This study examines the impact of earnings management to impression management in ManagementDiscussion and Analysis (MD&A). Earnings management is measured using an index that includes accrualdiscretional, income smoothing, and loss avoidance reporting. Impression management is measured usingan index that includes the use of self-serving attribution and accounting explanation bias. Impressionmanagement data are obtained by content analysis of the MD&A sections of 594 annual report companiesin the period between 2004 and 2009. Empirical test results show that earnings management, performancelevel, performance changes, and economic conditions negatively affects impression management. The studyresults are usefull for regulators to formulate and enforce the Bapepam rules No. VIII.G.2 about annualreport to minimize the possibility managers conducting earnings and impression management.AbstractPenelitian ini menguji pengaruh manajemen laba terhadap manajemen impresi dalam Analisis danPembahasan Manajemen (MD&A). Manajemen laba diukur menggunakan indeks yang mencakup akrualdiskresional, perataan laba, dan penghindaran pelaporan rugi. Manajemen impresi diukur menggunakanindeks yang mencakup atribusi self-serving dan bias penjelasan akuntansi. Data manajemen impresidiperoleh melalui analisis konten bagian MD&A 594 laporan tahunan perusahaan dari tahun 2004 sampai2009. Penelitian ini berhasil memberikan bukti bahwa manajemen laba, tingkat kinerja, perubahan kinerja,dan kondisi ekonomi berpengaruh negatif pada manajemen impresi. Hasil penelitian berguna bagi regulatordalam merumuskan dan menegakkan aturan Bapepam No. VIII.G.2 mengenai laporan tahunan gunameminimalkan kemungkinan manajer melakukan manajemen laba dan manajemen impresi. |