Tatang , Ary Gumanti and Widi , Prasetiawati (2011) DUALITAS PERAN, KOMISARIS INDEPENDEN DAN MANAJEMEN LABA PADA PENAWARAN SAHAM PERDANA. Jurnal Akuntansi Keperilakuan Indonesia, 1 (1). pp. 31-42. ISSN 1475 - 1488
This study investigates whether the duality role of the board affects earnings management practice of firms making initial public offering at Indonesian Stock Exchange. The study also examines whether the presence of independent board of commissioners reduce the level of earnings management as proxied by discretionary accruals level. Earnings management was measured using Cross-Sectional Modified Jones model. A total of 60 firms that went public from 2000 to 2006 is examined. The results show firm with duality status of board of commissioners has lower level of earnings management compared to firm which does not duality role of its board. Other results show that firm with independent commissioner when going public has lower level of earnings management than its counterparts that do not have independent commissioner.
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