PENGARUH MANAJEMEN LABA AKRUAL DAN MANAJEMEN LABA RIIL TERHADAP NILAI PERUSAHAAN

Abstract

The purpose of this research is to find out the influence of accrual earnings management and real earnings management to the firm value. The earning management variable which is measured by using discretionary accrual and revenue discretionary whereas real earnings management which is measured by using operating cash flow, production cost, and discretionary cost and firm value is measured by using Tobin’s Q. The secondary data has been applied in this research and it has been carried out by using purposive sampling to the 95 samples of 19 sub consumer goods manufacturing companies which are listed in Indonesia Stock Exchange from 2011 to 2015. The analysis method has been done by using some methods i.e. classic assumption test, multiple linear regressions analysis, and hypothesis test. The result of multiple linear regressions shows that discretionary cost variable (DSR) and operating cash flow variable (CFO) give positive influence to the firm value; discretionary accrual (DAC) give negative influence to the firm value whereas revenue discretionary variable (AR) and production cost variable (PRD) does not have any influence to the firm value.
Keywords: Discretionary accrual, operating cash flow, production cost, discretionary cost, and firm va