Harnovinsah, Faculty of Economic and Business Mercubuana University and Poppy Indriani, Faculty of Economic Binadarma University (2015) The market reaction and income smoothing (case study on listed company in LQ 45 Indonesian Stock Exchange). Research Journal of Finance and Accounting, 6 (8). pp. 1-10. ISSN 2222-2847 (online)
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Abstract
Abstract The purpose of this study was to analyze whether there are differences in the market reaction over the announcement of earnings among companies that perform income smoothing with a company that does not perform income smoothing. Companies that perform income smoothing or who did not perform income smoothing can be detected by Eckel index, the market reaction variables were measured using a cummulative abnormal returns (CAR) and will be used to test the hypothesis test independent samples t-test. Based on the study results, the authors conclude that there is no difference between the market reaction to companies that perform income smoothing with a company that does not perform income smoothing. Keywords: Income Smoothing, Cummulative abnormal return (CAR), Market Reaction, Earnings Announcement
| Item Type: | Article |
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| Subjects: | H Social Sciences > HG Finance H Social Sciences > HJ Public Finance |
| Depositing User: | Mrs Poppy Indriani |
| Date Deposited: | 18 Aug 2015 08:21 |
| Last Modified: | 18 Aug 2015 08:21 |
| URI: | http://eprints.binadarma.ac.id/id/eprint/2380 |
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