Pengaruh Manajemen Laba Pada Nilai dan Kinerja Perusahaan  

Oleh:

Assih, Prihat ; Hastuti, Ambar Woro ; Parawiyati

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Jurnal Akuntansi dan Keuangan Indonesia vol. 2 no. 2 (Dec. 2005), page 125-144.
Topik: Earnings Management; Initial Public Offering; Firm's Value; and Firm's Performance
Fulltext: AA71_02-02_Prihat Assih.pdf (577.17KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: AA71.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Managers manage their earnings because they want to influene the investors perception about firm's performance, subsequently the firms could extract low cost exsternal fund. Managers have incentive to practice income-increasing earnings management before theym ake initial public offerings (IPO) in order to get high offering price. However, these practice could decrease the opportunity of managers to manage their earnings in the future periods. If earnigns management before public offering casue investors to be over optimistic about future earnings, investors will be disappointed with firm's performance after IPO and the firm value tend to decrease in the periods after the IPO. This study investigates the effect of earnings management on the firm's value and performance in the periods before and after the initial public offering. Results of this study show that managers practice income-increasing earnings management before their initial public offerings. Earnings management have positive impact on firm value in the initail public offering period, but this has negative impact in the periods after IPO. Firms' values in the end of IPO are lower than firms' values in the IPO period. Firms' performances in the years after the initial public offering were higher than firms' performances in the year of IPO, but the average of return of asset decreases in the periods after IPO.

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