ARUS KAS UNTUK MENDETEKSI MANIPULASI AKTIVITAS RIIL DAN DAMPAKNYA TERHADAP KINERJA PASAR
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Abstract
This study aims to determine whether real activity manipulation can be detected
through operating cash flow and how the effect of real activity manipulation on market
performance in manufacturing companies listed on the Indonesia Stock Exchange
during 2017-2019. The sample was selected using purposive sampling method and the
valid data was 152 data. Data processing techniques using panel data regression
analysis assisted by the EViews program (Econometrical Views) version 10. The results
of this study indicate that real activity manipulation can be detected through operating
cash flow and real activity manipulation has a significant positive effect on market
performance. The implication of this study are investors can conduct a more in-depth
evaluation of the market performance of a company before making an investment
decision and this research can be a reference or consideration for company managers
who wish to carry out earning management, especially through real activitiy
manipulation.
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