PENGARUH MANAJEMEN LABA TERHADAP ABNORMAL RETURN
Abstract: This research
investigates the consequence of earnings management by analyzing stock price
reaction to the full set financial statement in 2008 which can be used by
investors to detect earnings management by the firms. This research
investigated two forms of earnings management (accrual and real earnings
management). The samples is drawn from firms in IDX Statistic 2008 which
categorized as active in frequency, value or volume. The method of analysis of
this research used multi regression. The results show (1) discretionary accrual
had negative significant influence to abnormal return, (2) abnormal cash flow
from operation had negative significant influence to abnormal return. The results
implicate that the investors are aware of the accrual earnings management
(discretionary accrual) and real earnings management (abnormal cash flow)
components in the earnings reported by the firms and they react negative to
this components.
Penulis: Zirman, Lily
Kode Jurnal: jpakuntansidd090149
