Pengaruh Income Smoothing dan Real Earnings Management terhadap Keinformatifan Laba

Amrie Firmansyah
Journal article Jurnal Online Insan Akuntan • 2017 Indonesia

Abstract

This study is aimed to examine the effect of income smoothing and real earnings management on earnings informativeness which is proxyed by Future Earnings Response Coefficient (FERC). Scott (2015) states that earnings response coefficient (ERC) is the coefficient of sensitivity of stock price changes to accounting earnings changes. While Tucker and Zarowin (2006) states that FERC is an information that allows an entity to have certain knowledge about future earnings when the entity knows the current stock price, so that stock price can be a signal to future earnings. The sample used in this research consists of 74 non-financial companies with criteria of non-financial companies that have registered their shares on the Indonesia Stock Exchange in the period January 1, 2008 until December 31, 2013 and the company has complete financial statements and other information required in research starting from January 1, 2008 until December 31, 2013. Hypothesis testing method is conducted by using multiple regression analysis. The result shows that income smoothing is not assocciated with earnings informativeness. Investors do not respond that the income smoothing conducted by management is a good news or a bad news in assessing future earnings. Meanwhile, real earnings management has a significant positive effect on profit informativeness. Investors assume that real earnings management action is a positive action that can explain future earnings. Keywords: income smoothing, real earnings management, earnings informativenes

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Jurnal Online Insan Akuntan

Jurnal Online Insan Akuntan (JOIA) merupakan jurnal ilmiah yang diterbitkan oleh Akademi Akuntans... see more