Pengaruh Leverage dan Operating Cash Flow terhadap Earnings Persistence dengan Firm Size sebagai Variabel Moderasi

Erica Erica; Viriany Viriany

doi:10.61132/menawan.v4i6.2788

Authors

Erica Erica Universitas Tarumanagara Jakarta
Viriany Viriany Universitas Tarumanagara Jakarta

DOI:

https://doi.org/10.61132/menawan.v4i6.2788

Keywords:

Earnings Persistence, Earnings Quality, Firm Size, Leverage, Operating Cash Flow

Abstract

This study was conducted to examine the influence of leverage, operating cash flow, and firm size on earnings persistence in companies listed on the Indonesia Stock Exchange within the food and beverage sub-sector from 2021 to 2024. The sample was selected using a purposive sampling technique. Initially, 52 companies met the criteria; however, after accounting for outliers, the final sample consisted of 42 companies. Data analysis was performed using SPSS version 15. The results indicate that leverage has a significant negative effect on earnings persistence, operating cash flow has a significant positive effect on earnings persistence, and firm size has a positive but non-significant effect on earnings persistence. Moderation analysis reveals that firm size does not moderate the relationship between leverage or operating cash flow and earnings persistence. These findings indicate that debt levels and a company's ability to generate operating cash flow are factors related to the sustainability of its profitability. The results of this study are expected to provide management and investors with valuable insights into the quality of earnings and the financial condition of a company.

Downloads

Download data is not yet available.

References

Abdillah, M. R., Putriana, A., & Tami, R. (2021). Pengaruh arus kas operasi dan ukuran perusahaan terhadap persistensi laba. At-Tadbir: Jurnal Ilmiah Manajemen, 5(2), 120. https://doi.org/10.31602/atd.v5i2.4549

Arif, M. F., Halim, A., & Ahmad, R. (2025). Pengaruh ukuran perusahaan, arus kas, tingkat utang, kepemilikan manajerial terhadap persistensi laba pada perusahaan perbankan sektor financial papan utama yang terdaftar di Bursa Efek Indonesia tahun 2021–2023. Bongaya Journal of Research in Accounting, 8(1), 75–86. https://doi.org/10.37888/bjra.v8i1.791

Astuti, D. A., & Damayanty, P. (2024). The influence of operational cash flow, levels of debt, and firm size on earnings persistence (empirical study of property and real estate companies listed on the Indonesia Stock Exchange, 2019–2021). International Journal of Economics, Business and Accounting Research, 8(1), 2622–4771. https://doi.org/10.29040/ijebar.v8i1.12463

Bayuningtias, D., Ervianni Zulaecha, H., & Hedrianto, S. (2022). Pengaruh arus kas operasi, volatilitas penjualan dan ukuran perusahaan terhadap persistensi laba. Jurnal Ekonomi, Bisnis dan Manajemen, 1(4), 100–115. https://doi.org/10.58192/ebismen.v1i4.150

Callista, & Salim, S. (2022). Faktor yang mempengaruhi earnings persistence pada perusahaan manufaktur yang terdaftar di BEI. Jurnal Multiparadigma Akuntansi, 4(1), 91–99. https://doi.org/10.24912/jpa.v4i1.17019

Humayah, S., & Martini, T. (2021). Urgensi persistensi laba: Antara volatilitas penjualan, arus kas operasi, tingkat utang, dan ukuran perusahaan pada perusahaan manufaktur sektor barang dan konsumsi yang terdaftar di ISSI periode 2016–2019. Jurnal Akuntansi Syariah, 4(1), 107–123. https://doi.org/10.21043/aktsar.v4i1.10601

Jannati, N., Wibowo, A. S., & Setiawan, R. Y. (2025). Peran arus kas operasi, book tax differences dan kepemilikan manajerial dalam persistensi laba subsektor perbankan. Media Mahardhika, 23(2), 289–305. https://doi.org/10.29062/mahardika.v23i2.1240

Khuong, N. V., Liem, N. T., & Tai, T. A. (2023). Can audit quality predict earnings persistence? Asian Academy of Management Journal, 28(1), 163–185. https://doi.org/10.21315/aamj2023.28.1.7

Lestari, D. D. A., & Mochlasin, M. (2021). Peran moderasi ukuran perusahaan terhadap faktor-faktor yang mempengaruhi Islamic social reporting. Jurnal Akuntansi Syariah, 5(2), 110–125. https://doi.org/10.46367/jas.v5i2.387

Olivia, E., & Viriany. (2021). Pengaruh akrual, arus kas operasi, leverage. Jurnal Multiparadigma Akuntansi, 3(4), 1379–1387. https://doi.org/10.24912/jpa.v3i4.14934

Rohit, & Suhendah, R. (2021). Faktor-faktor yang mempengaruhi persistensi laba pada perusahaan manufaktur. Jurnal Multiparadigma Akuntansi, 3(1), 146–154. https://doi.org/10.24912/jpa.v3i1.11415

Sabila, R. F., Evana, E., & Septiyanti, R. (2021). Analysis of the effect of operating cash flow, leverage, and firm size on earnings persistence. Journal Dimensie Management and Public Sector, 2(3), 42–50. https://doi.org/10.48173/jdmps.v2i3.104

Salam, M. R., & Amin, M. N. (2024). Peran kepemilikan manajerial memoderasi tingkat hutang, ukuran perusahaan, arus kas operasi terhadap persistensi laba. Riset & Jurnal Akuntansi, 8(3), 2796–2806. https://doi.org/10.33395/owner.v8i3.2182

Solihin, I., Nurhadi, Suandan, E., & Susantor, H. (2021). Pengaruh volatilitas penjualan, siklus operasi dan arus kas operasi terhadap earnings persistence dengan ukuran perusahaan sebagai variabel moderasi. Humanities, Management and Science Proceedings, 1(2), 522–535.

Tambunan, A. L. (2012). Analisis pengaruh financial leverage, ukuran perusahaan, dan struktur kepemilikan terhadap persistensi laba. Akuntansi, Keuangan dan Perpajakan, 4(1).

Tannia, J., & Widyasari, D. (2023). Faktor-faktor yang mempengaruhi persistensi laba pada perusahaan manufaktur. Jurnal Multiparadigma Akuntansi, 5(1), 513–523. https://doi.org/10.24912/jpa.v5i1.2