Perbedaan Perilaku Earnings Management Berdasarkan pada Perbedaan Life Cycle dan Ukuran Perusahaan

[wpfilebase tag=file id=192]

Perbedaan Perilaku Earnings Management Berdasarkan pada Perbedaan Life Cycle dan Ukuran Perusahaan

Sri Hastuti dan Ponty Sya’banto Putra Hutama

STIE SBI Yogyakarta


The objective of the study was to examine the difference of earnings management based on the difference of corporate life cycles (growth, mature, and stagnant) and firm size. This earnings management behavior differences were shown by the magnitude of earnings management in every life cycle stage and firm size. Small-sized firms and may have not sophisticated internal control system engage in more earnings management, as measured by discretionary accrual. Firm in mature and stagnant stage may have more sophisticated internal control system than firm in growth stage.

The sample of the study was the manufacturing companies listed in the Indonesia Stock Exchange. The data observation period was 8 years (2000-2007). The data was collected using purposive sampling method. Total samples were 135 firms. Earnings management was indicated by the magnitude of discretionary accruals, which is bigger than null. The samples are classified into various life cycle using dividend payout, sales growth, capital expenditure value, and age. Firm size are classified by total assets.


As predicted, the empirical results indicate firms in growth, mature, and stagnant stage are conducting earnings management. This research could not found any earnings management differences between life cycle and size.

Keywords: earnings management, corporate life cycle, growth, mature, stagnant, firm size


Earnings management by managers to manipulate earnings to obtain the desired results, such as keeping the share price remains high at the initial public offering (IPO), maintain the confidence of investors and creditors by way of income smoothing, or meet analyst forecasts.

Firm size can be attributed to the company life cycle. This is evidenced by research Yan (2006) which states that the company size increased along with the company’s development through each stage of life cycle. If the results of Kim, et al. (2003) associated with the research Yan (2006), we can conclude that earnings management can be performed on small companies to large companies, ie companies that are at the stage of growth (growth), mature stage, up to the stagnant phase (stable). On this basis, earnings management can be connected with the company’s life cycle (growth, mature, and stagnant) and firm size (small, medium, and large).

Jurnal Akuntansi Lainnya:  Implikasi Intellectual Capital terhadap Financial Performance, Growth dan Market Value

There are earnings management in companies that are at the stage of growth, mature, and stagnant. This is evidenced in research Hastuti (2006). In addition, research shows that earnings management company located in stagnant stage significantly smaller than the companies that are in mature stages. However, these studies can not prove that earnings management in a mature company significantly smaller compared with a growth company. …

Tinggalkan Balasan

Situs ini menggunakan Akismet untuk mengurangi spam. Pelajari bagaimana data komentar Anda diproses.