MANAJEMEN LABA : BUKTI DARI SET KESEMPATAN INVESTASI, UTANG, KOS POLITIS, DAN KONSENTRASI PASAR PADA PASAR YANG SEDANG BERKEMBANG




Simposium Nasiona Akuntansi 9 Padang
Padang, 23-26 Agustus 2006

MANAJEMEN LABA : BUKTI DARI SET KESEMPATAN INVESTASI, UTANG, KOS POLITIS, DAN KONSENTRASI PASAR PADA PASAR YANG SEDANG BERKEMBANG

Zaenal Fanani
Universitas Airlangga Surabaya

ABSTRACT

The aim of this study is to prove whether manager manage earning for the purpose of informative or target opportunistic. Research also investigate whether investment opportunity set influences choice of manager to report as opportunistic to hide performance or to report earning more informative concerning to debt, political cost, market share and earning.

Sample of this research were chosen by using purposive sampling of 350 manufacturing business listed in the Jakarta Stock Exchange, start from 1997 up to 2002. Structural Equation Modelling (SEM) by using program of Analysis of Moment Structures (AMOS) is the appropriate statistical technique to examine pattern relation of formed model.

The results show that earning management, political cost, market share and earning have a significant effect to share price, whereas investment opportunity set does not have a significant effect to share price. From some variables which influence earning management, only the debt having a significant effect while other variable (i.e., invesment opportunity set, political cost, market share) do not show significant outcome. And for the variable influencing earning only debt and the market share which significant while other variable that is invesment opportunity set and political cost do not show influence which significant.

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