Earning Opacity, Ceo Overconfidence, Financial Report Readability Effect On Stock Price Crash Risk

Ria, Ria and Adler Haymans Manurung, - and Etty Murwaningsari, - and Vinola Herawaty, - (2020) Earning Opacity, Ceo Overconfidence, Financial Report Readability Effect On Stock Price Crash Risk. PSYCHOLOGY AND EDUCATION, 57 (9). ISSN 00333077

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Abstract

Stock price crash risk is the sudden and drastic drop in share prices that occurs when negative news about a previously hidden issuer emerges. One of the cases of stock price crash risk that is sticking out is the case of Bear Stearns Companies Inc., a global investment bank as well as a brokerage and securities trading company in the United States. Wen (2016) shows that the problem of stock price crash risk isalso influenced by earning opacity, CEO overconfidence and financial report readability. The purpose of this study was to examine and analyze the effect of earning opacity, CEO overconfidence and financial report readability on stock price crash risk.Based on the objectives, this study uses a design explanatory research (hypothesis testing)with the causality approach which aims to explain causal relationships. The unit of analysis in this study is an Indonesian manufacturing company listed on the IDX for the period 2014-2017 or the period after the 2013 economic crisis in Indonesia due to the pressure of the rupiah depreciation and rising inflation. The analysis technique in this study uses multiple linear regression analysis.The results obtained in this study are (1) Earning opacity positive effect on stock price crash risk; (2)CEO over confidence positive effecton stock price crash risk and (3) Financial report rediability positive effect on stock price crash risk

Item Type:	Article
Subjects:	L Education > L Education (General)
Divisions:	Artikel > Ekonomi
Depositing User:	BPSI Unas
Date Deposited:	09 Apr 2021 09:59
Last Modified:	09 Apr 2021 09:59
URI:	http://repository.unas.ac.id/id/eprint/3690

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