PENGUMUMAN LABA, KEPEMILIKAN MANAJERIAL, DAN REAKSI PASAR
Investors in capital market using many instruments for making an investment at one or more company. Stock is one of instruments that investor using for an investment. Stock price is influenced by internal company factors, one of them is earning. This show that annual earnings announcement in stock e...
| Main Authors: | , |
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| Format: | Thesis |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2011
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| Subjects: |
| _version_ | 1797030500491067392 |
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| author | , Yensawai Enggelina Rumbiak, SE. , Dr. Suad Husnan, MBA |
| author_facet | , Yensawai Enggelina Rumbiak, SE. , Dr. Suad Husnan, MBA |
| author_sort | , Yensawai Enggelina Rumbiak, SE. |
| collection | UGM |
| description | Investors in capital market using many instruments for making an
investment at one or more company. Stock is one of instruments that investor
using for an investment. Stock price is influenced by internal company factors,
one of them is earning. This show that annual earnings announcement in stock
exchange are one of important factors for investors. The annual earnings
announcements might release good news or bad news. Good news indicate
earnings are higher than the expectation, while bad news indicate or over than
expectation. Some previous empirical studied show that earning increase
(decrease) are respondent by positive (negative) reaction. As an addition, the
study also examines moderating effect of information asymmetry in earning
announcement to market reaction. Managerial ownership is the proxy of
information asymmetric.
Using three models of increasing and decreasing earnings, the analysis
show that increasing earning created positive market reaction and decreasing
earning created negative market reaction. Others hypothesis that examined
managerial ownership show that the ownership weakens market reaction for
increasing and decreasing earnings. This is caused by the fact that companies with
managerial ownership have better quality of information than that at non
managerial ownership companies. |
| first_indexed | 2024-03-13T22:06:46Z |
| format | Thesis |
| id | oai:generic.eprints.org:89285 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:06:46Z |
| publishDate | 2011 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:892852014-08-20T02:54:26Z https://repository.ugm.ac.id/89285/ PENGUMUMAN LABA, KEPEMILIKAN MANAJERIAL, DAN REAKSI PASAR , Yensawai Enggelina Rumbiak, SE. , Dr. Suad Husnan, MBA ETD Investors in capital market using many instruments for making an investment at one or more company. Stock is one of instruments that investor using for an investment. Stock price is influenced by internal company factors, one of them is earning. This show that annual earnings announcement in stock exchange are one of important factors for investors. The annual earnings announcements might release good news or bad news. Good news indicate earnings are higher than the expectation, while bad news indicate or over than expectation. Some previous empirical studied show that earning increase (decrease) are respondent by positive (negative) reaction. As an addition, the study also examines moderating effect of information asymmetry in earning announcement to market reaction. Managerial ownership is the proxy of information asymmetric. Using three models of increasing and decreasing earnings, the analysis show that increasing earning created positive market reaction and decreasing earning created negative market reaction. Others hypothesis that examined managerial ownership show that the ownership weakens market reaction for increasing and decreasing earnings. This is caused by the fact that companies with managerial ownership have better quality of information than that at non managerial ownership companies. [Yogyakarta] : Universitas Gadjah Mada 2011 Thesis NonPeerReviewed , Yensawai Enggelina Rumbiak, SE. and , Dr. Suad Husnan, MBA (2011) PENGUMUMAN LABA, KEPEMILIKAN MANAJERIAL, DAN REAKSI PASAR. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=51716 |
| spellingShingle | ETD , Yensawai Enggelina Rumbiak, SE. , Dr. Suad Husnan, MBA PENGUMUMAN LABA, KEPEMILIKAN MANAJERIAL, DAN REAKSI PASAR |
| title | PENGUMUMAN LABA, KEPEMILIKAN MANAJERIAL, DAN
REAKSI PASAR |
| title_full | PENGUMUMAN LABA, KEPEMILIKAN MANAJERIAL, DAN
REAKSI PASAR |
| title_fullStr | PENGUMUMAN LABA, KEPEMILIKAN MANAJERIAL, DAN
REAKSI PASAR |
| title_full_unstemmed | PENGUMUMAN LABA, KEPEMILIKAN MANAJERIAL, DAN
REAKSI PASAR |
| title_short | PENGUMUMAN LABA, KEPEMILIKAN MANAJERIAL, DAN
REAKSI PASAR |
| title_sort | pengumuman laba kepemilikan manajerial dan reaksi pasar |
| topic | ETD |
| work_keys_str_mv | AT yensawaienggelinarumbiakse pengumumanlabakepemilikanmanajerialdanreaksipasar AT drsuadhusnanmba pengumumanlabakepemilikanmanajerialdanreaksipasar |