PENGARUH MANAJEMEN LABA TERHADAP RETURN SAHAM(Studi pada Industri Perbankan yang Terdaftar diBursa Efek Indonesia)

TRAMIASIH, TRAMIASIH (2009) PENGARUH MANAJEMEN LABA TERHADAP RETURN SAHAM(Studi pada Industri Perbankan yang Terdaftar diBursa Efek Indonesia). Other thesis, University of Muhammadiyah Malang.

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Abstract

Title: "Earnings Management Influence to Stock’s Return (study at banking companies listed in Bursa Efek Indonesia)". (Researcher: Tramiasih, Supervising I: Dhaniel Syam., Drs. MM. Ak, Supervising II: Ihyaul Ulum, SE. M. Si.) The major purpose of this study is to investigate earnings management influence to stock’s return. Earnings management is a new phenomenon, which has contributed to the development of accounting theory. Earnings management can not be interpreted as a negative action since it does not solely concern with earnings manipulation. The banking’s IPO companies from 1995-2005 were used as samples. Instrumental variable approach used modified jones model with DAC proxy. Its mean, that managers may have the incentives and intention to behave opportunistically for obtaining his/her private gains by selecting certain accounting method. This study provide an evidence that issuers report unusually high earnings management around IPO (two years before and two years after IPO). Issuers used mean reversing strategy in two years before IPO period (income decreasing) for preparing earnings management in the next period (income increasing). Furthermore, this study documented negative earnings management influence to stock’s return.

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