Analisis Pengaruh Pengumuman Earning Terhadap Abnormal Rerturn dan Tingkat Likuiditas Saham: Analisis Empiris pada Nonsynchronous Trading  

Oleh:

Kurniawati, Indah

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Jurnal Akuntansi & Auditing Indonesia vol. 10 no. 2 (Dec. 2006), page 231.
Topik: Earning; Market Reaction; Stock Liquidity

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: AA70.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The objective of this study is to examine the effect of the aernings information on market reaction in the Jakarta Stock Exchange. The sample consists of 34 stocks of firms from 2003-2004. The hypothesis was tested by market model (Brown & Warner 1985) and correcting the beta bias made use of Fowler and Rorke Method (1983) with four lags and four leads. The result of this research shows that earning announcement is positively responded statistically but not significantly by the market around the date of earning announcement. The difference between stock liquidity before and after the earning announcement is insignificant except trading volume.

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