Bunga Maharani*
Universitas Jember, Indonesia
Yehezkiel Geoffrey
Universitas Jember, Indonesia
Nining Ika Wahyuni
Universitas Jember, Indonesia
DOI: https://doi.org/10.19184/jauj.v21i1.40328
ABSTRACT
This study aimed to investigate whether there is a difference in abnormal returns of BUMN (State-Owned Enterprises) stock prices before and after the issuance of financial report restatements. The data for this study was obtained from secondary sources, specifically the share price data of state-owned companies listed on the Indonesia Stock Exchange. The analysis focused on the 5-day period before the issuance of the restated financial reports and the 5-day period after. The sample selection employed purposive sampling, and the data were analyzed using the Wilcoxon Signed Rank Test in SPSS. The findings of this study indicate that the incident of financial report restatement by PT Garuda Indonesia (Persero), Tbk did not result in any significant differences in the share prices of BUMN companies listed on the Indonesia Stock Exchange.
Keywords: Abnormal return, Financial report restatement, Market reaction
ABSTRAK
Penelitian ini bertujuan untuk mengetahui apakah terdapat perbedaan abnormal return harga saham BUMN (Badan Usaha Milik Negara) sebelum dan sesudah penerbitan restatement laporan keuangan. Data untuk penelitian ini diperoleh dari sumber sekunder, yaitu data harga saham perusahaan milik negara yang terdaftar di Bursa Efek Indonesia. Analisis difokuskan pada periode 5 hari sebelum penerbitan laporan keuangan yang disajikan kembali dan periode 5 hari sesudahnya. Pemilihan sampel menggunakan purposive sampling, dan data dianalisis menggunakan Wilcoxon Signed Rank Test dengan SPSS. Temuan penelitian ini menunjukkan bahwa peristiwa restatement laporan keuangan oleh PT Garuda Indonesia (Persero) Tbk tidak mengakibatkan perbedaan yang signifikan pada harga saham perusahaan BUMN yang terdaftar di Bursa Efek Indonesia.
Keywords: Abnormal return, Reaksi pasar, Restatement laporan keuangan,
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Published
30-06-2023
Issue
Vol. 21 No. 1 (2023): Jurnal Akuntansi Universitas Jember
Pages
55-68
License
Copyright (c) 2023 Jurnal Akuntansi Universitas Jember
How to Cite
Maharani, B., Geoffrey, Y., Purnamawati, I., & Wahyuni, N. I. (2023). REAKSI PASAR PERUSAHAAN BUMN PADA PENERBITAN RESTATEMENT LAPORAN KEUANGAN PT GARUDA INDONESIA TBK. JURNAL AKUNTANSI UNIVERSITAS JEMBER, 21(1), 55-68.
https://doi.org/10.19184/jauj.v21i1.40328
