Jayanti, Cynthia (2013) The Influence Of Corporate Governance Mechanism To Abnormal Return (Empirical Study On Companies Listed On The Stock Exchange). Sarjana thesis, Universitas Brawijaya.
Abstract
Penelitian ini bertujuan untuk menguji pengaruh mekanisme corporate governance yang terdiri dari transparansi, kewajaran, akuntabilitas, dan responsibilitas terhadap reaksi pasar yang diproxikan dengan abnormal return. Penelitian ini menggunakan variabel kontrol unexpected earnings dan total arus kas. Populasi dalam penelitian ini adalah perusahaan-perusahaan sektor non keuangan yang terdaftar di Bursa Efek Jakarta tahun 2010. Pemilihan sampel dilakukan dengan menggunakan metode purposive sampling dan diperoleh sampel sebanyak 104 perusahaan go-public . Penelitian ini menggunakan data sekunder laporan tahunan perusahaan. Hasil Penelitian menunjukkan bahwa penerapan corporate governance mempunyai pengaruh yang signifikan terhadap abnormal return. Penelitian ini juga menunjukkan variabel kontrol total arus kas berpengaruh signifikan terhadap abnormal return . Namun penelitian ini tidak berhasil menunjukkan bahwa variabel kontrol unexpected earnings memiliki pengaruh yang signifikan terhadap abnormal return.
English Abstract
This study purpose to examining the influence of a corporate governance mechanism which consists of transparency, fairness, accountability, and responsibility to the market reaction that is proxied by abnormal return. This study applies variable control on unexpected earnings and total cash flow. Population in this study is a non-financial sector companies listed on the Jakarta Stock Exchange in 2010. The selection of samples applies purposive sampling method and sample obtained, is 104 go public companies. This study uses secondary data that is the companys annual report. The results of this study show that the implementation of corporate governance has a significant influence to abnormal returns. This study also presents the fact that variable control total cash flow gives significant influence to abnormal returns. However, this study fails to show that the variable control on unexpected earnings has a significant influence to abnormal returns.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FE/2013/199/051304988 |
| Subjects: | 600 Technology (Applied sciences) > 657 Accounting |
| Divisions: | Fakultas Ekonomi dan Bisnis > Akuntansi |
| Depositing User: | Endang Susworini |
| Date Deposited: | 28 May 2013 10:37 |
| Last Modified: | 18 Oct 2021 12:31 |
| URI: | http://repository.ub.ac.id/id/eprint/106608 |
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