FAKTOR-FAKTOR YANG MEMPENGARUHI EARNINGS MANAGEMENT DISEPUTAR RIGHT ISSUE DENGAN KUALITAS AUDIT SEBAGAI VARIABEL MODERASI

(Studi Empiris pada Perusahaan yang Terdaftar di BEI)

Abstract

This study aims to analyze the factors that influence earnings management around the right issue,
namely (1) information asymmetry, (2) capital structure and (3) financial performance. The objects in this study
are companies listed on the Indonesia Stock Exchange in 2016-2018. The population of this research is 666
companies. The sample selection technique used is Purposive Sampling so as to obtain a sample of 37
companies that commit rights issues between 2016-2018. This study uses a quantitative approach. Data were
analyzed by using SPSS version 22. The results of this study indicate that: (1) Information asymmetry has no
effect on earnings management around the rights issue. (2) Capital structure has a negative effect on earnings
management around the right issue. (3) Financial performance has a positive effect on earnings management
around the right issue. (4) Audit quality is able to moderate the information asymmetry relationship to earnings
management around the rights issue. (5) Audit quality is able to moderate the relationship of capital structure to
earnings management around the right issue. (6) Audit quality is able to moderate the relationship between
financial performance and earnings management around the right issue.