The Effect of Information Asymmetry and Intellectual Capital on Earnings Management with Profitability as a Moderating Variable

Pyngkan Trisnandita; Mega Barokatul Fajri; Yulie Wahyuningsih

doi:10.63922/ijebir.v5i04.5427

Pyngkan Trisnandita Department of Management, Faculty of Economics and Business, Muhammadiyah University of Lamongan, Indonesia
Mega Barokatul Fajri Department of Entrepreneurship, Faculty of Economics and Business, Muhammadiyah University of Lamongan, Indonesia
Yulie Wahyuningsih Department of Management, Faculty of Economics and Business, Muhammadiyah University of Lamongan, Indonesia

DOI: https://doi.org/10.63922/ijebir.v5i04.5427

Keywords: Information Asymmetry, Intellectual Capital, Profitability, Earnings Management

Abstract

Profit growth among food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period has been quite volatile. These conditions may encourage management to report positive financial performance, thereby increasing the likelihood of earnings management. This study employs a quantitative approach using secondary data sourced from the companies’ audited annual reports. The research sample comprises 53 companies selected using purposive sampling, resulting in 265 company-year observations. After removing outliers, the number of observations analyzed was 221. Hypothesis testing was conducted using multiple linear regression analysis and Moderated Regression Analysis (MRA). The results indicate that information asymmetry does not have a significant effect on earnings management, whereas intellectual capital was found to have a significant positive effect on earnings management. Furthermore, profitability was not found to moderate the relationship between either information asymmetry or intellectual capital and earnings management.

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