Market Reaction Due to Implementation on International Financial Reporting Standard (IFRS) on Public Listed Companies at LQ45

Proceedings of the Proceedings of the 1st International Conference on Finance Economics and Business, ICOFEB 2018, 12-13 November 2018, Lhokseumawe, Aceh, Indonesia Pub Date : 1900-01-01 DOI:10.4108/eai.12-11-2018.2288855

Murhaban Murhaban, M. Nur, I. Indrayani, S. Mulyati, Bintang Pratama

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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

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国际财务报告准则(IFRS)在LQ45上市公司实施的市场反应

本研究的目的是确定国际财务会计准则(IFRS)实施前后平均异常收益所反映的市场反应，以及国际财务会计准则(IFRS)实施前后累积平均异常收益所反映的市场反应。本研究对象为45家LQ45上市公司。抽样方法采用目的抽样法，共对41家企业进行抽样。本研究中使用的数据为二手数据。使用的分析方法是描述性统计，借助SPSS 18.0。本研究结果表明，国际财务会计准则(IFRS)实施前后平均异常收益所反映的市场反应为正反应，国际财务会计准则(IFRS)实施前后累积平均异常收益所反映的市场反应为正反应

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Proceedings of the Proceedings of the 1st International Conference on Finance Economics and Business, ICOFEB 2018, 12-13 November 2018, Lhokseumawe, Aceh, Indonesia

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