Evolusi Pengukuran Nilai Wajar (Fair Value Accounting) dan Volatilitas Laba Perusahaan Manufaktur
DOI:
https://doi.org/10.61132/aeppg.v3i3.2487Keywords:
Earnings Management, Earnings Volatility, Fair Value Accounting, Manufacturing Companies, Systematic Literature ReviewAbstract
This study aims to analyze the trends and evolution of fair value measurement (Fair Value Accounting/FVA) and its impact on earnings volatility in manufacturing companies, identify implementation challenges and opportunities, and formulate research gaps. Employing a systematic literature review (SLR) based on the PRISMA framework covering articles published between 2022 and 2025 from Scopus, ScienceDirect, and Google Scholar databases the study finds that FVA implementation in manufacturing companies is intensifying, although its impacts vary. Findings indicate that reclassifiable other comprehensive income (OCI) items have a negative effect on earnings management and income smoothing. Meanwhile, market prices do not always reflect fair value, leading to potential stock undervaluation or overvaluation, particularly during crises. Earnings volatility, often linked to FVA, can motivate management to engage in accrual-based and real earnings management through the manipulation of production costs, subsequently influencing investment policies. Internal factors (profitability, size) and external factors (tax aggressiveness, governance) simultaneously influence FVA based financial reporting. This study expands the understanding of the complex interactions between FVA, earnings volatility, and various moderators within the manufacturing context. It concludes that while FVA enhances the relevance of financial information, it also poses challenges regarding reliability and managerial discretion, thereby opening avenues for further research on impact moderation, longitudinal analysis, and cross-country comparisons to refine accounting guidelines.
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