PENGARUH KEBIJAKAN PERUSAHAAN TERHADAP KUALITAS LABA YANG DI MODERASI OLEH KEPEMILIKAN INSTITUSIONAL

Abstract

This research aimed to examine the effect of investment policy, dividend policy, debt policy on earnings quality with institutional ownership as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange during 2015-2019. This type of research is quantitative research. The population in this study were all manufacturing companies listed on the Indonesia Stock Exchange during 2015-2019. Furthermore, data collection using purposive sampling, in order to obtain a sample of 25 companies that meet the criteria. The data analysis technique used in this research is multiple regression analysis method using the Statistical Product and Service Solution (SPSS) program. The results of this study indicate that investment policy has a positive and significant effect on earnings quality, dividend policy has no effect on earnings quality, debt policy has no effect on earnings quality, institutional ownership has no effect on earnings quality. Institutional ownership moderates the effect of investment policy on earnings quality, institutional ownership cannot moderate the effect of dividend policy on earnings quality, institutional ownership cannot moderate the effect of debt policy on earnings quality.