Faktor Yang Mempengaruhi Earnings Response Coefficient Perusahaan Manufaktur Di Bursa Efek Indonesia

Abstract

The purpose of this research is to obtain empirical evidence about the impact of sales growth, leverage, growth opportunity, dividend policy, and profitability to Earnings Response Coefficient (ERC) on manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2017 - 2019. This study used 35 manufacture companies selected using purposive sampling method. The data used are secondary data in the form of financial statements. The statistical method used to test the hypothesis is the regression data panel analysis model. The result of this research are sales growth have positive and no significant effect, leverage have negative and no significant effect, growth opportunity have no significant effect, dividend policy have no significant effect, and profitability have positive and significant effect to Earnings Response Coefficient (ERC).