Pengaruh Manajemen Laba Akrual dan Strategi Bisnis terhadap Risiko Kebangkrutan: Peran Moderasi Tata Kelola Perusahaan di Indonesia: Indonesia

Steffani Maria Agatha; Muhammad Ihtifazhuddin Rizki Fathoni

doi:10.37859/jae.v15i1.9442

Authors

Steffani Maria Agatha Universitas Airlangga
Muhammad Ihtifazhuddin Rizki Fathoni Universitas Airlangga

DOI:

https://doi.org/10.37859/jae.v15i1.9442

Keywords: Accrual earnings management, Bankruptcy risk, Business strategy, Corporate governance

Abstract

This study examines the influence of accrual-based earnings management and business strategy on bankruptcy risk among publicly listed companies in Indonesia, with corporate governance serving as a moderating variable. In an increasingly complex business environment, bankruptcy risk is driven not only by external factors but also by internal practices, such as financial statement manipulation. Drawing on agency and signaling theories, the study explores how strategies like cost leadership and differentiation, along with effective governance, affect the likelihood of bankruptcy. The findings are expected to contribute to academic literature and provide practical insights for managers, investors, and regulators in developing more accurate and context-specific bankruptcy risk detection mechanisms.

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