Shinta Ningtiyas Nazar, , (2014) Analisis Pengaruh Income Smoothing terhadap Informativeness of Stock Price. Jurnal Ilmiah Akuntansi Universitas Pamulang, 2 (2). pp. 170-185. ISSN 2339-0867
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Abstract
The evolved investments activities makes financial statement makers forced to give relevant and reliable information of the real conditions. The managers responsible for making useful information to the stakeholders. This information availability causes dilemma to the managers’ action. This research is to investigate relationship in discretionary accrual which can be done with income smoothing towards informativeness of stock price. Proxy from income smoothing is using Kothari’s model (2005) as known as pre-discretionary income, and proxy from informativeness of stock price is using Zarowin and Tucker (2006) as known as Future Earnings Response Coefficient. Zarowin and Tucker (2006) found that the more informative a stock, the more persistence it makes earnings that the research can investigate them with income smoothing. The research is using data from year 2003 until 2007 period, and year 2004 used as terminal year as the basic to regression’s model. It figured out that the managers’ income smoothing have a positive effect with informativeness of stock price and have negative effect with earning persistence. Furthermore, the research also found the managers’ income smoothing action always decreases earnings. Key Words : Income Smoothing, Pre-Discretionary Income, Future Earnings Response Coefficient, Earnings Persistence
| Item Type: | Article |
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| Subjects: | H Social Sciences > HB Economic Theory |
| Depositing User: | Admin Perpustakaan UNPAM |
| Date Deposited: | 10 Sep 2015 02:02 |
| Last Modified: | 02 Feb 2017 09:36 |
| URI: | http://repository.unpam.ac.id/id/eprint/391 |
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