Research Article
Market Reaction Due to Implementation on International Financial Reporting Standard (IFRS) on Public Listed Companies at LQ45
@INPROCEEDINGS{10.4108/eai.12-11-2018.2288855, author={Murhaban Murhaban and M. Natsir Mahmud Nur and Indrayani Indrayani and Sri Mulyati and Bintang Pratama}, title={Market Reaction Due to Implementation on International Financial Reporting Standard (IFRS) on Public Listed Companies at LQ45}, proceedings={Proceedings of the 1st International Conference on Finance Economics and Business, ICOFEB 2018, 12-13 November 2018, Lhokseumawe, Aceh, Indonesia}, publisher={EAI}, proceedings_a={ICOFEB}, year={2019}, month={10}, keywords={average abnormal return cumulative average abnormal return and international accounting standard (ifrs)}, doi={10.4108/eai.12-11-2018.2288855} }- Murhaban Murhaban
M. Natsir Mahmud Nur
Indrayani Indrayani
Sri Mulyati
Bintang Pratama
Year: 2019
Market Reaction Due to Implementation on International Financial Reporting Standard (IFRS) on Public Listed Companies at LQ45
ICOFEB
EAI
DOI: 10.4108/eai.12-11-2018.2288855
Abstract
The perpose of this study to determine market reaction that reflected by average abnormal return before and after the implementation of International Financial Accounting Standard (IFRS) and market reaction that reflected by cumulative average abnormal return before and after the implementation of International Financial Accounting Standard (IFRS). The Population in this research are 45 Companies that listing LQ45. The sampling method used purposive sampling method with 41 Companies. The data that used in this research in secondary data. The analytical method that used is descriptive statistic with the help of SPSS 18.0. The result of this study indicate that market reaction that reflected by average abnormal return before and after the implementation of International Financial Accounting Standart (IFRS) has positive reaction and market reaction that reflected by cumulative average abnormal return before and after the implementation of international accounting standart (IFRS) has positive reaction.
