Analisis Pengaruh Good Corporate Governance Manajemen Laba, Kinerja Operasi, Terhadap Harga Saham Penawaran Perdana(Studi Empiris pada Perusahaan Manufaktur di BEI)

HELEN WIGUNA(Pembimbing: Prof. Dr. Jogiyanto H.M., MBA.), Prof. Dr. Jogiyanto H.M., MBA.

2010 | Tesis | S2 Magister Accountancy

Penelitian ini bertujuan untuk memperoleh bukti empiris mengenai pengaruh Good

Corporate Governance melalui prinsip-prinsip pedoman umum Good Corporate Governance,

Manajemen Laba melalui Discretionary Accrual (DA) dan Kinerja Operasi melalui Return on

Equity (ROE) terhadap harga saham pada saat melakukan penawaran perdana.

Penelitian ini dilakukan terhadap 31 perusahaan manufaktur yang melakukan

penawaran saham perdana pada 1997-2007 melalui metode purposive sampling. Dari penelitian

ini menunjukan bahwa Good Corporate Governance memiliki pengaruh tidak langsung yang

signifikan melalui Manajelen Laba terhadap harga saham pada saat melakukan penawaran

perdana.

This research obtained empirical evidence about influencing Good

Corporate Governance through the principals of general guidelines for Good

Corporate Governance, Earning Management through the Discretionary Accrual

(DA), and Operating Performed by Return on Equity (ROE) to the stock price at

the time of Initial Public Offering (IPO).

This research was conducted on 31 manufacture companies performed

Initial Public Offering during 1997-2007, sample selected using purposive

sampling method. From this research indicated Good Corporate Governance has

a significant indirect effect through earning management on stock price at the

time of initial public offering.

Kata Kunci : Good Corporate Governance, Manajemen Laba, Kinerja Operasi, Penawaran Perdana