Sulistiawan, Dedhy and Rudiawarni, Felizia Arni (2017) Do accrual minimise (maximise) stock risk (return)?: evidence from Indonesia. International Journal of Globalisation and Small Business, 9 (1). pp. 20-28.
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Abstract
This study investigates the ability of accruals as earnings component to explain stock risk and its return. We believe managers use accruals to maximise firms' value through minimising stock risk and maximising stock return. Using Indonesian data, we find a negative relation between total accruals to stock risk, especially for loss and small firms. We also present a positive relation between total accruals to abnormal return, particularly in profit and large firms. Those phenomena indicate that investors use higher accruals to produce lower stock risk and higher abnormal return. This study contributes to market-based accounting research.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | abnormal return; accruals; stock risk |
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economic > Department of Accounting |
| Depositing User: | Dedhy Sulistyawan 31116 |
| Date Deposited: | 30 Aug 2017 08:18 |
| Last Modified: | 24 Mar 2021 16:21 |
| URI: | http://repository.ubaya.ac.id/id/eprint/30634 |
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