Pengaruh Set Kesempatan Investasi Terhadap Manajemen Laba dan Dampaknya terhadap Return Saham pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2007-2009
| Main Author: | Juanna, Juanna |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Program Magister Akuntansi Unsyiah
, 2019
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| Online Access: |
http://www.jurnal.unsyiah.ac.id/TRA/article/view/14682 http://www.jurnal.unsyiah.ac.id/TRA/article/view/14682/11018 |
Daftar Isi:
- The objective of this research is to examine and analyze the influence of investment opportunity set (IOS) toward the discretionary accruals and its effect toward stock return on listed companies from the manufacturing sector at the Indonesia Stock Exchange (BEI) for the year 2007-2009. The investment opportunity set is measured by using market to book assets ratio. Earnings management is estimated by using discretionary accruals (Modified Jones Model, 1991) and stock return is measured by using cumulative stock return. The research type used in this research is verificative research or hypothesis testing research. The target population of this research is listed companies from the manufacturing sector at the Indonesia Stock Exchange which do earnings management by income-increasing discretionary accruals strategy. By using census method and unbalance panel data, there are 138 firm observations fulfilling the population criteria. The data type used is secondary data gotten from the capital market reference center at the Indonesia Stock Exchange. Data is analyzed by using standardized multiple regression model (path analysis). The results of this research show that (1) investment opportunity set has very low negative influence to earnings management, and (2) discretionary accruals has very low negative influence to stock return.KEYWORDS : Investment opportunity set, earnings management, stock return