The Role of Good Corporate Governance and Profit Management Against Manufacturing Companies on the Indonesian Stock Exchange
DOI:
https://doi.org/10.30603/ab.v20i1.4895Keywords:
Corporate Governance, Profit Management, Manufacturing Companies, Indonesia Stock ExchangeAbstract
The aim of Good Corporate Governance is to reduce agency costs arising from abuse of authority or supervision costs to prevent problems from occurring. The aim of this research is to increase share value and company image in the long term, protect the rights and interests of shareholders and increase work efficiency and effectiveness. company management board. The Good Corporate Governance indicators in this research include institutional ownership, managerial ownership, number of board of commissioners, and proportion of independent board of commissioners. The research method was carried out using a purposive sampling method, where the inclusion criteria included companies in the food and beverage sub-sector that were listed sequentially as issuers on the Indonesia Stock Exchange during the 2020-2023 period. Earnings management measurement is carried out using the conditional revenue model. The research used Eviews 12 software and was processed using Eviews 12 software using the logistic regression test. The logistic regression model in this study is as follows: Pln1-P=b0+b1x1+b2x2+b3x3+b4x4+e and results Research McFadden R-Squared value from the estimation results is 0.213458. This means that the independent variables in the model, namely managerial ownership, institutional ownership, board of commissioners and independent board of commissioners are only able to explain changes in the probability of earnings management by 21.34% and the remaining 78.66% is explained by other variables outside the model, indicating that only managerial ownership has an influence. on earnings management practices in companies in the food and beverage sub-sector. The implication of this research is that management can use the managerial ownership function to reduce misalignment of interests between management and owners or shareholders, thereby reducing the level of earnings management practices
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