Proposal Tesis
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Transcript of Proposal Tesis
ANALYSIS THE INFLUENCE OF FINANCIAL PERFORMANCE AND ENVIRONMENTAL
PERFORMANCE DISCLOSURE TO MARKET REACTION AND FIRM SIZE AS MODERATING VARIABLE
(Case Study in Companies Listed on Indonesian Stock Exchange during 2009-2013)
Eka Agustianingsih
SMAK-04
SAFE INVESTMENT(Yuliusman, 2008)
Management with a great track record and a positive plan of healthy,
At least have earnings growth per share on average and revenue performance of a prospective,
Strong evidence of the existence of a positive attitude towards the management of environmental issues
Problem Formulation
Is disclosure of financial performance affects the market reaction?
How the firm size as a moderating variable affecting the relationship disclosure of financial
performance and the market reaction?
Is disclosure of environmental performance affects the market reaction?
How the firm size as a moderating variable affecting the relationship disclosure of
environmental performance and market reaction?
Research Objectives
To determine whether the disclosure of financial performance affects the market reaction.
To find out how the role of firm size in the relationship between the disclosure of financial performance and market reaction.
To determine whether the disclosure of environmental performance affects the market reaction.
To find out how the role of firm size in the relationship between the disclosure of environmental performance and market reaction.
Research Methodology
Unit of Analysis :
All companies Listed in IDX and participated in PROPER
during 2009-2013.
Variable UsedVariable Proxy Measurement
ROI ROI ๐ธ๐๐๐๐๐๐ ๐๐๐ก๐๐ ๐ก๐๐ฅ
๐ผ๐๐ฃ๐๐ ๐ก๐๐๐๐ก
ROE ROE ๐ธ๐๐๐๐๐๐ ๐๐๐ก๐๐ ๐ก๐๐ฅ
๐ธ๐๐ข๐๐ก๐ฆ
EPS EPS ๐ธ๐๐๐๐๐๐ ๐๐๐ก๐๐ ๐ก๐๐ฅ
๐ฝ๐ข๐๐๐โ ๐ ๐โ๐๐ ๐๐๐๐๐๐๐
EMA implementation ISO 14001 ownership Dummy variable;Yes : 1No : 0
Environmental disclosure Disclosure scoring index ๐โ๐ ๐๐ข๐๐๐๐ ๐๐ ๐๐ก๐๐ ๐๐๐ ๐๐๐๐ ๐ข๐๐๐
๐๐๐ก๐๐ ๐๐๐ ๐๐ก๐๐ ๐๐๐ ๐๐๐๐ ๐ข๐๐
PROPER rating PROPER ratingRating point:
Gold : 5
Green : 4
Blue : 3
Red : 2
Firm size Total asset Log(Total Asset)
Market reaction Abnormal return ARi,t = Ri,t โ E[Ri,t]