PENGARUH AKUNTANSI KONSERVATIF, RISIKO PERUSAHAAN, DAN STRUKTUR MODAL TERHADAP EARNINGS RESPONSE COEFFICIENT

Abstract

This research is meant to test the influence of conservative accounting, firm risk, and capital structure to the ERC. The samplesare 45 manufacturing companies which are listed in Indonesia Stock Exchange (IDX) during 2011-2014 periods and they have been selected by using purposive sampling. But, there are 35 outlier data of 180 observations data have been obtained, so that 145 observations data have been tested by this research. The research data has been retrieved from Index Capital Market Directory (ICMD), Indonesian Stock Exchange (www.idx.com) and (www.finance.yahoo.com). The analysis technique has been done by using multiple linear regressions analysis and the application of SPSS 20.0. The multicolinearity assumption test shows that there is no correlation among independent variables so multicolinearity does not emergeany serious problem. The heteroscedasticity assumption test shows that the variant of profitability distribution does not emerge any serious problems. The result of this research shows that multiple linear regressions show that: (1) Conservative accounting does not have any influence to the ERC; (2) Companyrisk has influence to the ERC and it has positive coefficient which shows the same direction; (3) Capital structure does not have any influence to the ERC.
Keywords: Conservative Accounting, Company Risk, Capital Structure, Earnings Response Coefficient