Path: Top Journal Jurnal_Penelitian Edisi_Ilmu-Ilmu_Sosial 1999

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Jurnal Penelitian, Volume XI, Nomor , Tahun 2001
Journal from JIPTUNMERPP / 2008-01-09 09:44:47
Oleh : Prihat Assih, Research Institute - Merdeka University Malang
Dibuat : 1999-01-01, dengan 0 file

Keyword : Earnings management, income smoothing, market reaction, earnings announcement, comulative abnormal return

The investor's attention on net income numbers without regard to the procedures used to generate them, has encourage management to carry out earnings management. Includes within earnings management is income smoothing. Income smoothing can be viewed in term of the reduction in earnings variability over a numbers of periods, or within a single period, as the movement toward unexpected level of reported earning. Objective of this study to examine the market reaction on earnings announcement due to the income smothing. This study examine ninety nine companies which listed in Jakarta Stock Exchange at least since 1990. Market reaction is measured as cumulative abnormal return five days surrounding the companies' carnings announcement date. Overall, the result of this study indicate that there is significant market reaction surrounding the companies' earnings announcement date and market reaction significantly difference between smoother companies and non-smoother companies. This study is hopes to give contribution to the literature, that income smoothing practice can regard as a signal to better prediction of future earning by investors and a mean to decrease market reaction on companies' earnings announcement.

Deskripsi Alternatif :

The investor's attention on net income numbers without regard to the procedures used to generate them, has encourage management to carry out earnings management. Includes within earnings management is income smoothing. Income smoothing can be viewed in term of the reduction in earnings variability over a numbers of periods, or within a single period, as the movement toward unexpected level of reported earning. Objective of this study to examine the market reaction on earnings announcement due to the income smothing. This study examine ninety nine companies which listed in Jakarta Stock Exchange at least since 1990. Market reaction is measured as cumulative abnormal return five days surrounding the companies' carnings announcement date. Overall, the result of this study indicate that there is significant market reaction surrounding the companies' earnings announcement date and market reaction significantly difference between smoother companies and non-smoother companies. This study is hopes to give contribution to the literature, that income smoothing practice can regard as a signal to better prediction of future earning by investors and a mean to decrease market reaction on companies' earnings announcement.

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PropertiNilai Properti
ID PublisherJIPTUNMERPP
OrganisasiResearch Institute - Merdeka University Malang
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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