PENGARUH KEMAMPUAN MANAJERIAL DAN KONEKSI POLITIK TERHADAP REAKSI INVESTOR DENGAN KECURANGAN LAPORAN KEUNGAN SEBAGAI VARIABEL MEDIASI

Main Article Content

Leonardus Matangkin
Suwandi Ng
Ana Mardiana

Keywords

Managerial Ability, Fraudulent Financial Reporting, Political Connection, Investor Reaction

Abstract

This study aims to investigate the effect of managerial ability and political connections on fraudulent financial reporting, to investigate the effect of fraudulent financial reporting, managerial ability, and political connections on investor reaction, and aslo to investigate the effect of managerial ability and political connections on investor reactionmediated by fraudulent financial reporting.
This study uses the whole company public listed in Indonesia Stock Exchange period 2015-2017, selected by purposive sampling method, which selects 134 firms each year,and using secondary data, i.e. the annual report and financial statements. The analytical method used is path analysis and hypothesis mediation analysed by using Sobel test.
The results shows that managerial ability has a negative and significant impact on fraudulent financial reporting. Political connections have a positive and significant impact on fraudulent financial reporting and fraudulent financial reporting has a negative and significant impact on investor reaction. Managerial ability has a positive and significant impact on investor reaction and political connections has a negative and significant on investor reaction.This study also shows that fraudulent financial reporting play a role in mediating managerial ability on investor reaction, while fraudulent financial reporting do not play a role in mediating political connections on investor reaction.

Abstract 367 | PDF Downloads 0

References

Bandi, & Jogiyanto. (1999). Perilaku Reaksi Harga dan Volume Perdagangan Saham Terhadap Pengumuman Dividen. Jurnal Ekonomi Akuntansi. UNS
Baridwan, Z. (2010). Intermediate Accounting. Edisi kedelapan Cetakan ketiga. Yogyakarta: BPFE.
Basu, S. (1977). Investment Performance of Common Stocks in Relation to Their Price-Earnings Ratios: A Test of The Efficient Market Hypothesis. Journal of Finance. Vo. 32 No. 3 Pp663-682.
Brown, S. J., & Warner, J. B. (1980). Measuring Security Price Performance. Journal of Economics 8. Pp 205-258.
Budiman, Ferry, & Supatmi. (2008). Pengaruh Pengumaman Sustainability Reporting Award (ISRA) terhadap Abnormal Return dan Volume Perdagangan Saham. Simposium Nasional Akuntansi XII Palembang.
Christian, I. (2004). Reaksi Investor atas Pengumuman Dividen Terhadap Abnormal Return dan Volume Perdagangan Saham. Tesis. Magister Manajemen, Universitas Widyatama.
Demerjian , R. P., Lewis, M. F., McVay, S. E. (2012). Managerial Ability and Earnings Management. The Accounting Review.
David, S. (2013). Pengaruh Kecakapan Manajerial Terhadap Manajemen Laba Dengan Komposisi Dewan Komisaris Sebagai Variabel Pemoderasi.
Eisenhardt, K. M. (1989). Agency Theory: An Assessment and Review. Academy of Management Review, 14 (1), 57-74.
Faccio, M. (2006). Politically Connected Firms. American Economic Review, 96 (1):369-386.
Fama, E. F. (1980). Agency Problem and Theory of the Firm. The Journal of Political Economy. Vol. 88, No. 2, 288-307 .
Ferdiansyah, & Purnamasari. (2012). Pengaruh Manajemen Laba Terhadap Return Saham Dengan Kecerdasan Investor Sebagai Variabel Moderating.
Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. London: Pitman Publishing Inc.
Ghozali, H. I. (2012). Aplikasi Analisis Multivariate dengan Program IBM SPSS 20. Semarang: Universitas Diponegoro.
Harrison, J. S., & Andrew, C. W. (2013). Stakeholder Theory, Value and Firm Performance. Business Ethics Quarterly, 23 (1), 97-124.
Hasnan, S., & Rashidah, A. R. (2006). Management Predisposition, Motive, Opportunity, and Earnings Management for.
Indrayanti, & Wirakusuma, M. (2016). Pengaruh Manajemen Laba Pada Return Saham Dengan Kualitas Audit Dan Corporate Governance Sebagai Variabel Pemoderasi.
Isnugrahadi, I., & Kusuma, I. W. (2009). Pengaruh Kecakapan Manajerial Terhadap Manajemen Laba dengan Kualitas Auditor sebagai Variabel Pemoderasi. Simposium Nasional Akuntansi XII.
Jensen, M. C., & William, H. M. (2006). Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3 (4), 305-360.
Karpoff, J. M., Lee, D. S., & Martin, G. S. (2008). The Cost to Firms of Cooking the Books.
Krishnan, G. V., & Wang, C. (2015). The relation between managerial ability, and audit fees and going concern opinion. Audit.: J. Pract. Theory 34 (3), 139–160.
Libby, R., & Luft, J. (1993). Determinants of Judgment Performance in Accounting Setting: Ability, Knowledge, Motivation and Environment. Accounting, Organizations and Society, 18 (5), 425-450 .
Ng, S., & Daromes, F. E. (2016). Peran Kemampuan Manajerial sebagai Mekanisme Peningkatan Kualitas Laba dan Nilai Perusahaan. Jurnal Akuntansi dan Keuangan Indonesia, 13(2), 174-193.
Purwoto, L. (2011). Pengaruh Koneksi Politis, Kepemilikan Pemerintah, Dan Keburaman Laporan Keuangan Terhadap Kesinkronan Dan Risiko Crash Harga Saham.
Rezaee, Z. (2002). Financial Statement Fraud: Prevention and Detection. New York : John Wiley and Sons,Inc.
Scott, W. R. (2000). Financial Accounting Theory. Second Ed., Prentice-Hall International, Inc. Singapore, New Jersey.
Simamora, A. (2013). Pengaruh kecakapan manajerial terhadap nilai perusahaan dengan kepemilikan manajerial sebagai variabel pemoserasi.
Sobel, R. S., & Anderson, R. L. (2014). The Relationship Between Political Connections and The Financial Performance of Industries and Firms. George Mason University .
Suhartono, & Sany. (2015). Pengaruh Political Connection Dewan Direksi Dan Dewan Komisaris Terhadap Return On Equity Dan Asset Turnover Perusahaan Di Sektor Konstruksi.
Utami, R. (2013). Pengaruh Kecakapan Manajerial Terhadap Manajemen Laba Dengan Kualitas Auditor Sebagai Variabel Pemoderasi.
Wang, Z. (2017). Managerial ability, political connections, and fraudulent financial reporting in China.
Wijantini. (2007). A test of the relationship between Political connection and indirect costs of Financial Distress in Indonesia.
Willingham, J. J., & Robert, K. E. (1980). Management Fraud-Detection and Deterrence.
Wulandari, L. (2015). Pengaruh Political Connection Pada Dewan Komisaris Dan Dewan Direksi Terhadap Kinerja Perusahaan Sektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode Tahun 2010-2014.
Wulandari, T. (2013). Analisis Pengaruh Political Connection dan Struktur Kepemilikan Terhadap Kinerja Perusahaan. Diponegoro Journal Of Accounting, Vol. 2, No. 1, Hal. 1-12.
Zsolnai, L. (2006). Extended Stakeholder Theory. Society and Business Review, 1(1), 37-44.

Most read articles by the same author(s)