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Abstract

This research aims to examine the effect of CEO characteristics on pre-earnings manage­ment profitability. CEO characteristics include gender, tenure, age, education level, founding-family status, and nationality. Pre-earnings management profitability is measured by return on assets minus discretionary accruals. Data analysis uses firm and year fixed-effect regression analysis. The result shows that female CEO, longer tenure CEO, CEO with higher education levels, and foreign CEO increase firms' profitability without engaging in earnings management. On the other hand, there is no effect of CEO age and founding-family status on pre-earnings management profitability. This research contributes to filling the gap of inconsistent previous findings of CEO characteristics and profitability by considering earnings management behavior.

Bahasa Abstract

Penelitian ini bertujuan untuk menguji pengaruh karakteristik CEO terhadap profitabilitas sebelum manajemen laba. Karakteristik CEO terdiri dari gender, tenur, usia, tingkat pen­didikan, status keluarga pendiri, dan warga negara. Profitabilitas sebelum manajemen laba diukur dengan return on assets dikurang discretionary accruals. Analisis data menggunakan analisis regresi fixed-effect perusahaan dan tahun. Hasil penelitian menunjukkan bahwa CEO wanita, CEO dengan tenur yang lebih lama, CEO dengan tingkat pendidikan yang lebih tinggi, dan CEO asing meningkatkan profitabilitas tanpa melakukan manajemen laba. Di sisi lain, tidak ada pengaruh usia dan status keluarga pendiri CEO terhadap profitabilitas sebelum manajemen laba. Penelitian ini berkontribusi untuk menjawab hasil penelitian ter­dahulu yang tidak konsisten mengenai karakteristik CEO dan profitabilitas dengan memper­timbangkan perilaku manajemen laba.

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