Faktor-Faktor Yang Mempengaruhi Sensivitas Laba Pada Industri Barang Konsumsi Di Indonesia

FAKTOR–FAKTOR YANG MEMPENGARUHI SENSITIVITAS LABA PADA INDUSTRI BARANG KONSUMSI DI INDONESIA
Candra Romanda, S.E., M.Si
STIE Rahmaniyah Sekayu
E-mail: c_romanda_mubalink@yahoo.co.id
ABSTRACT
The purpose of this study was to analyze the influence of conservative financial statements, the company’s life cycle, earnings  growth, dividend payout ratio, default risk and size of the company’s earnings response coefficients in the Consumer Goods Industry in Indonesia. The populations are 32 consumption industrial enterprises which are listed in Indonesia Stock Exchange  2007 – 2010. Respondent are 20 companies which were chosen by using purposive sampling. To know whether simultaneously the independent variables affect to earnings response coefficient used the F test and individually the t test. The results shown by  the first model that conservatism did not affect the financial statements of earnings response coefficients. In addition, there were  no significant differences in market response to the tendency of financial reporting either a conservative or optimistic. The company’s life cycle has positive and significant impact on earnings response coefficients and earnings response coefficients are the differences between the categories of corporate life cycle. Earnings growth has positive and significant impact on earnings response coefficients. Dividend payout ratio has no effect on earnings response coefficients, Default risk has no effect on earnings  response coefficients, and company size has no effect on earnings response coefficients.
Keywords: earnings response coefficient, financial conservatism, corporate life cycle, income growth, gividend payout ratio, size of the company, default risk.