PENGARUH SISTEM HUKUM COMMON LAW DAN CIVIL LAW TERHADAP MANAGEMEN LABA
The objective of this study is to examine empirically the influence of common law legal system and civil law against discretionary revenue (earnings management proxy). The motivation of this research is to reexamine the influence of the legal system on earnings management with different earnings man...
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| Main Authors: | , |
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| Format: | Theses and Dissertations NonPeerReviewed |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2011
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| Subjects: | |
| Online Access: | https://repository.ugm.ac.id/89492/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=51957 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | The objective of this study is to examine empirically the influence of
common law legal system and civil law against discretionary revenue (earnings
management proxy). The motivation of this research is to reexamine the influence
of the legal system on earnings management with different earnings management
methods. The reason the authors are interested in reviewing the legal system on
earnings management is to get empirical evidence of the influence of the legal
system on earnings management with discretionary revenue measurement method
(Stubben, 2010). Previous studies using the model of aggregate accruals and real
earnings management model as a measure of earnings management variables.
This is different from previous research because specific uses revenue as a
measure of discretionary accruals earnings management.
The population in this study were all manufacturing companies listed on
stock exchanges of Australia, the UK (common law) and France, Germany,
Finland (Civil law). Study period was from 2007 until 2010. The number of
overall sample is 1.564 observations. The hypothesis states that earnings
management with a specific method of accrual on companies in countries with
common law legal system is lower than firms in countries with civil law legal
system. After testing for earnings management with data pooled times series
cross-section, is found supported the hypothesis. Legal system that causes the
high and low investor protection of a country influence the selection of earnings
management methods. Investor protection is high (common law), earnings
management using accruals manipulation is lower compared with low investor
protection (civil law). |
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