Reaksi Pasar Terhadap Publikasi Laba Yang Mengandung Income Increasing, Income Decreasing, dan Income Smoothing

LUCIAWATI, YACINTA (2009) Reaksi Pasar Terhadap Publikasi Laba Yang Mengandung Income Increasing, Income Decreasing, dan Income Smoothing. Other thesis, Prodi Akuntansi Unika Seogijapranata.

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Abstract

The objective of this study is to analyze the investor reaction to earnings announcements that containing income increasing, income decreasing, and income smoothing. This issue is crucial to be analyzed because, according to SFAC No.1 (FASB,1978) information about earnings and its components is primary focus of financial reporting where it generally provides a better indication of an enterprise’s present and continuing ability to generate favorable cash flows than information limited to the financial effects of cash receipts and payments. The investor concern more on the earnings information regardless of the procedure that used to provide those information and incentives for earnings management (Beattie et.al,1994). This study using sample from listed manufacture firms at the Indonesian Stock Exchange over 2004-2006. And also using t-test to measuring significance investors reaction during event period of earnings announcements and to examining difference in the market reaction, using T-test Paired Samples. The results show that: first, investors react positively to earnings announcements that containing income increasing. Second, investors react negatively to earnings announcements that containing income decreasing. Third, investors react positively to earnings announcements that containing income smoothing. Fourth, there is no a significant difference in the market reaction to the income increasing and income decreasing earnings announcements. Fifth, there is a significant difference in the market reaction to the income decreasing and income smoothing earnings announcements. Sixth, there is no a significant difference in the market reaction to the income smoothing and income increasing earnings announcements.

Item Type: Thesis (Other)
Subjects: 300 Social Sciences > 330 Economics > Financial Economics > Income
> 650 Management > 657 Accounting
Divisions: Faculty of Economics and Business > Department of Accounting
Depositing User: Mrs Christiana Sundari
Date Deposited: 14 Sep 2015 14:50
Last Modified: 14 Sep 2015 14:50
URI: http://repository.unika.ac.id/id/eprint/2677

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