ANALISISS PERBEDAAN PENGATURAN LABA (EARNING MANAGEMENT) PADA KONDISI LABA DAN RUGI PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK JAKARTA

The present research was aimed examine the different of eaming management between the company that have profit as long as three years successively with the company that suffered from loss. The different on eaming management was ohserved from the average value of discretionary accruals. The discretionary accrual was accounted using three models as have been implemented by Kusumawati and Sasongko (2005) that is Healy model, Jones model and modification model of Jones. The sample used was selected with purposive sampling method so that obtained amount of the respective sample as much as 12 companies that have profit as long as three year successively and 12 companies that suffered from the loss as long as three years successively. Data analysis was conducted with the event study and independent sample t-test. Based on analysis using event study shows that the investor have reacted positively to the event of profit announcement. The examination result with independent sample t-test indicate that there was significant different of discretional accrual between the companies that have profit and the company that suffered from the loss.