The Effect of Asymmetric Information, Board of Commissioners Size, and Independent Board of Commissioners, on Earnings Management with Managerial Ownership as a Moderating Variable

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Diah Ajeng Pratiwi
Dian Saputra


This research aims to explore and provide empirical evidence regarding the influence of asymmetric information, board of commissioners size, and the presence of independent board members on earnings management in real estate and related companies listed on the Indonesian Stock Exchange from 2020 to 2022. Managerial ownership is introduced as a moderating variable in this investigation. Utilizing Structural Equation Modeling - Partial Least Square (SEM-PLS) for data analysis, the study revealed that asymmetric information, board of commissioners size, and independent board members did not significantly impact earnings management. However, when considering managerial ownership as a moderating factor, the presence of independent board members exhibited an influence on earnings management. This highlights the intricate relationship between corporate governance factors, specifically the board composition, and earnings management, with managerial ownership playing a moderating role. These findings provide valuable insights for stakeholders and policymakers, offering a nuanced understanding of corporate dynamics within the Indonesian real estate and related sectors.

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9th ASIA Internatational Confernece 2023

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