Internet Financial Reporting (IFR) dan Reaksi Pasar

Abstract

This research is aimed to obtain empirical evidences on the impact of internet financial reporting (IFR) toward the market reaction which were measured by abnormal return and stock trading frequencies. The samples are 113 manufacturing companies which listed in Indonesian Stock Exchange period 2011. Based on statistical tests using Mann Whitney U test, result showed that abnormal return between IFR companies and non IFR companies were not different, meanwhile the stock trading frequencies between IFR and non IFR companies were different. The companies which use internet to expose their financial reporting will have higher stock trading frequencies than the companies that don't.