Pengaruh Growth Opportunity dan Leverage pada Earning Response Coefficient

Abstract

<jats:p>The purpose of this research is aim to obtain empirical evidence about the effect of growth opportunity and leverage on earning response coefficient (ERC). This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange in 2016-2018. The sample are selected with purposive sampling method. The number of selected sample are 65 companies. The analysis technique of this research is using multiple linear regression. The result showed that growth opportunity had positive effect on ERC. Whereas leverage had negative effect on ERC. The higher the company's growth rate will increase ERC. While the higher the leverage the company will reduce ERC.&#x0D; Keywords: Growth Opportunity; Leverage; Earning Response Coefficient.</jats:p>

Understanding Earnings Response Coefficient from Growth Opportunities, Earnings Persistance, and Intellectual Capital; Empirical Study from IDX-30 Indexed Companies

“…The increase in the amount of property in the company's financial statements can reflect the company's larger growth opportunities, because the company will get an increase in terms of profits and have stability, and be able to increase the return in the next period [23]. In line with this thought, Tamara & Suaryana suggested that there is a positive influence between growth opportunities and earnings response coefficient because companies with high growth opportunities will get a greater response from investors because companies with high growth opportunities will get a greater response from investors [11]. This is because companies with high growth opportunities will provide greater profits to investors in the future.…”

“…This phenomenon hints that there is a differentiation in investor response to the company's profit statement [11]. The news of the company's profit in the capital market will cause the market to react.…”

Keinformatifan Laba Pada Perusahaan Sektor Farmasi: Pertumbuhan Aset, Leverage, Dan Penghindaran Pajak

“…Laba memiliki kebermanfaatan apabila mencerminkan informasi perusahaan di pasar modal dalam bentuk harga saham ataupun return saham (Firmansyah, Utami, et al, 2020) . Kualitas laba dapat ditunjukkan dengan koefisien respon laba yang merupakan seberapa besar informasi laba dapat mencerminkan harga saham di pasar modal ataupun reaksi pasar atas informasi laba tersebut (Firmansyah & Herawaty, 2019;Sujarwati et al, 2022;Tamara & Suaryana, 2020). Selain itu, koefisien respon laba menjadi salah satu alat ukur untuk mengetahui seberapa besar reaksi pasar yang timbul akibat dari informasi laba yang telah dipublikasikan oleh perusahaan (Homan, 2018).…”

“…Penelitian sebelumnya yang telah menguji keinformatifan laba atau koefisien respon laba antara lain dilakukan dengan pertumbuhan aset (Cantyawati & Dewi, 2021;Tamara & Suaryana, 2020), leverage (Cantyawati & Dewi, 2021;Firmansyah & Herawaty, 2016;Paramita, 2012;Tamara & Suaryana, 2020;Yevilia & Mukhlasin, 2020), penghindaran pajak (Pamungkas & Firmansyah, 2021;Suharti & Arieftiara, 2019;Yevilia & Mukhlasin, 2020), tata kelola perusahaan (Sujarwati et al, 2022), tata kelola perusahaan (Sujarwati et al, 2022), ukuran perusahaan (Firmansyah & Herawaty, 2016;Paramita, 2012;Yevilia & Mukhlasin, 2020), dan kebijakan dividen (Firmansyah & Herawaty, 2016).…”

“…Indrayati et al (2020), dan Tamara & Suaryana (2020) menyimpulkan bahwa pertumbuhan aset berpengaruh positif terhadap keinformatifan laba, sedangkan Cantyawati & Dewi (2021) menyimpulkan bahwa pertumbuhan aset tidak berpengaruh terhadap keinformatifan laba. Selanjutnya, Cantyawati & Dewi (2021) dan Tamara & Suaryana (2020) menemukan bahwa leverage berpengaruh negatif terhadap keinformatifan laba. Yevilia & Mukhlasin (2020) menemukan bahwa leverage berpengaruh positif terhadap keinformatifan laba.…”