Abstract
This study aims to examine the effect of earnings opacity on the cost of equity with accrual quality as a moderating variable. This studyuses two measures for earnings opacity which are earnings aggressiveness and earnings smoothing. Number of sampleis 40 manufacturing companies that distribute dividend periods 2015-2017. The method of analysis using interaction moderation regression.The results of this study showed that accrual quality strengthen the relationship between earnings aggressiveness and cost of equity. Accrual quality also weaken the relationship between earnings smoothing and cost of equity. Earnings aggressiveness has positive and significant effect on cost of equity. Earnings smoothing has positive but not significant effect on cost of equity.
Highlights
This study aims to examine the effect of earnings opacity on the cost of equity with accrual quality as a moderating variable
The method of analysis using interaction moderation regression.The results of this study showed that accrual quality strengthen the relationship between earnings aggressiveness and cost of equity
Hasil penelitian akan lebih dapat digeneralisasi jika periode pengamatannya diperpanjang, sehingga lebih andal untuk memprediksi pengaruh earnings aggressiveness dan earnings smoothing terhadap biaya ekuitas dengan kualitas akrual sebagai moderasi
Summary
Vol 1, No 3, Seri E, Agustus 2019, Hal 1363-1375 http://jea.ppj.unp.ac.id/index.php/jea/issue/view/12. KUALITAS AKRUAL MEMODERASI EARNINGS OPACITY TERHADAP BIAYA EKUITAS (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2015-2017).
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