Rudiawarni, Felizia Arni and Sulistiawan, Dedhy and Feliana, Yie Ke (2017) When is earnings management really good news? Evidences from Indonesia. International Journal of Trade and Global Markets, 10 (1). pp. 47-57. ISSN 1742-755X (online) 1742-7541 (print)
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Abstract
Abstract: This study aims to examine the impact of earnings management and stock return. The magnitude of accruals and operating cash flows are the important feature that we add to this study. This feature gives deeper analysis of how earnings management affects stock return. We use Indonesian data from 2011 to 2013 as our sample. Three earnings management models are applied for this research: (1) Jones, (2) Modified Jones and (3) Kaznik model. We find that discretionary accruals cannot explain stock return, but after considering the magnitude of accruals and operating cash flow the result is different. Discretionary accruals affect stock return positively, only when accruals are higher than operating cash flow. These findings contribute to earnings management and market-based accounting researches.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | earnings management; accruals; return |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economic > Department of Accounting |
| Depositing User: | Felizia Arni Rudiawarni 31129 |
| Date Deposited: | 27 Jan 2020 02:10 |
| Last Modified: | 24 Mar 2021 16:21 |
| URI: | http://repository.ubaya.ac.id/id/eprint/37136 |
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