Analisis pengaruh GCG, manajemen laba, kinerja operasi terhadap harga saham IPO

WIGUNA, Helen, Prof. Dr. Jogiyanto HM, MBA

2010 | Tesis | S2 Magister Akuntansi

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,Earning Management, Operating Performance, Initial Public Offering