Vesti Warohmah, Rosyid Nur Anggara Putra

Pengaruh Struktur Kepemilikan dan Income Smoothing pada Keinformatifan Laba Akuntansi

Introduction

Pengaruh struktur kepemilikan dan income smoothing pada keinformatifan laba akuntansi. Analisis pengaruh struktur kepemilikan dan income smoothing pada keinformatifan laba akuntansi perusahaan manufaktur di ISSI 2016-2020. Income smoothing merusak transparansi laba.

Abstract

Angka akuntansi di pasar negara berkembang kurang informatif tentang nilai ekonomi perusahaan dibandingkan dengan angka di negara maju. Sehingga keinformatifan laba terus menjadi masalah yang menantang bagi para investor, analis keuangan, manajemen dan peneliti akademis. Penelitian ini bertujuan untuk mengetahui pengaruh struktur kepemilikan perusahaan dan income smoothing terhadap keinformatifan laba akuntansi pada perusahaan manufaktur yang telah terdaftar di Indeks Saham Syariah Indonesia (ISSI) pada tahun 2016-2020. Sampel dalam penelitian ini yaitu perusahaan manufaktur yang memenuhi kriteria tertentu yang ditentukan menggunakan purposive sampling dengan jumlah sampel penelitian sebanyak 165 data observasi. Teknik analisis data yang digunakan yaitu analisis regresi berganda yang diolah menggunakan e-views9. Hasil penelitian menunjukan bahwa struktur kepemilikan tidak berpengaruh terhadap keinformatifan laba, sedangkan income smoothing berpengaruh secara negatif terhadap keinformatifan laba. Hasil ini mendukung teori keagenan dan teori sinyal yang mana income smoothing yang dilakukan manajemen merusak transparansi dan menurunkan nilai guna informasi juga memberikan sinyal negatif mengenai ketidakpastian laba dimasa datang sehingga mengurangi kekuatan respon investor dan menurunkan keinformatifan laba.

Review

This paper addresses a crucial and timely topic concerning the informativeness of accounting earnings, an issue particularly pertinent in emerging markets where financial reporting quality often presents unique challenges compared to developed economies. The study's objective is clearly defined: to ascertain the impact of corporate ownership structure and income smoothing on the informativeness of accounting earnings. Focusing on manufacturing companies listed on the Indonesia Sharia Stock Index (ISSI) from 2016 to 2020, the research employs a quantitative methodology, utilizing purposive sampling to gather 165 observation data points and applying multiple regression analysis via E-views9. The findings reveal a differentiated influence of the investigated variables. Notably, the study concludes that ownership structure does not exert a significant effect on the informativeness of accounting earnings. Conversely, income smoothing is identified as having a statistically significant negative influence, actively diminishing earnings informativeness. This outcome is effectively positioned within established theoretical frameworks, with the authors linking it to Agency Theory and Signaling Theory. They argue that management's engagement in income smoothing impairs transparency, reduces the utility of financial information, and sends adverse signals regarding future earnings stability, ultimately weakening investor confidence and response, thereby lowering the overall informativeness of the reported earnings. The research provides valuable empirical insights into the dynamics of financial reporting quality within an emerging market context, specifically highlighting the detrimental role of income smoothing. While the abstract effectively outlines the problem, methodology, and key conclusions, a full manuscript would be expected to elaborate on the specific operationalization and measurement of variables for ownership structure, income smoothing, and earnings informativeness. Further discussion on why ownership structure showed no significant effect, perhaps considering different types or concentrations of ownership, would enhance the analysis. This study serves as a solid foundation for future research, which could explore mediating factors, alternative market settings, or conduct robustness tests to validate these findings across broader contexts.

Full Text

Comments

You need to be logged in to post a comment.