Pengaruh Leverage, Risiko Sistematis Dan Kualitas Auditor Terhadap Relevansi Nilai Laba Akuntansi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI)
Abstract
This study aimed to test whether (1) the effect of leverage on the value relevance of accounting earnings, (2) systematic risk on the value relevance of accounting earnings, and (3) the influence of audit quality on the value relevance of accounting earnings in manufacturing companies listed on the Indonesia Stock Exchange. This study is classified as a type of research that is causative. This study is a population of companies listed on the Indonesia Stock Exchange (IDX) in 2009 to 2011. Samples was determined by purposive sampling method, to obtain a sample of 54 manufacturing companies. The data used in this study are secondary data. Data was collected with engineering documentation obtained through IDX official website: www.idx.co.id and obtained from the website: www.yahoofinace.com. Analysis of the data used is multiple regression analysis. The results prove that (1) the leverage does negative affect the value relevance of accounting earnings, (2) the systematic risk does not affect the value relvance of accounting earnings, and (3) audit quality does not affect the value relevance of accountings earnings. Based on the above results, it is suggested: (1) For further study, expected use all sectors firms as samples. (2) For investors, in the assessment of the value relevanxe of accoutting earnings should consider other factor such as earnings persistence and firm size
Keywords: Value relevance of accountings earnings , leverage, systematic risk and audit quality.
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