Analysis of The Effect Earnings Management, Financial Ratios, Governance On Bond
DOI:
https://doi.org/10.35877/454RI.qems1247Keywords:
Bond Rating, Earnings Management, Financial Ratios, Corporate Governance Mechanisms, Logistics Regression.Abstract
The purpose of this study is to analyze the concentration on board profit factors, the proportion of liquidity, administrative ownership and review quality used to anticipate organizational security ratings. This study intends to provide experimental evidence that board income, monetary proportion and corporate administrative mechanisms affect security ratings. The subject of this exploration is an organization listed on the IDX and registered in Indonesia, PT. PEFINDO 2016-2019. Information check using strategic relapse investigation. The results showed that executive earnings, the proportion of liquidity, administrative ownership and review quality had an effect on bond ratings. While action proportion, market price proportion, institutional ownership and free head have no impact on security evaluation.
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Hopkins, & Hopkins. (1997). Strategic Planning – Financial Performance Relationship In Bank?; A Causal Examination. Strategic Management Journal, 18(8), 635–652.
Ichsan, I., Silvia, I., Mahdawi, M., & Syamni, G. (2021). the Financial Performance of Manufacturing Companies in Idx and Some Factors That Influence. Jurnal Aplikasi Manajemen, 19(2), 354–362. https://doi.org/10.21776/ub.jam.2021.019.02.11
Juita, m. V., governance, g. C., performance, f., & management, e. (2021). Influence of corporate governance , leverage and financial performance on earning management on manufacturing. 12(1), 907–916.
Jung, M. (2008). The effect of stock option holdings on the wealth change in share repurchases. Asia-Pacific Journal of Financial Studies.
Khan, H. U. Z. (2010). The effect of corporate governance elements on corporate social responsibility (CSR) reporting: Empirical evidence from private commercial banks of Bangladesh. International Journal of Law and Management, 52(2), 82–109.
KOSSOVSKY, C. L. . R. A. N. R. (2013). Intangibles and The New Reality: Risk, Reputation and Value Creation. Islamic Economic Studies.
Lumbantobing, R. (2020). The Effect of Financial Ratios on the Possibility of Financial Distress in Selected Manufacturing Companies Which Listed in Indonesia Stock Exchange. 132(AICMaR 2019), 60–63.
Mahrani, M., & Soewarno, N. (2018). The effect of good corporate governance mechanism and corporate social responsibility on financial performance with earnings management as mediating variable. Asian Journal of Accounting Research, 3(1), 41–60. https://doi.org/10.1108/AJAR-06-2018-0008
Mapila, M. A. T. J., Makwenda, B., & Chitete, D. (2010). Elitism in the farmer organization movement in post-colonial Malawi. Journal of Agricultural Extension and Rural Development.
Marchellina, V., & Firnanti, F. (2021). Financial Ratio and Company Characteristics Effect on Earnings Management. 174(Icebm 2020), 178–183.
Mariana, M. (2016). Pengaruh Mekanisme Corporate Governance Terhadap Peringkat Obligasi Yang Tercatat Di Bursa Efek Indonesia Periode Tahun 2008 – 2010. AKRUAL: Jurnal Akuntansi, 7(2), 104. https://doi.org/10.26740/jaj.v7n2.p102-119
McCloskey, D. (1999). Other Things Equal - Economical Writing: An Executive Summary. Eastern Economic Journal.
Mohammad Hamim, A. A. D. R. A. (2019). Effect Of Good Corporate Governance On Company Profitability RE & Property Sector In Indonesia. Jurnal Akuntansi, 23(1), 17. https://doi.org/10.24912/ja.v23i1.457
Mohd, N., Nizal, M., & Ali, N. (2020). Corporate governance mechanisms with conventional bonds and Sukuk ’ yield spreads. Pacific-Basin Finance Journal, 62(April 2017), 101116. https://doi.org/10.1016/j.pacfin.2019.02.001
Munro, I. (2014). Organizational Ethics and Foucault’s ‘Art of Living’: Lessons from Social Movement Organizations. Organization Studies. https://doi.org/10.1177/0170840614530915
Nurkholis, M., & Damayanti. (2020). The Effect of Good Corporate Governance on Tax Avoidance of Listed Companies in Indonesian Stock Exchange in 2015-2017. Journal of Economics and Business, 4(2), 1–16. https://doi.org/10.31014/aior.1992.02.01.72
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Nurmayanti, P. (2009b). “Faktor-Faktor yang Mempengaruhi Prediksi Peringkat Obligasi Ditinjau dari Faktor-Faktor Akuntansi dan Non Akuntansi. Jurnal Bisnis Dan Akuntansi, 11(3), 143–154.
Prayitno, V. (2020). Factors Affecting Real Earnings Management. Emerging Markets?: Business and Management Studies Journal, 6(2), 47–57. https://doi.org/10.33555/ijembm.v6i2.116
Putra, Y. A., & Djazuli, A. (2018). Pengaruh Rasio Profitabilitas, Likuiditas, Solvabilitas, Ukuran Perusahaan Dan Jaminan Terhadap Peringkat Obligasi (Studi Pada Perusahaan Yang Mengelurkan Obligasi dan Terdaftar Di Bursa Efek Indonesia). 1–16.
Rahmawati, I. Y. (2020). The Effect of Profitability Ratio , Liquidity Ratio , Leverage Ratio , and Company Size on Sukuk Rating Corporation During 2014-2017 Periods. SHS Web of Conferences 86, 01027.
Rakkarnsil, S., & Butsalee, P. (2022). The influence of corporate governance and profitability affecting operational efficiency of the listed companies of the stock exchange of thailand. International journal of economics and finance studies, 14(1), 259–284. https://doi.org/10.34109/ijefs.
Sari, I. K., & Yasa, G. W. (2016). Pengaruh Penerapan Good Corporate Governance, Profitabilitas dan Likuiditas terhadap Peringkat Obligasi. Journal of Chemical Information and Modeling, 53(9), 1689–1699.
Sihombing, N., Diah PA, E., & Gowon, M. (2020). Effect of Tax Planning and Profitability on Earning Management With Firm Size as Moderating Variabel at Companies Listed on The Indonesia Stock Exchange in The Periode 2013-2018. Jurnal Akuntansi & Keuangan Unja, 5(1), 45–58. https://doi.org/10.22437/jaku.v5i1.9253
Simsa, R. (2019). Leadership in social movement organizations. Gruppe. Interaktion. Organisation. Zeitschrift Fur Angewandte Organisationspsychologie. https://doi.org/10.1007/s11612-019-00476-y
Syarifah. (2021). Effect of Earnings Management, Liquidity Ratio, Solvency Ratio and Ratio Profitability of Bond Ratings in Manufacturing?: (Case Study Sub-Sector Property and Real Estate Sector Companies listed on the IDX Indonesian). International Journal of Business, Economics and Social Development, 2(2), 89–97.
Sylvia, D, D. P., & Supriyadi, E. (2020). Peranan Manajemen Laba Dalam Memoderasi Faktor-Faktor Yang Mempengaruhi Peringkat Obligasi. Ekobisman-Jurnal Ekonomi Bisnis Dan Manajemen, 4(3), 194–209. http://journal.univpancasila.ac.id/index.php/ekobisman/article/view/1422
Tripalupi, R. I., & Anggahegari, P. (2020). The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology. International Journal of Nusantara Islam, 8(1), 119–128. https://doi.org/10.15575/ijni.v8i1.10207
Wahyudi, T., & Swiyanto, B. S. (2014). Pengaruh Manajemen Laba Terhadap Peringkat Obligasi Pada Saat Emisi. Jurnal Maksipreneur, 3(2).
Xiong, Y., Cho, M., & Boatwright, B. (2019). Hashtag activism and message frames among social movement organizations: Semantic network analysis and thematic analysis of Twitter during the #MeToo movement. Public Relations Review. https://doi.org/10.1016/j.pubrev.2018.10.014
Arif, B. W. (2012). Pengaruh Manajemen Laba dan Rasio Keuangan Perusahaan Terhadap Peringkat Obligasi”. Universitas Diponegoro.
Ariwangsa, I. P. K., & Abundanti, N. (2013). The Effect of Corporate Governance Mechanism on Cost of Equity Capital. Forum Manajemen, 11(2), 147–167. https://doi.org/10.2991/icastss-19.2019.21
Arora, T. S. (2020). Impact of Corporate Governance on Credit Ratings?: An Empirical Study in the Indian Context. Indian Journal of Corporate Governance, 13(2), 140–164. https://doi.org/10.1177/0974686220966808
Baghumian, R., & Naghdi, S. (2014). The impact of corporate governance mechanisms on the extent of voluntary disclosure in annual reports of listed companies in Tehran Stock Exchange. 16 (J136ournal/ISC). Knowledge of Accounting, 16, 119–136.
Barucci, E., Baviera, R., & Milani, C. (2014). Is the Comprehensive Assessment Really Comprehensive? SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2541043
Biltekin, N. (2020). Unofficial ambassadors: Swedish women in the United States and the making of non-state cultural diplomacy. International Journal of Cultural Policy, 26(7), 959–972. https://doi.org/10.1080/10286632.2020.1823975
Boriboonrat, P. (2013). Collaborative Border Management in Thailand and Neighboring Countries: Needs, Challenges and Issues. International Journal of Criminal Justice Sciences, 8(1), 1.
Bozarth, L., & Budak, C. (2021). Beyond the eye-catchers: A large-scale study of social movement organizations’ involvement in online protests. New Media and Society. https://doi.org/10.1177/1461444820943854
Caldwell, S., Gedeon, T., Jones, R., Copeland, L., Albrechtsen, J. S., Meissner, C. A., Susa, K. J., Sleegers, W. W. A., Proulx, T., van Beest, I., Bradley, M. M., Miccoli, L., Escrig, M. A., Lang, P. J., Tsikerdekis, M., Zeadally, S., Bond Jr, C. F., DePaulo, B. M., Sleegers, W. W. A., … van’t Veer, A. E. (2015). Effortless morality: Cognitive and affective processes in deception and its detection. Frontiers in Psychology.
Chandra, C., & Hanna, H. (2017). Pengaruh Manajemen Laba Dan Perbedaan Pembukuan Menurut Pajak Dan Akuntansi Terhadap Peringkat Obligasi. Jurnal Akuntansi, 19(2), 260. https://doi.org/10.24912/ja.v19i2.98
Clarke, T., Lindorff, M., Jonson, E. P. (2013). CEO business education and firm financial performance: a case for humility rather than hubris. Education+ Training.
Devi, S., Warasniasih, N. M. S., & Masdiantini, P. R. (2020). The Impact of COVID-19 Pandemic on the Financial Performance of Firms on the Indonesia Stock Exchange. Journal of Economics, Business, & Accountancy Ventura, 23(2), 226–242. https://doi.org/10.14414/jebav.v23i2.2313
Fitriani, P. R., Andriyanto, I., & Ridwan, M. (2020). Pengaruh Rasio Keuangan dan Pertumbuhan Perusahaan Terhadap Peringkat Obligasi Syariah. AKTSAR: Jurnal Akuntansi Syariah, 3(1), 103. https://doi.org/10.21043/aktsar.v3i1.7629
Gusni, G. (2017). The Determinants of Dividend Policy: A Study of Financial Industry in Indonesia. Jurnal Keuangan Dan Perbankan, 21(4), 562–574. https://doi.org/10.26905/jkdp.v21i4.1521
Herawaty, V. (2008). “Peran Praktik Corporate Governance sebagai Moderating Variable dari Pengaruh Earnings Management terhadap Nilai Perusahaan.” Simposium Nasional Akuntansi XI. Pontianak., 23–24.
Herlinasari, N. (2021). Dampak Rasio Keuangan Terhadap Peringkat Obligasi Pada Perusahaan Jasa Sektor Konstruksi Yang Terdaftar Di Bei. Jurnal Ekonomi, Bisnis, Dan Akuntansi, 22(4), 378–389. https://doi.org/10.32424/jeba.v22i4.1768
Hopkins, & Hopkins. (1997). Strategic Planning – Financial Performance Relationship In Bank?; A Causal Examination. Strategic Management Journal, 18(8), 635–652.
Ichsan, I., Silvia, I., Mahdawi, M., & Syamni, G. (2021). the Financial Performance of Manufacturing Companies in Idx and Some Factors That Influence. Jurnal Aplikasi Manajemen, 19(2), 354–362. https://doi.org/10.21776/ub.jam.2021.019.02.11
Juita, m. V., governance, g. C., performance, f., & management, e. (2021). Influence of corporate governance , leverage and financial performance on earning management on manufacturing. 12(1), 907–916.
Jung, M. (2008). The effect of stock option holdings on the wealth change in share repurchases. Asia-Pacific Journal of Financial Studies.
Khan, H. U. Z. (2010). The effect of corporate governance elements on corporate social responsibility (CSR) reporting: Empirical evidence from private commercial banks of Bangladesh. International Journal of Law and Management, 52(2), 82–109.
KOSSOVSKY, C. L. . R. A. N. R. (2013). Intangibles and The New Reality: Risk, Reputation and Value Creation. Islamic Economic Studies.
Lumbantobing, R. (2020). The Effect of Financial Ratios on the Possibility of Financial Distress in Selected Manufacturing Companies Which Listed in Indonesia Stock Exchange. 132(AICMaR 2019), 60–63.
Mahrani, M., & Soewarno, N. (2018). The effect of good corporate governance mechanism and corporate social responsibility on financial performance with earnings management as mediating variable. Asian Journal of Accounting Research, 3(1), 41–60. https://doi.org/10.1108/AJAR-06-2018-0008
Mapila, M. A. T. J., Makwenda, B., & Chitete, D. (2010). Elitism in the farmer organization movement in post-colonial Malawi. Journal of Agricultural Extension and Rural Development.
Marchellina, V., & Firnanti, F. (2021). Financial Ratio and Company Characteristics Effect on Earnings Management. 174(Icebm 2020), 178–183.
Mariana, M. (2016). Pengaruh Mekanisme Corporate Governance Terhadap Peringkat Obligasi Yang Tercatat Di Bursa Efek Indonesia Periode Tahun 2008 – 2010. AKRUAL: Jurnal Akuntansi, 7(2), 104. https://doi.org/10.26740/jaj.v7n2.p102-119
McCloskey, D. (1999). Other Things Equal - Economical Writing: An Executive Summary. Eastern Economic Journal.
Mohammad Hamim, A. A. D. R. A. (2019). Effect Of Good Corporate Governance On Company Profitability RE & Property Sector In Indonesia. Jurnal Akuntansi, 23(1), 17. https://doi.org/10.24912/ja.v23i1.457
Mohd, N., Nizal, M., & Ali, N. (2020). Corporate governance mechanisms with conventional bonds and Sukuk ’ yield spreads. Pacific-Basin Finance Journal, 62(April 2017), 101116. https://doi.org/10.1016/j.pacfin.2019.02.001
Munro, I. (2014). Organizational Ethics and Foucault’s ‘Art of Living’: Lessons from Social Movement Organizations. Organization Studies. https://doi.org/10.1177/0170840614530915
Nurkholis, M., & Damayanti. (2020). The Effect of Good Corporate Governance on Tax Avoidance of Listed Companies in Indonesian Stock Exchange in 2015-2017. Journal of Economics and Business, 4(2), 1–16. https://doi.org/10.31014/aior.1992.02.01.72
Nurmayanti, P. (2009a). “Faktor-Faktor yang Mempengaruhi Prediksi Peringkat Obligasi Ditinjau dari Faktor-Faktor Akuntansi dan Non Akuntansi. Jurnal Bisnis Dan Akuntansi, 11(3), 143-154.
Nurmayanti, P. (2009b). “Faktor-Faktor yang Mempengaruhi Prediksi Peringkat Obligasi Ditinjau dari Faktor-Faktor Akuntansi dan Non Akuntansi. Jurnal Bisnis Dan Akuntansi, 11(3), 143–154.
Prayitno, V. (2020). Factors Affecting Real Earnings Management. Emerging Markets?: Business and Management Studies Journal, 6(2), 47–57. https://doi.org/10.33555/ijembm.v6i2.116
Putra, Y. A., & Djazuli, A. (2018). Pengaruh Rasio Profitabilitas, Likuiditas, Solvabilitas, Ukuran Perusahaan Dan Jaminan Terhadap Peringkat Obligasi (Studi Pada Perusahaan Yang Mengelurkan Obligasi dan Terdaftar Di Bursa Efek Indonesia). 1–16.
Rahmawati, I. Y. (2020). The Effect of Profitability Ratio , Liquidity Ratio , Leverage Ratio , and Company Size on Sukuk Rating Corporation During 2014-2017 Periods. SHS Web of Conferences 86, 01027.
Rakkarnsil, S., & Butsalee, P. (2022). The influence of corporate governance and profitability affecting operational efficiency of the listed companies of the stock exchange of thailand. International journal of economics and finance studies, 14(1), 259–284. https://doi.org/10.34109/ijefs.
Sari, I. K., & Yasa, G. W. (2016). Pengaruh Penerapan Good Corporate Governance, Profitabilitas dan Likuiditas terhadap Peringkat Obligasi. Journal of Chemical Information and Modeling, 53(9), 1689–1699.
Sihombing, N., Diah PA, E., & Gowon, M. (2020). Effect of Tax Planning and Profitability on Earning Management With Firm Size as Moderating Variabel at Companies Listed on The Indonesia Stock Exchange in The Periode 2013-2018. Jurnal Akuntansi & Keuangan Unja, 5(1), 45–58. https://doi.org/10.22437/jaku.v5i1.9253
Simsa, R. (2019). Leadership in social movement organizations. Gruppe. Interaktion. Organisation. Zeitschrift Fur Angewandte Organisationspsychologie. https://doi.org/10.1007/s11612-019-00476-y
Syarifah. (2021). Effect of Earnings Management, Liquidity Ratio, Solvency Ratio and Ratio Profitability of Bond Ratings in Manufacturing?: (Case Study Sub-Sector Property and Real Estate Sector Companies listed on the IDX Indonesian). International Journal of Business, Economics and Social Development, 2(2), 89–97.
Sylvia, D, D. P., & Supriyadi, E. (2020). Peranan Manajemen Laba Dalam Memoderasi Faktor-Faktor Yang Mempengaruhi Peringkat Obligasi. Ekobisman-Jurnal Ekonomi Bisnis Dan Manajemen, 4(3), 194–209. http://journal.univpancasila.ac.id/index.php/ekobisman/article/view/1422
Tripalupi, R. I., & Anggahegari, P. (2020). The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology. International Journal of Nusantara Islam, 8(1), 119–128. https://doi.org/10.15575/ijni.v8i1.10207
Wahyudi, T., & Swiyanto, B. S. (2014). Pengaruh Manajemen Laba Terhadap Peringkat Obligasi Pada Saat Emisi. Jurnal Maksipreneur, 3(2).
Xiong, Y., Cho, M., & Boatwright, B. (2019). Hashtag activism and message frames among social movement organizations: Semantic network analysis and thematic analysis of Twitter during the #MeToo movement. Public Relations Review. https://doi.org/10.1016/j.pubrev.2018.10.014
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Published
2022-10-25
How to Cite
Hartono, Krisdiana, Cuk Jaka Purwanggono, Samuel PD Anantadjaya, & Teguh Setiawan Wibowo. (2022). Analysis of The Effect Earnings Management, Financial Ratios, Governance On Bond . Quantitative Economics and Management Studies, 3(6), 965–975. https://doi.org/10.35877/454RI.qems1247
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