Relationship Between Financial Distress and Earnings Management
Abstract
Riset ini mencoba untuk menguji korelasi antara kesulitan keuangan perusahaan dan manipulasi laporan keuangan dengan menggunakan teknik manajemen laba. Selain itu, penelitian ini juga bermaksud untuk mengungkap hubungan antara kesulitan keuangan dan manajemen laba. Altman Z-score digunakan untuk mengevaluasi kondisi kesehatan keuangan perusahaan, sedangkan Beneish M-score dan model Jones yang dimodifikasi digunakan untuk memastikan adanya praktik manajemen laba. Laporan keuangan untuk periode 2018-2022 dari 567 perusahaan di Bursa Efek Indonesia dikumpulkan sebagai sampel berdasarkan mekanisme purposive sampling. Uji chi-square Pearson, uji Cramer's V, dan analisis korespondensi diterapkan guna menguji hipotesis yang ada. Buah dari riset ini membawa hasil yakni adanya kaitan antara financial distress dan praktik manajemen laba. Selain itu, perusahaan yang berada di zona abu-abu dan zona sehat lebih cenderung melakukan manipulasi laba. Penelitian ini mengimplikasikan bahwa financial distress dan manajemen laba dapat diukur dan dideteksi oleh siapa saja sehingga seluruh pengguna laporan keuangan tidak akan dirugikan ketika terjadi kecurangan.
References
Altman, E. I. (1983). Corporate financial distress : a complete guide to predicting, avoiding, and dealing with bankruptcy. https://api.semanticscholar.org/CorpusID:166991892
Bae, S. M., Masud, M. A. K., & Kim, J. D. (2018). A cross-country investigation of corporate governance and corporate sustainability disclosure: A signaling theory perspective. Sustainability (Switzerland), 10(8). https://doi.org/10.3390/su10082611
Beneish, M. D. (1999). The Detection of Earnings Manipulation. Financial Analysts Journal, 55(5), 24–36. http://www.jstor.org/stable/4480190
Boateng, S. L. (2019). Online relationship marketing and customer loyalty: a signaling theory perspective. International Journal of Bank Marketing, 37(1), 226–240. https://doi.org/10.1108/IJBM-01-2018-0009
Christian, N., Resnika, Yukie, H., Sitorus, R., Angelina, V., Sherly, & Febrika. (2022). Pendeteksian Fraudulent Financial Reporting dengan Earnings Manipulation Financial Shenanigans: Studi Kasus PT Envy Technologies Indonesia Tbk. Jurnal Ilmiah Akuntansi Dan Bisnis, 7(1), 2528–1216. https://doi.org/10.38043/jiab.v7i1.3543
Christy, Y. E., & Stephanus, D. S. (2018). Pendeteksian Kecurangan Laporan Keuangan dengan Beneish M-Score pada Perusahaan Perbankan Terbuka. Jurnal Akuntansi Bisnis, 16(1), 19–41. https://doi.org/10.24167/jab.v16i2.1560
CNN Indonesia. (2019, April 30). Kronologi Kisruh Laporan Keuangan Garuda Indonesia. CNN Indonesia. https://www.cnnindonesia.com/ekonomi/20190430174733-92-390927/kronologi-kisruh-laporan-keuangan-garuda-indonesia
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting Earnings Management. The Accounting Review, 70, 193–225. https://www.jstor.org/stable/248303
Gavurova, B., Ivankova, V., Rigelsky, M., & Privarova, M. (2020). Relations Between Tourism Spending and Global Competitiveness: an Empirical Study in Developed OECD Countries. Journal of Tourism and Services, 11(21), 38–54. https://doi.org/10.29036/jots.v11i21.175
Hutagaol, Y. R. T., Sinurat, R. P. P., & Shalahuddin, S. M. (2022). Strategi Penguatan Keuangan Negara Dalam Menghadapi Ancaman Resesi Global 2023 Melalui Green Economy. Jurnal Pajak Dan Keuangan Negara, 4(1S), 378–385. https://doi.org/10.31092/JPKN.V4I1S.1911
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. In Journal of Financial Economics (Vol. 3). Q North-Holland Publishing Company. https://doi.org/10.1016/0304-405X(76)90026-X
Kamau, C., Banafa, A., & Kariuki, S. (2022). Correlation between Earnings Management and Financial Distress among Selected Firms in Kenya. https://doi.org/10.21203/rs.3.rs-1643310/v3
Kristanti, F. T. (2019). Financial Distress : Teori dan Perkembangannya Dalam Konteks Indonesia. Inteligensia Media.
Kurniawan, F., Pusparini, N. O., Amanati, H. T., & Nugroho, A. H. L. (2022). A Cross Country Analysis of Financial Conditions and Earnings Management. Journal of Accounting and Strategic Finance, 5(1), 134–150. https://doi.org/10.33005/jasf.v5i1.256
Li, Y., Li, X., Xiang, E., & Geri Djajadikerta, H. (2020). Financial distress, internal control, and earnings management: Evidence from China. Journal of Contemporary Accounting and Economics, 16(3). https://doi.org/10.1016/j.jcae.2020.100210
Qisthi, D., Suhadak, & Handayani, S. R. (2013). Analisis X-Score (Model Zmijewski) untuk Memprediksi Gejala Kebangkrutan Perusahaan. Jurnal Administrasi Bisnis, 1(2), 68–77. http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/41
Rambe, D. N. S., & Aslami, N. (2022). Analisis Strategi Pemasaran Dalam Pasar Global. El-Mujtama: Jurnal Pengabdian Masyarakat, 1(2), 213–223. https://doi.org/10.47467/elmujtama.v1i2.853
Siekelova, A. (2021). The Impact of the Financial Stability on the Earnings Management Practices. SHS Web of Conferences, 129, 03028. https://doi.org/10.1051/shsconf/202112903028
Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010
Sulistyanto, S. (2018). Manajemen Laba: Teori dan Model Empiris (Vol. 2). PT Grasindo.
Valaskova, K., Androniceanu, A. M., Zvarikova, K., & Olah, J. (2021). Bonds between Earnings Management and Corporate Financial Stability in the Context of the Competitive Ability of Enterprises. Journal of Competitiveness, 13(4), 167–184. https://doi.org/10.7441/JOC.2021.04.10
Wulandari, D. I. (2022). Peningkatan Perekonomian di Indonesia Melalui Pasar Bebas. Jurnal Inovasi Sektor Publik, 2(1). http://jurnal.uwp.ac.id/fisip/index.php/jisp/article/view/123
Bae, S. M., Masud, M. A. K., & Kim, J. D. (2018). A cross-country investigation of corporate governance and corporate sustainability disclosure: A signaling theory perspective. Sustainability (Switzerland), 10(8). https://doi.org/10.3390/su10082611
Beneish, M. D. (1999). The Detection of Earnings Manipulation. Financial Analysts Journal, 55(5), 24–36. http://www.jstor.org/stable/4480190
Boateng, S. L. (2019). Online relationship marketing and customer loyalty: a signaling theory perspective. International Journal of Bank Marketing, 37(1), 226–240. https://doi.org/10.1108/IJBM-01-2018-0009
Christian, N., Resnika, Yukie, H., Sitorus, R., Angelina, V., Sherly, & Febrika. (2022). Pendeteksian Fraudulent Financial Reporting dengan Earnings Manipulation Financial Shenanigans: Studi Kasus PT Envy Technologies Indonesia Tbk. Jurnal Ilmiah Akuntansi Dan Bisnis, 7(1), 2528–1216. https://doi.org/10.38043/jiab.v7i1.3543
Christy, Y. E., & Stephanus, D. S. (2018). Pendeteksian Kecurangan Laporan Keuangan dengan Beneish M-Score pada Perusahaan Perbankan Terbuka. Jurnal Akuntansi Bisnis, 16(1), 19–41. https://doi.org/10.24167/jab.v16i2.1560
CNN Indonesia. (2019, April 30). Kronologi Kisruh Laporan Keuangan Garuda Indonesia. CNN Indonesia. https://www.cnnindonesia.com/ekonomi/20190430174733-92-390927/kronologi-kisruh-laporan-keuangan-garuda-indonesia
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting Earnings Management. The Accounting Review, 70, 193–225. https://www.jstor.org/stable/248303
Gavurova, B., Ivankova, V., Rigelsky, M., & Privarova, M. (2020). Relations Between Tourism Spending and Global Competitiveness: an Empirical Study in Developed OECD Countries. Journal of Tourism and Services, 11(21), 38–54. https://doi.org/10.29036/jots.v11i21.175
Hutagaol, Y. R. T., Sinurat, R. P. P., & Shalahuddin, S. M. (2022). Strategi Penguatan Keuangan Negara Dalam Menghadapi Ancaman Resesi Global 2023 Melalui Green Economy. Jurnal Pajak Dan Keuangan Negara, 4(1S), 378–385. https://doi.org/10.31092/JPKN.V4I1S.1911
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. In Journal of Financial Economics (Vol. 3). Q North-Holland Publishing Company. https://doi.org/10.1016/0304-405X(76)90026-X
Kamau, C., Banafa, A., & Kariuki, S. (2022). Correlation between Earnings Management and Financial Distress among Selected Firms in Kenya. https://doi.org/10.21203/rs.3.rs-1643310/v3
Kristanti, F. T. (2019). Financial Distress : Teori dan Perkembangannya Dalam Konteks Indonesia. Inteligensia Media.
Kurniawan, F., Pusparini, N. O., Amanati, H. T., & Nugroho, A. H. L. (2022). A Cross Country Analysis of Financial Conditions and Earnings Management. Journal of Accounting and Strategic Finance, 5(1), 134–150. https://doi.org/10.33005/jasf.v5i1.256
Li, Y., Li, X., Xiang, E., & Geri Djajadikerta, H. (2020). Financial distress, internal control, and earnings management: Evidence from China. Journal of Contemporary Accounting and Economics, 16(3). https://doi.org/10.1016/j.jcae.2020.100210
Qisthi, D., Suhadak, & Handayani, S. R. (2013). Analisis X-Score (Model Zmijewski) untuk Memprediksi Gejala Kebangkrutan Perusahaan. Jurnal Administrasi Bisnis, 1(2), 68–77. http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/41
Rambe, D. N. S., & Aslami, N. (2022). Analisis Strategi Pemasaran Dalam Pasar Global. El-Mujtama: Jurnal Pengabdian Masyarakat, 1(2), 213–223. https://doi.org/10.47467/elmujtama.v1i2.853
Siekelova, A. (2021). The Impact of the Financial Stability on the Earnings Management Practices. SHS Web of Conferences, 129, 03028. https://doi.org/10.1051/shsconf/202112903028
Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010
Sulistyanto, S. (2018). Manajemen Laba: Teori dan Model Empiris (Vol. 2). PT Grasindo.
Valaskova, K., Androniceanu, A. M., Zvarikova, K., & Olah, J. (2021). Bonds between Earnings Management and Corporate Financial Stability in the Context of the Competitive Ability of Enterprises. Journal of Competitiveness, 13(4), 167–184. https://doi.org/10.7441/JOC.2021.04.10
Wulandari, D. I. (2022). Peningkatan Perekonomian di Indonesia Melalui Pasar Bebas. Jurnal Inovasi Sektor Publik, 2(1). http://jurnal.uwp.ac.id/fisip/index.php/jisp/article/view/123
Published
2024-06-11
How to Cite
AZAHRO, Inayatul Sabilla; SURYANINGRUM, Diah Hari.
Relationship Between Financial Distress and Earnings Management.
SAR (Soedirman Accounting Review) : Journal of Accounting and Business, [S.l.], v. 9, n. 01, p. 76 - 87, june 2024.
ISSN 2598-0718.
Available at: <https://jos.unsoed.ac.id/index.php/sar/article/view/11891>. Date accessed: 18 sep. 2025.
doi: https://doi.org/10.32424/1.sar.2024.9.01.11891.
Section
Articles
.jpg)
