Pengaruh Struktur Modal dan Ukuran Perusahaan terhadap Manajemen Laba pada Perusahaan Properti dan Real Estat di Bursa Efek Indonesia Periode 2019-2023
DOI:
https://doi.org/10.63822/wkv11h06Keywords:
Rasio Utang Jangka Panjang, Rasio Utang Jangka Pendek, Ukuran Perusahaan, Manajemen Laba, Properti dan Real EstatAbstract
Penelitian ini bertujuan untuk menganalisis pengaruh rasio utang jangka panjang, rasio utang jangka pendek, dan ukuran perusahaan terhadap manajemen laba pada perusahaan properti dan real estat yang terdaftar di Bursa Efek Indonesia periode 2019–2023. Sebagai industri padat modal, perusahaan ini sangat bergantung pada pembiayaan eksternal yang berpotensi menimbulkan tekanan finansial, sehingga memicu praktik manajemen laba demi merekayasa kinerja keuangan. Metode penelitian menggunakan pendekatan kuantitatif dengan analisis deskriptif dan regresi data panel. Data sekunder diperoleh dari laporan keuangan resmi di website Bursa Efek Indonesia (www.idx.co.id). Variabel dependen yaitu manajemen laba diukur dengan Discretionary Accruals (DA), sedangkan variabel independen meliputi rasio utang jangka panjang diukur dengan Long-term Debt Ratio (LtDr), rasio utang jangka pendek diukur dengan Short-term Debt Ratio (StDr), dan ukuran perusahaan diukur dengan logaritma natural Total Aset (Firm Size). Hasil penelitian menunjukkan bahwa secara parsial, rasio utang jangka panjang berpengaruh positif dan signifikan terhadap manajemen laba. Sebaliknya, rasio utang jangka pendek berpengaruh negatif dan tidak signifikan, serta ukuran perusahaan berpengaruh positif tetapi tidak signifikan. Temuan ini mengindikasikan bahwa rasio utang jangka panjang merupakan faktor dominan yang mendorong manajer melakukan praktik manajemen laba, sementara utang jangka pendek dan skala ukuran perusahaan tidak memberikan kontribusi yang signifikan dalam memengaruhi keputusan tersebut.
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