Indonesian Journal of Law and Economics Review
Vol 15 (2022): May
Management Accounting

The Effect of Earnings Management and Financial Performance on Stock Returns Ahead of the Initial Public Offering with Company Size as Moderating Variable
Pengaruh Manajemen Laba dan Kinerja Keuangan terhadap Return Saham Menjelang Initial Public Offering dengan Ukuran Perusahaan sebagai Variabel Moderasi


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  • Dwi Ika Ratnasari,
  • Heri Widodo*
Dwi Ika Ratnasari
Universitas Muhammadiyah Sidoarjo, Indonesia
Heri Widodo
Universitas Muhammadiyah Sidoarjo, Indonesia *

(*) Corresponding Author
Picture in here are illustration from public domain image or provided by the author, as part of their works
DOI: https://doi.org/10.21070/ijler.v15i0.790
Published May 31, 2022
Keywords
  • Profit Management,
  • Financial Performance,
  • Stock Returns,
  • Company Size
How to Cite
Ratnasari, D. I., & Widodo, H. (2022). The Effect of Earnings Management and Financial Performance on Stock Returns Ahead of the Initial Public Offering with Company Size as Moderating Variable. Indonesian Journal of Law and Economics Review, 15, 10.21070/ijler.v15i0.790. https://doi.org/10.21070/ijler.v15i0.790

Copyright (c) 2022 Dwi Ika Ratnasari, Heri Widodo

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Abstract

This study aims to determine the effect of earnings management and financial performance on stock returns, with firm size as a moderating variable (Study of Companies Listed on the Indonesia Stock Exchange in 2017-2020). The variables in this study use independent variables, dependent variables and moderating variables. The independent variables of the study are earnings management and financial performance. The dependent variable of the study is stock returns. The research moderating variable is firm size. This study uses a quantitative approach. The research sample was taken using a non-probability sampling method with purposive sampling technique, with a total sample of 166 companies. This study uses SEM (Structural Equation Model) analysis in testing the research hypothesis. strengthen the effect of financial performance on stock returns.

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