INDIVIDUAL INVESTOR REACTION TO CORPORATE GOVERNANCE RESTRUCTURING FOLLOWING AN EARNINGS RESTATEMENT EVENT: CONFIDENCE RESTORED?

2013 ◽  
Vol 13 (3) ◽  
pp. 51-58
Author(s):  
R. Flynn
2017 ◽  
Vol 14 (4) ◽  
pp. 165-175
Author(s):  
Lindrianasari Lindrianasari ◽  
Sondang Berliana Gultom ◽  
Liza Alvia

This research generally aims to provide empirical evidence on investor reaction to the disclosure of Management’s Discussion and Analysis of the companies listed on the Indonesia Stock Exchange in the period of 2011-2013. The motivation of this study is that there is no study in Indonesia concerning the presentation of the Management’s Discussion and Analysis that affect investors’ decision to invest in an enterprise, which is illustrated by the market reaction to stock returns and trading volume activity. There are 827 samples in this study in the period of 2011-2013. This study found that Indonesian capital market is responding to the disclosure of Management’s Discussion and Analysis provided by the company. The more complete disclosure of the information in the Management’s Discussion and Analysis, the better the market response. Corporate Governance Perception Index also responded positively and significantly to the stock trading volume. These findings indicate that the disclosure of information contained in Management’s Discussion and Analysis and Corporate Governance Perception Index utilised for market participants in Indonesia in decision-making.


Webology ◽  
2020 ◽  
Vol 17 (2) ◽  
pp. 88-102
Author(s):  
Cris Kuntadi

This study aimed to examine The effect of Good Corporate Governance on Investor Reactionin 5 ASEAN Countries. The populations in this research were financial sector companies in ASEAN (Indonesia, Singapura, Malaysia, Thailand, Phillipine) as the members of ASEAN CG Scorecard members assesment 2014 in the period 2015-2016. By using purpose sampling method obtained 146 sample with size, growth, leverage and county as the variable control.The result shows that Good Corporate Governance has positive effect on Market Reaction. Size, Growth and Leverage has no effect on Market Reaction. On the other hand Country variable has no effect on Market Reaction.


Sign in / Sign up

Export Citation Format

Share Document