THE INFORMATION CONTENT OF FINANCIAL INFORMATION UNDER PSAK 24 (2010) (Evidence from Manufacturing Firms Listed on Indonesian Stock Exchange)
\" \" This study examines the information content of financial information in the initial adoption of PSAK 24 year 2010. Using the sample of 35 manufacturing firms with the fiscal year ending on December 31, 2011 and 2012, this study performs a simple event study to measures the informatio...
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| Main Authors: | , |
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| Format: | Theses and Dissertations NonPeerReviewed |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2013
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| Subjects: | |
| Online Access: | https://repository.ugm.ac.id/127605/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=67868 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | \"
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This study examines the information content of financial information in
the initial adoption of PSAK 24 year 2010. Using the sample of 35 manufacturing
firms with the fiscal year ending on December 31, 2011 and 2012, this study
performs a simple event study to measures the information content of new
financial information. Metric explanation using cross section linear regression
examines the extent of financial information under PSAK 24 (2010) influence
cumulative abnormal return. The results indicate that there is a significant
abnormal return during the event window of the financial information
announcement date. This study finds the financial information under PSAK 24
(2010) have greater information content than financial information under PSAK
24 (2004). The cross sectional analysis finds evidence that the abnormal return is
associated with financial information under PSAK 24 (2010). |
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