Manajemen Laba Akrual, Manajemen Laba Riil, dan Biaya Modal

Abstract

This research aims to analyze the impact of two kinds of earnings management which are accrual earnings management and real earnings management on company's cost of debt and cost of equity. Total observations for this research are 1.375 firms-years for the cost of debt model and 1.564 firms-years for the cost of equity model from year 2003-2011. This research used panel data regression with random effect regression model. The result of this research shows that accruals earnings management and real earnings management have no significant impact on company's cost of debt and cost of equity.

Keywords

• biaya utang
• biaya ekuitas
• manajemen laba akrual
• manajemen laba riil