Earnings Management, Financial Stability, and Corporate Governance: Assessing the Drivers of Financial Statement Fraud in Indonesian Manufacturing Firms

Ika Yulina; Hafizhah Risnafitri

doi:10.37278/eprofit.v8i2.1562

Authors

Ika Yulina Akuntansi, Universitas Teuku Umar
Hafizhah Risnafitri Akuntansi, Universitas Teuku Umar

DOI:

https://doi.org/10.37278/eprofit.v8i2.1562

Keywords:

Earnings Management, Financial Stability, Good Corporate Governance, Financial Statement Fraud

Abstract

This study aims to analyze the influence of earnings management, financial stability, and good corporate governance on financial statement fraud in manufacturing companies listed on the Indonesia Stock Exchange during the 2022–2024 period. Good corporate governance is proxied by the board of commissioners, the audit committee, and managerial ownership. The study employs a quantitative method with a causal-associative research design. The population consists of 279 manufacturing companies listed on the Indonesia Stock Exchange. A sample of 74 companies was selected using purposive sampling, resulting in 222 observations. Secondary data obtained from the companies' financial statements and annual reports were used. Data analysis was conducted using logistic regression. The results indicate that earnings management influences financial statement fraud. Meanwhile, financial stability, the board of commissioners, the audit committee, and managerial ownership do not influence financial statement fraud. These findings suggest that earnings management practices can increase the likelihood of financial statement fraud, whereas financial stability and good corporate governance mechanisms proxied by the board of commissioners, the audit committee, and managerial ownership do not significantly affect the tendency for financial statement fraud in manufacturing companies.

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