This study aims to analyze the mediating role of earnings management on the effect of specific factors on sukuk ratings. The sample of this research is all sukuk issuing companies listed on the Indonesia Stock Exchange (IDX) which are rated by PT. PEFINDO during 2010-2020. The data was analyzed using Partial Least Square-Structural Equation Modeling (PLS SEM). The results show that liquidity, leverage and activity ratio variables have no effect on earnings management, but firm size does affect earnings management. Furthermore, the findings suggest that leverage, activity ratio, company size, and earnings management all have an impact on the sukuk rating, whilst liquidity does not affect the sukuk rating. Furthermore, earnings management does not mediate the effect of liquidity, leverage, activity ratio and firm size on the sukuk rating. The results of this study can add insight for the company's management and investors. This study can be used as a reference for firm management in raising the sukuk rating and as a factor for investors in deciding whether or not to invest in sukuk.

Income Smoothing merupakan praktik yang dilakukan oleh manajer perusahaan guna untuk mengurangi fluktuasi laba yang dilaporkan dan dapat memberi efek menguntungkan bagi penilaian kinerja manajer. Banyak peneliti percaya bahwa investor lebih cenderung menanamkan sahamnya pada perusahaan yang labanya relatif stabil karena untuk meminimalisir risiko saham. Penelitian ini dilakukan untuk melihat apakah terdapat perbedaan antara return dan risiko saham pada perusahaan perata laba dan bukan perata laba. Sampel dalam penelitian ini sebanyak 23 perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2012-2016 yang diambil menggunakan metode purposive sampling. Teknik analisis data yang digunakan yaitu regresi linear berganda dan mengunakan model indeks Eckel untuk mengetahui mana perusahaan yang melakukan perataan laba dan tidak melakukan perataan laba. Hasil penelitian ini menunjukkan bahwa tidak terdapat perbedaan secara signifikan antara return dan risiko saham pada perusahaan perata laba dan perusahaan bukan perata laba pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia (BEI).

This research is a descriptive and associative study, using a quantitative approach, for data collection obtained from agencies or offices related to this research such as the BPS office. Data analysis can be done by multiple linear regression analysis, while for processing the data using software Eviews 8. The results of the study show that: (1) Rice plants have a positive and not significant effect on economic growth in Pasaman Regency. (2) Corn plants have a significant positive effect on economic growth in Pasaman Regency. (3) Peanut plants have a significant negative effect on economic growth in Pasaman Regency. (4) Cassava plants have a significant positive effect on economic growth in Pasaman Regency. (5) Sweet potato plants have a significant positive effect on economic growth in Pasaman Regency. This whole is explained from the results of a significant F test analysis.

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