The Impact of The CG Scorecard on Earning Management with Firm’s Characteristics as a Variable Intervening

Rieke Pernamasari, G. Fitria, N. Ahmad
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Abstract

This study aims to examine the effect of the CG Scorecard on Earnings Management with company characteristics as an intervening variable. The population and sample are public companies in Indonesia and Malaysia listed on the Asean Star Index, 2016-2018. CG Scorecard is measured using the ASEAN Score Card, earnings management is measured based on the accrual of working capital to sales while intervening variables are measured using company characteristics through leverage. The analysis model is the Structural Equation Modeling Partial Least Square (SEM PLS). The results showed that the direct relationship between GCG variables with earnings management is smaller than the relationship between GCG and earnings management through leverage variables. These results conclude that although in the short term investors do not really value the leverage rate as an investment indicator, if high debt comes from capital and continues to increase, it can be used as a signal for principals because it can be indicated earnings management actions occur. Therefore good corporate governance is one factor that can reduce agency conflict, thereby minimizing earnings management actions.
以企业特征为变量干预的CG记分卡对盈余管理的影响
本研究以公司特征为中介变量,探讨CG记分卡对盈余管理的影响。人口和样本是2016-2018年在东盟之星指数中上市的印度尼西亚和马来西亚的上市公司。CG记分卡使用东盟记分卡进行测量,盈余管理是基于营运资金对销售额的应计额进行测量,而干预变量是通过杠杆使用公司特征进行测量的。分析模型为结构方程偏最小二乘法(SEM PLS)。结果表明,GCG变量与盈余管理之间的直接关系小于通过杠杆变量与盈余管理之间的关系。这些结果表明,虽然短期内投资者并不真正重视杠杆率作为投资指标,但如果高负债来自资本并持续增加,它可以作为委托人的信号,因为它可以表明盈余管理行为的发生。因此,良好的公司治理是减少代理冲突的一个因素,从而最大限度地减少盈余管理行为。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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