Analisis anomali akrual pada peristiwa IPO = Analysis of accrual anomaly at the IPO event
Chairil Aditya Arifin;
Ratna Wardhani, supervisor; Mafrizal Heppy, examiner; Nasution, Nursanita, examiner
(Fakultas Ekonomi dan Bisnis Universitas Indonesia, 2012)
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[ABSTRAK Tujuan penelitian ini ada dua, yaitu: untuk mengetahui bagaimana perbedaan kualitas akrual pada saat sebelum IPO dengan sesudah IPO dengan mengukur akrual innate dan akrual diskresioner, dan untuk mengetahui apakah akrual innate dan akrual diskresioner memiliki pengaruh yang signifikan terhadap cummulative abnormal return saham perusahaan selama tiga tahun setelah IPO. Penelitian inimengobservasi 50 perusahaan yang melakukan IPO di Indonesia dalam periode waktu antara tahun 2000-2007 dengan menggunakan uji beda t-test dan metode regresi cross-section. Hasil dari penelitian ini menunjukkan bahwa, terdapat perbedaan antara akrual innate tiga tahun sebelum IPO dengan tiga tahun sesudah IPO, dimana akrual innate sebelum IPO memiliki nilai yang lebih besar dibandingkan dengan sesudah IPO. Sementara, akrual diskresioner tidak terdapatperbedaan antara sebelum dan sesudah IPO. Penelitian ini juga menunjukkanm bahwa, dibandingkan akrual diskresioner, akrual innate lebih berpengaruh signifikan positif terhadap cummulative abnormal return setelah tiga tahun IPO.ABSTRAK There are two aim of purposes in this study: to describe the differences of accrualquality before IPO and after IPO, by measuring the innate accrual anddiscretionary accrual, and to discover whether innate accrual and discretionaryaccrual have a significant impact on cummulative abnormal return three yearsafter IPO. This study includes 50 samples of firms doing IPO in Indonesiabetween 2000-2007 using t-test and cross-section regression method. The result ofthis study proves that, there is a differences between three years before IPO andthree years after IPO,where innate accrual at before IPO has a larger value thanafter IPO. While, discretionary accrual doesn’t show any differences at beforeand after IPO. This study also proves that, rather than discretionary accrual,innate accrual shows more significant and positive impact to cummulativeabnormal return three years after IPO., There are two aim of purposes in this study: to describe the differences of accrualquality before IPO and after IPO, by measuring the innate accrual anddiscretionary accrual, and to discover whether innate accrual and discretionaryaccrual have a significant impact on cummulative abnormal return three yearsafter IPO. This study includes 50 samples of firms doing IPO in Indonesiabetween 2000-2007 using t-test and cross-section regression method. The result ofthis study proves that, there is a differences between three years before IPO andthree years after IPO,where innate accrual at before IPO has a larger value thanafter IPO. While, discretionary accrual doesn’t show any differences at beforeand after IPO. This study also proves that, rather than discretionary accrual,innate accrual shows more significant and positive impact to cummulativeabnormal return three years after IPO.] |
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No. Panggil : | S-Pdf |
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Penerbitan : | [Place of publication not identified]: Fakultas Ekonomi dan Bisnis Universitas Indonesia, 2012 |
Program Studi : |
Bahasa : | ind |
Sumber Pengatalogan : | LibUI ind rda |
Tipe Konten : | text |
Tipe Media : | computer |
Tipe Carrier : | online resource |
Deskripsi Fisik : | xiv, 79 pages ; 28 cm + appendix |
Naskah Ringkas : | |
Lembaga Pemilik : | Universitas Indonesia |
Lokasi : | Perpustakaan UI, Lantai 3 |
No. Panggil | No. Barkod | Ketersediaan |
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S-Pdf | TERSEDIA |
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Tidak ada ulasan pada koleksi ini: 20355531 |