GDL

Jurnal Keuangan dan Perbankan, Volume 11, Nomor 1, Januari 2007
Journal from JIPTUNMERPP / 2010-06-21 23:11:56
Oleh : Abdul Syukur, Diploma 3 of Finance and Banking Merdeka University Malang (jurkeubank@yahoo.com)
Dibuat : 2007-01-01, dengan file

Keyword : Industry structure characteristics, cumulative abnormal return, unexpected earnings, earnigs response coefficient

This study aimed at testing the effects of industry stucture characteristics that requie proxis for variables of financial leverage, operating leverage, accounting earnings growth, entry barriers, and product type on the earning response coefficient. The study also tests other factor that influence the earnings response coefficient: transactions gain or loss, earning persistence, earning predictailit and firm size. The samples of this study were 241 firm listed at Jakarta Stock Exchange. This study used panel data of 3 years (2000 – 2002) tha were used to regress the cumulative abnormal return as the dependent variable toward the independent variables : unexpected earnins, annual return, financial leerae, operating leverage , earning gowth, entry barriers, product type, trasaction of gain or loss, earning persistence, earnin predictability and fir size. The result of hyothesis testing showed that the variables of annual return, financial leverage, operatin leverage and earnig growth which interact with unexpected earnings have significant effect on the earnig response coefficient. On the othe hand, the variables of entry barriers and trasaction gain or loss which interact with unexpected earning do noyt have significant effect on the eanig response coefficient.

Deskripsi Alternatif :

This study aimed at testing the effects of industry stucture characteristics that requie proxis for variables of financial leverage, operating leverage, accounting earnings growth, entry barriers, and product type on the earning response coefficient. The study also tests other factor that influence the earnings response coefficient: transactions gain or loss, earning persistence, earning predictailit and firm size. The samples of this study were 241 firm listed at Jakarta Stock Exchange. This study used panel data of 3 years (2000 – 2002) tha were used to regress the cumulative abnormal return as the dependent variable toward the independent variables : unexpected earnins, annual return, financial leerae, operating leverage , earning gowth, entry barriers, product type, trasaction of gain or loss, earning persistence, earnin predictability and fir size. The result of hyothesis testing showed that the variables of annual return, financial leverage, operatin leverage and earnig growth which interact with unexpected earnings have significant effect on the earnig response coefficient. On the othe hand, the variables of entry barriers and trasaction gain or loss which interact with unexpected earning do noyt have significant effect on the eanig response coefficient.

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