Timeliness Publikasi Laporan Keuangan, Income Smoothing dan Growth Opportunities terhadap Earnings Response Coefficient
Abstract
The purpose of this study was to examine the effect of timeliness of financial report publication, income smoothing and growth opportunities on the earnings response coefficient. In addition, to test differences in the timeliness of publication of financial report, income smoothing, growth opportunities and earnings response coefficient before and during the COVID-19 pandemic. The population in this study is 768 companies listed on the Indonesia Stock Exchange in 2018-2021. This study used probability random sampling technique, which was stratified random sampling and obtained sample data of 263 companies. The data analysis technique used is multiple linear regression and paired sample T-test. The results of data analysis show that the timeliness of financial report publication and growth opportunities have a positive effect on the earnings response coefficient. Meanwhile, income smoothing has a negative effect on the earnings response coefficient. In addition, there are differences in the timeliness of publication of financial report, income smoothing, growth opportunities and earnings response coefficient before and during the COVID-19 pandemic..
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References
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Bulutoding, L. (2020). The Connexion of Financial Ratio and Islamic Social Reporting (ISR) on Earnings Response Coeeficient with Firm Size as a Moderating. International Journal of Research Science & Management, 7(5), 1–16.
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Haryanti, W., Adisel, Syafri, F. S., & Suryanti. (2021). Pengaruh Media Dua Dimensi Terhadap Pemahaman Konsep Matematika. Journal of Elemantary School (JOES), 4(2).
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Marsella, S., & Vivi, A. T. (2016). Faktor – Faktor yang Memengaruhi Earning Response Coefficient (ERC) dengan Timeliness Sebagai Variabel Intervening. Jurnal Kwik Kian Gie, 1–17.
Oktavia, S. A., & Harti, B. Y. (2022). Analisis Pengaruh Prudence, Ukuran Perusahaan, Growth Opportunities dan Default Risk Terhadap Earnings Response Coefficient (ERC). Jurnal Ekonomi Trisakti, 2(2), 963–976.
Oware, K. ., & Mallikarjunappa, T. (2021). Corporate Social Responsibility and Debt Financing of Listed Firms: A Quantile Regression Approach. Journal of Financial Reporting and Accounting, 1985–2517.
Pangestu, N., R., & Rokhmania, N. (2021). Pengaruh Struktur Modal, Profitabilitas, Arus Kas Operasi, Ukuran Perusahaan Dan Ketepatan Waktu Terhadap Earnings Response Coefficient. Jurnal STIE PERBANAS SURABAYA, 1–22.
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Pinatih, N. M. A., & Astika, I. B. P. (2020). Praktik Perataan Laba dan FaktorFaktor yang Mempengaruhinya. E-Jurnal Akuntansi Universitas Udayana, 30(11), 2864–2877.
Puspitasari. (2019). Analysis the Effect of Growth Opportunity, Liquidity, Leverage, And Cash Flows Volatility to Hedging Decision. International Journal for Innovation Education and Research, 7(12), 307–312.
Rizky, A. ., & Etty, M. (2022). Effect of Corporate Performance, Voluntary Disclosure on Earnings Response Coefficient (ERC) Moderated Liquidity. International Journal of Advanced Research in Economics and Finance, 4(1), 99–111.
Sa’diyah, N. (2023). Dampak Profitabilitas, Leverage, Ukuran Perusahaan Dan Kesempatan Bertumbuh Terhadap Earning Response Coefficient. Jurnal Rekognisi Ekonomi Islam, 2(1), 37–51.
Saraswati, H. (2020). Dampak Pandemi Covid-19 Terhadap Pasar Saham Di Indonesia. Jurnal Riset Akuntansi & Keuangan Dewantara, 3(2), 153–163.
Scott, W. R. (2009). Financial Accounting Theory. Prentice Hall Inc. Ontario.
Septiano, R., Febri, N. A., & Laynita, S. (2022). Pengaruh leverage dan profitabilitas terhadap earning response coefficient. Jurnal Ilmu Multidisiplin, 1(1), 193–202.
Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374.
Stephani, E., & Widyasari. (2020). Pengaruh Capital Structure, Growth Opportunities dan Accounting Conservatism Terhadap Earnings Response Coefficient. Jurnal Multiparadigma Akuntansi Tarumanagara, 2, 1196–1202.
Sudarma, I. P., & Sari, M. M. R. (2020). Financial Distress, Growth Opportunities, and Dividend Policy on Firm Value Through Company Hedging Policies: Empirical Study on Property and Real Estate Companies Listed on Indonesian Stock Exchange. International Research Journal of Management, IT and Social Sciences, 8(1), 47–59.
Susanto, C., Helen, L., & Carmel, M. (2022). Meta Analisis: Determinan Earnings Response Coefficient Pada Beberapa Penelitian Skripsi di Indonesia. Jurnal Proaksi, 9(2), 127–143.
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Tamara, A., & Suaryana, I. G. N. A. (2020). Pengaruh Growth Opportunity dan Leverage pada Earning Response Coefficient. E Journal Akuntansi UDAYANA, 30(6), 1414–1424.
Thi, H. N. D., & Thi, H. D. (2022). A Quality Financial Report: A Conceptual Analysis. International Journal of Research In Vocational Studies (IJRVOCAS), 2(1), 26–32.
Walianto, R. R., Inge, L. S. ., & Fatahurrazak. (2021). Pengaruh Konservatisme Laba dan Voluntary Disclosure Terhadap Earnings Response Coefficient Pada Perusahaan Industri Sektor Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Periode 2017-2019. Student Online Journal (SOJ) UMRAHEkonomi, 2(1), 240–252.
Widiatmoko, J., & MG. Kentris, I. (2018). The Determinans Of Earnings Response Coefficient: An Empirical Study For The Real Estate And Property Companies Listed On The Indonesia Stock Exchange. Accounting Analysis Journal, 7(2), 135–143.
Wulandari, K. T., & Wirajaya, I. G. A. (2014). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Earningss Response Coefficient pada Perusahaan High Profile. E-Jurnal Akuntansi Universitas Udayana, 6(3), 355–369.
Yimenu, K. A., & A.S, S. (2019). And, Earning Management: From Agency Signalling Theory Perspective in Ethiopia. Journal of Economics, Management and Trade, 24(6), 1–12.
Abogun, S. (2021). Income Smoothing And Firm Value In A Regulated Market: The Moderating Effect Of Market Risk. Asian Journal of Accounting Research, 6(3), 296–308.
Acharya, V. V., & Lambrecht, B. M. (2015). A Theory of Income Smoothing When Insiders Know More Than Outsiders. The Review of Financial Studies, 28(9), 2534–2574.
Anggaraini, N., & Bambang, S. H. (2015). Pengaruh Perataan Laba, Ukuran Perusahaan dan Debt to Equity Ratio pada Reaksi Pasar. E Journal Akuntansi UDAYANA, 13(3), 766–778.
Anggita, D. ., & Wahyu, N. . (2021). Pengaruh Struktur Modal, Alokasi Pajak dan Ukuran Perusahaan Terhadap Earnings Response Coefficient (ERC). Proceeding Sarjana Akuntansi Tugas Akhir Secara Berkala. SAKUNTALA.
Aritonang, R., & Moch. Doddy. (2022). Pengaruh Accounting Conservatism, Income Smoothing dan Free Cash Flow Terhadap Earning Response Coefficient pada Perusahaan Non Jasa Keuangan yang Terdaftar di Bursa Efek Indonesia (BEI) pada Tahun 2010 – 2019. Fair Value : Jurnal Ilmiah Akuntansi Dan Keuangan, 4(10), 4671–4681.
Arthamevia, S. A., Ayu, M., Ula, U., Rizqi, S., Nissa, F., & Cahyo, H. (2021). Pengaruh Covid-19 Terhadap Harga Saham Di Indonesia Tahun 2019-2020. Seminar Nasional Official Statistics, 2020(1), 34–44. https://doi.org/10.34123/semnasoffstat.v2020i1.427
Awawdeh, H. Al, Al-Sakini, S. A., & Nour, M. (2020). Factors affecting earnings response coefficient in Jordan: Applied study on the Jordanian industrial companies. Investment Management and Financial Innovations, 17(2), 255–265. https://doi.org/10.21511/imfi.17(2).2020.20
Ayadi, W. M., & Boujelbène, Y. (2014). The Relationship Between Ownership Structure and Earnings Quality in the French Context. International Journal of Accounting and Economics Studies, 4(7), 684–691.
Baskoro, A. (2021). The Influence of Corporate Social Responsibility (CSR) Disclosure and Sustainability Accounting on Earnings Response Coefficient (ERC). International Journal of Current Science Research and Review, 4(7), 684–691.
Bulutoding, L. (2020). The Connexion of Financial Ratio and Islamic Social Reporting (ISR) on Earnings Response Coeeficient with Firm Size as a Moderating. International Journal of Research Science & Management, 7(5), 1–16.
Endri, E., Aipama, W., & Septiano, R. (2021). Stock price volatility during the COVID-19 pandemic: The GARCH model. Investment Management & Financial Innovations. Investment Management & Financial Innovations, 18(4), 12–20.
Fauzan, M., & Agus, P. (2017). Perusahaan dan Resiko Sistematik Terhadap Earnings Response Coefficient (ERC) (Studi Empiris Pada Perusahaan Manufaktur, Properti dan Pertambangan yang Terlisting di Bursa Efek Indonesia (BEI) pada periode 2013-2014). Diponegoro Journal of Accounting, 6(1–15).
Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Badan Penerbit Universitas Diponegoro.
Gunawan, K., & Erlina, W. (2021). Pengaruh Persistensi Laba, Timeliness Laporan Keuangan dan Corporate Social Responsibility Terhadap Earnings Response Coefficient (Studi Empiris: Perusahaan Manufaktur Yang Terdaftar di BEI Periode 2016-2018). Hita Akuntansi Dan Keuangan, 185–201.
Haryanti, W., Adisel, Syafri, F. S., & Suryanti. (2021). Pengaruh Media Dua Dimensi Terhadap Pemahaman Konsep Matematika. Journal of Elemantary School (JOES), 4(2).
Isenmilia, P. . (2022). Audit Committee Financial Expertise and Financial Reporting Timeliness Aimienrovbiye Humphrey Ehigie. Mediterranean Journal of Social Science, 13(2), 32–41.
Istifarda, D. (2015). Pengaruh Income Smoothing (Perataan Laba) Terhadap Earnings Response (Reaksi Pasar) Pada Perusahaan Manufaktur di Bursa Efek Indonesia (BEI). Artikel Ilmiah Mahasiswa, 1–6.
Jessica, & Prasetyo, A. H. (2019). Respon Investor atas Sinyal Laba, Peluang Bertumbuh, Struktur Modal dan Ukuran Perusahaan pada Perusahaan Manufaktur di BEI Periode 2014-2018. Kwik Kian Gie School of Business, 8(2), 220–238.
Lim, S. A. (2022). Pengaruh Ukuran Perusahaan, Utang, Profitabilitas Terhadap Praktik Income Smoothing Sebelum dan Saat Pandemi Covid-19. Riset Dan Jurnal Akuntansi, 6(4), 4156–4166.
Marsella, S., & Vivi, A. T. (2016). Faktor – Faktor yang Memengaruhi Earning Response Coefficient (ERC) dengan Timeliness Sebagai Variabel Intervening. Jurnal Kwik Kian Gie, 1–17.
Oktavia, S. A., & Harti, B. Y. (2022). Analisis Pengaruh Prudence, Ukuran Perusahaan, Growth Opportunities dan Default Risk Terhadap Earnings Response Coefficient (ERC). Jurnal Ekonomi Trisakti, 2(2), 963–976.
Oware, K. ., & Mallikarjunappa, T. (2021). Corporate Social Responsibility and Debt Financing of Listed Firms: A Quantile Regression Approach. Journal of Financial Reporting and Accounting, 1985–2517.
Pangestu, N., R., & Rokhmania, N. (2021). Pengaruh Struktur Modal, Profitabilitas, Arus Kas Operasi, Ukuran Perusahaan Dan Ketepatan Waktu Terhadap Earnings Response Coefficient. Jurnal STIE PERBANAS SURABAYA, 1–22.
Peranasari, I. A. A. ., & Dharmadiaksa, I. B. (2014). Perilaku Income Smoothing dan Faktor-Faktor yang Memengaruhinya. E Journal Akuntansi UDAYANA, 8(1), 140–153.
Permatasari, I., Anik, M., & Amin, M. (2020). Pengaruh Voluntary Disclosure Timeliness Laporan Keuangan dan Praktik Perataan Laba Terhadap Earnings Response Coefficient. E-JRA, 9(2), 14–29.
Pinatih, N. M. A., & Astika, I. B. P. (2020). Praktik Perataan Laba dan FaktorFaktor yang Mempengaruhinya. E-Jurnal Akuntansi Universitas Udayana, 30(11), 2864–2877.
Puspitasari. (2019). Analysis the Effect of Growth Opportunity, Liquidity, Leverage, And Cash Flows Volatility to Hedging Decision. International Journal for Innovation Education and Research, 7(12), 307–312.
Rizky, A. ., & Etty, M. (2022). Effect of Corporate Performance, Voluntary Disclosure on Earnings Response Coefficient (ERC) Moderated Liquidity. International Journal of Advanced Research in Economics and Finance, 4(1), 99–111.
Sa’diyah, N. (2023). Dampak Profitabilitas, Leverage, Ukuran Perusahaan Dan Kesempatan Bertumbuh Terhadap Earning Response Coefficient. Jurnal Rekognisi Ekonomi Islam, 2(1), 37–51.
Saraswati, H. (2020). Dampak Pandemi Covid-19 Terhadap Pasar Saham Di Indonesia. Jurnal Riset Akuntansi & Keuangan Dewantara, 3(2), 153–163.
Scott, W. R. (2009). Financial Accounting Theory. Prentice Hall Inc. Ontario.
Septiano, R., Febri, N. A., & Laynita, S. (2022). Pengaruh leverage dan profitabilitas terhadap earning response coefficient. Jurnal Ilmu Multidisiplin, 1(1), 193–202.
Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374.
Stephani, E., & Widyasari. (2020). Pengaruh Capital Structure, Growth Opportunities dan Accounting Conservatism Terhadap Earnings Response Coefficient. Jurnal Multiparadigma Akuntansi Tarumanagara, 2, 1196–1202.
Sudarma, I. P., & Sari, M. M. R. (2020). Financial Distress, Growth Opportunities, and Dividend Policy on Firm Value Through Company Hedging Policies: Empirical Study on Property and Real Estate Companies Listed on Indonesian Stock Exchange. International Research Journal of Management, IT and Social Sciences, 8(1), 47–59.
Susanto, C., Helen, L., & Carmel, M. (2022). Meta Analisis: Determinan Earnings Response Coefficient Pada Beberapa Penelitian Skripsi di Indonesia. Jurnal Proaksi, 9(2), 127–143.
Suwardjono. (2014). Teori Akuntansi (Perekayasaan Pelaporan Keuangan) Edisi Ketiga (Edisi Keti). PBFE.
Syafarina, W. (2017). Faktor-Faktor Yang Mempengaruhi Koefisien Respon Laba Pada Perusahaan Manufaktur Yang Terdaftar Di Bei. Jurnal Akuntansi, 6(2), 194–210.
Tamara, A., & Suaryana, I. G. N. A. (2020). Pengaruh Growth Opportunity dan Leverage pada Earning Response Coefficient. E Journal Akuntansi UDAYANA, 30(6), 1414–1424.
Thi, H. N. D., & Thi, H. D. (2022). A Quality Financial Report: A Conceptual Analysis. International Journal of Research In Vocational Studies (IJRVOCAS), 2(1), 26–32.
Walianto, R. R., Inge, L. S. ., & Fatahurrazak. (2021). Pengaruh Konservatisme Laba dan Voluntary Disclosure Terhadap Earnings Response Coefficient Pada Perusahaan Industri Sektor Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Periode 2017-2019. Student Online Journal (SOJ) UMRAHEkonomi, 2(1), 240–252.
Widiatmoko, J., & MG. Kentris, I. (2018). The Determinans Of Earnings Response Coefficient: An Empirical Study For The Real Estate And Property Companies Listed On The Indonesia Stock Exchange. Accounting Analysis Journal, 7(2), 135–143.
Wulandari, K. T., & Wirajaya, I. G. A. (2014). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Earningss Response Coefficient pada Perusahaan High Profile. E-Jurnal Akuntansi Universitas Udayana, 6(3), 355–369.
Yimenu, K. A., & A.S, S. (2019). And, Earning Management: From Agency Signalling Theory Perspective in Ethiopia. Journal of Economics, Management and Trade, 24(6), 1–12.
Published
2024-09-11
How to Cite
PUTRI, Putu Friska Devi Lionita; WIRAJAYA, I Gde Ary.
Timeliness Publikasi Laporan Keuangan, Income Smoothing dan Growth Opportunities terhadap Earnings Response Coefficient.
E-Jurnal Akuntansi, [S.l.], v. 34, n. 8, sep. 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/102746>. Date accessed: 21 nov. 2024.
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