PENGARUH ATRIBUT LABA BERBASIS AKUNTANSI TERHADAP BIAYA EKUITAS (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2010-2014)
Abstract
This study aims to provide empirical evidence about the effect of accounting earnings attributes on the cost of equity at companies listed on the Stock Exchange. Accrual Quality in this study is measured by linking earnings with cash flow operation. The earnings persistence is measured by linking past after-income tax with the after- income tax of the current period and income smoothing measured using the standard deviation of after-tax profits with operating cash flows.
This type of research is categorized in causative research. The population in this study is a manufacturing company listed on the Indonesia Stock Exchange for 5 years from 2010 to 2014. While the sample research is determined by purposive sampling method to obtain 55 sample companies. Type of data used in the form of secondary data obtained from www.idx.co.id. The analysis used in this research is multiple linear regression analysis. The result of this research is accrual quality have significant negative effect to cost of equity, earnings persistence have negative not significant to cost of equity and income smoothing have negative effect is not significant to cost of equity
Keywords: Accrual Quality, Earning Persistence, Income Smoothing, Cost of Equity
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