Pengaruh Investment Opportunity Set, Likuiditas, dan Ukuran Perusahaan Pada Kualitas Laba
| Main Authors: | Jaya, Kadek Agustina Anggara, Wirama, Dewa Gede |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region
, 2017
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| Online Access: |
https://ojs.unud.ac.id/index.php/Akuntansi/article/view/31732 https://ojs.unud.ac.id/index.php/Akuntansi/article/view/31732/21571 |
Daftar Isi:
- ABSTRAK Tujuan penelitian ini adalah menganalisis secara empiris pengaruh investment opportunity set, likuiditas, dan ukuran perusahaan pada kualitas laba. Kualitas laba merupakan kualitas informasi laba yang tersedia dalam laporan keuangan yang mencerminkan kinerja perusahaan yang sesungguhnya. Kualitas laba tersebut tercermin dalam respon investor atas laba yang dipublikasi. Dalam penelitian ini kualitas laba diukur dengan earnings response coefficient. Dalam pengukuran tersebut, abnormal return dihitung menggunakan market-adjusted model dengan tanggal publikasi laporan keuangan sebagai event date dengan event window selama lima hari di sekitar tanggal tersebut. Data yang digunakan dalam perhitungan earnings response coefficient adalah 20 amatan laba triwulanan. Unexpected earnings dihitung dengan model random walk, yang dinyatakan dalam bentuk selisih earnings per share dari jumlah pada periode sebelumnya dibagi dengan ekuitas. Market value to book value of assets digunakan sebagai proksi investment opportunity set. Likuiditas diukur dengan current ratio, dan ukuran perusahaan diukur dengan logaritma natural total aset. Sampel penelitian terdiri atas 84 perusahaan yang dipilih dengan menggunakan metode proportional stratified random sampling dari seluruh perusahaan yang terdaftar di Bursa Efek Indonesia pada akhir tahun 2015. Pengujian hipotesis dilakukan dengan teknik analisis regresi linear berganda. Hasil analisis tersebut menunjukkan bahwa investment opportunity set berpengaruh negatif pada kualitas laba, likuiditas tidak berpengaruh pada kualitas laba, dan ukuran perusahaan berpengaruh positif pada kualitas laba. Kata Kunci: Kualitas Laba, Earnings Response Coefficient, Investment Opportunity Set, Likuiditas, Ukuran Perusahaan.
- ABSTRACT This research analyzes the effect of investment opportunity set, liquidity, and firm size on earnings quality. Earnings quality is the quality of earnings information presented in the financial statements which reflects the actual performance of the firm. The quality is reflected in the investors’ responses on earnings publication. In this research, earnings quality is measured by earnings response coefficient. Abnormal return in the earnings response coefficient measurement is calculated by market-adjusted model with publication date as event date and five-day event window around the publication date. The calculation uses 20 quarterly earnings figures. The estimation of unexpected earnings uses random walk model, in which it is measured as the difference between current and previous earnings per share scaled by total equity. Investment opportunity set is measured by market-to-book value of assets. Liquidity is measured by current ratio and firm size is measured by the natural logarithm of total assets. Sample consists of 84 companies selected from companies listed in the Indonesian Stock Exchange as at end of 2015 using the proportional stratified random sampling method. The analytical technique used is multiple regression analysis. The results of the analysis show that investment opportunity set negatively affects earnings quality, liquidity does not affect earnings quality, and firm size positively affect earnings quality. Keywords: Earnings Quality, Earnings Response Coefficient, Investment Opportunity Set, Liquidity, Firm Size.