Assih, Prihat (1999) Hubungan tindakan perataan laba dengan reaksi pasar atas pengumuman informasi laba perusahaan yang terdaftar di Bursa Effek Jakarta. Jurnal Penelitian: Edisi Ilmu-Ilmu Sosial, 11 (2).

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Abstract

The investor's attention on net income numbers without regard to the procedures used to generate them, has encourage management to carry out earnings management. Includes within earnings management is income smoothing. Income smoothing can be viewed in term of the reduction in earnings variability over a numbers of periods, or within a single period, as the movement toward unexpected level of reported earning. Objective of this study to examine the market reaction on earnings announcement due to the income smothing. This study examine ninety nine companies which listed in Jakarta Stock Exchange at least since 1990. Market reaction is measured as cumulative abnormal return five days surrounding the companies' carnings announcement date. Overall, the result of this study indicate that there is significant market reaction surrounding the companies' earnings announcement date and market reaction significantly difference between smoother companies and non-smoother companies. This study is hopes to give contribution to the literature, that income smoothing practice can regard as a signal to better prediction of future earning by investors and a mean to decrease market reaction on companies' earnings announcement.

Item Type:	Article
Additional Information:	Nama : Prihat Assih NIDN : 0730096501
Uncontrolled Keywords:	Earnings management, income smoothing, market reaction, earnings announcement, comulative abnormal return
Divisions:	Fakultas Ekonomi dan Bisnis > S1 Akuntansi
Depositing User:	Gendhis Dwi Aprilia
Date Deposited:	10 Jan 2022 04:17
Last Modified:	10 Jan 2022 04:17
URI:	https://eprints.unmer.ac.id/id/eprint/1802

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