Abstract
This study examines the effect of earnings management on corporate social responsibility disclosure (CSR) with corporate governance mechanism as moderating variable. The size of the audit committee, the number of boards of commissioners, and the majority shareholding are the proxies of corporate governance. The tests used data obtained from all companies listed in the Jakarta Islamic Index (JII) during the period 2011-201. Data analysis was done by panel data analysis technique. The results showed that earnings management proved to have no effect on CSR disclosure. The size of the audit committee, the number of boards of commissioners, and the majority share ownership proved unable to moderate the relationship between earnings management and CSR disclosure. The implication of this research found that companies listed in JII are worthy of consideration as a company that is in accordance with Islamic sharia due to the minimum practice of earnings management. The variables of earnings management, corporate governance, and interaction results can explain the extent of CSR disclosure in companies listed in JII during the period 2011-2015 amounting to 41.94%.
[Penelitian ini menguji pengaruh manajemen laba terhadap pengungkapan corporate social responsibility (CSR) dengan mekanisme corporate governance sebagai pemoderasi. Ukuran komite audit, jumlah dewan komisaris, dan kepemilikan saham mayoritas adalah proksi dari corporate governance. Pengujian menggunakan data yang diperoleh dari seluruh perusahaan yang terdaftar di Jakarta Islamic Index (JII) selama periode 2011-2015. Analisis data dilakukan dengan teknik analisis data panel. Hasil penelitian menunjukan bahwa manajemen laba terbukti tidak berpengaruh terhadap pengungkapan CSR. Ukuran komite audit, jumlah dewan komisaris, dan kepemilikan saham mayoritas terbukti tidak mampu memoderasi hubungan manajemen laba terhadap pengungkapan CSR. Implikasi temuan penelitian ini adalah perusahaan yang terdaftar di JII layak dipertimbangkan sebagai perusahaan yang sudah sesuai dengan syariah islam karena minimalnya praktik manajemen laba. Variabel manajemen laba, corporate governance, serta hasil interaksi keduanya dapat menjelaskan luas pengungkapan CSR pada perusahaan yang terdaftar di JII selama periode 2011-2015 sebesar 41,94%.]
References
Arifin, Z. (2005). Teori Keuangan dan Pasar Modal. Yogyakarta: Ekonisia.
Boediono, G. S. (2005). Kualitas Laba: Studi Pengaruh Mekanisme Corporate Governance dan Dampak Manajemen Laba dengan Menggunakan Analisis Jalur. Simposium Nasional Akuntansi VIII, 172.
Brammer, S., & Pavelin, S. (2006). Voluntary Environmental Disclosure by Large UK Companies. Journal of Business Finance & Accounting, 1168-1188.
Castello, M., & Lima, L. (2006). Corporate Social Responsibility and Resource Based Perspective. Journal of Business Ethics, 111-132.
Claessens, S., Djankov, S., & Lang, L. H. (2000). The Separation of Ownership and Control in East Asian Corporations. Journal of Financial Economics, LVIII, 81-112.
Forum for Corporate Governance in Indonesia. (n.d.). Seri Tata Kelola Perusahaan (Corporate Governance) Jilid II; Peranan Dewan Komisarism dan Komite Audit dalam Pelaksanaan Corporate Governance
Hadi, N. (2011). Corporate Social Responsibility. Yogyakarta: Graha Ilmu.
Hadi, S. (2006). Metodologi Penelitian Kuantitatif untuk Akuntansi dan Keuangan. Yogyakarta: Ekonisia. 365-383.
Jamail, D., Safieddine, A., & Rabbath, M. (2008). Corporate Governance and Corporate Social Responsibility Sinergesis and Interrelationship Corporate Governance: An International Review Volume 16 (5), 443-459.
Muhammad, & Fauroni, R. L. (2002). Visi Al-Quran tentang Etika dan Bisnis. Jakarta: Salemba Diniyah.
Sartono, R. A. (1994). Manajemen Keuangan : Teori dan Aplikasi. Yogyakarta: BPFE.
Sembiring, E. R. (2005). Karakteristik Perusahaan dan Pengungkapan Tanggung Jawab Sosial: Studi Empiris pada Perusahaan yang tercatat di Bursa Efek Jakarta. Simposium Nasional Akuntansi VIII, 379-395.
Siallagan, H., & Machfoedz, M. (2006). Mekanisme Corporate Governance, Kulaitas Laba dan Nilai Perusahaan. Simposium Nasional Akuntansi IX, 1-23.
Siregar, S. V., & Utama, S. (2005). Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, dan Praktek Corporate Governance terhadap Pengelolaan Laba (Earnings Management). Simposium Nasional Akuntansi VIII, 475.
Sugiyono. (2008). Metode Penelitian Bisnis. Bandung: Alfabeta.
Suharto, E. (2009). Pekerjaan Sosial di Dunia Industri Memperkuat CSR Bandung: Alfabeta.
Sun, N., Salama, A., Hussainey, K., & Habbash, M. (2010). Corporate Environmental Disclosure, Corporate Governance and Earnings Management Managerial Auditing Journal, 679-700.
Untung, H. B. (2007). Corporate Social Responsibility. Jakarta: Sinar Grafika.
Wardhani, R. (2007). Mekanisme Corporate Governance dalam Perusahaan yang Mengalami Permasalahan Keuangan. Jurnal Akuntansi dan Keuangan Indonesia, 95-114.
Weston, J. F., & Brigham, E. F. (1998). Dasar-dasar Manajemen Keuangan.Jakarta: Erlangga.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.