EARNING MANAGEMENT, STOCK RETURN AND COMPANIES’ MERGER AND ACQUISITION
The purpose of this study was to find out the practice earning management before merger and acquisition<br />announcement. It also aimed to examine the differences of stock return before and after merger and acquisition<br />announcement among companies that were listed on Indonesia stoc...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universitas Merdeka Malang
2017-03-01
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| Series: | Jurnal Keuangan dan Perbankan |
| Subjects: | |
| Online Access: | http://jurnal.unmer.ac.id/index.php/jkdp/article/view/835 |
| Summary: | The purpose of this study was to find out the practice earning management before merger and acquisition<br />announcement. It also aimed to examine the differences of stock return before and after merger and acquisition<br />announcement among companies that were listed on Indonesia stock exchange. The samples were 35 companies<br />that did merger and acquisition and listed in Indonesia Stock Exchange (IDX) period 2004–2013. Then, the<br />data analysis was performed by computer statistic program SPSS. These samples were selected by using<br />purposive sampling method. Analysis hypothesis used Independent sample t-test and Wilcoxon sign ranks<br />test. The result of independent sample t-test showed that the companies tended to do earning management<br />before merger and acquisitions. While the result of Wilcoxon signed ranks test showed that there was no<br />difference between stock return before and after merger and acquisition announcement. |
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| ISSN: | 1410-8089 2443-2687 |