The Influence of Corporate Attributes, Governance Practices, and Audit Quality on Earnings Management: Evidence from Indonesian Firms
Authors
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Lulu hardina
Department of Accounting, Faculty of Economics, Universitas Muhammadiyah Surakarta, Surakarta, Indonesia
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Sasongko Tri Utomo
Department of Accounting, Faculty of Economics, Universitas Muhammadiyah Surakarta, Surakarta, Indonesia
DOI:
https://doi.org/10.69725/ami.v1i1.97
Keywords:
Company Characteristics, Corporate Governance, Audit Quality, Earnings Management, Agency TheoryAbstract
Purpose: This study investigates how financial and governance factors influence earnings management in manufacturing firms on the Indonesian Stock Exchange.
Method: A purposive sampling method analyzed 192 data points from 64 firms using multiple regression analysis.
Findings: The analysis reveals that return on assets, financial leverage, free cash flow, and sales growth significantly affect earnings management. Specifically, higher return on assets correlates with increased earnings management, while greater financial leverage and free cash flow reduce it. Sales growth also inversely impacts earnings management. Conversely, variables such as firm size, managerial ownership, institutional ownership, board size, audit committee, and audit quality did not show significant effects.
Novelty: This study provides new insights into how specific financial indicators and governance structures impact earnings management, focusing on a distinct market context in Indonesia.
Implications: Financial celebrate and financial leverage need to be focused by the firm respectively in order for them toward minimizing earnings manipulation as indicated from this finding. These are also some of the factors policymakers and investors must weigh when they consider companies' financial soundness. Further, the non-significance of some governance variables in affecting earnings management underscores the necessity to explore how different types of governance mechanisms affect earnings quality across settings.
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