Employee Diff, Free Cash Flow, Corporate Governance and Earnings Management

Bukit, Rina Br; Nasution, Fahmi Natigor

doi:10.1016/j.sbspro.2015.11.077

Cited by 39 publications

(47 citation statements)

References 16 publications

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“…Several previous studies have examined the effect of earnings management on firm values and they found that earnings management had a significant negative impact on firm value. The low quality of earnings information may result in incorrect investment decision making by users of financial statements such as investors and creditors and impose corporate value [10,11].…”

Section: E Earnings Management and Firm Valuementioning

confidence: 99%

The Influence of Firm Performance, Firm Size and Debt Monitoring on Firm Value: The Moderating Role of Earnings Management

Bukit¹,

Nasution²,

Ginting³

et al. 2018

Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)

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This study aims to test if firm performance, firm size and debt monitoring can increase the firm value in two different conditions: high earnings management and low earnings management. Sample of manufacturing companies is taken from the list of Indonesia Stock Exchange during the period of 2014-2016. Using multiple regression analysis, discloses that: in high earnings management practices, the company's value may decrease, although the company reported good performance. This study also finds that earnings management practices moderates the positive association between firm size and firm value. However, debt monitoring cannot improve firm value, in both situations: High vs. Low earnings manipulation. Monitoring system need to be intensified especially for companies with the above characteristics.

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Section: E Earnings Management and Firm Valuementioning

confidence: 99%

The Influence of Firm Performance, Firm Size and Debt Monitoring on Firm Value: The Moderating Role of Earnings Management

Bukit¹,

Nasution²,

Ginting³

et al. 2018

Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)

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“…Free cash flow dapat memicu keinginan manajer untuk memanipulasi pendapatan terutama ketika perusahaan memiliki kelebihan kas dan pengawasan terhadap perilaku manajer kurang intensif. Sehingga dapat dinyatakan bahwa free cash flow memiliki hubungan yang positif dengan earning management dan pengawasan pemegang saham memiliki peran yang penting untuk mereduksi praktik earning management tersebut khususnya pada perusahaan yang memiliki free cash flow yang tinggi (Bukit dan Nasution, 2015).…”

Section: Pendahuluanunclassified

Investigasi Empiris Interaksi Free Cash Flow, Earning Management Dan Inefisiensi Investasi

Perdana¹

2019

JRAK

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The level of Free cash flow has a pivotal role for investors to understand the inefficiency of a company's investment. This paper discusses empirical research that investigates the main effects of free cash flow and the effects of their interactions with earning management on investment inefficiency. This study uses a sample of 56 infrastructure, utility and transportation companies registered in Indonesian's Capital Market for the fiscal year ended on December 31, 2014 to 2018. This study uses a multiple regression method with the pooled ordinary least square (OLS) approach for 256 observational data. This study find that the main effect of free cash flow is significantly positive on investment inefficiency, but the earning management does not affect inefficiency investment. Furthermore this study find that the interaction effect of free cash flow is significantly negative on investment inefficiency if the amount of earning management is small.

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“…In ekbis.sindonews.com [2] stated that there were 128 non-economic public companies and non-state owned companies which positively developed throughout the years of 2013-2017. The profit growth and value establishment in the organization is not only due to the financial factors, but also the nonfinancial factors [3,4]. Several components in the nonfinancial aspect are experiences, organization technology, and customer's relationship that create companies' competitive advantage in the market.…”

Section: Introductionmentioning

confidence: 99%

Intellectual Capital Disclosure and Firm Value: Does Jokowi’s Era Matter?

Hatane¹,

Angeline²,

Wedysiage³

et al. 2019

Proceedings of the International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2018)

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The purpose of this study is to observe the impact of Intellectual Capital Disclosure (Human Capital Disclosure, Structural Capital Disclosure, and Relational Capital Disclosure), Firm Size and Leverage towards the firm value (measured by Tobin's Q). This study examines 36 Indonesia's listed companies from infrastructure, utility, and transportation industry in 5 years period, from 2013 to 2017. The periods that have been chosen in order to differentiate the performance of 2 years before and 3 years of Joko Widodo's era (Jokowi, President of Indonesia 2014-2019). Various results are found from the individual tests. None of the components from ICD has an influence on firm value during the pre-Jokowi's era. The negative effect of RCD on firm value is found without differentiating the presidential era. In addition, the negative response from firm value is found when the interaction of ICD and the time period is increasing. This study conducts the content analysis of the IC disclosure in the annual reports, while it may not express the whole quality of IC practice. Furthermore, the company also may use other information channels than annual report to expose its IC performance. The restricted information of this study is driven by the sample size; therefore the extension of the type of industries could bring comprehensive results. Despite these limitations, this study contributes to the discussion about the appreciation of investors on the disclosures of IC and its components.

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Employee Diff, Free Cash Flow, Corporate Governance and Earnings Management

Cited by 39 publications

References 16 publications

The Influence of Firm Performance, Firm Size and Debt Monitoring on Firm Value: The Moderating Role of Earnings Management

The Influence of Firm Performance, Firm Size and Debt Monitoring on Firm Value: The Moderating Role of Earnings Management

Investigasi Empiris Interaksi Free Cash Flow, Earning Management Dan Inefisiensi Investasi

Intellectual Capital Disclosure and Firm Value: Does Jokowi’s Era Matter?

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