Analisis Pengaruh Kualitas Laba Akuntansi Terhadap Sensitivitas Aliran Kas Investasi
AMELIANA, MEIRISA (Adv.: Sumiyana, Dr., M.Si.), Sumiyana, Dr., M.Si.
Penelitian ini bertujuan untuk memberikan bukti empiris mengenai pengaruh negatif kualitas akuntansi yang diukur dengan total current accrual terhadap sensitivitas aliran kas investasi pada sampel perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Disamping itu, penelitian ini juga menguji pengaruh variabel moderasi ukuran KAP big4 dan dividend payout ratio terhadap hubungan antara kualitas akuntansi dan sensitivitas aliran kas investasi.
Sampel penelitian ini adalah 37 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia selama tahun 2008-2009, sehingga jumlah sampel penelitian menjadi 74 sampel. Metode pemilihan sampel menggunakan purposive sampling. Kriteria populasi perusahaan dalam penelitian ini adalah: (1) memiliki data lengkap yang dibutuhkan dalam penelitian (2) menerbitkan laporan keuangan 31 Desember 2008 dan 31 Desember 2009.
Hasil penelitian membuktikan bahwa terdapat hubungan negatif antara kualitas akuntansi dan sensitivitas aliran kas investasi. Selain itu ukuran KAP big4 mampu memoderasi hubungan antara kualitas akuntansi dan sensitivitas aliran kas investasi pada penelitian model 2 yang menambahkan elemen perubahan pendapatan dan PPE dalam perhitungan kualitas akrual.
The purpose of this research is to give empirical evidence about the negative relation between accounting quality as measured by total current accrual and sensitivity cash flow investment on a sample of manufacture companies in Indonesia Stock Exchange. This research also aims to examine the effect of audit firm size and dividend payout ratio as moderate variable on the relation between accounting quality and sensitivity cash flow investment.
The sample used in this research is 37 manufacturing firms listed in Indonesia Stock Exchange along 2008-2009, which makes the sample 74. The method of sample selection using purposive sampling method. The criteria from the population of this research is: (1) have complete data required in this research (2) issued financial statement on December 31, 2008 and December 31, 2009.
The research proves that there is a negative relation between accounting quality and sensitivity cash flow investment. Moreover, audit firm size is able to moderate the relation between accounting quality and sensitivity cash flow investment on research model 2 which added an element of change in revenue and PPE on accounting quality calcuation.
Kata Kunci : : kualitas akuntansi, akrual, investasi modal, ukuran KAP, accounting quality, accrual, capital investments, audit firm size, dividend payout ratio
