Yogyakarta – Monday, November 18, 2019. One of the students of the Doctor of Accounting Program at the Faculty of Economics and Business, Universitas Gadjah Mada University (FEB UGM) became a candidate for the open defense doctoral promotion. Lilik Andriyana, SE., M.Sc., Lecturer in Accounting Study Program at the Faculty of Economics and Business, Muhammadiyah University, Magelang officially holds a doctorate with a very satisfying predicate after the Chairperson of the Examination Team announce the results of the examination with a dissertation entitled “Family Companies, Profit Management, and Future Performance: Socioemotional Wealth Perspective”. Dr. Lilik Andriyana, M.Sc. listed as the 4695th doctorate at Universitas Gadjah Mada, and the 279th at the Faculty of Economics and Business UGM. The promoter team consisted of Hardo Basuki, M.Soc.Sc., Ph.D., as the promoter, Fu’ad Rakhman, M.Sc., Ph.D., and Zuni Barokah, M.Comm, Ph.D., as a co-promoter.
The open defense doctoral promotion was opened by the chairman of the examining team Prof. Mahfud Sholihin, M.Acc., Ph.D., Deputy Dean of Academic and Student Affairs FEB UGM and attended by the examiner team, the assessment team, and the promoter team. The examining team and assessment team namely Ratna Nurhayati, M.Com., Ph.D., Suyanto, MBA., Ph.D., Dr. Etna Nur Afri Yuyetta, M.Sc., and Prof. Jogiyanto HM., MBA., Ph.D. The promoter team, the testing team, and the assessment team tested Lilik Andriyana, SE., M.Sc., by giving questions for one hour.
Using the two-stage least square (2SLS) method and moderated regression analysis (MRA), this study aims to investigate family companies in carrying out strategic earnings management activities by avoiding activities that reduce the value of the company’s long-term. It also aims to investigate managers to determine the two strategies of real earnings management and accrual in a complementary or substitute (trade-off). Some contextual factors that are used to control family companies do earnings management are a representation of women, firm age, and chief executive (CEO) entrenchment. From the results of the analysis it is known that from the concept of socioemotional wealth (SeW), family companies prioritize the interests of the company to maintain transgenerationally and maintain the company’s reputation. Furthermore, family companies are more careful about using real earnings management and accruals than non-family companies. This means that family companies that reduce real activity manipulation (RAM) have better financial performance in the future than non-family companies. Whereas family companies that reduce accrual-based earnings management (ABEM) activities do not show good future financial performance compared to non-family companies. Overall, the results of the study illustrate that the earnings management of family companies in Indonesia is efficient.
The open doctoral examination which was attended by the Chancellor of the University of Muhammadiyah Magelang, ended with the awarding of a diploma by the leadership of the session and continued with a group photo session. Hardo Basuki, M.Soc.Sc., Ph.D., as a promoter congratulated Dr. Lilik Andriyana, M.Sc., hopefully the knowledge gained can be useful to support the profession as a lecturer, then it can increase the publication of reputable scientific works. (RP)
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