The Effect Of Earnings Management And Disclosure On Information AsymmetryJournal: International Journal of Scientific & Technology Research (Vol.2, No. 8)
Publication Date: 2013-08-25
Authors : MeilaniPurwanti; Aceng Kurniawan;
Page : 98-107
Keywords : Keywords Earnings management; Disclosure; Information Asymmetry;
ABSTRACT This research aims to provide empirical evidence about the effect of earnings management and disclosure on information asymmetry. This research was conducted using a population of public sector property companies real estate and building construction in Indonesia Stock Exchange. Samples were selected based on the following criteria 1 registered as property companies real estate and building construction 2 has a complete financial statement information 3 the financial statements are expressed in dollars and 4 have publish financial statements. Data analysis was conducted using data polled cross-section that includes 37 property companies real estate and building construction and financial statement. Earnings management is measured by working capital accruals measured by an index voluntary disclosure and information asymmetry measured by abnormal returns. Hypothesis testing is done using path analysis. The result provide empirical evidence that 1 earnings management does not affect the information asymmetry 2 disclosure and significant negative effect of the informationasymmetry 3 the total effect of earnings management and disclosure of the information asymmetry is at 78.
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