An analysis of factors that affect earnings quality on Islamic commercial banks: The case at Indonesia and Malaysia
DOI:
https://doi.org/10.26740/aluqud.v7n1.p110-125Keywords:
Leverage, Liquidity, Profitability, Company sizeAbstract
This research aims to determine the impact of leverage, liquidity, and profitability; examine company size as a moderating element; and compare earnings quality at Indonesian and Malaysian Islamic commercial banks. This study's subjects were Indonesian and Malaysian Islamic commercial banks, with a sample size of ten Indonesian Islamic commercial banks and fourteen Malaysian Islamic commercial banks from 2016-2020. The regression approach was employed in this investigation. According to the findings of this study, leverage does not affect earnings quality; liquidity hurts earnings quality; profitability does not affect earnings quality; company size is unable to moderate the relationship of leverage to earnings quality; company size is unable to moderate the relationship of liquidity to earnings quality; company size is unable to moderate the relationship between profitability and earnings quality; Leverage, liquidity and profitability simultaneously have no effect on earnings quality at Indonesian Islamic commercial banks, but simultaneously affect Malaysian Islamic commercial banks; and there is no difference in earnings quality at Indonesian and Malaysian Islamic commercial bank.
References
Adimulya, R., Hartoyo, & Imam Teguh Saptono. (2021). Analisis Kualitas Laba Perbankan Syariah di Indonesia. Al-Muzara’Ah, 9(1), 71–83. http://doi.org/10/29244/jam.9.1.71-83
Adur, M. D., Wiyani, W., & Ratri, A. M. (2019). Analisis Kinerja Keuangan Perusahaan Rokok. Jurnal Bisnis Dan Manajemen, 5(2), 204–212. https://doi.org/10.26905/jbm.v5i2.2664
Al Nimer, M., Warrad, L., & Al Omari, R. (2015). The Impact of Liquidity on Jordanian Banks Profitability through Return on Assets. European Journal of Business and Management Www.Iiste.Org ISSN, 7(7), 229–233. www.iiste.org
Alarussi, A. S., & Alhaderi, S. M. (2015). Factors Affecting Profitability in Malaysia. Journal of Economic Studies, 45(3), 442–458. https://doi.org/https://doi.org/10.1108/JES-05-2017-0124
Alipour, M., Barandagh, M. I., & Nazari, N. (2014). An Analysis of the Earnings Quality of Iranian Public and Private Firms. Strategic Change, 23, 63–80. https://doi.org/10.1002/jsc
Ananda, R., & Ningsih, E. S. (2016). Pengaruh Likuiditas, Kepemilikan Institusional, dan Ukuran Perusahaan terhadap Kualitas Laba (Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2014). Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi (JIMEKA), 1(2), 277–294.
Aqil, M., Ahmed, R. R., Veinhardt, J., & Streimikiene, D. (2019). Factors Influencing the Profitability of Heavy Vehicle Industry: A case of Pakistan. Montenegrin Journal of Economics, 15(1), 61–72. https://doi.org/10.14254/1800-5845/2019.15-1.5
Chabachib, M., Windriya, A., Robiyanto, R., & Hersugondo, H. (2019). A Comparative Study of Indonesian and Malaysian Islamic Banks. Banks and Bank Systems, 14(4), 55–68. https://doi.org/10.21511/bbs.14(4).2019.06
Chowhury, A. N. M. M. H., Siddiqua, A., & Mahmudul, A. S. M. (2017). Effect of Capital Adequacy, Earning Quality and Leverage on Islamic Banking Profitability : A Case of Bangladesh. International Journal of Science and Business, 1(1), 40–46
Dang, H. N., Nguyen, T. T. C., & Tran, D. M. (2020). The Impact of Earnings Quality on Firm Value: The Case of Vietnam. Journal of Asian Finance, Economics and Business, 7(3), 63–72. https://doi.org/10.13106/jafeb.2020.vol7.no3.63
Dechow, P., Ge, W., & Schrand, C. (2010). Understanding Earnings Quality: A Review of The Proxies, Their Determinants and Their Consequences. Journal of Accounting and Economics, 50(2–3), 344–401. https://doi.org/10.1016/j.jacceco.2010.09.001
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting Earnings Management. 70(2), 193–225.
Dira, P. K., & Astika, I. B. P. (2014). Pengaruh Struktur Modal, Likuiditas, Pertumbuhan Laba, dan Ukuran Perusahaan pada Kualitas Laba. E-Jurnal Akuntansi Universitas Udayana, 1(7), 64–78.
Frank J, F., & Pamela P, P. (2003). Financial Management & Analysis. In Gastronomía ecuatoriana y turismo local. (Second Edi, Vol. 1, Issue 69). Jhon Wiley & Sons, Inc.
Gharezi, D., & Zadeh, M. R. A. (2013). The Relationship between Earnings Quality and Risk of Liquidity in Tehran stock Exchange Davood. Interdisciplinary Journal Of Contemporary Research In Business, 5(3), 782–805.
Ghozali, I. (2018). Aplikasi Analisis Multivirate dengan Program IBM SPSS 25 (9th ed.). Semarang: Badan Penerbit Universitas Diponegoro.
Ghozali, M., Azmi, M. U., & Nugroho, W. (2019). Perkembangan Bank Syariah di Asia Tenggara: Sebuah kajian historis. Falah: Jurnal Ekonomi Syariah, 4(1), 44. https://doi.org/10.22219/jes.v4i1.8700
Ginting, S. (2017). Pengaruh Profitabilitas, Likuiditas dan Ukuran Perusahaan terhadap Kualitas Laba. Jurnal Wira Ekonomi Mikroskil, 7(2), 227–236.
Gitman, L. J., & Zutter, C. J. (2015). Principles of Managerial Finance Fourteenth Edition. England: Pearson Education Limited .
Hakim, M. Z., & Naelufar, Y. (2020). Analysis of Profit Growth, Profitability, Capital Structure, Liquidity and Company Size of Profit Quality. Jurnal Akademi Akuntansi, 3(1), 12. https://doi.org/10.22219/jaa.v3i1.10348
Hasanuddin, R., Darman, D., Taufan, M. Y., Salim, A., Muslim, M., Halim, A., & Kusuma, P. (2021). The Effect of Firm Size , Debt , Current Ratio , and Investment Opportunity Set on Earnings Quality : An Empirical Study in Indonesia. Journal of Asian Finance, Economics and Business, 8(6), 179–188. https://doi.org/10.13106/jafeb.2021.vol8.no6.0179
Heikal, M., Khaddafi, M., & Ummah, A. (2014). Influence Analysis of Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Debt To Equity Ratio (DER), and current ratio (CR), Against Corporate Profit Growth In Automotive In Indonesia Stock Exchange. International Journal of Academic Research in Business and Social Sciences, 4(12), 101–114. https://doi.org/10.6007/ijarbss/v4-i12/1331
Hendra, G. I. (2018). Earning Quality and Potential Bankruptcy of Islamic Banks: Indonesia Versus Malaysia. Share: Jurnal Ekonomi Dan Keuangan Islam, 7(2), 116–145. https://doi.org/10.22373/share.v7i2.3370
Herninta, T., & Ginting, R. S. B. (2020). Faktor-Faktor yang Mempengaruhi Kualitas Laba. Jurnal Manajemen Bisnis, 23(2), 155–167.
Hidayat, W. W. (2018). Analisa Laporan Keuangan. Ponorogo: Uwais Inspirasi Indonesia. https://doi.org/10.1016/j.nrleng.2011.09.004
IFSB. (2020). Islamic Financial Services Industry Stability Report 2020. Kuala Lumpur: Bank Negara Malaysia
Imad, P. A., Abughniem, M. S., Aljuboury, S. Z., & Abd, M. (2017). The Impact of Accounting Factors on Earning Quality : A Case Study of Commercial Banks in Iraq. Journal of Research in Business, Economics and Management, 9(3), 1698–1705.
Irawati, D. E. (2012). Pengaruh Struktur Modal, Pertumbuhan Laba, Ukuran Perusahaan dan Likuiditas terhadap Kualitas Laba. Accounting Analysis Journal 1(2), 1–6.
Jensen, C., & Meckling, H. (1976). Theory of the firm: Managerial Behaviour, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4): 305-360.
Kepramareni, P., Pradnyawati, S. O., & Swandewi, N. N. A. (2021). Kualitas Laba dan Faktor-Faktor yang Berpengaruh (Studi Kasus Pada Perusahaan Manufaktur Tahun 2017-2019). Jurnal Ekonomi, Bisnis dan Akuntansi, 20(2), 170–178. https://doi.org/10.22225/we.20.2.2021.170-178
Kimsen, K., Kismanah, I., & Masitoh, S. (2019). Profitability, Leverage, Size of Company Towards Tax Avoidance. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 4(1), 29–36. https://doi.org/10.34204/jiafe.v4i1.1075
Kurniawan, C., & Suryaningsih, R. (2017). Pengaruh Konservatisme Akuntansi, Debt to Total Assets Ratio, Likuiditas, Profitabilitas, dan Ukuran Perusahaan. Jurnal Ekonomi, Manajemen, Akuntansi, 21(2), 163–180.
Marpaung, E. I. (2019). Pengaruh Leverage, Likuiditas dan Ukuran Perusahaan sebagai Variabel Moderasi terhadap Kualitas Laba. Journal of Accounting, Finance, Taxation, and Auditing (JAFTA), 1(1), 1–14. https://doi.org/10.28932/jafta.v1i1.1524
Mishra, S. B., & Alok, S. (2022). Handbook of Research Methodology. New Delhi: Educreation Publishing
Nadirsyah, N., & Muharram, F. N. (2016). Struktur Modal, Good Corporate Governance dan Kualitas Laba. Jurnal Dinamika Akuntansi dan Bisnis, 2(2), 184–198. https://doi.org/10.24815/jdab.v2i2.4217
Pattiruhu, J. R., & Paais, M. (2020). Effect of Liquidity, Profitability, Leverage, and Firm Size on Dividend Policy. Journal of Asian Finance, Economics and Business, 7(10), 35–42. https://doi.org/10.13106/jafeb.2020.vol7.no10.035
Prayoga, R. A. I., & Kristianti, I. (2020). Apakah Dividen Merefleksikan Kualitas Laba? International Journal of Social Science and Business, 4(1), 74–80. https://doi.org/10.23887/ijssb.v4i1.24195
Purnamasari, E., & Fachrurrozie. (2020). The Effect of Profitability, Leverage, and Size on Environmental Disclosure with the Proportion of Independent Commissioners as Moderating. Accounting Analysis Journal, 9(2), 123–130. https://doi.org/10.15294/aaj.v9i2.36473
Qamar, M., Shahzad, A., & Masood, S. (2015). The Relationship Between Debt Financing and Reported Earnings Quality: An Empirical Analysis of Non-Financial Firms of Pakistan. Journal of Applied Environmental, 5(7), 13–19.
R. Cooper, D., & S. Schindler, P. (2014). Business Research Methods. Twelfth Edition. New York: McGraw-Hill
Ramadan, I. Z. (2015). Earnings Quality Determinants of the Jordanian Manufacturing Listed Companies. International Journal of Economics and Finance, 7(5), 140–146. https://doi.org/10.5539/ijef.v7n5p140
Risdawaty, I. M. E., & Subowo. (2015). Pengaruh Struktur Modal, Ukuran Perusahaan, Asimetri Informasi, dan Profitabilitas terhadap Kualitas Laba. Jurnal Dinamika Akuntansi, 7(2), 148–162.
Rohmaniyah, A., & Khanifah, K. (2018). Analisis Manajemen Laba pada Laporan Keuangan Perbankan Syariah. AKSES: Jurnal Ekonomi Dan Bisnis, 13(1), 9–15. https://doi.org/10.31942/akses.v13i1.3225
Roy, R., & Shijin, S. (2019). The Nexus of Anomalies-Stock Returns-Asset Pricing Models: The International Evidence. Borsa Istanbul Review, 19(1), 1–14. https://doi.org/10.1016/j.bir.2018.07.003
Sambelay, J., Rate, P. Van, & Baramuli, D. (2017). Analisis Pengaruh Profitabilitas terhadap Harga Saham pada Perusahaan yang Terdaftar di LQ45 periode 2012-2016. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 5(2), 753–761. https://doi.org/10.35794/emba.v5i2.15959
Schipper, K., & Vincent, L. (2003). Earnings Quality. Accounting Horizons, 17(1), 97-110. https://doi.org/10.2308/acch.2003.17.s-1.97
Sekaran, U. (2011). Research Methods for Business: A Skill-Building Approach. New York: John Wiley & Sons, Inc
Setiawan, B. R. (2017). Pengaruh Ukuran Perusahaan, Profitabilitas, Likuiditas dan Leverage terhadap Kualitas Laba. MENARA Ilmu, XI(77), 243–255.
Setiawan, I. G. A. N. A. P., & Mahardika, D. P. K. (2019). Analisis Pengaruh Market to Book Value, Firm Size dan Profitabilitas terhadap Pengambilan Keputusan Lindung Nilai (Studi Kasus pada Perusahaan Sub Sektor Otomotif dan Komponennya yang Terdaftar di Bursa Efek Indonesia Pada Tahun 2014–2017). Jurnal Ilmiah Akuntansi, 4(1), 124–140. https://doi.org/10.23887/jia.v4i1.17055
Shabrina, N. (2019). Analisis Rasio Profitabilitas dan Rasio Likuiditas untuk Menilai Kinerja Keuangan pada PT. Astra Internasional,Tbk. JIMF (Jurnal Ilmiah Manajemen Forkamma), 2(3), 62–75. https://doi.org/10.32493/frkm.v2i3.3398
Soly, N., & Wijaya, N. (2018). Faktor-Faktor yang Mempengaruhi Kualitas Laba pada Perusahaan Manufaktur. Jurnal Bisnis dan Akuntansi, 19(1), 47–55. https://doi.org/10.34208/jba.v19i1.64
Subramanyam, K., & Wild, J. (2009). Financial Statement Analysis Tenth Edition. New York: McGraw-Hill
Syahrum, & Salim. (2012). Metodologi Penelitian Kuantitatif. Bandung: Cipustaka Media.
Tangngisalu, J., Hasanuddin, R., Hala, Y., Nurlina, N., & Syahrul, S. (2020). Effect of CAR and NPL on ROA: Empirical Study in Indonesia Banks. Journal of Asian Finance, Economics and Business, 7(6), 9–18. https://doi.org/10.13106/JAFEB.2020.VOL7.NO6.009
Tran, S. H., & Nguyen, L. T. (2020). Financial Development, Business Cycle and Bank Risk in Southeast Asian Countries. Journal of Asian Finance, Economics and Business, 7(3), 127–135. https://doi.org/10.13106/jafeb.2020.vol7.no3.127
Ullah, B. (2020). Signaling Value of Quality Certification: Financing Under Asymmetric Information. Journal of Multinational Financial Management, 7(2), 55-69. https://doi.org/10.1016/j.mulfin.2020.100629
Wahlen, M, B. J., P, S., & Bradshaw, M. T. (2015). Financial Reporting, Financial Statement Analysis, and Valuation a Strategic Perspective (8th ed.). Boston: Cengage Learning.
Warianto, P., & Rusiti, C. (2014). Pengaruh Ukuran Perusahaan, Struktur Modal, Likuiditas dan Investment Opportunity Set (IOS) terhadap Kualitas Laba pada Perusahaan Manufaktur yang Terdaftar di BEI. Modus, 26(1), 19-32. https://doi.org/10.24002/modus.v26i1.575
Warrad, L. H. (2017). The Influence of Leverage and Profitability on Earnings Quality: Jordanian Case. International Journal of Academic Research in Business and Social Sciences, 7(10), 62–81. https://doi.org/10.6007/ijarbss/v7-i10/3359
Yildirim, İ. (2015). Financial Differences and Similarities of Islamic Banks: a Study on Qismut Countries. Pressacademia, 4(2), 232–232. https://doi.org/10.17261/pressacademia.2015116117
Zulman, M., & Abbas, D. S. (2017). Pengaruh Ukuran Perusahaan, Struktur Modal, Likuiditas, Investment Opportunity Set (IOS), dan Profitabilitas terhadap Kualitas Laba. Jurnal Akuntansi Dan Keuangan, 3(3), 26-51.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 The author(s)
This work is licensed under a Creative Commons Attribution 4.0 International License.
CC BY 4.0
Abstract views: 469
,
PDF Downloads: 357
