Karjono Karjono, Agoestina Mappadang

Peran Mediasi Profitabilitas Terhadap Pengaruh Leverage Dan Ukuran Perusahaan Terhadap Manajemen Laba Riil

Introduction

Peran mediasi profitabilitas terhadap pengaruh leverage dan ukuran perusahaan terhadap manajemen laba riil. Menganalisis peran mediasi profitabilitas pada manajemen laba riil yang dipengaruhi leverage dan ukuran perusahaan. Studi kasus industri makanan olahan Indonesia 2019-2023.

Abstract

By examining operating cash flow anomalies and examining how profitability mediates the impact of leverage and firm size, this study evaluates actual earnings management. Data was gathered from 19 issuers in the processed food sub-industry that, between 2019 and 2023, were listed on the Indonesia Stock Exchange in order to accomplish this. The investigation made use of path analysis and OLS regression. assessing the intensity of the observed mediating role using the Jamovi V.2.4.8 program. Our results imply that the link between leverage, firm size, and real earnings management is not substantially mediated by profitability. However, it was discovered that genuine earnings management was significantly harmed by profitability. Leverage is essential for increasing profitability, but firm size had no discernible impact. Moreover, there was little clear correlation between business size and leverage and real earnings management. These results have important ramifications for investors, regulators, and management since they improve their comprehension of the variables influencing a company's true profits management tactics and provide direction for further study in the domains of accounting and financial management.

Review

This study investigates the complex interplay between leverage, firm size, profitability, and real earnings management within the Indonesian processed food sub-industry. The primary objective was to assess the mediating role of profitability in the relationship between leverage, firm size, and real earnings management, utilizing operating cash flow anomalies as a key indicator. The authors gathered data from 19 issuers listed on the Indonesia Stock Exchange between 2019 and 2023. This paper offers insights into factors influencing a company's genuine profit management strategies, a topic of significant interest for various stakeholders. Methodologically, the study employed a quantitative approach, leveraging both OLS regression and path analysis, with the Jamovi V.2.4.8 program used for assessing mediation intensity. The core findings indicate that profitability does not substantially mediate the link between leverage, firm size, and real earnings management, which is a crucial rejection of the primary hypothesis. However, the research discovered that profitability significantly *harms* (likely meaning negatively impacts or reduces) genuine earnings management, suggesting that more profitable firms engage in less real earnings management. Furthermore, the analysis revealed that leverage is crucial for increasing profitability, while firm size had no discernible impact on profitability. Direct relationships between business size, leverage, and real earnings management were found to have little clear correlation. These results carry important implications for investors, regulators, and management, enhancing their understanding of the determinants influencing a company's true earnings management tactics. The finding that profitability itself discourages real earnings management is particularly noteworthy. While the study's focus on a specific sub-industry in Indonesia provides valuable context, future research could expand this analysis to other industries or geographies to test the generalizability of these findings. Exploring the specific mechanisms through which profitability "harms" real earnings management could also be a fruitful avenue for further investigation in accounting and financial management research.

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