PENGARUH KONSERVATISME AKUNTANSI DAN KESEMPATAN BERTUMBUH TERHADAP EARNING RESPONSE COEFFICIENT (ERC) (Studi Empiris Pada Perusahaan Manufaktur Yang terdaftar di Bursa Efek Indonesia Tahun 2011-2014)
Abstract
This study aims to identify and examine the effect of accounting
conservatism dan growth opportunity on earnings response coefficient (ERC) by using firms size and leverage as control variables. Population in this research was manufacturing companies listed in Indonesia Stock Exchange (IDX) during
2011-2014. The sample was 85 companies. Analysis technique of data is multiple linear regression.
The results showed that accounting conservatism and growth opportunity have no effect on earnings response coefficient (ERC). The advanced results showed that accounting conservatism in the small firm has a positive effect on ERC and accounting conservatism in the big firm has no effect on ERC. Accounting conservatism in the hight leverage firm has a positive effect on ERC and accounting conservatism in the low leverage firm has no effect on ERC. Growth opportunity in the small firm, big firm, high leverage, and low leverage have no effect on ERC. Based on the above result, suggested: (1) For the next researcher to use different measuring instruments to get better result. (2) For the companies to enhance the size of their companies, because investors prefer the large size companies. Companies to consider the level of leverage, because the high leverage will be responded negatively by the investors. For small companies, to be more conservative to get positive responsed from investors.
Keywords: Accounting Conservatism, Growth Opportunity, Firm Size, Leverage, and Earnings Response coeffficient
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