文章基本信息

标题：Analisis Pengaruh Pengumuman Earning terhadap Abnormal Return dan Tingkat Likuiditas Saham: Analisis Empiris pada Nonsynchronous Trading
其他标题：Analisis Pengaruh Pengumuman Earning terhadap Abnormal Return dan Tingkat Likuiditas Saham: Analisis Empiris pada Nonsynchronous Trading
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作者：Indah Kurniawati
期刊名称：Jurnal Akuntansi & Auditing Indonesia
印刷版ISSN：1410-2420
电子版ISSN：2528-6528
出版年度：2006
卷号：10
期号：2
页码：173
出版社：Jurnal Akuntansi & Auditing Indonesia
摘要：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
关键词：earning, market reaction, stock liquidity