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Journal : JOURNAL OF SCIENCE AND SOCIAL RESEARCH

PENGARUH EARNING POWER, LEVERAGE, DAN FREE CASH FLOW TERHADAP MANAJEMEN LABA DENGAN KEPEMILIKAN INSTITUSIONAL Ramadhani, Alya; Nurlaili, Nurlaili; Devi, Yulistia
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol 8, No 2 (2025): May 2025
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v8i2.2956

Abstract

Abstract: The growing practice of earnings management by businesses, particularly those in the healthcare industry listed on the Indonesia Stock Exchange (IDX) for the 2022–2023 period, is what spurred this study. Financial reports may lose credibility as a result of this technique since the data presented no longer accurately depicts the state of the business. Earning power, leverage, and free cash flow are some of the characteristics that are thought to be the primary causes of earnings management. Nonetheless, institutional ownership is thought to be able to regulate the connection between these elements and earnings management strategies due to its substantial monitoring role. This study uses a quantitative technique and secondary data from the annual reports of 25 companies in the healthcare sector. The analysis techniques used are panel data regression and moderated regression analysis (MRA), both of which are made possible by the EViews 12 program. The results of the study show that free cash flow and earning power considerably deteriorate earnings management, whereas leverage greatly enhances it. Additionally, it has been shown that while institutional ownership can lessen the effect of free cash flow on earnings management, it is unable to lessen the influence of earning power and leverage. This research highlights how crucial institutional ownership is in regulating earnings management techniques, particularly in light of the post-pandemic economic recovery. Keyword: earnings management, earning power, free cash flow, institutional ownership, leverage. Abstrak: Meningkatnya praktik ini didasarkan pada manajemen laba perusahaan, termasuk perusahaan dengan terdaftar pada Bursa Efek Indonesia (BEI) antara tahun 2022 dan 2023. Praktik ini dapat mengurangi kredibilitas laporan keuangan karena informasi yang diberikan tidak mencerminkan keadaan sebenarnya perusahaan. Karena memiliki fungsi pengawasan yang kuat, kepemilikan institusional diperkirakan mampu memoderasi hubungan antara elemen-elemen tersebut dengan praktik manajemen laba. Di sisi lain, beberapa elemen, seperti kekuatan pendapatan, leverage, dan aliran kas bebas, dianggap sebagai pemicu utama munculnya manajemen laba. Pendekatan kuantitatif dipakai pada kajian ini, juga data sekunder dengan digunakan berasal dari laporan tahunan 25 perusahaan dalam bidng perawatan kesehatan. Analisis regresi moderat (MRA) dan regresi data panel dijalankan menggunakan program EViews 12. Perolehan kajian memerlihatkan bahwasanya kepemilikan institusional memoderasi dampak free cash flow pada manajemen laba, tetapi dampak earning power dan leverage sangat negatif. Hasil ini menunjukkan betapa pentingnya kepemilikan institusional dalam mengatur praktik manajemen laba, terutama dalam pemulihan ekonomi setelah pandemi. Kata kunci: earning power, free cash flow, kepemilikan institusional, leverage, manajemen laba.
Co-Authors Abdi, Muhammad Jayadi Abdul Aziz Abeh, Yohanes Andy Adam Adam Adnil Edwin Nurdin Afriani, Rika Aganovic, Izet Agra Dwi Saputra Agustian, Raihan Agustin Agustin AGUSTIN, DWI Agustina, Serli Ahmad Darlis, Ahmad Ahmad Syai Ahmad Syarifin, Ahmad Ainal Mardhiah Ainal Mardhiah Ainur Rofiq Aisah, Dewi Nur Akbarjono, Ali AKHMAD Akhmad Akhmad Al-Ihwana, Al-Ihwana Alief Rakhman Setyanto, Alief Rakhman alimni, alimni Alya Rahmaditya Arfan Alyana, Afrianti AM, St Asmayanti AM, St. Asriati Amalia, Zuhra Andi Warnaen Annisa Fitriani, Annisa Any Eliza Apridar Apridar Aprilia, Lisa Apriliansyah, Apriliansyah Aqmalia, Wirdatul Ardiana Ardiana, Ardiana Ardiansyah, Fourni Ari Wibowo arif, yulastri Arini Arini Arista, Risna Arjudin Asnel, Roza Aspah, Afni Asroh, Ardi Aulia Febrila, Ashya Aulia Prameswari, Sekar Aulia Rahman Aulia Sari, Wenny Ayu Melati Ningsih Azainil Azainil Aziz, Abdul Malik Bafadal, Robyan Endruw Bahzar, Moh. Barutu, Herlinawati Basmanelly, Basmanelly basmanelly, Basmanelly Basuni, Basuni Batang, Samson Bayu Septio Bukhari Bukhari Bunga Amelia, Bunga Chairani, Sri Chairiyah, Siti Sri Chairunnisa Chairunnisa Darmawan, Rachmat Darmayanti, Citra Darmein, Darmein Darwis, Anissa Alhaqqoh Darwis, Muhajir Daulay, Henri Yanto Deasy Ovi Harsachatri Dedi Setiawan Delfina, Rina Delsi, Neliyanti Dewi Eka Putri Dewi Yuliana Fitri Dewi, Desy Eka Citra Dewi, Ika Sandra Dewi, Mawar Kumala Dewi, Normalasari Dewi, Novi Yanti Sandra Diah Mukminatul Hasimi Diah Puspitaningrum, Silvia Dian Andesta Bujuri Dian Susanti Dianti, Eka Dinda Fali Rifan Dinda Yarshal, Dinda Dita, Ni Nyoman Dwi Nugroho Hidayanto Dwiyono, Yudo Edi, Muhammad Edy Haryono Eka Citra Dewi, Desy Ekawati Danial Elvina Damayanti Endang Lastinawati, Endang Erianti, Ulfa Ersi Sisdianto Ervina, Khana Evi Ekawati Faizah Faizah Fajar, Azwar Fakhriza, Fakhriza Fatanah, Rosy Dea Fatmanurshanti, Dora Fatna, Nesa Fauzan, Mhd Akmal Fazhari, Rindiani Akhna Fazrina, Laysa Febrianti, Ni Luh Riska Fernandes, Feri Fernandes, Feri Fitria, Nanda Fitriadi, Ahmad Fitriana Fitriana Fona, Zahra Fonda, Ranika Furqan Furqan, Furqan Gamelia, Neca Gede Mulawarman, Widyatmike Gribaldi Gribaldi Habibah, Ummi Habibi Habibi Haeruddin Haeruddin Hafid, Mukhsin Putra Hafiz, Tanzil Hambali Hambali Hamdani Hamdani Handayani, Lisa Hanif Hanif Hanifah, Evy Haq, Habil Harahap, Azur Aini Harahap, Rhiza Khairani Harahap, Riska Nurjannah Harun Harun Haryaka, Usfandi Hasan, Novanza Hasanah Hasanah Hasanah, Miftah Hasbullah Hasbullah Hatta , Mohd. 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