Industry cash flow volatility and stock price crash risk

Investment climate has begun to rise since a few years ago. Stock price fluctuations keep stable and move to the positive position. Stock price fluctuation affected by two factors, internal factors and external factors. Internal factors consist of company’s cash flow, dividend and investment behaviour. External factors consist of monetary policy, exchange rate, interest volatility, globalization, companies’ competition, and technology. This research, try to find out the effects of SBI rate and exchanged rate (USD/Rp) to PT. Semen Gresik’s stock price. Keywords : Investment, stock price, SBI’s rate, and Exchanged rate.

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Does the CEO risk Increase as the Managerial Centrality Increases? Focusing on Stock Price Crash Risk and Conservatism-

Regional Industry Review ◽

10.33932/rir.43.1.14 ◽

2020 ◽

Vol 43 (1) ◽

pp. 299-320

Author(s):

Hyun Jin Kim

Keyword(s):

Stock Price ◽

Crash Risk ◽

Risk Increase

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PENGARUH MANAJEMEN LABA TERHADAP ABNORMAL RETURN

Jurnal Kajian Akuntansi dan Auditing ◽

10.37301/jkaa.v0i0.4842 ◽

2009 ◽

Author(s):

Zirman Zirman ◽

Lily Lily

Keyword(s):

Earnings Management ◽

Cash Flow ◽

Significant Influence ◽

Stock Price ◽

Abnormal Return ◽

Real Earnings Management ◽

Financial Statement ◽

Discretionary Accrual ◽

Stock Price Reaction ◽

Flow Components

This research investigates the consequence of earnings management by analyzing stock price reaction to the full set financial statement in 2008 which can be used by investors to detect earnings management by the firms. This research investigated two forms of earnings management (accrual and real earnings management). The samples is drawn from firms in IDX Statistic 2008 which categorized as active in frequency, value or volume. The method of analysis of this research used multi regression. The results show (1) discretionary accrual had negative significant influence to abnormal return, (2) abnormal cash flow from operation had negative significant influence to abnormal return. The results implicate that the investors are aware of the accrual earnings management (discretionary accrual) and real earnings management (abnormal cash flow) components in the earnings reported by the firms and they react negative to this components.

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