Perspektif Positif Praktik Manajemen Laba: Kajian Empiris Pada Perusahaan Manufaktur Go Publik Di Bursa Efek Indonesia

Abstract

The earnings management practice has a positive and negative perspectives. This study aimed to analyze the effect of earnings management, corporate performance, quality audits, and Investment opportunity set to cost of equity companies are included in the Islamic index (JII) and conventional index (LQ-45). Measuring the earnings management used a short-term discretionary accruals (STDA) model. There were 461 companies (257 companies LQ-45 and 204 companies JII) taken by purposive sampling. Data was analyzed using multiple linear regression. Result of the data analysis showed that earnings management and company performance has no significantly effect on the cost of equity in both companies as well as JII and LQ-45. The quality of audit has significantly effect on the cost of equity in the JII companies, but had not significantly effect on the LQ-45 companies. And the investment opportunity set significantly effect on the cost of equity as well as in both of JII and LQ-45 companies. This indicates the earnings management in Indonesia tend to use a negative or opportunistic perspectives. Keywords: earnings management, corporate performance, quality audits, investment opportunity set, cost of equity capital.

Direction of the Cost of Equity Capital in Manufacturing Companies

“…The study results (Loyme and Yusuf, 2017) found that earnings management had no positive and significant effect on earnings management. (Wiyadi et al, 2017) states that the anticipation of earnings management causes the effect of earnings management on the cost of equity capital by investors in making decisions on their investments.…”

The Impact of Digitalization of Marketing and Consumer Purchasing Power as an Intervening Towards Intention to Buy Product in Store-Based Retail Store

“…While the remaining 70.1% influenced by other factors not examined in this study such as product image, consumer attitude. In 2017, Wiyadi et al conduct researched titled "Variables That Influence Power Ability Buy House", this research examines variables of purchasing power that affect the ability to buy a house in Malang City, Eat Java, Indonesia [19]. The result of the research shows that loan variable PUMP-KB PT.…”

Analisis Faktor-Faktor Biaya Modal Ekuitas Dengan Model Ohlson Pada Perusahaan Sektor Infrastruktur

“…Hal ini mengacu pada keberhasilan suatu perusahaan dalam mengendalikan sumber daya dan pendapatan dari usahanya. Menurut penelitian Wiyadi et al, (2017) kinerja perusahaan yang baik berdampak pada modal yang lebih kecil. Hal ini karena investor tidak merasakan penurunan keuangan di perusahaan yang mereka yakini berjalan dengan baik.…”