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Asosiasi antara praktik perataan laba dan reaksi pasar modal di Indonesia

Jurnal Teknologi & Manajemen Informatika: Volume 3, nomor 3, Desember 2005
Journal from JIPTUNMERPP / 2014-11-18 09:18:05
Oleh : Imam Subekti , Faculty of Information Technology Merdeka University Malang
Dibuat : 2005-12-01, dengan file

Keyword : Abnormal return, trading volume activity, positive earnings surprise, negative earnings surprise, smoother companies and non smoother companies

The research aim to examine market reaction of earning information announced by smoother companies and non smoother companies. Earning information will be told informative if the information can influence perppetrator of market in taking decision of investment. Investor oftentimes only centrally of earnings information not on procedure used to yield earnings management known as income smoothing. The research sample is manufacturing industry which enlist since year 1999-2002 by using method of purposive sampling. There are 84 company fulfilling criterion as this research sample. The proxy of market reactions are abnormal return (AR) and trading volume activity (TVA), while for the earnings information used proxy unexpected earnings which group become positive earnings surprise and negative earnings surprise. This research used Mann Whitney testing to exam mean of AR and TVA to the overall of hypothesis. The examinations result show that there are no difference AR and TVA between smoother companies with non smoother companies. Conclusion of which can taken away from entire result of examination is pursuant to efficiency market theory, hence Indonesia capital market havenÂ’t yet efficient semi strength decisionally

Deskripsi Alternatif :

The research aim to examine market reaction of earning information announced by smoother companies and non smoother companies. Earning information will be told informative if the information can influence perppetrator of market in taking decision of investment. Investor oftentimes only centrally of earnings information not on procedure used to yield earnings management known as income smoothing. The research sample is manufacturing industry which enlist since year 1999-2002 by using method of purposive sampling. There are 84 company fulfilling criterion as this research sample. The proxy of market reactions are abnormal return (AR) and trading volume activity (TVA), while for the earnings information used proxy unexpected earnings which group become positive earnings surprise and negative earnings surprise. This research used Mann Whitney testing to exam mean of AR and TVA to the overall of hypothesis. The examinations result show that there are no difference AR and TVA between smoother companies with non smoother companies. Conclusion of which can taken away from entire result of examination is pursuant to efficiency market theory, hence Indonesia capital market havenÂ’t yet efficient semi strength decisionally

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PropertiNilai Properti
ID PublisherJIPTUNMERPP
OrganisasiF
Nama KontakDra. Wiwik Supriyanti, SS
AlamatJl. Terusan Halimun 11 B
KotaMalang
DaerahJawa Timur
NegaraIndonesia
Telepon0341-563504
Fax0341-563504
E-mail Administratorperpus@unmer.ac.id
E-mail CKOwsupriyanti@yahoo.com

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  • Editor: Wiwik Supriyanti, Dra. SS.