Electronic Theses and Dissertation

Penelitian ini bertujuan untuk menguji pengaruh pengaruh likuiditas, struktur modal, perataan laba, dan investment opportunity set (IOS) terhadap kualitas laba pada perusahaan sektor real estate yang terdaftar di Bursa Efek Indonesia (BEI) periode 2021-2024. Kualitas laba diukur menggunakan cash flow from operation terhadap net income (CFO/NI), likuiditas diproksikan dengan current ratio (CR), perataan laba denga kustono index, dan investment opportunity set (IOS) menggunakan market to book value of assets (MBVA). Populasi penelitian ini terdiri dari 91 perusahaan sektor real estate yang terdaftar di Bursa Efek Indonesia (BEI). Dengan menggunakan teknik purposive sampling, diperoleh 53 perusahaan dengan total 212 observasi. Setelah dilakukan penghapusan data outlier, jumlah sampel menjadi 73 observasi. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder yang bersumber dari laporan keuangan tahunan perusahaan dan situs Bursa Efek Indonesia. Data dianalisis menggunakan regresi linear berganda dengan bantuan program SPSS. Hasil penelitian menunjukkan bahwa likuiditas dan perataan laba tidak berpengaruh terhadap kualitas laba. Struktur modal dan investment opportunity set (IOS) berpengaruh negatif terhadap kualitas laba. Secara simultan, likuiditas, struktur modal, perataan laba, dan investment opportunity set (IOS) berpengaruh terhadap kualitas laba.

Kata Kunci: Kualitas Laba, Likuiditas, Struktur Modal, Perataan Laba, dan
Investment Opportunity Set.

This study aims to examine the effect of liquidity, capital structure, income smoothing, and Investment Opportunity Set (IOS) on earnings quality in real estate sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021– 2024 period. Earnings quality is measured using the ratio of cash flow from operations to net income (CFO/NI), liquidity is proxied by the Current Ratio (CR), capital structure is measured by the Debt to Equity Ratio (DER), income smoothing is measured using the Kustono Index, and Investment Opportunity Set (IOS) is measured using the Market to Book Value of Assets (MBVA). The population of this study consisted of 91 real estate sector companies listed on the Indonesia Stock Exchange (IDX). Using a purposive sampling technique, 53 companies with a total of 212 observations were selected. After removing outlier data, the final sample consisted of 73 observations. This study employed a quantitative approach using secondary data obtained from the companies’ annual financial reports and the official website of the Indonesia Stock Exchange (www.idx.co.id)). The data were analyzed using multiple linear regression with the assistance of SPSS software. The results indicate that liquidity and income smoothing have no effect on earnings quality. Capital structure and Investment Opportunity Set (IOS) have a negative effect on earnings quality. Simultaneously, liquidity, capital structure, income smoothing, and Investment Opportunity Set (IOS) have a significant effect on earnings quality. Keywords: Earnings Quality, Liquidity, Capital Structure, Income Smoothing, and Investment Opportunity Set.