FACTORS AFFECTING THE EARNINGS RESPONSE COEFFICIENT: AN INDONESIAN PERSPECTIVE

Authors

  • Yen Sun, Nuraini Sari , Kartika Dewi

Abstract

Earnings Response Coefficient (ERC) describes how a market reacts to Earnings
announcement which can affect the stock prices. Thus, it is important to know what factors
are derived from financial statements that may affect market reaction. This study aims to
analyze such factors as leverage, systematic risk, growth opportunities, and company size that
have relationships with the ERC by using secondary data of property and real estate
companies listed on the Indonesia Stock Exchange within the period of 2013 to 2015. The
sampling method used is purposive sampling. The research data were processed by using
multiple regression with statistical tools of E-Views program. The results show that growth
opportunities have a relationship with ERC, while leverage, systematic risk and size do not
have.

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Published

2020-12-11

How to Cite

Yen Sun, Nuraini Sari , Kartika Dewi. (2020). FACTORS AFFECTING THE EARNINGS RESPONSE COEFFICIENT: AN INDONESIAN PERSPECTIVE. PalArch’s Journal of Archaeology of Egypt / Egyptology, 18(1), 729 - 739. Retrieved from https://archives.palarch.nl/index.php/jae/article/view/2092

Issue

Vol. 18 No. 1 (2021): PalArch’s Journal of Archaeology of Egypt/Egyptology

Section

Articles