Published: 2026-04-01
Pengaruh Manajemen Laba Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi
DOI: 10.35870/jemsi.v12i2.6134
Abstract
This study examines whether profitability moderates the relationship between earnings management and firm value. The research focuses on manufacturing companies listed on the Indonesia Stock Exchange during 2022–2023. A quantitative approach was applied using Moderated Regression Analysis (MRA) and secondary data from annual financial reports. The final sample includes 344 companies per year, selected through purposive sampling. The results show that earnings management has no significant effect on firm value. In contrast, profitability measured by Return on Assets (ROA) has a positive and significant effect. The interaction between earnings management and ROA shows a significant negative effect, indicating that profitability weakens the relationship between earnings management and firm value. These findings suggest that the market values solid financial performance more than manipulative earnings signals.
Keywords
Earnings Management; Firm Value; Profitability; ROA; Moderated Regression
Article Information
This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.
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Issue: Vol. 12 No. 2 (2026)
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Section: Articles
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Published: 2026-04-01
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License: CC BY 4.0
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Copyright: © 2026 Authors
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DOI: 10.35870/jemsi.v12i2.6134
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Angelita Angelita, Sekolah Tinggi Ilmu Ekonomi Wiyatamandala
Sekolah Tinggi Ilmu Ekonomi Wiyatamandala, Akuntansi, Jakarta, Indonesia.
Randy Kuswanto, Sekolah Tinggi Ilmu Ekonomi Wiyatamandala
Sekolah Tinggi Ilmu Ekonomi Wiyatamandala, Akuntansi, Jakarta, Indonesia.
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