Pengaruh Mekanisme Good Corporate Governance terhadap Potensi Manipulasi Laporan Keuangan yang diukur dengan Beneish M-Score pada Perusahaan Sektor Healthcare di Bursa Efek Indonesia Periode 2023-2024

Qurrotul Aini; Zahra Nazila Faiza; Farichatur Rizkiyah; Rafael Dian Omega; Felisha Berliana Putri; Rohmawati Kusumaningtias; Ambar Kusumaningsih

doi:10.37481/sjr.v9i3.1534

Authors

Qurrotul Aini Universitas Negeri Surabaya
Zahra Nazila Faiza Universitas Negeri Surabaya
Farichatur Rizkiyah Universitas Negeri Surabaya
Rafael Dian Omega Universitas Negeri Surabaya
Felisha Berliana Putri Universitas Negeri Surabaya
Rohmawati Kusumaningtias Universitas Negeri Surabaya
Ambar Kusumaningsih Universitas Negeri Surabaya

DOI:

https://doi.org/10.37481/sjr.v9i3.1534

Keywords:

Good Corporate Governance, Managerial Ownership, Institutional Ownership, Beneish M-Score, Financial Manipulation

Abstract

This study examines the effect of Good Corporate Governance mechanisms on the potential for financial statement manipulation in healthcare companies listed on the Indonesia Stock Exchange during the 2023–2024 period. Financial statement manipulation remains a serious issue because it reduces the reliability of financial reporting and may mislead investors and other stakeholders. This research focuses on three governance mechanisms, namely audit committee, managerial ownership, and institutional ownership, while the potential manipulation of financial statements is measured using the Beneish M-Score model. The study applies a quantitative approach with an associative research design. The sample was selected using purposive sampling and consists of 22 healthcare companies, resulting in 44 observations. Data analysis was conducted through descriptive statistics, classical assumption tests, and multiple linear regression analysis. The findings indicate that managerial ownership has a significant negative effect on the potential for financial statement manipulation, suggesting that higher managerial share ownership can reduce opportunistic behavior by management. Institutional ownership does not show a significant influence on financial statement manipulation. Meanwhile, the audit committee variable could not be analyzed further because it lacked sufficient data variation among the observed companies.

References

Amerti, I. K., & Linda, L. (2021). Pengaruh good corporate governance terhadap financial statement fraud. Jurnal Akuntansi dan Keuangan, 10(2), 112-124.

Association of Certified Fraud Examiners. (2022). Occupational fraud 2022: A report to the nations. ACFE.

Aulia, R., & Herawaty, V. (2020). Pengaruh corporate governance terhadap financial statement fraud pada perusahaan manufaktur di Indonesia. Jurnal Akuntansi Trisakti, 7(2), 155-168.

Fauziyah, N., & Setyawan, H. (2022). Kepemilikan manajerial dan indikasi manipulasi laporan keuangan pada perusahaan publik. Jurnal Riset Akuntansi dan Keuangan, 10(1), 45-58.

Handoko, R., & Pamungkas, B. (2022). Analisis Beneish M-Score dalam mendeteksi financial statement fraud pada perusahaan sektor kesehatan. Jurnal Ilmiah Akuntansi dan Bisnis, 17(2), 201-214.

Himawan, F. A. (2022). Pengaruh penerapan good corporate governance, profitabilitas, dan leverage terhadap earning manipulation dengan moderasi kualitas audit. Jurnal Ekonomi dan Bisnis, 11(3), 267-283.

Kamal, M. E. M., Salleh, M. F. M., & Ahmad, A. (2016). Detecting financial statement fraud by Malaysian public listed companies: The reliability of the Beneish M-Score model. Jurnal Pengurusan, 46, 23-32.

Khatun, A., Ghosh, R., & Kabir, S. (2022). Earnings manipulation behavior in the banking industry of Bangladesh: The strategical implication of Beneish M-score model. Arab Gulf Journal of Scientific Research, 40(3), 302-328.

Kusuma, D., & Ardini, L. (2021). Kepemilikan institusional dan kualitas laporan keuangan perusahaan. Jurnal Ilmu dan Riset Akuntansi, 10(4), 1-17.

Lestari, P., & Handayani, S. (2020). Pengaruh kepemilikan manajerial terhadap kualitas pelaporan keuangan perusahaan. Jurnal Kajian Akuntansi, 4(2), 89-102.

Muin, A. (2023). Metode penelitian kuantitatif. CV Literasi Nusantara Abadi.

Mulyadianto, A., Sari, P., & Rahman, F. (2020). Mekanisme corporate governance dan indikasi kecurangan laporan keuangan pada perusahaan publik di Indonesia. Jurnal Akuntansi Multiparadigma, 11(2), 311-325.

Nugraha, B. (2022). Pengembangan uji statistik: Implementasi metode regresi linier berganda dengan pertimbangan uji asumsi klasik. Pradina Pustaka.

Nugraheni, A., & Prasetyo, T. (2021). Agency conflict dan praktik earnings management pada perusahaan publik Indonesia. Jurnal Akuntansi Aktual, 8(3), 210-223.

Nuryana, I., & Surjandari, D. (2021). Agency theory perspective in financial reporting quality. International Journal of Business and Management Review, 9(5), 34-46.

Pramudita, R., & Chariri, A. (2022). Institutional ownership and financial statement fraud detection in emerging markets. Journal of Asian Finance, Economics and Business, 9(3), 221-230.

Prasetyo, A., & Kusumawardani, R. (2020). Asimetri informasi dan kecurangan laporan keuangan pada perusahaan publik. Jurnal Keuangan dan Perbankan, 24(1), 77-88.

Putri, M., & Yuyetta, E. (2021). Efektivitas komite audit dalam meningkatkan kualitas pelaporan keuangan. Diponegoro Journal of Accounting, 10(4), 1-12.

Rahayu, S. (2023). Pengaruh mekanisme good corporate governance terhadap financial statement fraud pada perusahaan sektor kesehatan di Indonesia. Jurnal Akuntansi Aktual, 10(1), 55-68.

Rahmawati, E., & Dianita, P. (2022). Implementasi good corporate governance dan kualitas laporan keuangan perusahaan. Jurnal Akuntansi dan Auditing Indonesia, 26(1), 15-27.

Rizki, M., & Kurniawan, D. (2021). Financial statement fraud: Tinjauan teori dan pendeteksian menggunakan Beneish M-Score. Jurnal Riset Akuntansi Terpadu, 14(2), 120-133.

Sahda, F. T., Nindito, M., & Khairunnisa, H. (2025). Pengaruh penerapan mekanisme good corporate governance terhadap indikasi kecurangan laporan keuangan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Jurnal Akuntansi, Perpajakan dan Auditing, 6(2), 256-271.

Sari, N., & Nugroho, A. (2020). Pengaruh mekanisme good corporate governance terhadap praktik manipulasi laporan keuangan. Jurnal Akuntansi Multiparadigma, 11(3), 455-470.

Suryandari, E., & Firdaus, M. (2022). Audit committee effectiveness and financial reporting quality in Indonesian listed companies. Jurnal Reviu Akuntansi dan Keuangan, 12(1), 65-79.

Utami, W., & Respati, N. (2021). Good corporate governance dan transparansi pelaporan keuangan perusahaan. Jurnal Akuntansi Bisnis, 19(2), 144-156.

Yusuf, M., & Nurhayati, N. (2021). Corporate governance and earnings manipulation: Evidence from emerging markets. International Journal of Financial Research, 12(4), 145-156.