Faktor-Faktor yang Mempengaruhi Earning Response Coefficient dengan Profitabilitas sebagai Variabel Moderasi pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2018-2020

Abstract

This research is constituted a background by investors who always see that profit is the most vital in making decision to invest. The fact, however, is that they will respond to all information from a company, not only information about profit but also information which influences stock price.

The objective of the research is to find out the effects of capital structure, firm size, profit persistence, and growth opportunities on earning response coefficient with profitability as a moderating variable in the mining companies listed on BEI (Indonesia Stock Exchange) in the period 2018-2020.

The population comprises 52 mining companies listed on BEL, and 37 of them are

taken as the sample by using purposive sampling tehnique so that there are 111

research observations. The data are processed by using E-views statistic software

program.

The result of the research shows that J) capital structure has negative and significant effects on carning response coefficient, 2) firm aze, profit persistence, and growth opportunities have positive and significant effects on earning response coefficient. 3) profitability is able to moderate the effects of capital structure, firm size, and growth opportunities on earning response coefficient, and 4) profitability cannot moderate the effects of capital persistence on earning response coefficient.