EARNINGS RESPONSE COEFFICIENT (ERC): MARKET REACTION TO EARNINGS ANNOUNCEMENT

Paramita, Ratna Wijayanti Daniar and Rizal, Noviansyah and Kurniawan, Kurniawan (2016) EARNINGS RESPONSE COEFFICIENT (ERC): MARKET REACTION TO EARNINGS ANNOUNCEMENT. In: Proceeding of The 1st International Conference on Business, Economics, Socio culture and Tourism, 24 Agustus 2016, Universitas Semarang.

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Abstract

ABSTRACT This study Aimed to Obtain empirical evidence, examine and explain the factors (leverage, profitability, size and persistence) that Affect earnings response coefficient (ERC) with voluntary disclousure and timeliness as an intervening variable and its application in the financial statements at Manufacturing Companies listed in the Indonesia Stock Exchange from 2010 to 2014. Research on the relationship between stock returns with income to Determine the extent of Reviews their relationship are many who use earnings figures as the dependent variable regressed with stock returns as the independent variables are calculated by different methods. There are other methods that can be used to measure income, by using a variable Earning Response Coefficient (ERC) Plan for the data analysis in this study will be conducted using path analysis with apliksi Analisys of Moment Structure (AMOS) version 18. The results of the research there is influence persistence towards Earning Response Coefficient (ERC), but there is no influence of leverage, profitability, size, and voluntary tineliness disclousure towards Earning Response Coefficient (ERC). There is significant influence towards Voluntary Disclosure Leverage but the profitability of the voluntary disclousure did not show a significant effect. There is no effect on the profitability and timeliness of variable size, but the persistence of earnings against Timeliness Showed the opposite result. Voluntary disclousure and Timeliness an intervening variable for the effect of leverage, profitability, size and persistence of earnings. Keywords: Earning Response Coefficient (ERC), voluntary disclosure, timeliness

Item Type:	Conference or Workshop Item (Paper)
Subjects:	H Social Sciences > HB Economic Theory
Depositing User:	Mr rouf abdur
Date Deposited:	27 Apr 2021 07:43
Last Modified:	02 Jan 2023 06:41
URI:	http://repository.itbwigalumajang.ac.id/id/eprint/1050

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