MANAJEMEN LABA BERBASIS AKRUAL DAN AKTIVITAS RIIL DI SEKITAR PELAKSANAAN SEASONED EQUITY OFFERING DAN PENGARUHNYA TERHADAP KINERJA PERUSAHAAN STUDI EMPIRIS PADA PERUSAHAAN YANG MELAKUKAN SEO DI BURSA EFEK INDONESIA TAHUN 2005 � 2009

• Main Authors: , ALFIAH HUSNA, , WIWIN RAHMANTI, S.E., M.Com.
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2013
• Subjects: ETD
• Online Access: https://repository.ugm.ac.id/121064/; http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=61111
• Institution: Universitas Gadjah Mada

The objective of this research is to detect earnings management through accruals and real activities around seasoned equity offering and its effect on firm�s financial performance which is listed in Bursa Efek Indonesia over the 2005-2009 period. This research adopt the methods of collecting and computation from the previous researcher. Accrual earnings management is proxied by discretionary accrual while real activities are proxied by sales management activities, increased production, and reduction of discretionary expenses. The results show that companies tend to conduct earnings management around seasoned equity offering, increase their production and reduce the discretionary cost around seasoned equity offering. From the regression result, the accrual based negatively affect the performance of the company and cause performance degradation. The increase of their production negatively affect the performance and significantly affect their company performance. This indicates the increasing level of production seems consistent with opportunistic view that cause performance degradation.