Download Jurnal Akuntansi SNA 13 – AKPM 19 >>PENGARUH STATUS INTERNASIONAL, DIVERSIFIKASI OPERASI DAN LEGAL ORIGIN TERHADAP MANAJEMEN LABA (STUDI PERUSAHAAN ASIA YANG TERDAFTAR DI NYSE)
Ratih Indraswari, S.E., M.Sc.
This study aims to provide empirical evidence about the effect of international status, operation diversification, and legal origin on earnings management by Asian companies listed on NYSE. The complexity of the company’s business comes from the increasing international status and operation diversification will increase the information asymmetry between managers and investors and affect the earnings management by the companies. For companies listed on foreign capital markets, legal system of the country of origin (legal origin) also affect earnings management by the companies. Companies with civil law of legal origin have a higher earnings management than firms with common law legal of origin. Earnings management measured using discretionary accrual. This study uses 82 Asian companies listed on NYSE as sample, during the 2006-2008 year period of observation.
This study provide empirical evidence that the international status and operation diversification affect earnings management. While legal origin (the legal system of the country of origin) does not affect earnings management when the company is listed on foreign capital markets which have strong investor protection such as the NYSE (New York Stock Exchange).
Keyword: discretionary accruals, earnings management, international status, operation diversification, legal origin.
Business competition between companies that increasingly stringent demands companies to continue to survive and develop the company. Efforts are made is to expand its market share, either by increasing the diversification of products (multioperasional) as well as extend its marketing reach. In the last decade, an increasing number of companies and a growing market prompted the company to expand its network to foreign (multinational).
As companies become more diversified internationally, the company’s operations are naturally becoming more multifaceted. Consistent with the increased complexity, previous studies provide evidence that the expansion in international markets increases the complexity of information being processed for the investor (Thomas, 1999; Callen et al., 2005), managers (Kim and Mauborgne, 1995; Birkinshaw et al., 2001) and financial analysts (Duru and Reeb, 2002; Khurana et al., 2003; Tihanyi and Thomas, 2005).
Download Link Jurnal Akuntansi SNA 13 – AKPM 19
Download + Preview: #docs/87772536/
Download : #download/15886396/AKPM_19.rar.html