THE EFFECT OF FINANCIAL DISTRESS AND INSTITUTIONAL OWNERSHIP ON EARNINGS MANAGEMENT WITH THE INDEPENDENT BOARD OF COMMISSIONERS AS A MODERATING VARIABLE

Cornella Meilani, Anggita Langgeng Wijaya, Juli Murwani

Abstract


This study aims to analyze the impact of financial distress and institutional ownership on earnings management, as well as to examine the role of the independent board of commissioners as a moderating variable. The research focuses on food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period, reflecting post-pandemic economic conditions. Employing a quantitative approach, the sample was selected using purposive sampling, resulting in 59 companies and a total of 295 observations. Secondary data were obtained from official annual reports via the IDX website. Data analysis techniques included descriptive statistics, classical assumption tests, multiple linear regression, and Moderated Regression Analysis (MRA). The results indicate that financial distress and institutional ownership have a significant negative effect on earnings management. Meanwhile, the moderation analysis reveals that the independent board of commissioners does not moderate the influence of either financial distress or institutional ownership on earnings management within this research model.

Keywords: Financial Distress, Institutional Ownership, Earnings Management, Independent Board of Commissioners

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References


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