Analisis Perbedaan Reaksi pasar dan Risiko Investasi Antara Perusahaan Yang Melakukan perataan Laba dan perusahaan yang Tidak Melakukan perataan Laba di Bursa Efek Jakarta Pasca Krisis Moneter di Indonesia

(1)

{k

20$3

LP"

20$6

}gF,A

(2)

Laporan Penelitian

Dana DIPA _{Universitas Jember}

Analisis

Perbedaan Reaksi pasar dan

Risiko

rnvestasi

Antara

Perusahaan Yang

Melakukan

perataan

Laba

dan perusahaan

yang

Tidak Melakukan

perataan

Laba di

Bursa Efek

Jakarta

Pasca

Krisis Moneter di

Indonesia

Oleh

Novi

Wulandari

W, SE,

Ak.

Taufik Kurrohman,

S.E.,

Ak

(Jurusan Akuntansi _Fakurtas_{Ekonomi universitas}_Jember)

ASAL TERIMA

f"JO

INDUi(

:

KLA,S

ZIT

wrlt-A

;i11 [, ;At"{

i

PEMBELIAN

DEPARTEMEN

PENDIDIKAN NASIONAL

UNIVERSITAS

JEMBER

LEMBAGA PENELITIAN TAHUN

2006

Dilaksanakan berdasarkan

Surat

Keputusan

Rektor

universitas

Jember

No.3277r125/pp.9/2006

_{tangg ar}

22

Mei

(3)

HALAMAN

PENGESAIIAN

2. J.

l.

a. Judul Penelitian

Bidang

llmu

Ketua peneliti

a.

Nama Lengkap

b.

Jenis Kelamin

c.

NIP

d.

Disiplin Ilmu

e.

Golongan Pangkat

f.

Jabatan Struktural

g.

Fakultas/ Program Studi

h.

Alamat

i.

Telp / Fax / email

j.

Alamat Rumah

k.

Telp / Fax / email

Jumlah Anggota Peneliti Nama Lengkap dan Gelar Lokasi Penelitian

Biaya yang Diperlukan

Analisis Perbedaan Reaksi pasar dan

Risiko Investasi Antara perusahaan yang

Melakukan Perataan Laba dan

Perusahaan _{yang Tidak Melakukan} Perataan _{Laba di Bursa Efek}_Jakarta

Pasca Krisis Moneter di Indonesia Ekonomi

Novi Wulandari

Perempuan 132 _{309 816}

Ekonomi/ Manaje

w,

sE., Ak.

Akuntansi Keuangan

IIIa / Asisten

Ahli

1%qdffiBi*.%a*

l-,r_*-"%

f

$',{i

"',,

KcLElistr

f

Eitu,

'

;;:i;,1#",:il:l^-Jl. Jawa no 17 Jember

4.

0331-332150

Jl. Danau Toba

VIV2l8

0331-332968

I

orang

Taufik Kurrohman, SE,

Ak

Indonesia

Rp.5.00C.000,00

Jember, I

I

November 2006

5.

6.

r;rKff',#aH!

o'^ s/t Lv

^.iS\

y

1t{r174sg6o$-7

a Lembaga Penelitian EN

,$

${

{'t'i

-\,

-4

I //q.*. i 3_(_qrq

ta.

<z\

_i-

4-,s")

i;qi

T<^qd

c 7 \-;::

'rhP

(4)

ABSTRACT

This

research

wa.r

intended

to

examine

the dffirences

between the

componies performance

with

_{income smoothing and}

witiiut

_{income smoothing.}

The _{performances were meosured by Ecket}

Indix.

_The_{variable were measuredln}

this

research

ri

cumulative Abnormal

Return (cAR)

and

Risk

_(standart

Deviation). _{This Research is motivated by the result}_of_{Mas'ud Mahfoedz}

(lggl)

and

many

researches

which

stoted

thot there

ai

many

corporates make

management earnings

with

income smoothing,

it

can make the

fiiancial

report good looking even that's not true.

The historical data's used in _{this research were}_takenfrom_{,Iakarta stock} Exchange

dato during

1999

until

₂₀₀₅

which

were selicted

by

purposive sampling technique. There was a

null

hypotheses _{which was}_tested.

It

_{was stated}

that there is no dffirences market

reociin

between comparnies performance with

iycong

sntoothing arul without _{income smoothing}_afte)

Indonesia crisis.

_The

hypotheses was tested by T paired sample _test.

The result showed that no

dffirences

_{market reaction}_between_companies performance

with

income smoothing _{and without}_{income smoothing}

in

tie

first

and

second observation.

But

hwe

significant

dffirences

betwein

co*piri"s

performance

utith

incom_e _smoothing

ind

withotii

_{income smoothing}

in

third