scholarly journals ASIMETRI INFORMASI MEMODERASI PENGARUH EARNING PERSISTENCE DAN INCOME SMOOTHING TERHADAP FUTURE EARNING RESPONSE COEFFICIENT

2021 ◽  
Vol 8 (1) ◽  
pp. 1
Author(s):  
Sistya Rachmawati
Keyword(s):  
Regression Analysis ◽  
Stock Price ◽  
Income Smoothing ◽  
Purposive Sampling ◽  
Future Earnings ◽  
Response Coefficient ◽  
Future Earning

<p>Tujuan penelitian ini adalah untuk memperoleh bukti empiris pengaruh earning persistence dan income smoothing terhadap future earning response coefficient (FERC) dengan asimetri informasi sebagai variabel moderasi. FERC merupakan informasi yang memungkinkan perusahaan memiliki pengetahuan tertentu mengenai future earnings pada saat perusahaan mengetahui current stock price, sehingga harga saham dapat merupakan sinyal terhadap future earnings. Metodologi penelitian yang digunakan adalah Moderated Regression Analysis (MRA), sampel penelitian adalah 86 perusahaan manufaktur yang terdaftar pada Bursa Efek Indoensia selama periode 2013 s/d 2017 dengan demikian terdapat 430 observasi, metode pengambilan sampel menggunakan purposive sampling. Penelitian menunjukan bahwa hanya variabel income smoothing yang memiliki pengaruh signifikan terhadap future earning respon koefisien, selanjutnya asimetri informasi mampu memperkuat pengaruh income smoothing terhadap future earning response koefisien. Sedangkan variabel kontrol yang memiliki pengaruh signifikan terhadap future earning respon koefisien hanya variabel invesment opportunity set dan audit committe. Kontribusi penelitian ini agar perusahaan dapat memperhatikan faktor-faktor yang dapat mempengaruhi FERC agar dapat memprediksi laba di masa yang akan datang.</p>

scholarly journals PENGARUH KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP FUTURE EARNINGS RESPONSE COEFFICIENT DENGAN KESEMPATAN PERTUMBUHAN SEBAGAI VARIABEL MODERASI

2020 ◽  
Vol 4 (2) ◽  
pp. 374
Author(s):  
Henny Henny ◽  
Thio Lie Sha
Keyword(s):  
Regression Analysis ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Growth Opportunities ◽  
Purposive Sampling ◽  
Future Earnings ◽  
Earnings Response Coefficient ◽  
Response Coefficient ◽  
Earnings Response

Tujuan penelitian ini adalah untuk memperoleh bukti empiris mengenai pengaruh kepemilikan manajerial dan kepemilikan institusional terhadap future earnings response coefficient dengan kesempatan pertumbuhan sebagai variabel moderasi pada perusahaan manufaktur di Bursa Efek Indonesia. Populasi dalam penelitian ini merupakan perusahaan manufaktur yang memenuhi kriteria penelitian, sehingga penarikan sampelnya sebanyak 36 perusahaan manufaktur dengan menggunakan metode purposive sampling. Analisis yang digunakan dalam penelitian ini adalah moderated regression analysis.  Hasil penelitian ini adalah kesempatan pertumbuhan sebagai variabel moderasi memperkuat hubungan positif kepemilikan manajerial dan kepemilikan institusional terhadap future earnings response coefficient, sedangkan kepemilikan manajerial dan kepemilikan institusional tidak berpengaruh langsung terhadap future earnings response coefficient. The purpose of this study is to obtain empirical evidence about the effect of managerial ownership and institutional ownership on future earnings response coefficient with growth opportunities as a moderating variable in manufacturing companies in the Indonesia Stock Exchange. The population in this study is a manufacturing company for the period 2010-2017 that meets the research criteria, so that the sample is 36 manufacturing companies using the purposive sampling method. The analysis used in this study is moderated regression analysis with SPSS. The results of this study is growth opportunities as a moderating variable to strengthen the positive relationship of managerial ownership and institutional ownership on future earnings response coefficient, while managerial ownership and institutional ownership do not directly influence future earnings response coefficient.

scholarly journals DOES INCOME SMOOTHING IMPROVE INFORMATIVENESS OF STOCK PRICES?

2017 ◽  
Vol 15 (2) ◽  
pp. 225-239
Author(s):  
Shinta Ningtiyas Nazar
Keyword(s):  
Empirical Evidence ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Income Smoothing ◽  
Earnings Persistence ◽  
Future Earnings ◽  
Earnings Response ◽  
Negative Effect ◽  
Using Data

The purpose of this research is to get empirical evidence from effect Income smoothing  to Informativeness of Stock Prices  in Indonesian Stock Exchange (IDX). Population from this research is take from companies that have been listing Index LQ 45 in IDX form 2003 until 2015. Income Smoothing is masured by Jones’s Model which have been modified by Kothari et. all (2005).  Informativeness of stock price using Zarowin and Tucker Model (2006) Future Earnings Response Coeficient, and  the relations to earnings persistence, which is can been seen from  relation from current earnings dan future earnings.   The research is using data from year 2003 until 2015 period, and  year 2014 used as terminal year.  That found  income smoothing have a negative effect to informativeness of stock  price and also found  the managers’ income smoothing action always decreases earnings from 2013 to 2015. Current earnings have related to future earnings.

scholarly journals PENGARUH INCOME SMOOTHING, KEBIJAKAN DEVIDEN, LEVERAGE DAN UKURAN PERUSAHAAN TERHADAP EARNINGS RESPONSE COEFFICIENT DAN FUTURE EARNINGS RESPONSE COEFFICIENT

2019 ◽  
Vol 11 (1) ◽  
pp. 31 ◽  
Author(s):  
Amrie Firmansyah ◽  
Vinola Herawaty
Keyword(s):  
Stock Returns ◽  
Fixed Effects ◽  
Stock Exchange ◽  
Negative Influence ◽  
Income Smoothing ◽  
Financial Data ◽  
Future Earnings ◽  
Earnings Response Coefficient ◽  
Response Coefficient ◽  
Earnings Response

<p class="Style1"><em>This study is aimed to examine the effect of income smoothing, dividend policy, </em><em>leverage and firm size on earnings response coefficient and future earnings response </em><em>coefficient. The population used in this study are all non</em><em><sub>:</sub></em><em>financial companies listed in </em><em>Indonesia Stock Exchange</em><em><sub>.</sub></em><em>from 2007 until 2013. The main data used in this research is </em><em>the data in 2011 and 2012. This research uses financial data from 2007 because the </em><em>data required in the calculation of income smoothing over the last 5 years for income </em><em>smoothing in 2011, while stock returns data in 2013 reflects the future returns for 2012. Completed and selected financial data </em><em>this research are 103 companies, so that </em><em>the samples in this research using 2-year period are 206. For examining data, this </em><em>research uses panel data regression model. After running chow test and hausman test, </em><em>the most suitable method for the regression is fixed effects method. This research shows </em><em>that income smoothing has positive influence significantly on ERC, but has negative </em><em>influence significantly on FERC. While, leverage has no influence significantly on </em><em>ERC, but has negative influence significantly on FERC. Furthermore both dividends </em><em>andfirm size have no influence on ERC and FERC.</em></p>

scholarly journals SISTEMATIK RISK, PERSISTENSI LABA TERHADAP EARNINGS RESPONSE COEFFICIENT PADA ENTITAS INDUSTRI

2018 ◽  
Vol 7 (2) ◽  
pp. 1
Author(s):  
Lalu Takdir Jumaidi ◽  
Rijal Rijal
Keyword(s):  
Stock Price ◽  
Stock Exchange ◽  
Systematic Risk ◽  
Earnings Persistence ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Earnings Response Coefficient ◽  
Response Coefficient ◽  
Economic Decision Making ◽  
Earnings Response

          Investors use financial statement information in their investment decisions. Earnings is usually the main consideration of investors in making decision. However, the increase in earnings is not always followed by positive stock price changes. It shows that in economic decision-making the investors not only need information about the company's financial condition, i.e profit, but also other information. Therefore, investors need useful tool to predict the up or rise of stock price namely earnings response coefficient which shows market reaction on earnings information published by company. If the investor perceived the information content of the announced profits as good quality then the investors will react positively to earnings anouncement.Therefore purpose of this study is to examine the effect of systematic risk, and earnings persistence on earnings response coefficient at manufacturing companies listed on the Stock Exchange. The population in this study are all manufacturing companies listed on the IDX in 2015. This study is determined by the method of purposive sampling and this study obtained 56 sample companies. The study usesecondary data which is obtained from www.idx.co.id. The results of this study based on multiple regression analysis indicate that systematic risk, leverage and profit persistence have no effect on earnings response coefficient.           Para Investor dalam pengambilan keputusan investasinya, menggunakan informasi laporan keuangan. Laba biasanya menjadi pertimbangan utama  investor. Namun kenaikan laba tidak selalu diikuti dengan perubahan harga saham yang positif. Hal tersebut menunjukkan, dalam pengambilan keputusan ekonomi, para investor membutuhkan informasi tentang kondisi keuangan perusahaan tidak hanya informasi laba saja, tetapi banyak informasi lainnya. Untuk itu digunakanlah alat yang berguna untuk memprediksi naik turunnya harga saham, yaitu earnings response coefficient yang menunjukkan kuat lemahnya reaksi pasar terhadap informasi laba yang dipublikasikan. Jika investor memiliki persepsi bahwa kandungan informasi laba yang diumumkan berkualitas, maka investor akan bereaksi positif terhadap perngumuman laba perusahaan tersebut. Penelitian ini mengkaji earnings response coefficient dengan menggunakan variabel bebas seperti risiko sistematik dan persistensi laba. Adapun tujuan dari penelitian ini untuk menguji pengaruh risiko sistematik, dan persistensi laba terhadap earnings response coefficient pada perusahaan manufaktur yang terdaftar di BEI. Penelitian ini adalah penelitian kuantitatif. Populasi penelitian ini adalah seluruh perusahaan manufaktur yang terdaftar di BEI tahun 2015. Dengan menerapkan purposive sampling diperoleh 56 perusahaan sebagai sampel. Jenis data yang digunakan adalah data sekunder yang diperoleh dari www.idx.co.id. Metode analisis yang digunakan adalah analisis regresi berganda. Hasil penelitian ini menunjukkan bahwa risiko sistematik dan persistensi laba tidak berpengaruh terhadap earnings response coefficient.Keywords : systematic risk, earnings persistence, earnings response coefficient

scholarly journals Does Income Smoothing Improve Earnings Informativeness?

2006 ◽  
Vol 81 (1) ◽  
pp. 251-270 ◽  
Author(s):  
Jennifer W. Tucker ◽  
Paul A. Zarowin
Keyword(s):  
Private Information ◽  
Information Search ◽  
Stock Price ◽  
Cash Flows ◽  
Income Smoothing ◽  
Cross Sectional ◽  
New Approach ◽  
Future Earnings ◽  
Earnings Information ◽  
Size Growth

This paper uses a new approach to examine whether income smoothing garbles earnings information or improves the informativeness of past and current earnings about future earnings and cash flows. We measure income smoothing by the negative correlation of a firm's change in discretionary accruals with its change in premanaged earnings. Using the approach of Collins et al. (1994), we find that the change in the current stock price of higher-smoothing firms contains more information about their future earnings than does the change in the stock price of lower-smoothing firms. This result is robust to decomposing earnings into cash flows and accruals and to controlling for firm size, growth, future earnings variability, private information search activities, and cross-sectional correlations.

ANALISIS PENGARUH INFLASI, KURS DAN IHSG TERHADAP RETURN REKSA DANA SAHAM PT NIKKO SECURITIES INDONESIA PERIODE 2014-2017

2019 ◽  
Vol 2 (2) ◽  
pp. 103
Author(s):  
Muhammad Rois Rois ◽  
Manarotul Fatati Fatati ◽  
Winda Ihda Magfiroh
Keyword(s):  
Regression Analysis ◽  
Exchange Rate ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Stock Price ◽  
Price Index ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Equity Fund ◽  
Stock Price Index

This study aims to determine the effect of Inflation, Exchange Rate and Composite Stock Price Index (IHSG) to Return of PT Nikko Securities Indonesia Stock Fund period 2014-2017. The study used secondary data obtained through documentation in the form of PT Nikko Securities Indonesia Monthly Net Asset (NAB) report. Data analysis is used with quantitative analysis, multiple linear regression analysis using eviews 9. Population and sample in this research are PT Nikko Securities Indonesia. The result of multiple linear regression analysis was the coefficient of determination (R2) showed the result of 0.123819 or 12%. This means that the Inflation, Exchange Rate and Composite Stock Price Index (IHSG) variables can influence the return of PT Nikko Securities Indonesia's equity fund of 12% and 88% is influenced by other variables. Based on the result of the research, the variables of inflation and exchange rate have a negative and significant effect toward the return of PT Nikko Securities Indonesia's equity fund. While the variable of Composite Stock Price Index (IHSG) has a negative but not significant effect toward Return of Equity Fund of PT Nikko Securities Indonesia

Effect Of Leverage, Inflation And GDP To Share Price Pt. Astra Otoparts Tbk.

ProBank ◽  
2018 ◽  
Vol 3 (2) ◽  
pp. 17-21
Author(s):  
Heriyanta Budi Utama ◽  
Florianus Dimas Gunurdya Putra Wardana
Keyword(s):  
Gross Domestic Product ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Share Price ◽  
Domestic Product ◽  
Coefficient Of Determination ◽  
Test Results ◽  
Purposive Sampling

The purpose of this study was to obtain empirical evidence about the effect of leverage, inflation and Gross Domestic Product (GDP) of the share price at PT. Astra Autopart, Tbk. companies in Indonesia Stock Exchange in 2011-2015. The sampling technique in this study using a purposive sampling. With the technique of purposive  sampling, all the members of the research samples by criteria. Samples that meet the criteria are used research data. Then followed the classic assumption test and test hypotheses by linear regression. The results of this study demonstrate the regression results in regression equation that Y = 2605,424 + 1561,550 X1 + 2,338 X2 + 38,994X3. T test results showed that the leverage anda GDP (Gross Domestic Product) is positive and significant effect on stock prices, while inflation is not positive and significant effect on stock prices. F test results showed that jointly leverage variables, inflation and GDP variables affecting the stock price significantly. The test results R2 (coefficient of determination) found that the variable leverage, inflation and GDP able to explain 35,4% of the stock price variable, while the remaining 64,6% is explained by other variables.Keywords: leverage, inflation, GDP, and the share priceThe purpose of this study was to obtain empirical evidence about the effect of leverage, inflation and Gross Domestic Product (GDP) of the share price at PT. Astra Autopart, Tbk. companies in Indonesia Stock Exchange in 2011-2015.The sampling technique in this study using a purposive sampling. With the technique of purposive  sampling, all the members of the research samples by criteria. Samples that meet the criteria are used research data. Then followed the classic assumption test and test hypotheses by linear regression.The results of this study demonstrate the regression results in regression equation that Y = 2605,424 + 1561,550 X1 + 2,338 X2 + 38,994X3. T test results showed that the leverage anda GDP (Gross Domestic Product) is positive and significant effect on stock prices, while inflation is not positive and significant effect on stock prices. F test results showed that jointly leverage variables, inflation and GDP variables affecting the stock price significantly. The test results R2 (coefficient of determination) found that the variable leverage, inflation and GDP able to explain 35,4% of the stock price variable, while the remaining 64,6% is explained by other variables.Keywords: leverage, inflation, GDP, and the share price

scholarly journals CSR Disclosure on Earnings Management with the Presence of Women in the GCG Structure

2020 ◽  
Vol 15 (2) ◽  
pp. 293
Author(s):  
Alit Wahyuningsih ◽  
Ni Ketut Rasmini
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Earnings Management ◽  
Purposive Sampling ◽  
Good Corporate Governance ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Sustainability Report

ABSTRAK Penelitian ini bertujuan untuk memperoleh bukti empiris mengenai pengaruh pengungkapan Corporate Social Responsibility pada manajemen laba dengan keberadaan wanita dalam mekanisme Good Corporate Governance sebagai variabel moderasi. Metode penentuan sampel yang digunakan adalah purposive sampling dengan kriteria perusahaan yang terdaftar dalam indeks LQ45 di Bursa Efek Indonesia dan menerbitkan laporan tahunan serta laporan keberlanjutan (sustainability report) berturut-turut selama periode 2013-2017. Jumlah sampel yang digunakan dalam penelitian ini sebanyak 40 sampel. Metode dokumentasi digunakan untuk mengumpulkan data. Teknik analisis data yang digunakan yaitu Moderated Regression Analysis. Penelitian ini menyimpulkan bahwa pengungkapan Corporate Social Responsibility berpengaruh positif pada manajemen laba. Keberadaan wanita dalam komite audit yang mewakili proksi dari variabel keberadaan wanita dalam mekanisme Good Corporate Governance mampu memperlemah pengaruh pengungkapan Corporate Social Responsibility pada manajemen laba. Hasil penelitian ini sejalan dengan teori hipotesis biaya politik yang menyatakan bahwa perusahaan yang memiliki biaya politik yang tinggi cenderung akan melakukan manajemen laba. Kata Kunci: manajemen laba, pengungkapan corporate social responsibility, good corporate governance

Faktor-Faktor Yang Mempengaruhi Dividend Payout Ratio Yang Dimoderasi FCF Pada Sektor Properti

IJAcc ◽  
2020 ◽  
Vol 1 (1) ◽  
pp. 1-16
Author(s):  
Mintauli Debataraja ◽  
Po. Abas Sunarya ◽  
Lusyani Sunarya
Keyword(s):  
Regression Analysis ◽  
Real Estate ◽  
Dividend Payout ◽  
Purposive Sampling

Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh profitabilitas, leverage, likuiditas, ukuran perusahaan dan pertumbuhan perusahaan terhadap DPR pada perusahaan sektor properti & real estate yang terdaftar di BEI periode 2012-2016. Jenis data yang digunakan dalam penelitian ini adalah data sekunder dari laporan keuangan perusahaan. Pemilihan sampel dengan menggunakan metode purposive sampling. Jumlah sampel sebanyak 9 perusahaan dari 48 perusahaan sehingga data yang dianalisis sebanyak 45 data. Pengujian hipotesis dengan menggunakan analis regresi linear berganda dan Moderated regression analysis (MRA). Hasil yang didapat pada penelitian ini menunjukkan bahwa ROI (0,001 < 0,05), DER (0,034 < 0,05) dan CR (0,005 < 0,05) berpengaruh signifikan terhadap DPR, sedangkan Size (0,023 > 0,05), Growth (0,275 > 0,05) dan FCO (0,377 > 0,05) tidak berpengaruh terhadap DPR

KEPUTUSAN PEMBELIAN PRODUK SAPA KOPI MENGGUNAKAN E-COMMERCE PADA LAYANAN PESAN ANTAR BERBASIS OJEK ONLINE

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Jati Prastyo ◽  
Bambang Mursito ◽  
Istiqomah Istiqomah
Keyword(s):  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Multiple Regression ◽  
Sampling Technique ◽  
Quantitative Approach ◽  
Purchasing Decisions ◽  
Purposive Sampling ◽  
Delivery Service ◽  
Motorcycle Taxi

The purpose of this study is to examine purchasing decisions through online applications (e-commerce) on an online motorcycle taxi-based delivery service. This study uses a quantitative approach, namely by collecting data from respondents using a questionnaire. The number of samples is 100 people, calculated using the Slovin formula for buyers for three months. The sampling technique uses purposive sampling on consumers who have bought Sapa Kopi products through the Grabfood application. In testing multiple regression analysis using SPSS version 21, the calculated F value of 64.530 (p> 3.09) and a significance value of 0.000 (p 1.98) with a significance value of 0.000 (p 1.98) with a significance value of 0.000 (p 1.98) with a significance value of 0.017 (p

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