The Effect of Earnings Management on Financial Performance Moderated by CSR

Anwar Nur Rohman, Mahameru Rosy Rochmatullah

Abstract


This study investigates the relationship between earnings management and financial performance, while examining the moderating role of Corporate Social Responsibility (CSR) in manufacturing companies listed on the Indonesia Stock Exchange during 2021–2024. A quantitative explanatory approach was employed using secondary data obtained through purposive sampling based on reporting completeness criteria. Earnings management was represented by discretionary accruals estimated using the Modified Jones Model. Financial performance was assessed through Return on Assets (ROA) and Return on Equity (ROE), whereas CSR was evaluated using the Global Reporting Initiative (GRI)-based CSR Disclosure Index. The analytical framework included descriptive statistics, classical assumption testing, Moderated Regression Analysis (MRA), hypothesis testing, and model evaluation using the coefficient of determination and F-test at a significance level of 0.05. The findings demonstrate that earnings management has a significant effect on ROA but does not consistently influence ROE. CSR shows no significant association with ROA; however, it positively and significantly affects ROE. The moderating analysis further reveals that CSR does not significantly alter the relationship between earnings management and either ROA or ROE. These results indicate that the interaction between earnings management and CSR is not a primary determinant of financial performance. Consequently, variations in corporate performance are likely influenced by other factors beyond the variables incorporated in this study.

Keywords


Corporate Social Responsibility; Earnings Management; Financial Performance; Moderating Effect; ROA

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References


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DOI: https://doi.org/10.17509/ijdb.v6i1.104398

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