ANALISA PERBEDAAN ABNORMAL RETURN DAN VOLUME PERDAGANGAN SAHAM ANTARA PERUSAHAAN YANG MELAKUKAN PERATAAN LABA DAN YANG TIDAK MELAKUKAN PERATAAN LABA

DESININGTYAS, ERNA BUDI (2008) ANALISA PERBEDAAN ABNORMAL RETURN DAN VOLUME PERDAGANGAN SAHAM ANTARA PERUSAHAAN YANG MELAKUKAN PERATAAN LABA DAN YANG TIDAK MELAKUKAN PERATAAN LABA. Other thesis, University of Muhammadiyah Malang.

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ANALISA_PERBEDAAN_ABNORMAL_RETURN_DAN_VOLUME_PERDAGANGAN_SAHAM_ANTARA_PERUSAHAAN_YANG_MELAKUKAN_PERATAAN_LABA_DAN_YANG_TIDAK_MELAKUKAN_PERATAAN_LABA.pdf

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Abstract

Financial report is the form of management’s responsibility over company’s resources utilization. Therefore, the manager can do various alternative actions freely to change accountancy policy agreeing with the company’s interest and to give flexibility for the management to choose one of set of the accountancy policy. This condition motivates the manager to choose opportunistically accountancy policy corresponding to their interest. Because of the investor’s attention is often centered only on the profit information, given by the company and not to the produser, which is used to produce the profit information. It gives an opportunity for the manager to do earning manipulation with one of his ways, namely income smoothing. This research has purpose to know the average difference of abnormal return and trading volume activity (TVA) of share between the profit equalization company and profit non-equalization company. Research population is all go-public companies in BEJ period 2001-2006, because it has heterogeneous quality. So that, the sample collection technique used purposive stratified random sampling. 54 assessed companies have fulfilled the determined sampling. Research hypothesis testing is done by using statistical test tools, namely averages different test of two dependent samples. Based on the testing result of first hypothesis, this research does not find any average different of abnormal return between the profit Equalizer Company and profit Non-equalizer Company. Based on the testing result of second hypothesis, this research also does not find any average different of share TVA between the profit Equalizer Company and profit Non-equalizer Company. It reveals that signal delivering on company’s profit by the management party cannot used completely or is not yet assumed completely as informative by investor in Indonesia capital market.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Anggit Aldila
Date Deposited: 01 May 2012 06:46
Last Modified: 01 May 2012 06:46
URI: http://eprints.umm.ac.id/id/eprint/3606

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