PERAN PERSISTENSI LABA TERHADAP HUBUNGAN ANTARA KEAGRESIFAN LABA DAN BIAYA EKUITAS

  • Sunarto Sunarto

Abstract

This study investigated the role of earnings persistence as moderating variable in the associations
between earnings aggressiveness and cost of equity. The contribution of this study is to explain
and explore the previous research about the role of earnings persistence on the association
between earnings aggressiveness and cost of equity.This study uses sample of the firms which
payed dividend and listed in Indonesian Stock Exchange during the period 2004/2005 and
2005/2006. The hipothesis was tested using quasi moderating between earnings aggressiveness,
earnings persistence, interaction of earnings persistence and earnings aggressiveness on the cost
of equity. Method of analysis uses quasi moderator type based on interaction regressions. The
result of this study shows that NIBE based earnings persistence is robust as the moderating
variable on the association between earnings aggressiveness and dividend growth based cost of
equity. The result of this study indicate that NIBE based earnings persistence to weak on the
association between earnings aggressiveness and dividend growth based cost of equity.
Keywords: earnings persistence, earnings aggressiveness, and cost of equity.

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