EXCHANGES RATES, STOCK PRICES AND EARNING MANAGEMENT: EMPIRICAL EVIDENCE OF BLUE-CHIP COMPANIES IN SOUTHEAST ASIA
Martdian Sari -
Sekolah Tinggi Manajemen PPM , & , &
Meliyanti Meliyanti -
Sekolah Tinggi Manajemen PPM , & , &
Abstract
Stock price is an important part of fundings in a company. On the other hand, this component is very dependent on the macro situation of the company which will affect the management-decision-making. This reflects that management’s actions manage corporate earnings are not based on internal source but also from the external factors. This study discusses about external factors that can affect management’s action is the exchange rate. This research has a purpose to analyze the impact of exhange rate to earning management by using stock price as intervening variable. This research used secondary data. The population in this study are Top Asean Stars blue-chip companies from various industry sectors contained in Asean Exchanges 2015-2017. The population in this study comes from 3 ASEAN countries namely Indonesia, Malaysia and Singapore. The sample are selected using purposive sampling method and there are 161 companies that meet the criteria of the sample. The method used for earning management’s calculation is Modified Jones Model. This study used multiple linear regression methods and path analysis. The results showed that stock prices is not an intervening variable for exchanges rate on earning management.Â
Gunawan, Jeffrey Lingga. (2017). Pengaruh Inflasi, Suku Bunga Sbi, Pdb Dan Nilai Tukar Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia Tahun 2000-2014. Indonesia: Universitas MaChung
Hartono, Jogianto. (1998). Teori Portofolio dan Analisis Investasr, Edisi Pertama, PT.BPFE. Yogyakarta
Hermawan. (1999). Analisis Faktor-faktor yang Berasosiasi dengan Prilaku Income Smoothing oleh Perusahaan Publik yang Terdaftar di Bursa Efek Jakarta. Indonesia, Yogyakarta.
Lestari, Mia Puji. (2016). Pengaruh Faktor Internal dan Faktor Eksternal terhadap Harga Saham Perusahaan Pada Indeks LQ45. Indonesia, Surabaya: Jurnal Ilmu Mnajamenen, Fakultas Ekonomi Universitas Negeri Surabaya
Maryanne, Donna Menina Della. (2009).Pengaruh Nilai Tukar Rupiah, Suku Bunga SBI, Volume Perdagangan Saham, Inflasi dan Beta Saham Terhadap Harga Saham (Studi Empiris pada Perusahaan Sektor Perbankan Di Bursa Efek Indonesia Periode 2004 - 2007), Tesis. Indonesia: Magister Manajemen, Universitas Diponegoro
Primanita dan Setiono. (2006). Manajemen Laba: Konsep, Bukti Empiris dan Implikasinya. Indonesia: Jurnal Ekonomi, Sinergi Vol.8 No.1
Zen, Sri Daryanti dan Herman, Merry. (2007). Pengaruh Harga Saham, Umur Perusahaan, dan Rasio Profitabilitas Perusahaan Terhadap Tindakan Perataan Laba Yang Dilakukan Oleh Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Jakarta. Indonesia: Jurnal Akuntansi dan Manajemen Vol.2 No.2 Desember
How to cite (IEEE):
M. Sari, & M. Meliyanti
"EXCHANGES RATES, STOCK PRICES AND EARNING MANAGEMENT: EMPIRICAL EVIDENCE OF BLUE-CHIP COMPANIES IN SOUTHEAST ASIA," Journal of Management and Business Review, vol. 16, no. 2, , pp. 208-222, Jan. 2020.
https://doi.org/10.34149/jmbr.v16i2.164
How to cite (APA):
Sari, M., & Meliyanti, M.
(2020).
EXCHANGES RATES, STOCK PRICES AND EARNING MANAGEMENT: EMPIRICAL EVIDENCE OF BLUE-CHIP COMPANIES IN SOUTHEAST ASIA.
Journal of Management and Business Review, 16(2), 208-222.
https://doi.org/10.34149/jmbr.v16i2.164
How to cite (Chicago):
Sari, Martdian, AND Meliyanti, Meliyanti.
"EXCHANGES RATES, STOCK PRICES AND EARNING MANAGEMENT: EMPIRICAL EVIDENCE OF BLUE-CHIP COMPANIES IN SOUTHEAST ASIA" Journal of Management and Business Review [Online], Volume 16 Number 2 (31 January 2020)
https://doi.org/10.34149/jmbr.v16i2.164
How to cite (Vancouver):
Sari M, & Meliyanti M .
EXCHANGES RATES, STOCK PRICES AND EARNING MANAGEMENT: EMPIRICAL EVIDENCE OF BLUE-CHIP COMPANIES IN SOUTHEAST ASIA.
Journal of Management and Business Review [Online]. 2020 Jan;
16(2):208-222.
https://doi.org/10.34149/jmbr.v16i2.164
How to cite (Harvard):
Sari, M., & Meliyanti, M.
,2020.
EXCHANGES RATES, STOCK PRICES AND EARNING MANAGEMENT: EMPIRICAL EVIDENCE OF BLUE-CHIP COMPANIES IN SOUTHEAST ASIA.
Journal of Management and Business Review, [Online] 16(2), pp. 208-222.
https://doi.org/10.34149/jmbr.v16i2.164
How to cite (MLA8):
Sari, Martdian, & Meliyanti Meliyanti.
"EXCHANGES RATES, STOCK PRICES AND EARNING MANAGEMENT: EMPIRICAL EVIDENCE OF BLUE-CHIP COMPANIES IN SOUTHEAST ASIA." Journal of Management and Business Review [Online], 16.2 (2019): 208-222. Web. 18 Apr. 2024
, https://doi.org/10.34149/jmbr.v16i2.164
BibTex Citation Data :
@article{jmbr164,
author = {Martdian Sari and Meliyanti Meliyanti},
title = {EXCHANGES RATES, STOCK PRICES AND EARNING MANAGEMENT: EMPIRICAL EVIDENCE OF BLUE-CHIP COMPANIES IN SOUTHEAST ASIA},
journal = {Journal of Management and Business Review},
volume = {16},
number = {2},
year = {2020},
keywords = {Earning Management, Exchange Rate, Stock Prices, Asean},
abstract = {Stock price is an important part of fundings in a company. On the other hand, this component is very dependent on the macro situation of the company which will affect the management-decision-making. This reflects that management’s actions manage corporate earnings are not based on internal source but also from the external factors. This study discusses about external factors that can affect management’s action is the exchange rate. This research has a purpose to analyze the impact of exhange rate to earning management by using stock price as intervening variable. This research used secondary data. The population in this study are Top Asean Stars blue-chip companies from various industry sectors contained in Asean Exchanges 2015-2017. The population in this study comes from 3 ASEAN countries namely Indonesia, Malaysia and Singapore. The sample are selected using purposive sampling method and there are 161 companies that meet the criteria of the sample. The method used for earning management’s calculation is Modified Jones Model. This study used multiple linear regression methods and path analysis. The results showed that stock prices is not an intervening variable for exchanges rate on earning management. },
issn = {2503-0736}, pages = {208--222}, doi = {10.34149/jmbr.v16i2.164},
url = {https://jmbr.ppm-school.ac.id/index.php/jmbr/article/view/164}
}
Refworks Citation Data :
@article{{jmbr}{164},
author = {Sari, M., Meliyanti, M.},
title = {EXCHANGES RATES, STOCK PRICES AND EARNING MANAGEMENT: EMPIRICAL EVIDENCE OF BLUE-CHIP COMPANIES IN SOUTHEAST ASIA},
journal = {Journal of Management and Business Review},
volume = {16},
number = {2},
year = {2020},
doi = {10.34149/jmbr.v16i2.164},
url = {}
}
Citation Format:
Indexing
JMBR Editorial Office: PPM School of Management, Jl. Menteng Raya 9-19 Jakarta 10340 Phone: 021-2300313 ext 2354
