Koneksi Politik dan Earnings Management di Indonesia

Lidya, Utamaningsi (2020) Koneksi Politik dan Earnings Management di Indonesia. Masters thesis, Universitas Andalas.

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Abstract

This study examines whether discretionary accruals value differs (a) between politically connected (PC) firms and non-PC firms (b) among the seven types of PC firms. There are firms that have more than one type of connections, therefore this study categorizes political connections into seven types. This study expanded by investigating whether discretionary accruals value differs between PC firms in the old government regime and the new government regime. Using a unique panel data set of 2.404 publicly traded firms in Indonesia, the results show that (1) PC firms conduct significantly higher level of discretionary accruals than non-PC firms (2) types of political connection bring no difference in firm’s discretionary accruals value (3) PC firms within the old regime have significantly higher value of discretionary accruals than non-PC firms within the new regime. These results imply that (a) PC firms produce more opaque earnings since its have to hide more information than non-PC firms (b) each type of political connection have almost the same ability to provide 'benefits' for the connected firms which also bring almost the same discretionary accruals value (c) PC firms within the old regime experienced difficulties and /or needed more time to establish connections with the new government regime.

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