HUBUNGAN MANAJEMEN LABA PADA SAAT INITIAL PUBLIC OFFERING (IPO) DENGAN KINERJA SAHAM PERUSAHAAN SETELAH IPO

Main Author: Wahyuni, Endang Dwi; Fakultas Ekonomi & Bisnis Universitas Muhammadiyah Malang
Format: Article info eJournal
Bahasa: eng
Terbitan: Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Malang
Subjects:
Online Access: http://ejournal.umm.ac.id/index.php/jeb/article/view/jekobisnis.v6i2.3257
Daftar Isi:
  • This study was conducted to describe the earnings management practices of the company that did an IPO (Initial Public Offering) in Indonesia, and correlate earning management practices that did an IPO and stock performance after IPO. This study uses secondary data of financial statements that did an IPO, and stock price after IPO. Based on the criteria specified there are 54 companies that meet the criteria. Methods of data analysis using descriptive statistical analysis and correlation test to find the relationship earnings management practices prior to IPO stock performance after IPO. Results showed that 54 firms that did an IPO in 2010-2013, all of them have management practices. 72% decrease in profits and 28% of companies with profit increase. Based on the correlation test, the practice of earnings management before IPO negatively correlated to stocks performance after IPO