PENGARUH DEFAULT RISK, PROFITABILITAS DAN RESIKO SISTEMATIS TERHADAP EARNINGS RESPONSE COEFFICIENT (Studi Empiris pada seluruh Perusahaan yang terdaftar di BEI tahun 2011-2014)

Anggita Rullyan - Program Studi Akuntansi Fakultas Ekonomi Universitas Negeri Padang

Abstract


This study aimed provide empirical evidence about the effect of default risk, profitability, and systematic risk on earnings response coefficient in companies listed on the Indonesian Stock Exchange. Default risk in this study was measured by total debt divided by total equity. Profitability measured by earnings after tax divided by total assets and systematic risk measured by CAPM single model. This research was classified as causative research. The population in this study was all companies listed in the Indonesian Stock Exchange during 2011 to 2014. The sample was determined by using purposive sampling method, and obtained 302 companies. Data used obtained from www.idx.co.id. The documentation technique was used in collecting the data.Meanwhile, panel data regression analysis was used in analyzing the data. The results of this study were (1) default risk has a negative significant effect on earnings response coefficient, (2) profitability has no significant effect on earnings response coefficient, and (3) systematic risk has no significant effect on earnings response coefficient

Keywords: ERC, Default Risk, Profitability, Systematic Risk





Full Text:

PDF

References


A Zubaidi Indra, Agus Zahron, Ana Rosianawati. 2011. Analisis Faktor-Faktor yang Mempengaruhi Earnings Response Coefficient. Jurnal Akuntansi dan Keuangan. Vol.16., No.1., Januari-Juni 2011.

An, Yohan. 2015. Ernings Response Coefficient and Default Risk: Case of Korean Firms. http://ijfr.sciedupress.com. Vol.6., No.2: March 2015.

Brigham, Eugene F., Joel F Houston. 2001. Manajemen Keuangan Edisi 8. Erlangga: Jakarta.

Charoline, Cheiviyanny., Herlina Helmy., Joan Marta. The Effect of Company Characteristics on Earning Response Coefficient. Softcopy via flashdisk. Tanggal peroleh : 15 Desember 2015.

Christine, Dwi Karya Susilawati. 2008. Faktor-Faktor Penentu ERC. Jurnal Ilmiah Akuntansi. Vol.7., No.2., November 2008:146-161.

Dyah, Hayu Pradipta,. Anna Purwaningsih. 2012. Pengaruh Luas Pengungkapan Tanggung Jawab Sosial an Lingkungan Perusahaan Terhadap Earnings Response Coefficient (ERC) dengan Ukuran Perusahaan dan Leverage sebagai Variabel Kontrol. Simposium Nasional Akuntansi 15 2012: Universitas Lambung Mangkurat.

Eduardus, Tandelilin. 2010. Portofolio Dan Investasi, Teori Dan Aplikasi. Yogyakarta: Kanisius.

Erma, Setiawati., Nursiam. 2014. Analisis Pengaruh Ukuran, Pertumbuhan dan Profitabilitas Perusahaan terhadap Koefisien Respon Laba. Research Methods and Organizational studies. ISBN: 978-602-70429-1-9., Hal.175-188.

Etty, Murwaningsari. 2008. Pengujian Simultan : Beberapa Faktor Yang Mempengaruhi Earnings Response Coefficient. Simposium Nasional Akuntansi XI 2008: Pontianak.

Hasanzade, Mahboobe., Roya Darabi., Gholameza Mahfoozi. 2013. Factors Affecting the Earnings Response Coefficient: An Empirical Study For Iran. European Online Journal of Natural and Sosial Science. Vol.2., No.3.

Jogiyanto. 2008. Teori Portofolio dan Analisis Investasi. Yogyakarta : BPFE Yogyakarta.

Khoerul, Umam Sandi. 2013. Faktor-faktor yang mempengaruhi Earnings Response Coefficient. Accounting Journal Analysis. ISSN:2252-6765.

Maisil, Delvira., Nelvirita. 2013. Pengaruh Resiko Sistematik, Leverage dan Persistensi Laba terhadap Earnings Response Coefficient (ERC). Jurnal WRA. Vol.1., No.1., April 2013.

Moch, Doddy Ariefianto. 2012. Ekonometrika Esensi Dan Aplikasi Dengan Menggunakan Eviews. Jakarta: Erlangga.

Muhammad, Arfan., Ira Antasari. 2008. Pengaruh Ukuran, Pertumbuhan, dan Profitabilitas terhadap Koefisien Respon Laba. Jurnal Telaah dan Riset Akuntansi. Vol.1., No.1., Januari 2008. Hal. 50-64.

Nana, Nofianti. 2014. Pengaruh Struktur Modal, Ukuran Perusahaan dan Kebijakan Deviden terhadap Koefisien Respon Laba. Jurnal Etikonomi. Vol. 13,. No 2., Oktober 2014.

Ratna, Wijayanti Daniar Paramita. 2012. Pengaruh Leverage, Firm Size, dan Voluntary Disclosure terhadap Earnings Response Coefficient (ERC). Jurnal Wiga. Vol.2,. No.2,. September 2012.

Rosa, Arilia Melati. 2013. Pengaruh Pengungkapan Informasi CSR dan Profitabilitas terhadap Earning Respons Coefficient. Jurnal Ilmu dan Riset Akuntansi. Vol.2., No.12.

Rulfah, M Daud., Nur Afni Syafruddin. 2008. Pengaruh Corporate Social Responsibility Disclosure, Timeliness dan Debt to Equity Ratio terhadap Earnings Response Coefficient. Jurnal Telaah dan Riset Akuntansi. Vol 1 No 1 jan 2008.

Scott, William R. 2009. Financial Accounting Theory, Fifth Edition. Canada: Prentice Hall Inc. Ontario.

Sem, Paulus Silalahi. 2014. Pengaruh Corporate Social Responsibility (CSR) Disclosure, Beta, dan Price to Book Value (PBV) terhadap Earnings Respons Coefficient). Jurnal Ekonomi. Vol.22., No.1., Maret 2014.

Suad, Husnan. 2005. Dasar-dasar teori portofolio dan analisis sekuritas. Yogyakarta: UPP AMP YKPN

Suwardjono. 2005. Teori Akuntansi Perekayasaan Pelaporan Keuangan, Edisi Ketiga. FE UGM: BPFE Yogyakarta.

Wing, Wahyu Winarno. 2009. Analisis Ekonometrika Dan Statistika Dengan Eviews. Yogyakarta : Sekolah Tinggi Ilmu Manajemen YPKN

www.idx.co.id.

www.finance.yahoo.com.

www.sahamOK.com.

Yulius, Kurnia Susanto. 2012. Determinasi Koefisien Respon Laba. Jurnal Akuntansi Manajemen. Vol.23., No,3., Desember 2012.

Yossi, Diantimala. 2008. Pengaruh Akuntansi Konservatif, Ukuran Perusahaan dan Default Risk terhadap Koefisien Respon Laba (ERC). Jurnal Telaah dan Riset Akuntansi. Vol.1, No.1, Januari 2008:102-122.

Zakaria, Nor Balkish., Muhamad Azwan bin Md Isa and Rabiatul Alawiyah Zainal Abidin. 2013. Default Risk and The Earnings Response Coefficient, Evidence from Malaysia. Journal of Basic and Applied Scientific Research. www.textroad.com. ISSN: 2090-4304.