Analisis Perbedaan Return, Risiko Saham dan Perataan Laba Pada Era Konvergensi International Financial Reporting Standards(IFRS) (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BursaEfek Indonesia tahun 2010-2013)

Abstract

The purpose of this study is to provide empirical evidence about the differences between stock return and stock risk of company manufacture which are apply International Financial Reporting Standard (IFRS) and not . and apply IFRS also difference between stock return and stock risk smoother manufacture before and after the IFRS convergence. The Population of the study is all manufacture listed in Indonesia Stock Exchange (IDX) during 2010-2013 periods. Sample was selected using purposive sampling method. The research used paired sample t-test as analysis tool with SPSS version20.00. This study also to find empirical convidence about research stock return between manufacture which apply IFRS and do not, and stock risk of manufacture have applied IFRS is different manufacture which have not applied IFRS. Then, those manufacture are classified into two groups, namely, smoother which have applied IFRS, and smoother manufacture which have not applied IFRS. After grouping, the difference between stock return and stock risk of those groups are re-tested. The result of the test shows that there is not differences between an stock return and stock risk of smoother manufacture which have applied IFRS and which have not appliedIFRS.

Keywords: IFRS, Income smoothing, stock return, and stockrisk