PENGARUH KEBIJAKAN UTANG DAN KEBIJAKAN INVESTASI TERHADAP KUALITAS LABA MELALUI GCG

Abstract

This research aimed to examine the effect of debt policy, which was measured by Debt Equity Ratio (DER), and investment policy which was measured by Investment Opportunity Set; with the proxy of MVBVE on profit quality which was measured by Earning Quality (EQ) through Good Corporate Governance (GCG). The research was quantitative. The population was Food and Beverage companies listed on IDX from 2017-up to 2020. Moreover, the data collection technique used purposive sampling, with 15 samples and 60 observations. The research result concluded that debt policy (DER) did not affect profit quality (EQ). Meanwhile, investment policy (MVBVE), as well as Good Corporate Governance (GCG), had a negative effect on profit quality (EQ). In contrast, debt policy (DER) did not affect GCG. While MBVE had a negative and significant effect on GCG. Furthermore, the two models showed that Good Corporate Governance (GCG) could not mediate the effect of debt policy (DER) on profit quality (EQ). On the other hand, GCG could mediate the effect of MVBVE on EQ.