVID-19 program do not significantly influence earnings management, internal ownership and audit committee activity do.
Referensi
Angelina, M. (2022). Analisis Perbandingan Manajemen Laba Sebelum Dan Saat Covid-19 Pada Perusahaan Manufaktur di Bursa Efek Indonesia. Jurnal Akuntansi Indonesia, 11(2), 121–132. https://doi.org/10.30659/jai
Arthawan, P. T., & Wirasedana, W. P. (2018). Pengaruh Kepemilikan Manajerial, Kebijakan Utang dan Ukuran Perusahaan Terhadap Manajemen Laba. E-Jurnal Akuntansi, 1. https://doi.org/10.24843/eja.2018.v22.i01.p01
Azhura, D., & Serly, V. (2024). Pengaruh Pandemi Covid 19, Financial Distress, Good Corporate Governance terhadap Manajemen Laba pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2018-2022. Jurnal Eksplorasi Akuntansi, 6(2), 861–872. https://doi.org/10.24036/jea.v6i2.1534
Bagaskara, R., & Dewayanto, T. (2018). Board Size, Board Independence, Institusional Ownership and Internal Control Disclosure. DIPONEGORO JOURNAL OF ACCOUNTING, 7(1). http://ejournal-s1.undip.ac.id/index.php/accounting
Bona-Sánchez, C., Fernández-Senra, C. L., & Pérez-Alemán, J. (2017). Related-party transactions, dominant owners and firm value. BRQ Business Research Quarterly, 20(1), 4–17. https://doi.org/https://doi.org/10.1016/j.brq.2016.07.002
Brigham, E. F., & Houston, J. F. (2019). Fundamentals of Financial Management (15th ed.). CENGAGE.
Databoks. (2020). Kinerja Saham Lima Emiten Farmasi Menanjak selama Pandemi. https://databoks.katadata.co.id/saham/statistik/84e00dcc1b3432c/kinerja-lima-emiten-farmasi-menanjak-selama-pandemi
Databoks. (2022). Konsumsi Pariwisata Indonesia Anjlok 5% di Tahun Awal Pandemi.
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting Earnings Management Author(s): Detecting Earnings Management. Source: The Accounting Review, 70(2), 193–225.
Firmansyah, A., Prakosa, D. K., Al ‘Alam, M. P. A., Pamungkas, P. A., Geno, M. R. P., Fauzi, I., & Bachtiar, M. I. H. (2024). Accrual Earnings Management, Real Earnings Management, and Cost of Debt: Does Capital Structure Matter? JRAK, 16(1), 95–106. https://doi.org/10.23969/jrak.v16i1.11734
Fischer, M., & Rosenzweig, K. (1995). Attitudes of Students and Accounting Practitioners Concerning the Ethical Acceptability of Earnings Management.
Fitrasari, R. (2023). The Effect Of Board Size, Board Independence, And The Composition Of Board Independence On Accrual And Real Earnings Management. Jurnal Akuntansi Dan Keuangan Indonesia, 20(2), 222–241. https://doi.org/10.21002/jaki.2023.12
Ghazalat, A. N. M., Islam, Md. A., & Noor, I. B. M. (2017). Impact of internal ownership on the monitoring and mitigating mechanisms of earnings management practices. Corporate Ownership and Control, 14(2), 289–295. https://doi.org/10.22495/cocv14i2c2p2
Grimonia, S., & Destriana, L. N. (2023). Pengaruh Free Cash Flow, Board Size, Dan Karakteristik Perusahaan Terhadap Manajemen Laba. E-JURNAL AKUNTANSI TSM, 3(2), 317–332. http://jurnaltsm.id/index.php/EJATSM
Healy, P. M., Wahlen, J. M., Miller, G., Noe, C., Petroni, K., & Salamon, J. (1998). A Review Of The Earnings Management Literature and Its Implications for Standard Setting.
Helmi, S. M., Heniwati, E., Kurniadi, A., & Faisal, A. (2024). Determinan Kualitas Audit dimoderasi oleh Komite Audit. Owner, 8(3), 2470–2483. https://doi.org/10.33395/owner.v8i3.2273
Hendra, J., Koesharjono, H., & Priantono, S. (2018). Corresponding author. E-mail addresses:-Implication Of Good Corporate Governance And Leverage On Earnings Management. International Journal of Social Science and Business, 2, 1–9. https://ejournal.undiksha.ac.id/index.php/IJSSB
Herrera, O., & Andayani. (2020). Pengaruh Struktur Kepemilikan Dan Kinerja Keuangan Terhadap Manajemen Laba. Jurnal Ilmu Riset Akuntansi JIRA, 8(1).
Imanta, D., & Satwiko, R. (2011). Faktor-faktor Yang Mempengaruhi Kepemilikan Managerial. 13(1), 67–80.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/https://doi.org/10.1016/0304-405X(76)90026-X
Jhonatan, J., & Suhendah, R. (2024). Pengaruh Leverage, Profitability Dan Independent Board Of Commissioners Terhadap Manajemen Laba. In Profitability dan Independent Board of… Jurnal Multiparadigma Akuntansi (Issue 1). Pengaruh Leverage.
Joshua, R., & Varda, Y. (2008). Definition of Earnings Management. In Earnings Management: Emerging Insights in Theory, Practice, and Research (pp. 25–38). Springer US. https://doi.org/10.1007/978-0-387-25771-6_2
Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2013). Intermediate Accounting 15th Edition (M. McDonald, B. Kamins, T. A. Tatro, Y. Mermel, & V. Vargas, Eds.; 15th ed.). Wiley.
Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of Accounting and Economics, 39(1), 163–197. https://doi.org/10.1016/j.jacceco.2004.11.002
Lestari, N. L. P. R. W., & Sanjaya, I. K. P. W. (2025). The Effect Of Board Of Commissioners Size On Earnings Management With Audit Committee As A Moderation In Companies Listed on LQ45. Journal of Tourism Economics and Policy JTEP, 5(1), 132–141.
Mardianto, M., & Chintia, C. (2022). Analisis Karakteristik Dewan Direksi dan Struktur Kepemilikan terhadap Manajemen Laba Perusahaan di BEI 2016-2020. Owner, 6(1), 269–281. https://doi.org/10.33395/owner.v6i1.556
Prabowo, M. A. (2018). Tingkat Keaktifan Komite Audit dan Manajemen Laba di Indonesia. Jurnal Manajemen Teknologi, 17(2), 95–110. https://doi.org/10.12695/jmt.2017.17.2.2
Pramesti, T., Safitri, M., Setyahuni, S. W., & Oktavia, V. (2025). Analysis Of Insider Ownership, Debt Policy And Dividend Policy As Intervening Variables On The Firm Value Of Companies In The Mining Sector Listed On The (Indonesia Stock Exchange) Period 2019-2023. Jurnal Pendidikan Ekonomi Dan Kewirausahaan), 9(1), 74. https://doi.org/10.29408/jpek.v9i1.29195
Pratomo, D., & Alma, N. (2020). Pengaruh Dewan Komisaris Independen, Kepemilikan Institusional,Kepemilikan manajerial, dan Kepemilikan Asing Terhadap Manajemen Laba (Studi Kasus Pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2014-2018). Jurnal Akuntansi Keuangan dan Bisnis, 13(2), 98–107.
Ramdani, R. F., Pratomo, D., & Zuliansyah, A. (2022). Pengaruh Pandemic Covid-19 Terhadap Perilaku Manajemen Laba (Studi Empiris Pada Perusahaan Sub Sektor Hotel, Pariwisata, Restoran Dan Retail). Jurnal Akuntansi dan Pajak, 01.
Rinta, M. (2021). Ukuran Dewan Direksi, Aktivitas Komite Audit Dan Ukuran Komite Audit Terhadap Manajemen Laba. Journal of Accounting Science, 5(1), 89–103. https://doi.org/10.21070/jas.v5i1.1336
Sadiq, A., Phd, U., Adabenege, O., & Phd, Y. (2025). Board Independence And Earnings Management. Journal of Business Ethics and Education ISSN, 16, 113–155. https://doi.org/10.01674/jbee.2025.v16.i1x.113
Scott, W. R. (2015). Financial Accounting Theory 7th Edition (7th ed.).
Spence, M. (1973). Job Market Signaling*. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010
Sugiarto, M. (2011). Pengaruh Struktur Kepemilikan Dan Kebijakan Dividen Terhadap Nilai Perusahaan Dengan Kebijakan Hutang Sebagai Intervening. Jurnal Akuntansi Kontemporer, 3(1).
Zsabrina, A. R. A. (2024). Pengaruh Financial Distress, Growth, Board Independence, Auditor Switching, Dan Audit Quality Terhadap Real Earnings Management. JIMEB, 1(1), 1–12.
Unduhan
Diterbitkan
Cara Mengutip
Terbitan
Bagian
Lisensi
Hak Cipta (c) 2025 Marcellino Ferdinand Sebastian, Ferry Irawan
Artikel ini berlisensi Creative Commons Attribution 4.0 International License.
