Use of Interim Earnings Information on the Helsinki Stock Exchange

Abstract This research purposed to search empirical evidence danmenganalisis that this study has the effect of timeliness of financial statement reporting the reaction of investors to seek empirical evidence and analysis that this study has the effect of audit opinion, the reaction of investors to seek empirical evidence and analysis that this study has the effect of change of accounting firms publikterhadap investor reaction, to search for and analyze empirical evidence that this study has the effect of changes in accounting firm reputation publikterhadap investor reaction, to search for and analyze empirical evidence that this study has the effect of earnings information to the investor reaction.Samples were companies listed in Indonesia Stock Exchange during the years 2008-2012, obtained by purposive. The data analysis technique is a multiple linear regression analysis. Timeliness of research results is a significant effect on investor reactions, opinions no significant effect on investor reaction, switching significantly influence investors' reaction, change the reputation of KAP no significant effect on investor reaction, the EU does not significantly influence investor reaction. Abstrak Penelitian ini bertujuan untuk mencari bukti empiris danmenganalisis bahwa penelitian ini memiliki pengaruh ketepatan waktu pelaporan laporan keuangan terhadap reaksi investor, untuk mencari bukti empiris dan menganalisis bahwa penelitian ini memiliki pengaruh opini audit terhadap reaksi investor, untuk mencari bukti empiris dan menganalisis bahwa penelitian ini memiliki pengaruh pergantian kantor akuntan publikterhadap reaksi investor, untuk mencari bukti empiris dan menganalisis bahwa penelitian ini memiliki pengaruh perubahan reputasi kantor akuntan publikterhadap reaksi investor, untuk mencari bukti empiris dan menganalisis bahwa penelitian ini memiliki pengaruh informasi laba terhadap reaksi investor.Sampel penelitian adalah perusahaan yang terdaftar di Bursa Efek Indonesia selama tahun 2008-2012, yang diperoleh secara purposive. Teknik analisis data adalah analisis regresi linier berganda. Hasil penelitian adalahTimelinessberpengaruh signifikan terhadap reaksi investor, opinitidak berpengaruh signifikan terhadap reaksi investor, switching berpengaruh signifikan terhadap reaksi investor, perubahan reputasi KAPtidak berpengaruh signifikan terhadap reaksi investor, UE tidak berpengaruh signifikan terhadap reaksi investor.

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PROFITABILITAS PERUSAHAAN TERHADAP PRAKTIK PERATAAN LABA (INCOME SMOOTHING) PADA PERUSAHAAN MANUFAKTUR DI INDONESIA (Studi Empris pada Perusahaan Manufaktur yang Go Publik yang terdaftar di BEI periode 2013-2015)

JURNAL PUNDI ◽

10.31575/jp.v1i2.31 ◽

2017 ◽

Vol 1 (2) ◽

Author(s):

Mike Kusuma Dewi

Keyword(s):

Regression Analysis ◽

Stock Exchange ◽

Financial Statements ◽

Income Smoothing ◽

Economic Conditions ◽

Earnings Information ◽

Business Entities ◽

A Company ◽

Test Result ◽

Valid Information

In earnings information companies can be used to assess the performance of management, and can also to estimate the risk in investing in a company. Investors often focus their attention on earnings information without seeing the procedures used to generate earnings information will encourage the company's management to take income smoothing action. Hopefully the information provided in the financial statements is valid information, relevant and reliable for users of financial statements. In reality there is no denying that there are still companies that indicate the practice of income smoothing. The purpose of this study is to determine the effect of ROE and NPM on the practice of income smoothing on manufacturing entities that have Go Public listed on the Indonesia Stock Exchange This study used a sample of 35 business entities that have Go Public period 2013-2015. The research hypothesis used Multiple Regression Analysis using SPSS Ver.data processing tool 16. The test result showed that ROE and NPM there is no significant influence to earnings smoothing practice. And in fact until 2015 where the good economic conditions do not affect management to implement the practice of income smoothing. Key words : ROE, NPM, Income smoothing

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PENGARUH INFORMASI LABA TERHADAP REAKSI PASAR DENGAN MANAJEMEN LABA RIIL DAN MANAJEMEN LABA AKRUAL SEBAGAI VARIABEL MODERASI

Jurnal Akuntansi ◽

10.25170/jara.v13i1.485 ◽

2019 ◽

Vol 13 (1) ◽

pp. 1-23

Author(s):

Santi Santi ◽

Kurniawati Kurniawati

Keyword(s):

Earnings Management ◽

Market Reaction ◽

Stock Exchange ◽

Real Earnings Management ◽

Manufacturing Companies ◽

Statistical Tool ◽

Significance Level ◽

Moderating Variables ◽

Earnings Information ◽

Final Sample

This study aims to investigate the effect of earnings information on market reaction with accrual and real earnings management as the moderating variables. The sample of this study is manufacturing companies listed in the Indonesia Stock Exchange in 2012-2015. Samples are collected by purposive sampling and resulted in 58 companies as the final sample. Data were analyzed using Moderated Regression Analysis (MRA) for testing hypothesis with significance level 5%. The statistical tool used is SPSS 22. The results of this study shown that market reacts positively significant toward earnings management and real earnings management in aggregate weaken the effect of earnings information toward market reaction. Real earnings management through discretionary expenses strengthen the effect of earnings information toward market reaction. Meanwhile, real earnings management through sales manipulation and overproduction, and accrual earnings management do not moderate the effect of earnings information toward market reaction.

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News Sentiment Incorporation in Real-Time Trading

Journal of Global Information Management ◽

10.4018/jgim.2018100102 ◽

2018 ◽

Vol 26 (4) ◽

pp. 18-35

Author(s):

Arodh Lal Karn ◽

YE Qiang ◽

Rakshha Kumari Karna ◽

Xiaolin Wang

Keyword(s):

Stock Price ◽

Stock Exchange ◽

Price Change ◽

Economic Science ◽

Change Strategies ◽

Technical Approach ◽

For Profit ◽

Helsinki Stock Exchange ◽

Event Based ◽

News Sentiment

This article describes how machines are the new breed of traders as news sentiment arrivals drive the stock price change. Strategies are the technical approach to search for profit from event-based speculations. This paper revisits these topics in a novel way and first uncovers distinctive characteristics of high frequency trading in Helsinki stock exchange insinuating the impression on positive recovers of event trading. Here is a better prediction by the incorporation of news on returns that proposed event trading strategy has significant effects on Finnish stock. This article contributes to the con temporarily embarked, upgrading form of practical paperwork on the take of news events in high economic science.

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Autocorrelation of the trade process: Evidence from the Helsinki Stock Exchange

The Quarterly Review of Economics and Finance ◽

10.1016/j.qref.2010.03.007 ◽

2010 ◽

Vol 50 (4) ◽

pp. 538-547 ◽

Cited By ~ 3

Author(s):

Bernard Ben Sita

Keyword(s):

Stock Exchange ◽

Helsinki Stock Exchange

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Helsinki Stock Exchange at the Beginning of 20th Century: the Experience of Statistical Analysis of Stock Exchange Indexes

Istoriya ◽

10.18254/s0001254-8-1 ◽

2015 ◽

Vol 6 (8) ◽

Author(s):

Daria Anisimova

Keyword(s):

Statistical Analysis ◽

20Th Century ◽

Stock Exchange ◽

Helsinki Stock Exchange

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Refleksi Perataan Laba terhadap Respon Pasar

Journal of Research and Applications Accounting and Management ◽

10.18382/jraam.v2i2.180 ◽

2017 ◽

Vol 2 (2) ◽

pp. 129

Author(s):

Ratna Wijayanti Daniar Paramita

Keyword(s):

Voluntary Disclosure ◽

Stock Exchange ◽

Secondary Data ◽

Income Smoothing ◽

Market Response ◽

Manufacturing Companies ◽

Earnings Response Coefficient ◽

Earnings Information ◽

Response Coefficient ◽

Earnings Response

AbstractThe purpose of this study is to obtain empirical evidence, examine and explain the effect of companies that implement income smoothing towards the market response, with voluntary disclosure as moderating variables. This study uses the secondary data of 143 manufacturing companies that go public in BEI (Indonesian Stock Exchange) during 2011-2015. This research variables include income smoothing as an independent variable, the market response is proxies by Earnings Response Coefficient (ERC) as the dependent variable and voluntary disclosure is moderating variable. The data analysis methods is regression with single moderating variable. The study finds that income smoothing affects the market response both individually and partially. The results also reveal that earnings information delivered on the date of the announcement was responded positively by investors. However, the presentation of the full report in the form of voluntary disclosure actually reduces the market response to earnings at the date of announcement.AbstrakTujuan penelitian ini adalah untuk memperoleh bukti empirik, menguji dan menjelaskan pengaruh perusahaan yang melakukan income smoothing terhadap respon pasar dengan voluntary disclosure sebagai variabel pemoderasi pada perusahaan manufaktur yang go public di BEI tahun 2011-2015 sebanyak 143 perusahaan. Variable penelitian ini income smoothing sebagai variabel bebas, respon pasar diproksikan dengan Earnings Response Coefficient (ERC) sebagai variabel terikat dan voluntary disclosure adalah variabel moderasi. Metode analisis data menggunakan regresi dengan variabel moderasi tunggal. Income smoothing secara individu dan parsial berpengaruh terhadap respon pasar. Laba yang disampaikan pada tanggal pengumuman direspon positif oleh investor. Namun demikian penyajian laporan secara lengkap dalam bentuk voluntary disclosure justru mengurangi respon pasar terhadap laba pada tanggal pengumuman.

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