Pengaruh Manajemen Laba Akrual, Pengungkapan Lingkungan, Konsentrasi Kepemilikan, Ukuran Perusahaan, dan Leverage terhadap Risiko Idiosinkratik pada Perusahaan Sektor Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2019-2023

Abstract

This study aims to examine the influence of accrual earnings management, environmental disclosure, ownership concentration, firm size, and leverage on idiosyncratic risk in property and real estate companies listed on the Indonesian Stock Exchange for the 2019-2023 period. This research is an associative causal study with a quantitative approach. The population of the study includes all property and real estate companies listed on the Indonesian Stock Exchange during the 2019-2023 period, totaling 63 companies. The sampling technique used is purposive sampling, resulting in 42 companies observed over 5 years, yielding a total of 210 observations. This study's data consists of secondary data obtained from various sources such as www.idx.co.id, https://finance.yahoo.com, and official company websites. The analysis technique employed is panel data regression analysis using SPSS version 27. The results show that simultaneously, accrual earnings management, environmental disclosure, ownership concentration, firm size, and leverage affect idiosyncratic risk. Partial tests indicate that ownership concentration, firm size, and leverage have a negative effect on idiosyncratic risk. Accrual earnings management and environmental disclosure do not affect idiosyncratic risk.