ABSTRAK
    Penelitian ini dilakukan atas dasar apakah total kompensasi eksekutif berpengaruh terhadap manajemen laba riil di Indonesia. Penelitian terdahulu yang dilakukan oleh Hassen (2014) menemukan bahwa kompensasi eksekutif berpengaruh signifkan terhadap manajemen laba. Penelitian ini bertujuan untuk memberikan bukti empiris mengenai pengaruh total kompensasi eksekutif terhadap manajemen laba riil di Indonesia.
Penelitian ini menggunakan jumlah kompensasi eksekutif dan jumlah kompensasi opsi saham sebagai proksi dari total kompensasi eksekutif dan model yang dikembangkan oleh Roychowdhury (2006) untuk menghitung manajemen laba riil yang diproksikan melalui abnormal cash flow operations (Abn_CFO), abnormal discretionary expenses (Abn_DISEXP) dan abnormal production costs (Abn_PROD). Penelitian ini menggunakan perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia selama tahun 2010-2013 sebagai sampel. Hasil penelitian menunjukkan bahwa jumlah kompensasi eksekutif dan jumlah kompensasi opsi saham berpengaruh signifikan terhadap manajemen laba riil yang diproksikan melalui abnormal cash flow operations (Abn_CFO), abnormal discretionary expenses (Abn_DISEXP), dan abnormal production costs (Abn_PROD).
Kata kunci: kompensasi eksekutif, kompensasi opsi saham, manajemen laba riil.
ABSTRACT
    This research was conducted on the basis of whether the total executive compensation effect on real earnings management in Indonesia. Previous research conducted by Hassen (2014) found that executive compensation significantly the effect on earnings management. This study aims to provide empirical evidence on the effect of total executive compensation against real earnings management in Indonesia.
    This study uses the amount of executive compensation and stock option compensation amount as a proxy of total executive compensation and the model developed by Roychowdhury (2006) to calculate the real earnings management proxied through abnormal cash flow operations (Abn_CFO), abnormal discretionary expenses (Abn_DISEXP) and abnormal production costs (Abn_PROD). This study uses the companies listed in Indonesia Stock Exchange during the years 2010-2013 as the sample. The results showed that the amount of executive compensation and stock option compensation amount significant effect on real earnings management proxied by abnormal cash flow operations (Abn_CFO), abnormal discretionary expenses (Abn_DISEXP), and abnormal production costs (Abn_PROD).
Keywords: executive compensation, stock option compensation, real earnings management.