ANALYSIS OF CORPORATE SOCIAL RESPONSIBILITY, DEFAULT RISK AND CONSERVATISM EFFECT TO EARNING MANAGEMENT WITH GOOD CORPORATE GOVERNANCE AS MODERATING VARIABLE IN MANUFACTURING COMPANY WHOSE SHARES INCORPORATED IN INDONESIA SHARIA STOCK INDEX
ANALYSIS OF CORPORATE SOCIAL RESPONSIBILITY, DEFAULT RISK AND CONSERVATISM EFFECT TO EARNING MANAGEMENT WITH GOOD CORPORATE GOVERNANCE AS MODERATING VARIABLE IN MANUFACTURING COMPANY WHOSE SHARES INCORPORATED IN INDONESIA SHARIA STOCK INDEX

Summary/Abstract: The purpose of this research is to examine and analyze Good Corporate Governance inmoderating the relationship between Corporate Social Responsibility (as measured by economic,environmental and social), Default Risk (as measured by debt to equity ratio and debt to assetsratio) and Conservatism (as measured by earning / stock return relation, accruals and net assets)Earnings Management. The sample used is a manufacturing company during the period 2011-2015. The total sample used is 170 samples. Sampling technique used is saturated sample method.The analytical model used in this research with Structural Equation Modeling.The results showed that Corporate Social Responsibility, as measured by the economy andenvironment, has a positive and significant effect on earning management, while CorporateSocial Responsibility measured by social have negative and significant effect to earningmanagement. Default risk, as measured by debt to equity ratio and debt to asset ratio, has positiveand significant effect on Earnings Management. Also, conservatism measured by earning / stockreturn relation and accrual has adverse and insignificant effect on earning management.Good Corporate Governance moderates weakening the effect of Corporate SocialResponsibility as measured by economic, environmental to Earnings Management. Meanwhile,the interaction of Corporate Social Responsibility proxy by social with good corporategovernance has a positive and significant effect. Good Corporate Governance moderatesweakening the effect of default risk measured by debt to equity ratio on Earnings Management,while the interaction between default risk measured by debt to asset ratio with good corporategovernance has positive and insignificant effect, so GCG does not moderate the effect of defaultrisk as measured by debt to asset ratio to Earnings Management. Another result was that goodCorporate governance does not moderate Conservatism effect measured by Earning Stock Returnand accrual to Earnings Management on manufacturing companies registered in ISSI on theIndonesia Stock Exchange

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