Detail Inovasi Perguruan Tinggi


Tema: International Journal of Trade, Economics and Finance ISSN : 2010-023X Volume 4 Number 2, April 2013
Judul: The Influence of Earnings Management on Stock Return and the Role of Audit Quality as a Moderating Variable
Perguruan Tinggi: Universitas Widyatama
Jenis/sdm: dosen/0409076201

Tahun: 2013

This study aimed to examine the effect of earnings management on firm stock returns with audit quality as a moderating variable. Earnings management as measured by discretionary accruals estimated using the cross-sectional modified Jones (1991) model, audit quality is measured by the reputation of the auditor, Big 4 Audit Firm. The hypothesis of this study are: first, earnings management negatively affect stock returns; and the second there is effects of earnings management on stock return greater for companies audited by Big 4 Audit Firm compared with Non-Big 4 Audit Firm. Sample of study is manufacturing companies listed on the Indonesia Stock Exchange in 2010, as many 149 companies. Analysis model used multiple regression model. The results showed that earnings management negatively affect stock returns. Quality audit can strengthen the relationship negatively earnings management with stock return. The relationship negatively earnings management with stock return greater for companies audited by Big 4 Audit Firm compared with Non Big 4 Audit Firm. Audit Quality can moderate the relationship negatively earnings management with stock return.