Deteksi Manajemen Laba Menggunakan Classification Shifting: Pengujian Dengan Core Earnings, Operasi yang Dihentikan, dan Special Items dan Pengaruhnya Terhadap Return Saham Perusahaan

Abstract

This research aims to detect earnings management through classification shifting by classifying core expenses as discontinued operation or special items to increase core earnings. This research also aimed to examine the effect of earnings management on firm stock return. Sample of this research are obtained with purposive sampling from all manufactured companies listed in Indonesia Stock Exchange from 2012 until 2016. Final samples are 40 observation from 2014 until 2015 and analysis data using multiple regression. Result showed that discontinued operations and special items are associated with unexpected core earnings. Discontinued operation and special items in current year are also assosiated with unexpected change in core earnings in the following year. Earnings management negatively affect stock return.