Pengaruh Good Corporate Governance, Tingkat Utang, dan Arus Kas Operasi terhadap Persistensi Laba pada Perusahaan Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia 2017-2021

Abstract

This study aims to examine and determine the effect of good corporate governance, debt levels and operating cash flow on the earnings persistence of companies in the consumer goods industry sector listed on the Indonesian stock exchange. This research is a type of quantitative research, which uses population data from 48 consumer goods industrial sector companies listed on the IDX for the 2017-2021 period. Sample selection was done by purposive sampling method, in order to obtain 13 samples with 65 units of analysis. The data used is secondary data originating from the company's financial statements which can be accessed through the Indonesia Stock Exchange website (www.idx.co.id). The variables related to this research are managerial ownership, composition of the board of commissioners, audit committee, debt level, and operating cash flow as independent variables. Earnings persistence as the dependent variable. Hypothesis testing is done by using multiple regression analysis method. The results show that partially the composition of the board of commissioners has a positive and significant effect on earnings persistence, in contrast to the debt level variable which has a negative and significant effect on earnings persistence, while managerial ownership, audit committee and operating cash flow variables have no effect on earnings persistence. However, the results of the study simultaneously show that managerial ownership, composition of the board of commissioners, audit committee, debt level, and operating cash flow have an effect on earnings persistence.