DCONOMICS
FACULTY
ANDALAS
UNIVERSITY
THESIS
THE
TNFLUENCE
OF
BOARD OF COidMISSION-ERS'
CHARACTERISTICS
ON
EARNING
MANAGEMENT;
The
C6c
of
Manafacturing
ConAany
ListcdjL<,Dx
f.:";r-{1*
By:
NOVY
ASMIDAR
lrndergmdu.rc Siudcnr of ,^ccoutrlr.e Den,rtD€nt
Srbmitlcd
iDPartiali'ullfillment
for
theUnde.g.adurt.
Dcqrec
ir
Accountibs
|he
obj.cte
oJ thirnd! b
ddniru
thz inJtwrte oJB.anl ot
CoDDti:sioft^lhuutt.iii6
ilhnhurt
Boa ofcan"t^lhn.r::i:?
3.n
l
af
conni!:i.tuf:
conpositionad
ltulep.hdetoc.nn^sioEr!
spetiett
'n
n
ane.
nmins nuna:4cn(nt Th^i
tt!
tulkls :atryt!fa
r'12 .anD.nits tntett in th.hdn{actiihs
edo.
d
lkdoresion stackFt
h.B.
nDt
Jtuk 20U 2AA6h
&oirl bnt\ .oh4tuh)r\ tiallntiot.lls
ontrullinttuift|.
Tlt
re:ut^ aJtht
iutlt
shov thd Roed olCnnninkrcn
sia
ha
i8iEniJimt,.ti/^2 irlrtru
an c.hiha
nt hagncht
hr
l,r k^t 4
Bo.r.l ol
cann^siour:
.ohtpotriokI
h6
reqdi,erishi|icet
ihJl,.rc. on euninEn.nosa .nt brline &Llitls
ltu..,trolln\
vdtutbt.i\'cv
ltk:\
4to
urunE the .onhalljhg vanableifto
thercgesio,
nodelBa
dol
Conhisliohets .onpo\nionhu\
in'iE'tf(nt
tpqlrit.
ia/lkrt .u
eon,ihtnotuE
t"t
tkaepend.
<:.m*siorets
Expetiemn liwm
atn
h6
jnsisnild
n(ali! n{t.h! .r
edt it'a"nhq!,tu,1
Ttklr l\
oJthi\
i t trt.
nfeahd that nonitatkE fundio" br Roord .tcondxsionelt is
"o1 tunniry \|el|
in ltulonc:i.n ,nd,lu.nnins
d)hea-K()\"u'rt:
B!.iltla.ht
Eaming Dd,rgcmcnt by coinp Lcs
h6
bcn
poPulrin
acalcnrcredft
sinccy€6
aEo. dtnoueh wning ndagc'nenttrnoi
b! inErprercd6
a
n*atire
acrion lnca ir dds norelclt
conccnFth
4mre
m
ipulation(cuhanri 2000), dc rcsent ircb havc
rclullrl
in s.pdatc*ay
while rrnronrd
UondCoD
rc
rhc prime cxmrplcs olcmrg
bsagcmcri Dmcrc. in $c yctror 1993 !J 2001.
llndoalsHdau
rhich involvcl lidoncsid Public compMv such$
Pl
Lippo Tbkod
l'l
Kimia Fdmabt
ndripularingln.n
lineoialshtcmcn! ha be.n provcn (lloediono 2005) Thcsc ti4ts hare gcnerdicn a publrc
pcrcaprion dDr eamins mamgcrncni is u(ilizcd opp.nunislcaLly by comP&} s
Bsages
Inr thcn own intcrcsrdher
$e
lor&npar} it sell
Findoial s&rcmcnt5 !
'nanagemmls nujor
t@l
'n
rnrbnni'rs.o'npaD\iinrtial
D$u$ing
€i
neconccpr.
h
aSenct €ncepl. pnncipcls Ghtchold.n)gi!.
nandale to ag.nrs(udraqc^) to p.ribtr
sones.viuc
d dclc8dirg dec i\ion mdlh8au$orilvtu zgenb. Mdagcrs,a
comp y s erccutivc knoN norc anoui intmal intnnnatnrni)
ho aeurc
i', abusinc inlbmarrn in oderro &hicvcrrun
ha
tr'lunols .unrstdr'rs
co^ccried e\Ftidllyatrd
compsts
tururu prospecr rh,n ihc shaclDld.n do. Bccdus.ol
thar.ignal could br thc ecounting i'nnmrarion suoh
a
tinrcid
suknrent thd malessh'eh.klcn
rled
on fimnci.L starehdt nuch nore. Ihis unbalansc mndirionairns
b
$lo.maLion symmetrtlljiyudD
20061. Ho$erea $e in,bmdion rhddkrihded $merimes
is
nor rhe@i
one
lhis
unreal infomarion muld dndbucd b€cese $c i.lorman.n aslnrnerrybe$en
murgesdd
oxcrnal inlomanon uses aLlo*s rMagersio
Lse then discrelionin
propeng dr\iellnd'ng inlumeron rur ln!nww adlMllge.
h
linan.ul
sratement,ulriJr
is
ths
rcprcsetdiotrol
acoounringi'rionnation. dists
sninga
ihpotunr compon.nr ihdusl
a
p€nomdcc msu.emenr. Hcnce. @ninsolton bo.n mmage by manegeb io _mdcrp
$cnp.fbnn
ce.E:drg
msaeemsnt nssll
would c@tunEliable inrbmdrion toBciig inverigatln nris issues, it
n'les
e.s
ro ob$dc lrcn €lporareeovfldcc
oreriew.
Hd
(1995in
Ninssi 20061rulg.s6
thar arp.Bregovemuce Bsues
dis.
in orgdizalion whenever r*o condnions ee preentFns! there is
r
agency problom. or conflict ol LntEs! involvins mombc6 ot orsriization dcsc might b€olnLt!
Dsagee workeq orconsuh!'6 Secon4trssrion
oois are such rhar rhr agency poble'' cdnor bo doalt Nith lhrough ause6, especially rlrc ext.nai usc6 linvesto( credib4 rnd govemmcnt)
lhs
dcton h6 bluftdfit
tll
compey sp.rLmde
a.d dec@s€n shaftholdcr'slhe
mainrc6or
inr
mraromcn.t$dcnct
$
mease rheemng
mmdlc.rnt's the lack
olcoqrac
govenduo prac!c6. Corpontegovemucc
Commhsione6' chmcreri$hs includirg Boad of Commissioncr' size (B.CSizc),
D@d
dl
CommissioneB conposnion (BoCComp),and
lndepenJenl(lommissidn.^ exp€rience
in
financc(lbcErp)
This rcsearch uses hdonesir mrulacidine li$ed company as popularion md choso 42sple
in period 200.12006. Sizc
dl
compuysill
b!
functioncd6
lariablD cottrolio
avod bias insal!7inedah. Thc rcsults ol h$othcsis rc$ing dc:
l.
Hyporhcsis l:R.rd
olConmission.ls lzc hassEnilicatrrposilive inJluenre.n cminananagement
l,rm
rh. hypdlhcsis lesiing, the signilical value ol Eord ol Commisjionc6'sizeinalphdlcvel(o)00jis 0.463>0.05(o)andcoetncientvalueis0.02l.
Cdiclusion:
id
hwolhBsis (H1l rtircreJ. uhichBIIJ
olCommlssioncasslze hrs insignilicanl posnire influence oremlne nanagemenr.
l.
Hypllhcsk 2: Bord olComrnisionc6' cohposition has significm! ncgativc in nuenc. onffins
m{aeementCHAPIf,R V
CONCLUSION
Thc purpose olthis tuscarc[ is !o obsefre the corpoEie
*hi.h k
Board ofCondissioreu' chdeterisrics oo@ing
lmm rhe hlpdrhcsis resting, dE signilcanr valuc oiBoard olCommissiotrcu'
conposition {ll.Cconp) in alpha lcvcl is 0011 < 0.05 {o) md coemcienr
Refe.etrces
Boefiono Oifeon. S
B
2OOi Kt^11\r:l,abat Shldi P.nsunlhnekaritn(
(atporuk Aotlratrcc.lan
D.tn
dk Mdnqentd Luht d?ngd,tic
{:tnuiun
;aui'l^,tuiu.5y
Dosiu. NbnnLal Ak uh0siViij.
l)one lriki 20(ri
Bo.rdhllp/
rle
rsm comChloutrou, S. BcraLd. J. mdCoulcu. L.1001. corpodtc
c.vcrnrcc
and D.rnnruMdalcment hftp//*qq svn corn
Form
li'(
oqrorarc Covcmancc in ind.nesia 200J. h1b//s$s7tiei.or.idIorur
lor Corponlc Govc.rarcr in'ndoNsia.2005.
)rrlnr,/ri*rl.!i
or idGumdi. T.
A
2000
Einnre Muasen.nr:
sndtr
TelMhP0nak!
.,LrnalAkunrdsi KeuaDgan Vol.
2
hn!//puslir.eta.ac id.iounalaccounrinqHcNin..
S.
1007. lnlcmal Corcrnrnce Mechrnism andlertbrmdcc
orlndoncsian CoDpdy Non-l.inancial Lisled in Jakarta Srock L\chdee
l;|dtt&ollur
Dc!,le
Tl)t:^
A,dllas UdveAit'oll
lo&sia lndoncsia.2007 Undms Undms No. 40 1anun 2007 Peserua !erbal6.lndo.csian C.dc tbrCorporalc Colcrnftce 2001 Indonesia.
i
tiotrssidr Cutts li,' Co'Etrate(;ovrnudus 2006. n'duresia.Indonesia Slock ExchsJre websile. http//N$.idx.co.id
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a.i
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l.ukliaman
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icni
Maichloedz, M.
lndMidirsbq
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dm
indiklsi
Mn.ajenren Laba.Sjnposnh
N.shnal