Pengaruh Profitabilitas, Leverage, Likuiditas, dan Manajemen Laba terhadap Idiosyncratic Risk di Perusahaan Sektor Manufaktur yang Terdaftar di Bei Tahun 2020-2023

Abstract

This study aims to analyze and prove the effect of profitability, leverage, liquidity and earnings management on idiosyncratic risk in manufacturing companies listed on the IDX in 2020-2023. This type of research is causal research, which uses population data from manufacturing companies listed on the IDX in 2020-2023. The sampling method used in this study was purposive sampling method and obtained 72 companies that passed the criteria with 288 observations. The results showed that profitability and liquidity have a significant negative effect on idiosyncratic risk. While leverage and earnings management have no effect on idiosyncratic risk at the 5% significance level. Simultaneously profitability, leverage, liquidity and earnings management on idiosyncratic risk.