PENGARUH REPUTASI PENJAMIN EMISI TERHADAP PENGELOLAAN LABA PADA PENAWARAN UMUM PERDANA SAHAM DI BURSA EFEK INDONESIA
Abstract: This research
investigates the affects of underwriter reputation on the earnings management
practice in the period of Initial Public Offering (IPO). This research is held
to find out the empirical evidence in
order to reply
the three main
problems exist. Firstly,
do managers opportunistically manage earnings in the period of IPO?
Secondly, how is the pattern of earnings management in the period of IPO? and
thirdly, do underwriters
with good reputation
can lessen the
existence of earnings management practice in the period of
IPO? In this research earnings management is measured by discretionary accruals
( Dechow model,1995). Using a sample of 43 IPO’s over four-year period (2007-2010),
we find that in the period of IPO, managers have manage earnings and the
pattern of the earnings management is
income increasing. Differ
from result of
previous research ,
we find that underwriter reputation is
insignificantly influence earnings management practice in the period of IPO.
Keyword: initial
public offering, underwriter
reputation, earnings management,
discretionary accruals
Penulis: Sabar Warsini, Aminah
Kode Jurnal: jpakuntansidd110195
