Reaksi Investor terhadap Earnings Management

Reaksi Investor terhadap Earnings Management

This paper examines investor reaction to earnings management around seasoned equity offerings (SEO) by companies listed on Indonesia Stock Exchange (IDX) in the period 2005-2007. Using Jones Model modified by Dechow (1995), this research found evidence of earnings management around seasoned equity o...

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Main Author: Bernardus Y. Nugroho
Format: Article
Language:English
Published: Universitas Islam Indonesia 2011-03-01
Series:Jurnal Siasat Bisnis
Online Access:http://journal.uii.ac.id/index.php/JSB/article/view/2012
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spelling doaj-e07dec22211544bb9829def6e426bfd72020-11-24T22:28:15ZengUniversitas Islam IndonesiaJurnal Siasat Bisnis0853-76662528-70012011-03-011311944Reaksi Investor terhadap Earnings ManagementBernardus Y. NugrohoThis paper examines investor reaction to earnings management around seasoned equity offerings (SEO) by companies listed on Indonesia Stock Exchange (IDX) in the period 2005-2007. Using Jones Model modified by Dechow (1995), this research found evidence of earnings management around seasoned equity offerings. Based on managerial response hypotesis, this research analyze whether SEO announcement signals earnings management to investor. Furthermore, this research also analize investor reaction on SEO announcement and financial report around SEO. The result shows that investor failed to recognize earnings management on financial report before SEO. However, this research does not found evidence that SEO signals earnings management conducted by firms to investor.<br /><br />Keywords:    Earnings management, seasoned equity offerings, investor reaction, managerial response hypothesishttp://journal.uii.ac.id/index.php/JSB/article/view/2012
collection DOAJ
language English
format Article
sources DOAJ
author Bernardus Y. Nugroho
spellingShingle Bernardus Y. Nugroho
Reaksi Investor terhadap Earnings Management
Jurnal Siasat Bisnis
author_facet Bernardus Y. Nugroho
author_sort Bernardus Y. Nugroho
title Reaksi Investor terhadap Earnings Management
title_short Reaksi Investor terhadap Earnings Management
title_full Reaksi Investor terhadap Earnings Management
title_fullStr Reaksi Investor terhadap Earnings Management
title_full_unstemmed Reaksi Investor terhadap Earnings Management
title_sort reaksi investor terhadap earnings management
publisher Universitas Islam Indonesia
series Jurnal Siasat Bisnis
issn 0853-7666
2528-7001
publishDate 2011-03-01
description This paper examines investor reaction to earnings management around seasoned equity offerings (SEO) by companies listed on Indonesia Stock Exchange (IDX) in the period 2005-2007. Using Jones Model modified by Dechow (1995), this research found evidence of earnings management around seasoned equity offerings. Based on managerial response hypotesis, this research analyze whether SEO announcement signals earnings management to investor. Furthermore, this research also analize investor reaction on SEO announcement and financial report around SEO. The result shows that investor failed to recognize earnings management on financial report before SEO. However, this research does not found evidence that SEO signals earnings management conducted by firms to investor.<br /><br />Keywords:    Earnings management, seasoned equity offerings, investor reaction, managerial response hypothesis
url http://journal.uii.ac.id/index.php/JSB/article/view/2012
work_keys_str_mv AT bernardusynugroho reaksiinvestorterhadapearningsmanagement
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