Factors Influencing Investor Responses to Earnings Related Announcements in The Pandemic Era of Covid-19
DOI:
https://doi.org/10.38035/dijefa.v4i3.1985Keywords:
Earnings Response Coefficient (ERC); Growth Opportunities; Corporate Reputation; Firm SizeAbstract
This study aims to examine the Effect of Growth Opportunities on Earning Related Announcements. The effect of Debt Policy on ERC (Earnings Response Coefficient) and the effect of Company Size on ERC (Earnings Response Coefficient) is the role of the company's reputation as a moderator between the Effect of Growth Opportunities on Profit-Related Announcements. there is a role for the company's reputation as a moderator between the effect of debt policy on the ERC (Earnings Response Coefficient) and the role of the company's reputation as a moderator between the effect of company size on the ERC (Earnings Response Coefficient). by using multiple regression analysis. The researcher concludes that there is an influence of growth opportunities and corporate size on the earnings response coefficient. but the debt policy has no effect on the earnings response coefficient. then there is the role of corporate reputation as a moderator of the influence of growth opportunities and corporate size on earnings response coefficient but there is no role of corporate reputation as a moderation of the effect of debt policy on earnings response coefficient.
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Rusli, Y. M. (2019). Pengaruh dividen policy dan debt policy terhadap firm value yang dimoderasi oleh profitability. Journal of Business & Applied Management, 12(1).
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Sherlita, E., Ghassan, M., & Ramadhian, F. (2021). The Influence of Capital Structure , Growth Opportunities and Earnings Persistence on Earnings Response Coefficient. 12(8), 1021–1025.
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Al-Baidhani, A., Abdullah, A., Ariff, M., Cheng, F. F., & Karbhari, Y. (2017). Review of earnings response coefficient studies. Corporate Ownership and Control, 14(3), 299–308. https://doi.org/10.22495/cocv14i3c2art4
Angela, C., & Iskak, J. (2020). Pengaruh Profitabilitas, Leverage, Growth Opportunities, dan Firm Size terhadap Earning Response Coefficient. Jurnal Paradigma Akuntansi, 2(3), 1286–1295. https://journal.untar.ac.id/index.php/jpa/article/view/9556\
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
Cantyawati, P. L., & Dewi, A. K. R. S. (2021). Pengaruh Profitabilitas, Growth, Leverage, terhadap Earning Response Coefficient Studi pada Perusahaan Property & Real Estate yang Terdaftar di BEI Tahun 2017-2019. Jurnal Ilmiah Akuntansi Dan Humanika, 11(2), 179–186.
Choi, H., & Moon, D. (2016). Perceptions of corporate social responsibility in the capital market. Journal of Applied Business Research, 32(5), 1507–1518. https://doi.org/10.19030/jabr.v32i5.9777
Dewi, A., & Putra, I. (2017). Pengaruh Leverage dan Ukuran Perusahaan pada Earnings Response Coefficient. E-Jurnal Akuntansi Universitas Udayana, 19(1).
Dewi, S. P., & Puspaningsih, A. (2019). Determinants analysis of earnings response coefficient: Empirical study in Indonesia. Jurnal Akuntansi & Auditing Indonesia, 23(2), 90–98. https://doi.org/10.20885/jaai.vol23.iss2.art3
Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Badan Penerbit Universitas Diponegoro.
Hanifah, N., Hendra, K., & Nurlaela, S. (2020). Pengaruh Current Ratio, Debt To Equity Ratio, Total Asset Turnover Dan Kebijakan Manajerial Terhadap Pertumbuhan Laba. OIKOS Jurnal Kajian Pendidikan Ekonomi Dan Ilmu Ekonomi, IV(2009), 1–10. https://doi.org/10.23969/10.23969/oikos.v4i1.2164
Ismaila, S., Sari, P., & Haryono, S. (2021). Pengaruh adopsi ifrs, komite audit terhadap kualitas laba pada perusahaan manufaktur di bursa efek Indonesia. Akuntabel, 353–359.
Kasmir. (2018). Analisis Laporan Keuangan. PT Raja Grafindo Persada.
Lisdawati, L., Mulyadi, J. M. V., & Hermiyetti, H. (2016). Leverage, Beta, Growth Opportunities, Firm Size, dan Earnings Response Coefficient Perusahaan Otomotif dan Komponennya. Jurnal Riset Akuntansi & Perpajakan (JRAP), 3(01), 72–83. https://doi.org/10.35838/jrap.2016.003.01.6
Manuel, A., & Sutandi. (2018). Pengaruh Ukuran Perusahaan, Umur Perusahaan dan Profitabilitas terhadap Audit Delay (Studi Empiris pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang Terdaftar Di Bei Periode 2013-2017). Jurnal Ilmiah Akuntansi Dan Teknologi (AKUNTOTEKNOLOGI), 10(1), 1–13.
Mendoza, J. A. M., Yelpo, S. M. S., & Ramos, C. L. V. (2019). Non-linear Effects of Ownership Structure, Growth Opportunities and Leverage on Debt Maturity in Chilean Firms. Revista Mexicana de Economía y Finanzas Nueva Época, 14(1), 21–40.
Murni, S. ., & Sabijono, H. . (2018). Peran Kinerja Keuangan Dalam Menentuan Nilai Perusahaan. JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 5(2), 96–107. https://doi.org/10.35794/jmbi.v5i2.20806
Natalia, D., & Ratnadi, N. (2017). Pengaruh Konservatisme Akuntansi dan Leverage Pada Earnings Response Coefficient. E-Jurnal Akuntansi Universitas Udayana, 20(1).
Nataliantari, N. W., Suaryana, I. G. N. A., Ratnadi, N. M. D., & Astika, I. B. P. (2020). The Effect of the Component of Good Corporate Governance, Leverage, and Firm Size in the Earnings Response Coefficient. American Journal of Humanities and Social Sciences Research, 4(3), 3–128. www.ajhssr.com
Nguyen, C. D. T., Dang, H. T. T., Phan, N. H., & Nguyen, T. T. T. (2020). Factors Affecting Financial Leverage: The Case of Vietnam Firms. Journal of Asian Finance, Economics and Business, 7(11), 801–808. https://doi.org/10.13106/jafeb.2020.vol7.no11.801
Orca, O. O., & Setiawan, T. (2021). APAKAH RETURN BAGI INVESTOR SAHAM AKAN TERDAMPAK AKIBAT PENGUMUMAN PANDEMIK COVID 19 DI MARET 2020?. Digismantech (Jurnal Program Studi Bisnis Digital), 1(2).
Pande, I. M., & Putra, D. (2017). Pengaruh Leverage Dan Ukuran Perusahaan Pada Earnings Response Coefficient. E-Jurnal Akuntansi, 2017(1), 367–391.
Pangestu, J. C. (2021). PENGARUH CORPORATE FINANCIAL PERFORMANCE TERHADAP STOCK RETURN: ANALISA PADA PERUSAHAAN YANG TERDAFTAR DI INDONESIA STOCK EXCHANGE. Jurnal Penelitian Akuntansi (JPA), 2(2), 132-147.
Raza, W., College, G., & Wana, S. (2021). Mitigating effect of foreign ownership in the relationship between Default Risk and Earning Response Coefficient (ERC). 20(5), 7440–7450. https://doi.org/10.17051/ilkonline.2021.05.844
Rusli, Y. M., & Nainggolan, P. (2021). PERAN FINANCIAL PERFORMANCE SEBAGAI PEMEDIASI UNTUK PENGARUH ANTARA INDEPENDENT COMMISSIONERS DAN MANAGERIAL OWNERSHIP TERHADAP CORPORATE VALUE PADA BANKING CORPORATE YANG GO PUBLIC. Jurnal Penelitian Akuntansi (JPA), 2(2), 148-169.
Rusli, Y. M., Nainggolan, P., & Pangestu, J. C. (2020). Pengaruh independent board of commissioners, institutional ownership, and audit committee terhadap firm value. Journal of Business & Applied Management, 13(1), 049-066.
Rusli, Y. M. (2019). Pengaruh dividen policy dan debt policy terhadap firm value yang dimoderasi oleh profitability. Journal of Business & Applied Management, 12(1).
Setiawan, T., Adriana, F., & Sihombing, P.R. (2021). Karakteristik Perusahaan, Profitabilitas dan Corporate Social Responsibility Disclosure (CSRD). Journal of Business & Applied Management Vol.14 (No. 1): pp. 17 – 26. p-ISSN: 1979-9543 e-ISSN: 2621-2757
Setiawan, T., & Sundoro, H. S. (2019). How Is the Effect of Inflation to Interest Rate, Exchange Rate and Indonesia Composite Index?. Res. J. Financ. Account, 10(10), 70-76.
Sherlita, E., Ghassan, M., & Ramadhian, F. (2021). The Influence of Capital Structure , Growth Opportunities and Earnings Persistence on Earnings Response Coefficient. 12(8), 1021–1025.
Siratan, E. D., & Setiawan, T. (2021). Pengaruh Faktor Demografi dan Literasi Keuangan dengan Behavior Finance dalam Pengambilan Keputusan Investasi. Esensi: Jurnal Bisnis dan Manajemen, 11(2), 237-248.
Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.
Wahyuni, S. F., & Hafiz, M. S. (2018). Pengaruh CR, DER dan ROA terhadap DPR pada Perusahaan Manufaktur di BEI. Jesya (Jurnal Ekonomi & Ekonomi Syariah), 1(2), 25–42. https://doi.org/10.36778/jesya.v1i2.18 https://keuangan.kontan.co.id/
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2023-07-28
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