PENGARUH WAKTU PENYAMPAIAN LAPORAN KEUANGAN TERHADAP RETURN SAHAM YANG DIMODERASI OLEH KUALITAS KAP
ABSTRACT: The purpose of this
research is to examine the effect of timeliness of financial statement on stock
return. Other purpose of this research is to examine whether adding quality of
public accounting firm as a moderator variable affects the relationship between
timeliness of financial statement on stock return. This research used the
number of data was 440 observations. The companies sample used in this research
consisted of manufacture companies which listing in the Indonesian Stock
Exchange from 2005 until 2009 and included in ICMD from 2006 until 2010. Data
analysis used multiple regressions for the first hypotheses and analysis of
variance for the second and third hypotheses. A classic assumptions examination
that consist of data normality test, multicolinearity test, autocorrelation test
and heteroskedasticity test is also being done to test the data. Based on the
result of examination using multiple regressions, the first hypotheses stated
timeliness of financial statement affects on stock return was supported
simultaneously. Test results using one-way Anova supported the second
hypotheses that there is differences stock return significantly on the
companies which conveyed financial statement in time, on time, and out time.
Results of post hoc test indicated that the
companies which conveyed
financial statement in time have
the best return mean between three time categories. The result of examination
for the third hypotheses using two-way Anova with interaction found that the
third hypotheses were not supported. It means that there is any influence of
interaction between differences timeliness of financial statement and quality of
public accounting firms on stock return.
Penulis: Ika Dwi Trisnawati
Kode Jurnal: jpmanajemendd140521
