The effect of company life cycles on the accruals earnings management with internal control system as moderating variable

• Autorzy: Hastuti T. D. , Ghozali I. , Yuyetta E. N. A.

Identyfikatory

DOI

10.17512/pjms.2017.15.1.07

Warianty tytułu

PL

Wpływ cykli życia firmy na kształtowanie wyniku rozliczeń międzyokresowych z systemem kontroli wewnętrznej jako zmienną moderującą

• Języki publikacji: EN

Abstrakty

EN

Earnings management and company life cycles are still interesting to be researched and discussed because there are many cases of fraud in large local companies and abroad. The financial scandals by management from year to year have proven to increase and it is an irony because the scandals were committed by financial manager of reputable companies. This study examined the relationship between the company life cycles on accruals earnings management and analyzed the internal control system to moderate the relationship between the company life cycles on accruals earnings management. This study used 502 data panel from Indonesian capital stock exchange in 2010-2014. The result of this study: the company life cycles did not affect the accruals earnings management, but the internal control system was capable of lowering a positive effect of the company life cycles on earnings management.

PL

Zarządzanie zyskami i cykle życia firmy są wciąż interesującym tematem do zbadania i omówienia, ponieważ w dużych firmach lokalnych i zagranicznych odnotowuje się wiele przypadków oszustw. Skandale finansowe dotyczące kierownictwa z roku na rok stają się coraz bardziej powszechne i ironią jest, że oszustwa popełniane były przez kierowników finansowych renomowanych firm. W niniejszym badaniu zbadano związek pomiędzy cyklami życia firmy w zakresie kształtowania wyniku rozliczeń międzyokresowych i przeanalizowano system kontroli wewnętrznej w celu złagodzenia relacji pomiędzy cyklami życia przedsiębiorstwa w zakresie kształtowania wyniku rozliczeń międzyokresowych. W badaniu wykorzystano panel 502 danych z indonezyjskiej giełdy kapitałowej z lat 2010-2014. Wynik badania: cykle życia firmy nie miały wpływu na kształtowanie wyniku rozliczeń międzyokresowych, ale system kontroli wewnętrznej mógł obniżyć pozytywny wpływ cykli życia firmy na kształtowanie wyniku finansowego.

Słowa kluczowe

EN

accrual earnings management; company life cycles; internal control system

PL

kształtowanie wyniku rozliczeń międzyokresowych; cykle życia firmy; system kontroli wewnętrznej

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2017
• Tom: Vol. 15, No. 1
• Strony: 66--75
• Opis fizyczny: Bibliogr. 28 poz., tab.

Twórcy

autor

Hastuti T. D.

• Faculty of Economics and Business, Soegijapranata University, Semarang, Indonesia
• PhD Candidate in Accounting at the Faculty of Business and Economics, Diponegoro University, Indonesia

autor

Ghozali I.

• Faculty of Business and Economics Diponegoro University, Indonesia

autor

Yuyetta E. N. A.

• Faculty of Business and Economics, Diponegoro University, Indonesia

Bibliografia

• 1. Addin M.M., Jouyban V., 2012, A Study of relationship between Accrual over life Cycles of Listed Firms in Tehran Stock Exchange, “Interdisciplinary Journal of Contemporary Research in Business”, 4(6).
• 2. Anggraini A.R., 2007, The effect of Company Life Cycle Earnings Management: Empirical studies in manufacturing company in Indonesian Capital Market 2009-2011, Draft article, Brawijaya University, Malang, Download in March 15, 2015.
• 3. Anthony J.H., Ramesh K., 1992, Association between Accounting Performance Measures and Stock Prices: A Test of the Life Cycle Hypothesis, “Journal of Accounting and Economics”, 15.
• 4. Balsam S., 1998, Discretionary accounting Choice and CEO Compensation, “Contemporary Accounting Research”, 15(3).
• 5. Baron R.M., Kenny D.A., 1986, The moderator-Mediator Variable Distinction in Social Psychological Research: Conceptual, Strategies, and Statistical Considerations, “Journal of Personality and Social Psychology”, 51(6).
• 6. Bergstresser D., Philippon T., 2006, CEO incentives and earnings management, “Journal of Financial Economics”, 80(3).
• 7. Bronson N., Carcello V., Raghunandan K., 2006, Firm Characteristic and Voluntary Management Report on Internal Control, “Auditing: A Journal of Practice and Theory”, 25(2).
• 8. Bulan L., Yan Z., 2010, Firm Maturity and The Pecking Order Theory, Draft article, International Business School, Brandeis University.
• 9. Cohen D.A., Zarowin P., 2010, Accrual-Based and Real Earnings Management Activities around Seasoned Equity Offerings, “Journal of accounting and Economics”, 50.
• 10. Dechow P.M., Skinner D.J., 2000, Earnings Management: Reconciling the Views of Accounting Academics, Practitioners, and Regulators, “Accounting Horizons”, 14(2).
• 11. Dechow M., Dichev I.D., 2002, The Quality of Accruals and Earnings: The role of Accrual Estimation Error, “The Accounting Review”, 77.
• 12. Dechow P.M., Sloan R.G., 1991, Executive incentives and the horizon problem: An empirical investigation, “Journal of Accounting and Economics”, 14.
• 13. Deumes R., Knechel W.R., 2008, Economic Incentives for Voluntary Reporting on Internal Risk Management and Control Systems, “Auditing: A Journal of Practice and Theory”, 27(1).
• 14. Fama E.F., Jensen M.C., 1983, The separation of ownership and control, “The Journal of Law and Economics”, 26(June).
• 15. Hastuti S., 2011, Critical point earnings management in change of company life cycles: analysis real earnings management and accruals earnings management, “Jurnal Akuntansidan Keuangan Indonesia”, 8(2).
• 16. Healy P.M., 1985, The effect of bonus schemes on accounting decision, “Journal of accounting and economics”, 7.
• 17. Healy P.M., Wahlen J.M., 1999, A review of Earnings Management Literature and its Implication for Standard Setting.
• 18. Hunziker S., 2013, Internal Control Disclosure and Agency Costs - Evidence from Swiss listed non-financial Companies, Working paper, Institute of Financial Services Zug IFZ, Lucerne University of Applied Sciences, Grafenauweg 10, 6304 Zug, Switzerland.
• 19. Jessen M.C., Mekling W.H., 1976, Theory of The Firm: Managerial Behavior, agency costs, and ownership structure, “Journal of Financial and Economics”, 3.
• 20. Osma B.G., 2008, Board Independence and Real Earnings management: The Case of R&D Expenditure, “Corporate Governance: An International Review”, Forthcoming.
• 21. Quinn R.E., Cameron K., 1983, Organizational Life Cycles and Shifting Criteria of Effectiveness: Some Preliminary Evidence, “Management Science”, 29(1).
• 22. Rink D.R., Swan J.E., 1979, Product Life Cycles: A literature Review, “Journal of Business Research”, 7.
• 23. Sabol A., Sanderand M., Durdica F., 2013, The Concept of Industry Life Cycle and Development of business Strategies, International conference 19-21 Juni 2013, Croatia.
• 24. Scott W.R., 1997, Financial Accounting Theory, (6th Ed.), Prentice Hall, Scarborough.
• 25. Shiue M.J., Chang Y.S., Jhu L.Y., 2012, Real Earnings Management and Future Performance: Testing the Life-Cycle Hypothesis, Working paper, Deloitte Taiwan.
• 26. Subekti I., 2012, Accruals and Real Earnings management: One of The Perspectives of Prospect Theory, “Journal of Economics, Business and Accountancy Ventura”, 15(3).
• 27. Suyono E., Hariyanto E., 2012, Relationship between Internal Control Internal Audit and Organization Commitment with Good Governance: Indonesian Case, “China-USA Business Review”, 11(9).
• 28. Yan Z., 2006, A New Methodology of Measuring Corporate Life Cycle Stage, Working Paper, International Business School Brandies University.

Uwagi

Opracowanie ze środków MNiSW w ramach umowy 812/P-DUN/2016 na działalność upowszechniającą naukę (zadania 2017).