Jurnal Akuntansi & Auditing Indonesia
Vol. 10 No. 2 (2006)

Analisis Pengaruh Pengumuman Earning terhadap Abnormal Return dan Tingkat Likuiditas Saham: Analisis Empiris pada Nonsynchronous Trading

Indah Kurniawati (Unknown)

Article Info

Publish Date
11 May 2009

Abstract

The objective of this study is to examine the effect of the earnings 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 and Warner, 1985) and correcting the beta bias made use of Fowler and Rorke Method (1983) with four lags and four leads. The signifi¬cance of the difference of market reactions was tested by Wilcoxon Signed Ranks test. The result of this research shows that earning announcements is positively responded statistically but not significantly by the market around the date of earning announcement. The dif¬ference between stock liquidity before and after the earning announcement is insignificant except trading volume.Keywords: earning, market reaction, stock liquidity

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Journal Info
Jurnal Akuntansi & Auditing Indonesia
Website

Abbrev

JAAI

Publisher

Universitas Islam Indonesia

Subject

Economics, Econometrics & Finance

Description

JURNAL AKUNTANSI & AUDITING INDONESIA (JAAI) is published by Accounting Department, Faculty of Economics, Islamic University of Indonesia and Supported by IAI-KAPd (Ikatan Akuntan Indonesia - Kompartemen Akuntan Pendidik). Published twice a year on June and December, JAAI is a media of communication ...