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Is tax aggressiveness an indicator of earnings management?

Treść / Zawartość
Identyfikatory
Warianty tytułu
PL
Czy agresywność podatkowa to wskaźnik zarządzania zarobkami?
Języki publikacji
EN
Abstrakty
EN
The objective of the study was to get the evidence empirical about the influence of tax aggressiveness, director size, director independent, audit quality, managerial ownership, institutional ownership, firm size, and leverage on earnings management. The population is non-financial firms listed in Indonesia Stock Exchange during (IDX) 2013-2017. Samples were gotten by the method of purposive sampling, which there are 132 non-financial firms listed in IDX meet the requirements in the criteria and resulting 660 data that are available to be taken as sample. The data analysis method uses multiple regression testing. The results showed that tax aggressiveness, institutional ownership and leverage have an effect on earnings management. While director size, director independent, audit quality, managerial ownership, and firm size statistically do not influence on earnings management. The tax aggressiveness and leverage have a positive and significant effect on earnings management. Tax aggressiveness indicates that companies with low tax rates have an indication of high tax aggressiveness and this is possible because of the earnings management. Meanwhile, the leverage shows that companies with debt funding sources that are larger than assets, are more likely to practice earnings management. The institutional ownership has negative and significant effect on earnings management. The higher the institutional ownership the more stringent the supervision of the management in making earnings management.
PL
Celem publikacji było zaprezentowanie w artykule dowodów empirycznych na temat wpływu agresywności podatkowej, kontroli jakości, własności kierowniczej, własności instytucjonalnej, wielkości firmy i dźwigni finansowej na zarządzanie zyskami. Badana populacja to firmy niefinansowe notowane na giełdzie w Indonezji podczas (IDX) 2013-2017. Próbki zostały pobrane metodą celowego pobierania próbek, w której 132 firmy niefinansowe wymienione w IDX spełniają wymogi określone w tych kryteriach, a otrzymane 660 danych można pobrać jako próbkę. Metoda analizy danych wykorzystuje testy wielokrotnej regresji. Wyniki pokazały, że agresywność podatkowa, własność instytucjonalna i dźwignia mają wpływ na zarządzanie zyskami. Podczas gdy wielkość dyrektora, niezależność dyrektora, jakość audytu, własność kierownicza i wielkość firmy statystycznie nie wpływają na zarządzanie zarobkami. Agresywność podatkowa i dźwignia mają pozytywny i znaczący wpływ na zarządzanie zyskami. Agresywność podatkowa wskazuje, że firmy o niskich stawkach podatkowych wykazują wysoką agresywność podatkową, co jest możliwe dzięki zarządzaniu zyskami. Tymczasem dźwignia pokazuje, że firmy ze źródłami finansowania dłużnego większymi niż aktywa częściej stosują zarządzanie zyskami. Własność instytucjonalna ma negatywny i znaczący wpływ na zarządzanie zarobkami. Im wyższa własność instytucjonalna, tym bardziej rygorystyczny jest nadzór kierownictwa w zakresie zarządzania dochodami.
Rocznik
Strony
516--527
Opis fizyczny
Bibliogr. 36 poz., tab.
Twórcy
  • Accounting Departement, Trisakti School of Management, Jakarta, Indonesia
  • Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia, Kedah, Malaysia
  • Accounting Departement, Trisakti School of Management, Jakarta, Indonesia
Bibliografia
  • 1. Al-Azzam Z.F., Atif A.-Q., Hazem A.-M., 2015, How The Corporate Governance Affects Organizational Strategy: Lessons From Jordan Environment, "IOSR Journal of Business and Management", 17(4), 52-66.
  • 2. Alexander N., Christina S., 2017, The Effect of Corporate Governance, Ownership and Tax Aggressiveness on Earnings Management, "Accounting and Finance Review", 2(4), 40-45. Available at: http://www.inderscience.com/link.php?id=82372
  • 3. Alexander N., Hengky, 2017, Factors Affecting Earnings Management in the Indonesian Stock Exchange, "Journal of Finance and Banking Review", 2(2), 8-14.
  • 4. Alves S., 2012, Ownership Structure and Earnings Management: Evidence from Portugal, "Australasian Accounting, Business and Finance Journal", 6(1), 57-74.
  • 5. Amertha I.S.P., Ulupui I.G.K.A., Putri I.G.A.M.A., 2014, Analysis of Firm Size, Leverage, Corporate Governance on Earnings Management Practices (Indonesian Evidence), "Journal Of Economics, Business and Accountancy Ventura", 17(2), 259-268. Available at: https://doi.org/10.14414/jebav.14.1702009
  • 6. Aygun M., Ic S., Sayim M., 2014, The Effects of Corporate Ownership Structure and Board Size on Earnings Management: Evidence from Turkey, "International Journal of Business and Management", 9(12), 123-132. Available at: https://doi.org/10.5539/ijbm.v9n12p123
  • 7. Bassiouny, S. W. (2016). The impact of firm characteristics on earnings management: an empirical study on the listed firms in Egypt. Journal of Business and Retail Management Research, 10(3), 34-45.
  • 8. Blaylock B., Gaertner F., Shevlin T., 2015, The association between book-tax conformity and earnings management, "Review of Accounting Studies", 20(1), 141-172.
  • 9. Blaylock B., Shevlin T., Wilson R.J., 2012, Tax Avoidance, Large Positive Temporary Book-Tax Differences, and Earnings Persistence, "The Accounting Review", 87(1), 91-120.
  • 10. Daghsni O., Zouhayer M., Mbarek K.B.H., 2016, Earnings Management and Board Characteristics: Evidence from French listed firm, "Arabian Journal of Business and Management Review", 6(5), 1-9.
  • 11. Firnanti, F., & Pirzada, K. (2019). Company Characteristics, Corporate Governance, Audit Quality Impact on Earnings Management. Corporate Governance, Audit Quality Impact on Earnings Management. Acc. Fin. Review, 4(2), 43-49.
  • 12. Gerayli M.S., Yanesari A.M., Maatoofi A.R., 2011, Impact of Audit Quality on Earnings Management: Evidence from Iran. "International Research Journal of Finance and Economics", 66(1), 77-84. Available at: https://doi.org/10.1159/000342552
  • 13. Gulzar M.A., Zongjun W., 2011, Corporate Governance Characteristics and Earnings Management: Empirical Evidence from Chinese Listed Firms, "International Journal of Accounting and Financial Reporting", 1(1), 133-151. Available at: https://doi.org/10.5296/ijafr.v1i1.854
  • 14. Iraya C., Mwangi M., Muchoki G., 2015, The Effect of Corporate Governance Practices on Earnings Management of Companies Listed at The Nairobi Securities Exchange, "European Scientific Journal", 11(1), 169-178. Available at: https://eujournal.org/index.php/esj/article/view/4945
  • 15. Januarsi Y., Badina T., Dian F., 2014, Leverage, Corporate Strategy and Earnings Management: Case of Indonesia, "GSTF Journal on Business Review", 3(2), 54-60.
  • 16. Jensen M.C., Meckling W.H., 1976, Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, "Journal of Financial Economics", 3(4), 305-360. Available at: https://doi.org/10.1016/0304-405X(76)90026-X
  • 17. Kamran. Shah A., 2014, The impact of Corporate Governance and Ownership Structure on Earnings Management practices: Evidence from listed companies in Pakistan. "The Lahore Journal of Economics", 19(2), 27-70.
  • 18. Koh P.S., 2003, On The Association between Institutional Ownership and Aggressive Corporate Earnings Management in Australia, "The British Accounting Review", 35, 105-128. Available at: https://doi.org/10.1016/S0890-8389(03)00014-3
  • 19. Kothari S.P., Leone A.J., Wasley C.E., 2005, Performance Matched Discretionary Accrual Measures. "Journal of Accounting and Economics", 39(1), 163-197. Available at: https://doi.org/10.1016/j.jacceco.2004.11.002
  • 20. Lenard M.J., Bing Y., 2012, Do Eearnings Management and Audit Quality Influence over-Investment by Chinese Companies?, "International Journal of Economics and Finance", 4(2), 21-30.
  • 21. Liu J., Harris K., Omar N., 2013, Board Committees and Earnings Management, "Corporate Board: Role, Duties & Composition", 9(1), 6-17.
  • 22. Llukani T., 2013, Earnings Management and Firm Size : An Empirical Analyze in Albanian Market, "European Scientific Journal", 9(16), 135-143.
  • 23. Nurdiniah D., Herlina L., 2015, Analysis of Factors Affecting the Motivation of Earnings Management in Manufacturing Listed in Indonesia Stock Exchange, "Research Journal of Finance and Accounting", 6(3).
  • 24. Pirzada, K., Mustapha, M. Z. B., & Wickramasinghe, D. (2015). Firm Performance, Institutional Ownership and Capital Structure: A Case of Malaysia. Procedia-Social and Behavioral Sciences, 211, 170-176.
  • 25. Pirzada, K. (2013). Evaluating The Factor Of Cost And Benefit Of Internal Audit. Research Journal of Finance and Accounting, 4(14), 72-79.
  • 26. Putri A., Rohman A., Chariri A., 2016, Tax Avoidance, Earnings Management, and Corporate Governance Mechanism (an Evidence from Indonesia), "International Journal of Economic Research", 13(4), 1531-1546.
  • 27. Ruan W., Tian G., Ma S., 2011, Managerial Ownership, Capital Structure and Firm Value: Evidence from China’s civilian-run firms, "Australasian Accounting, Business and Finance Journal", 5(3), 73-92.
  • 28. Selahudin N.F., Zakaria N.B., Sanusi Z.M., 2014, Remodelling the Earnings Management with the a Appearance of Leverage, Financial Distress and Free Cash Flow: Malaysia and Thailand Eevidences (sic). "Journal of Applied Sciences", 14(21), 2644-2661.
  • 29. Solikhah, B., Della Firmansyah, N., & Pirzada, K. (2017). The Influence of Effective BOC on Choice of Auditor. Pertanika Journal Of Social Science And Humanities, 25, 271-280.
  • 30. Shu P.G., Yeh Y.H., Chiu S.B., Yang Y.W., 2015, Board External Connectedness and Earnings Management, "Asia Pacific Management Review", 20(4), 265-276. Available at: https://doi.org/10.1016/j.apmrv.2015.03.003
  • 31. Susanto Y.K., 2013, The Effect of Corporate Governance Mechanism on Earnings Management Practice, "Jurnal Bisnis dan Akuntansi", 15(2), 157-167.
  • 32. Susanto Y.K., Pradipta A., Djashan I.A., 2017, Free Cash Flow and Earnings Management: Board of Commissioner, Board Independence and Audit Quality, "Corporate Ownership and Control", 14(4-1), 284-288.
  • 33. Uadiale O.M., 2012, Earnings Management and Corporate Governance in Nigeria, "Research Journal of Finance and Accounting", 3(3), 1-10. Available at: https://doi.org/10.1155/S1110865704312096
  • 34. Wati, L. N., Primiana, H. I., Pirzada, K., & Sudarsono, R. (2019). Political connection, blockholder ownership and performance. Entrepreneurship and Sustainability Issues, 7(1), 52-68.
  • 35. Yasar A., 2013, Big Four Auditors’ Audit Quality and Earnings Management : Evidence from Turkish Stock Market Department of Accounting and Finance, "International Journal of Business and Science", 4(17), 153-163.
  • 36. Yudy, Susanto Y.K., 2018, Debt Policy, Corporate Governance and Accrual Profit Management, "Equity", 21 (2), 107-115.
Uwagi
Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2020).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-ee6d1516-7f18-4283-a237-fd730ff5b603
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