期刊名称：JAKI (Jurnal Akuntansi dan Keuangan Indonesia)
印刷版ISSN：1829-8494
电子版ISSN：2406-9701
出版年度：2005
卷号：2
期号：1
页码：77-106
DOI：10.21002/jaki.2005.04
语种：Indonesian
出版社：Universitas Indonesia
摘要：The purpose of this study is 10 investigate the relationship benween corporate governance,information asymmery,and earnings management.Prior research indicates that information asymmetry negatively correlated with earnings management (Richurdson,2001).AS predicted,this study also found negative correlation benween bid-ask spread,as a proxy of information asymmetry,and discretiunary acruals,as a proxy of earnings management.In addion,we also test whether corporate governance mechanisms will impact the level of discretionary accruals and eventually ffct firm value.We use several varlables as proxes of corporale governance mechanismus such a instinudional ownership,audit qualiy.independent board,and existence of audit committee.We,found thar audit comittee has signi/icant negative relation with discretionary accruals.This indicates that audit commiltee existence is effectively constraining the level of earnings management.This study also has tha! proporion of independent board and existence of audit committee increase the posllive relationship benween discretionary accruals and stock return.These indicates that earnings management conducted by firms having higher proportion of independent board and firms having audit comitee wll be valued higher by the marke.
