Pengaruh Investment Opportunity Set, Persistensi Laba, Struktur Modal Terhadap Kualitas Laba

Abstract

This study aims to measure the degree of impact of investment opportunities by using the price-to-earnings ratio, measuring persistence by calculating the difference between current period's earnings before tax (EBT) and previous period's profits and then dividing by company assets. Meanwhile, capital structure is measured by dividing the amount of capital by the total debt or debt-to-equity ratio (DER). This study used quantitative methods. Samples are obtained by applying purposive sampling methods, i.e. selecting samples according to various predetermined criteria. The sample for this study is 210 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period 2018-2020. The result of this study is that there is no effect between the investment opportunity set (IOS) and the quality of the profits obtained. Bottom line, investors don't always use the IOS value parameter when making investment decisions. The quality of a company's profits has a negative impact on the durability of profits. From these results it can be said that if a company has a good level of consistency, it will improve the quality of its profits. Capital structure has a negative impact on profit quality. This means that the higher the value of the company's assets, the lower the quality of the company's profits through debt financing.

Pengaruh Persistensi Laba, Konservatisme Akuntansi, Investment Opportunity Set dan Struktur Modal terhadap Kualitas Laba

“…Keadaan ini dapat menyebabkan rendahnya kualitas perusahaan. Pengambilan keputusan diperlukan oleh manajemen dalam peluang investasi untuk menghadapi konsekuensi tindakan manajerial yang semakin tidak dapat diamati dalam lingkungan yang tidak pasti (Santoso & Handoko, 2023). Keputusan investasi yang berupa kombinasi kepemilikan aset dan opsi pertumbuhan di masa depan disebut IOS (Myers, 1977).…”

“…Sedangkan rata-rata 0,3199 dengan standar deviasi 0,16556. bahwa semakin banyak peluang investasi maka akan semakin banyak pula perdagangan yang dilakukan, sehingga manajemen memiliki keinginan bahwa perusahaan dapat memperoleh laba yang tinggi agar dapat menarik investor. Dengan keinginan tersebut akan menimbulkan adanya konflik antara principal dan agent yang menyebabkan adanya pengelolaan laporan laba rugi yang bersifat oportunistik untuk memaksimalkan kepentingan pribadinya, sehingga menyebabkan kualitas laba menurun (Santoso & Handoko, 2023). Penelitian yang telah dilakukan oleh (Yunita & Suprasto, 2018) dan (Astuti & Sari, 2023) juga menyatakan bahwa investment opportunity set berpengaruh negatif terhadap kualitas laba.…”