Pengaruh Islamic Social Reporting, Persistensi Laba, Dan Struktur Modal Terhadap Earnings Response Coefficient (studi Pada Perusahaan Manufaktur Yang Terdaftar Di Jakarta Islamic Index (jii) Periode 2014 - 2019)

Abstract

Abstrak Earnings Response Coefficient (ERC) merupakan reaksi return saham terhadap setiap pengumuman laba atau laba kejutan. ERC digunakan untuk mengukur seberapa besar tingkat abnormal return terhadap pengumuman laba. Laba yang diperoleh suatu perusahaan akan berpengaruh terhadap harga saham. Perushaan yang mengalami peningkatan harga saham, sebaliknya ketika perusahaan mengalami penurunan laba maka harga saham akan menurun. Penelitian ini bertujuan untuk mengetahui pengaruh Islamic social reporting, persistensi laba, dan struktur modal terhadap earnings response coefficient pada perusahaan manufaktur yang terdaftar di Jakarta Islamic Index (JII) periode 2014-2019. Sampel yang digunakan dalam penelitian ini sebanyak 36 sampel dengan menggunakan purposive sampling. Data pada penelitian ini dianalisis dengan menggunakan analisis deskriptif dan regresi data panel dengan menggunakan Eviews 10. Hasil penelitian ini menunjukkan bahwa Islamic Social Reporting, Persistensi Laba, dan Strktur Modal berpengaruh secara simultan terhadap Earning Response Coefficient. Islamic Social Reporting berpengaruh negatif terhadap Earning Response Coefficient. Persistensi Laba dan Struktur Modal tidak berpengaruh terhadap Earning Response Coefficient. Kata Kunci: Earnings Response Coefficient, Islamic Social Reporting, Persistensi Laba, dan Struktur Modal. Abstract Earnings Response Coefficient (ERC) is a stock return reaction to any earnings announcements or surprise earnings. ERC is used to measure how much the level of abnormal return on earnings announcements in a company. The profit earned by a company will affect the stock price. Companies that experience an increase in profits will experience an increase in share price,on the other hands, when companies experience a decrease in profits, the share price will decrease. This study aims to determine the effect of Islamic social reporting, earnings persistence, and capital structure on earnings response coefficient in manufacturing companies listed on the Jakarta Islamic Index (JII) period 2014-2019. The sample used in this study were 36 samples using purposive sampling. The data in this study were analyzed using descriptive analysis and panel data regression using Eviews 10. The results of this study indicate that Islamic Social Reporting, Earnings Persistence, and Capital Structure simultaneously influence the Earning Response Coefficient. Partially Islamic Social Reporting has a negative effect on Earning Response Coefficient. Partially, earnings persistence and capital structure have no effect on earnings response coefficient. Keyword: Earning Response Coefficient, Islamic Social Reporting, Earnings Persistence, and Capital Structure.