PENGARUH KUALITAS LABA AKUNTANSI TERHADAP EFISIENSI INVESTASI PERUSAHAAN DENGAN RISIKO LITIGASI SEBAGAI VARIABEL MODERATING (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2011-2012)
Abstract: This study examines
the moderating effect of litigation risk on the influence of earning quality on
investment efficiency. Litigation risk mitigates agency problems and promote
greater earning quality. Higher litigation risk would strengthen the influence
of earning quality on investment efficiency. Manager avoid litigation because
it raises costs. That’s why income statement will be approached with the actual
state of the company so that it can be used as a proper basis for making
investment decisions. The result indicates litigation risk had significant
negative to the influence of earning quality on Investment efficiency. This
negative effect states that the higher litigation risk would reduce accrual
quality on investment efficiency. In other words, earning quality will further
improve corporate investment efficiency. Litigation risk has a role to
influence managers to disclose earning.
Penulis: Risha Aristiani N,
Agus Purwanto
Kode Jurnal: jpakuntansidd150795
