THE INFLUENCE OF LIQUIDITY (CR), PROFITABILITY (ROA), CAPITAL STRUCTURE (DAR), AND INTELLECTUAL CAPITAL (VAIC) TOWARD EARNINGS QUALITY ON INDUSTRIAL SECTOR COMPANIES THAT LISTED ON INDONESIA STOCK EXCHANGE FROM 2018-2022
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Abstract
This research aims to determine the influence of Liquidity, Profitability, Capital Structure and Intellectual Capital on the Quality of Profits in Industrial Sector Companies listed on the Indonesia Stock Exchange for the 2018-2022 period. This research uses secondary data. The sampling technique used in this research was purposive sampling and the number of samples obtained was 28 companies. The research method used is a multiple regression analysis technique using the SmartPLS4.0 software. The results of this research show that only the Capital Structure variable has a significant influence on Earnings Quality. Meanwhile, for the remainder, Liquidity, Profitability and Intellectual Capital do not have a significant influence on Earnings Quality.
Keywords: Quality of Earnings; Liquidity; Profitability; Capital Structure; Intellectual Capital
ABSTRAK
Penelitian ini bertujuan untuk mengetahui pengaruh Likuiditas, Profitabilitas, Struktur Modal, dan Modal Intelektual terhadap Kualitas Laba pada Perusahaan Sektor Perindustrian yang terdaftar di Bursa Efek Indonesia periode 2018-2022. Penelitian ini menggunakan data sekunder. Teknik pengambilan sampel yang digunakan pada penelitian ini adalah purposive sampling dan jumlah sampel yang diperoleh sebanyak 28 perusahaan. Metode penelitian yang digunakan adalah teknik analisis regresi berganda dengan menggunakan bantuan software SmartPLS 4.0. Hasil dari penelitian ini menunjukkan bahwa hanya variabel Struktur Modal yang memiliki pengaruh signifikan terhadap Kualitas Laba. Sedangkan sisanya, Likuiditas, Profitabilitas, dan Modal Intelektual tidak memiliki pengaruh yang signifikan terhadap Kualitas Laba.
Kata Kunci : Earnings Quality; Liquidity; Profitability; Capital Structure; Intellectual Capital
References
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Anggraini, N., Sebrina, N., & Afriyenti, M. (2019). The Influence of Intellectual Capital on Earnings Quality: Journal of Accounting Exploration, 1 (1), 369–387. https://doi.org/10.24036/jea.v1i1.80
Anggrainy, L. (2019). The Influence of Capital Structure, Profit Growth, Audit Quality, and Company Size on Profit Quality. Journal of Accounting Science and Research, 8 (6), 1–20.
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Ginting, S. (2017). The Influence of Profitability, Liquidity and Company Size on the Quality of Profits in Manufacturing Companies Listed on the Indonesian Stock Exchange. Journal of Microskill Economics, 7 (2), 227–236. https://doi.org/10.55601/jwem.v7i2.522
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Hasanuddin, R., Darman, D., Taufan, MY, Salim, A., Muslim, M., & Putra, AHPK (2021). The Effect of Firm Size, Debt, Current Ratio, and Investment Opportunity Set on Earnings Quality: An Empirical Study in Indonesia. Journal of Asian Finance, Economics and Business, 8 (6), 179–188. https://doi.org/10.13106/jafeb.2021.vol8.no6.0179
Indra, F., & Trisnawati, E. (2020). The Influence of Intellectual Capital on Earnings Quality with Earnings Management as a Mediator. Journal of Accounting Paradigms, 2 (4), 1753. https://doi.org/10.24912/jpa.v2i4.9371
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Julianingsih, DKED, & Yuniarta, GA (2020). The Influence of Intellectual Capital and Accounting Conservatism on Earnings Quality. JIMAT (Scientific Journal of Accounting Students) Undiksha, 11 (2), 159–168.
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Kepramareni, P., Pradnyawati, SO, & Swandewi, NNA (2021). Profit Quality and Influencing Factors (Case Study of Manufacturing Companies in 2017-2019). ECONOMIC DISCOURSE (Journal of Economics, Business and Accounting), 20 (2), 170–178. https://doi.org/10.22225/we.20.2.2021.170-178
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Magdalena, V., & Trisnawati, E. (2022). The Influence of Profitability, Liquidity, Accounting Conservatism, and Intellectual Capital on Earnings Quality. Journal of Economics, 27 (03), 402–419. https://doi.org/10.24912/je.v27i03.888
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Riska Ananda, & Ningsih, ES (2016). The Influence of Liquidity, Institutional Ownership, and Company Size on Earnings Quality. Scientific Journal of Accounting Economics Students (JIMEKA), 1 (2), 277–294.
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Safitri, R., & Afriyenti, M. (2020). The Influence of Company Size, Liquidity, and Accounting Conservatism on Earnings Quality. Journal of Exploratory Accounting, 2 (4), 3793–3807. https://doi.org/10.24036/jea.v2i4.319
Saputra, I., & Mulyani, S. (2016). The Influence of Intellectual Capital on (ERC) Earning Response Coefficient in Banking Companies Listed on the Indonesia Stock Exchange (BEI). Journal of Economics and Business, 9 (2), 18–34. https://stienas-ypb.ac.id/jurnal/index.php/jdeb/article/view/68/51
Sejati, FR, Sutisman, E., Pertiwi, D., Ponto, S., & Syamsuddin, NH (2021). The Impact of Leverage, Profitability, Liquidity and Company Size on Earnings Quality. PUBLIC POLICY (Journal of Public Policy & Business Applications), 2 (2), 304–314. https://doi.org/10.51135/publicpolicy.v2.i2.p304-314
Silfi, A. (2016). The Influence of Profit Growth, Capital Structure, Liquidity and Audit Committee on Earnings Quality. Journal of Exchange, 2 (1), 17–26.
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Sukmawati, S., Kusmuriyanto, & Agustina, L. (2014). The Influence of Capital Structure, Company Size, Liquidity and Return on Assets on Earnings Quality. Accounting Analysis Journal, 3 (1), 26–33.
Telaumbanua, SWK, & Purwaningsih, E. (2022). The Influence of Leverage, Profitability, Liquidity and Company Size on Earnings Quality. JIIP - Scientific Journal of Educational Sciences, 5 (9), 3595–3601. https://doi.org/10.54371/jiip.v5i9.868
Tuwentina, P., & Wirama, D. (2014). The Influence of Accounting Conservatism and Good Corporate Governance on Earnings Quality. Udayana University Accounting E-Journal , 8 (2), 185–201.
Ulum, I. (2022). Intellectual Capital: Measurement Model, Disclosure Framework and Organizational Performance (Septian (ed.); 6th ed.). UMM Press.
Valeria, S., & Halim, KI (2022). The Influence of Accounting Conservatism, Return On Assets, Sales Growth, and Firm Size on Earnings Quality. Journal, 1, 78–89.
Wellyana, FT, & Sulistiawan, D. (2021). The Influence of Intellectual Capital on the Quality of Earnings in Bei Issuers. Journal of Accounting, 15 (2), 44–53. https://doi.org/10.37058/jak.v15i2.1641
Wulandari, B., Situmorang, AJ, Sinaga, DV, & Laia, E. (2021). The Influence of Capital Structure, Investment Opportunity Set, Company Size, Return on Assets and Liquidity on the Quality of Profits in Service Companies Listed on the Indonesian Stock Exchange. Owner, 5 (2), 595–606. https://doi.org/10.33395/owner.v5i2.407
Zia, C., & Malik, A. (2022). The Influence of Profit Persistence, Capital Structure, Company Size, Systematic Risk and Tax Allocation Between Periods on Profit Quality. Journal of Management Accounting (JAKMEN), 1 (1), 63–77. https://doi.org/10.30656/jakmen.v1i1.4454
Anggraini, N., Sebrina, N., & Afriyenti, M. (2019). The Influence of Intellectual Capital on Earnings Quality: Journal of Accounting Exploration, 1 (1), 369–387. https://doi.org/10.24036/jea.v1i1.80
Anggrainy, L. (2019). The Influence of Capital Structure, Profit Growth, Audit Quality, and Company Size on Profit Quality. Journal of Accounting Science and Research, 8 (6), 1–20.
Anjelica, K., & Prasetyawan, AF (2014). The Influence of Profitability, Company Age, Company Size, Audit Quality, and Capital Structure on Earnings Quality. ULTIMA Accounting Journal, 6 (1), 27–42. https://doi.org/10.31937/akuntansi.v6i1.145
Dian, F., Rumsarwir, S., Allolayuk, PK, & Andriati, HN (2021). Analysis of Factors Affecting Earnings Quality. 16 (November), 21–34.
Ghozali, I. (2021). Multivariate Analysis Applications with the IBM SPSS Version 26 Program (10th ed.). Diponegoro University Publishing Agency.
Ginting, S. (2017). The Influence of Profitability, Liquidity and Company Size on the Quality of Profits in Manufacturing Companies Listed on the Indonesian Stock Exchange. Journal of Microskill Economics, 7 (2), 227–236. https://doi.org/10.55601/jwem.v7i2.522
Hanifah, S., Abbas, DS, & Hakim, MZ (2021). Financial Factors and Earnings Quality. 674–686. https://doi.org/10.32528/psneb.v0i0.5222
Hasanuddin, R., Darman, D., Taufan, MY, Salim, A., Muslim, M., & Putra, AHPK (2021). The Effect of Firm Size, Debt, Current Ratio, and Investment Opportunity Set on Earnings Quality: An Empirical Study in Indonesia. Journal of Asian Finance, Economics and Business, 8 (6), 179–188. https://doi.org/10.13106/jafeb.2021.vol8.no6.0179
Indra, F., & Trisnawati, E. (2020). The Influence of Intellectual Capital on Earnings Quality with Earnings Management as a Mediator. Journal of Accounting Paradigms, 2 (4), 1753. https://doi.org/10.24912/jpa.v2i4.9371
Jensen, M., & Meckling, W. (1976). Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure. The Economic Nature of the Firm: A Reader, Third Edition , 283–303. https://doi.org/10.1017/CBO9780511817410.023
Julianingsih, DKED, & Yuniarta, GA (2020). The Influence of Intellectual Capital and Accounting Conservatism on Earnings Quality. JIMAT (Scientific Journal of Accounting Students) Undiksha, 11 (2), 159–168.
Cashmere. (2019). Financial Statement Analysis (12th ed.). Raja Grafindo Persada.
Kepramareni, P., Pradnyawati, SO, & Swandewi, NNA (2021). Profit Quality and Influencing Factors (Case Study of Manufacturing Companies in 2017-2019). ECONOMIC DISCOURSE (Journal of Economics, Business and Accounting), 20 (2), 170–178. https://doi.org/10.22225/we.20.2.2021.170-178
Kopa, M. (2021). The Influence of Capital Structure, Company Size, and Profitability on Company Value. Edunomics Scientific Journal, 5 (1), 1–15. https://doi.org/10.29040/jie.v5i1.1971
Kurniawan, C., & Suryaningsih, R. (2019). The Influence of Accounting Conservatism, Debt To Total Assets Ratio, Liquidity, Profitability, and Company Size on Earnings Quality. Equity, 21 (2), 163–180. https://doi.org/10.34209/equ.v21i2.642
Luas, COA, Kawulur, AF, & Tanor, LA . (2021). The Influence of Liquidity, Capital Structure, Profit Growth and Profitability on the Quality of Profits of Manufacturing Companies in the Consumer Goods Industry Sector Listed on the Indonesia Stock Exchange (BEI) for the 2017-2019 Period. Manado Accounting Journal (JAIM) , 2 (2), 155–167. https://doi.org/10.53682/jaim.v2i2.1459
Magdalena, V., & Trisnawati, E. (2022). The Influence of Profitability, Liquidity, Accounting Conservatism, and Intellectual Capital on Earnings Quality. Journal of Economics, 27 (03), 402–419. https://doi.org/10.24912/je.v27i03.888
Mauliddiyah, R. (2020). The Influence of Profitability, Liquidity, Company Size, and Capital Structure on Earnings Quality. Student Economic Journal (JEKMa), 1 (4), 1–3.
Riska Ananda, & Ningsih, ES (2016). The Influence of Liquidity, Institutional Ownership, and Company Size on Earnings Quality. Scientific Journal of Accounting Economics Students (JIMEKA), 1 (2), 277–294.
Sadiah, H. and Priyadi, MP (2015). The Influence of Leverage, Liquidity, Size, Profit Growth and IOS on Earnings Quality. Journal of Accounting Science & Research, 4 (5), 1–21. www.idx.co.id
Safitri, R., & Afriyenti, M. (2020). The Influence of Company Size, Liquidity, and Accounting Conservatism on Earnings Quality. Journal of Exploratory Accounting, 2 (4), 3793–3807. https://doi.org/10.24036/jea.v2i4.319
Saputra, I., & Mulyani, S. (2016). The Influence of Intellectual Capital on (ERC) Earning Response Coefficient in Banking Companies Listed on the Indonesia Stock Exchange (BEI). Journal of Economics and Business, 9 (2), 18–34. https://stienas-ypb.ac.id/jurnal/index.php/jdeb/article/view/68/51
Sejati, FR, Sutisman, E., Pertiwi, D., Ponto, S., & Syamsuddin, NH (2021). The Impact of Leverage, Profitability, Liquidity and Company Size on Earnings Quality. PUBLIC POLICY (Journal of Public Policy & Business Applications), 2 (2), 304–314. https://doi.org/10.51135/publicpolicy.v2.i2.p304-314
Silfi, A. (2016). The Influence of Profit Growth, Capital Structure, Liquidity and Audit Committee on Earnings Quality. Journal of Exchange, 2 (1), 17–26.
Sudarno, Renaldo, N., Hutahuruk, M., Junaedi, AT, & Suyono. (2022). Financial Research Theory (Andi (ed.); 1st ed.). Eternal Archipelago Literacy.
Sukmawati, S., Kusmuriyanto, & Agustina, L. (2014). The Influence of Capital Structure, Company Size, Liquidity and Return on Assets on Earnings Quality. Accounting Analysis Journal, 3 (1), 26–33.
Telaumbanua, SWK, & Purwaningsih, E. (2022). The Influence of Leverage, Profitability, Liquidity and Company Size on Earnings Quality. JIIP - Scientific Journal of Educational Sciences, 5 (9), 3595–3601. https://doi.org/10.54371/jiip.v5i9.868
Tuwentina, P., & Wirama, D. (2014). The Influence of Accounting Conservatism and Good Corporate Governance on Earnings Quality. Udayana University Accounting E-Journal , 8 (2), 185–201.
Ulum, I. (2022). Intellectual Capital: Measurement Model, Disclosure Framework and Organizational Performance (Septian (ed.); 6th ed.). UMM Press.
Valeria, S., & Halim, KI (2022). The Influence of Accounting Conservatism, Return On Assets, Sales Growth, and Firm Size on Earnings Quality. Journal, 1, 78–89.
Wellyana, FT, & Sulistiawan, D. (2021). The Influence of Intellectual Capital on the Quality of Earnings in Bei Issuers. Journal of Accounting, 15 (2), 44–53. https://doi.org/10.37058/jak.v15i2.1641
Wulandari, B., Situmorang, AJ, Sinaga, DV, & Laia, E. (2021). The Influence of Capital Structure, Investment Opportunity Set, Company Size, Return on Assets and Liquidity on the Quality of Profits in Service Companies Listed on the Indonesian Stock Exchange. Owner, 5 (2), 595–606. https://doi.org/10.33395/owner.v5i2.407
Zia, C., & Malik, A. (2022). The Influence of Profit Persistence, Capital Structure, Company Size, Systematic Risk and Tax Allocation Between Periods on Profit Quality. Journal of Management Accounting (JAKMEN), 1 (1), 63–77. https://doi.org/10.30656/jakmen.v1i1.4454
Published
2024-09-30
How to Cite
HADI, Syukri et al.
THE INFLUENCE OF LIQUIDITY (CR), PROFITABILITY (ROA), CAPITAL STRUCTURE (DAR), AND INTELLECTUAL CAPITAL (VAIC) TOWARD EARNINGS QUALITY ON INDUSTRIAL SECTOR COMPANIES THAT LISTED ON INDONESIA STOCK EXCHANGE FROM 2018-2022.
Bilancia : Jurnal Ilmiah Akuntansi, [S.l.], v. 8, n. 3, p. 254-265, sep. 2024.
ISSN 2685-5607.
Available at: <https://ejournal.pelitaindonesia.ac.id/ojs32/index.php/BILANCIA/article/view/4481>. Date accessed: 05 oct. 2024.
doi: https://doi.org/10.35145/bilancia.v8i3.4481.
Section
Articles
