IMPLIKASI CORPORATE GOVERNANCE DAN FREE CASH FLOW PADA MANAJEMEN LABA DI PERUSAHAAN YANG MEMPEROLEH SERTIFIKAT CORPORATE GOVERNANCE PERCEPTION INDEX

摘要

ABSTRAKudImplikasi Corporate Governance dan Free Cash Flow padaudManajemen Laba di Perusahaan yang Memperoleh SertifikatudCorporate Governance Perception IndexudImplication of Corporate Governance and Free Cash Flowudon Earnings Management at Companies that RetainudCertificate of Corporate Governance Perception IndexudFeny RustanudHarryantoudAini IndrijawatiudPenelitian ini bertujuan untuk menguji implikasi corporate governance dan free cash flow pada manajemen laba. Teknik pengambilan sampel menggunakan purposive sampling. Sampel yang digunakan sebanyak 32 perusahaan yang memperoleh sertifikat Coporate Governance Perception Index (CGPI) dari tahun 2010-2012 dan mempublis laporan keuangannya dari tahun 2013-2016. Data perusahaan diperoleh dari Indonesian Institution for Corporate Governance (IICG) melalui contact person vivi@iicg.org. Penelitian ini menggunakan model analisis regresi berganda. Alat yang digunakan untuk menguji regresi adalah spss 22. Hasil pengujian parsial menunjukkan bahwa (1) corporate governance berimplikasi pada penurunan tindak manjemen laba dan (2) free cash flow yang memadai berimplikasi pada peningkatan manajemen laba.udKata Kunci: sertifikat Coporate Governance Perception Index, corporate governance, free cash flow, manajemen labaudThis research was aim to exmine the implication of Corporate Governance and Free Cash Flow on Earnings Management. The sampling method was purposive sampling. There was 32 companies that had retained Certificate of Corporate Governance Perception Index (CGPI) from 2010 to 2012 and Publish their financial statements between 2013 and 2016. The Companies data was taken from Indonesian Institution for Corporate Governance (IICG) by contact person vivi@iicg.org. Multiple linier regression analysis was used for this research. The application spss 22 was used for regression analysis. The result show (1) corporate governance has implication on earnings management decline and (2) the high free cash flow has implication on increase of earnings management.udKeywords: Certificate of Corporate Governance Perception Index, corporate governance, free cash flow, earnings management.