PENGARUH VOLATILITAS ARUS KAS, VOLATILITAS PENJUALAN, BESARAN AKRUAL, TINGKAT UTANG DAN SIKLUS OPERASI TERHADAP PERSISTENSI LABA

Abstract

This research aimed to analyze the influence of cash flow volatility, sales volatility, accrual amount, debt level, operating cycle to earnings persistence. At the company go public in Indonesia Stock Exchange. The research method used purposive sampling technique at the public company listed in Indonesia Stock Exchange (IDX) during 2012-2016 period which consist of 38 companies, with the amount of sample were 155 observations. The analysis method used is multiple linear regression analysis with SPSS (Statistical Product and Service Solution) tool. The results of multiple linear regression analysis stated that the variable of cash flow volatility, accrual value and debt level significantly influence earnings persistence. While for variable of operating sales volatility and operating cycle does not influenced persistence of profit. Multiple linear regression models in the research had R2 of 0.365 or 36,5%. The independent variable influenced the persistence of earnings of 36,5%; while the rest of 63,5% was explained by other variables out of the model.
Keywords: Cash fow volatility, sales volatility, debt rate, operation cycle, profit persistence.