MOTIVASI MANAJEMEN LABA DALAM KAPITALISASI BIAYA RISET DAN PENGEMBANGAN
Abstract: The capitalization
of research and development (R&D) costs is a controversial accounting issue
because of the contention that such capitalization is motivated by incentives
to manipulate earnings. Indonesian Financial Accounting Standards (SAK) allows
for the capitalization of R&D costs. Based on a sample of manufacturing
companies of Indonesia Stock Exchange from 2009 to 2011, this study examines
whether companies’ decisions to capitalize R&D costs are affected by
earnings-management motivations such as earnings smoothing and to avoid
violating debt-covenant. In addition, this study aims to show that the
capitalization of R&D costs affects the level of firms’
earnings-management. Using a Tobit regression model to test the first and
second hypotheses and linear regression model to test third hypotheses, the
results show that the companies do capitalize the R&D costs for earnings-smoothing
and reducing the risk of violating debt-covenants purposes. In addition, the
results show that the capitalization of R&D cost affects the level of
firms’ earnings-management and it is a part of earnings management.
Keywords: Earnings Management;
Cost Capitalization; R&D Accounting; Earnings Smoothing; Debt Covenant
Penulis: YUSLI MARIADI,
SUTRISNO, ROSIDI
Kode Jurnal: jpakuntansidd120591
