PENGARUH PENERBITAN DAN PENEBUSAN OBLIGASI TERHADAP KOEFISIEN RESPON LABA
Journal Title: Akuntansi Dewantara - Year 2018, Vol 2, Issue 2
Abstract
This study aims to analyze the effect of bond issue and bond redemption as a proxy of default risk to earnings response coefficient. Earning response coefficient is a measure of abnormal return in response to unexpected earning around earning announcement. Default risk is failure of firm in fulfill its financial obligations. This study uses 48 samples of bond issues and 37 samples of bond redemptions from companies that listed on the Indonesian Stock Exchange from 2013 - 2016 and issued or reedemed bonds in 2015 - 2016. Tests on the research hypothesis using Ordinary Least Square Regression. The results show that bond issues negatively affect earning response coefficient and bond redemptions have a positive effect on earning response coefficient. The results compatible with the hypothesis that bond issue will increase the default risk, and vice versa, bond redemption will reduce the default risk. Firms with high default risk have low earning response coefficient, whereas firms with low default risk have high earning response coefficient. Control variable in this research model is earning quality shows positive relationship with earning response coefficient.
Authors and Affiliations
Indarti Diah Palupi, Heni Cut Rihana, Miftahul Jannati Pratiwi
Keywords
Related Articles
- EP ID EP407297
- DOI 10.29230/ad.v2i2.2968
- Views 166
- Downloads 0
PENGARUH PEMAHAMAN PERATURAN PERPAJAKAN, KUALITAS PELAYANAN, KESADARAN WAJIB PAJAK DAN SANKSI PAJAK TERHADAP KEPATUHAN WAJIB PAJAK ORANG PRIBADI
This study aims to determine the effect of understanding tax laws, service quality, taxpayer awareness, and tax sanctions on taxpayer compliance of individuals at the District Rongkop, district Gunungkidul. This researc...
PENGARUH KETIDAKPASTIAN LINGKUNGAN DAN STRATEGI BISNIS TERHADAP SISTEM INFOMASI AKUNTANSI MANAJEMEN DENGAN TOTAL QUALITY MANAGEMENT SEBAGAI VARIABEL INTERVENING
This study aims to test the influence of uncertainty the environment and business strategy against the system information accounting management with a total quality management (TQM ) as variable no intervening. This rese...
PENGARUH PEMERIKSAAN PAJAK, PENAGIHAN PAJAK, DAN KEPATUHAN WAJIB PAJAK TERHADAP PENERIMAAN PAJAK STUDI KASUS PADA KPP PRATAMA RABA BIMA TAHUN 2012-2015
This research is aimed to determine the influence of tax examination, tax collection, and taxpayer pursuence in simultaneously as well as partially toward tax reciept. The population of research were taken from all of ta...
PENGARUH STRATEGI BISNIS DAN KARAKTERISTIK PERUSAHAAN TERHADAP PENGHINDARAN PAJAK
This study aimed to examine the effect of business strategy and corporate characteristics on tax avoidance. The theory used in this research is agency theory. The sample that used in this research are manufacturing compa...
METODE PREDIKSI FINANCIAL DISTRESS DI PEMERINTAH KABUPATEN / KOTA SE-JAWA TENGAH UNTUK MENGUKUR KESEJAHTERAAN UMMAT
This study aims to predict financial distress in local government by simply measuring from the financial side using an analysis of the independence of local governments in obtaining revenue, alignment spending by local g...