Article Sidebar

Download
View Article
Statistic
Read Counter : 398 Download : 310

Downloads

Download data is not yet available.

Main Article Content

Abstract

Green accounting and earnings management are two concepts in accounting that have different focuses but can be interrelated in corporate practice. This study was conducted to determine the effect of green accounting implementation on earnings management before and during the COVID-19 pandemic. The research population consists of manufacturing companies listed on the Indonesia Stock Exchange in 2019–2021. The research sample consisted of 159 companies selected through a purposive sampling technique. Data analysis was carried out through regression analysis methods, paired sample t-tests, and the McNemar test. The results showed that there were differences in earnings management practices in the period before and during the COVID-19 pandemic. Meanwhile, green accounting practices before and during the COVID-19 pandemic showed no difference and had no significant effect on earnings management in that period. Significant profitability during the pandemic seems to be more dominant in influencing earnings management than green accounting practices.

Keywords

Green Accounting Earnings Management COVID-19 Pandemic

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Azizah, W., & Fujianti, L. . (2024). Green Accounting and Earnings Management In Indonesian Manufacturing Companies. Atestasi : Jurnal Ilmiah Akuntansi, 7(2), 884–894. https://doi.org/10.57178/atestasi.v7i2.841
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX

References

  1. Alsamhi, M. H., Al-Ofairi, F. A., Farhan, N. H. S., Al-ahdal, W. M., & Siddiqui, A. (2022). Impact of Covid-2019 on firms’ performance: Empirical evidence from India. Cogent Business and Management, 9(1), 1–16. https://doi.org/10.1080/23311975.2022.2044593
  2. Ariani, M., & Zulhawati. (2023). Implementation of Green Accounting in Efforts to Prevent Environmental Pollution to Support Business Continuity. International Journal of Business, Humanities, Education and Social Sciences (IJBHES), 5(1), 29–39. https://doi.org/10.46923/ijbhes.v5i1.245
  3. Arum, E. D. P. (2019). The Implementation of Green Accounting and its Implication on Financial Reporting Quality in Indonesia". Journal of Business Studies and Management Review (JBSMR), 3(1), 67–75.
  4. Azizah, W. (2017a). Trend and Tradeoff Between Accrual Earnings. Jurnal Media Riset Akuntansi, Auditing & Informasi, 17(2), 159–172.
  5. Azizah, W. (2017b). Trend and Tradeoff Between Accrual Earnings Management and Real Earnings Management In Indonesia. Jurnal Media Riset Akuntansi, Auditing & Informasi, 17(2), 159–172. https://doi.org/http://dx.doi.org/10.25105/mraai.v17i2.2079
  6. Azizah, W. (2021). Covid-19 in Indonesia: Analysis of Differences Earnings Management in the First Quarter. Jurnal Akuntansi, 11(1), 23–32. https://doi.org/10.33369/j.akuntansi.11.1.23-32
  7. Azizah, W. (2022). Pandemi COVID-19: Apakah Mempengaruhi Green Accounting di Indonesia? Review of Applied Accounting Research (RAAR), 2(2), 153. https://doi.org/10.30595/raar.v2i2.13679
  8. Azizah, W., Andamari, B. G., & Ilham, H. M. (2024). Can Fraud Hexagon Detect Financial Statement Fraud in Healthcare Sector Companies in Indonesia ? Jurnal Ekonomi, 13(01), 27–35. https://doi.org/10.54209/ekonomi.v13i01
  9. Azizah, W., Fredy, H., & Wahyoeni, S. I. (2023). COVID-19 and Financial Outcome in Tourism Sub-Sector Company in Indonesia. International Journal of Business and Management Invention (IJBMI), 12(4), 80–84. https://doi.org/10.35629/8028-12048084
  10. Azizah, W., Fredy, H., & Zoebaedi, F. (2022). COVID-19: Accrual Earnings Management Practices in Pharmaceutical Companies in Indonesia. Jurnal Akuntansi, 12(3), 223–238. https://doi.org/10.33369/jakuntansi.12.3.223-238
  11. Azizah, W., Murni, Y., & Utami, R. R. (2022). Pengaruh Financial Target, Ineffective Monitoring, Pergantian Auditor, dan Perubahan Direksi Terhadap Kecurangan Laporan Keuangan. Widyakala: Journal of …, 9(2), 99–109.
  12. Azizah, W., & Nurjaman, M. I. (2023). Determinant of Coal Sector Firm Value in Indonesia. International Journal of Business and Technology Management, 5(4), 412–423. https://doi.org/https://doi.org/10.55057/ijbtm.2023.5.4.37
  13. Azizah, W., Thalib, S., Hermawati, A., & Febrian, A. (2022). UMKM Binaan Posdaya Kenanga Jagakarsa Bertahan Ketika Pandemi COVID-19 Melalui Peningkatan Keterampilan Perhitungan Harga Pokok Produksi. Abdi Implementasi Pancasila: Jurnal Pengabdian Masyarakat, 2(2), 64–70. https://doi.org/https://doi.org/10.35814/abdi.v2i2.3419
  14. Badan Pusat Statistik. (2022). Pertumbuhan Ekonomi Indonesia Triwulan IV-2021. 14, 1–16. https://doi.org/10.33146/2307-9878-2022-2(96)-143-151
  15. Cahyo, R. D., Murni, Y., & Azizah, W. (2022). Determinan Integritas Laporan Keuangan. AKRUAL: Jurnal Akuntansi Dan Keuangan, 4(1), 1–10.
  16. Chasbiandani, T., Rizal, N., & Indra Satria, I. (2019). Penerapan Green Accounting Terhadap Profitabitas Perusahaan Di Indonesia. AFRE (Accounting and Financial Review), 2(2), 126–132. https://doi.org/10.26905/afr.v2i2.3722
  17. Choiriah, S., & Lysandra, S. (2022). Effect of Green Accounting, Intellectual Capital on Financial Performance, and Competitive Advantage as Moderating Variables. Technium Social Sciences Journal, 34, 362–373.
  18. Dewi, P. P., & Wardani, I. D. S. (2022). Green Accounting, Pengungkapan Corporate Social Responsibility dan Profitabilitas Perusahaan Manufaktur. E-Jurnal Akuntansi, 32(5), 1117. https://doi.org/10.24843/eja.2022.v32.i05.p01
  19. Dewi, S. F., & Muslim, A. I. (2022). Pengaruh Penerapan Corporate Social Responsibility (CSR) dan Green Accounting Terhadap Kinerja Keuangan. Jurnal Akuntansi Indonesia, 11(1), 73. https://doi.org/10.30659/jai.11.1.73-84
  20. Dhar, B. K., Sarkar, S. M., & Ayittey, F. K. (2021). Impact of social responsibility disclosure between implementation of green accounting and sustainable development: A study on heavily polluting companies in Bangladesh. Corporate Social Responsibility and Environmental Management, 29(1), 71–78. https://doi.org/10.1002/csr.2174
  21. Faizah, B. S. Q. (2020). Penerapan Green Accounting Terhadap Kinerja Keuangan. Jurnal Riset Akuntansi Kontemporer, 12(2), 94–99. https://doi.org/10.23969/jrak.v12i2.2779
  22. Garfatta, R. (2021). Corporate Social Responsibility and Earnings Management: Evidence from Saudi Arabia after Mandatory IFRS Adoption*. Journal of Asian Finance, 8(9), 189–0199. https://doi.org/10.13106/jafeb.2021.vol8.no9.0189
  23. Gerged, A. M., Albitar, K., & Al-Haddad, L. (2023). Corporate environmental disclosure and earnings management—The moderating role of corporate governance structures. International Journal of Finance and Economics, 28(3), 2789–2810. https://doi.org/10.1002/ijfe.2564
  24. Hapsari, H. R., Irianto, B. S., & Rokhayati, H. (2021). Pentingnya AlokasiBiaya Lingkungan terhadap Kinerja Lingkungan dan ProfitabilitasPerusahaan. JURNAL RISET AKUNTANSI DAN KEUANGAN, 9(2), 407–420. https://core.ac.uk/reader/478022030
  25. Kalbuana, N., Prasetyo, B., Asih, P., Arnas, Y., Simbolon, S. L., Abdusshomad, A., Kurnianto, B., Rudy, R., Kardi, K., Saputro, R., Yohana, Y., Sari, M. P., Zandra, R. A. P., Pramitasari, D. A., Rusdiyanto, R., Gazali, G., Putri, I. A. J., Nazaruddin, M., Naim, M. R., & Mahdi, F. M. (2021). Earnings Management Is Affected By Firm Size, Leverage And Roa: Evidence From Indonesia. Academy of Strategic Management Journal, 20(SpecialIssue2), 1–12.
  26. Kim, Y., Park, M. S., & Wier, B. (2012). Is earnings quality associated with corporate social responsibility? Accounting Review, 87(3), 761–796. https://doi.org/10.2308/accr-10209
  27. Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005). Performance Matched Discretionary Accrual Measures. Journal of Accounting and Economics, 39(1), 163–197. https://doi.org/10.1016/j.jacceco.2004.11.002
  28. Kulp, S. A., & Strauss, B. H. (2019). New Elevation Data Triple Estimates of Global Vulnerability to Sea-Level Rise and Coastal Flooding. Nature Communications, 10(1), 1–12. https://doi.org/10.1038/s41467-019-12808-z
  29. Lakhal, N., & Dedaj, B. (2020). R&D disclosures and earnings management: The moderating effects of IFRS and the global financial crisis. Journal of Financial Reporting and Accounting, 18(1), 111–130. https://doi.org/10.1108/JFRA-10-2019-0129
  30. Lassoued, N., & Khanchel, I. (2021). Impact of COVID-19 Pandemic on Earnings Management: An Evidence from Financial Reporting in European Firms. Global Business Review, November. https://doi.org/10.1177/09721509211053491
  31. Liu, Z.-J., Pypłacz, P., Ermakova, M., & Konev, P. (2020). Sustainable Construction as a Competitive Advantage. Sustainability, 12, 1–13. https://doi.org/10.3390/su12155946
  32. Maama, H., & Appiah, K. O. (2019). Green Accounting Practices: Lesson from an Emerging Economy. Qualitative Research in Financial Markets, 11(4), 456–478. https://doi.org/10.1108/QRFM-02-2017-0013
  33. Majid, M., Lysandra, S., Masri, I., & Azizah, W. (2020). Pengaruh Kecakapan Manajerial Terhadap Manajemen Laba Akrual dan Riil. Jurnal Ilmiah Akuntansi Dan Manajemen (JIAM), 16(1), 70–84. https://doi.org/https://doi.org/10.31599/jiam.v16i1.115
  34. Martínez-Ferrero, J., Garcia-Sanchez, I. M., & Cuadrado-Ballesteros, B. (2015). Effect of Financial Reporting Quality on Sustainability Information Disclosure. Corporate Social Responsibility and Environmental Management, 22(1), 45–64. https://doi.org/10.1002/csr.1330
  35. Michael, R., Raharjo, S. T., & Resnawaty, R. (2019). Program Csr Yayasan Unilever Indonesia Berdasarkan Teori Triple Bottom Line. Focus : Jurnal Pekerjaan Sosial, 2(1), 23. https://doi.org/10.24198/focus.v2i1.23116
  36. Muttakin, M. B., Khan, A., & Azim, M. I. (2015). Corporate Social Responsibility Disclosures and Earnings Quality: Are They a Reflection of Managers’ Opportunistic Behavior? Managerial Auditing Journal, 30(3), 277–298. https://doi.org/10.1108/MAJ-02-2014-0997
  37. Nguyen, H. T. X. (2022). The Effect of COVID-19 Pandemic on Financial Performance of Firms: Empirical Evidence from Vietnamese Logistics Enterprises. Journal of Asian Finance, 9(2), 177–0183. https://doi.org/10.13106/jafeb.2022.vol9.no2.0177
  38. Pakawaru, M. I., Mayapada, A. G., Afdalia, N., Tanra, A. A. M., & Afdhal, M. (2021). The Relationship of Corporate Social Responsibility (CSR) Disclosure and Earnings Management: Evidence from Indonesia. Journal of Asian Finance, Economics and Business, 8(2), 903–909. https://doi.org/10.13106/jafeb.2021.vol8.no2.0903
  39. Prasetyo, Y., Amyulianthy, R., Azizah, W., S, B. G., Lysandra, S., & Suryadi, H. (2021). Pengaruh Pengungkapan Islamic Social Reporting Dan Corporate Governance Terhadap Accruals Earning Management Pada Perbankan Syariah Di Indonesia. Al-Mal: Jurnal Akuntansi Dan Keuangan Islam, 2(01), 01–16. https://doi.org/10.24042/al-mal.v2i01.8032
  40. Purnama, I., & Nurdiniah, D. (2019). Profitability, Firm Size, and Earnings Management: the Moderating Effect of Managerial Ownership. 73(Aicar 2018), 41–46. https://doi.org/10.2991/aicar-18.2019.10
  41. Rahman, M. M., & Islam, M. E. (2023). The Impact of Green Accounting on Environmental Performance: Mediating Effects of Energy Efficiency. Environmental Science and Pollution Research, 30(26), 69431–69452. https://doi.org/10.1007/s11356-023-27356-9
  42. Ratna, L., & Hasanah, U. (2019). Triple Bottom Line Theory Dalam Perspektif Corporate Social Responsibility. Majalah Keadilan FH UNIHAZ, 19(1), 11–23.
  43. Riyadh, H. A., Al-Shmam, M. A., Huang, H. H., Gunawan, B., & Alfaiza, S. A. (2020). The Analysis of Green Accounting Cost Impact on Corporations Financial Performance. International Journal of Energy Economics and Policy, 10(6), 421–426. https://doi.org/10.32479/ijeep.9238
  44. Romantis, O., Heriansyah, K., Soemarsono, D. W., & Azizah, W. (2020). Pengaruh Perencanaan Pajak Terhadap Manajemen Laba yang Dimoderasi Oleh Penurunan Tarif Pajak (Diskon Pajak). Jurnal Ilmiah Akuntansi Dan Manajemen (JIAM), 16(1), 85–95.
  45. Rosyidah, N. A. (2017). Analisis Pengungkapan Triple Bottom Line dan Faktor yang Mempengaruhi. Jurnal Equity, 3(4), 1–17. https://www.semanticscholar.org/paper/analisis-pengungkapan-triple-bottom-line-dan-faktor-rosyidah/d40c5089f7a55a772460a2caf01815d7c7b600dd
  46. Rounaghi, M. M. (2019). Economic Analysis of Using Green Accounting and Environmental Accounting to Identify Environmental Costs and Sustainability Indicators. International Journal of Ethics and Systems, 35(4), 504–512. https://doi.org/10.1108/IJOES-03-2019-0056
  47. Sintia, I., Pasarella, M. D., & Nohe, D. A. (2022). Perbandingan Tingkat Konsistensi Uji Distribusi Normalitas Pada Kasus Tingkat Pengangguran di Jawa. Prosiding Seminar Nasional Matematika, Statistika, Dan Aplikasinya, 2(2), 322–333.
  48. Sulistiawati, E., & Dirgantari, N. (2016). Analisis Pengaruh Penerapan Green Accounting Terhadap Profitabilitas Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Reviu Akuntansi Dan Keuangan, 6(1), 865–872. https://doi.org/10.22219/jrak.v6i1.5082
  49. Wahyuni, W., Meutia, I., & Syamsurijal, S. (2019). The Effect of Green Accounting Implementation on Improving the Environmental Performance of Mining and Energy Companies in Indonesia. Binus Business Review, 10(2), 131–137. https://doi.org/10.21512/bbr.v10i2.5767
  50. Wangi, W. R., & Lestari, R. (2020). Pengaruh Penerapan Green Accounting Terhadap Tingkat Profitabilitas Perusahaan. Kajian Akuntansi, 20(2), 124–131. https://doi.org/10.29313/ka.v20i2.5990
  51. Widyawati, N. L., & Ningtyas, M. N. (2022). Analysis of Financial and Share Performance Performance Before and After The Covid-19 Pandemic on The Indonesia Stock Exchange (IDX). Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 16(2), 292–307. https://doi.org/10.32812/jibeka.v16i2.1029
  52. Yanwardhana, E. (2021). Prediksi Jakarta Bakal Tenggelam Menguat, 2030 Bisa Kejadian! https://www.cnbcindonesia.com/news/20210820125338-4-269920/prediksi-jakarta-bakal-tenggelam-menguat-2030-bisa-kejadian
  53. Zameer, H., Wang, Y., Yasmeen, H., & Mubarak, S. (2022). Green Innovation as a Mediator in the Impact of Business Analytics and Environmental Orientation on Green Competitive Advantage. Management Decision, 60(2), 488–507. https://doi.org/10.1108/MD-01-2020-0065