PENGARUH ADOPSI IFRS TERHADAP MANAJEMEN LABA DI INDONESIA
Keywords:
earnings management, IFRS adoption, Indonesia.
Abstract
This study aims to examine the effect of IFRS adoption on earnings management. Since 2012 Indonesia has adopted IFRS which is an internationally accepted high quality financial reporting standard. One of the characteristics of the quality of financial statements is the low level of earnings management. The population in this study are manufacturing companies listed on the Stock Exchange, with a sample of 115 companies before the adoption of IFRS and 115 companies after the adoption of IFRS. The results showed that there was no effect of IFRS adoption on earnings management practices.
References
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[27] Sovaniski, T. “Influencing of International Accounting Reporting Standards on Quality of Financial Reports”. Available at SSRN 3665457.2020
[28] d’Udekem, Benoit. 2021. “Agency Conflicts and Dividend Persistence”. Journal of Financial Services Research, 2021, Pages 1–28. https://doi.org/10.1007/s10693-021-00348-x
[29] Salehi, Mahdi, Mahmoud Lari DashtBayaz, Somayeh Hassanpour, and Hossein Tarighi. 2020. “The effect of managerial overconfidence on the conditional conservatism and real earnings management”. Journal of Islamic Accounting and Business Research, Volume11, 2020. https://doi.org/10.1108/JIABR-03-2017-0030
[30] Hassan, Shehu Usman, and Abubakar Ahmed. 2012. Corporate governance, earnings management and financial performance: A case of Nigerian manufacturing firms. American International Journal of Contemporary Research 2: 214–26.
[31] Ajina, Aymen, and Aymen Habib. 2017. “Examining the relationship between Earning management and market liquidity”. Research in International Business and Finance, Volume 42, 2017, Pages 1164–72. https://doi.org/10.1016/j.ribaf.2017.07.054
[32] Marchini, Pier Luigi, Tatiana Mazza, and Alice Medioli. “The impact of related party transactions on earnings management: Some insights from the Italian context”. Journal of Management and Governance, Volume 22, 2018, Pages 981–1014. https://doi.org/10.1007/s10997-018-9415-y
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[34] Iatridis, George, and George Kadorinis. Earnings management and firm financial motives: A financial investigation of UK listed firms. International Review of Financial Analysis, Volume 18, Pages 164–73. https://doi.org/10.1016/j.irfa.2009.06.001
[35] Li, Yuanhui, Xiao Li, Erwei Xiang, and Hadrian Geri Djajadikerta “Financial distress, internal control, and earnings management: Evidence from China”. Journal of Contemporary Accounting & Economics, Volume 16, 2020, 100210. https://doi.org/10.1016/j.jcae.2020.100210
[36] Du, Xingqiang, and Shaojuan Lai. 2018. Financial distress, investment opportunity, and the contagion effect of low audit quality: Evidence from China. Journal of Business Ethics, Volume 147, 2018, Pages 565–93. https://doi.org/10.1007/s10551-015-2986-5
[37] Palea, V. “IAS/IFRS and financial reporting quality: Lessons from the European experience. China Journal of Accounting Research”, Volume 6, No. 4, 2013, Pages: 247–263. https://doi.org/10.1016/j.cjar.2013.08.003
[38] Schipper, K. “Earnings Management”. Accounting Horizons, Volume 3, No. 4, 1989, Pages 91–102.
[39] Healy, P. M., & Wahlen, J. M. (1999). “A Review of the earnings management literature and its implications for standard setting”. Accounting Horizons, Volume 13, No 4, 1999, Pages 365–383. https://doi.org/10.2308/acch.1999.13.4.365
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[41] Gill, L. M., & Rosen, C. “IFRS: Coming to America”. Journal of Accountancy, Volume 203, No. 6, 2007,Pages 70–73.
[42] Collins, D. L., Pasewark, W. R., & Riley, M. E. “Financial reporting outcomes under rules-based and principles-based accounting standards”. Accounting Horizons, Vlume 26, No. 4, 2012, Pages 681–705. https://doi.org/10.2308/acch-50266
[43] Schipper, K. “Principles-based accounting standards”. American Accounting Association, Volume 17, No. 1, 2003, Pages 61–72. https://doi.org/10.2308/acch.2003.17.1.61
[44] Elias, N. “The impact of mandatory IFRS adoption on accounting quality: evidence from Australia”. Journal of International Accounting Research, Voume 1, No. 1, 2012, Pages 147–154. https://doi.org/10.2308/jiar-10224
[45] Tendeloo, B. Van, & Vanstraelen, A. “Earnings management under German GAAP versus IFRS”. European Accounting Review, Volume 14, No. 1, 2005, Pages 155–180. https://doi.org/10.1080/0963818042000338988
[46] Zhou, H., Xiong, Y., & Ganguli, G. “Does the adoption of international financial reporting standards restrain earnings management? Evidence from an emerging market”. Academy of Accounting and Financial Studies Journal, Voume 13, No 43. 2009.
[47] Li, J., & Park, S. “Earnings management effects of IFRS adoption and ownership structure: evidence from China”. Korea International Accounting Review, Volume 41, 2012, Pages 121–136. https://www.dbpia.co.kr/Journal/articleDetail?nodeId=NODE01797238
[48] Rudra, T., & Bhattacharjee, D. “Does Ifrs influence earnings management? evidence from India”. Journal of Management Research, Voume 4, No 1, 2012, Pages 1–13. https://doi.org/10.5296/jmr.v4i1.849
[49] Healy, P. M. “The effect of bonus schemes on accounting decisions”. Journal of Accounting and Economics, Volume 7, No.(1–3), 1985, Pages 85–107. https://doi.org/10.1016/0165-4101(85)90029-1
[50] Kothari, S. P., Leone, A. J., & Wasley, C. E. “Performance matched discretionary accrual measures”. Journal of Accounting and Economics, Volume 39, 2005, Pages 163–197. https://doi.org/10.1016/j.jacceco.2004.11.002
[2] Daske, H., Hail, L., Leuz, C., & Verdi, R. “Mandatory IFRS reporting around the world: Early evidence on the economic consequences initiative on global markets”. Journal of Accounting Research, Voume 46, No. 5, 2008, Page 1085–1142. https://doi.org/10.1111/j.1475-679X.2008.00306.x
[3] Barth, M. E. Global financial reporting: Implications for U.S. academics. Accounting Review, Volume 83, No. 5, 2008, Pages 1159–1179. https://doi.org/10.2308/accr.2008.83.5.1159
[4] Liu, C., Yao, L. J., Hu, N., & Liu, L. “The impact of IFRS on accounting quality in a regulated market: An empirical study of China”. Journal of Accounting, Auditing and Finance, Volume 26, No.4, 2011, Pages 659–676. https://doi.org/10.1177/0148558X11409164
[5] Leuz, C., Nanda, D., & Wysocki, P. D. “Earnings management and investor protection : an international comparison”. Journal of Financial Economics, Voume 69, 2003, Pages 505–527. https://doi.org/10.1016/S0304-405X(03)00121-1
[6] Lang, M., Smith, J., & Wilson, W. “Earnings management and cross listing : Are reconciled earnings comparable to US earnings ?”, Journal of Accounting and Economics, Volume 42, 2006, Pages 255–283. https://doi.org/10.1016/j.jacceco.2006.04.005
[7] Larson, R. K., & Street, D. L. “IFRS teaching resources: available and rapidly growing”. Accounting Education, Voume 20, No.4, 2011, Pages 317–338. http://hdl.handle.net/10.1080/09639284.2011.583795
[8] García, M. del P. R., Alejandro, K. A. C., Sáenz, A. B. M., & Sánchez, H. H. G. “Does an IFRS adoption increase value relevance and earnings timeliness in Latin America?”, Emerging Markets Review, Volume 30, 2017, Pages 155–168. https://doi.org/https://doi.org/10.1016/j.ememar.2016.11.001
[9] Hao, J., Sun, M., & Yin, J. “Convergence to IFRS, accounting quality, and the role of regional institutions: Evidence from China”. Asian Review of Accounting, Voume 27, No 1, 2019, Pages 29–48. https://doi.org/10.1108/ARA-01-2017-0008
[10] Scott, W. R. (2015). Financial Accounting Theory (Seventh). Pearson canada Inc.
[11] Doukakis, L. C. “The effect of mandatory IFRS adoption on real and accrual-based earnings management activities”. Journal of Accounting and Public Policy, Vlume 33, No. 6, 2014,Pages 551–572. https://doi.org/10.1016/j.jaccpubpol.2014.08.006
[12] Callao, S., & Jarne, J. I. “Accounting in Europe have IFRS affected earnings management in the European Union?”, Accounting in Europe, Volume 7, No.2, 2010, Pages 159–189. https://doi.org/10.1080/17449480.2010.511896
[13] Murtini, H., & Lusiana. “Earnings management and value relevance before and after the adoption of IFRS in manufacturing Company in Indonesia”. Review of Integrative Business and Economics Research, Volume 5 No.1, 2016, Pages 241–250. (http://buscompress.com/journal-home.html)
[14] Chen, H., Tang, Q., Jiang, Y., & Lin, Z. “The role of international financial reporting standards in accounting quality: Evidence from the European Union”. Journal of International Financial Management and Accounting, Voume 21, No. 3, 2010, Pages 220–278. https://doi.org/10.1111/j.1467-646X.2010.01041.x
[15] Jeanjean, T., & Stolowy, H. “Do accounting standards matter ? An exploratory analysis of earnings management before and after IFRS adoption”. Journal of Accounting and Public Policy, Volume 27, No. 6, 2011, Pages 480–494. https://doi.org/10.1016/j.jaccpubpol.2008.09.008
[16] Ames, D. “IFRS adoption and accounting quality: The case of South Africa”. Journal of Applied Economics & Business Research, Volume 3, No. 3, 2013, Pages 154–165.
[17] Francis, J.; Schipper, K.; Vincent, L. “The Relative and Incremental Explanatory Power of Earnings and Alternative (to Earnings) Performance Measures for Returns”. Contemp. Account. Res., Volume 20, 2003, Pages 121–164. https://doi.org/10.1506/XVQV-NQ4A-08EX-FC8A
[18] Degeorge, F.; Patel, J.; Zeckhauser, R. Earnings Management to Exceed Thresholds. J. Bus. 1999, Volume 72, Pages 1–33. https://doi.org/10.1086/209601
[19] Schipper, K. Earnings management. Account. Horiz. 1989, 3, 91–102.
[20] Kaplan, S.E. “Ethically related judgments by observers of earnings management”. Journal Business Ethics, Volume 32, 2001, Pages 285–298. https://doi.org/10.1023/A:1010600802029
[21] Gonçalves, T.; Gaio, C.; Lélis, C. “Accrual mispricing: Evidence from European sovereign debt crisis”. Res. Int. Bus. Financ. 2020, Volume 52, 101111. https://doi.org/10.1016/j.ribaf.2019.101111
[22] Gonçalves, T.; Coelho, G. “Earnings management during mergers and acquisitions—European evidence”. Eur. J. Econ. Financ. Adm.Sci. 2019, Volume 102, Pages 22–43. http://www.europeanjournalofeconomicsfinanceandadministrativesciences.com
[23] Gaio, C.; Gonçalves, T.; Azevedo, R. “Earnings management: Evidence of listed and unlisted companies in europe”. Innovar, Volume 30, 2020, Pages 77–90. https://doi.org/10.15446/innovar.v30n76.85214
[24] Koch, C., & Schmidt, C. “Disclosing conflicts of interest–do experience and reputation matter?” Accounting, Organizations and Society, 35(1), 2010, Pages 95–107. https://doi.org/10.1016/j.aos.2009.05.001
[25] Desai, H., Hogan, C. E., & Wilkins, M. S. “The reputational penalty for aggressive accounting: Earnings restatements and management turnover”. The Accounting Review, Voume 81, No. 1, 2006, Pages 83–112.
[26] Dyreng, S. D., Hillegeist, S. A., & Penalva, F. “Earnings management to avoid debt covenant violations and future performance”. European Accounting Review, Volume 31, No.2, 2022, Pages 311-343. https://doi.org/10.1080/09638180.2020.1826337
[27] Sovaniski, T. “Influencing of International Accounting Reporting Standards on Quality of Financial Reports”. Available at SSRN 3665457.2020
[28] d’Udekem, Benoit. 2021. “Agency Conflicts and Dividend Persistence”. Journal of Financial Services Research, 2021, Pages 1–28. https://doi.org/10.1007/s10693-021-00348-x
[29] Salehi, Mahdi, Mahmoud Lari DashtBayaz, Somayeh Hassanpour, and Hossein Tarighi. 2020. “The effect of managerial overconfidence on the conditional conservatism and real earnings management”. Journal of Islamic Accounting and Business Research, Volume11, 2020. https://doi.org/10.1108/JIABR-03-2017-0030
[30] Hassan, Shehu Usman, and Abubakar Ahmed. 2012. Corporate governance, earnings management and financial performance: A case of Nigerian manufacturing firms. American International Journal of Contemporary Research 2: 214–26.
[31] Ajina, Aymen, and Aymen Habib. 2017. “Examining the relationship between Earning management and market liquidity”. Research in International Business and Finance, Volume 42, 2017, Pages 1164–72. https://doi.org/10.1016/j.ribaf.2017.07.054
[32] Marchini, Pier Luigi, Tatiana Mazza, and Alice Medioli. “The impact of related party transactions on earnings management: Some insights from the Italian context”. Journal of Management and Governance, Volume 22, 2018, Pages 981–1014. https://doi.org/10.1007/s10997-018-9415-y
[33] Zhang, Wenfang, and Abraham Lincoln Ayisi. “Earnings Management and Corporate Performance: An Empirical Evidence from Ghana”. Research Journal of Finance and Accounting, Volume 11, 2020.
[34] Iatridis, George, and George Kadorinis. Earnings management and firm financial motives: A financial investigation of UK listed firms. International Review of Financial Analysis, Volume 18, Pages 164–73. https://doi.org/10.1016/j.irfa.2009.06.001
[35] Li, Yuanhui, Xiao Li, Erwei Xiang, and Hadrian Geri Djajadikerta “Financial distress, internal control, and earnings management: Evidence from China”. Journal of Contemporary Accounting & Economics, Volume 16, 2020, 100210. https://doi.org/10.1016/j.jcae.2020.100210
[36] Du, Xingqiang, and Shaojuan Lai. 2018. Financial distress, investment opportunity, and the contagion effect of low audit quality: Evidence from China. Journal of Business Ethics, Volume 147, 2018, Pages 565–93. https://doi.org/10.1007/s10551-015-2986-5
[37] Palea, V. “IAS/IFRS and financial reporting quality: Lessons from the European experience. China Journal of Accounting Research”, Volume 6, No. 4, 2013, Pages: 247–263. https://doi.org/10.1016/j.cjar.2013.08.003
[38] Schipper, K. “Earnings Management”. Accounting Horizons, Volume 3, No. 4, 1989, Pages 91–102.
[39] Healy, P. M., & Wahlen, J. M. (1999). “A Review of the earnings management literature and its implications for standard setting”. Accounting Horizons, Volume 13, No 4, 1999, Pages 365–383. https://doi.org/10.2308/acch.1999.13.4.365
[40] Jensen, M. C., & Meckling, W. H. “Theory of the firm: Managerial behaviour, agency costs and ownership structure”. Journal of Financial Economics, Voume 3, 1976, Pages 305–360. https://doi.org/10.1002/9780470752135.ch17
[41] Gill, L. M., & Rosen, C. “IFRS: Coming to America”. Journal of Accountancy, Volume 203, No. 6, 2007,Pages 70–73.
[42] Collins, D. L., Pasewark, W. R., & Riley, M. E. “Financial reporting outcomes under rules-based and principles-based accounting standards”. Accounting Horizons, Vlume 26, No. 4, 2012, Pages 681–705. https://doi.org/10.2308/acch-50266
[43] Schipper, K. “Principles-based accounting standards”. American Accounting Association, Volume 17, No. 1, 2003, Pages 61–72. https://doi.org/10.2308/acch.2003.17.1.61
[44] Elias, N. “The impact of mandatory IFRS adoption on accounting quality: evidence from Australia”. Journal of International Accounting Research, Voume 1, No. 1, 2012, Pages 147–154. https://doi.org/10.2308/jiar-10224
[45] Tendeloo, B. Van, & Vanstraelen, A. “Earnings management under German GAAP versus IFRS”. European Accounting Review, Volume 14, No. 1, 2005, Pages 155–180. https://doi.org/10.1080/0963818042000338988
[46] Zhou, H., Xiong, Y., & Ganguli, G. “Does the adoption of international financial reporting standards restrain earnings management? Evidence from an emerging market”. Academy of Accounting and Financial Studies Journal, Voume 13, No 43. 2009.
[47] Li, J., & Park, S. “Earnings management effects of IFRS adoption and ownership structure: evidence from China”. Korea International Accounting Review, Volume 41, 2012, Pages 121–136. https://www.dbpia.co.kr/Journal/articleDetail?nodeId=NODE01797238
[48] Rudra, T., & Bhattacharjee, D. “Does Ifrs influence earnings management? evidence from India”. Journal of Management Research, Voume 4, No 1, 2012, Pages 1–13. https://doi.org/10.5296/jmr.v4i1.849
[49] Healy, P. M. “The effect of bonus schemes on accounting decisions”. Journal of Accounting and Economics, Volume 7, No.(1–3), 1985, Pages 85–107. https://doi.org/10.1016/0165-4101(85)90029-1
[50] Kothari, S. P., Leone, A. J., & Wasley, C. E. “Performance matched discretionary accrual measures”. Journal of Accounting and Economics, Volume 39, 2005, Pages 163–197. https://doi.org/10.1016/j.jacceco.2004.11.002
Published
2022-10-30
How to Cite
Kurniawati, N. O., & Ratnaningrum, R. (2022). PENGARUH ADOPSI IFRS TERHADAP MANAJEMEN LABA DI INDONESIA. Dinamika: Jurnal Manajemen Sosial Ekonomi, 2(2), 35-44. https://doi.org/10.51903/dinamika.v2i2.195
Section
Articles
