Alex Johanes Simamora



This research is aimed to examine the moderating effect of the cost of earnings management on the relationship between earnings management and future earnings. Research samples are manufacture companies listed in Indonesia Stock Exchange 2013-2015. The cost of accruals earnings management is auditor quality, while the costs of real earnings management are the market share and financial health. Based on the fixed effect regression test, auditor quality strengthens the positive effect of accruals earnings management on future performance, while market share and financial health weaken the negative effect of real earnings management on future earnings. It indicates that in the context of efficient contracting, high quality auditor provide better signal for earnings prediction compared to the low quality auditor. In addition, higher market share and higher financial health limit opportunistic real earnings management to reduce future earnings.


Penelitian ini bertujuan untuk menguji efek pemoderasi biaya manajemen laba terhadap hubungan antara management laba dan laba masa depan. Sampel penelitian yaitu perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia 2013-2015. Biaya manajamen laba akrual yaitu kualitas auditor, sedangkan biaya manajemen laba riil yaitu pangsa pasar dan kesehatan keuangan. Berdasarkan uji regresi fixed effect, kualitas auditor memperkuat pengaruh positif manajemen laba akrual terhadap laba masa depan, sementara pangsa pasar dan kesehatan keuangan memperlemah pengaruh negatif manajemen laba riil terhadap laba masa depan. Hal tersebut mengindikasikan bahwa dalam konteks efisien, auditor berkualitas tinggi membuat manajemen laba akrual memberi sinyal yang lebih kuat untuk memprediksi laba masa depan dibandingkan dengan auditor berkualitas rendah. Pangsa pasar dan kesehatan keuangan yang lebih tinggi membatasi praktik manajemen laba riil oportunis yang menurunkan laba masa depan.


Earnings Management, Cost Of Earnings Management, Future Earnings, Opportunist, Signaling; Manajemen Laba, Biaya Manajemen Laba, Laba Masa Depan, Oportunis, Pensinyalan

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