Does earning management mediate the effect of capital structure on company value?

Hapsoro, Dody and Bahantwelu, Maria Immaculata (2020) Does earning management mediate the effect of capital structure on company value? Jurnal Ekonomi dan Bisnis, 23 (1). pp. 53-68. ISSN p-ISSN: 1979-6471 | e-ISSN: 2528-0147

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Official URL: https://ejournal.uksw.edu/jeb/article/view/2531

Abstract

This study aims to examine the effect of capital structure on company value with earnings management as a mediating variable. The capital structure is proxied using a debt to equity ratio (DER), company value is proxied using Tobin’s Q and real earnings management is proxied using costs of production activities. The research population is 144 manufacturing companies listed on the Indonesia Stock Exchange (IDX). 204 samples are used in this study. Data used in this study is the secondary data obtained from Indonesia Stock Exchange, contained on www.idx.co.id. The data analysis method used in this study is partial least squares (PLS) method using a WarpPLS 4.0 application. The results of the analysis show that capital structure has a positive effect on company value and real earnings management is proven to partially mediate the effect of capital structure on company value. The results of this study should encourage standard-setting bodies to make stricter regulations on real earnings management practices that tend to cause management to commit fraud.

Item Type: Article
Uncontrolled Keywords: capital structure, company value, real earnings management
Divisions: Dosen STIE YKPN > Artikel > Jurnal
Depositing User: Pustakawan STIE YKPN
Date Deposited: 27 Apr 2020 02:00
Last Modified: 27 Apr 2020 02:00
URI: http://repository.stieykpn.ac.id/id/eprint/832

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