_logo2.png){kind=logo}
* Corresponding Author
Pengaruh Perubahan ESG Rating Terhadap Manajemen Laba Berbasis Akrual Pada Industri-Industri yang Berdampak Langsung Terhadap Lingkungan di Indonesia Tahun 2020-2023
https://doi.org/10.22146/abis.v14i2.116208 Ahmad Tahlil(1*), Fu'ad Rakhman(2)
(1) Magister Akuntansi, Fakultas Ekonomika dan Bisnis, Universitas Gadjah Mada, Kota Yogyakarta , Indonesia
(2) Fakultas Ekonomika dan Bisnis, Universitas Gadjah Mada, Kota Yogyakarta , Indonesia
(*) Corresponding Author
Abstract
Penelitian ini menganalisis pengaruh perubahan ESG rating terhadap manajemen laba berbasis akrual pada industri-industri yang berdampak langsung terhadap lingkungan di Indonesia selama periode 2020–2023. Perubahan ESG rating diukur menggunakan nilai absolut selisih skor ESG antarperiode, dengan analisis regresi data panel fixed effects serta variabel kontrol ukuran perusahaan, profitabilitas, leverage, dan pertumbuhan. Hasil penelitian menunjukkan bahwa perubahan ESG rating berpengaruh negatif signifikan terhadap manajemen laba berbasis akrual. Selain itu, kepemilikan manajerial terbukti memperkuat hubungan tersebut, mengindikasikan bahwa dominasi alignment effect meningkatkan efektivitas perubahan ESG rating dalam menekan perilaku oportunistik manajer. Temuan ini menunjukkan bahwa mekanisme ESG tidak bekerja secara universal, melainkan bersifat kondisional terhadap struktur tata kelola internal perusahaan. Studi ini memberikan implikasi bagi manajemen, investor, dan regulator dalam merancang kebijakan kepemilikan manajerial serta mengevaluasi kredibilitas informasi ESG, sekaligus memperkaya literatur dengan perspektif dinamis ESG pada konteks industri berdampak lingkungan di negara berkembang.
Keywords
Full Text:
PDFReferences
Akyuni, Q., & Oktaryani, S. (2025). Pengaruh ESG Risk Rating terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Moderasi. e-Jurnal Ekonomi dan Bisnis, 14(9), 1351-1364.
Aryanti, I., Kristanti, F. T., & Hendratno. (2017). Kepemilikan Institusional, Kepemilikan Manajerial, dan Kualitas Audit terhadap Manajemen Laba. Jurnal Riset Akuntansi Kontemporer, 9(2), 66-70.
Borralho, J. M., Hernandez-Linares, R., & Gallardo-Vazquez, D. (2022). Environmental, Social and Governance Disclosure's impact on Earnings Management: Family versus Non-family Firms. Journal of Cleaner Production, 379.
Chan, L. H., Chen, K. C., Chen, T. Y., & Yu, Y. (2015). Substitution between Real and Accrual-based Earnings Management after Voluntary Adoption of Compensation Clawback Provisions. The Accounting Review, 90, 147-174.
Cui, H., Guo, F., & Wang, H. (2023). Does ESG Performance Reduce Earnings Management? Evidence from China. Journal of Applied Accounting Research.
Cui, X., Li, R., Xue, S., & Zhang, X. (2025). Mandatory versus Voluntary: The Real Effect of ESG Disclosures on Corporate Earnings Management. Journal of International Money and Finance, 154.
Davis, F., & Khadivar, H. (2024). Accrual and Real Earnings Management by Rumored Takeover Targets. International Review of Financial Analysis, 92.
Eliwa, Y., Aboud, A., & Saleh, A. (2021). ESG Practices and The Cost of Debt: Evidence from EU Countries. Critical Perspectives on Accounting, 79.
Farooque, O. A., Kotey, B., & Ahulu, H. (2014). Exploring Environmental Disclosure in Selected Australian Multinationals under the GRI Guidelines. Issues in Sociak and Environmental Accounting, 8(3), 137-155.
Ghozali, I., & Ratmono, D. (2017). Analisis Multivariat dan Ekonometrika Teori, Konsep dan Aplikasi dengan EViews 10 (2 ed).
Gillan, S. L., Koch, A., & Starks, L. T. (2021). Firms and Social Responsibility: A Review of ESG and CSR research in Corporate Finance. Journal of Corporate Finance, 66.
Global Sustainable Investment Alliance. (2022). Global Sustainable Investment Alliance Review. GSIA.
Imanta, D., & Satwiko, R. (2011). Faktor-faktor yang Mempengaruhi Kepemilikan Manajerial. Jurnal Bisnis dan Akuntansi, 13(1), 67-80.
Jannah, A. M., & Mildawati, T. (2017). Pengaruh Aset Perusahaan, Pajak Penghasilan, dan Mekanisme Corporate Governance terhadap Manajemen Laba. Jurnal Ilmu dan Riset Akuntansi, 6, 1-19.
Jianfeng, Z., Zexin, Z., Lutong, Z., & Mingyang, F. (2024). The Impact of ESG Rating Change on Fund Shareholding. Heliyon, 10.
Lei, Y., Yan, Y., Chen, C., Luo, T., Wang, Y., & Wu, H. (2024). Can Enterprise Green Transformation inhibit Accrual Earnings Management? Evidence from China. Heliyon, 10.
Lestari, E., & Murtanto. (2017). Pengaruh Efektivitas Dewan Komisaris dan Komite Audit, Struktur Kepemilikan, Kualitas Audit terhadap Manajemen Laba. Jurnal Media RIset Akuntansi, Auditing & Informasi, 17(2), 97-116.
Lizares, R. M. (2022). Ownership Concentration and Board Structure: Aligment and Entrenchment effects in Emerging Market. Managerial and Decision Economic, 43(6), 2557-2569.
Lou, P., & Wu, C. (2024). Environmental Effects of Foreign Indirect Investment: The Information Channel. Journal of International Money and Finance, 144.
Luo, W., Tian, Z., Fang, X., & Deng, M. (2023). Can Good ESG Performance reduce Stock Price Crash Risk? Evidence From Chinese. Corporate Social Responsibility and Environmental Management, 31(3), 1469-1492.
Mohapatra, S., Kumar, A., Mohapatra, M. R., & Srivastava, V. (2025). Does CEO Duality moderate Environmental, Social, and Governance Performance-Earnings Management Relationship? Evidence from Emerging Markets. Finance Research Letters, 73.
Ng, A. C., & Rezaee, Z. (2020). Business Sustainability Factors and Stock Price Informativeness. Journal of Corporate Finance, 64.
Pathak, R., & Gupta, R. D. (2022). Environmental, Social, and Governance Performance and Earnings Management - The Moderating Role of Law Code and Creditor's Rights. Finance Research Letters, 47.
Purnama, D. (2017). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Kepemilikan Institusional dan Kepemilikan Manajerial terhadap Manajemen Laba. JRKA, 3(1), 1-14.
Sanjaya, I. S. (2010). Efek Entrenchment dan Alignment pada Manajemen Laba. Simposium Nasional Akuntansi XIII, 1-26.
Sari, N. P., & Khafid, M. (2020). Peran Kepemilikan Manajerial dalam Memoderasi Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Kebijakan Dividen terhadap Manajemen Laba pada Perusahaan BUMN. Jurnal Akuntansi dan Keuangan, 7(2).
Saunders, M., Lewis, P., & Thornhill, A. (2023). Research Methods for Business Students (Vol. 9th ed).
Sulistyanto, S. H. (2008). Manajemen Laba: Teori dan Model Empiris. Grasindo.
Sumantri, F. A., Kusnawan, A., & Anggraeni, R. D. (2021). The Effect of Information Asymmetry, Company Size and Managerial Ownership on Income Management (Empirical Study on Manufacturing Companies Listed on Indonesia Stock Exchange). Primanomics: Jurnal Ekonomi & Bisnis, 19(1), 62.
Sun, W., Chen, S., Jiao, Y., & Feng, X. (2024). How Does ESG Constrain Corporate Earnings Management? Evidence from China. Finance Research Letters, 61.
Utami, A., Azizah, S. N., Fitriati, A., & Pratama, B. C. (2021). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Kepemilikan Publik, Dewan Komisaris, dan Komite Audit terhadap Manajemen Laba. Reviu Akuntansi Kontemporer Indonesia, 2(2), 63-72.
Wang, R., Wang, X., & Yan, Z. (2024). Sustainable Success: How High ESG Ratings affect Stock Market Responses to Earnings Surprises. Finance Research Letters, 62.
Welbeck, E. E., Owusu, G. M., Bekoe, R. A., & Kusi, J. A. (2017). Determinants of Environmental Disclosures of Listed Firms in Ghana. International Journal of Corporate Social Responsibility, 2(11), 1-12.
Xiao, X., Ge, G., & Yu, Z. (2024). Inhibition or Inducement: ESG Rating Changes and Earnings Management - Based on The Perspective of External Supervision. Finance Research Letters, 64.
Yuan, H., Luan, H., & Wang, X. (2024). The Impact of ESG Rating Events on Corporate Green Technology Innovation under Sustainable Development: Perspectives Based on Informal Environmental Regulation of Social Systems. Sustainability MDPI, 16, 8308.
Zhao, Y., Zhang, W., & Xu, S. (2022). ESG performance and earnings management: Evidence from global firms. Sustainability, 14(3), 1456.
Zhou, J., & Lei, X. (2025). ESG Rating Uncertainty and Corporate Financial Misconduct. Journal of Business Research, 189. DOI: https://doi.org/10.22146/abis.v14i2.116208
Article Metrics
Abstract views : 183
| 
views : 61
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution 4.0 International License.
______________________________________________________________________________________________________
2302 - 1500