Reaksi volume perdagangan seputar pengumuman lab komprehensif: analisis dampak berlakunya PSAK I (Revisi 2009)

Deskripsi

This study investigates the effect of PSAK 1 (Revised 2009) on trading volume reaction around 2011 yearly earning announcements. PSAK 1 (Revised 2009) requires companies to present bottom-line income as Comprehensive Income, a number that reflect equity?s changes of a business entreprise during a period from transactions and other events and circumstances from non-owner sources. Sample consist of 44 companies, taken from LQ45 index for periode February until August 2012, with total observations of 88 earning announcements. The evidence suggests that earning announcement which uses earning figure in form of Comprehensive Income, has higher information content than earning figure which presented as Net Income. Ada tabel