Detail The Analysis of Cash Flow to Detect the Real Activity Manipulation and Their Impact on Market Performance (in 2nd Parahyangan International Accouting and Business Conference (PIABC)) Bibliografi Author: Oktorina, Megawati ; Hutagaol, Yanthi Topik: Operating Cash Flow; Investing Cash Flow; Financing Cash Flow; Real Activities Manipulation Bahasa: (EN )     Penerbit: Fakultas Ekonomi Unika Parahyangan     Tempat Terbit: Bandung    Tahun Terbit: 2010     Jenis: Papers/Makalah - pada seminar nasional Fulltext: THE ANALYSIS OF CASH FLOW.pdf (135.81KB; 11 download) img-X11112043.pdf (6.94MB; 3 download) Abstract This research aims to identify firm's tendency to execute real activities manipulation through cash flow and its impact to market performance. The component of cash flow consists of operating cash flow, investing cash flow, and financing cash flow. The sample is drawn from firms in the biggest 50 whose asset above 1 trillion rupiahs for period of 2001 - 2006, which are published in Swa 100. The research model used is based on Roychowdhury's model (2003). Statistic method employed is descriptive statistics, one sample t-test, and two independent samples t-test. The result shows that firms tend to execute real activities manipulation through operating cash flow but not through investing cash flow and financing cash flow. Moreover, the impact of real activities manipulation on market performance shows that firms that are more likely executing real activities manipulation have higher market performance than their counterparts. However, further analysis does not find evidence that the conservative group's market performance is higher than the aggressive group. After controlling for industry, the result finds that market performance of manufacturing firms is significantly higher than non manufacturing firms. However, there is no evidence to support different market performance among size groups. Other results also show that manufacturing firms are apt to execute real activities manipulation through operating cash flow aggressively and non manufacturing firms more likely execute real activities manipulation through operating cash flow conservatively. The result from sensitivity analysis shows that substituting sales variable with receipt from customer variable does not improve the explanatory power of the model. This result show that firms can execute real activities manipulation not only through cash sales, but also credit sales. Kajian editorial Seminar dan Call for paper 2nd Parahyangan International Accouting and Business Conference (PIABC), 17-18 Juni 2010 (Golden Flower Hotel, Bandung) Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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