Pengaruh Pengungkapan Prinsip-prinsip Good Corporate Governance dan Informasi Indonesia Sustainability Reporting Award (ISRA) terhadap Reaksi Investor (Studi Empiris pada Perusahaan yang Terdaftar di

Wulandari, ElisabethRosiana (2011) Pengaruh Pengungkapan Prinsip-prinsip Good Corporate Governance dan Informasi Indonesia Sustainability Reporting Award (ISRA) terhadap Reaksi Investor (Studi Empiris pada Perusahaan yang Terdaftar di. Magister thesis, Universitas Brawijaya.

Abstract

Penelitian ini bertujuan untuk menguji sejauhmana pengungkapan prinsip-prinsip Good Corporate Governance dan informasi Indonesia Sustainability Reporting Award (ISRA) berpengaruh terhadap reaksi investor di pasar modal. Reaksi investor diproksikan dengan adanya Cumulative Abnormal Return (CAR) di sekitar tanggal publikasi laporan tahunan. Variabel independen yang merupakan prinsip-prinsip Good Corporate Governance dan diuji dalam penelitian ini antara lain transparansi, kewajaran, akuntabilitas, responsibilitas, serta informasi perusahaan yang memperoleh penghargaan ISRA. Tiga variabel kontrol yang digunakan, yaitu unexpected earnings , total arus kas, dan resiko sistematik saham (beta). Pengujian dilakukan terhadap 85 perusahaan yang termasuk dalam Indeks Kompas 100. Hasil pengujian menunjukkan bahwa: (1) secara simultan, variabel transparansi, kewajaran, akuntabilitas, responsibilitas, informasi ISRA, unexpected earnings , total arus kas, dan resiko sistematik saham (beta) berpengaruh terhadap Cumulative Abnormal Return (CAR). (2) Secara parsial, variabel kewajaran dan unexpected earnings berpengaruh signifikan terhadap Cumulative Abnormal Return (CAR).

English Abstract

aim of this research is to understand how Good Corporate Governance and Information of Indonesia Sustainability Reporting Award (ISRA) affect investor`s reaction in capital market. Investor`s reaction is measured by Cumulative Abnormal Return (CAR), which was happened around time of annual report publication. independent variables are transparancy, fairness, accountability, responsibility and information of Indonesia Sustainability Reporting Award (ISRA). Three control variables are unexpected earnings , total of cash flow, and beta. This research was done to 85 companies which were listed in Indeks Kompas 100. result shows that,: 1) simultaneously, transparancy, fairness, accountability, responsibility, Information of Indonesia Sustainability Reporting Award (ISRA), unexpected earnings , total of cash flow, and beta affect Cumulative Abnormal Return (CAR). (2) Partially, fairness and unexpected earnings affect significantly to Cumulative Abnormal Return (CAR).

Item Type: Thesis (Magister)
Identification Number: TES/658.4/WUL/p/041104541
Subjects: 600 Technology (Applied sciences) > 658 General management > 658.4 Executive management
Divisions: S2/S3 > Magister Akuntansi, Fakultas Ekonomi dan Bisnis
Depositing User: Endro Setyobudi
Date Deposited: 24 Oct 2011 18:13
Last Modified: 24 Oct 2011 18:13
URI: http://repository.ub.ac.id/id/eprint/159593
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