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Journal > Jurnal Akuntansi > PENGARUH KANDUNGAN INFORMASI AMORTISASI GOODWILL DALAM LAPORAN KEUANGAN TERHADAP MARKET-ADJUSTED RETURN

 

Jurnal Akuntansi
##issue.vol## 15, ##issue.no## 1 (2011): Akuntansi No.1 Vol.15 2011
PENGARUH KANDUNGAN INFORMASI AMORTISASI GOODWILL DALAM LAPORAN KEUANGAN TERHADAP MARKET-ADJUSTED RETURN
Article Info   ABSTRACT
Published date:
05 Apr 2012
 
The purpose of this study is to evaluate the implication of goodwill amortization on investor’s decisions. This study also tries to evaluate the correlation of earnings and cash flow from operation in explaining market-adjusted return. Sample used in this research are 40 samples which consist of  8 companies in manufacturing business which was listing in BEI in the year of 2004-2008. Correlations and partial regressions are used to analyze the effect of information contents of goodwill amortization in financial statement to market-adjusted return. This is achieved by comparing the ability of earnings after goodwill amortization before extraordinary items, earnings before goodwill amortization and extraordinary items, and cash flow from operation in explaining market-adjusted return, with using goodwill as control variable. Test of probability value result of the research was done at α=0.05. The result shows that earnings and cash flow from operation haven’t correlation to market-adjustted return. Then, this study also finds that goodwill amortization isn’t give contribution to the market-adjusted return.
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