PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY, TIMELINESS, DEBT TO EQUITY TERHADAP EARNING RESPONSE COEFFICIENT (STUDY EMPIRIS PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2015-2017 )

Abstract

ABSTRACT

 

Earning Response Coefficient (ERC) is a form of measurement of information content Earning (profit) that has the benefit of assessing management performance, helping estimate the ability of earnings that are representative in the long term, forecasting profits and estimating risks in investment or credit. This study aims to examine and analyze the effect of disclosure of information on Corporate Social Responsibility (CSR), Timeliness, and Debt to Equity on Earning Response Coefficient (ERC). This type of research is quantitative Explanatory Research, using secondary data in the form of annual reports of 30 companies listed on the Indonesia Stock Exchange (BEI) in 2015-2017. The results showed that the descriptive results of CSR variables had a value of t count of 2.545 with a significance level of 0.006 <0.05, the Timeliness variable showed that the value of t count was 2.188 with a significance level of 0.049 <0.05, and the Debt to Equity variable showed that the value of t count is -0.45 with a significance level of 0.682> 0.05. Thus it can be concluded that Corporate Social Responsibility (CSR) and Timeliness have a significant effect on ERC. Whereas Debt to Equity has a significant negative effect on ERC. This is because the Debt to Equity information is not information that surprises the market in reacting because it is deemed unable to predict dividend returns that investors will get.

 

Keywords: Corporate Social Responsibility (CSR), Timeliness, Debt to Equity, and Earning Response Coefficient (ERC).