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Tue
07
Feb 2012
| MANAJEMEN LABA PADA PERIODA SEBELUM DAN SESUDAH PENAWARAN SAHAM PERDANA DI BURSA EFEK JAKARTA: ANALISIS DENGAN MODEL DEANGELO |
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| Written by Administrator | ||
| Monday, 04 January 2010 03:00 | ||
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The previous research found empirical evidence about existence of earnings management of suurounding IPO (Initial Public Offerings). Previous research also found that operating performance at period after IPO less than before IPO. The purposes of this research is to reexamine earnings management surrounding IPO and association earnings management surrounding IPO with the operating performance in Indonesian capital market. This study uses the companies data conducting IPO on 88 firms that went at Jakarta Stock Exchange for the periods 1995-2002. Company do not the included in industrial group of property, real estate and building construction, and industrial group of finance. The method used to examine earnings management are the method that develop by DeAngelo. The result of this study by using t-test is found that firms manage their earnings to increase reported income before IPO and after IPO. It means that IPO issuers make income increasing discretionary accruals in the financial statement before IPO and in the financial statement after IPO. In this study by using double regression examination also found that operating performance after IPO less than before IPO. This condition is consequence firms conduct earnings management before IPO until happen underperformance after IPO. |
Jurnal ISEI
Kurs IDR
sumber: KlikBCA.com
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