Kesulitan Keuangan Terkait Manajemen Laba dengan Fraud Hexagon sebagai Variabel Moderasi

https://doi.org/10.35912/sakman.v4i2.3610
Published: Jan 2, 2025

Abstract:

Purpose: To empirically test and analyze the influence of a company's Financial Distress condition on Earnings Management, and to empirically test and analyze the influence of a company's Financial Distress condition on Earnings Management based on Fraud Hexagon.

Research/Methodology: Secondary data, banking financial report data, statistical analysis, quantitative methods with descriptive analysis and hypothesis testing, Warppls 7.0, evaluation of structural models and goodness of fit, collection of banking financial report data on the Indonesian stock exchange.

Results: In this research, the Financial Distress variable cannot affect the practice of Earnings Management in a company and Fraud Hexagon cannot moderate the influence of Financial Distress on (Earnings Management).

Conclusions: The presence of fraudulent elements can exacerbate the challenges faced by a company during financial distress, thereby potentially increasing the risk of fraudulent activities and unethical behavior in financial reporting.

Limitations: This study is limited by small sample size, inadequate data quality, and the influence of unexpected external factors, so the results may not be widely generalizable.

Contribution: Provides new insights into the relationship between financial distress and earnings management, has practical implications for improving financial transparency, and provides policy recommendations for tightening regulations to prevent fraud in financial reporting.

Keywords:
1. Financial Distress
2. earnings management
3. Factor Fraud
4. Partial Least Squere
Authors:
1 . Muhammad Khalid Azka
2 . Agustina Mappadang
3 . Isti Pajar Agustiani
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Azka, M. K. ., Mappadang, A. ., & Agustiani, I. P. . (2025). Kesulitan Keuangan Terkait Manajemen Laba dengan Fraud Hexagon sebagai Variabel Moderasi. Studi Akuntansi, Keuangan, Dan Manajemen, 4(2), 243–264. https://doi.org/10.35912/sakman.v4i2.3610
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Vol. 4 No. 2 (2025): Januari
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  2. Achyani, M. N., & Kusumawati, E. (2023). Pengaruh Profitability, Leverage, Liquidity, Dan Good Corporate Governance Terhadap Financial Distress. Jurnal Maneksi (Management Ekonomi Dan Akuntansi), 12(4), 899-908. doi:https://doi.org/10.31959/jm.v12i4.1999
  3. Agrawal, K., & Chatterjee, C. (2015). Earnings Management and Financial Distress: Evidence from India. Global Business Review, 16(5), 140-154. doi:https://doi.org/10.1177/0972150915601928
  4. Amalia, D. (2023). Manajemen Laba Sebagai Strategi dalam Akuntansi. Retrieved from https://www.jurnal.id/id/blog/manajemen-laba-sebagai-strategi-dalam-akuntansi/
  5. Amrizal, & Damayanti, F. (2022). Faktor-Faktor yang Mempengaruhi Audit Report Lag Serta Dampaknya Terhadap Trading Volume Activity. Jurnal Wahana Akuntansi, 17(2), 124-138. doi:https://doi.org/10.21009/wahana.17.021
  6. Andrew, Candy, & Robin. (2022). Detecting Fraudulent of Financial Statements Using Fraud S.C.O.R.E Model and Financial Distress International Journal of Economics, Business and Accounting Research (IJEBAR), 6(1), 696-707. doi:https://doi.org/10.29040/ijebar.v6i1.4394
  7. Anisa, S., Shafitranata, MT, R. A., & Octavia, R. (2023). Pengaruh Rasio Keuangan Terhadap Financial Distress Perusahaan Makanan dan Minuman di Indonesia Sebelum dan Saat Covid-19. Nominal Barometer Riset Akuntansi dan Manajemen, 12(2), 166-176. doi:https://doi.org/10.21831/nominal.v12i2.58346
  8. Armour, J., & Skeel Jr, D. A. (2006). Who Writes the Rules for Hostile Takeovers, and Why - The Peculiar Divergence of U.S. and U.K. Takeover Regulation. Georgetown Law Journal, 95, 1727-1793.
  9. Asien, E. N. (2023). Relationship Between Intangible Assets, Called-Out Directors’ Operational Dichotomy and Corporate Financial Performance. International Journal of Financial, Accounting, and Management, 5(2), 149-164. doi:https://doi.org/10.35912/ijfam.v5i2.1298
  10. Ayem, S., Cahyaning, E. K., Sari, P. R., Sogen, A. H. A., Puspita, A., & Priambodo, D. (2023). Faktor-Faktor yang Mempengaruhi Terjadinya Financial Distress. Reslaj: Religion Education Social Laa Roiba Journal, 5(6), 3057-3076. doi:https://doi.org/10.47467/reslaj.v5i6.2971
  11. Bensaadi, I. (2023). Pengaruh Free Cash Flow, Konservatisme Akuntansi, dan Financial Distress Terhadap Earning Management pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Akuntansi Malikussaleh (JAM), 2(3), 342-350. doi:https://doi.org/10.29103/jam.v2i3.11782
  12. Bergh, D. D., Ketchen Jr, D. J., Orlandi, I., Heugens, P. P., & Boyd, B. K. (2019). Information Asymmetry in Management Research: Past Accomplishments and Future Opportunities. Journal of management, 45(1), 122-158. doi:https://doi.org/10.1177/0149206318798026
  13. Biurrun, V., & Rudolf, M. (2010). The Costs of Bank Earnings Management. SSRN Electronic Journal, 1-33. doi:https://dx.doi.org/10.2139/ssrn.1569496
  14. Buallay, A., Hamdan, A. M., Reyad, S., Badawi, S., & Madbouly, A. (2020). The Efficiency of GCC Banks: The Role of Intellectual Capital. European Business Review, 32(3), 383-404. doi:https://doi.org/10.1108/EBR-04-2019-0053
  15. Clinard, M. B., & Cressey, D. R. (1954). Other People's Money: A Study in the Social Psychology of Embezzlement. American Sociological Review, 19(3), 362-363. doi:https://doi.org/10.2307/2087778
  16. Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1996). Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC. Contemporary Accounting Research, 13(1), 1-36. doi:https://doi.org/10.1111/j.1911-3846.1996.tb00489.x
  17. Egami, N., & Lee, D. D. I. (2024). Designing Multi-Site Studies for External Validity: Site Selection via Synthetic Purposive Sampling. SSRN Electronic Journal, 1-71. doi:https://dx.doi.org/10.2139/ssrn.4717330
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