Electronic Theses and Dissertation

Penelitian ini bertujuan untuk menganalisis pengaruh free cash flow terhadap manajemen laba dengan board gender diversity sebagai variabel moderasi. penelitian ini menggunakan landasan agency theory, signaling theory, resource dependence theory, dan free cash flow hypothesis, melibatkan 87 perusahaan sektor non-keuangan yang terdaftar di bursa efek indonesia periode 2021-2024 dengan total 348 observasi. metode analisis yang digunakan ialah regresi data panel dengan fixed effect model (fem) dan moderated regression analysis (mra). hasil penelitian menunjukkan bahwa free cash flow berpengaruh negatif terhadap manajemen laba. uji moderasi membuktikan bahwa board gender diversity dewan komisaris tidak memoderasi pengaruh free cash flow terhadap manajemen laba. sedangkan board gender diversity dewan direksi memoderasi dengan memperlemah pengaruh negatif free cash flow terhadap manajemen laba. temuan ini menunjukkan bahwa keberagaman gender pada level direksi berperan sebagai mekanisme tata kelola yang dapat memengaruhi praktik pelaporan keuangan perusahaan.

This study aims to analyze the effect of free cash flow on earnings management, with board gender diversity as a moderating variabel. This study is based on agency theory, signaling theory, resource dependence theory, and the free cash flow hypothesis, the study involved 87 non-financial companies listed on the Indonesia Stock Exchange for the 2021-2024 period, with a total of 348 observations. The analytical method used was panel data regression with the Fixed Effect Model (FEM) and Moderated Regression Analysis (MRA). The results showed that free cash flow negatively affected earnings management. Moderation tests demonstrated that board gender diversity on the board of commissioners did not moderate the effect of free cash flow on earnings management. Meanwhile, board gender diversity on the board of directors moderated by weakening the negative effect of free cash flow on earnings management. These findings suggest that gender diversity at the board level acts as a governance mechanism that can influence a company's financial reporting practices.