Pengaruh Corporate Social Responsibility, Default Risk, Dan Profitabilitas Terhadap Earnings Response Coefficient (studi Pada Perusahaan Pertambangan Yang Terdaftar Di Bei Tahun 2013-2018)

Erika Sulung, Muhamad Muslih, Djusnimar Zultilisna

Abstract

Abstrak Earnings response coefficient (ERC) merupakan model penilaian untuk mengukur seberapa besar reaksi pasar terhadap informasi mengenai perusahaan yang tercermin dengan dikeluarkannya laporan keuangan, terutama informasi laba. Secara teori, jika laba perusahaan yang diperoleh meningkat maka harga saham juga ikut meningkat. Begitu juga sebaliknya, jika laba yang diperoleh perusahaan mengalami penurunan atau kerugian maka akan menurunkan harga saham. Namun ada beberapa fenomena yang tidak sejalan dengan teori tersebut yang menyebabkan perubahan pada nilai ERC. Penelitian ini bertujuan untuk meneliti pengaruh kualitas corporate social responsibility, default risk, dan profitabiltas secara simultan maupun parsial terhadap earnings response coefficient pada perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2013-2018. Teknik pengambilan sampel dalam penelitian ini adalah purposive sampling dan diperoleh sebanyak 6 perusahaan dalam kurun waktu 6 tahun sehingga didapat 36 total sampel perusahaan. Teknik analisis yang digunakan dalam penelitian ini adalah analisis regresi data panel dengan menggunakan aplikasi EViews 9 Version. Hasil penelitian ini menunjukan bahwa secara simultan variabel kualitas corporate social responsibility, default risk, dan profitabiltas berpengaruh terhadap earnings response coefficient. Secara parsial variabel kualitas corporate social responsibility dan default risk tidak berpengaruh terhadap earnings response coefficient, sedangkan variabel profitabilitas berpengaruh negatif signifikan terhadap manajemen laba Kata-kata Kunci: Earnings Response Coefficient, Kualitas Corporate Social Responsibility, Default Risk, Profitabiltas. Abstract Earnings response coefficient (ERC) is a valuation model to measure how much the market reacts to information about a company as reflected by the issuance of financial statements, especially earnings information. In theory, if the company's profits are increased, then the stock price also increases. Vice versa, if the profits obtained by the company experience a decline or loss, it will reduce the stock price. But there are some phenomena that are not in line with the theory which leads to changes in the value of ERC. This study aims to examine the effect of corporate social responsibility quality, default risk, and profitability simultaneously or partially on earnings response coefficients in mining companies listed on the Indonesia Stock Exchange (IDX) in 2013-2018. The sampling technique in this study was purposive sampling and obtained as many as 6 companies within a period of 6 years to obtain 36 total sample companies. The analysis technique used in this study is panel data regression analysis using the EViews 9 Version application. The results of this study show that simultaneously the variables of corporate social responsibility quality, default risk, and profitability affect earnings response coefficient. Partially the variable of corporate social responsibility quality and default risk does not affect earnings response coefficient, while profitability variables have a significant negative effect on earnings management. Keywords: Earnings Response Coefficient, Corporate Social Responsibility Quality, Default Risk, Profitability.

Full Text:

PDF

Refbacks

  • There are currently no refbacks.
max_upload :0