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Jurnal kuntansi

TAHUN XII/03/September/2008 ISSN 1410 - 3591

The Influence of Professional and Business Ethics and Corporate Social Responsibility on Corporate Governance Implementation and Fraud Mitigation: Empirical Evidence

From Accounting Managers and Public Accountants in Jakarta 16 Sukrisno Agoes & Robert Kristaung

Perbandingan Akrual dan Pajak Tangguhan Dalam Pengujian Aliran Kas Masa Datang dan Return Saham (Studi pada Perusahaan Manufaktur yang

Terdaftar pada Bursa Efek Jakarta Periode 2000-2004) 16 Theresia Woro Damayanti

Apakah Earnings Management Mengakibatkan Risiko Delisting pada Perusahaan IPO? 16 C. Bintang Hari Yudhanti & Dyna Rachmawati

Jurnal Akuntansi

Anal isis Investment Opportunity Set (I OS) dan Profitabilitas Dalam Memoderasi Pengaruh Kebijakan Dividen Terhadap Tingkat Leverage Perusahaan

16 Theora/ Maria Inneke & Supatmi

Analisis Hubungan Komponen Good Corporate Governance Terhadap Manajemen Laba Dengan Kinerja Keuangan Pada Perusahaan Manufaktur yang Terdaftar

di Bursa Efek Indonesia 16 Nurainun Bangun & Vincent

IDEA Sebagai Salah Satu Audit Software 16 Estralita Trisnawati

Standar Akuntansi Pemerintahan (PP No. 24 Tahun 2005) Untuk Pengelolaan Keuangan Negara yang Transparan dan Akuntabel

16 Henryanto Wijaya

Akuntabilitas Kinerja, Pengelolaan Keuangan Daerah Dalam Pelaksanaari Otonomi Daerah

16 Sjahruddin Rasul

Integrasi Just In Time dan Theory Ofconstraints Dengan Activity Basedcosting Guna Mengoptimalkan Pengambilan Keputusan

16 Sofia Prima Dewi

Jakarta September 2008 ISSN 1410- 3591

JURNAL AKUNTNASIISSN l4l0 - 3s9l

September 2008, Tahun XII, Nomor 03Halaman 236 - 351

THE INFLUENCE OF PROFESSIONAL AND BUSINESS ETHICS ANDCORPORATE SOCIAL RESPONSIBILITY ON CORPORATE GOVERNANCEIMPLEMENTATION AND FRAUD MITIGATION: EMPIRICAL EVIDENCEFROM ACCOUNTING MANAGERS AND PUBLIC ACCOUNTANTS INJAKARTAf.'f.{l:I.? lg?s:..*.!.*?:!..\:!:.t1Y!9.........i......................

PERBANDINGAN AKRUAL DAN PAIAK TANGGUHAN DALAMPENGUIIAN ALIRAN KAS MASA DATANG DAN RETURN SAHAM(Studi pada Perusahaan Manufaktur yang Terdaftar pada Bursa Efek jakarta

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APAKAH EARNING S MANA G E MEN T MENGAKIBATKAN RISIKODELIST/NG PADA PERUSAHAAN IPO?C. Bintang Hari Yudhanti & Dyna Rachmawati

ANALTSTS TNVESTMENT OPPORTUNITy SET 0OS) DANPROFITABILITAS DALAM MEMODERASI PENGARUH KEBIJAKANDIVIDEN TERHADAP TINGKAT LEVERAGE PERUSAHAANTheoraL Maria Inneke & Supatmiaaaaaa.aa..aaa.aaaaaaaaaoaaaaaaaaaaaaaaooaoaaaaatataaaoaaaaaaaaaaaaaaa

ANALISIS HUBUNGAN KOMPONEN GOOD CORPOMTE GOYERNANCETERHADAP MANAJEMEN LABA DENGAN KINERJA KEUANGAN PADAPERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEKINDONESIA

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ANALISIS INVESTMENT OPPORTUNITY SET (IOS) DAN PROFITABILITAS DALAM MEMODERASI PENGARUH KEBIJAKAN DIVIDEN TERHADAP

TINGKAT LEVERAGE PERUSAHAAN

Theoral Maria Inneke1

Supatmi2

Abstract: The purpose of this research prove if investment opportunity set and profitability

as moderating variables in interaction between dividend policy. The purposive sampling

technique is used in choosing samples of this study from whole companies listed in BEI from

2001 to 2004 except for banking, finance and insuranc companies. There are altogether 31

samples. Dividend policy is measured by dividend payout ratio, leverage is measured debt to

equity ratio, profitability is measured return on asset ratio, and investment opportunity set

counted by using market value of assets to book value of assets. The examination of

hypothesis in this study is using Moderated Regression Analysis with significant level is 5%.

The result of this study provides empirical evidence that investment opportunity set and

profitability have significant influence in relation between dividend policy and leverage. In

other word, investment opportunity set and profitability are moderating variables.

Key words: Dividend Policy, Investment Opportunity Set, Profitability, Leverage

1 Alumnus Fakultas Ekonomi Universitas Kristen Satya Wacana 2 Pengajar Fakultas Ekonomi Universitas Kristen Satya Wacana