Hendra Wijaya 1),a) , Kristina Pae 2),b) , Ignasius Radix A.P. Jati 3),c)

This study aims to determine the effect of readability based on the length of the annual report and the value relevance of the financial information on agency costs. The sample used in this study were 263 firm-year from Kompas100 index. Data were analyzed using multiple linear regression method. The result of this study indicate that the higher the number of pages, words and characters, which reflects the poor readability of the annual report, has a negative effect on the asset turnover ratio, which is an inverse proxy for agency costs. Furthermore, the presence of the analyst coverage variable is able to moderate the positive effect between the number of pages, words and characters in the annual report on the asset turnover ratio. However, no significant effect was found during both test between value relevance to asset turnover ratio and that are moderated by analyst coverage.

Abstrak: Pengaruh Masa Jabatan CEO Terhadap Manajemen Laba Akrual. CEO sebagai pihak yang bertanggung jawab atas laporan keuangan perusahaan memiliki dorongan untuk melakukan praktik manajemen laba selama masa jabatannya demi tujuan pribadi CEO. Masa jabatan CEO yang terbatas dan peristiwa pergantian CEO sudah seharusnya mendapatkan perhatian lebih dari para investor karena pada dasarnya, fase-fase yang terdapat pada masa jabatan CEO dapat menimbulkan pola-pola yang berbeda dari perhatian serta perilaku CEO dalam melakukan tindakan manajemen laba. Penelitian ini bertujuan untuk mengetahui pengaruh adanya CEO di awal masa jabatan dan adanya CEO di akhir masa jabatan terhadap praktik manajemen laba akrual di perusahaan. Desain penelitian adalah kuantitatif melalui pengujian hipotesis. Perusahaan manufaktur di Bursa Efek Indonesia periode 2015-2019 dipakai sebagai populasi penelitian. Dengan menggunakan metode purposive sampling, diperoleh 170 sampel yang yang menjadi objek penelitian ini. Analisis data penelitian menggunakan uji regresi linear berganda. Penelitian ini membuktikan bahwa adanya CEO di awal masa jabatan pada perusahaan berpengaruh positif terhadap tindakan manajemen laba akrual. Akan tetapi, adanya CEO di akhir masa jabatan pada perusahaan tidak terbukti berpengaruh terhadap praktik manajemen laba akrual. Pengujian tambahan menemukan bahwa asal CEO juga tidak terbukti memperkuat manajemen laba akrual CEO di awal masa jabatan.Kata kunci: CEO tenure, pergantian CEO, CEO awal, CEO akhir, manajemen laba.Abstract: The Effect of CEO Tenure on Accrual Earnings Management. The CEO as the party responsible for the company's financial statements has an incentive to carry out earnings management during his tenure for personal gain. The limited CEO tenure and CEO turnover events should get more attention from investors because basically, the phases that exist in the CEO's tenure can lead to different patterns of CEO attention and behavior in carrying out earnings management actions. This research was carried out to find out the effect of the presence of a CEO at beginning of his tenure and the presence of a CEO at the end of his tenure on the accrual earnings management practices of companies in Indonesia. The research design is quantitative through hypothesis testing. The population used is Indonesia Stock Exchange manufacturing companies of 2015-2019. By using purposive sampling method, 170 samples were obtained which became the object of this research. Research data were analyzed using multiple linear regression test. The results show that the presence of a CEO at the beginning of his tenure in the company has positive effect on accrual earnings management practices. However, the presence of a CEO at the end of his tenure in the company does not affect accrual earnings management practices. Additional test results also show that the origin of the CEO is also not proven to strengthen the earnings management practices carried out by the CEO at the beginning of his tenure.Keywords: CEO tenure,  CEO turnover, CEO at the beginning of tenure, CEO at the end of tenure, earnings management.

Integrated reporting combines information about company's governance, performance, strategy, and future prospects that reflect the company's activities. As the voluntary integrated reporting practice increases, the global issue related to that is about the integrated reporting’s future implications, particularly the accounting information. In Indonesia, companies that are ready for integrated reporting are the winners the Sustainability Reporting Awards (SRA). Implementation of integrated reporting can improve earnings quality. This research is to provide evidence for the effect of integrated reporting on earnings quality and the moderating effect agency costs in it. The research design is a quantitative research using secondary data sources from company’s annual reports. The research object are Indonesian non-financial sector companies that are winners and non-winners of the 2015-2019 SRA which are registered in the IDX fact book 2019. This research used a moderation regression analysis model. The research contributed to three new findings: (a) integrated reporting has no effect on earnings quality; (b) agency costs weaken the effect of integrated reporting on earnings quality in non-financial sector companies; and (c) agency costs strengthen the effect of integrated reporting on earnings quality in SRA companies.

<p><em>The purpose of this study is to analyze and evaluate the implementation of standard operational procedures (SOPs) in nutrition unit of X hospital in Surabaya after the change of management. The scope of the study is the implementation of SOPs that focused on the organizing of processing food in hospital’s kitchen. The study uses explanative qualitative approach with case study method. The types and sources of data are qualitative and primary data. Methods of data collection are interview, observation, and documentation.</em></p><p><em>The results of the study show that the change of management caused many changes and adjustments in day to day operational implementation, but there is not enough updating the SOPs. The evaluation of SOPs reveals that the report needed by new management is not available as there are not enough documents in the existing SOPs to support the availability of the report. Hence, the updating of SOPs is necessary to fulfill the management demand.</em></p>