Analisis Financial Leverage, ROE, Operating Cahs Flow, dan Audit Quality terhadap EPS
Keywords:
Audit Quality, EPS, Financial Leverage, Operating Cash Flow, ROEAbstract
This study aimed to analyze the effect of Financial Leverage, Return on Equity, Operating Cash Flow, and Audit Quality to Earnings per Share on Property and Real Estate sector companies listed on IDX during 2016 – 2020. This research used secondary data from companies’ financial report and annual report, also used quantitative approach as the research method. The technique used for the sampling was purposive sampling, and from 81 Property and Real Estate sector companies during 2016 – 2020, only 43 companies that meet the sample criterias. The analyze method for the data were descriptive statistic, estimation model, classical assumption, panel data regression, and hypothesis test. The result from this research stated that Financial Leverage has a negative significant effect towards Earnings Per Share, Return on Equity has a positive significant effect towards Earnings per Share, and both Operating Cash Flow and Audit Quality have no significant effect towards Earnings per Share.
References
Albrecht, W. S., Stice, E. K., & Stice, J. D. (2010). Financial Accounting (11th ed.). South-Western Cengage Learning.
Alexander, H. B. (2014). “Kebijakan LTV Salah Besar.” Diakses dari https://properti.kompas.com/read/2014/06/04/0836297/.Kebijakan.LTV.Salah.Besar pada tanggal 25 Oktober 2021.
Anggraini, A., & Handayani, N. (2020). ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI EARNING PER SHARE PADA PERUSAHAAN TRANSPORTASI. Jurnal Ilmu Dan Riset Akuntansi, 9(5), 1–19.
Damayanti, E., & Rodhiyah, R. (2018). ANALISIS PENGARUH STRUKTUR MODAL, DAN PROFITABILITAS TERHADAP EARNING PER SHARE (Studi Pada 14 Perusahaan Manufaktur Sektor Industri Food and Beverage di Indonesia yang Terdaftar dalam Bursa Efek Indonesia Periode 2014- 2016). Jurnal Ilmu Administrasi Bisnis, 7(3), 116–123.
De Angelo, L. E. (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3(3), 183–199.
Deddy, F. (2019). PENGARUH OPERATING LEVERAGE DAN FINANCIAL LEVERAGE TERHADAP EARNING PER SHARE. Diakses dari https://eprints.umm.ac.id/49654/ pada tanggal 1 November 2021.
Eisenhardt, K. M. (1989). Agency Theory : An Assessment and Review. 14(1), 57–74.
Fadli, A. A. Y., & Suraya, A. (2019). Pengaruh Leverage (DAR) Dan Profitabilitas (ROE) Terhadap Earning Per Share (EPS). Jurnal Ekuivalensi, 5(2), 74–88.
Fauzia, M. (2018, June 29). BI Longgarkan LTV, Pembeli Rumah Pertama Bisa Bebas Uang Muka. Diakses dari https://ekonomi.kompas.com/read/2018/06/29/180025226/bi-longgarkan-ltv-pembeli-rumah-pertama-bisa-bebas-uang-muka pada tanggal 25 Oktober 2021.
Fraser, L. M., & Ormiston, A. (2014). Understanding Financial Statements: Global Edition (11th ed.). Pearson Education Limited.
Frecka, T. J. (2014). Earnings Per Share. Wiley Encyclopedia of Management, 1, 1–4.
Hariyanti, D. (2016, September 1). Ini 4 Pokok Penyempurnaan Peraturan LTV Kredit Properti. Diakses dari https://finansial.bisnis.com/read/20160901/90/580456/ini-4-pokok-penyempurnaan-peraturan-ltv-kredit-properti pada tanggal 25 Oktober 2021.
Hidayat, K. (2019, November 27). BI longgarkan aturan LTV, uang muka kredit rumah makin enteng. Diakses dari https://keuangan.kontan.co.id/news/bi-longgarkan-aturan-ltv-uang-muka-kredit-rumah-makin-enteng pada tanggal 25 Oktober 2021.
Horne, J. Van, & Wachowicz, J. (2008). Fundamentals of Financial Management (13th ed.). Prentice Hall.
Indawati, K. (2019). Pengaruh Return on Equity, Debt to Equity Rasio, Size dan Cash Flow from Operation terhadap Earning Per Share pada Perusahaan Sektor Industri Barang Konsumsi di Bursa Efek Indonesia. MABIS: Jurnal Ilmiah Fakultas Ekonomi Dan Bisnis, 10(1), 1–35.
Janice, J., & Toni, N. (2020). The Effect of Net Profit Margin, Debt to Equity Ratio, and Return on Equity against Company Value in Food and Beverage Manufacturing Sub-sector Companies listed on the Indonesia Stock Exchange. Budapest International Research and Critics Institute-Journal (BIRCI-Journal), 3(1), 494–510.
Jensen, M. C., & Meckling, W. H. (1976). THEORY OF THE FIRM : MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE. Journal of Financial Economics, 3(4), 305–360.
Juwita, A., & Febriyanti, D. (2021). Pengaruh Tata Kelola Perusahaan dan Tanggung Jawab Sosial Perusahaan pada Kinerja Keuangan dengan Manajemen Laba sebagai Variabel Mediasi. Conference on Management, Business, Innovation, Education and Social Science, 1(1), 1094–1113.
Karnila, M. F. (2018). PENGARUH PROFITABILITAS, LEVERAGE, DAN FEE BASED INCOME TERHADAP EARNING PER SHARE PADA BANK UMUM SYARIAH DI INDONESIA. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi (JIMEKA), 3(2), 207–216.
Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2014). Intermediate Accounting: IFRS Edition (3rd ed.). John Wiley & Sons, Inc.
Malina, S., Arimbawa, I. G., & Wulandari, A. (2020). The Effect of Return On Assets and Return On Equity To Earning Per Share and Price Book Value In Sub-Sectors of Construction Companies Listed In Indonesia Stock Exchange In 2015-2018. Quantitative Economics and Management Studies (QEMS), 1(3), 204–218.
Nasution, H. V. D. (2017). PENGARUH CURRENT RATIO, DEBT TO EQUITY RATIO, NET PROFIT MARGIN, RETURN ON EQUITY, UKURAN PERUSAHAAN, DAN ARUS KAS OPERASI TERHADAP EARNING PER SHARE PERUSAHAAN PERTAMBANGAN TERBUKA DI BURSA EFEK INDONESIA. Diakses dari http://repositori.usu.ac.id/handle/123456789/1154 pada tanggal 3 November 2021.
Nugraha, N. M., Fitria, B. T., Puspitasari, D. M., & Damayanti, E. (2020). DOES EARNING PER SHARE (EPS) AFFECTED BY DEBT TO ASSET RATIO (DAR) AND DEBT TO EQUITY RATIO (DER)? PalArch’s Journal of Archaeology of Egypt/Egyptology, 17(10), 1199–1209.
Nugrahani, A., & Suwitho, S. (2016). Pengaruh Kinerja Keuangan Dan Ukuran Perusahaan Terhadap Earning Per Share. Jurnal Ilmu Dan Riset Manajemen, 5(1), 1–19.
Pohan, S. H. (2020). EFFECT OF FIRM SIZE AND DEBT TO ASSET RATIO ON EARNING PER SHARE WITH PROFITABILITY AS A MODERATING VARIABLES IN PROPERTY AND REAL ESTATE COMPANIES LISTEN ON THE IDX. Accounting and Business Journal, 2(1), 76–89.
Ross, S. A. (1977). The Determination of Financial Structure: The Incentive-Signalling Approach. The Bell Journal of Economics, 8(1), 23–40.
Sekaran, U., & Bougie, R. (2017). Metode Penelitian untuk Bisnis (Buku 2) (6th ed.).
Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374.
Stice, J. D., Stice, E. K., & Skousen, F. (2009). Intermediate Accounting (17th ed.). South-Western Cengage Learning.
Suryowati, E. (2016). Pertumbuhan Ekonomi 2015 Terendah dalam Enam Tahun Terakhir. Diakses dari https://money.kompas.com/read/2016/02/07/182803626/Pertumbuhan.Ekonomi.2015.Terendah.dalam.Enam.Tahun.Terakhir?page=all pada tanggal 25 Oktober 2021.
Vivilya, V. (2017). PENGARUH FINANCIAL LEVERAGE TERHADAP EARNING PER SHARE PADA PT BUMI SERPONG DAMAI, Tbk DAN ENTITAS ANAK. Fin-Acc (Finance Accounting), 1(12), 2227–2236.
Wardhani, R. S., Awaluddin, M., & Reniati. (2020). Financial Performance and Corporate Social Responsibility on Return of Shares. Jurnal Akuntansi, 23(3), 409.
Yanto, M. R. D., Dwi, A., & Bawono, B. (2021). Pengaruh Audit Report, Audit Firm, Current Ratio Dan Corporate Governance Terhadap Earning Per Share. Prosiding Seminar Stiami, 8(1), 79–83.
Yunia, D. (2018). PENGARUH KONSENTRASI KEPEMILIKAN, KOMISARIS INDEPENDEN, DAN KUALITAS AUDIT TERHADAP EARNING PER SHARE (EPS). Jurnal Riset Akuntansi Terpadu, 11(1), 1–11.
Published
How to Cite
Issue
Section
Copyright (c) 2021 Izza Meutia Ambaranny, Etty Gurendrawati, Petrolis Nusa Perdana
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
