PENGARUH PRAKTIK PERATAAN LABA (INCOME SMOOTHING) TERHADAP ABNORMAL RETURN SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

NURUL AZIZAH AR RAHMINI

Abstract


Profit spread was a major practice by management to reduce profit fluctuation which hoped to have benefit influence for management performance. Profit spread exist since there were rational will from management to create optimum wealth. This motivation influenced the management to do profit spread.
The research limited on abnormal return since abnormal return was a price reaction in profit announcement at certain time. Abnormal return was the aggregate betwen the real returnand expectation return.
The research aimed to find out whether there were influenced of profit spread index to the abnormal return of LQ45 share listed in Indonesia Stock Exchange by using purposive sampling.
The research proved that there were no influence of profit spread to the abnormal return share. It showed that signal of company share by management was not used by investor.

Keywords


Laba; Abnormal Return Saham